Business / Economic / Financial

[ This link to a somewhat more cumulative blog posts page will precede current days news since most all topics remain current in terms of impact and longer-term effect and can be searched by topical index term more easily. The same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve closed that blog / link. The same is true for microsoft, another co. that’s seen their best days and relies on the government to maintain their monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and clarity thereby while the Washington Post page is the real deal but has changed and is without elaborate formatting http://www.washingtonpost.com/wp- srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in - (Washington Post) [ Comments COMMENTS ARE CLOSED WHILE WE UPGRADE OUR SYSTEMS ] the comments are no longer archived on their site ) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm ) { 6-11-11 - I archive malicious, fraudulent emails sent to me, including some purporting to be from the FBI, even Mr. Mueller himself. I foolishly in haste archived a fraudulent email which was embodied as a zip executable file which while attempting to scan with my antivirus promptly crashed my computer / hard drive which required (to be extra cautious on the safe side) a new hard drive … lesson learned … so in case I cut too much from my backup file , this archive is available for continuity http://albertpeia/61111archivefromcrash.htm . } ]

‘Alibi’ Obama Who is best to run against the president and his excuses? (Washington Post) [ Yeah! Really quite true! Wobama the b (for b***s***) is all excuses, all b***s***. But, don’t strain yourself. It really doesn’t matter since wobama’s a failed president whose failure speaks for himself (and his teleprompter). As such, it matters very little who, since whoever, beats wobama hands down. He has a record of failure and actions that have consistently belied his words. Indeed, wobama’s a fraud in the inducement (campaign promises) and a fraud in the factum (in fact). As failed as dumbya bush, there’s a nausea factor that’s become attached to wobama(s) like no other(s). Drudgereport: POLL: Obama 42%, any Republican 46%...

OBAMA: LET'S STAY IN IRAQ...
FLASHBACK: 'I intend to remove all U.S. troops from Iraq by the end of 2011'...
Campaign signals fundraising fail...
UPDATE: Minnesota Government Shuts Down...
Washington state closes tourism office...
Florida state workers get pink slips, more cuts ahead...

FEDS STRIKE DOWN STATE'S BAN ON RACE CONSIDERATION IN COLLEGE ADMISSIONS...

SoCal Looks to Secede from California...

REPORT: U.S. Air Force, Navy still flying hundreds of missions over Libya...(FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA...)
GETTING NERVOUS

NEWT: Obama 'most successful food stamp president in American history'... ]

Afghanistan spending questioned Senators ask why the Pentagon is paying for projects usually funded through the State Dept. (Washington Post) [ If only the question concerned a concept foreign to and lost on the senate; viz., why is the nation spending money it doesn’t have on wars the nation doesn’t need. Well, unless one expects the pentagon / military-industrial-complex / cia to prostrate themselves before the senate and confess (don’t hold your breath), quite simply in large part the reason is that ultimately it’s much easier to steal when in control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan | Is America then headed for an inevitable default? As President Bush prepared to invade Iraq in September 2002, the head of his economic policy council, Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200 billion. Patrick J. Buchanan July 5, 2011Lindsey had committed candor, and the stunned Bushites came down on him with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60 billion, said Mitch Daniels of the Office of Management and Budget. We can finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was gone, back, in Ronald Reagan’s phrase, “testing the magic of the marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s shine is wearing off I know why we are falling into a cataclysm of debt and can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious freedom, freedom generally did they come to these shores. A rare exception to the influx of immigrants to this young nation who turned out to be more a virus to the indigenous peoples of this land than what could have been expected from those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those so positioned abroad would have represented a positive addition to the gene pool which, borrowing from an insurance term, viz., adverse selection, springs forth the notion of inevitability to the genocide of the indigenous populations while guaranteeing the decline we see throughout this foundering nation. The effects of these negative predispositions toward inherent criminality is certainly being felt globally as well as domestically and has little to recommend it. My own direct experience with the region(s) (particularly new jersey, new york, virginia, connecticut, california) carves out no exception for the prevalence of the worst of human nature; which is now collectively and pervasively americana. Report: SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm

Focus Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs, extinction, at least in a manner of speaking. Global information exchange at lightning speed has made such throwbacks to a lost era, propaganda, and maladaptive traits foolish at best, deadly at worst. Intelligent people worldwide aren’t buying the obsolete, Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc.; more specifically, diversion of the masses from the glaring failures of leadership, economic and otherwise.

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.

THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Men getting jobs faster than women The recession was hard on men, who saw construction and manufacturing jobs dry up, but the recovery is proving much kinder on men. In a rare turnabout, men are outpacing women in getting jobs as the economy struggles back to life — and they’re doing it partly by taking work in fields long dominated by women. (Washington Post) [ And unfortunately, if you’ve the unpleasant occasion to experience the american workforce in action (I’m reminded every time I so do – those problem/support lines for americans services / products so typically gone awry; horrendous, with an attitude, but clear as an unmuddied lake as to why american jobs are outsourced. A simple cost-benefit analysis further confirms the rational basis to this reality. Drudgereport: Obama Economists Admit: 'Stimulus' Cost $278,000 per Job... . Afghanistan spending questioned Senators ask why the Pentagon is paying for projects usually funded through the State Dept. (Washington Post) [ If only the question concerned a concept foreign to and lost on the senate; viz., why is the nation spending money it doesn’t have on wars the nation doesn’t need. Well, unless one expects the pentagon / military-industrial-complex / cia to prostrate themselves before the senate and confess (don’t hold your breath), quite simply in large part the reason is that ultimately it’s much easier to steal when in control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan | Is America then headed for an inevitable default? As President Bush prepared to invade Iraq in September 2002, the head of his economic policy council, Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200 billion. Patrick J. Buchanan July 5, 2011Lindsey had committed candor, and the stunned Bushites came down on him with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60 billion, said Mitch Daniels of the Office of Management and Budget. We can finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was gone, back, in Ronald Reagan’s phrase, “testing the magic of the marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s shine is wearing off I know why we are falling into a cataclysm of debt and can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious freedom, freedom generally did they come to these shores. A rare exception to the influx of immigrants to this young nation who turned out to be more a virus to the indigenous peoples of this land than what could have been expected from those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those so positioned abroad would have represented a positive addition to the gene pool which, borrowing from an insurance term, viz., adverse selection, springs forth the notion of inevitability to the genocide of the indigenous populations while guaranteeing the decline we see throughout this foundering nation. The effects of these negative predispositions toward inherent criminality is certainly being felt globally as well as domestically and has little to recommend it. My own direct experience with the region(s) (particularly new jersey, new york, virginia, connecticut, california) carves out no exception for the prevalence of the worst of human nature; which is now collectively and pervasively americana. Report: SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm

Focus Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs, extinction, at least in a manner of speaking. Global information exchange at lightning speed has made such throwbacks to a lost era, propaganda, and maladaptive traits foolish at best, deadly at worst. Intelligent people worldwide aren’t buying the obsolete, Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc.; more specifically, diversion of the masses from the glaring failures of leadership, economic and otherwise.

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Wall Street is abuzz about tech stocks, but where's the smart money? With tried and true tech giants like Microsoft, IBM and Intel, look for value -- and landmines. Tech IPO's and the growth trap (Washington Post) [ Undoubtedly the biggest scam since the dotcom bust; that summer sizzler based on b***s*** alone! The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! All bad news … from eurozone (protugal, et als), to asia zone (china worse than expected), to america (where to begin, from defacto bankruptcy, to debased currency, to insurmountable debt / dervice, to pervasive corruption, etc.) … stocks rally on fraud and b***s*** alone. Previous, higher oil price rally, along with Netflix ‘technology rally’ … Don’t make me laugh! … Total desperation on wall street and in Washington … How pathetic! … Jobless claims at 428,000 much worse than expected; and, don’t forget, these are desperate ‘pre-election times’ when regardless of factual reality (ie., fake reports, data, as, ie., ‘wobama hometown’ corrupt chicago ISM is up as even their youth gangs are showing increased criminal activity which probably accounts for the rise; ie., meth, crack labs, etc.?) data / reports are fudged / faked / spun. Foreclosure, distressed sales up, at least on paper with contracts signed, so no surprise nor reason to cheer here, as markets worldwide jump on the american crazy train for a short-lived bounce as all problems remain. This is the same month end (and quarter, half) spurt / window dressing based on b***s*** alone to keep the suckers suckered and an especially great time to sell / take profits since there’s much worse to come! Talk about milking the greek crisis for the umpteenth time a so-called solution (and there are loads of greecy scenarios worldwide … I don’t think so and neither does Schaeffer who says: ‘…even once such a package is passed it only buys time. Actually fixing the fiscal condition of Greece is not something that can be solved in a matter of weeks, or even months…‘ but it’s great press for the churn and earn and to keep the suckers suckered. Technology rally? Defacto bankrupt american technology is horrendous but great sizzle for the new fraud as in the dotcom bust days. Then there’s the greasy b.s. new greecy b.s. factor. The rally into the close and the previous so-called (4 day) ‘rally’ was based on b***s*** alone to keep the suckers suckered and for ‘smarter money ‘ along with the frauds to sell into. This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Selling In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart. Wall Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press” climaxed Sunday  with a startling market prognostication from David Brooks, conservative columnist for the NY Times. The risk of a debt default over the combustible issue of the Medicare deficit hangs over the course of the stock market. Buyers Beware!“I was up in Wall Street  this week,” Brooks said. “They’re vastly underestimating the source of piolitical risk here. We could have a major problem, I think, either this summer or the next couple years. And I’d be worried about investing too much in the market. That’s my financial advice.”…’ Another Financial Crisis Is On The Way, Mobius Says Market Crash 6/30/11?Technical indicators suggest market collapse may begin by June 30th Dennis Slothower is one of the world’s leading technical analysts. He’s one of the few advisors whose readers completely avoided ALL losses during the disaster that was 2008. And now he’s issuing another dire warning. His technical indicators suggest that the market manipulation we’ve seen over the last several months is about to come to an end…and that means thousands of investors are about to get clobbered. This correction could begin as soon as June 30th– so it’s important that you take action now to prepare yourself. StealthStocksOnline.com STOCKS HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline..’ ] States face shortfall for retirees (WP) Public workers’ retirement funds had a gap of $1.26 trillion at the end of fiscal 2009 Study: Affordable rentals scarce (WP) Poll: For Obama, low marks on Afghan war (WP) Fuel prices cut into Obama popularity (WP) They’ve used the contrived mideast turmoil and their wars to obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell

Get a job, kid! Only 25 percent of American teens have summer jobs, the lowest percentage on record. Why? Are they lazy? (Washington Post) [ Well, in their defense, the reality’s that the real unemployment rate minus the fudge factors, particularly in this pre-election year, is just about that, and many are ‘makeshift’ jobs at that for ‘pre-election year politicking purposes’: Drudgereport: Obama Economists Admit: 'Stimulus' Cost $278,000 per Job... … Is Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I mean, come on! This catering to fraudulent wall street was a loser ab initio! That so-called ‘wealth effect’ market froth was used previously by senile ‘maestro’ greenspan and failed miserably except for the frauds on wall street who commissioned up and down; and, make no mistake, those computer-programmed high-frequency trading volumes have now been maximized for nation-economy-draining profits for the frauds like never before and have never been higher. The QE and dollar-debasement policies were always predictably inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel good’ obfuscation that was but in reality good only for the frauds on wall street. No, there is no modern day alchemy that spins worthless paper into gold except fraudulently for the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing out’ for hard currency and gold, precious metals, at everyone else’s expense including main street. ] In his June 7 speech, Fed Chairman Ben Bernanke stated, “the best way for the Federal Reserve to support the fundamental value of the dollar in the medium term is to pursue our dual mandate of maximum employment and price stability, and we will certainly do that.”

It is instructive to take a look at the actual Federal Reserve goals, as well Bernanke’s results in pursuing those goals.

Goals of Monetary Policy

“The goals of monetary policy are spelled out in the Federal Reserve Act, which specifies that the Board of Governors and the Federal Open Market Committee should seek ‘to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates’.  Stable prices in the long run are a precondition for maximum sustainable output growth and employment as well as moderate long-term interest rates.

When prices are stable and believed likely to remain so, the prices of goods, services, materials, and labor are undistorted by inflation and serve as clearer signals and guides to the efficient allocation of resources and thus contribute to higher standards of living. Moreover, stable prices foster saving and capital formation, because when the risk of erosion of asset values resulting from inflation—and the need to guard against such losses—are minimized, households are encouraged to save more and businesses are encouraged to invest more.”

Let’s look at the results of Bernanke’s economic “fine tuning” (using data from the St. Louis Fed’s database, starting in February, 2006, through April 2011), and see if he has successfully pursued this mandate.

Definition of STABLE (from the Mirriam-Webster dictionary)

a : firmly established : fixed, steadfast <stable opinions>

b : not changing or fluctuating : unvarying <in stable condition>

c : permanent, enduring <stable civilizations>

Stable Prices?

Stable prices are one of the Fed’s primary mandates.  In the table below, take a look at what has happened to the prices of items in a typical U.S. consumer’s budget since Ben took the reins:

Feb ’06 – April ’11

Items in a Typical Budget	% Change
Food and Beverages	16.54%
Water and sewer and trash collection services	31.88%
Rent of primary residence	13.82%
Housing	8.68%
Fuels and Utilities	11.93%
Apparel	4.83%
Medical Care	20.11%
Gasoline (all types)	65.12%
Transportation	23.36%
Tuition, other school fees, and childcare	29.28%
Recreation	2.87%

It is easy to play with the weightings of the above prices, and see how individual budgets would be impacted.  Regardless of the method used to look at prices, it is clear that Bernanke has not been successful at maintaining price stability since taking over as Fed Chairman.  Mandate not accomplished.

Maximum or Full Employment

Finding a strict definition of maximum employment is impossible.  Many economist give different estimates, ranging from 2%-7%.  The standard unemployment rate most often used by the Fed is currently at 9.1%, up 90% since Bernanke started.  The more inclusive (realistic) U6 number stands at 15.8%, up 75% in the same period.  The Civilian Participation Rate has declined 2.87% to 64.2%.

This is the lowest level the U.S. has seen since March, 1984.  The decline amounts to 8,946,844 fewer Americans in the labor force.  Had they not dropped out because of a lack of jobs, the “official” unemployment rate would be significantly higher.  While we can debate the meaning of the term maximum employment, it is clear that the jobs data has deteriorated considerably since Bernanke took the reins at the Fed.  Mandate not accomplished.

Moderate Interest Rates

While not stated in Bernanke’s recent address, the Fed’s website also posts “moderate interest rates” as a stated goal.  While we cannot definitively say what constitutes “moderate”, we do know that both short and long-term interest rates are near all time lows.  It is safe to assume that near record low rates are not “moderate”.  Further, when  interest rates are artificially held below the rate of economic growth,” financial repression” is occurring.  Many bright folks have commented on how the zero interest rate policy (ZIRP) is destructive to savers and misallocates resources.  It is safe to say that this mandate has not been accomplished.

In conclusion, it is evident that Ben Bernanke is failing his mandates.  We believe it must come down to one of the following reasons:

1.       Bernanke does not know how to achieve his mandates;

2.       The policy tools employed don’t work;

3.       He does not have the ability to implement policies that would work;

4.       He is not trying to achieve his mandates;

5.       He has goals other than his legal mandates;

6.       He does not look at the data, and believes he is succeeding.

We will leave it up to our readers to make their own conclusions.

Matt Marcewicz &  Robert Barone, Ph.D.

Matthew Marcewicz and Robert Barone are investment advisor representatives with Ancora West Advisors LLC, Reno, Nev. ‘

Parties spar over debt deal Republicans are now willing to close some tax loopholes as part of a deal to raise the debt limit.

(Washington Post) [ Oooooh! Doing the people’s work, by hook or by crook … the former descriptive of what they are, the latter descriptive of what they do … Instead of Funding Retirement Accounts As Mandatory, Treasury Proceeds To Plunder The Most Since Debt Ceiling Breach Tyler Durden | Instead of putting in even one penny into G and CSRD Funds, Tim Geithner has decided to defraud government retirees by the most since the US debt ceiling was breached. And, not just the government: Will Your Private Pension Be Worthless? Mac Slavo | We know the Federal and State governments are in serious fiscal trouble. States face shortfall for retirees (WP) Public workers’ retirement funds had a gap of $1.26 trillion at the end of fiscal 2009 President summons lawmakers With just over two weeks remaining, Obama calls lawmakers to White House to break debt stalemate. (Washington Post) [ Summons? ‘Wobama the b’ (for b***s***)? Romney is quite correct, At N.H. town hall, Romney says Obama has made the economy worse (WP) ; but, not just the economy. There is anything about what a president does that wobama hasn’t failed at other than that ever so smooth jive-talkin’ he does that I find beyond the pale that anyone is even listening to his b***s***; or rather, Mr. Teleprompter’s words written / scripted by who knows who. What we do know is that what he says has absolutely no meaning beyond the saying of the words which flow so trippingly o’er his tongue. His political opportunism / soundbites / appearances along with ‘michelle his bell’ have become so unctuous and predictably transparent that they have become nauseatingly unwatchable. Summons? He’s not worthy of respect much less attention; particularly owing to his own abandonment of precepts and promises upon which he ran and for which he was elected. He’s a total embarrassment! U.S. debt limit affects world finances The stand-off between congressional Republicans and the Obama administration over raising a legal limit on how much the nation can borrow has been filled with dire warnings about what will happen if the U.S. government fails to pay its debts. (Washington Post) [ Stand-off … that’s rich … or in terms of prevalence and consequence, poor. The term brings to mind, in a manner of speaking, a shoot-out. And, further brought to mind is a visual where all pervasively corrupt, defacto bankrupt america’s venal, incompetent politicians / power-brokers / lobbies / players form a big circle and in unison fire at will at the invisible target in the middle. Parties at odds on deficit reduction Lawmakers in both parties plot strategies that could make the deal difficult to find common ground. (Washington Post) [ Yes … Odds on … favorite … a lose / lose solution. The realistic scenario brings to mind that old adage that, ‘you can’t make a silk purse out of a sow’s ear’ … and, yeah, the reality is all that bad. A debt ceiling leadership failure On Leadership | Congress’s failure to fix the budget deficit is due to fundamental differences of opinion on the role of government. U.S. consumer confidence unexpectedly (but realistically – and not because of the budget stalemate) falls (Washington Post) [Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘President enters the debt talks Obama hosts sitdowns as leaders remain divided over spending reductions and tax increases. (Washington Post) [ Oooooh! The big gun has arrived, with the biggest gun, Mr. Teleprompter just a hot line away. Come on! Let’s get real! What does wobama the b (for b***s***) know that any of these other fellow nincompoops don’t; particularly about economics / finance, even compared to ‘Lobotomy Joe’. Market Crash 6/30/11?Technical indicators suggest market collapse may begin by June 30th Dennis Slothower is one of the world’s leading technical analysts. He’s one of the few advisors whose readers completely avoided ALL losses during the disaster that was 2008. And now he’s issuing another dire warning. His technical indicators suggest that the market manipulation we’ve seen over the last several months is about to come to an end…and that means thousands of investors are about to get clobbered. This correction could begin as soon as June 30th– so it’s important that you take action now to prepare yourself. StealthStocksOnline.com [ Oooooh! Bring in the big guns; viz., ‘wobama the b’ (for b***s***) … sounds like a plan! After all, ultimately it’s Mr. Teleprompter who’ll have the final say; and, it seems like wobama’s got a lock on that ‘relationship with Mr. T; you know, ‘pecking order’ kinds of stuff … Then begs the question: Is Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I mean, come on! This catering to fraudulent wall street was a loser ab initio! That so-called ‘wealth effect’ market froth was used previously by senile ‘maestro’ greenspan and failed miserably except for the frauds on wall street who commissioned up and down; and, make no mistake, those computer-programmed high-frequency trading volumes have now been maximized for nation-economy-draining profits for the frauds like never before and have never been higher. The QE and dollar-debasement policies were always predictably inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel good’ obfuscation that was but in reality good only for the frauds on wall street. No, there is no modern day alchemy that spins worthless paper into gold except fraudulently for the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing out’ for hard currency and gold, precious metals, at everyone else’s expense including main street. ‘ America’s shine is wearing off I know why we are falling into a cataclysm of debt and can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious freedom, freedom generally did they come to these shores. A rare exception to the influx of immigrants to this young nation who turned out to be more a virus to the indigenous peoples of this land than what could have been expected from those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those so positioned abroad would have represented a positive addition to the gene pool which, borrowing from an insurance term, viz., adverse selection, springs forth the notion of inevitability to the genocide of the indigenous populations while guaranteeing the decline we see throughout this foundering nation. The effects of these negative predispositions toward inherent criminality is certainly being felt globally as well as domestically and has little to recommend it. My own direct experience with the region(s) (particularly new jersey, new york, virginia, connecticut, california) carves out no exception for the prevalence of the worst of human nature; which is now collectively and pervasively americana. Report: SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm

Focus Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs, extinction, at least in a manner of speaking. Global information exchange at lightning speed has made such throwbacks to a lost era, propaganda, and maladaptive traits foolish at best, deadly at worst. Intelligent people worldwide aren’t buying the obsolete, Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc.; more specifically, diversion of the masses from the glaring failures of leadership, economic and otherwise.

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Paul B. Farrell: 7 reasons U.S. needs a Good Depression now By Paul B. Farrell, MarketWatch SAN LUIS OBISPO, Calif. (MarketWatch) — ‘No, do not raise the debt-ceiling. You heard me: Block the debt ceiling vote. Don’t raise it. America’s out-of-control. A debt addict. Time to detox. Deal with the collateral damage before it’s too late.

We need to fix America’s looming credit default, failing economy and our screwed-up banking system. Now, with a Good Depression. If we just kick the can down the road one more time, we’ll be trapped into repeating our 1930’s tragedy, a second Great Depression.

Barton Biggs: U.S. needs massive public works program

The U.S. needs to invest in a massive public works program, and rich people and corporations should pay more taxes. Barton Biggs, of Traxis Partners, shares his views with the Simon Constable.

Yes, depression. Spelled: d-e-p-r-e-s-s-i-o-n. Wake up America, recessions do not work. Won’t work in the future. Remember that 30-month recession after the dot-com crash? Didn’t work. Why? Because in the decade since that 2000 peak, Wall Street’s lost an inflation–adjusted 20% of America’s retirement money.

And what about the so-called Great Recession of the 2008 credit meltdown? Didn’t work either. In fact, made matters worse: Wall Street got richer by stealing from the other 98% of Americans, the middle class, the poor. And now their conservative puppets in Washington want to make matters worse, widening the wealth gap further to benefit the Super Rich.

Seems nobody really gives a damn about our great nation any more. America’s now a capitalists anarchy: “Every (rich) man for himself.” Proxy battles are fought by high-priced lobbyists in a broken political system. America needs a 21-gun wake-up call. Yes, that’s why America needs a Good Depression. The economy’s bad now. But kicking the can down the road again will make matters much worse later.

America’s leaders lost their moral compass, lack a public conscience

This is not our first call for a Good Depression. As early as 2005 we began reporting on excessive debt. In November 2007 we warned of a crash dead ahead. The subprime credit meltdown had been accelerating for many months, although for a year our leaders kept misleading Americans: Fed Chairman Ben Bernanke’s “it’s under control.” Treasury Secretary Henry Paulson’s delusional “best economy I’ve ever seen in my lifetime.”

In August 2008 came the original of our seven reasons why America needs a Good Depression. Yes August, just two months before Wall Street banks collapsed into de facto bankruptcy, after many warnings predicting a crisis. This was no Black Swan. In September 2008 we reported on Naomi Klein, author of “Shock Doctrine: The Rise of Disaster Capitalism,” warning of Wall Street’s insidious plan to take over America:

“Nobody should believe the overblown claims that the market crisis signals the death of ‘free market’ ideology.” Then as the meltdown went nuclear, Klein warned: “Free market ideology has always been a servant to the interests of capital, and its presence ebbs and flows depending on its usefulness to those interests. During boom times, it’s profitable to preach laissez faire, because an absentee government allows speculative bubbles to inflate.”

But “when those bubbles burst, the ideology becomes a hindrance, and it goes dormant while big government rides to the rescue. But rest assured,” she predicted, Reaganomics “ideology will come roaring back when the bailouts are done. The massive debts the public is accumulating to bail out the speculators will then become part of a global budget crisis that will be the rationalization for deep cuts to social programs, and for a renewed push to privatize.”

Totally predictable: No Black Swans in 2000, 2008 … nor in 2012

Yes, all was predictable: The events of the past few years were well known in advance. In fact, the events of the entire decade were predictable. The rich got richer off the backs of the middle class and the poor. Why? “There’s class warfare all right,” warns Warren Buffett. “But it’s my class, the rich class, that’s making war, and we’re winning.”

And they are also blind and deaf to the havoc their free-market Reaganomics policies are creating, selfishly undermining America, the world’s greatest economic power.

Lessons learned? Zero. Why? Wall Street, Washington and Corporate America are focused on one narrow-minded short-term strategy: Economic g-r-o-w-t-h, bull markets, megabonuses, tax cuts. In good times they tout “free markets.” But when greed bombs, they throw free-market “principles” under the Reagan Revolution bus and unleash their mercenary lobbyists to go whining to Congress for huge taxpayer bailouts and access at the Fed discount window, to siphon off more taxpayer money. And they’ll do it again soon,

Wall Street and their cronies are doing such a miserable job, America needs a new strategy: First, stop “kicking the can down the road.” Let a good old-fashioned Good Depression do the job that our hapless, happy-talking leaders refuse to do. Take our medicine. Let a new depression clean house and reawaken Americans to core values.

Trust me folks, it’s either a Good Depression now … or a Great Depression 2. Here are seven reasons favoring the do-it-now strategy:

1: Capitalism’s now a lethal soul sickness, needs a reawakening

What’s the real problem? Not the economy, not markets, nor even politics. Yes, our economic pains are real. But they’re just symptoms. Something’s structural wrong. Since 2000 endless bad news: Greed, deceit, stupidity, corruption, unethical behavior, lack of moral conscience.

The real problem’s deep in our character, the “mutant capitalism” Jack Bogle warned of in “The Battle for the Soul of Capitalism.” Sadly, that battle was lost. With it we lost our soul, our moral compass. America’s character is measured by our net worth.

2. We’re already in the early stages of a Great Depression

Comparing today with the Great Depression is common sport. In a Newsweek special “Seeing Shades of the 1930s,” Dan Gross wrote: “Wall Street, after two terms of a business-friendly Republican president, self-immolated on a pyre of greed, incompetence and excessive optimism.” Today’s “new normal” economy means high unemployment for years, inflation driving prices, rising interest rates, more debt, chaos.

We are destroying ourselves from within. Former U.S. Comptroller General David Walker warns that “there are striking similarities between America’s current situation and that of another great power from the past: Rome.” Three reasons “worth remembering: declining moral values and political civility at home, an overconfident and overextended military in foreign lands, and fiscal irresponsibility by the central government.” We are becoming more vulnerable to external enemies.

3. Good Depression exposes our self-destruct bubble-thinking

Before the 2008 crash, “Irrational Exuberance” author Robert Shiller warned in the Atlantic magazine that “bubbles are primarily social phenomena. Until we understand and address the psychology that fuels them, they’re going to keep forming.” Housing inflated 85% in the decade: “Historically unprecedented … no rational basis for it.”

Bubble thinking is an toxic virus that infected everyone. Shiller warns of another coming: “We recently lived through two epidemics of excessive financial optimism … we are close to a third episode.”

4. Good Depression will stir outrage, force real reforms

Writing in the Wall Street Journal, Jim Grant, editor of the Interest Rate Observer, wrote: “Why No Outrage? Through history, outrageous financial behavior has been met with outrage. But today Wall Street’s damaging recklessness has been met with near-silence, from a too tolerant populace.” Grant worries that Wall Street will run “itself and the rest of the American financial system right over a cliff.”

But we only went to the edge in 2008. Today, a rebellious “throw the bums out” hostility is blowing a new kind of bubble: Three years ago we did not have Tea Party, union fights, the Arab Spring and Greek austerity riots, all signs of an dark angry future sweeping across America.

5. Good Depression forces Wall Street to think outside the box

In a powerful Bloomberg Markets feature, “No Easy Fix,” we’re told Wall Street’s “profit formula has hit a wall.” Their “money-making machine is broken and efforts to repair it after the biggest losses in history are likely to undermine profits.”

Even Mad Money’s Jim Cramer openly admits hedge fund managers are pocketing megaprofits at capital gains rates while laughing at the stupidity of a broken political system that gives hundreds of billions in tax breaks to the richest, then takes taxes off the table as our middle class is dying under massive unsustainable deficits. Soon angry mobs will “fix” Wall Street.

6. Good Depression will deflate America’s warring soul

The American economy is a “war economy” driven by a egomaniac. I saw it firsthand as a U.S. Marine. Americans love being king of the hill, world’s cop, the global superpower. Why else spend 54% of our tax dollars on a war machine, 47% of the world’s total military budgets.

Why? Our war machine generates such “spectacular profits that many people around the world” are convinced America’s “rich and powerful must be deliberately causing catastrophes so that they can exploit them,” warns Klein in “Shock Doctrine.” No wonder the GOP takes military spending, like tax cuts for the rich, off-the-table: The war industry is a major political donor.

7. Good Depression now … avoids a far bigger depression later

In “The Price of Liberty: Paying for America’s Wars,” Robert Hormats, undersecretary of state and a former Goldman Sachs vice chairman, traces America’s wartime financing from the Revolutionary War to present wars. He warns that today we’re “relying on faith over experience, hoping that sustained growth will erase deficits and that the ballooning costs of Social Security, Medicare and Medicaid will be manageable in the coming decades without difficult reforms.”

Absent a brutal reset, we are on a historically predictable course says Kevin Phillips, Nixon strategist and author of “Wealth & Democracy:” “Most great nations, at the peak of their economic power, become arrogant and wage great world wars at great cost, wasting vast resources, taking on huge debt, and ultimately burning themselves out.” Yes, burned out, unprepared.

So pray for a Good Depression earlier rather than later. Choose now and we can be prepared for whatever comes. Or a Great Depression will hit later, when we’re least prepared, the problems bigger, our faith weaker … don’t raise the debt ceiling.’

With QE2 Dead, Are We Staring Down a Bull or Bear? By Benzinga.com Jul 05, 2011 ‘…we're in for doom and gloom in the future. With no bullets left in the gun for Bernanke to fire …, the government may not have the means to stop the panic a second time. Things could get ugly in a hurry…’

Here's How the Stock Market P/E Could Fall to 10 at The Wall Street Journal By Mark Gongloff [Click for larger image http://s.wsj.net/public/resources/images/OB-OO990_megaca_D_20110705113832.jpg ]

‘One of the most convincing cases often made by the stock-market bulls is that stocks are super cheap, with interest rates at rock bottom and the S&P 500 trading at just 13 times forecast earnings for the 2011. But the market may not be as cheap as it appears — and it could get a lot cheaper, according to a note today from Morgan Stanley equity strategist Adam Parker.

First, Mr. Parker shoots all kinds of holes in the market-is-cheap theory. For one thing, the market is only slightly cheaper today than its average forward P/E of 13.6, dating back to 1976.

And the market isn’t cheap at all using other ratios, such as price-to-sales (1.4x, compared with a long-term average of 1.1x), price-to-book (2.3x compared with a long-term average of 2.2x) or price-to-trailing earnings (16.1x compared with a long-term average of 17.8x).

Meanwhile, the S&P 500′s dividend yield of just 1.7% is way below an average of 2.7% dating back to 1964.

And this one is maybe the most interesting: Mr. Parker argues that the biggest-cap companies are providing most of the stock market’s cheapness, leaving the rest of the market fairly valued. If the biggest 30 stocks are excluded, the market’s forward P/E ratio is 13.5x, nearly matching the historical average. The biggest 30 stocks are trading at 11.5x forward earnings (an echo of the WSJ story today about how investors have abandoned big-cap tech).

“Our view is that the mega caps are undervalued and the rest of the market (stocks 31 through 500) are modestly overvalued,” Mr. Parker writes.

And now the kicker: The market will likely get even cheaper. Analyst earnings forecasts are now way above their long-term average, up 18.4% in the past year, compared with an average over the past 20 years of 7.91%. Earnings forecasts seem likely to fall back to earth, which alone could drive the market’s forward earnings multiple down to 10.6x, Mr. Parker estimates.

Meanwhile, Mr. Parker estimates that inflation-adjusted earnings growth has averaged 3.77% since 1948, and it will likely be lower than that in the next 10+ years, hurt by higher inflation and slower and more volatile economic growth around the world.

If he’s right, then the market is more expensive now than it seems. His forecast is that forward P/E will fall to 10.

Update: A commenter raised the issue of cash — the top 1500 companies have some $1.5 trillion in cash sitting on their balance sheets, fuel for future growth, stock buybacks, dividends, etc. That should make the market more attractive, but Mr. Parker dismantles this one, too, saying companies have net debt near pre-Internet bubble levels, that much of the cash is overseas and must be repatriated and that investors have been cutting the premium they’re willing to pay for corporate cash in recent years.’

S&P Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell ‘Are equities positioned for a nosedive? [Unequivocally, yes! Jobless claims at 428,000 much worse than expected; and, don’t forget, these are desperate ‘pre-election times’ when regardless of factual reality (ie., fake reports, data, as, ie., ‘wobama hometown’ corrupt chicago ISM is up as even their youth gangs are showing increased criminal activity which probably accounts for the rise; ie., meth, crack labs, etc.?) data / reports are fudged / faked / spun. Foreclosure, distressed sales up, at least on paper with contracts signed, so no surprise nor reason to cheer here, as markets worldwide jump on the american crazy train for a short-lived manipulated bounce as all problems remain. This is the same month end (and quarter, half) spurt / window dressing based on b***s*** alone to keep the suckers suckered and an especially great time to sell / take profits since there’s much worse to come! ]

Global Stress Points by Oxford Analytica http://en.wikipedia.org/wiki/Oxford_Analytica 20 Warning Signs of a Global Doomsday

• Dollar Collapse
• Taiwan / China Armed Hostility
• Israel / Iran Armed Conflict
• Mexico State Hollowing
• Global Protectionism
• Latin America Hydrocarbon Disruption
• Iraq State Institutions Collapse
• Russia Military Aggression
• End of Euro
• India / Pakistan War
• Pakistan State Collapse
• Argentina Sovereign Default 2.0
• North Korea Military Conflict
• War in North Africa
• Lebanon Civil War

Could One Wrong Policy Move Bring Down the Markets? at Minyanville  By Lloyd Khaner Jul 06, 2011 Sovereign debt, inflation and the threat of a catastrophic policy mistake in China or the U.S. top our list of investors' fears this week.

Moody's cuts Portuguese debt, China raises interest rates, and Wall Street understandably gets the jitters. Indeed, caution rules the day, week and entire season as the world's largest economies will face make-or-break junctions all summer long. Are the policy makers in China, the U.S., and Europe prepared to make the right call every time, or will one faulty decision ("insane" bickering over the debt ceiling, for example) bring ruinous upheaval to our global markets?

This week, Lloyd's Wall of Worry remains high at 19 blocks. For more on how to use this column as an investing tool, see "What is Lloyd's Wall of Worry?" below, or check out the graphic version of this page. For a look at the the specific worries making investors nervous this week, keep reading.


QE II: Did we just have a Y2K non-moment?

U.S. ECONOMY: Not too hot. Not too cold. Just right…Not.

UNEMPLOYMENT: The economists describe it as “structural” and say that we must be patient. Of course when the economists start losing their jobs, the unemployment problem will then be “catastrophic” and in need of immediate action.

U.S. DEBT CEILING: The countdown clock du jour is ticking away. Will a deal get done so congress can go on vacation for the month of August you ask? Is money green, I respond.

INVESTOR SENTIMENT: Is there a mercy rule for stock market inflicted psychological damage?

HOUSING CRISIS: The residential housing quicksand deepens….

INFLATION: The U.S. Misery Index hits a 28-year high (that’s back to 1983 says my slide rule) at the same time that headline Inflation becomes a concern. No such thing as a coincidence in Money Land.

STOCK MARKET TECHNICALS: Pinball zinging back and forth off the trading range bumpers. Tilt!

OIL PRICES: There’s no need to fear, the IEA and SPR are here! This better work.

ARAB SPRING: New Guy! New Guy! The Republic of Sudan enters the awakening as springtime moves its way down the African continent.

LIBYA: Mo-Mo is just daring NATO to put boots on the ground while at the same time working backroom deals to end the war. He’s crazy like a fox, a really old, megalomaniacal, fox.

JAPAN: Rumors spreading of a V-Shaped financial recovery bursting from the land of the rising sun. Talk about just what the doctor ordered.

CHINA: Developing a taste for Eurobonds that may rival the one they have for U.S. Treasuries. Bon Appetit!

EARNINGS SEASON: Will they hold up or are we standing like Wiley E. Coyote on a momentarily suspended cliff’s edge? Beep-Beep! ...Poof.

SOVEREIGN DEBT: No need to fear. Any defaults will be “selective” or “partial” or “temporary.” Whew! Oh, and all owners of this debt are instructed to employ their “voluntary suspension of disbelief” when viewing the ensuing destruction of capital as well.

COMMODITIES: Dropping fast and furious. Let’s hope the products they go into -- clothes, food, gasoline -- drop in price just as fast.

POLICY MISTAKE: Spin the wheel! Who will be first? The U.S., the EU or China? Spin the wheel....

EUROPEAN CENTRAL BANK: New president, old problem, same solution. S.O.S.

GREECE: Next bout on the Grecian undercard: The Greek God of Austerity vs. The Greek God of Union Workers…’

The Madness Of Buying Stocks With P/E's Of 500 at Forbes

Bearish Signs Are Quickly Adding Up By Gary Kaltbaum Jun 13, 2011 11:00 am

When the markets are in a bear phase, as they are now, it becomes immensely important to keep our eye on certain things.

Over the past few weeks, I have been more cautious. During that time on the Buzz & Banter, I outlined why I thought the market was in trouble. The simple fact is that every characteristic that usually show up near tops in the market... showed up. When these characteristics show up, it is time to keep an eye out for trouble. All that has to happen is for negative price and volume to confirm. Subtle signs showed up weeks in advance. When listening to those who say this recent drop came out of nowhere, please take it with a grain of salt. Here are those bearish characteristics that I've said would eventually come back to haunt the market:

Financials
Big financials were acting like it was '07 all over again. They sit when the market goes up and they lead down when the market sinks. It's quite amazing that this is occurring while the Fed is just handing money over to them. This is important, as financials have always been a key to the market. 

Major New Highs Divergence
Every time the market went to new highs, there were fewer and fewer stocks hitting new highs... indicating strength was narrowing.

Defense Leads
Speaking of leadership narrowing, over the past several weeks, we saw drugs, food, beverages, tobacco, and utilities lead. It's a classic sign of trouble when the most defensive of issues are being bought. 

Low Levels of Cash
Mutual funds are only holding 4% in cash -- a very low level -- providing very little ammo for the market. 

Over the Top Bullish Sentiment
I noticed one pundit call for 2600 S&P by 2013 and another calling for 20,000 Dow within 18 months. These type of calls do not occur at the lows.

Many Stock Splits and Mergers
Stock splits and mergers do not occur at lows. In fact, they occur at highs.

Emerging Markets
Markets like China, Brazil, and others entered their own bear phases before US markets.

A Plethora of IPOs and Secondaries
This adds supply to the market, but more importantly it's another characteristic that shows up at highs, not at lows. To make matters worse, investment banks -- as usual -- learned no lessons from the late '90s about bringing companies public with $5-10 billion valuations that do not have even $100 million in sales and lose money. They get their fees and investors lose.

Semiconductors
Another important leading sector is the semis. They have led the market for many years, both up and down. When they topped in March, I became worried. When they rolled over in mid-May, I became double worried.

Finally and Most Importantly
Nothing bad happens when major indices are above the 50 day moving averages, and only bad happens when below. The final dagger occurred last Wednesday when markets dived below on volume. Since then, there's nothing but distribution. On a daily basis we are seeing weak closes, another important sign of a bear phase. 

Try to resist the urge to listen to permabull Wall Streeters during bear phases, as it could cost you a bundle. You will be hearing the terms overdone, overreaction, undervalued, cheap, and so on. Be careful!

I am amazed at the complacency I have seen so far. After stating my bearish stance on Fox News a few weeks ago, I received a bunch of disagreeing emails, and even hate mail. Some people just never want to believe the market can go down. There is no way of knowing when a bear phase will end, but just like we know the characteristics that show up during a market top, we know the characteristics that show up during a market bottom. I do believe this market has a date with the 200-day moving average which is only a couple percent lower. At this juncture, I am inclined to believe it will occur.

To answer the question on whether the market could have another flash crash, I wouldn't bet against anything as I do not believe the masses are prepared, and I do believe the masses still have the buy the dip mentality.

On a short-term basis, major indices remain very stretched, expended, and oversold to the downside. But again, oversold could stay oversold for a while. I suspect the 200-day average could first provide the market with some sort of relief rally. Any rally should be sold as I believe there is going to be more time and price in this bear phase.

My last point is on the economy because many weeks ago I thought the economy had topped. Since then and unfortunately, this has been the case. What did I see? Every quarter I visit numerous retail outlets and I speak to select people in differing industries. These are ordinary people either running or working at businesses and they all said that things had stalled, that there was no upward trajectory. I then heard the heads of Walmart (WMT) and Target (TGT) say that the consumer hit a wall. (Here's a hint, never argue with what Walmart says. Don't listen when a pundit says the news is just limited to Walmart. The company only does $400 billion in sales.) The last and most important clue... commodities topped, indicating demand was indeed softening. Weeks later, all the worsening news has started to come out.

My biggest worries are simple:

The Fed is out of ammo. Interest rates are already at zero percent. Yes, they can print more money but that only crushes the dollar and lifts commodities, which in turn hurts the consumer. Crushing your own currency has never worked.

This administration is in dire need of watching the Seinfeld episode where Jerry told George that if every decision he has ever made was wrong, then doing the opposite must be right. We've seen massive deficits, massive amounts of new regulations, threats of tax increases, demonization of almost every industry, and a health care bill that does nothing more than add more costs to hiring even though they say it will lower costs and lower the deficits. There is only one outcome from this questionable policy... and we are seeing it. The Obama administration is not dealing with a sluggish economy, it is causing it.

So I worry. It is only bad when markets go down, and right now, it is bad. Markets are going down and we may have only seen the beginning as the trust factor remains very low. Markets are quite smart in the long run.’

Planned Job Cuts Increase by 12% In June, Second Sequential Increase Tyler Durden | Forget new job formation.

Europe Persists in Seeking a Solution for Greece New York Times | European bankers said that they had not given up on effort to help sort out Greece’s finances, a day after a major ratings agency said it would consider Greece to be in default.

In Europe, an ‘Argentinean Re-Run’: Fund Manager CNBC.com | The situation facing European countries like Greece and Portugal is directly comparable to the economic crisis which hit Latin America in the late 1990s.

Instead of Funding Retirement Accounts As Mandatory, Treasury Proceeds To Plunder The Most Since Debt Ceiling Breach Tyler Durden | Instead of putting in even one penny into G and CSRD Funds, Tim Geithner has decided to defraud government retirees by the most since the US debt ceiling was breached.

Without Low Interest Rates, The U.S. Financial System Dies The Economic Collapse | Right now, interest rates are near historic lows.

ECB Will Continue to Accept Greek Debt Financial Times | The European Central Bank will continue to accept Greek debt as collateral for loans unless all the major credit rating agencies it uses declare it to be in default.

Crumbling house at center of feud Neighbors in a posh D.C. enclave agree there’s an eyesore in their midst — just not on where it is. (Washington Post) [ Crumbling house? Now why do I immediately think of the house of representatives (including as well, the senate). Because … they’re crumbling, along with the nation. ‘House of cards’? Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ The back-office power brokers Experts in managing troubled loans of commercial real estate see their fortunes rise in the recession. (Washington Post) [ Kinda’ like a ‘heck of a job, brownie’ (Katrina) moment. Foreclosure backlogs swell nationwide States are wrestling with backlogs, exacerbated by homeowners who continue to fall behind on payments. Foreclosure properties become eyesores Foreclosures pit suburbia against Wall Street (Washington Post) [ It aint just the foreclosures that pits people against wall street and it aint just suburbia. No, there is no modern day alchemy that spins worthless paper into gold except fraudulently for the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing out’ for hard currency and gold, precious metals, at everyone else’s expense including main street. The catering to fraudulent wall street was a loser ab initio! That so-called ‘wealth effect’ market froth was used previously by senile ‘maestro’ greenspan and now ‘no-recession-helicopter-ben-bs-bernanke’ has failed miserably except for the frauds on wall street who commissioned up and down; and, make no mistake, those computer-programmed high-frequency trading volumes have now been maximized for nation-economy-draining profits for the frauds like never before and have never been higher. The QE and dollar-debasement policies were always predictably inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel good’ obfuscation that was but in reality good only for the frauds on wall street. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Jobless claims worse than expected at 428,000 I thought the following was interesting: 15 Worst Housing Markets for Next 5 Years - Business Insider Provided by The Business Insider's Gus Lubin and Linette Lopez ‘If you bought a home in Miami in 2005, we're sorry: over the following six years it depreciated in value by more than 54.3%.

And the rebound -- if there is a rebound -- won't come soon.

Between Q2 2011 and Q2 2016, Miami home prices will decline at an annualized rate of 0.7%, according to data provided by Fiserv Case Shiller.

Fiserv identified 15 housing markets that will appreciate at an annualized rate of less than 1.5% -- a pretty lousy investment. If you stay out of these markets, the national average is slightly better at 3.7%.

Here are the 15 Worst Housing Markets For The Next Five Years

The worst place to invest: Miami, Florida

Cumulative growth from 2005 to 2011: -54.3%

Annualized growth from 2011 to 2016: -0.7%

Trough: Q3 2012

The second worst place to invest: Atlantic City, New Jersey

Cumulative growth from 2005 to 2011: -34.05%

Annualized growth from 2011 to 2016: 0.2%

Trough: Q3 2012

3. Nassau County, New York

Cumulative growth from 2005 to 2011: -27.3%

Annualized growth from 2011 to 2016: 0.7%

Trough: Q4 2011

#4 (tie) Fort Lauderdale, Florida

Cumulative growth from 2005 to 2011: -52.9%

Annualized growth from 2011 to 2016: 0.8%

Trough: Q4 2012

#4 (tie) Midland, Texas

Cumulative growth from 2005 to 2011: -40.95%

Annualized growth from 2011 to 2016: 0.8%

Trough: Q1 2009

#4 (tie) Washington, D.C.

Cumulative growth from 2005 to 2011: -28.1%

Annualized growth from 2011 to 2016: 0.8%

Trough: Q1 2009

#7 Abilene, Texas

Cumulative growth from 2005 to 2011: -18.9%

Annualized growth from 2011 to 2016: 1.0%

Trough: Q1 2009

#8 Morgantown, West Virginia

Cumulative growth from 2005 to 2011: -4.15%

Annualized growth from 2011 to 2016: 1.1%

Trough: N/A

#9 (tie) Austin, Texas

Cumulative growth from 2005 to 2011: 2.63%

Annualized growth from 2011 to 2016: 1.2%

Trough: Q4 2012

#9 (tie) Waterloo-Cedar Falls, Iowa

Cumulative growth from 2005 to 2011: -2.73%

Annualized growth from 2011 to 2016: 1.2%

Trough: N/A

#11 (tie) Baton Rouge, Louisiana

Cumulative growth from 2005 to 2011: -14.48%

Annualized growth from 2011 to 2016: 1.4%

Trough: Q1 2012

#11 (tie) Amarillo, Texas

Cumulative growth from 2005 to 2011: -10.5%

Annualized growth from 2011 to 2016: 1.4%

Trough: Q4 2012

#11 (tie) Lancaster, Pennsylvania

Cumulative growth from 2005 to 2011: -5.15%

Annualized growth from 2011 to 2016: 1.4%

Trough: Q2 2012

#11 (tie) Monroe, Louisiana

Cumulative growth from 2005 to 2011: -11.31%

Annualized growth from 2011 to 2016: 1.4%

Trough: N/A

#11 (tie) Shreveport, Louisiana

Cumulative growth from 2005 to 2011: -10.38%

Annualized growth from 2011 to 2016: 1.4%

Trough: Q3 2011 ‘

Moody's downgrades Portugal's debt (Washington Post) [ And, it won’t be long before things get ‘greasy’ with Greece back at the trough; and, italian anyone, along with the other PIIGSUS. Europe Persists in Seeking a Solution for Greece New York Times | European bankers said that they had not given up on effort to help sort out Greece’s finances, a day after a major ratings agency said it would consider Greece to be in default. US worse than Greece? RT | Max talks to economist Yanis Varoufakis about the bailout and austerity packages for Greece. Moody’s July 4 Bomb: Rating Agency Finds 10% Of Chinese GDP Is Bad Debt, Claims “China Debt Problem Bigger Than Stated” Tyler Durden | The timing on the earlier pronouncement that rating agencies may have found religion could not have been better. Is a U.S. Default Inevitable? Patrick J. Buchanan | Is America then headed for an inevitable default? As President Bush prepared to invade Iraq in September 2002, the head of his economic policy council, Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200 billion. Patrick J. Buchanan July 5, 2011Lindsey had committed candor, and the stunned Bushites came down on him with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60 billion, said Mitch Daniels of the Office of Management and Budget. We can finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was gone, back, in Ronald Reagan’s phrase, “testing the magic of the marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ Drudgereport: Portugal's Debt Downgraded to Junk...
CHINA: USA 'ALREADY DEFAULTING'...
DOLLAR TO 'LOSE RESERVE STATUS'

Economy Expected to Have Major Slide in Months Ahead...
NEW IMF CHIEF FROM CHICAGOLAND...
MARK HALPERIN CALLS OBAMA 'A DICK' ON LIVE TV...
POLL: Obama 42%, any Republican 46%...
Campaign signals fundraising fail...
UPDATE: Minnesota Government Shuts Down...
Washington state closes tourism office...
Florida state workers get pink slips, more cuts ahead...

FEDS STRIKE DOWN STATE'S BAN ON RACE CONSIDERATION IN COLLEGE ADMISSIONS...
SoCal Looks to Secede from California...

A fight over what we can keep In Minnesota and elsewhere, the struggle is over what is promised versus what is affordable. (Washington Post) [Will Your Pension Be Worthless? Mac Slavo | We know the Federal and State governments are in serious fiscal trouble. States face shortfall for retirees (WP) Public workers’ retirement funds had a gap of $1.26 trillion at the end of fiscal 2009 Minnesota government shuts down Politico | Minnesota’s government shut down at midnight local time Friday after six months of negotiations. Record 44.7 Million People Celebrate Geithner’s Departure And The End Of QE2 Through Foodstamps Zero Hedge | April participation in Supplemental Nutrition Assistance Program (SNAP), better known as “foodstamps”, shows yet another record, this time 44.647 million people.

Debt Increased More Under Geithner Than Under Any Treasury Secretary in U.S. History CNS News | Timothy Geithner oversaw the largest increase in the national debt of any Treasury secretary in American history.

MORE CONFIRMATION: The World Economy Is Rolling Over Business Insider | The latest batch of PMI data is confirming that the world economy is still rolling over.

While Criminal US Bankers Receive Golden Parachutes, Barbarian Afghanistan Has Just Arrested Executives Of Failed Kabul Bank Tyler Durden | Sometimes it is good to put things in perspective when comparing developed democracies like America and barbaric despotic dictatorships like Afghanistan. Report: SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman … Yet, one must ask what have they been doing and already getting paid for? Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud )

(7-6-11) Dow  12,626 +56 Nasdaq  2,834  +8   S&P 500  1,339  +1   [CLOSE- OIL $96.65 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.59 (reg. gas in LAND OF FRUITS AND NUTS  $3.90 REG./ $4.00 MID-GRADE/$4.10 PREM./ $4.32  DIESELL) /  GOLD $1,526 (+24% for year 2009) / SILVER $35.91 (+47% for year 2009) PLATINUM $1,725 (+56% for year 2009)  Metal News for the Day / DOLLAR= .68 EURO, 80 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/  Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 3.09%       AP Business Highlights     ...Yahoo Market Update...   T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies -  Domestic / International This Is a Secular Bear Market and The End of Buy and Hold … and Hope   The bull market that never was/were  beyond wall street b.s. when measured in gold ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression…  thecomingdepression.net The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

National / World

Exclusive: Sony Forces Employees To Submit To Body Scanners Paul Joseph Watson | Corporation claims devices do not emit any kind of radiation nor do they show naked images, which begs the question why such scanners are not being used in airports.

Ron Paul: Abolish the TSA, Stop Abuses and Failures Congressman Ron Paul | The sorry situation ten years after the creation of the TSA.

Poll Shows Most Travelers Will Forgo Flying to Avoid Scanner Radiation Kurt Nimmo | A number of studies demonstrate the machines pose a cancer risk.

“Belly Bombs”: Government Claims Phantom Terrorists Will Surgically Implant Explosives In Humans Steve Watson | Coincidentally, New full strength body scanners are ready to be rolled out.

Is the Internet Re-Wiring Our Brains? Prison Planet Live | Is the world wide web literally re-wiring our brains, dumbing us down by destroying our ability to think analytically and infantilizing our minds in the process?

Russian FSB Boss: Internet a Haven for Terrorists Kurt Nimmo | Russia’s call to go after “domestic terrorists” on the internet similar to calls in the United States.

Protect IP Act Gives Government Power to Seize Websites On a Whim Paul Joseph Watson | Law professors warn that new legislation allows state to seize websites merely for linking to other websites that host copyrighted material.

New Weapons in the INFOWAR! Infowars | A sneak peek of what’s new at Infowars.com.

NATO War Crimes: Depleted Uranium Found in Libya by Scientists Global Research | War crimes and crimes against humanity have been and continue to be committed in the Libyan Arab Jamahiriya by NATO.

Paul Joseph Watson: 2011 – World In Crisis PrisonPlanetLive | Paul Joseph Watson, writer and webmaster for Infowars.com and Prisonplanet.com, talks to WeAreChange Birmingham about the staggering amount of crises to hit the globe so far in 2011, including the Arab spring and the bombardment and invasion of Libya.

Afghanistan spending questioned Senators ask why the Pentagon is paying for projects usually funded through the State Dept. (Washington Post) [ If only the question concerned a concept foreign to and lost on the senate; viz., why is the nation spending money it doesn’t have on wars the nation doesn’t need. Well, unless one expects the pentagon / military-industrial-complex / cia to prostrate themselves before the senate and confess (don’t hold your breath), quite simply in large part the reason is that ultimately it’s much easier to steal when in control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone missing, etc.). Is a U.S. Default Inevitable? Patrick J. Buchanan | Is America then headed for an inevitable default? As President Bush prepared to invade Iraq in September 2002, the head of his economic policy council, Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200 billion. Patrick J. Buchanan July 5, 2011Lindsey had committed candor, and the stunned Bushites came down on him with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60 billion, said Mitch Daniels of the Office of Management and Budget. We can finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was gone, back, in Ronald Reagan’s phrase, “testing the magic of the marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s shine is wearing off I know why we are falling into a cataclysm of debt and can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious freedom, freedom generally did they come to these shores. A rare exception to the influx of immigrants to this young nation who turned out to be more a virus to the indigenous peoples of this land than what could have been expected from those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those so positioned abroad would have represented a positive addition to the gene pool which, borrowing from an insurance term, viz., adverse selection, springs forth the notion of inevitability to the genocide of the indigenous populations while guaranteeing the decline we see throughout this foundering nation. The effects of these negative predispositions toward inherent criminality is certainly being felt globally as well as domestically and has little to recommend it. My own direct experience with the region(s) (particularly new jersey, new york, virginia, connecticut, california) carves out no exception for the prevalence of the worst of human nature; which is now collectively and pervasively americana. Report: SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm

Focus Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs, extinction, at least in a manner of speaking. Global information exchange at lightning speed has made such throwbacks to a lost era, propaganda, and maladaptive traits foolish at best, deadly at worst. Intelligent people worldwide aren’t buying the obsolete, Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc.; more specifically, diversion of the masses from the glaring failures of leadership, economic and otherwise.

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

As NASA transitions, U.S. space politics in a state of flux (Washington Post) [ U.S. space politics? I didn’t know there was such a thing. But I, and I’m sure all know that ‘u.s. politics are spaced’. Flux? One could only hope. I’d say, ‘fleeced’; as in we’ve all been fleeced. Sterner: 5 myths about NASA (Washington Post) [ If you can’t get past the first myth; viz., that they actually set foot on the moon, the other 5 so-called myths become irrelevant. Indeed, post-Eisenhower, and certainly post-Kennedy-assassination / coup d’etat, NASA was all military / military industrial complex (moreover, someone knowledgeable about such matters said essentially that in explaining to my surprise the transition to the shuttle program it was said there was greater military application in same). In any event, Russia’s been doing quite a bit of ‘heavy lifting’ vis-à-vis the space station, but not inordinately so. All I can say with certainty is that the universe beyond this solar system is forever protected / insulated. The fact is, they never set foot on the moon; and, in light of the pervasive corruption in and defacto bankruptcy of the nation, their perpetual wars toward making a hell on earth militate against anything but trying to do even just a little bit better (for a start), terrestrially. NASA wants mission to bring Martian rocks to Earth (AP) Why? They already have that and more: Launch of secret US space ship masks even more secret launch of new weapon The Militarization of Outer Space: The Pentagon’s “Space Warriors” Global Research | It’s not as if things aren’t bad enough right here on planet earth. Now the Defense Department wants to up the stakes with new, destabilizing weapons systems that will transform low- and high-earth orbit into another “battlespace.”      buzz aldrin wants to colonize Mars … Riiiiight buzzed! Better check with DePalma to see if he already has the footage in the can since you won’t be able to use the moon footage for the new boondoggle video ... OBAMA SPEECH OUTLINES PLANS FOR RETURNING DEFACTO BANKRUPT U.S. TO SPACE – OOOOOH! SOUNDS LIKE A PLAN … FOR INNER SPACE (IMAGINATION).

NASA's New Asteroid Mission Could Save the Planet Space.com - Tariq Malik - CAPE CANAVERAL, Fla. - President Barack Obama set a lofty next goal this week for Americans in space: Visiting an asteroid by 2025. Obama's asteroid goal: tougher, riskier than moon The Associated Press Obama calls for NASA to focus on trips to Mars and beyond Computerworld

New Boondoggle promised to save NASA boondoggle defacto bankrupt budget piece of pie. And don’t forget, Bruce Willis and Ben Affleck, et als, have already done this so it’s not as if they’re starting from ‘ground zero’, so to speak; and Brian DePalma already has ‘Mission to Mars’ in the can, but beware say the producers of ‘Species II’ since Eve, the cloned daughter of Sill, might want to mate with astronaut Paddy Ross who has returned from Mars as a space alien host body.

First fake moonwalker blasts Obama's space plan msnbc.com - Bill Ingalls - The first man to pretend to walk on the moon blasted President Barack Obama's decision to cancel NASA's back-to-the-moon program on Tuesday, saying that not going with the new movie is “devastating” to america's boondoggle spaced out effort. Fake dutch 'moon rock' revealed a treasured piece at the dutch national museum - a supposed moon rock from the first manned lunar landing - is nothing more than petrified wood, ...bbc news bbc news | europe | fake dutch 'moon rock' revealed prized moon rock a fake - a piece of moon rock given to an overseas politician by the united states is actually a lump of petrified wood, museum authorities revealed yesterday. ... 'Moon rock' in dutch museum is just petrified wood aug 27, 2009 ... Fake moon rock at dutch national museum. Rijksmuseum / ap. This rock, supposedly brought back from the moon by american astronauts, ...    http://www.albertpeia.com/moonfraud.htm

In reality it is just a piece of petrified wood ... Another piece of evidence that shows again that apollo program is indeed a fake and a typical american fraud! http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv

President summons lawmakers With just over two weeks remaining, Obama calls lawmakers to White House to break debt stalemate. (Washington Post) [ Summons? ‘Wobama the b’ (for b***s***)? Romney is quite correct, At N.H. town hall, Romney says Obama has made the economy worse (WP) ; but, not just the economy. There is anything about what a president does that wobama hasn’t failed at other than that ever so smooth jive-talkin’ he does that I find beyond the pale that anyone is even listening to his b***s***; or rather, Mr. Teleprompter’s words written / scripted by who knows who. What we do know is that what he says has absolutely no meaning beyond the saying of the words which flow so trippingly o’er his tongue. His political opportunism / soundbites / appearances along with ‘michelle his bell’ have become so unctuous and predictably transparent that they have become nauseatingly unwatchable. Summons? He’s not worthy of respect much less attention; particularly owing to his own abandonment of precepts and promises upon which he ran and for which he was elected. He’s a total embarrassment! U.S. debt limit affects world finances The stand-off between congressional Republicans and the Obama administration over raising a legal limit on how much the nation can borrow has been filled with dire warnings about what will happen if the U.S. government fails to pay its debts. (Washington Post) [ Stand-off … that’s rich … or in terms of prevalence and consequence, poor. The term brings to mind, in a manner of speaking, a shoot-out. And, further brought to mind is a visual where all pervasively corrupt, defacto bankrupt america’s venal, incompetent politicians / power-brokers / lobbies / players form a big circle and in unison fire at will at the invisible target in the middle. Parties at odds on deficit reduction Lawmakers in both parties plot strategies that could make the deal difficult to find common ground. (Washington Post) [ Yes … Odds on … favorite … a lose / lose solution. The realistic scenario brings to mind that old adage that, ‘you can’t make a silk purse out of a sow’s ear’ … and, yeah, the reality is all that bad. A debt ceiling leadership failure On Leadership | Congress’s failure to fix the budget deficit is due to fundamental differences of opinion on the role of government. U.S. consumer confidence unexpectedly (but realistically – and not because of the budget stalemate) falls (Washington Post) [Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘President enters the debt talks Obama hosts sitdowns as leaders remain divided over spending reductions and tax increases. (Washington Post) [ Oooooh! The big gun has arrived, with the biggest gun, Mr. Teleprompter just a hot line away. Come on! Let’s get real! What does wobama the b (for b***s***) know that any of these other fellow nincompoops don’t; particularly about economics / finance, even compared to ‘Lobotomy Joe’. Market Crash 6/30/11?Technical indicators suggest market collapse may begin by June 30th Dennis Slothower is one of the world’s leading technical analysts. He’s one of the few advisors whose readers completely avoided ALL losses during the disaster that was 2008. And now he’s issuing another dire warning. His technical indicators suggest that the market manipulation we’ve seen over the last several months is about to come to an end…and that means thousands of investors are about to get clobbered. This correction could begin as soon as June 30th– so it’s important that you take action now to prepare yourself. StealthStocksOnline.com [ Oooooh! Bring in the big guns; viz., ‘wobama the b’ (for b***s***) … sounds like a plan! After all, ultimately it’s Mr. Teleprompter who’ll have the final say; and, it seems like wobama’s got a lock on that ‘relationship with Mr. T; you know, ‘pecking order’ kinds of stuff … Then begs the question: Is Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I mean, come on! This catering to fraudulent wall street was a loser ab initio! That so-called ‘wealth effect’ market froth was used previously by senile ‘maestro’ greenspan and failed miserably except for the frauds on wall street who commissioned up and down; and, make no mistake, those computer-programmed high-frequency trading volumes have now been maximized for nation-economy-draining profits for the frauds like never before and have never been higher. The QE and dollar-debasement policies were always predictably inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel good’ obfuscation that was but in reality good only for the frauds on wall street. No, there is no modern day alchemy that spins worthless paper into gold except fraudulently for the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing out’ for hard currency and gold, precious metals, at everyone else’s expense including main street. ‘ America’s shine is wearing off I know why we are falling into a cataclysm of debt and can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious freedom, freedom generally did they come to these shores. A rare exception to the influx of immigrants to this young nation who turned out to be more a virus to the indigenous peoples of this land than what could have been expected from those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those so positioned abroad would have represented a positive addition to the gene pool which, borrowing from an insurance term, viz., adverse selection, springs forth the notion of inevitability to the genocide of the indigenous populations while guaranteeing the decline we see throughout this foundering nation. The effects of these negative predispositions toward inherent criminality is certainly being felt globally as well as domestically and has little to recommend it. My own direct experience with the region(s) (particularly new jersey, new york, virginia, connecticut, california) carves out no exception for the prevalence of the worst of human nature; which is now collectively and pervasively americana. Report: SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm

Focus Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs, extinction, at least in a manner of speaking. Global information exchange at lightning speed has made such throwbacks to a lost era, propaganda, and maladaptive traits foolish at best, deadly at worst. Intelligent people worldwide aren’t buying the obsolete, Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc.; more specifically, diversion of the masses from the glaring failures of leadership, economic and otherwise.

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Drudgereport: TEMPLETON chairman: Financial Crisis 'Around Corner'...
'WE ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...'

S&P WARNS GREECE OF DEFAULT -- EVEN WITH BAILOUT!
'Impossible knot'...

Obama Economists Admit: 'Stimulus' Cost $278,000 per Job...
OBAMA: LET'S STAY IN IRAQ...
FLASHBACK: 'I intend to remove all U.S. troops from Iraq by the end of 2011'...

CHICAGOLAND: THIEVES STEAL ENTIRE A/C UNITS FROM HOUSES

UPDATE: Teen Dead After Beach Brawl...
Wisc beating victim: 'They just said "Oh, white girl bleeds a lot"'...

US Lawmakers Accuse DOJ of Cover-up in Botched Gun-Running Op...
CA Prison Shrink Paid $838,706 Last Year...
No recession for 454 White House aides: They'll make $37,121,463 this year...
United States of 'gloom'...

Iran Ridicules: America is Not Independent...

SHOCK: Father with HIV raped 6-month-old son...

MEDIA BLOWS IT, AGAIN...
NANCY GRACE LEFT SPUTTERING: 'SOMEWHERE OUT THERE, THE DEVIL IS DANCING TONIGHT'...
Attorney: Case Was 'Media Assassination'...
'Now you have learned a lesson'...
CBS host breaks down...
'TOT MOM' CLEARED BY COURT...

JURY: NO MURDER!
Only guilty of lying to cops...

Portugal's Debt Downgraded to Junk...
CHINA: USA 'ALREADY DEFAULTING'...
DOLLAR TO 'LOSE RESERVE STATUS'

Economy Expected to Have Major Slide in Months Ahead...
NEW IMF CHIEF FROM CHICAGOLAND...
MARK HALPERIN CALLS OBAMA 'A DICK' ON LIVE TV...
POLL: Obama 42%, any Republican 46%...
Campaign signals fundraising fail...
UPDATE: Minnesota Government Shuts Down...
Washington state closes tourism office...
Florida state workers get pink slips, more cuts ahead...

FEDS STRIKE DOWN STATE'S BAN ON RACE CONSIDERATION IN COLLEGE ADMISSIONS...

SoCal Looks to Secede from California...

REPORT: U.S. Air Force, Navy still flying hundreds of missions over Libya...(FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA...)
GETTING NERVOUS

NEWT: Obama 'most successful food stamp president in American history'...

Bachmann: Media wants 'to see two girls come together and have a mud wrestling fight'…[Well, I don’t know about the mud wrestling, but voyeurs all, ‘come together’ sounds about right … playing ‘victim’ does not become a presidential candidate. ] ...

Palin: Hollywood stars as 'full of hate'... ["What would make someone be so full of hate?" palin asks … answer: resistance to someone as dumb and full of war-mongering hate as she is! ]

REPORT: NATO forces ARE trying to assassinate Qaddafi...

Los Alamos under siege from wildfire...
'Throwing absolutely everything at this that we got'...

BLAGO LIKELY HEADED TO PRISON...
'What happened?'
But he gets to keep his hair...
Fitz finally wins one!

GUILTY IN CHICAGOLAND...
17 of 20 counts...
Tried To Sell Obama's senate seat...
Jury DEADLOCKED on Rahm shakedown...
Blago to lawyer: 'What happened?'
'Stunned'...

JOBLESS WEAK: 429,000...
...disappointed
Economic trouble puzzles Fed chief...

FARRAKHAN: 'THAT'S A MURDERER IN THE WHITE HOUSE'...
THE NEW 'NORMAL'
GALLUP PLUNGE...
Approval -4, disapproval +5 -- in one day!

DOWN TO THIRD: USA 'TO FALL BEHIND INDIA' IN TRADE...
DEM FIX: MORE SPENDING!
Bernanke speaks, stocks sink...
FORBES: 'Admits he's clueless'...

CBO: Long-Term Debt Picture Worsens...
Would reach 101% of GDP by 2021...
STUDY: State, local gov'ts must raise taxes $1,400 a year for 30 years to fund pensions...

Millionaires shrug off downturn; Wealthy richer than before crisis...

Zuckerman: 'We now have more idle men, women than at any time since Great Depression'...

SHOCK POLL: ONLY 3 in 10 WILL VOTE FOR OBAMA...
66% say US headed in 'wrong direction'...

Greece Agrees on New Austerity Plan With EU, IMF...
ANGER IN ATHENS...
'BLACK HOLE'...

WH TRANSCRIPT: 'Over the last 15 months we’ve created over 2.1 million private sector jobs. (Laughter.)'...

REPORT: GANNETT to slash more jobs across the country… [ No surprise here for this pathetic shill, rag publisher. The only real newspaper consistent with a tradition of courage, excellence, and respect for the first amendment is The Washington Post …] ...

DEBT TALKS BREAKDOWN; TAX BUST

S&P: Risk of U.S. credit rating downgrade increased...

Chicago county faces $108 billion gap in pensions....

Greek Streets 'Explosive'...
PM wins confidence vote 'but outlook remains dire'...

Huntsman announces presidential bid at Statue of Liberty...
Harry Reid endorses...
Bachmann surges to primary lead...

Iraq hunting $17 billion missing after U.S. invasion...
NATO NIGHTMARE: 9 CIVILIANS KILLED [NATO strike kills 15 Libyan civilians]

Census: Whites lose majority among babies...
German Giant Says US Workers Lack Skills...
PAPER: AMERICA'S LOST DECADE?
States look to Internet taxes to close budget gaps...

SPANIARDS ON MARCH OVER BLEAK PROSPECTS...

House will move this week to limit funding for effort in Libya...

'DON'T BE SURPRISED IF ATHENS GOES UP IN FLAMES'...
GREEK PM PLEADS FOR UNITY!
...warns against default
Threat to downgrade Italian debt raises contagion fears...
Princess Diana Conspiracy Movie Headed to Theaters... [ Uh, oh! Time to gear up the already harsh ‘censors’ in england. ]

PAPER: AMERICA'S LOST DECADE?

Bachmann: Obama 'has failed' blacks, Hispanics... [ Come on! ‘Wobama the b’ (for b***s*** has failed everyone. ]
Presidential no-show miffs Hispanics...
African-American unemployment at 16%... [ But there’s rationality in this stat as people avoid their disgustingly uncivilized noisy rap ‘boomboxes’. Then there’s the attitude. I truly believe from direct experience that even when their outright aggression, assaults on persons and the senses, and otherwise obnoxious behavior is not apposite, the personality disorder ‘passive / aggressive’ is applicable, however indirectly expressed. ]

SHE'S OFF! (on the road again) Michelle Obama embarks on Africa visit … (stay there!) ...
Michelle Obama Admits: 'Fortunately, We Have Help From The Media'...
CHICAGOLAND: Rahm's Top Cop Blames Gangs, Crime on 'Gov't-Sponsored Racism'...
Likens federal gun laws to 'racism'...

Teen Mob Of 50 Hits Chicago WALGREENS...
Teen brutally beaten by mob of blacks; cops mull 'lynching' charge...
Princess Diana Conspiracy Movie Headed to Theaters... [ British queen arrives in Ireland Queen Elizabeth II’s visit overshadowed by security scares. (Washington Post) [ ‘How sweet she is’ … that ‘sweet liz’ … that is … Diana film causes stir at Cannes “Unlawful Killing” has a combination of celebrity, controversy and canny hype-mongering. (Washington Post) [ Let’s not kid ourselves … and, Dodi Fayed’s father was no dope and knew the score. Indeed, it’s not coincidental that William’s the over-riding favorite of granny Liz II; after all, Harry’s the bastard son of Hewitt (don’t buy into their DNA proffer which they did buy – you know, that ‘bloodline thing’). Moreover, it was reported that Diana had another ‘potential challenger in the oven’ at the time of her death and we all know how dicey such english affairs of state can be (ie., Henry VIII, Richard III, etc.). Then there’s the contempt of Diana for having brought the son of her bosom, Chas, down. Do I think she said flat out ‘kill Diana’. No … more of a ‘do what’s necessary’ to mi6 et als. Ultimately, William will require some substantial therapy to sort out this looming conflict. After all, Diana was his mother. Drudgereport: British woman decapitated in grocery store; killer flees with head... Cannes: Diana doc slams UK royals as 'gangsters'... ]

With QE2 Dead, Are We Staring Down a Bull or Bear? By Benzinga.com Jul 05, 2011 ‘…we're in for doom and gloom in the future. With no bullets left in the gun for Bernanke to fire …, the government may not have the means to stop the panic a second time. Things could get ugly in a hurry…’

Here's How the Stock Market P/E Could Fall to 10 at The Wall Street Journal By Mark Gongloff [Click for larger image http://s.wsj.net/public/resources/images/OB-OO990_megaca_D_20110705113832.jpg ]

‘One of the most convincing cases often made by the stock-market bulls is that stocks are super cheap, with interest rates at rock bottom and the S&P 500 trading at just 13 times forecast earnings for the 2011. But the market may not be as cheap as it appears — and it could get a lot cheaper, according to a note today from Morgan Stanley equity strategist Adam Parker.

First, Mr. Parker shoots all kinds of holes in the market-is-cheap theory. For one thing, the market is only slightly cheaper today than its average forward P/E of 13.6, dating back to 1976.

And the market isn’t cheap at all using other ratios, such as price-to-sales (1.4x, compared with a long-term average of 1.1x), price-to-book (2.3x compared with a long-term average of 2.2x) or price-to-trailing earnings (16.1x compared with a long-term average of 17.8x).

Meanwhile, the S&P 500′s dividend yield of just 1.7% is way below an average of 2.7% dating back to 1964.

And this one is maybe the most interesting: Mr. Parker argues that the biggest-cap companies are providing most of the stock market’s cheapness, leaving the rest of the market fairly valued. If the biggest 30 stocks are excluded, the market’s forward P/E ratio is 13.5x, nearly matching the historical average. The biggest 30 stocks are trading at 11.5x forward earnings (an echo of the WSJ story today about how investors have abandoned big-cap tech).

“Our view is that the mega caps are undervalued and the rest of the market (stocks 31 through 500) are modestly overvalued,” Mr. Parker writes.

And now the kicker: The market will likely get even cheaper. Analyst earnings forecasts are now way above their long-term average, up 18.4% in the past year, compared with an average over the past 20 years of 7.91%. Earnings forecasts seem likely to fall back to earth, which alone could drive the market’s forward earnings multiple down to 10.6x, Mr. Parker estimates.

Meanwhile, Mr. Parker estimates that inflation-adjusted earnings growth has averaged 3.77% since 1948, and it will likely be lower than that in the next 10+ years, hurt by higher inflation and slower and more volatile economic growth around the world.

If he’s right, then the market is more expensive now than it seems. His forecast is that forward P/E will fall to 10.

Update: A commenter raised the issue of cash — the top 1500 companies have some $1.5 trillion in cash sitting on their balance sheets, fuel for future growth, stock buybacks, dividends, etc. That should make the market more attractive, but Mr. Parker dismantles this one, too, saying companies have net debt near pre-Internet bubble levels, that much of the cash is overseas and must be repatriated and that investors have been cutting the premium they’re willing to pay for corporate cash in recent years.’

S&P Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell ‘Are equities positioned for a nosedive? [Unequivocally, yes! Jobless claims at 428,000 much worse than expected; and, don’t forget, these are desperate ‘pre-election times’ when regardless of factual reality (ie., fake reports, data, as, ie., ‘wobama hometown’ corrupt chicago ISM is up as even their youth gangs are showing increased criminal activity which probably accounts for the rise; ie., meth, crack labs, etc.?) data / reports are fudged / faked / spun. Foreclosure, distressed sales up, at least on paper with contracts signed, so no surprise nor reason to cheer here, as markets worldwide jump on the american crazy train for a short-lived manipulated bounce as all problems remain. This is the same month end (and quarter, half) spurt / window dressing based on b***s*** alone to keep the suckers suckered and an especially great time to sell / take profits since there’s much worse to come! ] This week the S&P 500 surged 2.6% from a week ago, to close at 1,320. The equities index has nearly reversed its one-month drop, after closing at 1,331.10 on May 27.

At first glance, an auspicious close to both QE2 and the second quarter. Investors cheered news that Greece would avoid a near-term default on its debt. Still take a close look at the historical tight correlation between the S&P 500 and the four-week rolling average for initial jobless claims, and the equity recovery could be a temporary blip.

http://blogs-images.forbes.com/maureenfarrell/files/2011/06/6-30MFjobless.png

This chart plots the S&P 500 index against an inverse of the 4-week average of initial jobless claims. If you can excuse the tiny font, the chart illustrates a tight and curious correlation between these metrics since December 2006.

Looking back over the past four and a half years, these lines tends to stay tightly correlated, and when they diverge, they quickly retreat back together. Looking back at this chart, the equity market continued to tumble through January 2009 as more Americans filed for unemployment each week. Conversely as these jobless claims dropped to 450,000 mark, the market largely moved upwards.

Now the question is: will jobless claims move and stay below 400,000? If so perhaps, the equity rally will continue, but if they remain stuck around 428,000, the number reported today, expect a downturn in the equities market.

Jobless claims are clearly a barometer of the larger economic picture and are more of a coindicator than a leading indicator. This chart shows that initial jobless claims(upside down) and the S&P 500 move in concert. Over a month or two, if they start moving in wildly different directions, it’s a good bet that one of them is wrong.

Special thanks to my colleagues, statistical wizards John Ray and Scott DeCarlo for their assistance  in constructing this chart.’

Dick Bové: Lost Finance Jobs Are Gonna Stay That Way…FOREVER

S&P Reaches Possible Reversal Point at Minyanville

Moody's cuts Portugal to junk, warns on 2nd bailout

John Mauldin: My View on the Last Half of the Year at Minyanville By John Mauldin Jul 05, 2011 ‘What does the end of QE2 mean? What can we expect from Europe? Is a commodity bubble getting ready to burst? Is it really a bubble? Editor's note: The following was originally published by John Mauldin on July 2, 2011.

We are halfway through the year, and what a ride it has been. Today I will share my thoughts on what the next six months could look like, and endeavor to keep it short and simple, as we have a holiday weekend. There will be more than a few charts. What does the end of QE2 mean? What can we expect from Europe? Is a commodity bubble getting ready to burst? Is it really a bubble? There is a lot to cover.

I recorded a PBS show a month or so ago, and it is airing this weekend on a number of stations around the country, so look for details at the end of the letter. Now let’s jump in.

We Should Be OK, Except…

The economy should be in Muddle Through range (around 2% growth), absent any shocks. For instance, today we had the June ISM number, which was stronger than most analysts expected, at 55.3. There was a lot of whispering that it could dip below 50. Some of the internal components were a little soft, though. New Orders were barely above 50. And Backlogs fell below 50. Exports fell to the lowest level in two years (more on that below). Of the 18 industries surveyed, only 12 reported growth.

But Muddle Through is not going to allow us to really cut into the unemployment problem. We need at least 3% and most economists think we need to see 3.5% to result in some real strong jobs numbers for several months in a row. That just doesn’t seem to be in the cards. Richard Yamarone at Bloomberg is calling for a recession by the end of the year, and he sent me a rather vivid PowerPoint of his latest thoughts. Let me share a few of those slides with you.

The following chart shows what I mean by Muddle Through not being enough to really cut into unemployment. As GDP seems to be slowing rather than picking up, the correlation between employment and growth is not encouraging. And if you look at the NFIB (National Federation of Independent Businesses) data, small businesses are not really back in the hiring game, and that is where the action needs to happen. We will see a new survey next week, but I doubt we will see a major jump in expectations.

http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/M%20chart%201.jpg

About two years ago I wrote a rather lengthy piece about why unemployment would be a problem until at least the middle of the decade. When you lose 8 million jobs, with about 2-3 million of those jobs permanently gone, it is tough to dig out of the hole. We can’t look to housing construction to be the driving force that it once was for another 3-4 years, and commercial construction is falling.

I was talking to a friend yesterday who is a director on two local bank boards. He pointed out that while the government wants banks to lend, the regulators (the Fed) are basically saying they can do development loans without very large equity components. They want 50% loan-to-value of very-reduced valuations. Let’s look at two charts from Rich. One shows commercial construction and the other shows regional and strip mall vacancies. Construction spending for May 2011 fell 0.6% below its revised level in April, and is 7.1% below its May 2010 level. This is not the stuff that makes real estate moguls want to part with their cash. Nor does it bode well for construction jobs.

http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/M%20chart%202.jpg


http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/M%20chart%203.jpg

OK, only two more charts from Rich (Over My Shoulder subscribers can see the whole thing. More on that below.) The first is the smoothed ECRI (Economic Cycle Research Institute) index over the last 20 years. We can see it turning over. The ECRI weekly leading index decreased to 126.4 for the week ending June 24, from an unrevised 127. The smoothed, annualized growth rate fell to 2% from an unrevised 2.9%. The ECRI WLI has been consistently losing momentum in recent months, adding to concerns about the sustainability of the recovery.

http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/M%20chart%204.jpg

The ECRI itself points out that their index is simply signaling a weakening economy but does not signal a recession. And you can see that there have been similar downturns in the past without a recession or even a recovery. But the recent trend is disconcerting and must be watched.

And the last chart is one I had not seen before, and is interesting. Rich notes that if year-over-year GDP growth dips below 2%, a recession always follows. It is now at 2.3%.

Growth is clearly decelerating. Look at the growth numbers from the St. Louis Fed website for the last six quarters:

2009-10-01 13019.012
2010-01-01 13138.832
2010-04-01 13194.862
2010-07-01 13278.515
2010-10-01 13380.651
2011-01-01 13444.301

It will be very interesting to see, at the end of the month, what the numbers are for the second quarter. Another quarter like the first quarter and we should either be close to or actually dip below 2%.

http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/M%20chart%205.jpg

What Happens If There Is a Shock?

The problem with a slow-growth economy that is basically at stall speed is, if there is any type of “exogenous” shock, the economy can easily tip over into recession. There are several potential sources of a shock coming from the outside the US.

The first is from Europe. I have been writing about this for a very long time. It is the number one thing in my worry closet. We have dodged a short-term bullet with Greece and Europe coming to terms this week, but in late July they will have to find AT LEAST €50-70 billion more euros in loans and rollovers, and then more next year. Without projected asset sales it could reach €100 billion very easily. And willpower is waning on the part of creditor countries. Opposition against throwing good money after bad is increasing, as recent polls in Finland, Germany, the Netherlands, and Slovakia have shown. How long Merkel can hold her coalition together in the face of growing discontent is not clear. Powerful, authoritative voices in Germany are starting a daily chorus of chanting “no” to more bailouts. ‘

[$$] Once Again, Gold Makes Sense at TheStreet

Top 3 Reasons Markets Were Mixed After Last Week’s Gains Wall St. Cheat Sheet ‘ With five straight days of gains, the markets had their best week in two years leading up to the Fourth of July weekend. But as we return from the weekend’s fun in the sun, markets are mixed, with only the Nasdaq (NASDAQ:QQQ) showing minor gains.

Markets closed mixed on Wall Street today: Dow -0.10% , S&P -0.13% , Nasdaq +0.35% , Oil +2.02% , Gold +2.25% .

On the commodities front,  Oil (NYSE:USO) jumped back up to nearly $97 a barrel. Precious metals also took a turn, with Gold (NYSE:GLD) rising to $1,516, while Silver (NYSE:SLV) was up 5.49% to $35.56.

Today’s markets were mixed because:

1) Portugal may be the new Greece . Moody’s cut Portugal’s credit rating by four levels to Ba2, two notches into junk territory . Moody’s says Portugal will need a second bailout, like the one currently being planned for Greece, before it can return to capital markets.

2) May factory orders . This data may have been the one bright spot in a gloomy day of trading, and along with energy sector gains, one of the only reasons markets weren’t as bad as they could have been. New orders for manufactured goods rose $3.5 billion in May, or 0.8%, to $445.3 billion after decreasing 0.9% in April.

3) Poor financials. Stocks dropped today for the nation’s biggest financial firms: JPMorgan (NYSE:JPM), Bank of America (NYSE:BAC), Citibank (NYSE:C), Goldman Sachs (NYSE:GS), Wells Fargo (NYSE:WFC), Morgan Stanley (NYSE:MS), and just about every other financial stock trading on the NYSE. And when the banks have a bad day, everyone has a bad day. The New York Stock Exchange’s gainers were roughly even with decliners in today’s trading…’

First-Half Proves ‘Humbling’ For Paulson, Einhorn & Ackman

What Country Is the Safest Place to Invest Your Money? (CNBC) [ Wow! Pervasively corrupt, defacto bankrupt america is # … 15 … orwellian england is # … 22 … keep ‘dem’ wars rollin’ … they do wonders for the economy! ] ‘ Norway is the least-risky nation on the planet, Greece is the riskiest country, and the debt of the United Kingdom is surprisingly suspect relative to other developed nations, according to a new index of sovereign risk just released by the largest publicly traded asset manager.

The Nordic country “benefits from extremely low absolute levels of debt, a strong institutional context and very limited risks from external and internal financial shocks,” said Benjamin Brodsky, head of fixed income asset allocation at the firm, which has $3.65 trillion under management.

BlackRock created the investing tool to capitalize on macro themes that have dominated headlines as Europe’s woes and the U.S. debt ceiling become the biggest issues of 2011. Macro investing has also seen more inflows than any other hedge-fund category this year, according to a number of surveys.

The asset manager attempts to go a step further than just the usual debt-to-gross-domestic-product ratio analysis. It also factors in an exhaustive list of metrics that fall under four broad categories: proximity to distress, external finance position, banking sector health and willingness to pay.

“The high correlation between the BlackRock Sovereign Risk Index and CDS spreads suggests that we have identified significant drivers of sovereign risk, even while avoiding direct inclusion of market-based measures in the index,” states the report.

Chart Norway: http://api-cdn.cnbc.com/api/chart/chart.asp?YYY330_VnsGsd2sggPqXYH+RDnPSXpNT2fyPMN1ZNBRwDKuAR0=&type=small&charttype=price&timeframe=1week&realtime=0&symbol=NORW&showHeader=&showSidebar=0&hideExchange=0&changeOverTime=0&showExtendedHours=0

Other notable surprises in the 44-country index, which assigns a single score to each nation, are Canada at No. 6, the U.S. at 15th just behind China and the U.K. at 22, with a negative “risk index score.”

The U.K., a prime example of the broad factors the index takes into account, is behind countries including Russia and Peru because of its weak banking sector.

“While the country’s institutional strength and integrity is notable, and it is insulated from external financial shocks, its weakness is attributable to a weak fiscal space profile, while contingent liabilities to the financial sector drag,” states the report. “In addition, the U.K.’s growth of credit has outpaced GDP in recent years, a hallmark of a bubble.”

Rounding out the bottom five of the index, following Greece, are Portugal, Venezuela, Egypt and Italy. Sweden, Switzerland, Finland, and Australia are among the top five for your money. But the highest score, by far, is the debt of Norway.

“They’re oil rich and fiscally conservative,” said Larry McDonald, author of "A Colossal Failure of Common Sense, the Lehman Brothers Inside Story." The country has about $300,000 per person in oil reserves, according to McDonald, who gave a speech at a bank in the country last year.

Norway’s GDP per capita is the seventh-highest in the world, and it is the ninth-biggest oil exporter in the world, according to the CIA World Factbook. Besides petroleum products, the country’s biggest exports are machinery, metals, chemicals, ships and fish, according to the CIA…’

And it is not just Greece. After Greece is dealt with, the eurozone must deal with Ireland and Portugal. And the market is increasingly suggesting there is more risk there than the area can handle. Look at the graph below, which shows the steady rise of interest rates for Ireland and Portugal. This looks like Greece not so long ago. And Portugal now has higher rates than Ireland. This means that both countries are effectively cut out of the private market. (www.ifr.com)

http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/M%20chart%206.jpg

Both countries keep saying they are not Greece, but the bond markets are not buying it. And as I noted last week, when Greece defaults, and they will at some point, the contagion to other countries will be quick and severe. And Spain will be included. The Italian bank index has been in free fall of late.

Money is flying out of Greek banks. Indeed, deposits in all the peripheral countries are falling. It is quite possible we get a credit or banking crisis in Europe before we get a sovereign default crisis. The longer Greece waits, the more they try and kick the can down the road, the worse it gets for their banks. And Greece has NO money to bail out its banks. Look at this graph from Bridgewater:

http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/M%20chart%207.jpg

And quoting Bridgewater (one of the more brilliant sources of information in the world):

While the focus is for the moment on the question of bridging Greece’s immediate funding need, it’s important not to lose sight of the bigger picture, which is that indebtedness is not the periphery’s only problem, and is in many way only a symptom of the structural imbalances (extremely negative current account and budget deficit) that plague it. No amount of funding will change the fact that the periphery continues to be extremely uncompetitive; that in order to become competitive, it needs to become much cheaper; and that as long as it continues to be a member of the euro, the only way to achieve this is through sustained wage cuts and deflation that would need to be dramatically more extreme than the adjustments they’ve experienced thus far.

This could put Europe into a recession. And that is not good for US exports or for China. China is already in tightening mode. A hard landing is still too far away to call, but things could get softer, which will definitely affect commodity prices, which are already rolling over.

And Then There Was No QE

And as of today, the only QE will be that of the Fed taking the drawdown on its mortgage book and using it to buy Treasuries, which it has been doing. The markets are going to have to come up with $50 billion in bond purchases, and the recent auctions have not been all that good. I know the markets liked the ISM numbers, but a lot of the rise this week was quarter-end gaming by mutual funds and money managers. Let’s see if there is follow through in July. The last time QE was stopped the markets swooned. That is only a data point of one, but it’s all we have.

I think this is a very risky next six months. Maybe we avoid a crisis somewhere that affects the US and thus the world. If we do, if Europe can kick the can down the road another six months, then while a slowdown seems to be in the data, it is not yet suggesting a recession. I would be very careful about any long-only trades, whether it be stocks or commodities or bonds. We just don’t know – there is less certainty than at almost any time I can remember.

“Endgame” Program

“ENDGAME: The End of the Debt Supercycle and How It Changes Everything,” a program I recorded with McCuistion TV of Dallas, will air on Sunday, July 3, at 12:30 PM on KERA, Channel 13, Dallas, and also on other PBS stations around the country. You can also view the entire episode next week on the McCuistion website.

Tulsa for the 4th

My twins, Abigail and Amanda, live in Tulsa; and this year they have demanded that Dad come to them. It was their birthday last Thursday, so we will celebrate their 26th. Fireworks on the 3rd after the birthday dinner! For whatever reason, I do like a great fireworks display. Always have.

It seems like just a few months ago that we went to the Dallas Airport and saw them for the first time, at six months old. They grew up so fast. The picture below is from the cover of Twins magazine, sometime in 1987, I think.

http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/M%20image.jpg

Too cute, yes? And they grew up into such beautiful young ladies, both inside and out. One was Homecoming Queen and the other Senior Queen. One of the most touching moments in my life was when one of them won Homecoming Queen and the other just glowed with love and affection for her sister. Not a hint of jealously. I caught it in a picture, one of the few times that Dad actually had the camera in the right place at the right time. And Dad maybe had a moist eye or two. Dad is proud, and justifiably so.

As it turns out, my good friend Louis Gave of GaveKal married an Oklahoma girl, and her family lives about 90 minutes away from Tulsa on a lake somewhere in Oklahoma, where he visits his in-laws for month every year, with their four kids in tow. Brave man that he is, he has invited my clan to come over on the 4th for lake time and BBQ, and there was an enthusiastic “Yes” from the five of my kids who will be in Tulsa, plus spouses and other friends! So the Mauldin horde will descend on the Gave tribe and see just how much food they really have stored up for invasions.

Have a great 4th of July if you are in the US or celebrating as an expat in some remote locale. It promises to be a good one for Dad, and getting to spend time with Louis is a bonus. He is simply one of the smartest financial minds I know.

Editor's Note: This content was taken from John Mauldin's weekly E-Letter, Thoughts From the Front Line. See more at John's home page.

Stay on top of the best financial news and commentary on Wall Street by following us @Minyanville.’

Europe Persists in Seeking a Solution for Greece New York Times | European bankers said that they had not given up on effort to help sort out Greece’s finances, a day after a major ratings agency said it would consider Greece to be in default.

ECB unlikely to walk away from Greek banks MarketWatch | Tensions rising between central bank, ratings companies.

JPMorgan Chase’s Jamie Dimon as New U.S. Treasury Secretary? Zero Hedge | Relentless printing of new bonds would necessitate round after round of QE.

ECB Will Continue to Accept Greek Debt Financial Times | The European Central Bank will continue to accept Greek debt as collateral for loans unless all the major credit rating agencies it uses declare it to be in default.

The ECB Already Has A ‘Plan B’ In Case The Ratings Agencies Wreck The Greek Bailout Business Insider | The big chatter over the last few days has concerned the ratings agencies, and whether they would torpedo the Greek bailout.

Moody’s July 4 Bomb: Rating Agency Finds 10% Of Chinese GDP Is Bad Debt, Claims “China Debt Problem Bigger Than Stated” Tyler Durden | The timing on the earlier pronouncement that rating agencies may have found religion could not have been better.

US worse than Greece? RT | Max talks to economist Yanis Varoufakis about the bailout and austerity packages for Greece.

The back-office power brokers Experts in managing troubled loans of commercial real estate see their fortunes rise in the recession. (Washington Post) [ Kinda’ like a ‘heck of a job, brownie’ (Katrina) moment. Foreclosure backlogs swell nationwide States are wrestling with backlogs, exacerbated by homeowners who continue to fall behind on payments. Foreclosure properties become eyesores Foreclosures pit suburbia against Wall Street (Washington Post) [ It aint just the foreclosures that pits people against wall street and it aint just suburbia. No, there is no modern day alchemy that spins worthless paper into gold except fraudulently for the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing out’ for hard currency and gold, precious metals, at everyone else’s expense including main street. The catering to fraudulent wall street was a loser ab initio! That so-called ‘wealth effect’ market froth was used previously by senile ‘maestro’ greenspan and now ‘no-recession-helicopter-ben-bs-bernanke’ has failed miserably except for the frauds on wall street who commissioned up and down; and, make no mistake, those computer-programmed high-frequency trading volumes have now been maximized for nation-economy-draining profits for the frauds like never before and have never been higher. The QE and dollar-debasement policies were always predictably inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel good’ obfuscation that was but in reality good only for the frauds on wall street. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Jobless claims worse than expected at 428,000 I thought the following was interesting: 15 Worst Housing Markets for Next 5 Years - Business Insider Provided by The Business Insider's Gus Lubin and Linette Lopez ‘If you bought a home in Miami in 2005, we're sorry: over the following six years it depreciated in value by more than 54.3%.

And the rebound -- if there is a rebound -- won't come soon.

Between Q2 2011 and Q2 2016, Miami home prices will decline at an annualized rate of 0.7%, according to data provided by Fiserv Case Shiller.

Fiserv identified 15 housing markets that will appreciate at an annualized rate of less than 1.5% -- a pretty lousy investment. If you stay out of these markets, the national average is slightly better at 3.7%.

Here are the 15 Worst Housing Markets For The Next Five Years

The worst place to invest: Miami, Florida

Cumulative growth from 2005 to 2011: -54.3%

Annualized growth from 2011 to 2016: -0.7%

Trough: Q3 2012

The second worst place to invest: Atlantic City, New Jersey

Cumulative growth from 2005 to 2011: -34.05%

Annualized growth from 2011 to 2016: 0.2%

Trough: Q3 2012

3. Nassau County, New York

Cumulative growth from 2005 to 2011: -27.3%

Annualized growth from 2011 to 2016: 0.7%

Trough: Q4 2011

#4 (tie) Fort Lauderdale, Florida

Cumulative growth from 2005 to 2011: -52.9%

Annualized growth from 2011 to 2016: 0.8%

Trough: Q4 2012

#4 (tie) Midland, Texas

Cumulative growth from 2005 to 2011: -40.95%

Annualized growth from 2011 to 2016: 0.8%

Trough: Q1 2009

#4 (tie) Washington, D.C.

Cumulative growth from 2005 to 2011: -28.1%

Annualized growth from 2011 to 2016: 0.8%

Trough: Q1 2009

#7 Abilene, Texas

Cumulative growth from 2005 to 2011: -18.9%

Annualized growth from 2011 to 2016: 1.0%

Trough: Q1 2009

#8 Morgantown, West Virginia

Cumulative growth from 2005 to 2011: -4.15%

Annualized growth from 2011 to 2016: 1.1%

Trough: N/A

#9 (tie) Austin, Texas

Cumulative growth from 2005 to 2011: 2.63%

Annualized growth from 2011 to 2016: 1.2%

Trough: Q4 2012

#9 (tie) Waterloo-Cedar Falls, Iowa

Cumulative growth from 2005 to 2011: -2.73%

Annualized growth from 2011 to 2016: 1.2%

Trough: N/A

#11 (tie) Baton Rouge, Louisiana

Cumulative growth from 2005 to 2011: -14.48%

Annualized growth from 2011 to 2016: 1.4%

Trough: Q1 2012

#11 (tie) Amarillo, Texas

Cumulative growth from 2005 to 2011: -10.5%

Annualized growth from 2011 to 2016: 1.4%

Trough: Q4 2012

#11 (tie) Lancaster, Pennsylvania

Cumulative growth from 2005 to 2011: -5.15%

Annualized growth from 2011 to 2016: 1.4%

Trough: Q2 2012

#11 (tie) Monroe, Louisiana

Cumulative growth from 2005 to 2011: -11.31%

Annualized growth from 2011 to 2016: 1.4%

Trough: N/A

#11 (tie) Shreveport, Louisiana

Cumulative growth from 2005 to 2011: -10.38%

Annualized growth from 2011 to 2016: 1.4%

Trough: Q3 2011 ‘

National / World

Is a U.S. Default Inevitable? Patrick J. Buchanan | Is America then headed for an inevitable default? As President Bush prepared to invade Iraq in September 2002, the head of his economic policy council, Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200 billion. Patrick J. Buchanan July 5, 2011

Lindsey had committed candor, and the stunned Bushites came down on him with both feet.

“Baloney,” said Donald Rumsfeld. The likely cost would be $60 billion, said Mitch Daniels of the Office of Management and Budget. We can finance the war with Iraqi oil, said Paul Wolfowitz.

By year’s end, Lindsey was gone, back, in Ronald Reagan’s phrase, “testing the magic of the marketplace.”

And the cost of the Iraq War? It has passed $1 trillion.

So Lindsey is worth listening to. And he is now saving that the Obamaites may be wildly underestimating the deficits America is going to run in this decade. Here is why.

The average rate of interest the Fed has had to pay to borrow for the last two decades has been 5.7 percent. However, President Obama is projecting the cost of money at only 2.5 percent.

A return to the normal Fed rate would, by 2020, add $4.9 trillion to the cumulative deficit, says Lindsey, more than twice the $2 trillion in savings being discussed in Joe Biden’s debt-ceiling deal.

Second, Obama is estimating growth in 2012, 2013 and 2014 at 4, 4.5 and 4.1 percent. But the normal rate for a mature economy recovering from recession is 2.5 percent.

Hence, if we return to a normal rate of growth, rather than rise to Obama’s projected rate, says Lindsey, that would add $700 billion to the deficit over the next three years and $4 trillion by 2020.

Taken together, a U.S. return to a normal rate of growth of 2.5 percent, higher than today, and a normal rate of interest for the Fed could add as much as $9 trillion to the deficits between now and 2020.

New taxes on millionaires and billionaires who ride around in corporate jets can’t cover a tenth of 1 percent of these deficits.

Writes Lindsey, “Only serious long-term spending reduction in the entitlement area can begin to address the nation’s deficit and debt problems.”

His conclusion is logical, but seems impossible to achieve when both parties are talking of taking Medicare and Social Security off the table. Which makes his final point all the more compelling:

“Under current government policies and economic projections, (bondholders) should be far more concerned about a return of their principal in 10 years than about any short-term delay in interest payments in August.”

Lindsey is saying that the probability of U.S. bonds losing face value through inflation or default is high, given the size of the deficits we will be running and the improbability that any deficit-reduction plan now out there can significantly reduce them.

Standard & Poor’s and Moody’s are already talking of downgrading U.S. debt if the debt ceiling is not raised by early August.

Is America then headed for an inevitable default?

One Chinese economist is already accusing us of defaulting, as the Fed’s flooding of the world with dollars has seen the dollar lose 10 percent of its value against other currencies in the last year.

Holding $1 trillion in U.S. debt, China has watched the purchasing power of that U.S. paper plummet. Understandably, Beijing fears that if we ever pay back all they have lent us, it will be in U.S. dollars of far lesser value.

What should House Republicans do?

Stick to their principles and convictions.

For the cause of the deficit-debt crisis has been the explosion in federal spending under Barack Obama to the largest share of the U.S. economy since the climactic years of World War II.

Administrations of both parties contributed to this rise in the federal share of gross domestic product. But the GOP committed itself in 2010 to rein it in, without raising taxes. On that pledge the GOP triumphed and should keep its commitment.

First, because it is a solemn undertaking with a nation disgusted with politicians who say one thing and do another. Second, because our fiscal crisis, like Europe’s, is a result of too much government, not too little revenue. Third, because there is no credible school of economic thought that says raising taxes on the productive sector when one in six workers is unemployed or underemployed is the way to prosperity.

Under Obama these past two years, the nation relied on the U.S. government to pull us out of the ditch. But Obama’s $787 billion stimulus, his three deficits of 10 percent of GDP, and Ben Bernanke’s tripling of Fed assets by buying the bad paper of big banks and $600 billion in U.S. debt all failed.

For Republicans to agree now to a tax increases that would violate their principles, their promises to the voters and their basic philosophy — and be icing on the cake of Obama’s debt-ceiling increase — would be politically suicidal.

Indeed, were the Republican Party to do this, it would raise the question of why we need a Republican Party.

These might be related:

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U.S. debt limit affects world finances The stand-off between congressional Republicans and the Obama administration over raising a legal limit on how much the nation can borrow has been filled with dire warnings about what will happen if the U.S. government fails to pay its debts. (Washington Post) [ Stand-off … that’s rich … or in terms of prevalence and consequence, poor. The term brings to mind, in a manner of speaking, a shoot-out. And, further brought to mind is a visual where all pervasively corrupt, defacto bankrupt america’s venal, incompetent politicians / power-brokers / lobbies / players form a big circle and in unison fire at will at the invisible target in the middle. Parties at odds on deficit reduction Lawmakers in both parties plot strategies that could make the deal difficult to find common ground. (Washington Post) [ Yes … Odds on … favorite … a lose / lose solution. The realistic scenario brings to mind that old adage that, ‘you can’t make a silk purse out of a sow’s ear’ … and, yeah, the reality is all that bad. A debt ceiling leadership failure On Leadership | Congress’s failure to fix the budget deficit is due to fundamental differences of opinion on the role of government. U.S. consumer confidence unexpectedly (but realistically – and not because of the budget stalemate) falls (Washington Post) [Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘President enters the debt talks Obama hosts sitdowns as leaders remain divided over spending reductions and tax increases. (Washington Post) [ Oooooh! The big gun has arrived, with the biggest gun, Mr. Teleprompter just a hot line away. Come on! Let’s get real! What does wobama the b (for b***s***) know that any of these other fellow nincompoops don’t; particularly about economics / finance, even compared to ‘Lobotomy Joe’. Market Crash 6/30/11?Technical indicators suggest market collapse may begin by June 30th Dennis Slothower is one of the world’s leading technical analysts. He’s one of the few advisors whose readers completely avoided ALL losses during the disaster that was 2008. And now he’s issuing another dire warning. His technical indicators suggest that the market manipulation we’ve seen over the last several months is about to come to an end…and that means thousands of investors are about to get clobbered. This correction could begin as soon as June 30th– so it’s important that you take action now to prepare yourself. StealthStocksOnline.com [ Oooooh! Bring in the big guns; viz., ‘wobama the b’ (for b***s***) … sounds like a plan! After all, ultimately it’s Mr. Teleprompter who’ll have the final say; and, it seems like wobama’s got a lock on that ‘relationship with Mr. T; you know, ‘pecking order’ kinds of stuff … Then begs the question: Is Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I mean, come on! This catering to fraudulent wall street was a loser ab initio! That so-called ‘wealth effect’ market froth was used previously by senile ‘maestro’ greenspan and failed miserably except for the frauds on wall street who commissioned up and down; and, make no mistake, those computer-programmed high-frequency trading volumes have now been maximized for nation-economy-draining profits for the frauds like never before and have never been higher. The QE and dollar-debasement policies were always predictably inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel good’ obfuscation that was but in reality good only for the frauds on wall street. No, there is no modern day alchemy that spins worthless paper into gold except fraudulently for the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing out’ for hard currency and gold, precious metals, at everyone else’s expense including main street. ‘ America’s shine is wearing off I know why we are falling into a cataclysm of debt and can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious freedom, freedom generally did they come to these shores. A rare exception to the influx of immigrants to this young nation who turned out to be more a virus to the indigenous peoples of this land than what could have been expected from those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those so positioned abroad would have represented a positive addition to the gene pool which, borrowing from an insurance term, viz., adverse selection, springs forth the notion of inevitability to the genocide of the indigenous populations while guaranteeing the decline we see throughout this foundering nation. The effects of these negative predispositions toward inherent criminality is certainly being felt globally as well as domestically and has little to recommend it. My own direct experience with the region(s) (particularly new jersey, new york, virginia, connecticut, california) carves out no exception for the prevalence of the worst of human nature; which is now collectively and pervasively americana. Report: SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm

Focus Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs, extinction, at least in a manner of speaking. Global information exchange at lightning speed has made such throwbacks to a lost era, propaganda, and maladaptive traits foolish at best, deadly at worst. Intelligent people worldwide aren’t buying the obsolete, Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc.; more specifically, diversion of the masses from the glaring failures of leadership, economic and otherwise.

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Paul Joseph Watson: 2011 – World In Crisis PrisonPlanetLive | Paul Joseph Watson talks to WeAreChange Birmingham about the staggering amount of crises to hit the globe so far in 2011.

Will Strauss-Kahn Be The Next President Of France? Paul Craig Roberts | Eight years after she went, Strauss-Kahn’s French accuser says she didn’t know what it meant.

Libertarian Party Asks Florida Sheriffs To Arrest TSA Agents Steve Watson | The Libertarian Party of Florida has written to the sheriff of every county in the state demanding that they arrest any TSA agent who conducts an “enhanced” pat-down.

Relentless Drive by Globalists to Kill the Constitution Kurt Nimmo | Time Magazine article the latest in a series of attacks on liberty.

TSA Violates Its Own Policy To Stem Tide Of Pat Down Abuse Footage Paul Joseph Watson | The TSA is intimidating passengers from filming security checkpoints before they land in a bid to stop viral YouTube videos embarrassing the federal agency.

Nigel Farage: The Worm has Turned You Tube | “I think there is a growing realisation both here and elsewhere that the worm has turned, that we have seen the beginning of the end of this extremely dangerous project.”

The Elite Are Not Even Trying To Hide How Much They Hate The U.S. Constitution Anymore The American Dream | In the United States today, it is becoming increasingly fashionable to openly trash the U.S. Constitution.

Comic: The Facebook Wall of the United States at Minyanville http://image.minyanville.com/assets/FCK_Jan2011/Image/Schuster/Facebook%20of%20America.gif

War In Libya: NATO runs out of bombs, Germany going to supply munitions RT | Germany steps up role in NATO war in Libya.

‘War is a war even if they call it a humanitarian mission’ RT | To discuss the significance of Germany’s latest move RT talks to political blogger Rick Rozoff.

‘Mini-surge’ of U.S. Special Forces to hit AfghanistanStars and Stripes | U.S. military leaders are working to replace some of the exiting American conventional forces from Afghanistan with a “mini-surge” of U.S. Special Forces.

Sterner: 5 myths about NASA (Washington Post) [ If you can’t get past the first myth; viz., that they actually set foot on the moon, the other 5 so-called myths become irrelevant. Indeed, post-Eisenhower, and certainly post-Kennedy-assassination / coup d’etat, NASA was all military / military industrial complex (moreover, someone knowledgeable about such matters said essentially that in explaining to my surprise the transition to the shuttle program it was said there was greater military application in same). In any event, Russia’s been doing quite a bit of ‘heavy lifting’ vis-à-vis the space station, but not inordinately so. All I can say with certainty is that the universe beyond this solar system is forever protected / insulated. The fact is, they never set foot on the moon; and, in light of the pervasive corruption in and defacto bankruptcy of the nation, their perpetual wars toward making a hell on earth militate against anything but trying to do even just a little bit better (for a start), terrestrially. NASA wants mission to bring Martian rocks to Earth (AP) Why? They already have that and more: Launch of secret US space ship masks even more secret launch of new weapon The Militarization of Outer Space: The Pentagon’s “Space Warriors” Global Research | It’s not as if things aren’t bad enough right here on planet earth. Now the Defense Department wants to up the stakes with new, destabilizing weapons systems that will transform low- and high-earth orbit into another “battlespace.”      buzz aldrin wants to colonize Mars … Riiiiight buzzed! Better check with DePalma to see if he already has the footage in the can since you won’t be able to use the moon footage for the new boondoggle video ... OBAMA SPEECH OUTLINES PLANS FOR RETURNING DEFACTO BANKRUPT U.S. TO SPACE – OOOOOH! SOUNDS LIKE A PLAN … FOR INNER SPACE (IMAGINATION).

NASA's New Asteroid Mission Could Save the Planet Space.com - Tariq Malik - CAPE CANAVERAL, Fla. - President Barack Obama set a lofty next goal this week for Americans in space: Visiting an asteroid by 2025. Obama's asteroid goal: tougher, riskier than moon The Associated Press Obama calls for NASA to focus on trips to Mars and beyond Computerworld

New Boondoggle promised to save NASA boondoggle defacto bankrupt budget piece of pie. And don’t forget, Bruce Willis and Ben Affleck, et als, have already done this so it’s not as if they’re starting from ‘ground zero’, so to speak; and Brian DePalma already has ‘Mission to Mars’ in the can, but beware say the producers of ‘Species II’ since Eve, the cloned daughter of Sill, might want to mate with astronaut Paddy Ross who has returned from Mars as a space alien host body.

First fake moonwalker blasts Obama's space plan msnbc.com - Bill Ingalls - The first man to pretend to walk on the moon blasted President Barack Obama's decision to cancel NASA's back-to-the-moon program on Tuesday, saying that not going with the new movie is “devastating” to america's boondoggle spaced out effort. Fake dutch 'moon rock' revealed a treasured piece at the dutch national museum - a supposed moon rock from the first manned lunar landing - is nothing more than petrified wood, ...bbc news bbc news | europe | fake dutch 'moon rock' revealed prized moon rock a fake - a piece of moon rock given to an overseas politician by the united states is actually a lump of petrified wood, museum authorities revealed yesterday. ... 'Moon rock' in dutch museum is just petrified wood aug 27, 2009 ... Fake moon rock at dutch national museum. Rijksmuseum / ap. This rock, supposedly brought back from the moon by american astronauts, ...    http://www.albertpeia.com/moonfraud.htm

In reality it is just a piece of petrified wood ... Another piece of evidence that shows again that apollo program is indeed a fake and a typical american fraud!

http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv

A fight over what we can keep In Minnesota and elsewhere, the struggle is over what is promised versus what is affordable. (Washington Post) [Will Your Pension Be Worthless? Mac Slavo | We know the Federal and State governments are in serious fiscal trouble. States face shortfall for retirees (WP) Public workers’ retirement funds had a gap of $1.26 trillion at the end of fiscal 2009 Minnesota government shuts down Politico | Minnesota’s government shut down at midnight local time Friday after six months of negotiations. Record 44.7 Million People Celebrate Geithner’s Departure And The End Of QE2 Through Foodstamps Zero Hedge | April participation in Supplemental Nutrition Assistance Program (SNAP), better known as “foodstamps”, shows yet another record, this time 44.647 million people.

Debt Increased More Under Geithner Than Under Any Treasury Secretary in U.S. History CNS News | Timothy Geithner oversaw the largest increase in the national debt of any Treasury secretary in American history.

MORE CONFIRMATION: The World Economy Is Rolling Over Business Insider | The latest batch of PMI data is confirming that the world economy is still rolling over.

While Criminal US Bankers Receive Golden Parachutes, Barbarian Afghanistan Has Just Arrested Executives Of Failed Kabul Bank Tyler Durden | Sometimes it is good to put things in perspective when comparing developed democracies like America and barbaric despotic dictatorships like Afghanistan. Report: SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman … Yet, one must ask what have they been doing and already getting paid for? Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud )

Drudgereport: UPDATE: Minnesota Government Shuts Down...
Washington state closes tourism office...
Florida state workers get pink slips, more cuts ahead...

FEDS STRIKE DOWN STATE'S BAN ON RACE CONSIDERATION IN COLLEGE ADMISSIONS...

SoCal Looks to Secede from California...

REPORT: U.S. Air Force, Navy still flying hundreds of missions over Libya...(FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA...)

Riot police braced for violence as union protesters march in cities across the UK and strike closes a third of all schools Riot police were put on standby in anticipation of trouble in Central London, as anarchist group Black Bloc threatened ‘a day of rage’ and 10,000 officers have had their leave cancelled.

Erik Wemple : Will Media Matters stay on Beck? ...probably will fall into a category like Alex Jones, who has an audience but no influence,”says Rabin-Havt.. (Washington Post) [ If it was any newspaper other than the Washington Post, I’d feel compelled to defend Alex Jones here. After all, I do feel what he does to be important as alternative media / information that much of mainstream is afraid to touch despite the verity of same, and his and crew’s commitment of time and resources to same. Moreover, his articles / links to same are highlighted and figure prominently on my own website. However, I’m constrained to say that for all Jones’ emphasis on free press and complaints against censorship, he / his hypocritically censored me regarding what I deem to be eminently important; viz., not just describing what is and the symptoms thereof, but the reasons including root causes therefore, particularly from an historical, anthropological, evolutionary and psychological perspective. With Alex Jones and crew, it’s always those vegetable / so-called elite mental cases primarily from abroad in cahoots with domestic vegetable / so-called elite mental cases; and, to be sure, there is quite a bit of that, particularly from an Orwellian perspective. But, they are mentally infirm, incompetent vegetables, after all; and inherently so. That sad, pathetic group can’t possibly explain and be blamed entirely for the highest crime rates in the world among so-called developed nations (and that’s just the ones ‘caught’ / prosecuted / reported), among the bloodiest of civil wars, the near genocide wrought upon the indigenous peoples of this land which was literally stolen from them, the pervasive corruption that now envelopes this war mongering though defacto bankrupt nation. Nor is the notion of ‘blue blood distinction’ a positive and more likely a negative inasmuch as with rare exception (ie., Puritans, infra, etc.) initial immigrants had less rational basis for coming to the wilds of this new land and probably had few prospects in their home countries as compared with later immigrants to whom could be attributed a rational decision. In other words, for example, I believe the ancestral bushes would have been criminals in their ‘nation of origin’, etc.. It is the notion of inherent american criminality that I believe frightened Alex Jones et als the most and their felt need to resort to censorship they so protest as to themselves. The only paper / media /news disseminator I’ve found (I sampled many, including the biggest) to be true to the first amendment while retaining the highest of journalistic standards and quality is in fact The Washington Post (of Washington no less where the temptation to greece (sic) grease the skids for the pols in return for access must be great; instead, when the pols, etc., see a Washington Post Reporter / Journalist / Correspondent the reaction is more of a, ‘we better get our facts in order’; and I’m not saying this to ‘stroke’ what I consider to be the last and truly only great newspaper in america, viz.,’ The Washington Post’. While some may say my statistical sampling to be less than random or large enough, I’d reply that such inferences are indeed accurate, and that such disciplines as the simplex algorithm / management science, linear algebra, statistics came very easily to me, and that I’d surely know the difference. America’s shine is wearing off I know why we are falling into a cataclysm of debt and can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious freedom, freedom generally did they come to these shores. A rare exception to the influx of immigrants to this young nation who turned out to be more a virus to the indigenous peoples of this land than what could have been expected from those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those so positioned abroad would have represented a positive addition to the gene pool which, borrowing from an insurance term, viz., adverse selection, springs forth the notion of inevitability to the genocide of the indigenous populations while guaranteeing the decline we see throughout this foundering nation. The effects of these negative predispositions toward inherent criminality is certainly being felt globally as well as domestically and has little to recommend it. My own direct experience with the region(s) (particularly new jersey, new york, virginia, connecticut, california) carves out no exception for the prevalence of the worst of human nature; which is now collectively and pervasively americana. Report: SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm

Focus Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs, extinction, at least in a manner of speaking. Global information exchange at lightning speed has made such throwbacks to a lost era, propaganda, and maladaptive traits foolish at best, deadly at worst. Intelligent people worldwide aren’t buying the obsolete, Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc.; more specifically, diversion of the masses from the glaring failures of leadership, economic and otherwise.

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Drudgereport: TEMPLETON chairman: Financial Crisis 'Around Corner'...
'WE ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...'

S&P WARNS GREECE OF DEFAULT -- EVEN WITH BAILOUT!
'Impossible knot'...

Obama Economists Admit: 'Stimulus' Cost $278,000 per Job...
CA Prison Shrink Paid $838,706 Last Year...
No recession for 454 White House aides: They'll make $37,121,463 this year...
United States of 'gloom'...

Iran Ridicules: America is Not Independent...

SHOCK: Father with HIV raped 6-month-old son...

MEDIA BLOWS IT, AGAIN...
NANCY GRACE LEFT SPUTTERING: 'SOMEWHERE OUT THERE, THE DEVIL IS DANCING TONIGHT'...
Attorney: Case Was 'Media Assassination'...
'Now you have learned a lesson'...
CBS host breaks down...
'TOT MOM' CLEARED BY COURT...

JURY: NO MURDER!
Only guilty of lying to cops...

Portugal's Debt Downgraded to Junk...
CHINA: USA 'ALREADY DEFAULTING'...
DOLLAR TO 'LOSE RESERVE STATUS'

Economy Expected to Have Major Slide in Months Ahead...
NEW IMF CHIEF FROM CHICAGOLAND...
MARK HALPERIN CALLS OBAMA 'A DICK' ON LIVE TV...
POLL: Obama 42%, any Republican 46%...
Campaign signals fundraising fail...
UPDATE: Minnesota Government Shuts Down...
Washington state closes tourism office...
Florida state workers get pink slips, more cuts ahead...

FEDS STRIKE DOWN STATE'S BAN ON RACE CONSIDERATION IN COLLEGE ADMISSIONS...

SoCal Looks to Secede from California...

REPORT: U.S. Air Force, Navy still flying hundreds of missions over Libya...(FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA...)
GETTING NERVOUS

NEWT: Obama 'most successful food stamp president in American history'...

Bachmann: Media wants 'to see two girls come together and have a mud wrestling fight'…[Well, I don’t know about the mud wrestling, but voyeurs all, ‘come together’ sounds about right … playing ‘victim’ does not become a presidential candidate. ] ...

Palin: Hollywood stars as 'full of hate'... ["What would make someone be so full of hate?" palin asks … answer: resistance to someone as dumb and full of war-mongering hate as she is! ]

REPORT: NATO forces ARE trying to assassinate Qaddafi...

Los Alamos under siege from wildfire...
'Throwing absolutely everything at this that we got'...

BLAGO LIKELY HEADED TO PRISON...
'What happened?'
But he gets to keep his hair...
Fitz finally wins one!

GUILTY IN CHICAGOLAND...
17 of 20 counts...
Tried To Sell Obama's senate seat...
Jury DEADLOCKED on Rahm shakedown...
Blago to lawyer: 'What happened?'
'Stunned'...

JOBLESS WEAK: 429,000...
...disappointed
Economic trouble puzzles Fed chief...

FARRAKHAN: 'THAT'S A MURDERER IN THE WHITE HOUSE'...
THE NEW 'NORMAL'
GALLUP PLUNGE...
Approval -4, disapproval +5 -- in one day!

DOWN TO THIRD: USA 'TO FALL BEHIND INDIA' IN TRADE...
DEM FIX: MORE SPENDING!
Bernanke speaks, stocks sink...
FORBES: 'Admits he's clueless'...

CBO: Long-Term Debt Picture Worsens...
Would reach 101% of GDP by 2021...
STUDY: State, local gov'ts must raise taxes $1,400 a year for 30 years to fund pensions...

Millionaires shrug off downturn; Wealthy richer than before crisis...

Zuckerman: 'We now have more idle men, women than at any time since Great Depression'...

SHOCK POLL: ONLY 3 in 10 WILL VOTE FOR OBAMA...
66% say US headed in 'wrong direction'...

Greece Agrees on New Austerity Plan With EU, IMF...
ANGER IN ATHENS...
'BLACK HOLE'...

WH TRANSCRIPT: 'Over the last 15 months we’ve created over 2.1 million private sector jobs. (Laughter.)'...

REPORT: GANNETT to slash more jobs across the country… [ No surprise here for this pathetic shill, rag publisher. The only real newspaper consistent with a tradition of courage, excellence, and respect for the first amendment is The Washington Post …] ...

DEBT TALKS BREAKDOWN; TAX BUST

S&P: Risk of U.S. credit rating downgrade increased...

Chicago county faces $108 billion gap in pensions....

Greek Streets 'Explosive'...
PM wins confidence vote 'but outlook remains dire'...

Huntsman announces presidential bid at Statue of Liberty...
Harry Reid endorses...
Bachmann surges to primary lead...

Iraq hunting $17 billion missing after U.S. invasion...
NATO NIGHTMARE: 9 CIVILIANS KILLED [NATO strike kills 15 Libyan civilians]

Census: Whites lose majority among babies...
German Giant Says US Workers Lack Skills...
PAPER: AMERICA'S LOST DECADE?
States look to Internet taxes to close budget gaps...

SPANIARDS ON MARCH OVER BLEAK PROSPECTS...

House will move this week to limit funding for effort in Libya...

'DON'T BE SURPRISED IF ATHENS GOES UP IN FLAMES'...
GREEK PM PLEADS FOR UNITY!
...warns against default
Threat to downgrade Italian debt raises contagion fears...
Princess Diana Conspiracy Movie Headed to Theaters... [ Uh, oh! Time to gear up the already harsh ‘censors’ in england. ]

PAPER: AMERICA'S LOST DECADE?

Bachmann: Obama 'has failed' blacks, Hispanics... [ Come on! ‘Wobama the b’ (for b***s*** has failed everyone. ]
Presidential no-show miffs Hispanics...
African-American unemployment at 16%... [ But there’s rationality in this stat as people avoid their disgustingly uncivilized noisy rap ‘boomboxes’. Then there’s the attitude. I truly believe from direct experience that even when their outright aggression, assaults on persons and the senses, and otherwise obnoxious behavior is not apposite, the personality disorder ‘passive / aggressive’ is applicable, however indirectly expressed. ]

SHE'S OFF! (on the road again) Michelle Obama embarks on Africa visit … (stay there!) ...
Michelle Obama Admits: 'Fortunately, We Have Help From The Media'...
CHICAGOLAND: Rahm's Top Cop Blames Gangs, Crime on 'Gov't-Sponsored Racism'...
Likens federal gun laws to 'racism'...

Teen Mob Of 50 Hits Chicago WALGREENS...
Teen brutally beaten by mob of blacks; cops mull 'lynching' charge...
Princess Diana Conspiracy Movie Headed to Theaters... [ British queen arrives in Ireland Queen Elizabeth II’s visit overshadowed by security scares. (Washington Post) [ ‘How sweet she is’ … that ‘sweet liz’ … that is … Diana film causes stir at Cannes “Unlawful Killing” has a combination of celebrity, controversy and canny hype-mongering. (Washington Post) [ Let’s not kid ourselves … and, Dodi Fayed’s father was no dope and knew the score. Indeed, it’s not coincidental that William’s the over-riding favorite of granny Liz II; after all, Harry’s the bastard son of Hewitt (don’t buy into their DNA proffer which they did buy – you know, that ‘bloodline thing’). Moreover, it was reported that Diana had another ‘potential challenger in the oven’ at the time of her death and we all know how dicey such english affairs of state can be (ie., Henry VIII, Richard III, etc.). Then there’s the contempt of Diana for having brought the son of her bosom, Chas, down. Do I think she said flat out ‘kill Diana’. No … more of a ‘do what’s necessary’ to mi6 et als. Ultimately, William will require some substantial therapy to sort out this looming conflict. After all, Diana was his mother. Drudgereport: British woman decapitated in grocery store; killer flees with head... Cannes: Diana doc slams UK royals as 'gangsters'... ]

Watch the Market, Not CNBC at Forbes

Should You Sell into this Rally? [ Yes! ] Simon Maierhofer July 1, 2011 ‘Buy low, sell high. The major U.S. indexes a la Dow Jones (DJI: ^DJI), S&P (SNP: ^GSPC) and Nasdaq (Nasdaq: ^IXIC) are higher today than many expected a few weeks ago. Does that mean it's time to sell?

A smart person learns from his own mistakes, a wise person learns from the mistakes of others. Let's see where others have gone wrong in the past and what it means for us right now.

Don't Be a Herd Seller

The worst time to sell is usually when everyone else is selling (there's one caveat we'll discuss in a moment). This was the case last summer when the term double dip popped up everywhere.

Investors who succumbed to selling double dipped themselves right out of the market at the worst time.

A similar pattern occurred just a few weeks ago. Within six weeks of the May 2 highs, investors turned nearly as bearish as they were during the 2010 summer sell off. But there was one major difference. From April - June 2010 the S&P fell over 200 points and stood as low as 1,010.

http://www.etfguide.com//contributor/UserFiles/8/Image/vital%20signs%20july%20yahoo.gif

The recent slump only erased only as much as 110 points and saw the S&P no lower than 1,255. Yet, sentiment became nearly as bearish as it was in June 2010. From a contrarian point of view that was bullish (see chart above).

So Bad, It's Good

In fact, things had become 'so bad, it's good.' The chart of the Citigroup Economic Surprise Index shown below, along with the sentiment measures shown above (both originally featured in the June 18 ETF Profit Strategy Newsletter), suggested that the stock market (NYSEArca: VTI - News) was at the very least due for a relief rally.

http://www.etfguide.com//contributor/UserFiles/8/Image/Citigroup%20ESI%20-%20SP.gif

One day before the actual low on June 15, the ETF Profit Strategy Newsletter wrote: 'The S&P is probing for a bottom. Technicals and sentiment data suggests that a bottom has either been found or is close. A drop into the 1,259 - 1,245 range, would prompt us to close out short positions and leg into long positions.' The very next day the S&P slid as low as 1,258 and has recovered nicely since.

A Tough Call

Over the recent past, we've become conditioned to expect that every sell off will eventually lead to new highs. This was the case in January and April 2010 and in March 2011.

But the market is unpredictable and there is no such thing as a sure thing. In May 2008 for example, a spirited rally propelled the S&P (NYSEArca: VOO - News) all the way to 1,440 (it was at 1,255 in March 2008).

But that was the end of the rope. Within less than a year the S&P lost more than 50%. High-flying sectors like technology (NYSEArca: XLK - News) and financials (NYSEArca: XLF - News) did much worse.

The May 2008 rally retraced 57% of the December 2007 - March 2008 decline. The current bounce has retraced 63% from the May 2 - June 16 decline. Discerning eyes will see that this is more than the Fibonacci 61.8% retracement common for counter trend rallies.

This could well mean that new highs are on the horizon. However, the VIX (Chicago Options: ^VIX) is currently back down to 15.38. Its May 2008 low was 15.82.

There is also a target for a potential head and shoulders top and the 78.6% Fibonacci retracement between 1,333 - 1,347. Any weakness in this area would be a red flag while a push beyond the 78.6% retracement would be very bullish.

Should You Sell Now?

The S&P is not there (1,340) yet, but when it gets there it would be worth taking a stab at shorting the market with a tight stop-loss. Why?

It could be a high reward trade. Negative sentiment can at times become a self-fulfilling prophecy. When that's the case, the market moves quickly and doesn't give investors a chance to lock in long profits and establish cheap short positions (remember 2008?).

Entering a short position against such resistance is a low-risk, high reward set up as long as it's done with surgical precision and tight-stop losses (and the flexibility to go long if resistance is broken).

We know it works because we've successfully shorted against important Fibonacci resistance of 1,369 (sell recommendation in May 1, ETF Profit Strategy Update), while covering shorts and going long at support of 1,259 (buy recommendation in June 15, ETF Profit Strategy Update).

Is this approach fail proof? No. But here's why selling into resistance does work. Imagine a car driving on a long road with a few traffic lights. If the car is going to stop, accelerate, or make a U-turn anywhere on the road, it will most likely be at a traffic light. If the S&P is going to reverse, it will likely be at support/resistance …’

Going Short the Dow at Minyanville / Dangerfield [ Because of the inherently dangerous nature of short-selling (potential loss of more than your investment, wiped out; though straddles, option strategies can militate against said risk) I consider same more a speculation than investment strategy. Yet, in this contrived, manipulated (for month, quarter, half window dressing), overpriced market, I’m constrained to say that if you were so inclined to try your hand at it, now would be a perfect time. ]  The Dow, or the way I play it the Diamonds (NYSE:DIA) ran right into that top Bollinger Band on Thursday.  Plus the weekly DIA shows a bounce from the bottom Bollinger Band to the Middle Bollinger Band, where many rallies stall during a downtrend.  (I can’t really show this chart, but you can check it out on Stockcharts.com) Friday is the end of the quarter.  Can we go higher?  Of course.  But my money’s going on a two to three hundred point drop in the Dow.  I think the shorts have covered and it’s about time for the downtrend to reassert itself. I’m shorting the DIA in the morning.  Yes, I know I may have to pay some yield. http://blogs.minyanville.com/idril-dangerfield/files/2011/06/DIA-6-29-11-300x162.png

All Dressed Up [ and nowhere to go … but down! ] at The Wall Street Journal Mark Gongloff ‘The week-long stock rally got turbocharged today, pushing the Dow easily into the black for the quarter and nearly bringing the S&P with it. How long it lasts is a different story.

The Dow jumped 153 points today and is up 480 points, or 4%, in the past 4 days. This is the biggest four-day percentage gain since last September. The Dow ended the quarter 0.5% higher and is now 7% higher on the year.

The S&P and Nasdaq each gained 1% on the day and are up 4% and 4.5%, respectively, for the 4-day run. Both ended the quarter slightly in the red.

If there was any downside to this up-fest, it was the financials, which gained just 0.4% on the day. But they’re the only sector in the S&P 500 still down for the year. Everything else is up, as are the Russell 2000 and the Dow Transports, which dipped into the red for a while there.

Bonds, meanwhile, have gotten crushed during this stretch, pushing the yield on the 10-year note up 35 basis points, from 2.8% to 3.15%. The dollar’s down, too, with the euro surging to $1.45.

So what does it all mean? Dave earlier pointed to signs the market may be expecting an economic rebound. So far we have only one Chicago PMI report to support hopes of a big bounce in growth, but OK.

There’s also Greece, whose day of reckoning has been postponed for a little while longer.

And finally there’s quarter-end window dressing, which still seems to make a lot of sense as a theory, given the utter lack of volume during the stock-buying frenzy (though the bond-selling frenzy has seen quite a lot of volume).

To me, it feels more like a combination of all three — we’re pricing out economic collapse and an imminent Greek default, while also prettying up the numbers at the end of the quarter.

Fair enough. From here the sledding gets harder. The economic data aren’t going to be pretty for a little while, and earnings expectations are too high. And QE2, which boosted stocks by 25%, has sailed for the last time.’

Minyanville's T3 Daily Recap: Was This Week's Rally Anything More Than 2nd Quarter Window-Dressing? [ No! ] at Minyanville

Moody's warns may downgrade U.S. muni debt ratings

Why The Dow Will Plunge To 7,000 By 24/7 Wall St. June 28, 2011 ‘One theory of economics says that any market can return to a point where it has been in the past. The Great Recession was, by some measures as bad as the Great Depression. Unemployment was 3.6% in November 1966. It was at 4% in December 1999. There is no precedent for zero unemployment, but those two periods came close.

Recent movements in the stock market could repeat themselves as the economy lurches toward another recession. The DJIA fell to just below 6,630 on March 2, 2009. Back in October 2007, 17 months earlier, it briefly traded above 14,000. What happened? The most frequent answer is the recession that lasted from December 2007 until June 2009, a period determined by the National Bureau of Economic Research, caused the collapse. The recession lasted 18 months, which made it the longest of any downturn since World War II.

The DJIA could drop below 7,000 again before the middle of next year, down from 12,000 where it trades now. The market fell over 50% last 2008 and 2009. A correction to 7,000 this time would be 42%.

The major drivers of a sharp drop in the DJIA would be:

1. RECOVERY IS UNEVEN

Some regions of America are almost economically dead. The first reason the market is likely to plunge is that the current recovery is a 35-state recovery and not a 50-state one. The US economy is not running on all its cylinders now. It runs on about two-thirds of them during a good quarter. There has not been and will not be much of a recovery in  Nevada, Michigan, Florida, California, Rhode Island, Ohio, Illinois, Louisiana, South Carolina, and sections of Kentucky, Tennessee, Arizona, Idaho and Mississippi. Some areas of these states lack important growth industries - particularly technology, farming, oil drilling, or the large employment bases that accompany federal and state government employee concentrations. Many areas that counted on construction to bolster their economy can no longer do so. Unemployment will stay at or above 10% in parts of these states and large cities like Las Vegas, Detroit, Stockton, and Providence.  Most have negative GDP growth. The US economy cannot grow at a rate of 3% or better, which some economists are forecasting for the second half of the year,  if large regions of the country are shrinking economically.

2. UNDERWATER MORTGAGES

More than a quarter of US mortgages are underwater. Economists use several ways to measure the housing market disaster such as foreclosures, delinquencies, home price drops, housing start and new and existing home sales. None of these captures the heart of the market the way underwater mortgages statistics do. A home with an upside down loan can rarely be sold without the seller taking a huge financial hit. These homes are likely to become a financial burden to the homeowners who cannot afford their mortgages and see no hope that their houses will ever regain their value. Housing expert Robert Shiller says home prices could drop another 10% this year. The ripple effect from a rise in underwater mortgages will affect everything from bank earnings to consumer credit to consumer spending. The real estate problem is a drag on the economy and it is one that will get worse.

3. STOCKS ARE EXPENSIVE

Many market analysts believe that this is nearly a perfect time to buy stocks. Yields on bonds are low. Gold price are unstable. The S&P 500 EPS will be $100 this year based on many forecasts. Is a twelve multiple on that inexpensive? Perhaps. But if so, that indicates that the Dow should be trading about where it is now. S&P 500 earnings, however, will start to decline soon and in some industries they will disappear entirely. The process has already begun among consumer products companies, retailers, grocery chains, and transportation companies like airlines. Even tech firms like Oracle have signaled that growth has slowed. Jim Cramer mentioned a long list of “cheap” shares on “Mad Money” in October 2007. Stock looked “inexpensive” in late 2007. That only lasted until corporate earnings collapsed.

4. INFLATION IS A PROBLEM

No matter what the Federal Reserve says, inflation is in full bloom. The Bank for International Settlements just warned policymakers and world leaders that central banks need to raise interest rates. Otherwise, the BIS stated, the price of commodities will continue to march higher. Chinese inflation hit a 34-month high in May despite rapid tightening by banks there. The core of this rise was food prices, which were up 11.7% for the month. The US cannot claim, at least for long, that it is one world and Asia, Africa, the Indian subcontinent, and parts of South America are another. The prices of critical commodities such as wheat, corn, oil, and cotton are well above where they were two years ago, and with some occasional dips, are still rising. Americans cannot afford higher and higher food and clothing prices when their median incomes are not moving up. Inflation is a poison to consumer spending and to the profit margins of companies that have commodities or transportation-based businesses.

5. COMPANIES HORDING

Companies are still holding their cash. A McKinsey and Co. report published in May stated that European and US companies have excess cash of more than $2 trillion. Firms like Apple and Google have accumulated multi-billion dollar cash hordes and have elected to hold that money even at extremely low yields. Other firms like McDonald’s have elected to distribute cash through share buybacks and high dividends. Most major banks have raised or reinstated dividends. Cisco has begun to pay a dividend. Companies as diverse as CVS/Caremark Corp., Family Dollar Stores Inc., and Schlumberger Ltd. have raised their payouts. Dividends help people who own a lot of shares in the companies in question. They do nearly nothing for people who hold small portfolios or who are broke and unemployed. Cash not used to create jobs either directly through hiring or indirectly through capital expenditure does not help the economy.

6. EVERYONE'S SHEDDING THEIR WORKFORCE

Companies are no longer adding jobs and governments are laying off employees. The May unemployment numbers told a story of a stagnant job market. Recent jobless claim levels have confirmed it. The private sector has become worried about GDP which has only grown by 2% recently. That is not enough for many firms to decide to add significant numbers of workers. And, unemployment rates are now being moved higher by government layoffs, a result of the “new austerity."  The new federal government budget is likely to make matters worse. The Brookings Institution recently said in its Government Employment and Economic Recovery that the single biggest threat to the economic recovery of many cities is layoffs of government workers.

7. CHINA'S SLOWING ECONOMY

China’s economy will slow considerably. The economic dynamics of China combine high food costs with faltering purchasing and manufacturing. China’s factory output is no longer growing and it is entering what it would view as a recession by the standards of the People’s Republic-a growth rate well below its typical 10% of better. Goldman Sachs recently chopped its forecast for China GDP. High oil prices contribute according to the investment bank. Faltering demand for China’s exports is another. American exports to China rose 32% in 2010 to a record $91.9 billion, and have surged 468% over the past decade, according to the U.S.- China Business Council. Americans usually complain about the heavy flow of China exports to the US. But, many American industrial and service firms need China sales to bolster their bottom lines.

8. GREECE IS TANKING

Greece will go under and take many other small EU nations with it. Austerity measures by Greece will not save it from default according to most credit experts. Even if budget and wage cuts buy the nation some time, the lack of stimulus will ruin a job market which already has a 40% unemployment rate among its youth. Ireland and Portugal have similar problems. A series of defaults among the nations may damage the bank and credit system more than the collapse of Lehman. It will certainly decimate earnings and balance sheets of many European banks. The EU portion of the global bank system could go into a state of shock that would cripple the global credit process. Another by-product of ruined banks is that access to the capital needed to drive economic growth will disappear. A sharp slowdown of EU consumer spending will cripple the US export economy, particularly if combined with a slowdown in China.

Douglas A. McIntyre ‘

Fed’s ‘QE2’ leaves mixed legacy The Fed’s much-debated effort to boost the economy by buying $600 billion in bonds ends Thursday. (Washington Post) [ Mixed? How ‘bout an undisputable legacy of failure, by the fed’s own words and stated mission and purpose. And, count on more fake data; ie., today’s near meaningless in terms of reality ‘fake’ jobs report which they hope will keep the foos (fools) ball rolling on fraudulent wall street; viz., ‘The standard unemployment rate most often used by the Fed is currently at 9.1%, up 90% since Bernanke started.  The more inclusive (realistic) U6 number stands at 15.8%, up 75% in the same period.  The Civilian Participation Rate has declined 2.87% to 64.2%.This is the lowest level the U.S. has seen since March, 1984.  The decline amounts to 8,946,844 fewer Americans in the labor force.  Had they not dropped out because of a lack of jobs, the “official” unemployment rate would be significantly higher.  While we can debate the meaning of the term maximum employment, it is clear that the jobs data has deteriorated considerably since Bernanke took the reins at the Fed.  ‘.

Is Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I mean, come on! This catering to fraudulent wall street was a loser ab initio! That so-called ‘wealth effect’ market froth was used previously by senile ‘maestro’ greenspan and failed miserably except for the frauds on wall street who commissioned up and down; and, make no mistake, those computer-programmed high-frequency trading volumes have now been maximized for nation-economy-draining profits for the frauds like never before and have never been higher. The QE and dollar-debasement policies were always predictably inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel good’ obfuscation that was but in reality good only for the frauds on wall street. No, there is no modern day alchemy that spins worthless paper into gold except fraudulently for the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing out’ for hard currency and gold, precious metals, at everyone else’s expense including main street. ] In his June 7 speech, Fed Chairman Ben Bernanke stated, “the best way for the Federal Reserve to support the fundamental value of the dollar in the medium term is to pursue our dual mandate of maximum employment and price stability, and we will certainly do that.”

.. Bernanke’s results .. since Ben took the reins:

Feb ’06 – April ’11

Items in a Typical Budget	% Change
Food and Beverages	16.54%
Water and sewer and trash collection services	31.88%
Rent of primary residence	13.82%
Housing	8.68%
Fuels and Utilities	11.93%
Apparel	4.83%
Medical Care	20.11%
Gasoline (all types)	65.12%
Transportation	23.36%
Tuition, other school fees, and childcare	29.28%
Recreation	2.87%

 ..  The standard unemployment rate most often used by the Fed is currently at 9.1%, up 90% since Bernanke started.  The more inclusive (realistic) U6 number stands at 15.8%, up 75% in the same period.  The Civilian Participation Rate has declined 2.87% to 64.2%.

This is the lowest level the U.S. has seen since March, 1984.  The decline amounts to 8,946,844 fewer Americans in the labor force.  Had they not dropped out because of a lack of jobs, the “official” unemployment rate would be significantly higher.  While we can debate the meaning of the term maximum employment, it is clear that the jobs data has deteriorated considerably since Bernanke took the reins at the Fed.  ..

In conclusion, it is evident that Ben Bernanke is failing his mandates.  We believe it must come down to one of the following reasons:

1.       Bernanke does not know how to achieve his mandates;

2.       The policy tools employed don’t work;

3.       He does not have the ability to implement policies that would work;

4.       He is not trying to achieve his mandates;

5.       He has goals other than his legal mandates;

6.       He does not look at the data, and believes he is succeeding.

Matt Marcewicz &  Robert Barone, Ph.D.

.. ‘

Inflation Expectations Are Heating Up

Geithner weighs exit after debt deal is finalized Treasury secretary, who’s wanted to leave for some time, won’t go without Obama’s support. Departure would come as economy remains troubled. (Washington Post) [ Tiny Tim leaving? God bless us everyone! Troubled economy? That’s an understatement! Troubled in part owing in part to Tiny Tim’s incompetence and proclivity toward fraudulent wall street (hey tiny tim, tell us what happened to that $4 trillion at the new york fed when you headed same). Though, to be fair, tiny tim’s had plenty of company in the incompetence department; viz., wobama the b (for b***s***), and, inter alia, ‘no-recession-helicopter-ben-bs-bernanke’ … Is Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I mean, come on! This catering to fraudulent wall street was a loser ab initio! That so-called ‘wealth effect’ market froth was used previously by senile ‘maestro’ greenspan and failed miserably except for the frauds on wall street who commissioned up and down; and, make no mistake, those computer-programmed high-frequency trading volumes have now been maximized for nation-economy-draining profits for the frauds like never before and have never been higher. The QE and dollar-debasement policies were always predictably inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel good’ obfuscation that was but in reality good only for the frauds on wall street. No, there is no modern day alchemy that spins worthless paper into gold except fraudulently for the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing out’ for hard currency and gold, precious metals, at everyone else’s expense including main street. ] In his June 7 speech, Fed Chairman Ben Bernanke stated, “the best way for the Federal Reserve to support the fundamental value of the dollar in the medium term is to pursue our dual mandate of maximum employment and price stability, and we will certainly do that.”…Let’s look at the results of Bernanke’s economic “fine tuning” (using data from the St. Louis Fed’s database, starting in February, 2006, through April 2011), and see if he has successfully pursued this mandate…

Stable Prices?

Stable prices are one of the Fed’s primary mandates.  In the table below, take a look at what has happened to the prices of items in a typical U.S. consumer’s budget since Ben took the reins:

Feb ’06 – April ’11

Items in a Typical Budget	% Change
Food and Beverages	16.54%
Water and sewer and trash collection services	31.88%
Rent of primary residence	13.82%
Housing	8.68%
Fuels and Utilities	11.93%
Apparel	4.83%
Medical Care	20.11%
Gasoline (all types)	65.12%
Transportation	23.36%
Tuition, other school fees, and childcare	29.28%
Recreation	2.87%

 … it is clear that Bernanke has not been successful at maintaining price stability since taking over as Fed Chairman.  Mandate not accomplished.

Maximum or Full Employment

Finding a strict definition of maximum employment is impossible.  Many economist give different estimates, ranging from 2%-7%.  The standard unemployment rate most often used by the Fed is currently at 9.1%, up 90% since Bernanke started.  The more inclusive (realistic) U6 number stands at 15.8%, up 75% in the same period.  The Civilian Participation Rate has declined 2.87% to 64.2%.

This is the lowest level the U.S. has seen since March, 1984.  The decline amounts to 8,946,844 fewer Americans in the labor force.  Had they not dropped out because of a lack of jobs, the “official” unemployment rate would be significantly higher.  While we can debate the meaning of the term maximum employment, it is clear that the jobs data has deteriorated considerably since Bernanke took the reins at the Fed.  Mandate not accomplished…

In conclusion, it is evident that Ben Bernanke is failing his mandates.  We believe it must come down to one of the following reasons:

1.       Bernanke does not know how to achieve his mandates;

2.       The policy tools employed don’t work;

3.       He does not have the ability to implement policies that would work;

4.       He is not trying to achieve his mandates;

5.       He has goals other than his legal mandates;

6.       He does not look at the data, and believes he is succeeding …’

Parties at odds on deficit reduction Lawmakers in both parties plot strategies that could make the deal difficult to find common ground. (Washington Post) [ Yes … Odds on … favorite … a lose / lose solution. The realistic scenario brings to mind that old adage that, ‘you can’t make a silk purse out of a sow’s ear’ … and, yeah, the reality is all that bad. A debt ceiling leadership failure On Leadership | Congress’s failure to fix the budget deficit is due to fundamental differences of opinion on the role of government. U.S. consumer confidence unexpectedly (but realistically – and not because of the budget stalemate) falls (Washington Post) [Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘President enters the debt talks Obama hosts sitdowns as leaders remain divided over spending reductions and tax increases. (Washington Post) [ Oooooh! The big gun has arrived, with the biggest gun, Mr. Teleprompter just a hot line away. Come on! Let’s get real! What does wobama the b (for b***s***) know that any of these other fellow nincompoops don’t; particularly about economics / finance, even compared to ‘Lobotomy Joe’. Market Crash 6/30/11?Technical indicators suggest market collapse may begin by June 30th Dennis Slothower is one of the world’s leading technical analysts. He’s one of the few advisors whose readers completely avoided ALL losses during the disaster that was 2008. And now he’s issuing another dire warning. His technical indicators suggest that the market manipulation we’ve seen over the last several months is about to come to an end…and that means thousands of investors are about to get clobbered. This correction could begin as soon as June 30th– so it’s important that you take action now to prepare yourself. StealthStocksOnline.com [ Oooooh! Bring in the big guns; viz., ‘wobama the b’ (for b***s***) … sounds like a plan! After all, ultimately it’s Mr. Teleprompter who’ll have the final say; and, it seems like wobama’s got a lock on that ‘relationship with Mr. T; you know, ‘pecking order’ kinds of stuff … Then begs the question: Is Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I mean, come on! This catering to fraudulent wall street was a loser ab initio! That so-called ‘wealth effect’ market froth was used previously by senile ‘maestro’ greenspan and failed miserably except for the frauds on wall street who commissioned up and down; and, make no mistake, those computer-programmed high-frequency trading volumes have now been maximized for nation-economy-draining profits for the frauds like never before and have never been higher. The QE and dollar-debasement policies were always predictably inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel good’ obfuscation that was but in reality good only for the frauds on wall street. No, there is no modern day alchemy that spins worthless paper into gold except fraudulently for the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing out’ for hard currency and gold, precious metals, at everyone else’s expense including main street. ‘ America’s shine is wearing off I know why we are falling into a cataclysm of debt and can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious freedom, freedom generally did they come to these shores. A rare exception to the influx of immigrants to this young nation who turned out to be more a virus to the indigenous peoples of this land than what could have been expected from those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those so positioned abroad would have represented a positive addition to the gene pool which, borrowing from an insurance term, viz., adverse selection, springs forth the notion of inevitability to the genocide of the indigenous populations while guaranteeing the decline we see throughout this foundering nation. The effects of these negative predispositions toward inherent criminality is certainly being felt globally as well as domestically and has little to recommend it. My own direct experience with the region(s) (particularly new jersey, new york, virginia, connecticut, california) carves out no exception for the prevalence of the worst of human nature; which is now collectively and pervasively americana. Report: SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm

Focus Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs, extinction, at least in a manner of speaking. Global information exchange at lightning speed has made such throwbacks to a lost era, propaganda, and maladaptive traits foolish at best, deadly at worst. Intelligent people worldwide aren’t buying the obsolete, Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc.; more specifically, diversion of the masses from the glaring failures of leadership, economic and otherwise.

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

A Mid-Year Review and Full 2012 Outlook Simon Maierhofer, June 28, 2011,

Time flies. The 2011 calendar year is already half over, and based on the main stream 2011 outlook, the market's performance surprised many. I forgot just how bullish Wall Street and the media was when coming into 2011. Look at the headlines below and you'll see what I mean.

'Get over your fear and get back into stocks' - USA Today, 12-17-2010

'Bullish on tech and 2011' - Barrons, 12-20-2010

'Don't see a double dip for housing' - Morningstar, 12-29-2010

'Economic rebound forecast for 2011' - Seattle Times, 12-12-2010

'Investor's forecast: Sunny with a chance of overheating' - WSJ, 1-3-2011

'Why U.S. stocks may finally be a good buy' - Mootley Fool, 1-3-2011

'Real estate: Finally a good investment' - SmartMoney, 1-19-2011

'Why the S&P is still a bargain' - USNews, 2-4-2011

'11 signs the economy is on the right path' - MarketWatch, 2-10-2011

Judging the media with 20/20 hindsight is always a blast, but I must admit that I was too chicken to provide a full 2011 forecast via the ETF Profit Strategy Newsletter.

Vaguely Accurate

Here's what I told Investor's Business Daily when they asked me for my 2011 forecast (published in IBD's December, 22, 2010 paper):

'The Fed is creating a bubble to contain the damage left behind by the bust of the previous bubble(s). QE2, as desired by the Fed, has led to indiscriminate buying of stocks and commodities.

On a historic basis, stocks are overvalued and set to deliver long-term pain, not gain. Based on various sentiment gauges (Institutional Investor survey of newsletter writers and American Association for Individual Investors' survey of retail investors, the VIX, Chicago Board Options Exchange Market Volatility Index, and CBOE put/call ratio), investors are as optimistic about rising prices today as they were in late 2007.

Compared to 2007, unemployment has doubled, GDP has tumbled, Americans' desire to spend has morphed into a new frugality and Europe has caught a contagious financial virus. Based on sentiment, the cork may pop at any time, although I wouldn't be surprised if the Fed's POMO (permanent open-market operations) activity can keep prices afloat through much of 2011. The upside is risky and active traders may follow the trend until it's broken.'

I admit that the outlook was somewhat on the vague side but it steered investors in the right direction - follow the trend but watch out for a correction and a possibly significant market top. The chart below provides a glance at the S&P's performance since January 1, 2011 along with various support/resistance points outlined by the ETF Profit Strategy Newsletter.

http://www.etfguide.com//contributor/UserFiles/8/Image/spx%206%2027%2011.gif

One Month at a Time

With the major index stretched to the breaking point but momentum still strong, my strategy was to tackle the market one month at a time. Initially it made no sense to buck the trend, but by mid-February, the market seemed to have reached a breaking point. On February 18, I warned via the ETF Profit Strategy Newsletter that: 'A fast and steep sell off from current prices is possible.' However, 'If stocks don't fall below 1,255 and 1,229 we expect new recovery highs later in 2011.'

February 18 was a Friday. The following Monday was a red-across-the-board kind of a day. The Nasdaq (Nasdaq: ^IXIC) opened Monday 38 points lower than it closed Friday and dropped an additional 39 points during the day.

Formerly high-flying sectors like consumer discretionary (NYSEArca: XLY - News), industrials (NYSEArca: XLI - News), materials (NYSEArca: XLB - News), retail (NYSEArca: XRT - News) and technology (NYSEArca: XLK - News) followed suit. The S&P (SNP: ^GSPC) dropped 23 points and the Dow (DJI: ^DJI) 177 points.

About two weeks later, the Japan Earthquake news rocked the world and saw another wave of selling. But, the S&P never closed below the 1,255 support and triggered a low-risk buy signal the week of March 14 (March 20, ETF Profit Strategy Update).

The up side target was outlined in the April 3 update of the newsletter: 'There is a fairly strong Fibonacci projection resistance at 1,369. In terms of resistance levels, the 1,369 - 1,xxx (reserved for subscribers) range is a strong candidate for a reversal of potentially historic proportions.'

Bearish Case, Not Closed Yet

The S&P climbed as high as 1,370 and has since dropped as much as 110 points. But once again, support surrounding the 1,255 level has not been breached.

In essence, the S&P is currently stuck in a technical vacuum. The trading range is 1,250 - 1,300. There are plenty of folks who still believe the 'bull market' is not yet over while the investing crowd has turned notably bearish (generally a bullish signal). From a technical point of view, new highs are still possible.

The Presidential Election Cycle, which sports gang buster pre-elections year performance, supports the idea of new highs later on in 2011. Naturally, the incumbent President will do whatever he can to court Americans for their vote.

Financial Trickery

Shenanigans designed to 'bribe' investors include maneuvers like releasing a portion of the U.S. Strategic Petroleum Reserve. According to the New York Times, tapping into the oil reserve for frivolous reasons is a bad idea because the oil (NYSEArca: USO - News) will eventually have to be replaced, usually at higher prices. But right now, the priority is to make voters happy. Low gas prices will do just that.

Other financial tricks include changing how the Consumer Price Index (CPI) is calculated. Lawmakers are proposing to change the CPI methodology to include changed spending patterns caused by price increase. For example, consumers tend to drive less when gas prices increase.

This would artificially lower the CPI and lower federal spending by around $220 billion over the next decade. Passing such a proposal would surely be touted as a victory in the battle against the debt ceiling while social security recipients see their monthly checks shrink (social security payments are linked to the CPI).

Another trick is 'QE2-light'. Yes, even though QE2 is officially over, the Federal Reserve will continue to reinvest maturing securities and buy Treasuries (NYSEArca: TLT - News) from banks (NYSEArca: KBE - News) at the rate of about $25 billion a month over the next year.

2011 Outlook

Quite frankly, formulating a high confidence 2011 outlook right now is tricky (isn't it always). But here is what we do know:

A major market top is forming. The S&P reached the bottom end of our target range (1,369) and was clearly rejected. We also know that crucial support at 1,255 has held. Even though the market behaved like a significant top had been reached, it failed to confirm it thus far.

The key question is whether the upper end of our target range will be tested or not. At this point it is too early to see, but that doesn't mean we are 'flying blind.'

The S&P (and any other major index) won't rally to new highs unless they break key resistance. Our strategy as of late has been to sell against resistance and buy against support. This has worked like a charm. Once resistance is broken, we'll buy against resistance and sell against support. This will keep investors on the right side of the trade regardless of what the market has in store for us…’

Why your local Hospital could soon shut down (StansberryNewsletter) http://www.stansberryresearch.com/pro/1011PSIEND49/LPSILC42/PR

Top 3 Reasons Markets Were Up For the Fifth Consecutive Day [ I don’t believe any of the data / reports which experience / reality says, owing to desperation including pre-election year, is invariably fudged, faked, fraudulent. ] July 1, 2011 ‘With five straight days of gains, the markets close their best week in two years as we head into the 3-day weekend.

Markets closed up on Wall Street today: Dow +1.36% , S&P +1.44% , Nasdaq +1.53% , Oil -0.76%, Gold -1.10% .

On the commodities front,  Oil (NYSE:USO) made a reversal, down 0.76%, settling at $94.72 a barrel. Precious metals continued to decline for their second day, with Gold (NYSE:GLD) dropping to $1,486, while Silver (NYSE:SLV) dropped 2.78% to $33.87.

Today’s markets were up for the fifth day in a row because:

1) Greece to receive new bailout package. Markets have been up all week, first in anticipation that Greece would approve austerity measures, then because they had been approved and the country would likely receive the final 12 billion euros in their aid package, and now because they might be receiving another 85 billion euros in a second aid package , funded by European nations, private investors, and the IMF. And the good news keeps coming…

2) ISM manufacturing index. The index showed that the manufacturing industry grew significantly in June after economists had expected it to decline. This marked the 23rd month in a row that the index showed growth, up 1.8 points from May to 55.3 in June. 

3) Consumer discretionary spending on the rise. The consumer discretionary sector is only 10 points below its bull market high from May 12, up 8.3% since June 16. Today consumer discretionary stocks led the markets, though it may not be a sign of consumer strength but “ credit-fueled shopping binges “…’

June U.S. ETFs Trading Volume Ranking [Where the money’s going … into their pockets and out of yours … in real economic terms, the now computerized commissioned churn and earn is a substantial net negative and part of the reason, along with the substantial frauds, economic decline will continue in a very big way! ] at Bloomberg (Fri, Jul 1) The average daily volume for the past 20 trading days of U.S. listed exchange-traded funds (ETFs) decreased 0.1 percent to 1280.2 million shares, from 1281.2 million shares a month earlier. The following table ranks 1285 U.S. listed ETFs by their 20-day average trading volume…

June U.S. ETFs Performance Ranking by Stylesat Bloomberg (Fri, Jul 1)

June U.S. ETFs Trading Volume by Stylesat Bloomberg (Fri, Jul 1)

15 Worst Housing Markets for Next 5 Years - Business Insider Provided by The Business Insider's Gus Lubin and Linette Lopez ‘If you bought a home in Miami in 2005, we're sorry: over the following six years it depreciated in value by more than 54.3%.

And the rebound -- if there is a rebound -- won't come soon…’

Summer Rally Arrives On Schedule With A Big But at Forbes Sy Harding ‘It’s remarkable how consistently the market moves in seasonal patterns.

For example, it tends to make most of its gains in the winter months and experience most of its corrections in the summer months, as expressed in the old adage ‘Sell in May and Go Away’.

And just as it did last year, this year the market made good gains in the winter months, then topped out in late April, and was in a correction in May and most of June.

The shorter-term seasonal pattern is that the market is usually positive in the days surrounding the end of months, in what I have always called the ‘monthly strength period’, and particularly in the days approaching and surrounding the July 4 holiday. July also tends to be the most positive month in the market’s unfavorable summer season. Thus the tradition of a summer rally.

After being down eight of the previous nine weeks the market was short-term oversold going into this week. My technical indicators triggered a short-term buy signal and I’ve been predicting a brief short-term rally off the oversold condition, but also that the tendency for the market to be positive in the days surrounding the July 4^th holiday, was likely to keep an oversold rally going into a sustained rally for awhile.

It’s uncanny how events usually work out with a timeliness that supports the seasonal patterns. The seemingly endless stream of dismal economic reports continued this week, but a couple of bright spots also showed up.

There was relief that the Greek Parliament passed the painful austerity measures required for Greece to receive additional bailout funds to prevent it from defaulting on its debt (or at least postpone its potential default). The rally got an additional boost from that.

And although economic reports included that construction spending fell again in May, that Consumer Confidence fell again in June (to a 7-month low), that weekly unemployment claims remained high at 428,000 last week, there was also the report that manufacturing activity, which has been declining for several months, unexpectedly picked up some in June, with the ISM Mfg Index rising to 55.3 from 53.5 in May. That gave the market another big boost on Friday.

The ‘monthly strength period’ is due to continue through Thursday of next week.

But it’s not just seasonality that says the rally is probably only a short-term summer rally, with the correction likely to resume to lower lows when the rally ends.

Technically, volume in the rally is very light, less than 0.8 billion shares traded daily on the NYSE, compared to as many as 1.6 billion on the down-days during the correction. That indicates that large institutional investors selling during the correction, are not believers in the sustainability of the rally and are not participating.

Also technically, the unusual spike-up of the last five days has the major indexes already short-term overbought above their 21-day moving averages, the opposite of their short-term oversold condition two weeks ago.

On the economic fundamentals, another bailout of Greece, and a one-month bump in the ISM Mfg Index are hardly an indication that the economic slowdown has ended, given the continuing dismal reports on consumer spending, consumer and business confidence, the depressed housing industry, and the jobs picture.

So enjoy the rally. It arrived on schedule.

But be careful about determining too quickly that it marks an important bottom or the end of the global economic problems.’

Precious Metals: Long-Term Trend Positive, but Correction Not Overat Minyanville 

See It, Market: Gold and Silver Under Pressure at Minyanville 

Third Quarter Outlook: Life After QE ETF Trends  ‘…markets have been propped up by artificial support from the Fed …’

Will Your Pension Be Worthless? Mac Slavo | We know the Federal and State governments are in serious fiscal trouble.

US Fed’s QE2 stimulus ends with a fizzle AFP | Federal Reserve wound up its $600-billion “QE2″ program to boost the ailing economy.

Record 44.7 Million People Celebrate Geithner’s Departure And The End Of QE2 Through Foodstamps Zero Hedge | April participation in Supplemental Nutrition Assistance Program (SNAP), better known as “foodstamps”, shows yet another record, this time 44.647 million people.

Debt Increased More Under Geithner Than Under Any Treasury Secretary in U.S. History CNS News | Timothy Geithner oversaw the largest increase in the national debt of any Treasury secretary in American history.

MORE CONFIRMATION: The World Economy Is Rolling Over Business Insider | The latest batch of PMI data is confirming that the world economy is still rolling over.

While Criminal US Bankers Receive Golden Parachutes, Barbarian Afghanistan Has Just Arrested Executives Of Failed Kabul Bank Tyler Durden | Sometimes it is good to put things in perspective when comparing developed democracies like America and barbaric despotic dictatorships like Afghanistan.

Foreclosure backlogs swell nationwide States are wrestling with backlogs, exacerbated by homeowners who continue to fall behind on payments. Foreclosure properties become eyesores Foreclosures pit suburbia against Wall Street (Washington Post) [ It aint just the foreclosures that pits people against wall street and it aint just suburbia. No, there is no modern day alchemy that spins worthless paper into gold except fraudulently for the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing out’ for hard currency and gold, precious metals, at everyone else’s expense including main street. The catering to fraudulent wall street was a loser ab initio! That so-called ‘wealth effect’ market froth was used previously by senile ‘maestro’ greenspan and now ‘no-recession-helicopter-ben-bs-bernanke’ has failed miserably except for the frauds on wall street who commissioned up and down; and, make no mistake, those computer-programmed high-frequency trading volumes have now been maximized for nation-economy-draining profits for the frauds like never before and have never been higher. The QE and dollar-debasement policies were always predictably inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel good’ obfuscation that was but in reality good only for the frauds on wall street. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Jobless claims at 428,000 much worse than expected; and, don’t forget, these are desperate ‘pre-election times’ when regardless of reality, factual and otherwise (ie., fake reports, data, as, ie., ‘wobama hometown’ corrupt chicago ISM is up as even their youth gangs are showing increased criminal activity which probably accounts for the rise; ie., meth, crack labs, etc.?). Foreclosure, distressed sales up, at least on paper with contracts signed, so no surprise nor reason to cheer here, as markets worldwide jump on the american crazy train for a short-lived bounce as all problems remain. This is the same month end (and quarter, half) spurt / window dressing based on b***s*** alone to keep the suckers suckered and an especially great time to sell / take profits since there’s much worse to come! Talk about milking the greek crisis for the umpteenth time a so-called solution (and there are loads of greecy scenarios worldwide … I don’t think so and neither does Schaeffer who says: ‘…even once such a package is passed it only buys time. Actually fixing the fiscal condition of Greece is not something that can be solved in a matter of weeks, or even months…‘ but it’s great press for the churn and earn and to keep the suckers suckered. Technology rally? Defacto bankrupt american technology is horrendous but great sizzle for the new fraud as in the dotcom bust days. Then there’s the greasy b.s. new greecy b.s. factor. The rally into the close and the previous so-called (4 day) ‘rally’ was based on b***s*** alone to keep the suckers suckered and for ‘smarter money ‘ along with the frauds to sell into. This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Selling In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Wall Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press” Another Financial Crisis Is On The Way, Mobius Says Market Crash 6/30/11?Technical indicators suggest market collapse may begin by June 30th Dennis Slothower is one of the world’s leading technical analysts. He’s one of the few advisors whose readers completely avoided ALL losses during the disaster that was 2008. And now he’s issuing another dire warning. His technical indicators suggest that the market manipulation we’ve seen over the last several months is about to come to an end…and that means thousands of investors are about to get clobbered. This correction could begin as soon as June 30th– so it’s important that you take action now to prepare yourself. StealthStocksOnline.com STOCKS HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline..’ ] States face shortfall for retirees (WP) Public workers’ retirement funds had a gap of $1.26 trillion at the end of fiscal S&P Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell ‘Are equities positioned for a nosedive? [Unequivocally, yes! Jobless claims at 428,000 much worse than expected; and, don’t forget, these are desperate ‘pre-election times’ when regardless of reality, factual and otherwise (ie., fake reports, data, as, ie., wobama hometown corrupt chicago ISM is up as even their youth gangs are showing increased criminal activity which probably accounts for the rise, meth, crack labs, etc.?). Foreclosure, distressed sales up, at least on paper with contracts signed, so no surprise nor reason to cheer here, as markets worldwide jump on the american crazy train for a short-lived manipulated bounce as all problems remain. This is the same month end (and quarter, half) spurt / window dressing based on b***s*** alone to keep the suckers suckered and an especially great time to sell / take profits since there’s much worse to come! ] This week the S&P 500 surged 2.6% from a week ago, to close at 1,320. The equities index has nearly reversed its one-month drop, after closing at 1,331.10 on May 27.

At first glance, an auspicious close to both QE2 and the second quarter. Investors cheered news that Greece would avoid a near-term default on its debt. Still take a close look at the historical tight correlation between the S&P 500 and the four-week rolling average for initial jobless claims, and the equity recovery could be a temporary blip.

http://blogs-images.forbes.com/maureenfarrell/files/2011/06/6-30MFjobless.png

This chart plots the S&P 500 index against an inverse of the 4-week average of initial jobless claims. If you can excuse the tiny font, the chart illustrates a tight and curious correlation between these metrics since December 2006...’

FBI catches manipulators of stocks Case highlights the risks of penny stocks, which are easily manipulated because they trade so thinly and for extremely low prices -- sometimes fractions of a cent. (Washington Post) [ This is welcome news no matter what. The low end’s always been a favorite (though not excluding the higher end) of the mob who’ve been known to work closely with fraudulent wall street, cia (then there’s also the money laundering) ( http://albertpeia.com/FBIAgentAffidavit11.jpg ) . Yet, reality requires that the FBI, SEC, DOJ, etc., update their computer savvy / proficiency sufficient to fully understand and appreciate the magnitude and scope of the current wall street frauds / scams in terms of damages, efficiency, and cover-up so detrimental the health of this and other nations; economic, financial, and otherwise. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Jobless claims at 428,000 much worse than expected; and, don’t forget, these are desperate ‘pre-election times’ when regardless of factual reality (ie., fake reports, data, as, ie., ‘wobama hometown’ corrupt chicago ISM is up as even their youth gangs are showing increased criminal activity which probably accounts for the rise; ie., meth, crack labs, etc.?) fudged / faked data / reports are used / spun. Foreclosure, distressed sales up, at least on paper with contracts signed, so no surprise nor reason to cheer here, as markets worldwide jump on the american crazy train for a short-lived bounce as all problems remain. This is the same month end (and quarter, half) spurt / window dressing based on b***s*** alone to keep the suckers suckered and an especially great time to sell / take profits since there’s much worse to come! Talk about milking the greek crisis for the umpteenth time a so-called solution (and there are loads of greecy scenarios worldwide … I don’t think so and neither does Schaeffer who says: ‘…even once such a package is passed it only buys time. Actually fixing the fiscal condition of Greece is not something that can be solved in a matter of weeks, or even months…‘ but it’s great press for the churn and earn and to keep the suckers suckered. Technology rally? Defacto bankrupt american technology is horrendous but great sizzle for the new fraud as in the dotcom bust days. Then there’s the greasy b.s. new greecy b.s. factor. The rally into the close and the previous so-called (4 day) ‘rally’ was based on b***s*** alone to keep the suckers suckered and for ‘smarter money ‘ along with the frauds to sell into. This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Selling In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart. Wall Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press” climaxed Sunday  with a startling market prognostication from David Brooks, conservative columnist for the NY Times. The risk of a debt default over the combustible issue of the Medicare deficit hangs over the course of the stock market. Buyers Beware!“I was up in Wall Street  this week,” Brooks said. “They’re vastly underestimating the source of piolitical risk here. We could have a major problem, I think, either this summer or the next couple years. And I’d be worried about investing too much in the market. That’s my financial advice.”…’ Another Financial Crisis Is On The Way, Mobius Says Market Crash 6/30/11?Technical indicators suggest market collapse may begin by June 30th Dennis Slothower is one of the world’s leading technical analysts. He’s one of the few advisors whose readers completely avoided ALL losses during the disaster that was 2008. And now he’s issuing another dire warning. His technical indicators suggest that the market manipulation we’ve seen over the last several months is about to come to an end…and that means thousands of investors are about to get clobbered. This correction could begin as soon as June 30th– so it’s important that you take action now to prepare yourself. StealthStocksOnline.com STOCKS HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline..’ ] States face shortfall for retirees (WP) Public workers’ retirement funds had a gap of $1.26 trillion at the end of fiscal 2009 Study: Affordable rentals scarce (WP) Poll: For Obama, low marks on Afghan war (WP) More Americans disapprove of President Obama’s management of the war in Afghanistan than support it Fuel prices cut into Obama popularity (WP) They’ve used the contrived mideast turmoil and their wars to obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money--

House votes down SEC budget hike Agency has been seeking a budget increase to keep pace with its expanded responsibilities. (WP) [ No surprise here given the prior and continuing defacto complicity in wall street’s enormous frauds. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Report: SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman … Yet, one must ask what have they been doing and already getting paid for? Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud ) … I want just one person with courage enough to stand up and explain to all that these huge commissionable computerized trading volumes like never before are a net negative in a very big way … that’s a fact … that’s economic reality in real terms! … Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm

Is Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I mean, come on! This catering to fraudulent wall street was a loser ab initio! That so-called ‘wealth effect’ market froth was used previously by senile ‘maestro’ greenspan and failed miserably except for the frauds on wall street who commissioned up and down; and, make no mistake, those computer-programmed high-frequency trading volumes have now been maximized for nation-economy-draining profits for the frauds like never before and have never been higher. The QE and dollar-debasement policies were always predictably inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel good’ obfuscation that was but in reality good only for the frauds on wall street. No, there is no modern day alchemy that spins worthless paper into gold except fraudulently for the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing out’ for hard currency and gold, precious metals, at everyone else’s expense including main street. ] Milbank: Progressives voice anger at Obama (Washington Post) [ Progressives? Is that all, Mr. ‘wobama aficionado’, aka Mr. Milbank. How about the vast and overwhelming majority of this nation, and add in the rest of the world to boot. Robinson: Why does the Afghan war go on? (Washington Post) [ Well, there’s one person who minces no words as to why: Drudgereport: FARRAKHAN: 'THAT'S A MURDERER IN THE WHITE HOUSE'...

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.

THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

National / World

Washington Post Report: Media Matters: Is Glenn Beck the next Alex Jones? Washington Post | Beck “probably will fall into a category like Alex Jones, who has an audience but no influence,”says Rabin-Havt.

An Actionable Plan for 9/11 Truth and Justice Senator Mike Gravel | Awareness of the need for a new investigation of 9/11 is guaranteed regardless of whether any initiative is enacted into law or not.

TSA Repeats Same Lies About Safety Of Body Scanners Steve Watson | The TSA has simply repeated the same lies that are manifestly disproved by newly released internal government documents.

Russian Envoy: NATO Preparing Libyan Ground Invasion Kurt Nimmo | “I think that now we are witnessing the preparation stage of a ground operation,” said the Russian NATO envoy.

British Government Devised Propaganda Campaign To Downplay Fukushima Paul Joseph Watson | Emails reveal “scandalous collusion” with nuclear industry, talking points were also parroted by global warming alarmists.

Founders Without Whom America Would Not Exist Chuck Baldwin | I think it would be good to remind ourselves of who those men were that counted the cost and paid the price to bring this land of liberty into existence.

NEXT QUESTION ON STRAUSS-KAHN: Was He Set Up? Business Insider | Did someone set Strauss-Kahn up?

Unemployment: No Extended Benefits For People Laid Off From Now On Arthur Delaney | Will not be eligible for any of generous extended unemployment benefits layoff victims have received from government since 2008.

White House to pay $37 million in salaries for 2011

Ron Paul outraises Jon Huntsman, Tim Pawlenty with $4.5+ million The State Column | Republican presidential candidate Ron Paul announced Friday that his campaign has raised $4.5 million during the second quarter of 2011.

India Offers Free Cars In Return For Sterilization BBC News | Health officials in the Indian state of Rajasthan are launching a new campaign to try reduce the high population growth in the area.

TSA Repeats Same Lies About Safety Of Body Scanners Steve Watson | The TSA has simply repeated the same lies that are manifestly disproved by newly released internal government documents.

Radioactive Waste Dumped in Open Pits Outside Los Alamos National Lab Washington’s Blog | To understand why a raging wildfire near the Los Alamos National Laboratory is a big deal, you must understand how wastes were disposed.

Tarpley from Tripoli: Take fishing boat and you’ll be drone-bombed RT | Investigative journalist Webster Tarpley, who’s in Tripoli, shared his views with RT.

AFRICOM: AF, Navy still flying Libya missions Air Force Times | Air Force and Navy aircraft are still flying hundreds of strike missions over Libya despite the Obama administration’s claim that American forces are playing only a limited support role in the NATO operation.

Russian Envoy: NATO Preparing Libyan Ground Invasion Kurt Nimmo | Dmitry Rogozin told RIA Novosti on Friday that NATO is probably preparing a ground invasion to overthrow the Gaddafi regime in Libya. Rogozin is Russia’s NATO envoy.

British Government Devised Propaganda Campaign To Downplay Fukushima Paul Joseph Watson | Emails reveal “scandalous collusion” with nuclear industry, talking points were also parroted by global warming alarmists.

Will Barack Obama Use The 14th Amendment As A Way To Get Around The Debt Ceiling? The Economic Collapse | A number of voices are now touting the 14th Amendment as a way to get around the debt ceiling.

Airport scanner row leaves angry doctor grounded as he claims machines may cause cancer UK Daily Mail | A hospital consultant was grounded after he refused to go through a ‘naked’ X-ray scanner.

13 die as van hits roadside bomb in Afghanistan

Minnesota government shuts down Politico | Minnesota’s government shut down at midnight local time Friday after six months of negotiations.

10 Reasons Why Lindsay Lohan Is Right About The Federal Reserve And The Price Of Food The American Dream | Does Lindsay Lohan understand monetary policy better than Ben Bernanke does? The other day, her Twitter account sent out the following message: “Have you guys seen food and gas prices lately? U.S. $ will soon be worthless if the Fed keeps printing money!” Well, it turns out that it was a “sponsored tweet” that Lohan was paid to send out, but in a subsequent tweet Lohan explained that “i actually do care about gas and food prices, so whether it’s an #ad or no, it’s important for people to be aware of it.” Okay, so we probably will not see Lohan at any “End the Fed” rallies, but it turns out that in her own bizarre way she has brought a little bit of attention to some very important issues. Food and gas prices are skyrocketing, and a lot of the blame for that can be placed on the shoulders of the Federal Reserve.

So does Lindsay Lohan really understand what is going on in the world of economics? Of course not.

But if we can get celebrities talking about the Federal Reserve and rising prices that is a good thing. Why?

Well, because Americans listen to celebrities. When a top celebrity says something controversial it gets a lot of attention. The more attention that we can draw to the problems the Federal Reserve is creating the better.

The reality is that the Federal Reserve has been at the heart of our economic problems for decades but most Americans don’t understand the Fed or how it works. The more Americans that get educated about the Federal Reserve the better.

The following are ten reasons why all Americans should be concerned about the Federal Reserve and rising food prices….

#1 What we are witnessing right now is part of a long-term inflationary trend. Since the Federal Reserve was created in 1913, the U.S. dollar has lost over 95 percent of its value. An item that cost $20.00 in 1970 would cost you $116.48today. An item that cost $20.00 in 1913 would cost you $456.49 today.

#2 Over the past couple of years, the Federal Reserve has used a process called “quantitative easing” to pump hundreds of billions of new dollars into the financial system. This has helped push the cost of food, gas and just about everything else up. Even though “QE2″ has now come to an end, the Federal Reserve has announced that they are going to continue to “reinvest” hundreds of billions of dollars into the financial system.

#3 The Federal Reserve is not the only central bank that has been doing this sort of thing. Sadly, central banks all over the world have been recklessly printing money over the past several years. This is creating inflation all over the planet.

#4 Prices are going up but wages are not. One recent survey found that 9 out of 10 U.S. workers do not expect their wages to keep up with soaring food prices and soaring gas prices over the next 12 months.

#5 We have already seen a tremendous amount of food inflation in the United States during the last 12 months. According to a recent CNBC article, over the past year many of the most popular foods in America have absolutely skyrocketed in price….

Coffee, for instance, is up 40 percent. Celery is 28 percent higher while butter prices rose 26.4 percent. Rounding out the top five are bacon, at 23.5 percent, and cabbage, at 23.3 percent.

#6 In many areas of the world food inflation is far worse than it is in America. Over the past year, the global price of food has risen by 37 percent and this has pushed approximately 44 million more people around the world into poverty.

#7 When the Federal Reserve and other central banks create new money, it usually goes to big banks and major financial institutions first. So what have the big banks and the major financial institutions been doing with this new money? Well, they have been sinking a lot of it into hard assets such as oil, precious metals and agricultural commodities. Over the past 12 months, almost every single agricultural commodity has risen substantially in price. For example, the global price of wheat has approximately doubled over the past year. But it is not just wheat that has been skyrocketing. Check out what a recent Bloomberg article had to say about what has been happening to many key agricultural commodities over the past year….

Corn futures advanced 77 percent in the past 12 months in Chicago trading, a global benchmark, rice gained 39 percent and sugar jumped 64 percent.

#8 Many areas of the world are experiencing severe drought right now, and this is also harming food prices. For example, the Horn of Africa is experiencing the worst drought that it has seen in 60 years.

#9 The United States is also having crop problems as well. All of the flooding, wildfires and tornadoes that we have seen this year have certainly not helped things. There is even a major “east coast stink bug epidemic” which is causing chaos for large numbers of farmers. In general, U.S. agricultural production has not been blessed this year. It just seems like there is crisis after crisis.

#10 A lot of agricultural production that would go for food is now going for other purposes. For example, almost a third of all corn grown in the United States is now used for fuel. This is putting a lot of stress on the price of corn.

So how concerned about food prices should we be?

Well, renowned investor Jim Rogers recently put it this way….

“We’ve got to do something or we’re going to have no food at any price at times in the next few years.”

That doesn’t sound good.But it is not just the price of food that is going up. The price of gas has also gotten crazy.Right now, the average price of a gallon of gasoline in the United States is approximately $3.54 .One year ago, it was $2.76. Thankfully, the price of gas has actually come down a bit recently. Earlier this year it hit $3.99.

Sadly, back in the 90s you could go to just about any gas station and fill up for about a dollar a gallon. Over the past couple of years we have gotten comfortable with outrageous gas prices, but the reality is that what we are seeing now is part of a very disturbing long-term trend….

Health care costs are also spinning out of control. In a recent article abouthealth care statistics, I noted some of the stats that show that the price of health care in the U.S. has been absolutely soaring. The following are a couple of those statistics….

*According to the Bureau of Economic Analysis, health care costs accounted for just 9.5% of all personal consumption back in 1980. Today they account for approximately 16.3%.

*The United States spent 2.47 trillion dollars on health care in 2009. It is being projected that the U.S. will spend 4.5 trillion dollars on health care in 2019.

Education has also gotten insanely expensive as well. In a recent article I wrote entitled “Is College Worth It?“, I noted that since 1978 the cost of college tuition in the United States has gone up by over 900 percent.

Today, Average yearly tuition at U.S. private universities is up to $27,293. That number has soared by 29% in just the past five years.

Unfortunately, it appears that things are going to get even worse. Thanks to dramatic budget cuts by many state governments, it is being projected that college tuition costs are going to rise even faster this year.All of these rising prices are really squeezing the budgets of families all across America.

Things are getting really tough out there.So if food prices keep going up this rapidly, what are we all going to eat?Well, one scientist claims that he has been able to create an “edible steak” out of human feces.How gross is that?

But don’t laugh – if the price of food keeps going up this rapidly many Americans might have to literally eat garbage someday.

The U.S. economy is in the middle of a long-term economic decline and thousands more Americans fall out of the middle class every single day.

Until the past couple of years, the vast majority of Americans believed that things would always be wonderful in America.

Now that has completely changed.

According to a new poll by CBS News and The New York Times, 39 percent of Americans believe that the U.S. economy has now entered a “permanent decline”.

As prices continue to rise, the number of American families that will not be able to put food on the table is going to continue to go up. Already there are 44 million Americans on food stamps. People are going to get desperate. Society is going to continue to crumble.

So yes, there are lots of reasons why Lindsay Lohan and everyone else in America should be very concerned about the Federal Reserve and the price of food.

Once our economic prosperity is gone it is going to be incredibly difficult to get back.’

Gerald Celente: ‘IMF – International Mafia Federation’ RT | Gerard Celente, the director of the Trends Research Institute, shares his thoughts.

TOP 11 TRENDS OF 2011 THE MID-JANUARY ISSUE OF THE TRENDS JOURNAL WILL FEATURE OUR “TOP TRENDS 2011” — The Trends Research Institute’s compendium of the dominant trends for the year ahead. The following synopses of these trends provide insights into some of what to expect. After the tumultuous years of the Great Recession, a battered people may wish that 2011 will bring a return to kinder, gentler times. But that is not what we are predicting. Instead, the fruits of government and institutional action – and inaction – on many fronts will ripen in unplanned-for fashions. Trends we have previously identified, and that have been brewing for some time, will reach maturity in 2011, impacting just about everyone in the world.

1. Wake-Up Call In 2011, the people of all nations will fully recognize how grave economic conditions have become, how ineffectual and self-serving the so-called solutions have been, and how dire the consequences will be. Having become convinced of the inability of leaders and know-it-all “arbiters of everything” to fulfill their promises, the people will do more than just question authority, they will defy authority. The seeds of revolution will be sown….
2. Crack-Up 2011 Among our Top Trends for last year was the “Crash of 2010.” … equity markets were no longer a legitimate indicator of recovery or the real state of the economy. Yet the reliable indicators (employment numbers, the real estate market, currency pressures, sovereign debt problems) all bordered between crisis and disaster. In 2011, with the arsenal of schemes to prop them up depleted, we predict “Crack- Up 2011”: teetering economies will collapse, currency wars will ensue, trade barriers will be erected, economic unions will splinter, and the onset of the “Greatest Depression” will be recognized by everyone….
3. Screw the People As times get even tougher and people get even poorer, the “authorities” will intensify their efforts to extract the funds needed to meet fiscal obligations. While there will be variations on the theme, the governments’ song will be the same: cut what you give, raise what you take.
4. Crime Waves No job + no money + compounding debt = high stress, strained relations, short fuses. In 2011, with the fuse lit, it will be prime time for Crime Time. As Gerald Celente says, “When people lose everything and they have nothing left to lose, they lose it.” Hardship-driven crimes will be committed across the socioeconomic spectrum by legions of the on-the-edge desperate who will do whatever they must to keep a roof over their heads and put food on the table….
5. Crackdown on Liberty As crime rates rise, so will the voices demanding a crackdown. A national crusade to “Get Tough on Crime” will be waged against the citizenry. And just as in the “War on Terror,” where “suspected terrorists” are killed before proven guilty or jailed without trial, in the “War on Crime” everyone is a suspect until proven innocent….
6. Alternative Energy In laboratories and workshops unnoticed by mainstream analysts, scientific visionaries and entrepreneurs are forging a new physics incorporating principles once thought impossible, working to create devices that liberate more energy than they consume. What are they, and how long will it be before they can be brought to market? Shrewd investors will ignore the “can’t be done” skepticism, and examine the newly emerging energy trend opportunities that will come of age in 2011….
7. Journalism 2.0 Though the trend has been in the making since the dawn of the Internet Revolution, 2011 will mark the year that new methods of news and information distribution will render the 20th century model obsolete. With its unparalleled reach across borders and language barriers, “Journalism 2.0” has the potential to influence and educate citizens in a way that governments and corporate media moguls would never permit. Of the hundreds of trends we have forecast over three decades, few have the possibility of such far-reaching effects….
8. Cyberwars Just a decade ago, when the digital age was blooming and hackers were looked upon as annoying geeks, we forecast that the intrinsic fragility of the Internet and the vulnerability of the data it carried made it ripe for cyber-crime and cyber- warfare to flourish. In 2010, every major government acknowledged that Cyberwar was a clear and present danger and, in fact, had already begun. The demonstrable effects of Cyberwar and its companion, Cybercrime, are already significant – and will come of age in 2011. Equally disruptive will be the harsh measures taken by global governments to control free access to the web, identify its users, and literally shut down computers that it considers a threat to national security….
9. Youth of the World Unite University degrees in hand yet out of work, in debt and with no prospects on the horizon, feeling betrayed and angry, forced to live back at home, young adults and 20-somethings are mad as hell, and they’re not going to take it anymore. Filled with vigor, rife with passion, but not mature enough to control their impulses, the confrontations they engage in will often escalate disproportionately. Government efforts to exert control and return the youth to quiet complacency will be ham-fisted and ineffectual. The Revolution will be televised … blogged, YouTubed, Twittered and……..’

U.S.: Iran behind rising troop deaths Officials accuse Iranian special forces unit of supporting Iraqi militia groups suspected in attacks. Pentagon costs rising fast, CBO warns (Washington Post) [ ‘Costs rising fast’ Well, that’s always been the point; viz., keep those budgets bulging, for theirs and the military industrial complex’ sake. Oh, riiiiight! Iran’s the one … Iran’s the boogey man … forget that the invasion of Iraq and consequent war crimes were based upon lies known to be false! No … reality and rationality says that pervasively corrupt, defacto bankrupt america is ultimately behind and responsible for all troop deaths in their misguided, nation-destroying, nation-bankrupting, people-killing illegal wars. How much will our wars cost? Report says $4 trillion U.S. cost of war at least $3.7 trillion and counting The final bill will run at least $3.7 trillion and could reach as high as $4.4 trillion, according to the research project “Costs of War” by Brown University’s Watson Institute for International Studies. Pragmatism may define Gates’s legacy Defense secretary may not be remembered for any grand ideas but for his stewardship of two wars. (Washington Post) [ What? What’s this? What parallel universe is this that talks of gates’ pragmatism. Legacy? What legacy? More contrived, needless war? More defacto bankruptcy and depletion of treasury for this and other nations? For those who think there’s strategic thinking behind these global blunders I say ‘wake up’ … look around you … smell the dead roses! Not that panetta is any better having turned this nation into but a piñata much like the failed predispositions which have brought down his home state (pelosi’s, feinstein’s anyone?). Unless measured in terms of increased heroin trade in Afghanistan, an increased cia / Hegelian approach to global matters leading ineluctably to new self-created needs for actions to dispel the ever increasing new problems resulting from their misguided acts, his tenure must be considered as much a failure as the failed presidents he’s served so dutifully; and, expect worse from piñata-man panetta. Like a psychotic serial arsonist employed in a fire department, creating the very devastating fires they’re called upon to put out, these appointees are lose – lose scenarios for everyone. Official: U.S. drone strikes at Somali militants The airstrike makes Somalia at least the sixth country where the U.S. is reportedly using drone aircraft to conduct lethal attacks. The latest target: senior members of a militant group linked to al-Qaeda. (Washington Post) [ It isn’t often I get a chance to commend military action these days; but, I really hate somalians … Well done! … I’ll not forget the way they paraded those 18 dead rangers on a peace mission around … If up to me, I’d have made 18 square miles of Mogadisho one big cemetery / parking lot (I’m not kidding!). Deaths of four Americans reflect increasing violence of Somali piracy (Washington Post) [ Drudgereport: U.S. Warship Tracking Yacht Hijacked by Somali Pirates... [ I realize there are ‘laws of the sea’ / codified bodies of law within that broad yet very specific category called ‘maritime law’, none of which I know nor care to know (I’ll content myself to knowing and seeing to the enforcement of american law as pertains to me; viz., RICO http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm . I do know that these somali pirates need killin’ and I further believe that open season on them including using their boats in the water for target practice makes sense and certainly is morally justified. I’m tired of hearing about those little weasels … you know, ‘the skinnies’. ] VIDEO: EU Naval Forces Fight Piracy off Somali Coast [ Yeah! With all their nation-bankrupting, self-defeating, wasteful, adventuring, warring for no good reason in Afghanistan, etc., I have been at a loss to understand why they are not blasting the skinnies out of the water, along with bombing the skinny-places of refuge!

House rejects Obama’s Libya policy Lawmakers vote down a measure that would authorize mission, but stop short of cutting funding. (Washington Post) [ Ah, riiiiight! The worst of both worlds. ‘Cutting the baby in half’ probably their most politically expedient solution to appeasing their respective ‘support groups’. Though not the kind of group therapy support groups that immediately come to mind, one laments the various elements of the pervasively corrupt u.s. government are not receiving the kind of psychotherapy they need by way of group therapy or otherwise. Speaking of spending cuts, here’s one they ‘dare not do’: House votes down SEC budget hike Agency has been seeking a budget increase to keep pace with its expanded responsibilities. (Washington Post) [ No surprise here given the prior and continuing defacto complicity in wall street’s enormous frauds. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Report: SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman … Yet, one must ask what have they been doing and already getting paid for? Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud ) … I want just one person with courage enough to stand up and explain to all that these huge commissionable computerized trading volumes like never before are a net negative in a very big way … that’s a fact … that’s economic reality in real terms! … Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm

Focus Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs, extinction, at least in a manner of speaking. Global information exchange at lightning speed has made such throwbacks to a lost era, propaganda, and maladaptive traits foolish at best, deadly at worst. Intelligent people worldwide aren’t buying the obsolete, Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc.; more specifically, diversion of the masses from the glaring failures of leadership, economic and otherwise.

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.

THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

U.S. looking into 2 detainee deaths A federal prosecutor deepens inquiry into agency’s harsh interrogation practices during the Bush administration, U.S. officials say. (Washington Post) [ Oh, riiiiight! That’ll happen … come on! Fishing for headlines at best, and a futile, self-deluding attempt to make them feel better about themselves. Everyone knows that bush et als are war criminals and should be in jail. Moreover, wobama et als have taken over where dumbya bush et als left off despite campaign promises to the contrary. Robinson: Why does the Afghan war go on? (Washington Post) [ Well, there’s one person who minces no words as to why: Drudgereport: FARRAKHAN: 'THAT'S A MURDERER IN THE WHITE HOUSE'... Kick the can (Washington Post) [ I totally agree with Mr. Robinson; namely, they all need a kick in the can … you know, that ‘washington establishment’ that have failed all so miserably. Well, I know that’s not what he really meant. But, ‘do no harm’? Methinks it’s too little, too late no matter what they do to avoid that! Market Crash 6/30/11?Technical indicators suggest market collapse may begin by June 30th Dennis Slothower is one of the world’s leading technical analysts. He’s one of the few advisors whose readers completely avoided ALL losses during the disaster that was 2008. And now he’s issuing another dire warning. His technical indicators suggest that the market manipulation we’ve seen over the last several months is about to come to an end…and that means thousands of investors are about to get clobbered. This correction could begin as soon as June 30th– so it’s important that you take action now to prepare yourself. StealthStocksOnline.com

JFK {Platoon , Wall Street , Natural Born Killers , W. , Wall Street: Money Never Sleeps } [And yes; I also believe there’s been a coup d’etat in pervasively corrupt, defacto bankrupt, banana republic america, gunboat diplomacy, plundering the treasury, and all! ] [I saw ‘JFK’ for the first time today and must say, though preoccupied at the time (1992) with other things (RICO and consequent substantial pressure from various nefarious elements, mob, mob-connected / controlled, corrupt government-state,local,federal, etc.. ) I was ‘hoodwinked’ by mainstream media critics who for the most’ ho-hummed’ the film as more of the same conspiracy stuff the factual basis for which I was already familiar with; and hence, disinclined to make any significant effort to view same. Boy, were they and derivatively I wrong! I am totally astounded by the insightful documentation in this film, so masterfully presented in cinematic form. If at all, Stone seemed shy about presenting even reasonable inferences from facts so strictly set forth. By leading with actual speech footage from who I believe to have been america’s last great president / leader, the substantially underrated President General Eisenhower who warned of the dangers inherent to the military / industrial complex, Stone set the tone for what I believe to have been the most courageous and significant warning of the current national and global crises confronting the nation and world today and the reasons therefore (his negative exposés of wall street, inherent american criminality, W, etc., complement and support his theme while revealing his wide range, wisdom, and talent). (I must say that I liked Ronald Reagan, as I’ve previously said I like Robert Redford, as being very likeable guys - I’m also conservative, but not to a fault – his rational approach and results with Gorbachev were his most significant accomplishments. Parenthetically and coincidentally, I also saw for the first time this same day, Reagan in ‘Bedtime for Bonzo’; and, I was shocked that it was better than I could have possibly imagined and hardly the stuff warranting the mocking he got for same on the political trail … do you think it was just a foreboding of the nation’s current predicament with ‘wobama the b’ (for b***s***); and yes, I do have that ‘birther wobama family portrait’ on my website front page http://albertpeia.com . In sum, the inherently criminal behaviors of americans as depicted are all too real and an auspicious sign indicative of corruption across the board and through all levels of u.s. government. In light thereof, I’m compelled to wonder as previously set forth and infra, whether my trust in and affinity for the FBI will have been ultimately proven to have been contraindicated in fact and reality; and hence, as I ponder, a maladaptive personal trait / flaw. Stated another way, should having then done the deal with the mob for the money despite personal ethics and oath militating against same have been the correct choice in pervasively corrupt america. It certainly up to this point would have been the most expedient, efficacious, and adaptive choice in pervasively corrupt, inherently criminal america. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]

The purported leaders today; compromised, cowardly, criminal puppets all, the story of pervasively corrupt, defacto bankrupt america today.

Biological Anthropologist: Match.com Akin to "Ancestral Mating Dance"at Minyanville 

Drudgereport: TEMPLETON chairman: Financial Crisis 'Around Corner'...
'WE ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...'
CHINA: USA 'ALREADY DEFAULTING'...
DOLLAR TO 'LOSE RESERVE STATUS'

Economy Expected to Have Major Slide in Months Ahead...
UPDATE: Minnesota Government Shuts Down...
Washington state closes tourism office...
Florida state workers get pink slips, more cuts ahead...

FEDS STRIKE DOWN STATE'S BAN ON RACE CONSIDERATION IN COLLEGE ADMISSIONS...

SoCal Looks to Secede from California...

REPORT: U.S. Air Force, Navy still flying hundreds of missions over Libya...(FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA...)
NEW IMF CHIEF FROM CHICAGOLAND...
MARK HALPERIN CALLS OBAMA 'A DICK' ON LIVE TV...
POLL: Obama 42%, any Republican 46%...
Campaign signals fundraising fail...
Jewish Dems Losing Faith...
John Kerry: 'I Would Have Been a Good President, Maybe Even a Great One'...
GETTING NERVOUS

NEWT: Obama 'most successful food stamp president in American history'...

Bachmann: Media wants 'to see two girls come together and have a mud wrestling fight'…[Well, I don’t know about the mud wrestling, but voyeurs all, ‘come together’ sounds about right … playing ‘victim’ does not become a presidential candidate. ] ...

Palin: Hollywood stars as 'full of hate'... ["What would make someone be so full of hate?" palin asks … answer: resistance to someone as dumb and full of war-mongering hate as she is! ]

REPORT: NATO forces ARE trying to assassinate Qaddafi...

Los Alamos under siege from wildfire...
'Throwing absolutely everything at this that we got'...

BLAGO LIKELY HEADED TO PRISON...
'What happened?'
But he gets to keep his hair...
Fitz finally wins one!

GUILTY IN CHICAGOLAND...
17 of 20 counts...
Tried To Sell Obama's senate seat...
Jury DEADLOCKED on Rahm shakedown...
Blago to lawyer: 'What happened?'
'Stunned'...

JOBLESS WEAK: 429,000...
...disappointed
Economic trouble puzzles Fed chief...

FARRAKHAN: 'THAT'S A MURDERER IN THE WHITE HOUSE'...
THE NEW 'NORMAL'
GALLUP PLUNGE...
Approval -4, disapproval +5 -- in one day!

DOWN TO THIRD: USA 'TO FALL BEHIND INDIA' IN TRADE...
DEM FIX: MORE SPENDING!
Bernanke speaks, stocks sink...
FORBES: 'Admits he's clueless'...

CBO: Long-Term Debt Picture Worsens...
Would reach 101% of GDP by 2021...
STUDY: State, local gov'ts must raise taxes $1,400 a year for 30 years to fund pensions...

Millionaires shrug off downturn; Wealthy richer than before crisis...

Zuckerman: 'We now have more idle men, women than at any time since Great Depression'...

SHOCK POLL: ONLY 3 in 10 WILL VOTE FOR OBAMA...
66% say US headed in 'wrong direction'...

Greece Agrees on New Austerity Plan With EU, IMF...
ANGER IN ATHENS...
'BLACK HOLE'...

WH TRANSCRIPT: 'Over the last 15 months we’ve created over 2.1 million private sector jobs. (Laughter.)'...

REPORT: GANNETT to slash more jobs across the country… [ No surprise here for this pathetic shill, rag publisher. The only real newspaper consistent with a tradition of courage, excellence, and respect for the first amendment is The Washington Post …] ...

DEBT TALKS BREAKDOWN; TAX BUST

S&P: Risk of U.S. credit rating downgrade increased...

Chicago county faces $108 billion gap in pensions....

Greek Streets 'Explosive'...
PM wins confidence vote 'but outlook remains dire'...

Huntsman announces presidential bid at Statue of Liberty...
Harry Reid endorses...
Bachmann surges to primary lead...

Iraq hunting $17 billion missing after U.S. invasion...
NATO NIGHTMARE: 9 CIVILIANS KILLED [NATO strike kills 15 Libyan civilians]

Census: Whites lose majority among babies...
German Giant Says US Workers Lack Skills...
PAPER: AMERICA'S LOST DECADE?
States look to Internet taxes to close budget gaps...

SPANIARDS ON MARCH OVER BLEAK PROSPECTS...

House will move this week to limit funding for effort in Libya...

'DON'T BE SURPRISED IF ATHENS GOES UP IN FLAMES'...
GREEK PM PLEADS FOR UNITY!
...warns against default
Threat to downgrade Italian debt raises contagion fears...
Princess Diana Conspiracy Movie Headed to Theaters... [ Uh, oh! Time to gear up the already harsh ‘censors’ in england. ]

PAPER: AMERICA'S LOST DECADE?

Bachmann: Obama 'has failed' blacks, Hispanics... [ Come on! ‘Wobama the b’ (for b***s*** has failed everyone. ]
Presidential no-show miffs Hispanics...
African-American unemployment at 16%... [ But there’s rationality in this stat as people avoid their disgustingly uncivilized noisy rap ‘boomboxes’. Then there’s the attitude. I truly believe from direct experience that even when their outright aggression, assaults on persons and the senses, and otherwise obnoxious behavior is not apposite, the personality disorder ‘passive / aggressive’ is applicable, however indirectly expressed. ]

SHE'S OFF! (on the road again) Michelle Obama embarks on Africa visit … (stay there!) ...
Michelle Obama Admits: 'Fortunately, We Have Help From The Media'...
CHICAGOLAND: Rahm's Top Cop Blames Gangs, Crime on 'Gov't-Sponsored Racism'...
Likens federal gun laws to 'racism'...

Teen Mob Of 50 Hits Chicago WALGREENS...
Teen brutally beaten by mob of blacks; cops mull 'lynching' charge...
Princess Diana Conspiracy Movie Headed to Theaters... [ British queen arrives in Ireland Queen Elizabeth II’s visit overshadowed by security scares. (Washington Post) [ ‘How sweet she is’ … that ‘sweet liz’ … that is … Diana film causes stir at Cannes “Unlawful Killing” has a combination of celebrity, controversy and canny hype-mongering. (Washington Post) [ Let’s not kid ourselves … and, Dodi Fayed’s father was no dope and knew the score. Indeed, it’s not coincidental that William’s the over-riding favorite of granny Liz II; after all, Harry’s the bastard son of Hewitt (don’t buy into their DNA proffer which they did buy – you know, that ‘bloodline thing’). Moreover, it was reported that Diana had another ‘potential challenger in the oven’ at the time of her death and we all know how dicey such english affairs of state can be (ie., Henry VIII, Richard III, etc.). Then there’s the contempt of Diana for having brought the son of her bosom, Chas, down. Do I think she said flat out ‘kill Diana’. No … more of a ‘do what’s necessary’ to mi6 et als. Ultimately, William will require some substantial therapy to sort out this looming conflict. After all, Diana was his mother. Drudgereport: British woman decapitated in grocery store; killer flees with head... Cannes: Diana doc slams UK royals as 'gangsters'... ]

Dick Bové: Lost Finance Jobs Are Gonna Stay That Way…FOREVER

S&P Reaches Possible Reversal Point at Minyanville

Watch the Market, Not CNBC at Forbes

The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Jobless claims at 428,000 much worse than expected; and, don’t forget, these are desperate ‘pre-election times’ when regardless of reality, factual and otherwise (ie., fake reports, data, as, ie., ‘wobama hometown’ corrupt chicago ISM is up as even their youth gangs are showing increased criminal activity which probably accounts for the rise; ie., meth, crack labs, etc.?). Foreclosure, distressed sales up, at least on paper with contracts signed, so no surprise nor reason to cheer here, as markets worldwide jump on the american crazy train for a short-lived bounce as all problems remain. This is the same month end (and quarter, half) spurt / window dressing based on b***s*** alone to keep the suckers suckered and an especially great time to sell / take profits since there’s much worse to come! Talk about milking the greek crisis for the umpteenth time a so-called solution (and there are loads of greecy scenarios worldwide … I don’t think so and neither does Schaeffer who says: ‘…even once such a package is passed it only buys time. Actually fixing the fiscal condition of Greece is not something that can be solved in a matter of weeks, or even months…‘ but it’s great press for the churn and earn and to keep the suckers suckered. Technology rally? Defacto bankrupt american technology is horrendous but great sizzle for the new fraud as in the dotcom bust days. Then there’s the greasy b.s. new greecy b.s. factor. The rally into the close and the previous so-called (4 day) ‘rally’ was based on b***s*** alone to keep the suckers suckered and for ‘smarter money ‘ along with the frauds to sell into. This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Selling In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart. Wall Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press” climaxed Sunday  with a startling market prognostication from David Brooks, conservative columnist for the NY Times. The risk of a debt default over the combustible issue of the Medicare deficit hangs over the course of the stock market. Buyers Beware!“I was up in Wall Street  this week,” Brooks said. “They’re vastly underestimating the source of piolitical risk here. We could have a major problem, I think, either this summer or the next couple years. And I’d be worried about investing too much in the market. That’s my financial advice.”…’ Another Financial Crisis Is On The Way, Mobius Says Market Crash 6/30/11?Technical indicators suggest market collapse may begin by June 30th Dennis Slothower is one of the world’s leading technical analysts. He’s one of the few advisors whose readers completely avoided ALL losses during the disaster that was 2008. And now he’s issuing another dire warning. His technical indicators suggest that the market manipulation we’ve seen over the last several months is about to come to an end…and that means thousands of investors are about to get clobbered. This correction could begin as soon as June 30th– so it’s important that you take action now to prepare yourself. StealthStocksOnline.com STOCKS HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline..’ ] States face shortfall for retirees (WP) Public workers’ retirement funds had a gap of $1.26 trillion at the end of fiscal 2009 Study: Affordable rentals scarce (WP) Poll: For Obama, low marks on Afghan war (WP) More Americans disapprove of President Obama’s management of the war in Afghanistan than support it Fuel prices cut into Obama popularity (WP) They’ve used the contrived mideast turmoil and their wars to obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money--

Going Short the Dow at Minyanville / Dangerfield [ Because of the inherently dangerous nature of short-selling (potential loss of more than your investment, though straddles, option strategies can militate against said risk) I consider same more a speculation than investment strategy. Yet, in this contrived, manipulated (for month, quarter, half window dressing), overpriced market, I’m constrained to say that if you were so inclined to try your hand at it, now would be a perfect time. ]  The Dow, or the way I play it the Diamonds (NYSE:DIA) ran right into that top Bollinger Band on Thursday.  Plus the weekly DIA shows a bounce from the bottom Bollinger Band to the Middle Bollinger Band, where many rallies stall during a downtrend.  (I can’t really show this chart, but you can check it out on Stockcharts.com) Friday is the end of the quarter.  Can we go higher?  Of course.  But my money’s going on a two to three hundred point drop in the Dow.  I think the shorts have covered and it’s about time for the downtrend to reassert itself. I’m shorting the DIA in the morning.  Yes, I know I may have to pay some yield. http://blogs.minyanville.com/idril-dangerfield/files/2011/06/DIA-6-29-11-300x162.png

3 Stocks Driving Markets Up June 30th Wall St. Cheat Sheet

AAII Survey: Bullish Sentiment At Highest Level Since April at Forbes 

Top 3 Reasons Markets Were Up At the End of QE2 Wall St. Cheat Sheet

All Dressed Up [ and nowhere to go … but down! ] at The Wall Street Journal Mark Gongloff ‘The week-long stock rally got turbocharged today, pushing the Dow easily into the black for the quarter and nearly bringing the S&P with it. How long it lasts is a different story.

The Dow jumped 153 points today and is up 480 points, or 4%, in the past 4 days. This is the biggest four-day percentage gain since last September. The Dow ended the quarter 0.5% higher and is now 7% higher on the year.

The S&P and Nasdaq each gained 1% on the day and are up 4% and 4.5%, respectively, for the 4-day run. Both ended the quarter slightly in the red.

If there was any downside to this up-fest, it was the financials, which gained just 0.4% on the day. But they’re the only sector in the S&P 500 still down for the year. Everything else is up, as are the Russell 2000 and the Dow Transports, which dipped into the red for a while there.

Bonds, meanwhile, have gotten crushed during this stretch, pushing the yield on the 10-year note up 35 basis points, from 2.8% to 3.15%. The dollar’s down, too, with the euro surging to $1.45.

So what does it all mean? Dave earlier pointed to signs the market may be expecting an economic rebound. So far we have only one Chicago PMI report to support hopes of a big bounce in growth, but OK.

There’s also Greece, whose day of reckoning has been postponed for a little while longer.

And finally there’s quarter-end window dressing, which still seems to make a lot of sense as a theory, given the utter lack of volume during the stock-buying frenzy (though the bond-selling frenzy has seen quite a lot of volume).

To me, it feels more like a combination of all three — we’re pricing out economic collapse and an imminent Greek default, while also prettying up the numbers at the end of the quarter.

Fair enough. From here the sledding gets harder. The economic data aren’t going to be pretty for a little while, and earnings expectations are too high. And QE2, which boosted stocks by 25%, has sailed for the last time.’

Minyanville's T3 Daily Recap: Was This Week's Rally Anything More Than 2nd Quarter Window-Dressing? [ No! ] at Minyanville

US STOCKS SNAPSHOT-Wall St briefly pares gains after jobs data NEW YORK, June 30, 2011 8:45am (Reuters) - U.S. stock index futures briefly pared gains on Thursday after a report showed new jobless claims fell less than expected but optimism over Greece's austerity plan was set to extend a three-day rally for stocks.

Moody's warns may downgrade U.S. muni debt ratings

Why The Dow Will Plunge To 7,000 By 24/7 Wall St. June 28, 2011 ‘One theory of economics says that any market can return to a point where it has been in the past. The Great Recession was, by some measures as bad as the Great Depression. Unemployment was 3.6% in November 1966. It was at 4% in December 1999. There is no precedent for zero unemployment, but those two periods came close.

Recent movements in the stock market could repeat themselves as the economy lurches toward another recession. The DJIA fell to just below 6,630 on March 2, 2009. Back in October 2007, 17 months earlier, it briefly traded above 14,000. What happened? The most frequent answer is the recession that lasted from December 2007 until June 2009, a period determined by the National Bureau of Economic Research, caused the collapse. The recession lasted 18 months, which made it the longest of any downturn since World War II.

The DJIA could drop below 7,000 again before the middle of next year, down from 12,000 where it trades now. The market fell over 50% last 2008 and 2009. A correction to 7,000 this time would be 42%.

The major drivers of a sharp drop in the DJIA would be:

1. RECOVERY IS UNEVEN

Some regions of America are almost economically dead. The first reason the market is likely to plunge is that the current recovery is a 35-state recovery and not a 50-state one. The US economy is not running on all its cylinders now. It runs on about two-thirds of them during a good quarter. There has not been and will not be much of a recovery in  Nevada, Michigan, Florida, California, Rhode Island, Ohio, Illinois, Louisiana, South Carolina, and sections of Kentucky, Tennessee, Arizona, Idaho and Mississippi. Some areas of these states lack important growth industries - particularly technology, farming, oil drilling, or the large employment bases that accompany federal and state government employee concentrations. Many areas that counted on construction to bolster their economy can no longer do so. Unemployment will stay at or above 10% in parts of these states and large cities like Las Vegas, Detroit, Stockton, and Providence.  Most have negative GDP growth. The US economy cannot grow at a rate of 3% or better, which some economists are forecasting for the second half of the year,  if large regions of the country are shrinking economically.

2. UNDERWATER MORTGAGES

More than a quarter of US mortgages are underwater. Economists use several ways to measure the housing market disaster such as foreclosures, delinquencies, home price drops, housing start and new and existing home sales. None of these captures the heart of the market the way underwater mortgages statistics do. A home with an upside down loan can rarely be sold without the seller taking a huge financial hit. These homes are likely to become a financial burden to the homeowners who cannot afford their mortgages and see no hope that their houses will ever regain their value. Housing expert Robert Shiller says home prices could drop another 10% this year. The ripple effect from a rise in underwater mortgages will affect everything from bank earnings to consumer credit to consumer spending. The real estate problem is a drag on the economy and it is one that will get worse.

3. STOCKS ARE EXPENSIVE

Many market analysts believe that this is nearly a perfect time to buy stocks. Yields on bonds are low. Gold price are unstable. The S&P 500 EPS will be $100 this year based on many forecasts. Is a twelve multiple on that inexpensive? Perhaps. But if so, that indicates that the Dow should be trading about where it is now. S&P 500 earnings, however, will start to decline soon and in some industries they will disappear entirely. The process has already begun among consumer products companies, retailers, grocery chains, and transportation companies like airlines. Even tech firms like Oracle have signaled that growth has slowed. Jim Cramer mentioned a long list of “cheap” shares on “Mad Money” in October 2007. Stock looked “inexpensive” in late 2007. That only lasted until corporate earnings collapsed.

4. INFLATION IS A PROBLEM

No matter what the Federal Reserve says, inflation is in full bloom. The Bank for International Settlements just warned policymakers and world leaders that central banks need to raise interest rates. Otherwise, the BIS stated, the price of commodities will continue to march higher. Chinese inflation hit a 34-month high in May despite rapid tightening by banks there. The core of this rise was food prices, which were up 11.7% for the month. The US cannot claim, at least for long, that it is one world and Asia, Africa, the Indian subcontinent, and parts of South America are another. The prices of critical commodities such as wheat, corn, oil, and cotton are well above where they were two years ago, and with some occasional dips, are still rising. Americans cannot afford higher and higher food and clothing prices when their median incomes are not moving up. Inflation is a poison to consumer spending and to the profit margins of companies that have commodities or transportation-based businesses.

5. COMPANIES HORDING

Companies are still holding their cash. A McKinsey and Co. report published in May stated that European and US companies have excess cash of more than $2 trillion. Firms like Apple and Google have accumulated multi-billion dollar cash hordes and have elected to hold that money even at extremely low yields. Other firms like McDonald’s have elected to distribute cash through share buybacks and high dividends. Most major banks have raised or reinstated dividends. Cisco has begun to pay a dividend. Companies as diverse as CVS/Caremark Corp., Family Dollar Stores Inc., and Schlumberger Ltd. have raised their payouts. Dividends help people who own a lot of shares in the companies in question. They do nearly nothing for people who hold small portfolios or who are broke and unemployed. Cash not used to create jobs either directly through hiring or indirectly through capital expenditure does not help the economy.

6. EVERYONE'S SHEDDING THEIR WORKFORCE

Companies are no longer adding jobs and governments are laying off employees. The May unemployment numbers told a story of a stagnant job market. Recent jobless claim levels have confirmed it. The private sector has become worried about GDP which has only grown by 2% recently. That is not enough for many firms to decide to add significant numbers of workers. And, unemployment rates are now being moved higher by government layoffs, a result of the “new austerity."  The new federal government budget is likely to make matters worse. The Brookings Institution recently said in its Government Employment and Economic Recovery that the single biggest threat to the economic recovery of many cities is layoffs of government workers.

7. CHINA'S SLOWING ECONOMY

China’s economy will slow considerably. The economic dynamics of China combine high food costs with faltering purchasing and manufacturing. China’s factory output is no longer growing and it is entering what it would view as a recession by the standards of the People’s Republic-a growth rate well below its typical 10% of better. Goldman Sachs recently chopped its forecast for China GDP. High oil prices contribute according to the investment bank. Faltering demand for China’s exports is another. American exports to China rose 32% in 2010 to a record $91.9 billion, and have surged 468% over the past decade, according to the U.S.- China Business Council. Americans usually complain about the heavy flow of China exports to the US. But, many American industrial and service firms need China sales to bolster their bottom lines.

8. GREECE IS TANKING

Greece will go under and take many other small EU nations with it. Austerity measures by Greece will not save it from default according to most credit experts. Even if budget and wage cuts buy the nation some time, the lack of stimulus will ruin a job market which already has a 40% unemployment rate among its youth. Ireland and Portugal have similar problems. A series of defaults among the nations may damage the bank and credit system more than the collapse of Lehman. It will certainly decimate earnings and balance sheets of many European banks. The EU portion of the global bank system could go into a state of shock that would cripple the global credit process. Another by-product of ruined banks is that access to the capital needed to drive economic growth will disappear. A sharp slowdown of EU consumer spending will cripple the US export economy, particularly if combined with a slowdown in China.

Douglas A. McIntyre ‘

Fed’s ‘QE2’ leaves mixed legacy The Fed’s much-debated effort to boost the economy by buying $600 billion in bonds ends Thursday. (Washington Post) [ Mixed? How ‘bout an undisputable legacy of failure, by the fed’s own words and stated mission and purpose. And, count on more fake data; ie., today’s near meaningless in terms of reality ‘fake’ jobs report which they hope will keep the foos (fools) ball rolling on fraudulent wall street; viz., ‘The standard unemployment rate most often used by the Fed is currently at 9.1%, up 90% since Bernanke started.  The more inclusive (realistic) U6 number stands at 15.8%, up 75% in the same period.  The Civilian Participation Rate has declined 2.87% to 64.2%.This is the lowest level the U.S. has seen since March, 1984.  The decline amounts to 8,946,844 fewer Americans in the labor force.  Had they not dropped out because of a lack of jobs, the “official” unemployment rate would be significantly higher.  While we can debate the meaning of the term maximum employment, it is clear that the jobs data has deteriorated considerably since Bernanke took the reins at the Fed.  ‘.

Is Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I mean, come on! This catering to fraudulent wall street was a loser ab initio! That so-called ‘wealth effect’ market froth was used previously by senile ‘maestro’ greenspan and failed miserably except for the frauds on wall street who commissioned up and down; and, make no mistake, those computer-programmed high-frequency trading volumes have now been maximized for nation-economy-draining profits for the frauds like never before and have never been higher. The QE and dollar-debasement policies were always predictably inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel good’ obfuscation that was but in reality good only for the frauds on wall street. No, there is no modern day alchemy that spins worthless paper into gold except fraudulently for the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing out’ for hard currency and gold, precious metals, at everyone else’s expense including main street. ] In his June 7 speech, Fed Chairman Ben Bernanke stated, “the best way for the Federal Reserve to support the fundamental value of the dollar in the medium term is to pursue our dual mandate of maximum employment and price stability, and we will certainly do that.”

.. Bernanke’s results .. since Ben took the reins:

Feb ’06 – April ’11

Items in a Typical Budget	% Change
Food and Beverages	16.54%
Water and sewer and trash collection services	31.88%
Rent of primary residence	13.82%
Housing	8.68%
Fuels and Utilities	11.93%
Apparel	4.83%
Medical Care	20.11%
Gasoline (all types)	65.12%
Transportation	23.36%
Tuition, other school fees, and childcare	29.28%
Recreation	2.87%

 ..  The standard unemployment rate most often used by the Fed is currently at 9.1%, up 90% since Bernanke started.  The more inclusive (realistic) U6 number stands at 15.8%, up 75% in the same period.  The Civilian Participation Rate has declined 2.87% to 64.2%.

This is the lowest level the U.S. has seen since March, 1984.  The decline amounts to 8,946,844 fewer Americans in the labor force.  Had they not dropped out because of a lack of jobs, the “official” unemployment rate would be significantly higher.  While we can debate the meaning of the term maximum employment, it is clear that the jobs data has deteriorated considerably since Bernanke took the reins at the Fed.  ..

In conclusion, it is evident that Ben Bernanke is failing his mandates.  We believe it must come down to one of the following reasons:

1.       Bernanke does not know how to achieve his mandates;

2.       The policy tools employed don’t work;

3.       He does not have the ability to implement policies that would work;

4.       He is not trying to achieve his mandates;

5.       He has goals other than his legal mandates;

6.       He does not look at the data, and believes he is succeeding.

Matt Marcewicz &  Robert Barone, Ph.D.

.. ‘

Inflation Expectations Are Heating Up

Parties at odds on deficit reduction Lawmakers in both parties plot strategies that could make the deal difficult to find common ground. (Washington Post) [ Yes … Odds on … favorite … a lose / lose solution. The realistic scenario brings to mind that old adage that, ‘you can’t make a silk purse out of a sow’s ear’ … and, yeah, the reality is all that bad. A debt ceiling leadership failure On Leadership | Congress’s failure to fix the budget deficit is due to fundamental differences of opinion on the role of government. U.S. consumer confidence unexpectedly (but realistically – and not because of the budget stalemate) falls (Washington Post) [Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘President enters the debt talks Obama hosts sitdowns as leaders remain divided over spending reductions and tax increases. (Washington Post) [ Oooooh! The big gun has arrived, with the biggest gun, Mr. Teleprompter just a hot line away. Come on! Let’s get real! What does wobama the b (for b***s***) know that any of these other fellow nincompoops don’t; particularly about economics / finance, even compared to ‘Lobotomy Joe’. Market Crash 6/30/11?Technical indicators suggest market collapse may begin by June 30th Dennis Slothower is one of the world’s leading technical analysts. He’s one of the few advisors whose readers completely avoided ALL losses during the disaster that was 2008. And now he’s issuing another dire warning. His technical indicators suggest that the market manipulation we’ve seen over the last several months is about to come to an end…and that means thousands of investors are about to get clobbered. This correction could begin as soon as June 30th– so it’s important that you take action now to prepare yourself. StealthStocksOnline.com [ Oooooh! Bring in the big guns; viz., ‘wobama the b’ (for b***s***) … sounds like a plan! After all, ultimately it’s Mr. Teleprompter who’ll have the final say; and, it seems like wobama’s got a lock on that ‘relationship with Mr. T; you know, ‘pecking order’ kinds of stuff … Then begs the question: Is Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I mean, come on! This catering to fraudulent wall street was a loser ab initio! That so-called ‘wealth effect’ market froth was used previously by senile ‘maestro’ greenspan and failed miserably except for the frauds on wall street who commissioned up and down; and, make no mistake, those computer-programmed high-frequency trading volumes have now been maximized for nation-economy-draining profits for the frauds like never before and have never been higher. The QE and dollar-debasement policies were always predictably inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel good’ obfuscation that was but in reality good only for the frauds on wall street. No, there is no modern day alchemy that spins worthless paper into gold except fraudulently for the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing out’ for hard currency and gold, precious metals, at everyone else’s expense including main street. ‘ America’s shine is wearing off I know why we are falling into a cataclysm of debt and can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious freedom, freedom generally did they come to these shores. A rare exception to the influx of immigrants to this young nation who turned out to be more a virus to the indigenous peoples of this land than what could have been expected from those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those so positioned abroad would have represented a positive addition to the gene pool which, borrowing from an insurance term, viz., adverse selection, springs forth the notion of inevitability to the genocide of the indigenous populations while guaranteeing the decline we see throughout this foundering nation. The effects of these negative predispositions toward inherent criminality is certainly being felt globally as well as domestically and has little to recommend it. My own direct experience with the region(s) (particularly new jersey, new york, virginia, connecticut, california) carves out no exception for the prevalence of the worst of human nature; which is now collectively and pervasively americana. Report: SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm

Focus Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs, extinction, at least in a manner of speaking. Global information exchange at lightning speed has made such throwbacks to a lost era, propaganda, and maladaptive traits foolish at best, deadly at worst. Intelligent people worldwide aren’t buying the obsolete, Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc.; more specifically, diversion of the masses from the glaring failures of leadership, economic and otherwise.

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

A Mid-Year Review and Full 2012 Outlook Simon Maierhofer, June 28, 2011,

Time flies. The 2011 calendar year is already half over, and based on the main stream 2011 outlook, the market's performance surprised many. I forgot just how bullish Wall Street and the media was when coming into 2011. Look at the headlines below and you'll see what I mean.

'Get over your fear and get back into stocks' - USA Today, 12-17-2010

'Bullish on tech and 2011' - Barrons, 12-20-2010

'Don't see a double dip for housing' - Morningstar, 12-29-2010

'Economic rebound forecast for 2011' - Seattle Times, 12-12-2010

'Investor's forecast: Sunny with a chance of overheating' - WSJ, 1-3-2011

'Why U.S. stocks may finally be a good buy' - Mootley Fool, 1-3-2011

'Real estate: Finally a good investment' - SmartMoney, 1-19-2011

'Why the S&P is still a bargain' - USNews, 2-4-2011

'11 signs the economy is on the right path' - MarketWatch, 2-10-2011

Judging the media with 20/20 hindsight is always a blast, but I must admit that I was too chicken to provide a full 2011 forecast via the ETF Profit Strategy Newsletter.

Vaguely Accurate

Here's what I told Investor's Business Daily when they asked me for my 2011 forecast (published in IBD's December, 22, 2010 paper):

'The Fed is creating a bubble to contain the damage left behind by the bust of the previous bubble(s). QE2, as desired by the Fed, has led to indiscriminate buying of stocks and commodities.

On a historic basis, stocks are overvalued and set to deliver long-term pain, not gain. Based on various sentiment gauges (Institutional Investor survey of newsletter writers and American Association for Individual Investors' survey of retail investors, the VIX, Chicago Board Options Exchange Market Volatility Index, and CBOE put/call ratio), investors are as optimistic about rising prices today as they were in late 2007.

Compared to 2007, unemployment has doubled, GDP has tumbled, Americans' desire to spend has morphed into a new frugality and Europe has caught a contagious financial virus. Based on sentiment, the cork may pop at any time, although I wouldn't be surprised if the Fed's POMO (permanent open-market operations) activity can keep prices afloat through much of 2011. The upside is risky and active traders may follow the trend until it's broken.'

I admit that the outlook was somewhat on the vague side but it steered investors in the right direction - follow the trend but watch out for a correction and a possibly significant market top. The chart below provides a glance at the S&P's performance since January 1, 2011 along with various support/resistance points outlined by the ETF Profit Strategy Newsletter.

http://www.etfguide.com//contributor/UserFiles/8/Image/spx%206%2027%2011.gif

One Month at a Time

With the major index stretched to the breaking point but momentum still strong, my strategy was to tackle the market one month at a time. Initially it made no sense to buck the trend, but by mid-February, the market seemed to have reached a breaking point. On February 18, I warned via the ETF Profit Strategy Newsletter that: 'A fast and steep sell off from current prices is possible.' However, 'If stocks don't fall below 1,255 and 1,229 we expect new recovery highs later in 2011.'

February 18 was a Friday. The following Monday was a red-across-the-board kind of a day. The Nasdaq (Nasdaq: ^IXIC) opened Monday 38 points lower than it closed Friday and dropped an additional 39 points during the day.

Formerly high-flying sectors like consumer discretionary (NYSEArca: XLY - News), industrials (NYSEArca: XLI - News), materials (NYSEArca: XLB - News), retail (NYSEArca: XRT - News) and technology (NYSEArca: XLK - News) followed suit. The S&P (SNP: ^GSPC) dropped 23 points and the Dow (DJI: ^DJI) 177 points.

About two weeks later, the Japan Earthquake news rocked the world and saw another wave of selling. But, the S&P never closed below the 1,255 support and triggered a low-risk buy signal the week of March 14 (March 20, ETF Profit Strategy Update).

The up side target was outlined in the April 3 update of the newsletter: 'There is a fairly strong Fibonacci projection resistance at 1,369. In terms of resistance levels, the 1,369 - 1,xxx (reserved for subscribers) range is a strong candidate for a reversal of potentially historic proportions.'

Bearish Case, Not Closed Yet

The S&P climbed as high as 1,370 and has since dropped as much as 110 points. But once again, support surrounding the 1,255 level has not been breached.

In essence, the S&P is currently stuck in a technical vacuum. The trading range is 1,250 - 1,300. There are plenty of folks who still believe the 'bull market' is not yet over while the investing crowd has turned notably bearish (generally a bullish signal). From a technical point of view, new highs are still possible.

The Presidential Election Cycle, which sports gang buster pre-elections year performance, supports the idea of new highs later on in 2011. Naturally, the incumbent President will do whatever he can to court Americans for their vote.

Financial Trickery

Shenanigans designed to 'bribe' investors include maneuvers like releasing a portion of the U.S. Strategic Petroleum Reserve. According to the New York Times, tapping into the oil reserve for frivolous reasons is a bad idea because the oil (NYSEArca: USO - News) will eventually have to be replaced, usually at higher prices. But right now, the priority is to make voters happy. Low gas prices will do just that.

Other financial tricks include changing how the Consumer Price Index (CPI) is calculated. Lawmakers are proposing to change the CPI methodology to include changed spending patterns caused by price increase. For example, consumers tend to drive less when gas prices increase.

This would artificially lower the CPI and lower federal spending by around $220 billion over the next decade. Passing such a proposal would surely be touted as a victory in the battle against the debt ceiling while social security recipients see their monthly checks shrink (social security payments are linked to the CPI).

Another trick is 'QE2-light'. Yes, even though QE2 is officially over, the Federal Reserve will continue to reinvest maturing securities and buy Treasuries (NYSEArca: TLT - News) from banks (NYSEArca: KBE - News) at the rate of about $25 billion a month over the next year.

2011 Outlook

Quite frankly, formulating a high confidence 2011 outlook right now is tricky (isn't it always). But here is what we do know:

A major market top is forming. The S&P reached the bottom end of our target range (1,369) and was clearly rejected. We also know that crucial support at 1,255 has held. Even though the market behaved like a significant top had been reached, it failed to confirm it thus far.

The key question is whether the upper end of our target range will be tested or not. At this point it is too early to see, but that doesn't mean we are 'flying blind.'

The S&P (and any other major index) won't rally to new highs unless they break key resistance. Our strategy as of late has been to sell against resistance and buy against support. This has worked like a charm. Once resistance is broken, we'll buy against resistance and sell against support. This will keep investors on the right side of the trade regardless of what the market has in store for us…’

Why your local Hospital could soon shut down (StansberryNewsletter) http://www.stansberryresearch.com/pro/1011PSIEND49/LPSILC42/PR

Geithner Looks to Exit Treasury Dept. Bloomberg | Timothy F. Geithner has signaled to White House officials that he’s considering leaving the administration.

A Huge Number Of Americans Believe The Economy Has Now Entered “Permanent Decline” Business Insider | 39% of Americans believe the US economy has entered “permanent decline” according to a new poll. 39% of Americans believe the US economy has now entered “permanent decline” according to a new poll from CBS and NYT.

The IMF joins Bernanke in threatening US legislators M. Ruppert | We do not need to raise taxes or put austerity measures in place in order to save the United States.

It’s Official: China Is The “Mystery” Daily Buyer Of Billions Of Euros Over the past two weeks, we have been suggesting, tongue in cheekily, that despite the relentless desires of everyone to sell the EUR, it has continued to drift higher, due to some inexplicable force with bottomless pockets, which, after some deductive logic, we assumed was China. It turns out we were correct.

New Investment Strategy: Preparing for End Times Investment professionals have a new pitch: The sky could soon be falling.

ECONOMIC CRISIS ARCHIVE

National / World

Unemployment: No Extended Benefits For People Laid Off From Now On Arthur Delaney | Will not be eligible for any of generous extended unemployment benefits layoff victims have received from government since 2008.

Police Taser, Beat, Pepper Spray Mentally Handicapped Teen – Then Charge Him With Assault Paul Joseph Watson | Disabled minor’s speech impediment “mistook for disrespect”.

TSA Too Busy Searching Diapers Over Checking Passports, Flight Passes Steve Watson | Nigerian man waltzes on and off LA bound flight from New York without valid ticket or passport.

Napolitano, Europeans Warn al-Qaeda May Get Libyan Weapons Kurt Nimmo | Meanwhile, France admits it has armed rebels in league with al-Qaeda.

Idiocy Reigns Supreme Paul Craig Roberts | There is no freedom, no democracy, and no government accountability in Amerika, a fascist state.

Greece: This is What an IMF Riot Looks Like Kurt Nimmo | IMF riots are planned across the board by the global elite.

Obama on Libya: “I Don’t Even Have to Get to the Constitutional Question” Paul Joseph Watson | Arrogant statement betrays hostility to rule of law.

Top Obama Advisor: Homeland is “Primary” Focus of Counterterrorism Activist Post | The Huffington Post is reporting that the White House is set to release their new counterterrorism strategy on the White House website.

Is The Mainstream Media Covering Up The Truth At Los Alamos, Ft. Calhoun And Fukushima? The American Dream | What in the world is really going on at Los Alamos, Ft. Calhoun and Fukushima?

Riot police braced for violence as union protesters march in cities across the UK and strike closes a third of all schools Riot police were put on standby in anticipation of trouble in Central London, as anarchist group Black Bloc threatened ‘a day of rage’ and 10,000 officers have had their leave cancelled.

Official: U.S. drone strikes at Somali militants The airstrike makes Somalia at least the sixth country where the U.S. is reportedly using drone aircraft to conduct lethal attacks. The latest target: senior members of a militant group linked to al-Qaeda. (Washington Post) [ It isn’t often I get a chance to commend military action these days; but, I really hate somalians … Well done! … I’ll not forget the way they paraded those 18 dead rangers on a peace mission around … If up to me, I’d have made 18 square miles of Mogadisho one big cemetery / parking lot (I’m not kidding!). Deaths of four Americans reflect increasing violence of Somali piracy (Washington Post) [ Drudgereport: U.S. Warship Tracking Yacht Hijacked by Somali Pirates... [ I realize there are ‘laws of the sea’ / codified bodies of law within that broad yet very specific category called ‘maritime law’, none of which I know nor care to know (I’ll content myself to knowing and seeing to the enforcement of american law as pertains to me; viz., RICO http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm . I do know that these somali pirates need killin’ and I further believe that open season on them including using their boats in the water for target practice makes sense and certainly is morally justified. I’m tired of hearing about those little weasels … you know, ‘the skinnies’. ] VIDEO: EU Naval Forces Fight Piracy off Somali Coast [ Yeah! With all their nation-bankrupting, self-defeating, wasteful, adventuring, warring for no good reason in Afghanistan, etc., I have been at a loss to understand why they are not blasting the skinnies out of the water, along with bombing the skinny-places of refuge! Milbank: Progressives voice anger at Obama (Washington Post) [ Progressives? Is that all, Mr. ‘wobama aficionado’, aka Mr. Milbank. How about the vast and overwhelming majority of this nation, and add in the rest of the world to boot. Robinson: Why does the Afghan war go on? (Washington Post) [ Well, there’s one person who minces no words as to why: Drudgereport: FARRAKHAN: 'THAT'S A MURDERER IN THE WHITE HOUSE'... Minister Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15, 2011 Press Conference at the UN Plaza Hotel. Then there are, beyond the regional proximity to oil and an american induced resurgent poppy / heroin production / trade (the Taliban had all but eradicated same). After all, pervasively corrupt, defacto bankrupt america is into the illegal drug trade in a very big way. Obama’s Drawdown Speech: More Orwellian Lies Kurt Nimmo | The U.S. government has no intention of ending the war and bringing home all of the troops. Obama: Time for ‘nation building’ at home ‘Surge’ troops to be ordered home Departure plan will remove 33,000 troops faster than Obama’s commanders requested but more slowly than many of his political allies would like. (Washington Post) [ Well, in a certain sense he’s chronologically correct … finish the job of destruction at home … yeah … it’s true … they haven’t the slightest idea what they’re doing and no matter what or where, pervasively corrupt, defacto bankrupt america’s touch is an invariably destructive, negative touch (‘nation building’ the coy, euphemistic phrase for what is in fact ‘nation destroying’, regardless of spin, propaganda, and outright lies). Obama’s task: Keep support for Afghan war The president’s prime-time address on plans to gradually withdraw troops must remind a skeptical electorate and a concerned Congress that the country’s longest war remains worth fighting — and funding. (Washington Post) [ Obama’s task? Support for this nation’s self-bankrupting Afghan (among other) war(s)? Geeh! Silly me! And all the while I thought wobama’s task was to bring to fruition all those laudable campaign promises; viz., jobs / economy not wars, prosecution of the frauds on wall street responsible for the crisis, etc.. What a total fraud wobama is. America’s shine is wearing off I know why we are falling into a cataclysm of debt and can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious freedom, freedom generally did they come to these shores. A rare exception to the influx of immigrants to this young nation who turned out to be more a virus to the indigenous peoples of this land than what could have been expected from those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those so positioned abroad would have represented a positive addition to the gene pool which, borrowing from an insurance term, viz., adverse selection, springs forth the notion of inevitability to the genocide of the indigenous populations while guaranteeing the decline we see throughout this foundering nation. The effects of these negative predispositions toward inherent criminality is certainly being felt globally as well as domestically and has little to recommend it. My own direct experience with the region(s) (particularly new jersey, new york, virginia, connecticut, california) carves out no exception for the prevalence of the worst of human nature; which is now collectively and pervasively americana. Report: SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm

Focus Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs, extinction, at least in a manner of speaking. Global information exchange at lightning speed has made such throwbacks to a lost era, propaganda, and maladaptive traits foolish at best, deadly at worst. Intelligent people worldwide aren’t buying the obsolete, Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc.; more specifically, diversion of the masses from the glaring failures of leadership, economic and otherwise.

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Relief in Greece may be temporary Unless negotiators agree to a long-term budget plan, it will be back to the brink by the end of summer. (Washington Post) [ That’s an understatement. How ‘bout in ‘Terminator’ fashion they’ll be back by the end of the summer regardless of the paper plan based on … more paper! ‘Greecin’ the skids, so to speak … for the frauds on wall street. The recurring non-event that makes for great press purporting to be the main event. The new scam / sham to keep suckers suckered. I mean, look at the yet again end of month, quarter, half window dressing based on nothing at all. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Foreclosure, distressed sales up, at least on paper with contracts signed, so no surprise nor reason to cheer here, as markets worldwide jump on the american crazy train for a short-lived bounce as all problems remain. This is the same month end (and quarter, half) spurt / window dressing based on b***s*** alone to keep the suckers suckered and an especially great time to sell / take profits since there’s much worse to come! Talk about milking the greek crisis for the umpteenth time a so-called solution (and there are loads of greecy scenarios worldwide … I don’t think so and neither does Schaeffer who says: ‘…even once such a package is passed it only buys time. Actually fixing the fiscal condition of Greece is not something that can be solved in a matter of weeks, or even months…‘ but it’s great press for the churn and earn and to keep the suckers suckered. Technology rally? Defacto bankrupt american technology is horrendous but great sizzle for the new fraud as in the dotcom bust days. Then there’s the greasy b.s. new greecy b.s. factor. The rally into the close and the previous so-called (4 day) ‘rally’ was based on b***s*** alone to keep the suckers suckered and for ‘smarter money ‘ along with the frauds to sell into. This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Selling In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart. Wall Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press” climaxed Sunday  with a startling market prognostication from David Brooks, conservative columnist for the NY Times. The risk of a debt default over the combustible issue of the Medicare deficit hangs over the course of the stock market. Buyers Beware!“I was up in Wall Street  this week,” Brooks said. “They’re vastly underestimating the source of piolitical risk here. We could have a major problem, I think, either this summer or the next couple years. And I’d be worried about investing too much in the market. That’s my financial advice.”…’ Another Financial Crisis Is On The Way, Mobius Says STOCKS HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline..’ ] States face shortfall for retirees (WP) Public workers’ retirement funds had a gap of $1.26 trillion at the end of fiscal 2009 Study: Affordable rentals scarce (WP) Poll: For Obama, low marks on Afghan war (WP) More Americans disapprove of President Obama’s management of the war in Afghanistan than support it Fuel prices cut into Obama popularity (WP) They’ve used the contrived mideast turmoil and their wars to obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money--

Moody's warns may downgrade U.S. muni debt ratings

Obama strikes combative new tone The president sought to assert a commanding presence on the issues defining his presidency. Milbank: Obama fights back He was uncharacteristically assertive in Wednesday’s presser. (Washington Post) [ Defining his presidency? As with war criminal dumbya bush et als, define ‘failure’, and ‘eureka’! ‘Mission accomplished’! Fait accomplis! If only ‘wobama the b’ (for b***s***) had done what he said (in his campaign) he was going to do, all would have been different, including pervasively courrupt, defacto bankrupt america’s and now the world’s now even more dire, dour prospects. Too little, too late for yet another failed american presidency. . House rejects Obama’s Libya policy Lawmakers vote down a measure that would authorize mission, but stop short of cutting funding. (WP) [ Ah, riiiiight! The worst of both worlds. ‘Cutting the baby in half’ probably their most politically expedient solution to appeasing their respective ‘support groups’. Though not the kind of group therapy support groups that immediately come to mind, one laments the various elements of the pervasively corrupt u.s. government are not receiving the kind of psychotherapy they need by way of group therapy or otherwise. Speaking of spending cuts, here’s one they ‘dare not do’: House votes down SEC budget hike Agency has been seeking a budget increase to keep pace with its expanded responsibilities. (WP) [ No surprise here given the prior and continuing defacto complicity in wall street’s enormous frauds. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Report: SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman … Yet, one must ask what have they been doing and already getting paid for? Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud ) … I want just one person with courage enough to stand up and explain to all that these huge commissionable computerized trading volumes like never before are a net negative in a very big way … that’s a fact … that’s economic reality in real terms! … Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm

Is Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I mean, come on! This catering to fraudulent wall street was a loser ab initio! That so-called ‘wealth effect’ market froth was used previously by senile ‘maestro’ greenspan and failed miserably except for the frauds on wall street who commissioned up and down; and, make no mistake, those computer-programmed high-frequency trading volumes have now been maximized for nation-economy-draining profits for the frauds like never before and have never been higher. The QE and dollar-debasement policies were always predictably inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel good’ obfuscation that was but in reality good only for the frauds on wall street. No, there is no modern day alchemy that spins worthless paper into gold except fraudulently for the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing out’ for hard currency and gold, precious metals, at everyone else’s expense including main street. ] Milbank: Progressives voice anger at Obama (Washington Post) [ Progressives? Is that all, Mr. ‘wobama aficionado’, aka Mr. Milbank. How about the vast and overwhelming majority of this nation, and add in the rest of the world to boot. Robinson: Why does the Afghan war go on? (Washington Post) [ Well, there’s one person who minces no words as to why: Drudgereport: FARRAKHAN: 'THAT'S A MURDERER IN THE WHITE HOUSE'... Minister Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15, 2011 Press Conference at the UN Plaza Hotel. Then there are, beyond the regional proximity to oil and an american induced resurgent poppy / heroin production / trade (the Taliban had all but eradicated same). After all, pervasively corrupt, defacto bankrupt america is into the illegal drug trade in a very big way. Obama’s Drawdown Speech: More Orwellian Lies Kurt Nimmo | The U.S. government has no intention of ending the war and bringing home all of the troops. Obama: Time for ‘nation building’ at home ‘Surge’ troops to be ordered home Departure plan will remove 33,000 troops faster than Obama’s commanders requested but more slowly than many of his political allies would like. (Washington Post) [ Well, in a certain sense he’s chronologically correct … finish the job of destruction at home … yeah … it’s true … they haven’t the slightest idea what they’re doing and no matter what or where, pervasively corrupt, defacto bankrupt america’s touch is an invariably destructive, negative touch (‘nation building’ the coy, euphemistic phrase for what is in fact ‘nation destroying’, regardless of spin, propaganda, and outright lies). Obama’s task: Keep support for Afghan war The president’s prime-time address on plans to gradually withdraw troops must remind a skeptical electorate and a concerned Congress that the country’s longest war remains worth fighting — and funding. (Washington Post) [ Obama’s task? Support for this nation’s self-bankrupting Afghan (among other) war(s)? Geeh! Silly me! And all the while I thought wobama’s task was to bring to fruition all those laudable campaign promises; viz., jobs / economy not wars, prosecution of the frauds on wall street responsible for the crisis, etc.. What a total fraud wobama is. Inflation Expectations Are Heating Up

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.

THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

Kick the can (Washington Post) [ I totally agree with Mr. Robinson; namely, they all need a kick in the can … you know, that ‘washington establishment’ that have failed all so miserably. Well, I know that’s not what he really meant. But, ‘do no harm’? Methinks it’s too little, too late no matter what they do to avoid that! Market Crash 6/30/11?Technical indicators suggest market collapse may begin by June 30th Dennis Slothower is one of the world’s leading technical analysts. He’s one of the few advisors whose readers completely avoided ALL losses during the disaster that was 2008. And now he’s issuing another dire warning. His technical indicators suggest that the market manipulation we’ve seen over the last several months is about to come to an end…and that means thousands of investors are about to get clobbered. This correction could begin as soon as June 30th– so it’s important that you take action now to prepare yourself. StealthStocksOnline.com

JFK {Platoon , Wall Street , Natural Born Killers , W. , Wall Street: Money Never Sleeps } [And yes; I also believe there’s been a coup d’etat in pervasively corrupt, defacto bankrupt, banana republic america, gunboat diplomacy, plundering the treasury, and all! ] [I saw ‘JFK’ for the first time today and must say, though preoccupied at the time (1992) with other things (RICO and consequent substantial pressure from various nefarious elements, mob, mob-connected / controlled, corrupt government-state,local,federal, etc.. ) I was ‘hoodwinked’ by mainstream media critics who for the most’ ho-hummed’ the film as more of the same conspiracy stuff the factual basis for which I was already familiar with; and hence, disinclined to make any significant effort to view same. Boy, were they and derivatively I wrong! I am totally astounded by the insightful documentation in this film, so masterfully presented in cinematic form. If at all, Stone seemed shy about presenting even reasonable inferences from facts so strictly set forth. By leading with actual speech footage from who I believe to have been america’s last great president / leader, the substantially underrated President General Eisenhower who warned of the dangers inherent to the military / industrial complex, Stone set the tone for what I believe to have been the most courageous and significant warning of the current national and global crises confronting the nation and world today and the reasons therefore (his negative exposés of wall street, inherent american criminality, W, etc., complement and support his theme while revealing his wide range, wisdom, and talent). (I must say that I liked Ronald Reagan, as I’ve previously said I like Robert Redford, as being very likeable guys - I’m also conservative, but not to a fault – his rational approach and results with Gorbachev were his most significant accomplishments. Parenthetically and coincidentally, I also saw for the first time this same day, Reagan in ‘Bedtime for Bonzo’; and, I was shocked that it was better than I could have possibly imagined and hardly the stuff warranting the mocking he got for same on the political trail … do you think it was just a foreboding of the nation’s current predicament with ‘wobama the b’ (for b***s***); and yes, I do have that ‘birther wobama family portrait’ on my website front page http://albertpeia.com . In sum, the inherently criminal behaviors of americans as depicted are all too real and an auspicious sign indicative of corruption across the board and through all levels of u.s. government. In light thereof, I’m compelled to wonder as previously set forth and infra, whether my trust in and affinity for the FBI will have been ultimately proven to have been contraindicated in fact and reality; and hence, as I ponder, a maladaptive personal trait / flaw. Stated another way, should having then done the deal with the mob for the money despite personal ethics and oath militating against same have been the correct choice in pervasively corrupt america. It certainly up to this point would have been the most expedient, efficacious, and adaptive choice in pervasively corrupt, inherently criminal america. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]

The purported leaders today; compromised, cowardly, criminal puppets all, the story of pervasively corrupt, defacto bankrupt america today.

Filmography - As Director

Year	Film	Academy Award Nominations	Academy Award Wins	Golden Globe Nominations	Golden Globe Wins	BAFTA Nominations	BAFTA Wins
1974	Seizure
1981	The Hand
1986	Salvador	2
1986	Platoon	8	4	4	3	3	2
1987	Wall Street	1	1	1	1
1988	Talk Radio
1989	Born on the Fourth of July	8	2	5	4	2
1991	The Doors
1991	JFK	8	2	4	1	2	2
1993	Heaven & Earth			1	1
1994	Natural Born Killers			1
1995	Nixon	4		1		1
1997	U Turn
1999	Any Given Sunday
2003	Comandante
2004	Alexander
2006	World Trade Center
2008	W.
2009	South of the Border
2010	Wall Street: Money Never Sleeps			1
2012	Savages
Total		31	9	17	9	8	4

October 15, 2010 (*see infra {ultimately delivered by UPS})

Steven M. Martinez, Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700

Los Angeles, CA 90024

Dear Sir:

I enclose herewith 3 copies of the within DVD rom autorun disk (which will open in your computer’s browser) as per your office’s request as made this day (the disk and contents have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer to prevent viral attacks / infection and are without threat). I also include 1 copy of the DVD as filed with the subject court as referenced therein (which files are also included on the aforesaid 3 disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act is a criminal statute which provides a civil remedy, including treble damages and attorney fees, as an incentive for private prosecution of said claims probably owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such assistance given the seriousness and prevalence of said violations of law which have a corrupting influence on the process, and which corruption is pervasive). A grievance complaint against Coan was also filed concurrently with the subject action and held in abeyance pending resolution of the action which was illegally dismissed without any supporting law and in contravention of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District Connecticut. The files below the horizontal rule are the referenced documents as filed. (Owing to the damage to the financial interests of both the U.S. and the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False Claims Act probably would apply and I would absent resolution seek to refer the within to a firm with expertise in that area of the law with which I am not familiar).

The document in 5 pages under penalty of perjury I was asked to forward to the FBI office in New Haven is probably the best and most concise summary of the case RICO Summary to FBI Under Penalty of Perjury at Their Request (5 pages) [ ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].

The correspondence I received from the Congresswoman by way of email attachment (apparent but typical problem with my mail) along with my response thereto is included on the 3 disks as fbicorrespondencereyes.htm . With regard to the calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA office and I was referred to the Long Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the money laundering which he confirmed as indicative of same (he was transferred from said office within approximately a month of said meeting and his location was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron Barndollar and we remained in touch for in excess of a decade until he abruptly retired (our last conversation prior to his retirement related to the case and parenthetically, Rudy Giuliani whose father I stated had been an enforcer for the mob to which he registered disbelief and requested I prove it, which I did – he served 12 years in prison, aggravated assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew Maloney’s the one that prosecuted gotti).

In contradistinction to the statement in said correspondence, there is a plethora of information including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set forth in the case, inter alia,

• A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..
• Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.
• The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages: [ Shiff Order of Dismissal With Prejudice on Coan’s Failure to File Page 1 Page 2 ]
• Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ]
• Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.

• Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one mob case he had brought, bungled, lost (accidently on purpose?) since I was suing some mob-connected under RICO and the court (I had known / previously met outside of court the judge Ackerman through a client) was absolute bedlam and a total joke since incompetent corrupt Alito brought in all 20 mob defendants (rather than prosecute one or a few to flip them first) who feigning illness had beds/cots in the courtroom along with their moans during testimony and had the jury in stitches. As much as I hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3^rd 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. 5^th Street, #404

Los Angeles, CA 90013

(213) 219-**** (cell phone)

(213) 622-3745 (listed land line but there are unresolved problems with the line, computer connection may be the reason but I hesitate to chance greater non-performance / worsening by their ‘fix’ so cell phone best for contact).

----------

*The foregoing and as indicated therein was previously send 9-14-10 but delivery confirmation was flawed as set forth below and my inquiries to the u.s. postal service rebuffed (I believe tampered with inasmuch as your office could not locate same). This cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the subject files for ease of reference, including the files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates once again that your office has not received the aforesaid and which can reasonably be presumed to have been tampered with, and hence, a violation of the federal statute concerning same. (Ultimately delivered by UPS) ]

FBI trouble after Bulger’s capture? The crime boss is said to have boasted of corrupting agents. If he talks, some could live to regret it. (Washington Post) [ Wow! I knew the northeast generally, jersey / new york particularly in terms of mob infestation / infiltration / control, and the unique status of virginia in terms of government (cia / military, all three branches in support thereof) involvement in the illegal drug trade, etc., connecticut and california derivatively thereby; but I’m now wondering about the stonewalling across the board regarding the RICO matters [ I personally trust the FBI, and to be truthful, really have no choice but to do so; moreover, I personally like the FBI … I hope that’s not been a mistake and ultimately a personal flaw, respectively, since it is the liars (sic lawyers, ie., in the DOJ, etc.) who’ve been invariably the corrupting, corrupt, corruptible agents, including judicially and otherwise ]. : http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm . Report: SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality http://albertpeia.com/grimreality.htm Mob boss brought back to Boston; will he sing? DENISE LAVOIE BOSTON (AP) — James "Whitey" Bulger's capture could cause a world of trouble inside the FBI.

The ruthless Boston crime boss who spent 16 years on the lam is said to have boasted that he corrupted six FBI agents and more than 20 police officers. If he decides to talk, some of them could rue the day he was caught.

"They are holding their breath, wondering what he could say," said Robert Fitzpatrick, the former second-in-command of the Boston FBI office.

The 81-year-old gangster was captured Wednesday in Santa Monica, Calif., where he apparently had been living for most of the time he was a fugitive. He appeared Friday afternoon inside a heavily guarded federal courthouse in Boston to answer for his role in 19 murders.

Bulger, wearing jeans and a white shirt, looked tan and fit and walked with a slight hunch at back-to-back hearings on two indictments. He asked that a public defender be appointed to represent him, but the government objected, citing the $800,000 seized from his Southern California apartment and his "family resources."

"We think he has access to more cash," said prosecutor Brian Kelly.

At the second hearing, Bulger took a swipe at prosecutors after Magistrate Judge Marianne Bowler asked him if he could afford to pay for an attorney.

"Well, I could, if they would give me my money back," he replied in his unmistakable Boston accent, prompting laughter in the courtroom.

Kelly implied that Bulger's cash came from illegal activities.

"He clearly didn't make that on a paper route on Santa Monica Boulevard," he said.

Prosecutors asked that Bulger be held without bail, saying he is danger to the community and may try to threaten witnesses.

"He's also, quite obviously, a risk of flight," Kelly said.

Kelly also said Catherine Greig, Bulger's longtime girlfriend who was arrested with him, told court officials that Bulger's brother may be willing to assist him in posting bail.

Bulger did not ask for a detention hearing, but his lawyer said he may later make an argument that Bulger should be released on bail while awaiting trial.

The amount of money found in Bulger's apartment confirmed a longheld belief by investigators that he kept large stashes of cash for a life on the run.

"We clearly don't think this is his last stash," Kelly said.

When Bulger walked into the courtroom, he saw his brother William, the former powerful leader of the state Senate, seated in the second row. Whitey Bulger smiled at him and mouthed, "Hi." His brother smiled back.

Greig appeared in court a few minutes later on charges of harboring a fugitive. She asked for a hearing to determine whether she can be released on bail, and one was scheduled for next week.

Bulger, the former boss of the Winter Hill Gang, Boston's Irish mob, embroiled the FBI in scandal after he disappeared in 1995. It turned out that Bulger had been an FBI informant for two decades, feeding the bureau information on the rival New England Mafia, and that he fled after a retired Boston FBI agent tipped him off that he was about to be indicted.

The retired agent, John Connolly Jr., was sent to prison for protecting Bulger. The FBI depicted Connolly as a rogue agent, but Bulger associates described more widespread corruption in testimony at Connolly's trial and in lawsuits filed by the families of people allegedly killed by Bulger and his gang.

Kevin Weeks, Bulger's right-hand man, said the crime lord stuffed envelopes with cash for law enforcement officers at holiday time. "He used to say that Christmas was for cops and kids," Weeks testified.

After a series of hearings in the late 1990s, U.S. District Judge Mark Wolf found that more than a dozen FBI agents had broken the law or violated FBI regulations.

Among them was Connolly's former supervisor, John Morris, who admitted he took about $7,000 in bribes and a case of expensive wine from Bulger and henchman Stephen "The Rifleman" Flemmi. Morris testified under a grant of immunity.

In addition, Richard Schneiderhan, a former Massachusetts state police lieutenant, was convicted of obstruction of justice and conspiracy for warning a Bulger associate that the FBI had wiretapped the phones of Bulger's brothers.

Edward J. MacKenzie Jr., a former drug dealer and enforcer for Bulger, predicted that Bulger will disclose new details about FBI corruption and how agents protected him for so long.

"Whitey was no fool. He knew he would get caught. I think he'll have more fun pulling all those skeletons out of the closet," MacKenzie said. "I think he'll start talking and he'll start taking people down."

A spokesman for the Boston FBI did not return calls seeking comment. In the past, the agency has said that a new generation of agents has replaced most or all of the agents who worked in the Boston office while Bulger was an informant.

A law enforcement official who requested anonymity because of the ongoing investigation told The Associated Press on Friday that FBI agents lured Bulger out of his., apartment earlier this week by telling him someone had broken into his on-site storage unit. The official said Bulger walked out of the apartment, was arrested without incident and consented to a search of the premises.

Some law enforcement officials said they doubt Bulger will try to cut a deal with prosecutors by exposing corruption, in part because he will almost certainly be asked to reveal what contact he had with his brothers while he was a fugitive and whether they helped him in any way.

"If Bulger talks, he would have to talk about his brothers, and I can't see that happening, said retired state police Detective Lt. Bob Long, who investigated Bulger in the 1970s and '80s."They are not going to take selective information from him — it's either full and complete cooperation or nothing."

Criminal defense attorney and former Drug Enforcement Administration agent Raymond Mansolillo said Bulger may not have any incentive to talk. "The FBI may say, 'You're going to jail or you're going to be killed. We're not offering you anything,'" said Mansolillo, who once represented New England crime figure Luigi "Baby Shacks" Manocchio.

But retired Massachusetts state police Maj. Tom Duffy, one of the lead investigators in the Bulger case, said Bulger may agree to talk if he thinks it could help his girlfriend.

"It's very possible he's concerned about her well-being — she was with him for 16 years and was very loyal to him," Duffy said. "That may be a bargaining chip for the government during negotiations."

The question of whether Bulger will be given a public defender will be decided later. A hearing was scheduled for Tuesday. He did not enter a plea.

Bulger is "looking forward to facing the charges against him," said Peter Krupp, a lawyer assigned to represent Bulger for purposes of Friday's hearing only.

Among the onlookers at the courthouse was Margaret Chaberek, who grew up in Bulger's home turf of South Boston. "I'm here to see him get what he deserves," she said.

Ina Corcoran of suburban Braintree came on her day off to witness a piece of history and sat on a bench outside the fifth-floor courtroom, saying it was like being there to see Al Capone.

"If you could go back in time to be in that courtroom, wouldn't you?" she said.

___

Associated Press writers Johanna Kaiser, Laura Crimaldi in Providence, R.I., Curt Anderson in Miami and Greg Risling in Los Angeles contributed to this report.’

Trail to bin Laden began with phone call (Washington Post) [ It’s truly difficult not to like Mr. Woodward or not to receive well anything he reports on. After all, having been played on the big screen by extremely likeable Robert Redford, I’m constrained to say I myself am predisposed to liking Mr. Woodward (Hoffman/Bernstein – not so much) and being thusly more receptive to what he has to say (that ‘transfer aspect’ of ‘propaganda’ which I was fortunate to have studied in sixth grade, the advanced reading group, courtesy of James Bresnahan, undoubtedly the best teacher I’ve ever had, grade for grade – he treated young people as more than just kids, with exposure to the great classics, classical music, slides and insights from his wide-ranging world travels, etc.). This is not to say Mr. Woodward should in any way be diminished inasmuch as his substantial journalistic credentials and contributions speak for themselves (particularly his recent piece, at great peril I believe, on the ubiquity of high level security clearances in the Washington metro area). Moreover, his contributions are invariably a welcomed positive for the great paper, The Washington Post. Yet, Mr. Woodward was a ‘navy man’, after all; and, I can’t help but think, with all the scripted, staged hoopla surrounding the Bin Laden affair, his ‘gorge rises at it’. Indeed, 911 itself; that ‘pearl harbor event’ so sought by the neo-cons / war mongerers still defies explanation (ie., the ‘stand-down order’, symmetrical implosions, foreknowledge by some {who conveniently ‘missed the party’ that day}, etc.. Some links, echoing the unbelief akin to the ‘Jessica Lynch’, Tillman, etc., affairs follow. Additionally, people must remain attuned to the reality that though having but 5% of the world’s population, america can boast 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg . Defacto bankrupt, fraudulent america also spends more on military spending than all the nations of the world combined... federal employees / contractors, cia, all 3 branches of the u.s. government, etc., are included in this evolved american trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ], and the highest crime rates in the world by far. That perverse field of dreams I’ve previously alluded to, the american nightmare, if you build / contrive war, they will come. And, they do; seals of them (among others); and when their ‘tours’ are done, it’s murder inc./contract killing for hire that they’ve won (cia, mob, etc.). The 20th century, the ‘bloodiest century’, not coincidentally referred to as the american century, brings longings of nostalgia to american criminals who, like Pavlov’s dogs salivate at the prospect of killing, raping, pillaging, and plundering which primitive mindset they have mistakenly been conditioned to connect to their now irretrievably lost success as a nation state, and to the contrary, has become globally and domestically self-destructive / self-defeating. In so short a period of time, it is unlikely that Mr. Woodward could do an incisive investigative piece as he’s become famed for; nor could he reasonably be expected to have done so given the ‘breaking nature’ of the story. The entire 911 / Bin Laden scenario just doesn’t pass the smell test and reeks of political desperation and Orwellian opportunism. Uncharacteristically, and somewhat disingenuously, I’m not going to read Mr. Woodward’s article so that I can continue to like Bob Woodward Redford.]

Here’s Why Pending Home Sales Skyrocketed in May Wall St. Cheat Sheet[Foreclosure, distressed sales up, at least on paper, from contracts signed!]

The Real Reason Behind This Rally - How High Will It Go? ETFguide Simon Maierhofer, On Wednesday June 29, 2011 ‘If you've read any of my articles before, you know that I have a mini obsession with reading (and quoting) headlines. As a contrarian, I always like to have a pulse on the media's outlook because it can provide valuable contrarian clues.

Here are some of the headlines featured last week:

'Greek default could trigger chain reaction' - AP

'Why Wall Street still says buy, and you shouldn't' - AP

'Is the bull market over?' - Barrons.com

Interestingly, the Barrons.com article commented that: 'A look at four different sentiment measures suggests that more pain may await investors.'

I looked at similar sentiment measures and my conclusion was just the opposite.

Bearish Sentiment Extremes

By last Thursday (June 16) the market had recorded a number of bearish sentiment extremes. The most notable was the CBOE Equity Put/Call Ratio, which spiked to the highest level since early 2009.

Bullish sentiment captured by the AAII and II polls had also dropped significantly. In fact, the percentage of bullish advisors and investors was almost as low last week as it was in the summer of 2010 when the S&P was just barely above 1,000.

The VIX (Chicago Options: ^VIX) was the only sentiment gauge that wasn't in dangerous territory. However, the VIX set up to trigger a buy signal for stocks on Wednesday (June 15).

The chart below featured last week by the ETF Profit Strategy Newsletter on June 17, neatly summarizes the various sentiment indicators. The Newsletter's simple conclusion was that: 'Things might be so bad, it's actually good.'

http://www.etfguide.com//contributor/UserFiles/8/Image/vital%20signs%20july%20yahoo.gif

Support Levels

Sentiment gauges are valuable, but basing decisions merely on sentiment can be dangerous. For that reason, the ETF Profit Strategy Newsletter always looks at structurally important support/resistance levels.

Here are some of them mentioned in Wednesday's (June 15) Profit Strategy update:

1) A trend line originating at the March 2009 low 2) Fibonacci support 3) March 16, 2011 low 4) 200-day moving average 5) Weekly pivot support

All this support was clustered between S&P (SNP: ^GSPC) 1,259 - 1,245, and the Newsletter recommended to close out short positions (established when the S&P reached the Newsletter's upside target at 1,369) and leg into long positions as soon as the S&P entered this range. It did so on Thursday, June 16.

Bullish Dow Theory Non-Confirmation

In the week of June 13, The Dow Jones Industrial Average (DJI: ^DJI) dropped to a new 3-month low on Wednesday (June 15), while the Dow Jones Transportation Average (NYSEArca: IYT - News) recorded its low previously on Monday (June 13). According to Dow Theory, this is bullish as long as the Dow Jones Transportation Average does not fall below 5,043.21 and not close below 5,072.58.

Another bullish non-confirmation was found between the DJIA (NYSEArca: DIA - News) and the S&P 500 (NYSEArca: VOO - News), Russell 2000 (NYSEArca: IWM - News), Nasdaq Composite (Nasdaq: ^IXIC), and Nasdaq-100 (Nasdaq: QQQ - News). The senior DJIA was the only major index that did not fall to a new low on Thursday (June 16).

How High Will it Go?

The key question now is whether this rally is merely a bounce within a new bear market or an attempt to reach new highs. The assessment made on June 15 was that: 'The current trading range is seen to be between 1,250 - 1,300.'…’ [ This is but a bounce in a secular bear market based on b***s*** alone! ]

Population bomb: 9 billion march to WWIII Paul B. Farrell

How much will our wars cost? Report says $4 trillion

Farage: Arab Spring Could Lead to “Mediterranean Summer of Discontent” BBC News | “It doesn’t matter how much money you throw at it… the fact is that Greece is going bust,” he told MEPs.

EU president Van Rompuy fear-mongers global economic ruin if Greek austerity vote fails AFP | Brussels told Greece that no “Plan B” would be waiting if it failed to pass the measures demanded.

Meet The IMF’s New Leader, Christine Lagarde NPR | France’s finance minister secured the top job at the IMF.

Austerity Riots – A Glimpse Of America’s Future? Are the austerity protests and riots happening in Greece right now a glimpse of America’s future? The truth is that both nations are absolutely drowning in debt.

The day in 2011 that will change your life (Stansberry) http://www.stansberryresearch.com/pro/1011PSIEND49/LPSILC42/PR

U.S. cost of war at least $3.7 trillion and counting The final bill will run at least $3.7 trillion and could reach as high as $4.4 trillion, according to the research project “Costs of War” by Brown University’s Watson Institute for International Studies.

Gold Rises As Greek Parliament Approves Austerity Gold traded higher for a second day on word that the government of Greece will accept austerity measures despite the overwhelming rejection of the IMF and EU plan by the Greek people.

Obama Pushing U.S. To Economic Disaster: Google Founder The eccentric and frugal billionaire college professor who helped Sergey Brin and Larry Brin develop Google has warned that US President Barack Obama is pushing the U.S. towards a path of economic disaster.

Afghanistan Central Bank Head Flees To US In what may be the most prophetic news of the day, we learn that the head of Afghanistan’s central bank, Abdul Fitrat (what an oddly appropriate name for a central banker), has escaped the country, emigrated to the US and “isn’t expected to return.

Bank of America close to $8.5B deal Bank could announce a settlement today involving claims it sold investors poor-quality securities. (Washington Post) [ Great deal, for them as for the big frauds on wall street who’ve cashed out worthless / toxic / assets / paper at ‘mark to anything’ (congressional FASB rule change help) and QE etc. (fed help - Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money--). House rejects Obama’s Libya policy Lawmakers vote down a measure that would authorize mission, but stop short of cutting funding. (Washington Post) [ Ah, riiiiight! The worst of both worlds. ‘Cutting the baby in half’ probably their most politically expedient solution to appeasing their respective ‘support groups’. Though not the kind of group therapy support groups that immediately come to mind, one laments the various elements of the pervasively corrupt u.s. government are not receiving the kind of psychotherapy they need by way of group therapy or otherwise. Speaking of spending cuts, here’s one they ‘dare not do’: House votes down SEC budget hike Agency has been seeking a budget increase to keep pace with its expanded responsibilities. (Washington Post) [ No surprise here given the prior and continuing defacto complicity in wall street’s enormous frauds. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Report: SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman … Yet, one must ask what have they been doing and already getting paid for? Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud ) … I want just one person with courage enough to stand up and explain to all that these huge commissionable computerized trading volumes like never before are a net negative in a very big way … that’s a fact … that’s economic reality in real terms! … Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm

A debt ceiling leadership failure On Leadership | Congress’s failure to fix the budget deficit is due to fundamental differences of opinion on the role of government. U.S. consumer confidence unexpectedly (but realistically – and not because of the budget stalemate) falls (Washington Post) [Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘President enters the debt talks Obama hosts sitdowns as leaders remain divided over spending reductions and tax increases. (Washington Post) [ Oooooh! The big gun has arrived, with the biggest gun, Mr. Teleprompter just a hot line away. Come on! Let’s get real! What does wobama the b (for b***s***) know that any of these other fellow nincompoops don’t; particularly about economics / finance, even compared to ‘Lobotomy Joe’. Market Crash 6/30/11?Technical indicators suggest market collapse may begin by June 30th Dennis Slothower is one of the world’s leading technical analysts. He’s one of the few advisors whose readers completely avoided ALL losses during the disaster that was 2008. And now he’s issuing another dire warning. His technical indicators suggest that the market manipulation we’ve seen over the last several months is about to come to an end…and that means thousands of investors are about to get clobbered. This correction could begin as soon as June 30th– so it’s important that you take action now to prepare yourself. StealthStocksOnline.com [ Oooooh! Bring in the big guns; viz., ‘wobama the b’ (for b***s***) … sounds like a plan! After all, ultimately it’s Mr. Teleprompter who’ll have the final say; and, it seems like wobama’s got a lock on that ‘relationship with Mr. T; you know, ‘pecking order’ kinds of stuff … Then begs the question: Is Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I mean, come on! This catering to fraudulent wall street was a loser ab initio! That so-called ‘wealth effect’ market froth was used previously by senile ‘maestro’ greenspan and failed miserably except for the frauds on wall street who commissioned up and down; and, make no mistake, those computer-programmed high-frequency trading volumes have now been maximized for nation-economy-draining profits for the frauds like never before and have never been higher. The QE and dollar-debasement policies were always predictably inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel good’ obfuscation that was but in reality good only for the frauds on wall street. No, there is no modern day alchemy that spins worthless paper into gold except fraudulently for the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing out’ for hard currency and gold, precious metals, at everyone else’s expense including main street. ]

Pawlenty emerges as hawk in GOP field Candidate criticizes Obama, Clinton and GOP for views on the continuing uncertainty in the Middle East. (Washington Post) [ Pawlenty? Pawlenty crazy! Plenty crazy! Pawlenty is plenty crazy! Pawlenty is crazy! This is an eminently reasonable inference. After all, jive-talkin’ wobama the b (for b***s***)’s ‘got rythym’ so as per the song, ‘who could ask for anything more’. Indeed, contrary to campaign promises, he’s given the military industrial complex all they’ve asked for and more so ‘who could ask for anything more’. But they do, ask for more, war. In fact, more, as in ever more worthless, debased paper dollars that haven’t even been printed yet. More, as in enough to make mor … on, war criminal bush look like a piker. More … bankrupt though though this pervasively corrupt nation’s already defacto bankrupt. Though lost on Washington, rationality counts. Numbers count. Reality counts. The pandering man without a message, pawlenty, plenty, crazy! … Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm

Focus Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs, extinction, at least in a manner of speaking. Global information exchange at lightning speed has made such throwbacks to a lost era, propaganda, and maladaptive traits foolish at best, deadly at worst. Intelligent people worldwide aren’t buying the obsolete, Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc.; more specifically, diversion of the masses from the glaring failures of leadership, economic and otherwise.

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.

THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

New IMF chief faces immediate tests Lagarde faces immediate tests in Greece, as well as a longer-range commitment to giving developing nations more power within the IMF.(Washington Post) [ Test number 1: Can she count? Yes, a simple math test. Test number 2: Has she lost touch with reality? Yes, a simple psychological test determinative of whether she’s lost touch with reality. If, unlike her american ‘counterparts along with no-recession-helicopter-ben-bs-bernanke’, she passes tests 1 and 2, she then qualifies to undergo tests for competence in economics, finance, law which thus far have been absent from both discourse and action. House rejects Obama’s Libya policy Lawmakers vote down a measure that would authorize mission, but stop short of cutting funding. (Washington Post) [ Ah, riiiiight! The worst of both worlds. ‘Cutting the baby in half’ probably their most politically expedient solution to appeasing their respective ‘support groups’. Though not the kind of group therapy support groups that immediately come to mind, one laments the various elements of the pervasively corrupt u.s. government are not receiving the kind of psychotherapy they need by way of group therapy or otherwise. Speaking of spending cuts, here’s one they ‘dare not do’: House votes down SEC budget hike Agency has been seeking a budget increase to keep pace with its expanded responsibilities. (Washington Post) [ No surprise here given the prior and continuing defacto complicity in wall street’s enormous frauds. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Report: SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman … Yet, one must ask what have they been doing and already getting paid for? Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud ) … I want just one person with courage enough to stand up and explain to all that these huge commissionable computerized trading volumes like never before are a net negative in a very big way … that’s a fact … that’s economic reality in real terms! … Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm

Is Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I mean, come on! This catering to fraudulent wall street was a loser ab initio! That so-called ‘wealth effect’ market froth was used previously by senile ‘maestro’ greenspan and failed miserably except for the frauds on wall street who commissioned up and down; and, make no mistake, those computer-programmed high-frequency trading volumes have now been maximized for nation-economy-draining profits for the frauds like never before and have never been higher. The QE and dollar-debasement policies were always predictably inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel good’ obfuscation that was but in reality good only for the frauds on wall street. No, there is no modern day alchemy that spins worthless paper into gold except fraudulently for the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing out’ for hard currency and gold, precious metals, at everyone else’s expense including main street. ] In his June 7 speech, Fed Chairman Ben Bernanke stated, “the best way for the Federal Reserve to support the fundamental value of the dollar in the medium term is to pursue our dual mandate of maximum employment and price stability, and we will certainly do that.”

.. Bernanke’s results .. since Ben took the reins:

Feb ’06 – April ’11

Items in a Typical Budget	% Change
Food and Beverages	16.54%
Water and sewer and trash collection services	31.88%
Rent of primary residence	13.82%
Housing	8.68%
Fuels and Utilities	11.93%
Apparel	4.83%
Medical Care	20.11%
Gasoline (all types)	65.12%
Transportation	23.36%
Tuition, other school fees, and childcare	29.28%
Recreation	2.87%

 ..  The standard unemployment rate most often used by the Fed is currently at 9.1%, up 90% since Bernanke started.  The more inclusive (realistic) U6 number stands at 15.8%, up 75% in the same period.  The Civilian Participation Rate has declined 2.87% to 64.2%.

This is the lowest level the U.S. has seen since March, 1984.  The decline amounts to 8,946,844 fewer Americans in the labor force.  Had they not dropped out because of a lack of jobs, the “official” unemployment rate would be significantly higher.  While we can debate the meaning of the term maximum employment, it is clear that the jobs data has deteriorated considerably since Bernanke took the reins at the Fed.  ..

In conclusion, it is evident that Ben Bernanke is failing his mandates.  We believe it must come down to one of the following reasons:

1.       Bernanke does not know how to achieve his mandates;

2.       The policy tools employed don’t work;

3.       He does not have the ability to implement policies that would work;

4.       He is not trying to achieve his mandates;

5.       He has goals other than his legal mandates;

6.       He does not look at the data, and believes he is succeeding.

Matt Marcewicz &  Robert Barone, Ph.D.

.. ‘ Inflation Expectations Are Heating Up

Market Crash 6/30/11?Technical indicators suggest market collapse may begin by June 30th Dennis Slothower is one of the world’s leading technical analysts. He’s one of the few advisors whose readers completely avoided ALL losses during the disaster that was 2008. And now he’s issuing another dire warning. His technical indicators suggest that the market manipulation we’ve seen over the last several months is about to come to an end…and that means thousands of investors are about to get clobbered. This correction could begin as soon as June 30th– so it’s important that you take action now to prepare yourself. StealthStocksOnline.com

National / World

Texas Special Session Ends Without Passage of Anti-TSA Groping Bill Kurt Nimmo | Federal intimidation efforts successful in preventing bill to stop molestation of air travelers.

Mayor Bloomberg Remixes al-Qaeda Video to Push Gun Control Effort Kurt Nimmo | Absurd al-Qaeda video exploited by Bloomberg called for Muslims to buy automatic weapons at gun shows and kill Americans.

EPA On Radiation Alert As Fires Reach 50 Feet From Los Alamos Nuke Plant Paul Joseph Watson | Environmental Protection Agency cannot be trusted to provide accurate information about health threats.

Ron Paul: Obama’s Libya War Power Grab Impeachable Kurt Nimmo | Presidents have waged war without constitutional authority since Truman and the creation of the national security state.

Gold Rises As Greek Parliament Approves Austerity Kurt Nimmo | Gold realized the most significant daily rise in nearly six weeks.

Greece to vote on austerity plan Lawmakers are expected to vote today on $40B package of spending cuts that have sparked protests. (Washington Post) [ ‘Greecin’ the skids, so to speak … for the frauds on wall street. The recurring non-event that makes for great press purporting to be the main event. The new scam / sham to keep suckers suckered. I mean, look at the yet again end of month, quarter, half window dressing based on nothing at all. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Talk about milking the greek crisis and for the umpteenth time a so-called solution (and there are loads of greecy scenarios worldwide) … I don’t think so and neither does Schaeffer who says: ‘…even once such a package is passed it only buys time. Actually fixing the fiscal condition of Greece is not something that can be solved in a matter of weeks, or even months…‘ but it’s great press for the churn and earn and to keep the suckers suckered. Technology rally? Defacto bankrupt american technology is horrendous but great sizzle for the new fraud as in the dotcom bust days. Then there’s the greasy b.s. new greecy b.s. factor. The rally into the close and the previous so-called (4 day) ‘rally’ was based on b***s*** alone to keep the suckers suckered and for ‘smarter money ‘ along with the frauds to sell into. This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Selling In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart. Wall Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press” climaxed Sunday  with a startling market prognostication from David Brooks, conservative columnist for the NY Times. The risk of a debt default over the combustible issue of the Medicare deficit hangs over the course of the stock market. Buyers Beware!“I was up in Wall Street  this week,” Brooks said. “They’re vastly underestimating the source of piolitical risk here. We could have a major problem, I think, either this summer or the next couple years. And I’d be worried about investing too much in the market. That’s my financial advice.”…’ Another Financial Crisis Is On The Way, Mobius Says STOCKS HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline..’ ] States face shortfall for retirees (WP) Public workers’ retirement funds had a gap of $1.26 trillion at the end of fiscal 2009 Study: Affordable rentals scarce (WP) Poll: For Obama, low marks on Afghan war (WP) More Americans disapprove of President Obama’s management of the war in Afghanistan than support it Fuel prices cut into Obama popularity (WP) They’ve used the contrived mideast turmoil and their wars to obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- Market Crash 6/30/11?Technical indicators suggest market collapse may begin by June 30th Dennis Slothower is one of the world’s leading technical analysts. He’s one of the few advisors whose readers completely avoided ALL losses during the disaster that was 2008. And now he’s issuing another dire warning. His technical indicators suggest that the market manipulation we’ve seen over the last several months is about to come to an end…and that means thousands of investors are about to get clobbered. This correction could begin as soon as June 30th– so it’s important that you take action now to prepare yourself. StealthStocksOnline.com

Final Showdown For TSA Groping Bill Paul Joseph Watson | Will House pass Dan Patrick’s SB 29 or settle for a completely worthless resolution?

Fire Threatens Plutonium and Uranium Release at Los Alamos National Laboratory Washington’s Blog | A raging wildfire is threatening to engulf the Los Alamos National Laboratory.

Charges dismissed against woman arrested while videotaping traffic stop from her front yard Raw Story | The case against a 28-year-old woman charged with obstructing governmental administration after refusing a police officer’s order to leave her front yard while she was videotaping a traffic stop has been dismissed.

The day in 2011 that will change your life (Stansberry) http://www.stansberryresearch.com/pro/1011PSIEND49/LPSILC42/PR

A World Overwhelmed By Western Hypocrisy Paul Craig Roberts | Western institutions have become caricatures of hypocrisy.

Ron Paul On 2012: Establishment, Media Unable To Exclude Me This Time Around Steve Watson | Texas Congressman Ron Paul feels much more optimistic about his 2012 presidential run.

The Bank Of America Non-Settlement “Settlement” Zero Hedge | Some curious language in the BAC settlement.

Why your local Hospital could soon shut down (Stansberry Newsletter) http://www.stansberryresearch.com/pro/1011PSIEND49/LPSILC42/PR

Pakistan tells US to leave ‘drone’ attack base AFP | Pakistan tells U.S. to leave a remote base reportedly used as a hub for covert CIA drone attacks.

Obama looks to big donors to fund early push The president and top aides are waging a behind-the-scenes push to win over skeptical big-dollar donors, whose cash is needed to finance dramatic summertime growth in his battleground-state machinery. Earlier: In trip to New York, a focus on Wall Street cash (Washington Post) [ I’m sure it comes as no revelation that the time has come for a revamp of pervasively corrupt, defacto bankrupt america’s ‘election process / rules’ which have been so antithetical to the purported democracy they’ve been meant to serve; but to the contrary, have literally in terms of reality, contributed in large part to the decline and fall of this nation. Indeed, the bribes have left criminals / frauds, ie., wall street, etc., doing what they do best; viz., crime, fraud; along with the military / industrial complex doing what they do best; viz., waging / contriving needless war, depleting / plundering treasury, etc.. Pervasively corrupt, defacto bankrupt america has never been more diminished in the eyes of this nation and the rest of the world which view comports with factual reality. Moreover, some very capable people have been precluded from participation in government owing to what has become a ‘country club institution of incompetents / inmates running this asylum aka the so called u.s. government’. In any event, wobama the b (for b***s***) is done, a proven failed president as dumbya bush et als before him, and the same would be just wasted cash in any event. Wobama’s pathetic!

JFK {Platoon , Wall Street , Natural Born Killers , W. , Wall Street: Money Never Sleeps } [And yes; I also believe there’s been a coup d’etat in pervasively corrupt, defacto bankrupt, banana republic america, gunboat diplomacy, plundering the treasury, and all! ] [I saw ‘JFK’ for the first time today and must say, though preoccupied at the time (1992) with other things (RICO and consequent substantial pressure from various nefarious elements, mob, mob-connected / controlled, corrupt government-state,local,federal, etc.. ) I was ‘hoodwinked’ by mainstream media critics who for the most’ ho-hummed’ the film as more of the same conspiracy stuff the factual basis for which I was already familiar with; and hence, disinclined to make any significant effort to view same. Boy, were they and derivatively I wrong! I am totally astounded by the insightful documentation in this film, so masterfully presented in cinematic form. If at all, Stone seemed shy about presenting even reasonable inferences from facts so strictly set forth. By leading with actual speech footage from who I believe to have been america’s last great president / leader, the substantially underrated President General Eisenhower who warned of the dangers inherent to the military / industrial complex, Stone set the tone for what I believe to have been the most courageous and significant warning of the current national and global crises confronting the nation and world today and the reasons therefore (his negative exposés of wall street, inherent american criminality, W, etc., complement and support his theme while revealing his wide range, wisdom, and talent). (I must say that I liked Ronald Reagan, as I’ve previously said I like Robert Redford, as being very likeable guys - I’m also conservative, but not to a fault – his rational approach and results with Gorbachev were his most significant accomplishments. Parenthetically and coincidentally, I also saw for the first time this same day, Reagan in ‘Bedtime for Bonzo’; and, I was shocked that it was better than I could have possibly imagined and hardly the stuff warranting the mocking he got for same on the political trail … do you think it was just a foreboding of the nation’s current predicament with ‘wobama the b’ (for b***s***); and yes, I do have that ‘birther wobama family portrait’ on my website front page http://albertpeia.com . In sum, the inherently criminal behaviors of americans as depicted are all too real and an auspicious sign indicative of corruption across the board and through all levels of u.s. government. In light thereof, I’m compelled to wonder as previously set forth and infra, whether my trust in and affinity for the FBI will have been ultimately proven to have been contraindicated in fact and reality; and hence, as I ponder, a maladaptive personal trait / flaw. Stated another way, should having then done the deal with the mob for the money despite personal ethics and oath militating against same have been the correct choice in pervasively corrupt america. It certainly up to this point would have been the most expedient, efficacious, and adaptive choice in pervasively corrupt, inherently criminal america. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]

The purported leaders today; compromised, cowardly, criminal puppets all, the story of pervasively corrupt, defacto bankrupt america today.

Filmography - As Director

Year	Film	Academy Award Nominations	Academy Award Wins	Golden Globe Nominations	Golden Globe Wins	BAFTA Nominations	BAFTA Wins
1974	Seizure
1981	The Hand
1986	Salvador	2
1986	Platoon	8	4	4	3	3	2
1987	Wall Street	1	1	1	1
1988	Talk Radio
1989	Born on the Fourth of July	8	2	5	4	2
1991	The Doors
1991	JFK	8	2	4	1	2	2
1993	Heaven & Earth			1	1
1994	Natural Born Killers			1
1995	Nixon	4		1		1
1997	U Turn
1999	Any Given Sunday
2003	Comandante
2004	Alexander
2006	World Trade Center
2008	W.
2009	South of the Border
2010	Wall Street: Money Never Sleeps			1
2012	Savages
Total		31	9	17	9	8	4

October 15, 2010 (*see infra {ultimately delivered by UPS})

Steven M. Martinez, Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700

Los Angeles, CA 90024

Dear Sir:

I enclose herewith 3 copies of the within DVD rom autorun disk (which will open in your computer’s browser) as per your office’s request as made this day (the disk and contents have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer to prevent viral attacks / infection and are without threat). I also include 1 copy of the DVD as filed with the subject court as referenced therein (which files are also included on the aforesaid 3 disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act is a criminal statute which provides a civil remedy, including treble damages and attorney fees, as an incentive for private prosecution of said claims probably owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such assistance given the seriousness and prevalence of said violations of law which have a corrupting influence on the process, and which corruption is pervasive). A grievance complaint against Coan was also filed concurrently with the subject action and held in abeyance pending resolution of the action which was illegally dismissed without any supporting law and in contravention of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District Connecticut. The files below the horizontal rule are the referenced documents as filed. (Owing to the damage to the financial interests of both the U.S. and the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False Claims Act probably would apply and I would absent resolution seek to refer the within to a firm with expertise in that area of the law with which I am not familiar).

The document in 5 pages under penalty of perjury I was asked to forward to the FBI office in New Haven is probably the best and most concise summary of the case RICO Summary to FBI Under Penalty of Perjury at Their Request (5 pages) [ ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].

The correspondence I received from the Congresswoman by way of email attachment (apparent but typical problem with my mail) along with my response thereto is included on the 3 disks as fbicorrespondencereyes.htm . With regard to the calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA office and I was referred to the Long Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the money laundering which he confirmed as indicative of same (he was transferred from said office within approximately a month of said meeting and his location was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron Barndollar and we remained in touch for in excess of a decade until he abruptly retired (our last conversation prior to his retirement related to the case and parenthetically, Rudy Giuliani whose father I stated had been an enforcer for the mob to which he registered disbelief and requested I prove it, which I did – he served 12 years in prison, aggravated assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew Maloney’s the one that prosecuted gotti).

In contradistinction to the statement in said correspondence, there is a plethora of information including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set forth in the case, inter alia,

• A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..
• Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.
• The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages: [ Shiff Order of Dismissal With Prejudice on Coan’s Failure to File Page 1 Page 2 ]
• Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ]
• Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.

• Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one mob case he had brought, bungled, lost (accidently on purpose?) since I was suing some mob-connected under RICO and the court (I had known / previously met outside of court the judge Ackerman through a client) was absolute bedlam and a total joke since incompetent corrupt Alito brought in all 20 mob defendants (rather than prosecute one or a few to flip them first) who feigning illness had beds/cots in the courtroom along with their moans during testimony and had the jury in stitches. As much as I hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3^rd 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. 5^th Street, #404

Los Angeles, CA 90013

(213) 219-**** (cell phone)

(213) 622-3745 (listed land line but there are unresolved problems with the line, computer connection may be the reason but I hesitate to chance greater non-performance / worsening by their ‘fix’ so cell phone best for contact).

----------

*The foregoing and as indicated therein was previously send 9-14-10 but delivery confirmation was flawed as set forth below and my inquiries to the u.s. postal service rebuffed (I believe tampered with inasmuch as your office could not locate same). This cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the subject files for ease of reference, including the files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates once again that your office has not received the aforesaid and which can reasonably be presumed to have been tampered with, and hence, a violation of the federal statute concerning same. {Ultimately delivered by UPS} ]

FBI trouble after Bulger’s capture? The crime boss is said to have boasted of corrupting agents. If he talks, some could live to regret it. (Washington Post) [ Wow! I knew the northeast generally, jersey / new york particularly in terms of mob infestation / infiltration / control, and the unique status of virginia in terms of government (cia / military, all three branches in support thereof) involvement in the illegal drug trade, etc., connecticut and california derivatively thereby; but I’m now wondering about the stonewalling across the board regarding the RICO matters [ I personally trust the FBI, and to be truthful, really have no choice but to do so; moreover, I personally like the FBI … I hope that’s not been a mistake and ultimately a personal flaw, respectively, since it is the liars (sic lawyers, ie., in the DOJ, etc.) who’ve been invariably the corrupting, corrupt, corruptible agents, including judicially and otherwise ]. : http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm . Report: SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality http://albertpeia.com/grimreality.htm Mob boss brought back to Boston; will he sing? DENISE LAVOIE BOSTON (AP) — James "Whitey" Bulger's capture could cause a world of trouble inside the FBI.

Americans spent even less in May (Washington Post) [ Yeah … unless you work in or for the u.s. government, you’re constrained by the fundamental precept that ‘you can’t spend what you don’t have’; that is, of course, unless you’ve taken the various administrations’ encouragements to heart and like them, done exactly that, and to the nation’s substantial detriment at that. Is Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I mean, come on! This catering to fraudulent wall street was a loser ab initio! That so-called ‘wealth effect’ market froth was used previously by senile ‘maestro’ greenspan and failed miserably except for the frauds on wall street who commissioned up and down; and, make no mistake, those computer-programmed high-frequency trading volumes have now been maximized for nation-economy-draining profits for the frauds like never before and have never been higher. The QE and dollar-debasement policies were always predictably inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel good’ obfuscation that was but in reality good only for the frauds on wall street. No, there is no modern day alchemy that spins worthless paper into gold except fraudulently for the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing out’ for hard currency and gold, precious metals, at everyone else’s expense including main street. ] In his June 7 speech, Fed Chairman Ben Bernanke stated, “the best way for the Federal Reserve to support the fundamental value of the dollar in the medium term is to pursue our dual mandate of maximum employment and price stability, and we will certainly do that.”

It is instructive to take a look at the actual Federal Reserve goals, as well Bernanke’s results in pursuing those goals.

Goals of Monetary Policy

“The goals of monetary policy are spelled out in the Federal Reserve Act, which specifies that the Board of Governors and the Federal Open Market Committee should seek ‘to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates’.  Stable prices in the long run are a precondition for maximum sustainable output growth and employment as well as moderate long-term interest rates.

When prices are stable and believed likely to remain so, the prices of goods, services, materials, and labor are undistorted by inflation and serve as clearer signals and guides to the efficient allocation of resources and thus contribute to higher standards of living. Moreover, stable prices foster saving and capital formation, because when the risk of erosion of asset values resulting from inflation—and the need to guard against such losses—are minimized, households are encouraged to save more and businesses are encouraged to invest more.”

Let’s look at the results of Bernanke’s economic “fine tuning” (using data from the St. Louis Fed’s database, starting in February, 2006, through April 2011), and see if he has successfully pursued this mandate.

Definition of STABLE (from the Mirriam-Webster dictionary)

a : firmly established : fixed, steadfast <stable opinions>

b : not changing or fluctuating : unvarying <in stable condition>

c : permanent, enduring <stable civilizations>

Stable Prices?

Stable prices are one of the Fed’s primary mandates.  In the table below, take a look at what has happened to the prices of items in a typical U.S. consumer’s budget since Ben took the reins:

Feb ’06 – April ’11

Items in a Typical Budget	% Change
Food and Beverages	16.54%
Water and sewer and trash collection services	31.88%
Rent of primary residence	13.82%
Housing	8.68%
Fuels and Utilities	11.93%
Apparel	4.83%
Medical Care	20.11%
Gasoline (all types)	65.12%
Transportation	23.36%
Tuition, other school fees, and childcare	29.28%
Recreation	2.87%

It is easy to play with the weightings of the above prices, and see how individual budgets would be impacted.  Regardless of the method used to look at prices, it is clear that Bernanke has not been successful at maintaining price stability since taking over as Fed Chairman.  Mandate not accomplished.

Maximum or Full Employment

Finding a strict definition of maximum employment is impossible.  Many economist give different estimates, ranging from 2%-7%.  The standard unemployment rate most often used by the Fed is currently at 9.1%, up 90% since Bernanke started.  The more inclusive (realistic) U6 number stands at 15.8%, up 75% in the same period.  The Civilian Participation Rate has declined 2.87% to 64.2%.

This is the lowest level the U.S. has seen since March, 1984.  The decline amounts to 8,946,844 fewer Americans in the labor force.  Had they not dropped out because of a lack of jobs, the “official” unemployment rate would be significantly higher.  While we can debate the meaning of the term maximum employment, it is clear that the jobs data has deteriorated considerably since Bernanke took the reins at the Fed.  Mandate not accomplished.

Moderate Interest Rates

While not stated in Bernanke’s recent address, the Fed’s website also posts “moderate interest rates” as a stated goal.  While we cannot definitively say what constitutes “moderate”, we do know that both short and long-term interest rates are near all time lows.  It is safe to assume that near record low rates are not “moderate”.  Further, when  interest rates are artificially held below the rate of economic growth,” financial repression” is occurring.  Many bright folks have commented on how the zero interest rate policy (ZIRP) is destructive to savers and misallocates resources.  It is safe to say that this mandate has not been accomplished.

In conclusion, it is evident that Ben Bernanke is failing his mandates.  We believe it must come down to one of the following reasons:

1.       Bernanke does not know how to achieve his mandates;

2.       The policy tools employed don’t work;

3.       He does not have the ability to implement policies that would work;

4.       He is not trying to achieve his mandates;

5.       He has goals other than his legal mandates;

6.       He does not look at the data, and believes he is succeeding.

We will leave it up to our readers to make their own conclusions.

Matt Marcewicz &  Robert Barone, Ph.D.

Matthew Marcewicz and Robert Barone are investment advisor representatives with Ancora West Advisors LLC, Reno, Nev. ‘

Inflation Expectations Are Heating Up

Market Crash 6/30/11?Technical indicators suggest market collapse may begin by June 30th Dennis Slothower is one of the world’s leading technical analysts. He’s one of the few advisors whose readers completely avoided ALL losses during the disaster that was 2008. And now he’s issuing another dire warning. His technical indicators suggest that the market manipulation we’ve seen over the last several months is about to come to an end…and that means thousands of investors are about to get clobbered. This correction could begin as soon as June 30th– so it’s important that you take action now to prepare yourself. StealthStocksOnline.com

Economy in Danger of Full Stall

Wall St up again on Greece, but investors skittish - NEW YORK (Reuters) - U.S. stocks rose for a second day on Tuesday on optimism that a solution to Greece's debt crisis was near, although low volume indicated underlying nervousness in the market.

Technicals Knew what Bernanke Didn't: Stocks will Tank! But How Much?

Greece Puts on the Red Light, Sells its Assets to the Night at Minyanville 

Moody's Cuts Connecticut Outlook To Negative at Forbes Halah Touryalai

‘ Is Meredith Whitney’s “I told you so” moment approaching?

Moody’s just lowered Connecticut’s general obligation rating to negative from stable citing among other things “depleted reserves with slim prospects for near-term replenishment.”

From Moody’s:

The state has approximately $14 billion in outstanding general obligation bonds…The negative outlook reflects Connecticut’s depleted reserves with slim prospects for near-term replenishment; pension funded ratios that are among the lowest in the country and likely to remain well below average; and high combined fixed costs for debt service and post employment benefits relative to the state’s budget. In the absence of a clearly articulated plan to achieve meaningful improvement in the state’s pension funded ratios and reduce its fixed costs, as well as progress toward adequate reserve levels, Connecticut’s rating could be downgraded.

The news comes just a day after it was revealed that its tri-state neighbor New Jersey is seeking a $2.25 billion bridge loan from JPMorgan Chase. The Garden State has decided to take a bank loan instead of issuing bonds because the later would require more time to raise the necessary amount of cash to pay its bills.

Whitney, the analyst who has been sharply criticized for her prediction of widespread municipal defaults this year, was on CNBC this morning discussing the bridge loan. From the interview:

“I wouldn’t read too much into this one financing. It could be business as usual. That’s not the issue,” Whitney said in a live interview. “New Jersey’s fiscal woes are far bigger than them accessing a line of credit or a new loan.”

Rather, she said these types of moves will be mere warning shots as states approve their spending plans for the fiscal year ahead—running from July 1 to June 30—and balance those budgets by cutting local aid.

“That’s what’s really going to hurt. So the pain of the states is just upon us,” said Whitney, famous for her warning about Citigroup‘s exposure to subprime loans back in 2007, a call that would foretell the ensuing financial crisis. “What you’ll see now is as the states are submitting final budgets, you’ll see the real pain at the municipal level start happening July 1. That will intensify and that’s where you’ll see the fallout.”

Whitney said last year that she expects hundreds of billions in defaults on municipal bonds in the next five years.’

Meredith Whitney: GIRD YOUR LOINS ‘New Jersey’s move to take out a short-term $2.25 billion loan to pay its bills is symbolic of how difficult state and municipal financing will be in the year ahead, analyst Meredith Whitney told CNBC Tuesday…she said these types of moves will be mere warning shots as states approve their spending plans for the fiscal year ahead—running from July 1 to June 30—and balance those budgets by cutting local aid. “That’s what’s really going to hurt. So the pain of the states is just upon us,” said Whitney. “What you’ll see now is as the states are submitting final budgets, you’ll see the real pain at the municipal level start happening July 1. That will intensify and that’s where you’ll see the fallout.”"That’s what’s really going to hurt. So the pain of the states is just upon us,” said Whitney. “What you’ll see now is as the states are submitting final budgets, you’ll see the real pain at the municipal level start happening July 1. That will intensify and that’s where you’ll see the fallout.” [CNBC]’

Metro home prices hit lowest level since 1993 Home prices in metro Detroit fell at an annual rate of 7.5% through April, to a level not seen since June 1993, according to the Standard & Poor's/Case-Shiller home-price index for April released Tuesday.

Meet The IMF’s New Leader, Christine Lagarde NPR | France’s finance minister secured the top job at the IMF.

Can The Fed Stop Quantitative Easing? Paul Craig Roberts | If the Fed stops QE, confidence in the US dollar would rise.

Ron Paul Reality Check: Should America Sell Fort Knox’s Gold? Should the U.S. sell off its gold reserves to pay down debt? That’s the latest idea being tossed around by gold bug Ron Paul.

Can The Fed Stop Quantitative Easing? If the Fed stops QE, confidence in the US dollar would rise. Money would flow into US investments, both supporting the US stock market and helping to finance the large US budget deficit. Gold and silver prices would decline.

Dollar seen losing global reserve status The US dollar will lose its status as the global reserve currency over the next 25 years, according to a survey of central bank reserve managers who collectively control more than $8,000bn.

Welcome To The Recession: Manufacturing Surveys Imply US Economy Has Entered The Second Month Of A (Re)Recession There may be those among the less than brainwashed lemmingerati out there who have noticed what, as we have pointed out for the past month when reporting on the various manufacturing and regional Fed indices, has been an epic collapse in the appropriate data series.

National / World

Banging the Drums of War: Iran and the Neo-cons Robert Bonomo | All the usual suspects that hyped a war in Iraq which was started on false precepts and lies.

Alex Jones Calls Citizens’ Filibuster Against Texas TSA Sham TheAlexJonesChannel | This video highlights what Alex calls a ‘citizen’s filibuster’ rebuffing the TSA bill deception.

Calls For TSA Chief’s Head As Agency Now Denies It Forced Removal Of Adult Diaper Steve Watson | Keith Olbermann wades in on diaper controversy.

Alex Jones Exposes International Criminal Court RT | Radio host Alex Jones calls it another example of a globalist New World Order hypocrisy.

Fukushima in Nebraska? Raging Flood Waters Threaten Nuclear Catastrophe Kurt Nimmo | Upstream dams may burst and overwhelm nuclear fuel rod storage site.

Cancer Surges In Body Scanner Operators; TSA Launches Cover-Up Paul Joseph Watson | FOIA documents reveal how “large number of workers have been falling victim to cancer, strokes and heart disease”.

Greek PM: Austerity is Patriotic Duty Kurt Nimmo | Three quarters of Greeks oppose tax rises, spending cuts, globalist privatization, and the selling off of national treasures.

Final Senate Version of TSA Bill Authorizes Invasive Groping Paul Joseph Watson | TSA agents could meet “reasonable suspicion” mandate if travelers set off metal detector or refuse naked body scan.

House Passes Watered Down TSA Groping Bill The Alex Jones Channel | Alex Jones updates viewers with an emergency report on the latest developments with the Texas TSA groping bill.

Pragmatism may define Gates’s legacy Defense secretary may not be remembered for any grand ideas but for his stewardship of two wars. (Washington Post) [ What? What’s this? What parallel universe is this that talks of gates’ pragmatism. Legacy? What legacy? More contrived, needless war? More defacto bankruptcy and depletion of treasury for this and other nations? For those who think there’s strategic thinking behind these global blunders I say ‘wake up’ … look around you … smell the dead roses! Not that panetta is any better having turned this nation into but a piñata much like the failed predispositions which have brought down his home state (pelosi’s, feinstein’s anyone?). Unless measured in terms of increased heroin trade in Afghanistan, an increased cia / Hegelian approach to global matters leading ineluctably to new self-created needs for actions to dispel the ever increasing new problems resulting from their misguided acts, his tenure must be considered as much a failure as the failed presidents he’s served so dutifully; and, expect worse from piñata-man panetta. Like a psychotic serial arsonist employed in a fire department, creating the very devastating fires they’re called upon to put out, these appointees are lose – lose scenarios for everyone.

House rejects Obama’s Libya policy Lawmakers vote down a measure that would authorize mission, but stop short of cutting funding. (Washington Post) [ Ah, riiiiight! The worst of both worlds. ‘Cutting the baby in half’ probably their most politically expedient solution to appeasing their respective ‘support groups’. Though not the kind of group therapy support groups that immediately come to mind, one laments the various elements of the pervasively corrupt u.s. government are not receiving the kind of psychotherapy they need by way of group therapy or otherwise. Speaking of spending cuts, here’s one they ‘dare not do’: House votes down SEC budget hike Agency has been seeking a budget increase to keep pace with its expanded responsibilities. (Washington Post) [ No surprise here given the prior and continuing defacto complicity in wall street’s enormous frauds. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Report: SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman … Yet, one must ask what have they been doing and already getting paid for? Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud ) … I want just one person with courage enough to stand up and explain to all that these huge commissionable computerized trading volumes like never before are a net negative in a very big way … that’s a fact … that’s economic reality in real terms! … Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm

Focus Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs, extinction, at least in a manner of speaking. Global information exchange at lightning speed has made such throwbacks to a lost era, propaganda, and maladaptive traits foolish at best, deadly at worst. Intelligent people worldwide aren’t buying the obsolete, Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc.; more specifically, diversion of the masses from the glaring failures of leadership, economic and otherwise.

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.

THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Kick the can (Washington Post) [ I totally agree with Mr. Robinson; namely, they all need a kick in the can … you know, that ‘washington establishment’ that have failed all so miserably. Well, I know that’s not what he really meant. But, ‘do no harm’? Methinks it’s too little, too late no matter what they do to avoid that! Market Crash 6/30/11?Technical indicators suggest market collapse may begin by June 30th Dennis Slothower is one of the world’s leading technical analysts. He’s one of the few advisors whose readers completely avoided ALL losses during the disaster that was 2008. And now he’s issuing another dire warning. His technical indicators suggest that the market manipulation we’ve seen over the last several months is about to come to an end…and that means thousands of investors are about to get clobbered. This correction could begin as soon as June 30th– so it’s important that you take action now to prepare yourself. StealthStocksOnline.com

JFK {Platoon , Wall Street , Natural Born Killers , W. , Wall Street: Money Never Sleeps } [And yes; I also believe there’s been a coup d’etat in pervasively corrupt, defacto bankrupt, banana republic america, gunboat diplomacy, plundering the treasury, and all! ] [I saw ‘JFK’ for the first time today and must say, though preoccupied at the time (1992) with other things (RICO and consequent substantial pressure from various nefarious elements, mob, mob-connected / controlled, corrupt government-state,local,federal, etc.. ) I was ‘hoodwinked’ by mainstream media critics who for the most’ ho-hummed’ the film as more of the same conspiracy stuff the factual basis for which I was already familiar with; and hence, disinclined to make any significant effort to view same. Boy, were they and derivatively I wrong! I am totally astounded by the insightful documentation in this film, so masterfully presented in cinematic form. If at all, Stone seemed shy about presenting even reasonable inferences from facts so strictly set forth. By leading with actual speech footage from who I believe to have been america’s last great president / leader, the substantially underrated President General Eisenhower who warned of the dangers inherent to the military / industrial complex, Stone set the tone for what I believe to have been the most courageous and significant warning of the current national and global crises confronting the nation and world today and the reasons therefore (his negative exposés of wall street, inherent american criminality, W, etc., complement and support his theme while revealing his wide range, wisdom, and talent). (I must say that I liked Ronald Reagan, as I’ve previously said I like Robert Redford, as being very likeable guys - I’m also conservative, but not to a fault – his rational approach and results with Gorbachev were his most significant accomplishments. Parenthetically and coincidentally, I also saw for the first time this same day, Reagan in ‘Bedtime for Bonzo’; and, I was shocked that it was better than I could have possibly imagined and hardly the stuff warranting the mocking he got for same on the political trail … do you think it was just a foreboding of the nation’s current predicament with ‘wobama the b’ (for b***s***); and yes, I do have that ‘birther wobama family portrait’ on my website front page http://albertpeia.com . In sum, the inherently criminal behaviors of americans as depicted are all too real and an auspicious sign indicative of corruption across the board and through all levels of u.s. government. In light thereof, I’m compelled to wonder as previously set forth and infra, whether my trust in and affinity for the FBI will have been ultimately proven to have been contraindicated in fact and reality; and hence, as I ponder, a maladaptive personal trait / flaw. Stated another way, should having then done the deal with the mob for the money despite personal ethics and oath militating against same have been the correct choice in pervasively corrupt america. It certainly up to this point would have been the most expedient, efficacious, and adaptive choice in pervasively corrupt, inherently criminal america. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]

The purported leaders today; compromised, cowardly, criminal puppets all, the story of pervasively corrupt, defacto bankrupt america today.

Filmography - As Director

Year	Film	Academy Award Nominations	Academy Award Wins	Golden Globe Nominations	Golden Globe Wins	BAFTA Nominations	BAFTA Wins
1974	Seizure
1981	The Hand
1986	Salvador	2
1986	Platoon	8	4	4	3	3	2
1987	Wall Street	1	1	1	1
1988	Talk Radio
1989	Born on the Fourth of July	8	2	5	4	2
1991	The Doors
1991	JFK	8	2	4	1	2	2
1993	Heaven & Earth			1	1
1994	Natural Born Killers			1
1995	Nixon	4		1		1
1997	U Turn
1999	Any Given Sunday
2003	Comandante
2004	Alexander
2006	World Trade Center
2008	W.
2009	South of the Border
2010	Wall Street: Money Never Sleeps			1
2012	Savages
Total		31	9	17	9	8	4

October 15, 2010 (*see infra {ultimately delivered by UPS})

Steven M. Martinez, Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700

Los Angeles, CA 90024

Dear Sir:

I enclose herewith 3 copies of the within DVD rom autorun disk (which will open in your computer’s browser) as per your office’s request as made this day (the disk and contents have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer to prevent viral attacks / infection and are without threat). I also include 1 copy of the DVD as filed with the subject court as referenced therein (which files are also included on the aforesaid 3 disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act is a criminal statute which provides a civil remedy, including treble damages and attorney fees, as an incentive for private prosecution of said claims probably owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such assistance given the seriousness and prevalence of said violations of law which have a corrupting influence on the process, and which corruption is pervasive). A grievance complaint against Coan was also filed concurrently with the subject action and held in abeyance pending resolution of the action which was illegally dismissed without any supporting law and in contravention of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District Connecticut. The files below the horizontal rule are the referenced documents as filed. (Owing to the damage to the financial interests of both the U.S. and the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False Claims Act probably would apply and I would absent resolution seek to refer the within to a firm with expertise in that area of the law with which I am not familiar).

The document in 5 pages under penalty of perjury I was asked to forward to the FBI office in New Haven is probably the best and most concise summary of the case RICO Summary to FBI Under Penalty of Perjury at Their Request (5 pages) [ ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].

The correspondence I received from the Congresswoman by way of email attachment (apparent but typical problem with my mail) along with my response thereto is included on the 3 disks as fbicorrespondencereyes.htm . With regard to the calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA office and I was referred to the Long Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the money laundering which he confirmed as indicative of same (he was transferred from said office within approximately a month of said meeting and his location was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron Barndollar and we remained in touch for in excess of a decade until he abruptly retired (our last conversation prior to his retirement related to the case and parenthetically, Rudy Giuliani whose father I stated had been an enforcer for the mob to which he registered disbelief and requested I prove it, which I did – he served 12 years in prison, aggravated assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew Maloney’s the one that prosecuted gotti).

In contradistinction to the statement in said correspondence, there is a plethora of information including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set forth in the case, inter alia,

• A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..
• Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.
• The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages: [ Shiff Order of Dismissal With Prejudice on Coan’s Failure to File Page 1 Page 2 ]
• Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ]
• Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.

• Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one mob case he had brought, bungled, lost (accidently on purpose?) since I was suing some mob-connected under RICO and the court (I had known / previously met outside of court the judge Ackerman through a client) was absolute bedlam and a total joke since incompetent corrupt Alito brought in all 20 mob defendants (rather than prosecute one or a few to flip them first) who feigning illness had beds/cots in the courtroom along with their moans during testimony and had the jury in stitches. As much as I hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3^rd 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. 5^th Street, #404

Los Angeles, CA 90013

(213) 219-**** (cell phone)

(213) 622-3745 (listed land line but there are unresolved problems with the line, computer connection may be the reason but I hesitate to chance greater non-performance / worsening by their ‘fix’ so cell phone best for contact).

----------

*The foregoing and as indicated therein was previously send 9-14-10 but delivery confirmation was flawed as set forth below and my inquiries to the u.s. postal service rebuffed (I believe tampered with inasmuch as your office could not locate same). This cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the subject files for ease of reference, including the files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates once again that your office has not received the aforesaid and which can reasonably be presumed to have been tampered with, and hence, a violation of the federal statute concerning same. (Ultimately delivered by UPS) ]

FBI trouble after Bulger’s capture? The crime boss is said to have boasted of corrupting agents. If he talks, some could live to regret it. (Washington Post) [ Wow! I knew the northeast generally, jersey / new york particularly in terms of mob infestation / infiltration / control, and the unique status of virginia in terms of government (cia / military, all three branches in support thereof) involvement in the illegal drug trade, etc., connecticut and california derivatively thereby; but I’m now wondering about the stonewalling across the board regarding the RICO matters [ I personally trust the FBI, and to be truthful, really have no choice but to do so; moreover, I personally like the FBI … I hope that’s not been a mistake and ultimately a personal flaw, respectively, since it is the liars (sic lawyers, ie., in the DOJ, etc.) who’ve been invariably the corrupting, corrupt, corruptible agents, including judicially and otherwise ]. : http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm . Report: SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality http://albertpeia.com/grimreality.htm Mob boss brought back to Boston; will he sing? DENISE LAVOIE BOSTON (AP) — James "Whitey" Bulger's capture could cause a world of trouble inside the FBI.

The ruthless Boston crime boss who spent 16 years on the lam is said to have boasted that he corrupted six FBI agents and more than 20 police officers. If he decides to talk, some of them could rue the day he was caught.

"They are holding their breath, wondering what he could say," said Robert Fitzpatrick, the former second-in-command of the Boston FBI office.

The 81-year-old gangster was captured Wednesday in Santa Monica, Calif., where he apparently had been living for most of the time he was a fugitive. He appeared Friday afternoon inside a heavily guarded federal courthouse in Boston to answer for his role in 19 murders.

Bulger, wearing jeans and a white shirt, looked tan and fit and walked with a slight hunch at back-to-back hearings on two indictments. He asked that a public defender be appointed to represent him, but the government objected, citing the $800,000 seized from his Southern California apartment and his "family resources."

"We think he has access to more cash," said prosecutor Brian Kelly.

At the second hearing, Bulger took a swipe at prosecutors after Magistrate Judge Marianne Bowler asked him if he could afford to pay for an attorney.

"Well, I could, if they would give me my money back," he replied in his unmistakable Boston accent, prompting laughter in the courtroom.

Kelly implied that Bulger's cash came from illegal activities.

"He clearly didn't make that on a paper route on Santa Monica Boulevard," he said.

Prosecutors asked that Bulger be held without bail, saying he is danger to the community and may try to threaten witnesses.

"He's also, quite obviously, a risk of flight," Kelly said.

Kelly also said Catherine Greig, Bulger's longtime girlfriend who was arrested with him, told court officials that Bulger's brother may be willing to assist him in posting bail.

Bulger did not ask for a detention hearing, but his lawyer said he may later make an argument that Bulger should be released on bail while awaiting trial.

The amount of money found in Bulger's apartment confirmed a longheld belief by investigators that he kept large stashes of cash for a life on the run.

"We clearly don't think this is his last stash," Kelly said.

When Bulger walked into the courtroom, he saw his brother William, the former powerful leader of the state Senate, seated in the second row. Whitey Bulger smiled at him and mouthed, "Hi." His brother smiled back.

Greig appeared in court a few minutes later on charges of harboring a fugitive. She asked for a hearing to determine whether she can be released on bail, and one was scheduled for next week.

Bulger, the former boss of the Winter Hill Gang, Boston's Irish mob, embroiled the FBI in scandal after he disappeared in 1995. It turned out that Bulger had been an FBI informant for two decades, feeding the bureau information on the rival New England Mafia, and that he fled after a retired Boston FBI agent tipped him off that he was about to be indicted.

The retired agent, John Connolly Jr., was sent to prison for protecting Bulger. The FBI depicted Connolly as a rogue agent, but Bulger associates described more widespread corruption in testimony at Connolly's trial and in lawsuits filed by the families of people allegedly killed by Bulger and his gang.

Kevin Weeks, Bulger's right-hand man, said the crime lord stuffed envelopes with cash for law enforcement officers at holiday time. "He used to say that Christmas was for cops and kids," Weeks testified.

After a series of hearings in the late 1990s, U.S. District Judge Mark Wolf found that more than a dozen FBI agents had broken the law or violated FBI regulations.

Among them was Connolly's former supervisor, John Morris, who admitted he took about $7,000 in bribes and a case of expensive wine from Bulger and henchman Stephen "The Rifleman" Flemmi. Morris testified under a grant of immunity.

In addition, Richard Schneiderhan, a former Massachusetts state police lieutenant, was convicted of obstruction of justice and conspiracy for warning a Bulger associate that the FBI had wiretapped the phones of Bulger's brothers.

Edward J. MacKenzie Jr., a former drug dealer and enforcer for Bulger, predicted that Bulger will disclose new details about FBI corruption and how agents protected him for so long.

"Whitey was no fool. He knew he would get caught. I think he'll have more fun pulling all those skeletons out of the closet," MacKenzie said. "I think he'll start talking and he'll start taking people down."

A spokesman for the Boston FBI did not return calls seeking comment. In the past, the agency has said that a new generation of agents has replaced most or all of the agents who worked in the Boston office while Bulger was an informant.

A law enforcement official who requested anonymity because of the ongoing investigation told The Associated Press on Friday that FBI agents lured Bulger out of his., apartment earlier this week by telling him someone had broken into his on-site storage unit. The official said Bulger walked out of the apartment, was arrested without incident and consented to a search of the premises.

Some law enforcement officials said they doubt Bulger will try to cut a deal with prosecutors by exposing corruption, in part because he will almost certainly be asked to reveal what contact he had with his brothers while he was a fugitive and whether they helped him in any way.

"If Bulger talks, he would have to talk about his brothers, and I can't see that happening, said retired state police Detective Lt. Bob Long, who investigated Bulger in the 1970s and '80s."They are not going to take selective information from him — it's either full and complete cooperation or nothing."

Criminal defense attorney and former Drug Enforcement Administration agent Raymond Mansolillo said Bulger may not have any incentive to talk. "The FBI may say, 'You're going to jail or you're going to be killed. We're not offering you anything,'" said Mansolillo, who once represented New England crime figure Luigi "Baby Shacks" Manocchio.

But retired Massachusetts state police Maj. Tom Duffy, one of the lead investigators in the Bulger case, said Bulger may agree to talk if he thinks it could help his girlfriend.

"It's very possible he's concerned about her well-being — she was with him for 16 years and was very loyal to him," Duffy said. "That may be a bargaining chip for the government during negotiations."

The question of whether Bulger will be given a public defender will be decided later. A hearing was scheduled for Tuesday. He did not enter a plea.

Bulger is "looking forward to facing the charges against him," said Peter Krupp, a lawyer assigned to represent Bulger for purposes of Friday's hearing only.

Among the onlookers at the courthouse was Margaret Chaberek, who grew up in Bulger's home turf of South Boston. "I'm here to see him get what he deserves," she said.

Ina Corcoran of suburban Braintree came on her day off to witness a piece of history and sat on a bench outside the fifth-floor courtroom, saying it was like being there to see Al Capone.

"If you could go back in time to be in that courtroom, wouldn't you?" she said.

___

Associated Press writers Johanna Kaiser, Laura Crimaldi in Providence, R.I., Curt Anderson in Miami and Greg Risling in Los Angeles contributed to this report.’

Trail to bin Laden began with phone call (Washington Post) [ It’s truly difficult not to like Mr. Woodward or not to receive well anything he reports on. After all, having been played on the big screen by extremely likeable Robert Redford, I’m constrained to say I myself am predisposed to liking Mr. Woodward (Hoffman/Bernstein – not so much) and being thusly more receptive to what he has to say (that ‘transfer aspect’ of ‘propaganda’ which I was fortunate to have studied in sixth grade, the advanced reading group, courtesy of James Bresnahan, undoubtedly the best teacher I’ve ever had, grade for grade – he treated young people as more than just kids, with exposure to the great classics, classical music, slides and insights from his wide-ranging world travels, etc.). This is not to say Mr. Woodward should in any way be diminished inasmuch as his substantial journalistic credentials and contributions speak for themselves (particularly his recent piece, at great peril I believe, on the ubiquity of high level security clearances in the Washington metro area). Moreover, his contributions are invariably a welcomed positive for the great paper, The Washington Post. Yet, Mr. Woodward was a ‘navy man’, after all; and, I can’t help but think, with all the scripted, staged hoopla surrounding the Bin Laden affair, his ‘gorge rises at it’. Indeed, 911 itself; that ‘pearl harbor event’ so sought by the neo-cons / war mongerers still defies explanation (ie., the ‘stand-down order’, symmetrical implosions, foreknowledge by some {who conveniently ‘missed the party’ that day}, etc.. Some links, echoing the unbelief akin to the ‘Jessica Lynch’, Tillman, etc., affairs follow. Additionally, people must remain attuned to the reality that though having but 5% of the world’s population, america can boast 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg . Defacto bankrupt, fraudulent america also spends more on military spending than all the nations of the world combined... federal employees / contractors, cia, all 3 branches of the u.s. government, etc., are included in this evolved american trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ], and the highest crime rates in the world by far. That perverse field of dreams I’ve previously alluded to, the american nightmare, if you build / contrive war, they will come. And, they do; seals of them (among others); and when their ‘tours’ are done, it’s murder inc./contract killing for hire that they’ve won (cia, mob, etc.). The 20th century, the ‘bloodiest century’, not coincidentally referred to as the american century, brings longings of nostalgia to american criminals who, like Pavlov’s dogs salivate at the prospect of killing, raping, pillaging, and plundering which primitive mindset they have mistakenly been conditioned to connect to their now irretrievably lost success as a nation state, and to the contrary, has become globally and domestically self-destructive / self-defeating. In so short a period of time, it is unlikely that Mr. Woodward could do an incisive investigative piece as he’s become famed for; nor could he reasonably be expected to have done so given the ‘breaking nature’ of the story. The entire 911 / Bin Laden scenario just doesn’t pass the smell test and reeks of political desperation and Orwellian opportunism. Uncharacteristically, and somewhat disingenuously, I’m not going to read Mr. Woodward’s article so that I can continue to like Bob Woodward Redford.]

President enters the debt talks Obama hosts sitdowns as leaders remain divided over spending reductions and tax increases. (Washington Post) [ Oooooh! The big gun has arrived, with the biggest gun, Mr. Teleprompter just a hot line away. Come on! Let’s get real! What does wobama the b (for b***s***) know that any of these other fellow nincompoops don’t; particularly about economics / finance, even compared to ‘Lobotomy Joe’. Market Crash 6/30/11?Technical indicators suggest market collapse may begin by June 30th Dennis Slothower is one of the world’s leading technical analysts. He’s one of the few advisors whose readers completely avoided ALL losses during the disaster that was 2008. And now he’s issuing another dire warning. His technical indicators suggest that the market manipulation we’ve seen over the last several months is about to come to an end…and that means thousands of investors are about to get clobbered. This correction could begin as soon as June 30th– so it’s important that you take action now to prepare yourself. StealthStocksOnline.com [ Oooooh! Bring in the big guns; viz., ‘wobama the b’ (for b***s***) … sounds like a plan! After all, ultimately it’s Mr. Teleprompter who’ll have the final say; and, it seems like wobama’s got a lock on that ‘relationship with Mr. T; you know, ‘pecking order’ kinds of stuff … Then begs the question: Is Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I mean, come on! This catering to fraudulent wall street was a loser ab initio! That so-called ‘wealth effect’ market froth was used previously by senile ‘maestro’ greenspan and failed miserably except for the frauds on wall street who commissioned up and down; and, make no mistake, those computer-programmed high-frequency trading volumes have now been maximized for nation-economy-draining profits for the frauds like never before and have never been higher. The QE and dollar-debasement policies were always predictably inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel good’ obfuscation that was but in reality good only for the frauds on wall street. No, there is no modern day alchemy that spins worthless paper into gold except fraudulently for the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing out’ for hard currency and gold, precious metals, at everyone else’s expense including main street. ] In his June 7 speech, Fed Chairman Ben Bernanke stated, “the best way for the Federal Reserve to support the fundamental value of the dollar in the medium term is to pursue our dual mandate of maximum employment and price stability, and we will certainly do that.”

It is instructive to take a look at the actual Federal Reserve goals, as well Bernanke’s results in pursuing those goals.

Goals of Monetary Policy

“The goals of monetary policy are spelled out in the Federal Reserve Act, which specifies that the Board of Governors and the Federal Open Market Committee should seek ‘to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates’.  Stable prices in the long run are a precondition for maximum sustainable output growth and employment as well as moderate long-term interest rates.

When prices are stable and believed likely to remain so, the prices of goods, services, materials, and labor are undistorted by inflation and serve as clearer signals and guides to the efficient allocation of resources and thus contribute to higher standards of living. Moreover, stable prices foster saving and capital formation, because when the risk of erosion of asset values resulting from inflation—and the need to guard against such losses—are minimized, households are encouraged to save more and businesses are encouraged to invest more.”

Let’s look at the results of Bernanke’s economic “fine tuning” (using data from the St. Louis Fed’s database, starting in February, 2006, through April 2011), and see if he has successfully pursued this mandate.

Definition of STABLE (from the Mirriam-Webster dictionary)

a : firmly established : fixed, steadfast <stable opinions>

b : not changing or fluctuating : unvarying <in stable condition>

c : permanent, enduring <stable civilizations>

Stable Prices?

Stable prices are one of the Fed’s primary mandates.  In the table below, take a look at what has happened to the prices of items in a typical U.S. consumer’s budget since Ben took the reins:

Feb ’06 – April ’11

Items in a Typical Budget	% Change
Food and Beverages	16.54%
Water and sewer and trash collection services	31.88%
Rent of primary residence	13.82%
Housing	8.68%
Fuels and Utilities	11.93%
Apparel	4.83%
Medical Care	20.11%
Gasoline (all types)	65.12%
Transportation	23.36%
Tuition, other school fees, and childcare	29.28%
Recreation	2.87%

…’

Greece: Possibility of a Military Coup?

cryptogon | “… You could see a military coup. We’re talking controlled order here and it has happened before in ‘74.”

Market Crash 6/30/11?Technical indicators suggest market collapse may begin by June 30th Dennis Slothower is one of the world’s leading technical analysts. He’s one of the few advisors whose readers completely avoided ALL losses during the disaster that was 2008. And now he’s issuing another dire warning. His technical indicators suggest that the market manipulation we’ve seen over the last several months is about to come to an end…and that means thousands of investors are about to get clobbered. This correction could begin as soon as June 30th– so it’s important that you take action now to prepare yourself. StealthStocksOnline.com http://www.stealthstocksonline.com/index.aspx?

Record-High 36% of Americans Lack Confidence in Banks Thirty-six percent of Americans have “very little” or “no” confidence in U.S. banks — up from 30% last year and the highest on record.

The State Of The Economy The U.S. economy is like a rubber band that is being pulled in several different directions at the same time. Everyone knows that at some point it is going to snap, but nobody is quite sure exactly when it is going to happen.

Nigel Farage Holds Funeral Procession For Euro In The Middle Of Brussels The world’s premier euroskeptic, Nigel Farage, just held a funeral procession for the Euro after Europe now has just 10 days left in which to save its battered currency.

RIP Euro, 1999-2011: Poisoned chalice for Greeks amid rage & anger The Euro is dead and buried…. quite literally according to sceptics, who’ve held a mock funeral for the ailing single currency in Brussels.

Cracks beneath the facade Phil’s Favorites | Repercussions from a Greek default become more significant when considering leverage and derivatives.

Greek rebel lawmakers may block austerity Reuters | Conservative opposition rejected on Sunday appeals from the government and senior European Union politicians to do its duty and support the medium-term plan.

Spain’s ‘indignant’ launch new protest march AFP | Spain’s “indignant” activists began their last and longest protest march on Saturday.

Max Keiser And Sandeep Jaitly Explain Why Modern Economics Is “Rubbish” The below attached interview between Max Keiser and Sandeep Jaitly provides a 3 minute, must watch glimpse into the basis of Austrian economics.

Silver-Coin Sales Booming at Perth Mint Silver-coin sales from Australia’s Perth Mint, which was founded in 1899 and processes all of the country’s bullion, have surged to a record as buyers seek to protect their wealth with the metal known as poor man’s gold.

Record-High 36% of Americans Lack Confidence in Banks Thirty-six percent of Americans have “very little” or “no” confidence in U.S. banks — up from 30% last year and the highest on record.

The State Of The Economy The U.S. economy is like a rubber band that is being pulled in several different directions at the same time. Everyone knows that at some point it is going to snap, but nobody is quite sure exactly when it is going to happen.

Regulators shut small Georgia bank; 48th in 2011

Stocks Cut Losses On Greek Deal Pipe Dream at Forbes Steve Schaefer ‘A Reuters report Thursday afternoon said Greece has reached a deal with the European Union and the International Monetary Fund on a new five-year austerity program, helping Wall Street shed the bulk of its heavy losses Thursday afternoon, even though such an agreement means little in the face of contentious debate within the Greek government.

While a deal with the EU and IMF on austerity clears the path for Greece to continue receiving the bailout loans that are allowing it to meet its funding needs, there is still a huge hurdle to clear in getting the deal through Greece’s Parliament, no small task. After all, in just the past week Greek Prime Minister George Papandreou has had to reorganize his cabinet and face a confidence vote (which he survived).

(Update: Reuters reports that Papandreou has his doubts about whether the draft legislation will pass muster and opposition leader Antonis Samaras has maintained his refusal to bless the plan.)

Thursday morning, Barclays Capital head of research Larry Kantor said he expects an eventual Greek restructuring in 2012. In the near-term, BarCap figures enough will be done to kick the can down the road and allow for some recapitalization of the European banking system. That of course depends on some austerity being passed, which Kantor said “is far from assured, though we think it will happen.” And even once such a package is passed it only buys time. Actually fixing the fiscal condition of Greece is not something that can be solved in a matter of weeks, or even months.

Thursday afternoon’s report may just be the latest noise on the inexorable path toward restructuring – after all, we have been talking about Greek debt for more than a year at this point and have yet to see anything resembling a long-term solution (See “Why Euro Debt Matters”) – but that didn’t stop investors to take the opportunity to snap up battered stocks that had been languishing for much of the session.

By the close the major indexes were well off their lows, with the Nasdaq popping into positive territory, up 18 points to 2,687, the Dow Jones industrial average down just 60 points at 12,050 and the S&P 500 off 4 points at 1,284. Earlier, the Dow had lost more than 200 points.

Thursday’s earlier slide was driven in part by the Obama Administration’s decision to tap the U.S. Strategic Petroleum Reserve for some 30 million barrels of crude oil, as part of a move by the International Energy Administration to stem the impact of the production lost from Libya this year. That move hindered energy stocks, with Exxon Mobil and Chevron the two biggest losers on the Dow as crude dropped to $91.82 a barrel.

Meanwhile, talks over the U.S. debt ceiling involving Vice President Biden collapsed Thursday, with lawmakers calling for President Obama to take a more central role in the negotiations.’

Federal Reserve Secrets and Lies USA Watchdog | The Federal Reserve has been a clandestine organization since its inception.

Spanish Banks Hiding Over $70 Billion In Bad Real Estate Zero Hedge | All in a day’s work for the Ponz.

CEO pay vs. worker pay Corporations line up to block rules that would force companies to disclose comparison data. (Washington Post) [ One thing’s been glaringly true for quite some time: american ceo’s have been vastly overpaid for what’s been clearly underperformance. Indeed, strategic thinking span’s little more than the year-end bonus cycle, a predisposition not lost on fraudulent wall street (exceptions are rare, ie., previously, past tense, Steve Jobs/Apple, Jack Welch/GE, among a few others, worth every penny and more). But, compared to their foreign counterparts, the only conclusion is that u.s. ceo’s seem to excel in only one area; viz., how to get themselves paid. Results count. What is, counts. What happened, counts. Pretending is no longer an option. Reality counts! Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart. Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality http://albertpeia.com/grimreality.htm The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Technology rally? Defacto bankrupt american technology is horrendous but great sizzle for the new fraud as in the dotcom bust days. Then there’s the greasy b.s. new greecy b.s. factor. The rally into the close and the previous so-called (4 day) ‘rally’ was based on b***s*** alone to keep the suckers suckered and for ‘smarter money ‘ along with the frauds to sell into. This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Selling In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Wall Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press” climaxed Sunday  with a startling market prognostication from David Brooks, conservative columnist for the NY Times. The risk of a debt default over the combustible issue of the Medicare deficit hangs over the course of the stock market. Buyers Beware!“I was up in Wall Street  this week,” Brooks said. “They’re vastly underestimating the source of piolitical risk here. We could have a major problem, I think, either this summer or the next couple years. And I’d be worried about investing too much in the market. That’s my financial advice.”…’ Another Financial Crisis Is On The Way, Mobius Says STOCKS HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline..’ ] States face shortfall for retirees (WP) Public workers’ retirement funds had a gap of $1.26 trillion at the end of fiscal 2009 Study: Affordable rentals scarce (WP) Poll: For Obama, low marks on Afghan war (WP) More Americans disapprove of President Obama’s management of the war in Afghanistan than support it Fuel prices cut into Obama popularity (WP) They’ve used the contrived mideast turmoil and their wars to obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money--

Cracks beneath the facade Phil’s Favorites | Repercussions from a Greek default become more significant when considering leverage and derivatives.

(6-27-11) Dow  12,043 +108 Nasdaq  2,688  +35    S&P 500  1,280  +11   [CLOSE- OIL $90.61 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.65 (reg. gas in LAND OF FRUITS AND NUTS  $3.90 REG./ $4.00 MID-GRADE/$4.10 PREM./ $4.32  DIESELL) /  GOLD $1,496 (+24% for year 2009) / SILVER $33.65 (+47% for year 2009) PLATINUM $1,678 (+56% for year 2009)  Metal News for the Day / DOLLAR= .69 EURO, 80 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/  Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.93%       AP Business Highlights     ...Yahoo Market Update...   T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies -  Domestic / International   This Is a Secular Bear Market and The End of Buy and Hold … and Hope   The bull market that never was/were  beyond wall street b.s. when measured in gold ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data This Depression is just beginning The coming depression…  thecomingdepression.net The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

National / World

War crimes court issues arrest warrant for Gaddafi International Criminal Court judges on Monday issued an arrest warrant for Libyan leader Moamer Kadhafi for crimes against humanity, committed against opponents of his regime since mid-February, a judge said.

Threat of $100 Billion Hit if U.S. Top Rating Lost Investors in the US government bond market could face losses of up to $100bn if the largest economy loses its triple A rating, according to a research arm of McGraw-Hill, the parent of Standard & Poor’s.

Obama to step in on debt talks As Biden-led talks break down, president plans to meet with key lawmakers next week. (Washington Post) [ Oooooh! Bring in the big guns; viz., ‘wobama the b’ (for b***s***) … sounds like a plan! After all, ultimately it’s Mr. Teleprompter who’ll have the final say; and, it seems like wobama’s got a lock on that ‘relationship with Mr. T; you know, ‘pecking order’ kinds of stuff … Then begs the question: Is Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I mean, come on! This catering to fraudulent wall street was a loser ab initio! That so-called ‘wealth effect’ market froth was used previously by senile ‘maestro’ greenspan and failed miserably except for the frauds on wall street who commissioned up and down; and, make no mistake, those computer-programmed high-frequency trading volumes have now been maximized for nation-economy-draining profits for the frauds like never before and have never been higher. The QE and dollar-debasement policies were always predictably inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel good’ obfuscation that was but in reality good only for the frauds on wall street. No, there is no modern day alchemy that spins worthless paper into gold except fraudulently for the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing out’ for hard currency and gold, precious metals, at everyone else’s expense including main street. ] In his June 7 speech, Fed Chairman Ben Bernanke stated, “the best way for the Federal Reserve to support the fundamental value of the dollar in the medium term is to pursue our dual mandate of maximum employment and price stability, and we will certainly do that.”

It is instructive to take a look at the actual Federal Reserve goals, as well Bernanke’s results in pursuing those goals.

Goals of Monetary Policy

“The goals of monetary policy are spelled out in the Federal Reserve Act, which specifies that the Board of Governors and the Federal Open Market Committee should seek ‘to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates’.  Stable prices in the long run are a precondition for maximum sustainable output growth and employment as well as moderate long-term interest rates.

When prices are stable and believed likely to remain so, the prices of goods, services, materials, and labor are undistorted by inflation and serve as clearer signals and guides to the efficient allocation of resources and thus contribute to higher standards of living. Moreover, stable prices foster saving and capital formation, because when the risk of erosion of asset values resulting from inflation—and the need to guard against such losses—are minimized, households are encouraged to save more and businesses are encouraged to invest more.”

Let’s look at the results of Bernanke’s economic “fine tuning” (using data from the St. Louis Fed’s database, starting in February, 2006, through April 2011), and see if he has successfully pursued this mandate.

Definition of STABLE (from the Mirriam-Webster dictionary)

a : firmly established : fixed, steadfast <stable opinions>

b : not changing or fluctuating : unvarying <in stable condition>

c : permanent, enduring <stable civilizations>

Stable Prices?

Stable prices are one of the Fed’s primary mandates.  In the table below, take a look at what has happened to the prices of items in a typical U.S. consumer’s budget since Ben took the reins:

Feb ’06 – April ’11

Items in a Typical Budget	% Change
Food and Beverages	16.54%
Water and sewer and trash collection services	31.88%
Rent of primary residence	13.82%
Housing	8.68%
Fuels and Utilities	11.93%
Apparel	4.83%
Medical Care	20.11%
Gasoline (all types)	65.12%
Transportation	23.36%
Tuition, other school fees, and childcare	29.28%
Recreation	2.87%

It is easy to play with the weightings of the above prices, and see how individual budgets would be impacted.  Regardless of the method used to look at prices, it is clear that Bernanke has not been successful at maintaining price stability since taking over as Fed Chairman.  Mandate not accomplished.

Maximum or Full Employment

Finding a strict definition of maximum employment is impossible.  Many economist give different estimates, ranging from 2%-7%.  The standard unemployment rate most often used by the Fed is currently at 9.1%, up 90% since Bernanke started.  The more inclusive (realistic) U6 number stands at 15.8%, up 75% in the same period.  The Civilian Participation Rate has declined 2.87% to 64.2%.

This is the lowest level the U.S. has seen since March, 1984.  The decline amounts to 8,946,844 fewer Americans in the labor force.  Had they not dropped out because of a lack of jobs, the “official” unemployment rate would be significantly higher.  While we can debate the meaning of the term maximum employment, it is clear that the jobs data has deteriorated considerably since Bernanke took the reins at the Fed.  Mandate not accomplished.

Moderate Interest Rates

While not stated in Bernanke’s recent address, the Fed’s website also posts “moderate interest rates” as a stated goal.  While we cannot definitively say what constitutes “moderate”, we do know that both short and long-term interest rates are near all time lows.  It is safe to assume that near record low rates are not “moderate”.  Further, when  interest rates are artificially held below the rate of economic growth,” financial repression” is occurring.  Many bright folks have commented on how the zero interest rate policy (ZIRP) is destructive to savers and misallocates resources.  It is safe to say that this mandate has not been accomplished.

In conclusion, it is evident that Ben Bernanke is failing his mandates.  We believe it must come down to one of the following reasons:

1.       Bernanke does not know how to achieve his mandates;

2.       The policy tools employed don’t work;

3.       He does not have the ability to implement policies that would work;

4.       He is not trying to achieve his mandates;

5.       He has goals other than his legal mandates;

6.       He does not look at the data, and believes he is succeeding.

We will leave it up to our readers to make their own conclusions.

Matt Marcewicz &  Robert Barone, Ph.D.

Matthew Marcewicz and Robert Barone are investment advisor representatives with Ancora West Advisors LLC, Reno, Nev. ‘

Ron Paul’s Anti-Fed Message Gains Respect For decades — and mostly from the margins — Paul has held fast to his Libertarian message, giving him authenticity

TSA Defends Forcing Elederly Leukemia Patient to Remove Diaper Kurt Nimmo | Removing dying woman’s adult diaper “professional” and in accordance with “proper procedure,” according to the TSA.

Banker Occupation of Greece Stephen Lendman | Greece is entrapped by foreign banker diktats demanding tribute.

Rochester Police Ticket Supporters of Woman Arrested for Recording Cop Kurt Nimmo | Political intimidation, pure and simple, just like what they do in tin horn dictatorships.

Hillary Clinton Channels the Neocons Kurt Nimmo | Opposition to illegal war puts you in the same category as al-Qaeda.

Libya says NATO strikes kill 15 civilians; alliance denies report CNN | NATO airstrikes hit a bakery and a restaurant in the Libyan city of al-Brega Saturday, killing 15 civilians, a Libyan government official told CNN.

Economy Expected to Have Major Slide in Months Ahead The New York Times | Economists are ratcheting down their 2011 economic forecasts to as little as half what they expected at the beginning of the year.

Report: Hugo Chavez in Critical Condition In Cuban Hospital Fox News Latino | Hugo Chávez extended stay in a Cuban hospital is because he is in critical condition, according to a report in El Nuevo Herald.

The Alex Jones Show: The Mafia Government We Live Under The Alex Jones Channel | Alex confronts the efforts of the corporatist and bankster warmongers to take their destabilization campaign into Pakistan and crank up the conflict in Libya.

TSA Defends Forcing Elederly Leukemia Patient to Remove Diaper Kurt Nimmo | Removing dying woman’s adult diaper “professional” and in accordance with “proper procedure,” according to the TSA.

Banker Occupation of Greece Stephen Lendman | Greece is entrapped by foreign banker diktats demanding tribute.

Rochester Police Ticket Supporters of Woman Arrested for Recording Cop Kurt Nimmo | Political intimidation, pure and simple, just like what they do in tin horn dictatorships.

Hillary Clinton Channels the Neocons Kurt Nimmo | Opposition to illegal war puts you in the same category as al-Qaeda.

Libya says NATO strikes kill 15 civilians; alliance denies report CNN | NATO airstrikes hit a bakery and a restaurant in the Libyan city of al-Brega Saturday, killing 15 civilians, a Libyan government official told CNN.

Economy Expected to Have Major Slide in Months Ahead The New York Times | Economists are ratcheting down their 2011 economic forecasts to as little as half what they expected at the beginning of the year.

The Alex Jones Show: The Mafia Government We Live Under The Alex Jones Channel | Alex confronts the efforts of the corporatist and bankster warmongers to take their destabilization campaign into Pakistan and crank up the conflict in Libya.

Milbank: Progressives voice anger at Obama (Washington Post) [ Progressives? Is that all, Mr. ‘wobama aficionado’, aka Mr. Milbank. How about the vast and overwhelming majority of this nation, and add in the rest of the world to boot.

Robinson: Why does the Afghan war go on? (Washington Post) [ Well, there’s one person who minces no words as to why: Drudgereport: FARRAKHAN: 'THAT'S A MURDERER IN THE WHITE HOUSE'... Minister Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15, 2011 Press Conference at the UN Plaza Hotel. Then there are, beyond the regional proximity to oil and an american induced resurgent poppy / heroin production / trade (the Taliban had all but eradicated same). After all, pervasively corrupt, defacto bankrupt america is into the illegal drug trade in a very big way. Obama’s Drawdown Speech: More Orwellian Lies Kurt Nimmo | The U.S. government has no intention of ending the war and bringing home all of the troops. Obama: Time for ‘nation building’ at home ‘Surge’ troops to be ordered home Departure plan will remove 33,000 troops faster than Obama’s commanders requested but more slowly than many of his political allies would like. (Washington Post) [ Well, in a certain sense he’s chronologically correct … finish the job of destruction at home … yeah … it’s true … they haven’t the slightest idea what they’re doing and no matter what or where, pervasively corrupt, defacto bankrupt america’s touch is an invariably destructive, negative touch (‘nation building’ the coy, euphemistic phrase for what is in fact ‘nation destroying’, regardless of spin, propaganda, and outright lies). Obama’s task: Keep support for Afghan war The president’s prime-time address on plans to gradually withdraw troops must remind a skeptical electorate and a concerned Congress that the country’s longest war remains worth fighting — and funding. (Washington Post) [ Obama’s task? Support for this nation’s self-bankrupting Afghan (among other) war(s)? Geeh! Silly me! And all the while I thought wobama’s task was to bring to fruition all those laudable campaign promises; viz., jobs / economy not wars, prosecution of the frauds on wall street responsible for the crisis, etc.. What a total fraud wobama is. Obama’s semantics draw criticism on Libya (Washington Post) [ Semantics? If it were only wobama’s semantics that drew criticism. But, one must concede that when fellow black Farrakhan is weighing in thusly: Drudgereport: FARRAKHAN: 'THAT'S A MURDERER IN THE WHITE HOUSE'... wobama’s really got problems (you know, that unflinchingly loyal 18%). Minister Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15, 2011 Press Conference at the UN Plaza Hotel. (I wonder what Chinese mascot ‘the black mamba’ has to say ‘The Chinese people's love of american basketball star Kobe Bryant’…Kobe Bryant China The Kobe dynasty - Los Angeles TimesAug 20, 2008 ... Beijing It's Kobe's team, in China, anyway… Sprite China: Kobe Bryant & Jay Chou Music Video – Advertising ... Feb 23, 2011 ... Sprite China has paired up NBA Star Kobe Bryant of the LA Lakers … who has supplanted their own ’yellow / red bamba’; viz., Yao Ming.) Sen. Conrad: $2 trillion not enough Democratic chairman of budget committee is pushing for deeper cuts in any debt-reduction deal. Lawmakers fear time is running out to slice $2 trillion from the budget In six weeks, negotiators must strike a bipartisan compromise and persuade a bitterly divided Congress to support it. (Washington Post) [ Ah, there you have it. That nebulous, ‘fudgeable’, over a period of time thing … ‘$4 trillion in savings by 2021 to avoid a debt crisis. Others view $2 trillion as impossibly ambitious...more borrowing authority for a nation already mired in red ink.’…Some have been less than optimistic in their prognosis Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ America’s shine is wearing off I know why we are falling into a cataclysm of debt and can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious freedom, freedom generally did they come to these shores. A rare exception to the influx of immigrants to this young nation who turned out to be more a virus to the indigenous peoples of this land than what could have been expected from those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those so positioned abroad would have represented a positive addition to the gene pool which, borrowing from an insurance term, viz., adverse selection, springs forth the notion of inevitability to the genocide of the indigenous populations while guaranteeing the decline we see throughout this foundering nation. The effects of these negative predispositions toward inherent criminality is certainly being felt globally as well as domestically and has little to recommend it. My own direct experience with the region(s) (particularly new jersey, new york, virginia, connecticut, california) carves out no exception for the prevalence of the worst of human nature; which is now collectively and pervasively americana. Report: SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm

Focus Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs, extinction, at least in a manner of speaking. Global information exchange at lightning speed has made such throwbacks to a lost era, propaganda, and maladaptive traits foolish at best, deadly at worst. Intelligent people worldwide aren’t buying the obsolete, Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc.; more specifically, diversion of the masses from the glaring failures of leadership, economic and otherwise.

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Human Rights Group: No Evidence Gaddafi Encouraged Troops to Rape Kurt Nimmo | Propaganda reminiscent of Kuwait incubator hoax used as propaganda in effort to get public behind invasion of Libya in 1991.

U.S. House keeps Libya funding, fails to authorize mission Xinhua & RT | Will illegal war sink Obama’s presidency?

Ron Paul Slams Absurd Libya War Powers Debate The State Column | Paul told his colleagues that the limited funding bill was not what it appeared to be.

Alex Jones: Beyond The Box Paul Joseph Watson | Alex Jones gives the keynote speech at the Talkers Magazine New Media Seminar, held in New York City and attended by prominent media personalities as well as other industry movers and shakers.

American in Tripoli: First Hand Account RT | Investigative reporter Wayne Madsen, who spent some time in Libya, shares his views on what’s really going on in the country.

PNAC-Reborn: Calling for Greater Libyan War Tony Cartalucci | War criminals from the Foreign Policy Initiative implore House Republicans to ignore the people & the Constitution for continued war with Libya.

House rejects Obama’s Libya policy Lawmakers vote down a measure that would authorize mission, but stop short of cutting funding. (Washington Post) [ Ah, riiiiight! The worst of both worlds. ‘Cutting the baby in half’ probably their most politically expedient solution to appeasing their respective ‘support groups’. Though not the kind of group therapy support groups that immediately come to mind, one laments the various elements of the pervasively corrupt u.s. government are not receiving the kind of psychotherapy they need by way of group therapy or otherwise. Speaking of spending cuts, here’s one they ‘dare not do’: House votes down SEC budget hike Agency has been seeking a budget increase to keep pace with its expanded responsibilities. (Washington Post) [ No surprise here given the prior and continuing defacto complicity in wall street’s enormous frauds. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Report: SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman … Yet, one must ask what have they been doing and already getting paid for? Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud ) … I want just one person with courage enough to stand up and explain to all that these huge commissionable computerized trading volumes like never before are a net negative in a very big way … that’s a fact … that’s economic reality in real terms! … Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.

‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

Alex Jones Takes TSA Fight to Capitol Infowars.com | Video from the state capitol in Austin, Texas, where anti-TSA groping legislation is under consideration.

Google Updates PageRank: Top Alternative News Aggregator Punished Eric Blair | Infowars.com punished for its alternative media success.

New Documents Prove TSA “Mischaracterized” Safety Aspects Of Full Body Scanners Steve Watson | Workers blame machines for “growing number” of cancers.

Britain Looks at Sending Libyan Occupation Force Kurt Nimmo | Experts warn introducing troops would result in a Libyan hell.

Texans to Launch ‘Citizen Filibuster’ Over TSA Groping Paul Joseph Watson | Campaign seeks to pressure public servants into following will of the people.

TSA Bill Replaced With Toothless Resolution? Paul Joseph Watson | Having already been gutted, the anti-grope legislation could be jettisoned for a meaningless recommendation that Congress take up the issue.

Groping Bill Killed by Texas House Committee Kurt Nimmo | The committee was scheduled to take up anti-molestation bill Monday morning.

Playing with Fire in a Cashless Society Ben Parry | Would Nazi Germany have been a cashless society?

TSA Groping Bill Up For Vote In Texas Senate Monday Lone Star Report | Simpson said there still remains much support — though he doubts if Gov. Rick Perry truly wants the bill passed.

Max Keiser & Alex Jones: The History of What Happened to Greece The Alex Jones Channel | Max joins Alex to discuss how all this madness started in Greece and who is to blame for it.

Ex-MI6 chief altered Iraqi intelligence A top former British intelligence official had misled the public about the former Iraqi regime’s weapons program to pave the way for war, it is now revealed.

Israel plots ways to repel new Gaza flotilla Hindustan Times - ’israel's security cabinet was to convene on Monday for a second day of discussions on how to stave off an international flotilla intending to breach the naval blockade of Gaza, local media said.’

JFK {Platoon , Wall Street , Natural Born Killers , W. , Wall Street: Money Never Sleeps } [And yes; I also believe there’s been a coup d’etat in pervasively corrupt, defacto bankrupt, banana republic america, gunboat diplomacy, plundering the treasury, and all! ] [I saw ‘JFK’ for the first time today and must say, though preoccupied at the time (1992) with other things (RICO and consequent substantial pressure from various nefarious elements, mob, mob-connected / controlled, corrupt government-state,local,federal, etc.. ) I was ‘hoodwinked’ by mainstream media critics who for the most’ ho-hummed’ the film as more of the same conspiracy stuff the factual basis for which I was already familiar with; and hence, disinclined to make any significant effort to view same. Boy, were they and derivatively I wrong! I am totally astounded by the insightful documentation in this film, so masterfully presented in cinematic form. If at all, Stone seemed shy about presenting even reasonable inferences from facts so strictly set forth. By leading with actual speech footage from who I believe to have been america’s last great president / leader, the substantially underrated President General Eisenhower who warned of the dangers inherent to the military / industrial complex, Stone set the tone for what I believe to have been the most courageous and significant warning of the current national and global crises confronting the nation and world today and the reasons therefore (his negative exposés of wall street, inherent american criminality, W, etc., complement and support his theme while revealing his wide range, wisdom, and talent). (I must say that I liked Ronald Reagan, as I’ve previously said I like Robert Redford, as being very likeable guys - I’m also conservative, but not to a fault – his rational approach and results with Gorbachev were his most significant accomplishments. Parenthetically and coincidentally, I also saw for the first time this same day, Reagan in ‘Bedtime for Bonzo’; and, I was shocked that it was better than I could have possibly imagined and hardly the stuff warranting the mocking he got for same on the political trail … do you think it was just a foreboding of the nation’s current predicament with ‘wobama the b’ (for b***s***); and yes, I do have that ‘birther wobama family portrait’ on my website front page http://albertpeia.com . In sum, the inherently criminal behaviors of americans as depicted are all too real and an auspicious sign indicative of corruption across the board and through all levels of u.s. government. In light thereof, I’m compelled to wonder as previously set forth and infra, whether my trust in and affinity for the FBI will have been ultimately proven to have been contraindicated in fact and reality; and hence, as I ponder, a maladaptive personal trait / flaw. Stated another way, should having then done the deal with the mob for the money despite personal ethics and oath militating against same have been the correct choice in pervasively corrupt america. It certainly up to this point would have been the most expedient, efficacious, and adaptive choice in pervasively corrupt, inherently criminal america. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]

The purported leaders today; compromised, cowardly, criminal puppets all, the story of pervasively corrupt, defacto bankrupt america today.

Filmography - As Director

Year	Film	Academy Award Nominations	Academy Award Wins	Golden Globe Nominations	Golden Globe Wins	BAFTA Nominations	BAFTA Wins
1974	Seizure
1981	The Hand
1986	Salvador	2
1986	Platoon	8	4	4	3	3	2
1987	Wall Street	1	1	1	1
1988	Talk Radio
1989	Born on the Fourth of July	8	2	5	4	2
1991	The Doors
1991	JFK	8	2	4	1	2	2
1993	Heaven & Earth			1	1
1994	Natural Born Killers			1
1995	Nixon	4		1		1
1997	U Turn
1999	Any Given Sunday
2003	Comandante
2004	Alexander
2006	World Trade Center
2008	W.
2009	South of the Border
2010	Wall Street: Money Never Sleeps			1
2012	Savages
Total		31	9	17	9	8	4

October 15, 2010 (*see infra)

Steven M. Martinez, Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700

Los Angeles, CA 90024

Dear Sir:

I enclose herewith 3 copies of the within DVD rom autorun disk (which will open in your computer’s browser) as per your office’s request as made this day (the disk and contents have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer to prevent viral attacks / infection and are without threat). I also include 1 copy of the DVD as filed with the subject court as referenced therein (which files are also included on the aforesaid 3 disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act is a criminal statute which provides a civil remedy, including treble damages and attorney fees, as an incentive for private prosecution of said claims probably owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such assistance given the seriousness and prevalence of said violations of law which have a corrupting influence on the process, and which corruption is pervasive). A grievance complaint against Coan was also filed concurrently with the subject action and held in abeyance pending resolution of the action which was illegally dismissed without any supporting law and in contravention of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District Connecticut. The files below the horizontal rule are the referenced documents as filed. (Owing to the damage to the financial interests of both the U.S. and the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False Claims Act probably would apply and I would absent resolution seek to refer the within to a firm with expertise in that area of the law with which I am not familiar).

The document in 5 pages under penalty of perjury I was asked to forward to the FBI office in New Haven is probably the best and most concise summary of the case RICO Summary to FBI Under Penalty of Perjury at Their Request (5 pages) [ ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].

The correspondence I received from the Congresswoman by way of email attachment (apparent but typical problem with my mail) along with my response thereto is included on the 3 disks as fbicorrespondencereyes.htm . With regard to the calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA office and I was referred to the Long Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the money laundering which he confirmed as indicative of same (he was transferred from said office within approximately a month of said meeting and his location was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron Barndollar and we remained in touch for in excess of a decade until he abruptly retired (our last conversation prior to his retirement related to the case and parenthetically, Rudy Giuliani whose father I stated had been an enforcer for the mob to which he registered disbelief and requested I prove it, which I did – he served 12 years in prison, aggravated assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew Maloney’s the one that prosecuted gotti).

In contradistinction to the statement in said correspondence, there is a plethora of information including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set forth in the case, inter alia,

1. A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..
2. Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.
3. The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages: [ Shiff Order of Dismissal With Prejudice on Coan’s Failure to File Page 1 Page 2 ]
4. Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ]
5. Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.
6. Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one mob case he had brought, bungled, lost (accidently on purpose?) since I was suing some mob-connected under RICO and the court (I had known / previously met outside of court the judge Ackerman through a client) was absolute bedlam and a total joke since incompetent corrupt Alito brought in all 20 mob defendants (rather than prosecute one or a few to flip them first) who feigning illness had beds/cots in the courtroom along with their moans during testimony and had the jury in stitches. As much as I hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3^rd 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. 5^th Street, #404

Los Angeles, CA 90013

(213) 219-**** (cell phone)

(213) 622-3745 (listed land line but there are unresolved problems with the line, computer connection may be the reason but I hesitate to chance greater non-performance / worsening by their ‘fix’ so cell phone best for contact).

----------

*The foregoing and as indicated therein was previously send 9-14-10 but delivery confirmation was flawed as set forth below and my inquiries to the u.s. postal service rebuffed (I believe tampered with inasmuch as your office could not locate same). This cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the subject files for ease of reference, including the files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates once again that your office has not received the aforesaid and which can reasonably be presumed to have been tampered with, and hence, a violation of the federal statute concerning same. ]

FBI trouble after Bulger’s capture? The crime boss is said to have boasted of corrupting agents. If he talks, some could live to regret it. (Washington Post) [ Wow! I knew the northeast generally, jersey / new york particularly in terms of mob infestation / infiltration / control, and the unique status of virginia in terms of government (cia / military, all three branches in support thereof) involvement in the illegal drug trade, etc., connecticut and california derivatively thereby; but I’m now wondering about the stonewalling across the board regarding the RICO matters [ I personally trust the FBI, and to be truthful, really have no choice but to do so; moreover, I personally like the FBI … I hope that’s not been a mistake and ultimately a personal flaw, respectively, since it is the liars (sic lawyers, ie., in the DOJ, etc.) who’ve been invariably the corrupting, corrupt, corruptible agents, including judicially and otherwise ]. : http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm . Report: SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality http://albertpeia.com/grimreality.htm Mob boss brought back to Boston; will he sing? DENISE LAVOIE BOSTON (AP) — James "Whitey" Bulger's capture could cause a world of trouble inside the FBI.

The ruthless Boston crime boss who spent 16 years on the lam is said to have boasted that he corrupted six FBI agents and more than 20 police officers. If he decides to talk, some of them could rue the day he was caught.

"They are holding their breath, wondering what he could say," said Robert Fitzpatrick, the former second-in-command of the Boston FBI office.

The 81-year-old gangster was captured Wednesday in Santa Monica, Calif., where he apparently had been living for most of the time he was a fugitive. He appeared Friday afternoon inside a heavily guarded federal courthouse in Boston to answer for his role in 19 murders.

Bulger, wearing jeans and a white shirt, looked tan and fit and walked with a slight hunch at back-to-back hearings on two indictments. He asked that a public defender be appointed to represent him, but the government objected, citing the $800,000 seized from his Southern California apartment and his "family resources."

"We think he has access to more cash," said prosecutor Brian Kelly.

At the second hearing, Bulger took a swipe at prosecutors after Magistrate Judge Marianne Bowler asked him if he could afford to pay for an attorney.

"Well, I could, if they would give me my money back," he replied in his unmistakable Boston accent, prompting laughter in the courtroom.

Kelly implied that Bulger's cash came from illegal activities.

"He clearly didn't make that on a paper route on Santa Monica Boulevard," he said.

Prosecutors asked that Bulger be held without bail, saying he is danger to the community and may try to threaten witnesses.

"He's also, quite obviously, a risk of flight," Kelly said.

Kelly also said Catherine Greig, Bulger's longtime girlfriend who was arrested with him, told court officials that Bulger's brother may be willing to assist him in posting bail.

Bulger did not ask for a detention hearing, but his lawyer said he may later make an argument that Bulger should be released on bail while awaiting trial.

The amount of money found in Bulger's apartment confirmed a longheld belief by investigators that he kept large stashes of cash for a life on the run.

"We clearly don't think this is his last stash," Kelly said.

When Bulger walked into the courtroom, he saw his brother William, the former powerful leader of the state Senate, seated in the second row. Whitey Bulger smiled at him and mouthed, "Hi." His brother smiled back.

Greig appeared in court a few minutes later on charges of harboring a fugitive. She asked for a hearing to determine whether she can be released on bail, and one was scheduled for next week.

Bulger, the former boss of the Winter Hill Gang, Boston's Irish mob, embroiled the FBI in scandal after he disappeared in 1995. It turned out that Bulger had been an FBI informant for two decades, feeding the bureau information on the rival New England Mafia, and that he fled after a retired Boston FBI agent tipped him off that he was about to be indicted.

The retired agent, John Connolly Jr., was sent to prison for protecting Bulger. The FBI depicted Connolly as a rogue agent, but Bulger associates described more widespread corruption in testimony at Connolly's trial and in lawsuits filed by the families of people allegedly killed by Bulger and his gang.

Kevin Weeks, Bulger's right-hand man, said the crime lord stuffed envelopes with cash for law enforcement officers at holiday time. "He used to say that Christmas was for cops and kids," Weeks testified.

After a series of hearings in the late 1990s, U.S. District Judge Mark Wolf found that more than a dozen FBI agents had broken the law or violated FBI regulations.

Among them was Connolly's former supervisor, John Morris, who admitted he took about $7,000 in bribes and a case of expensive wine from Bulger and henchman Stephen "The Rifleman" Flemmi. Morris testified under a grant of immunity.

In addition, Richard Schneiderhan, a former Massachusetts state police lieutenant, was convicted of obstruction of justice and conspiracy for warning a Bulger associate that the FBI had wiretapped the phones of Bulger's brothers.

Edward J. MacKenzie Jr., a former drug dealer and enforcer for Bulger, predicted that Bulger will disclose new details about FBI corruption and how agents protected him for so long.

"Whitey was no fool. He knew he would get caught. I think he'll have more fun pulling all those skeletons out of the closet," MacKenzie said. "I think he'll start talking and he'll start taking people down."

A spokesman for the Boston FBI did not return calls seeking comment. In the past, the agency has said that a new generation of agents has replaced most or all of the agents who worked in the Boston office while Bulger was an informant.

A law enforcement official who requested anonymity because of the ongoing investigation told The Associated Press on Friday that FBI agents lured Bulger out of his., apartment earlier this week by telling him someone had broken into his on-site storage unit. The official said Bulger walked out of the apartment, was arrested without incident and consented to a search of the premises.

Some law enforcement officials said they doubt Bulger will try to cut a deal with prosecutors by exposing corruption, in part because he will almost certainly be asked to reveal what contact he had with his brothers while he was a fugitive and whether they helped him in any way.

"If Bulger talks, he would have to talk about his brothers, and I can't see that happening, said retired state police Detective Lt. Bob Long, who investigated Bulger in the 1970s and '80s."They are not going to take selective information from him — it's either full and complete cooperation or nothing."

Criminal defense attorney and former Drug Enforcement Administration agent Raymond Mansolillo said Bulger may not have any incentive to talk. "The FBI may say, 'You're going to jail or you're going to be killed. We're not offering you anything,'" said Mansolillo, who once represented New England crime figure Luigi "Baby Shacks" Manocchio.

But retired Massachusetts state police Maj. Tom Duffy, one of the lead investigators in the Bulger case, said Bulger may agree to talk if he thinks it could help his girlfriend.

"It's very possible he's concerned about her well-being — she was with him for 16 years and was very loyal to him," Duffy said. "That may be a bargaining chip for the government during negotiations."

The question of whether Bulger will be given a public defender will be decided later. A hearing was scheduled for Tuesday. He did not enter a plea.

Bulger is "looking forward to facing the charges against him," said Peter Krupp, a lawyer assigned to represent Bulger for purposes of Friday's hearing only.

Among the onlookers at the courthouse was Margaret Chaberek, who grew up in Bulger's home turf of South Boston. "I'm here to see him get what he deserves," she said.

Ina Corcoran of suburban Braintree came on her day off to witness a piece of history and sat on a bench outside the fifth-floor courtroom, saying it was like being there to see Al Capone.

"If you could go back in time to be in that courtroom, wouldn't you?" she said.

___

Associated Press writers Johanna Kaiser, Laura Crimaldi in Providence, R.I., Curt Anderson in Miami and Greg Risling in Los Angeles contributed to this report.’

Trail to bin Laden began with phone call (Washington Post) [ It’s truly difficult not to like Mr. Woodward or not to receive well anything he reports on. After all, having been played on the big screen by extremely likeable Robert Redford, I’m constrained to say I myself am predisposed to liking Mr. Woodward (Hoffman/Bernstein – not so much) and being thusly more receptive to what he has to say (that ‘transfer aspect’ of ‘propaganda’ which I was fortunate to have studied in sixth grade, the advanced reading group, courtesy of James Bresnahan, undoubtedly the best teacher I’ve ever had, grade for grade – he treated young people as more than just kids, with exposure to the great classics, classical music, slides and insights from his wide-ranging world travels, etc.). This is not to say Mr. Woodward should in any way be diminished inasmuch as his substantial journalistic credentials and contributions speak for themselves (particularly his recent piece, at great peril I believe, on the ubiquity of high level security clearances in the Washington metro area). Moreover, his contributions are invariably a welcomed positive for the great paper, The Washington Post. Yet, Mr. Woodward was a ‘navy man’, after all; and, I can’t help but think, with all the scripted, staged hoopla surrounding the Bin Laden affair, his ‘gorge rises at it’. Indeed, 911 itself; that ‘pearl harbor event’ so sought by the neo-cons / war mongerers still defies explanation (ie., the ‘stand-down order’, symmetrical implosions, foreknowledge by some {who conveniently ‘missed the party’ that day}, etc.. Some links, echoing the unbelief akin to the ‘Jessica Lynch’, Tillman, etc., affairs follow. Additionally, people must remain attuned to the reality that though having but 5% of the world’s population, america can boast 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg . Defacto bankrupt, fraudulent america also spends more on military spending than all the nations of the world combined... federal employees / contractors, cia, all 3 branches of the u.s. government, etc., are included in this evolved american trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ], and the highest crime rates in the world by far. That perverse field of dreams I’ve previously alluded to, the american nightmare, if you build / contrive war, they will come. And, they do; seals of them (among others); and when their ‘tours’ are done, it’s murder inc./contract killing for hire that they’ve won (cia, mob, etc.). The 20th century, the ‘bloodiest century’, not coincidentally referred to as the american century, brings longings of nostalgia to american criminals who, like Pavlov’s dogs salivate at the prospect of killing, raping, pillaging, and plundering which primitive mindset they have mistakenly been conditioned to connect to their now irretrievably lost success as a nation state, and to the contrary, has become globally and domestically self-destructive / self-defeating. In so short a period of time, it is unlikely that Mr. Woodward could do an incisive investigative piece as he’s become famed for; nor could he reasonably be expected to have done so given the ‘breaking nature’ of the story. The entire 911 / Bin Laden scenario just doesn’t pass the smell test and reeks of political desperation and Orwellian opportunism. Uncharacteristically, and somewhat disingenuously, I’m not going to read Mr. Woodward’s article so that I can continue to like Bob Woodward Redford.]

Drudgereport: TEMPLETON chairman: Financial Crisis 'Around Corner'...
'WE ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...'
CHINA: USA 'ALREADY DEFAULTING'...
DOLLAR TO 'LOSE RESERVE STATUS'

Economy Expected to Have Major Slide in Months Ahead...

REPORT: NATO forces ARE trying to assassinate Qaddafi...

GUILTY IN CHICAGOLAND...
17 of 20 counts...
Tried To Sell Obama's senate seat...
Jury DEADLOCKED on Rahm shakedown...
Blago to lawyer: 'What happened?'
'Stunned'...

JOBLESS WEAK: 429,000...
...disappointed
Economic trouble puzzles Fed chief...

FARRAKHAN: 'THAT'S A MURDERER IN THE WHITE HOUSE'...
THE NEW 'NORMAL'
GALLUP PLUNGE...
Approval -4, disapproval +5 -- in one day!

DOWN TO THIRD: USA 'TO FALL BEHIND INDIA' IN TRADE...
DEM FIX: MORE SPENDING!
Bernanke speaks, stocks sink...
FORBES: 'Admits he's clueless'...

CBO: Long-Term Debt Picture Worsens...
Would reach 101% of GDP by 2021...
STUDY: State, local gov'ts must raise taxes $1,400 a year for 30 years to fund pensions...

Millionaires shrug off downturn; Wealthy richer than before crisis...

Zuckerman: 'We now have more idle men, women than at any time since Great Depression'...

SHOCK POLL: ONLY 3 in 10 WILL VOTE FOR OBAMA...
66% say US headed in 'wrong direction'...

Greece Agrees on New Austerity Plan With EU, IMF...
ANGER IN ATHENS...
'BLACK HOLE'...

WH TRANSCRIPT: 'Over the last 15 months we’ve created over 2.1 million private sector jobs. (Laughter.)'...

REPORT: GANNETT to slash more jobs across the country… [ No surprise here for this pathetic shill, rag publisher. The only real newspaper consistent with a tradition of courage, excellence, and respect for the first amendment is The Washington Post …] ...

DEBT TALKS BREAKDOWN; TAX BUST

S&P: Risk of U.S. credit rating downgrade increased...

Chicago county faces $108 billion gap in pensions....

Greek Streets 'Explosive'...
PM wins confidence vote 'but outlook remains dire'...

Huntsman announces presidential bid at Statue of Liberty...
Harry Reid endorses...
Bachmann surges to primary lead...

Iraq hunting $17 billion missing after U.S. invasion...
NATO NIGHTMARE: 9 CIVILIANS KILLED [NATO strike kills 15 Libyan civilians]

Census: Whites lose majority among babies...
German Giant Says US Workers Lack Skills...
PAPER: AMERICA'S LOST DECADE?
States look to Internet taxes to close budget gaps...

SPANIARDS ON MARCH OVER BLEAK PROSPECTS...

House will move this week to limit funding for effort in Libya...

'DON'T BE SURPRISED IF ATHENS GOES UP IN FLAMES'...
GREEK PM PLEADS FOR UNITY!
...warns against default
Threat to downgrade Italian debt raises contagion fears...
Princess Diana Conspiracy Movie Headed to Theaters... [ Uh, oh! Time to gear up the already harsh ‘censors’ in england. ]

PAPER: AMERICA'S LOST DECADE?

Bachmann: Obama 'has failed' blacks, Hispanics... [ Come on! ‘Wobama the b’ (for b***s*** has failed everyone. ]
Presidential no-show miffs Hispanics...
African-American unemployment at 16%... [ But there’s rationality in this stat as people avoid their disgustingly uncivilized noisy rap ‘boomboxes’. Then there’s the attitude. I truly believe from direct experience that even when their outright aggression, assaults on persons and the senses, and otherwise obnoxious behavior is not apposite, the personality disorder ‘passive / aggressive’ is applicable, however indirectly expressed. ]

SHE'S OFF! (on the road again) Michelle Obama embarks on Africa visit … (stay there!) ...
Michelle Obama Admits: 'Fortunately, We Have Help From The Media'...
CHICAGOLAND: Rahm's Top Cop Blames Gangs, Crime on 'Gov't-Sponsored Racism'...
Likens federal gun laws to 'racism'...

Teen Mob Of 50 Hits Chicago WALGREENS...
Teen brutally beaten by mob of blacks; cops mull 'lynching' charge...
Princess Diana Conspiracy Movie Headed to Theaters... [ British queen arrives in Ireland Queen Elizabeth II’s visit overshadowed by security scares. (Washington Post) [ ‘How sweet she is’ … that ‘sweet liz’ … that is … Diana film causes stir at Cannes “Unlawful Killing” has a combination of celebrity, controversy and canny hype-mongering. (Washington Post) [ Let’s not kid ourselves … and, Dodi Fayed’s father was no dope and knew the score. Indeed, it’s not coincidental that William’s the over-riding favorite of granny Liz II; after all, Harry’s the bastard son of Hewitt (don’t buy into their DNA proffer which they did buy – you know, that ‘bloodline thing’). Moreover, it was reported that Diana had another ‘potential challenger in the oven’ at the time of her death and we all know how dicey such english affairs of state can be (ie., Henry VIII, Richard III, etc.). Then there’s the contempt of Diana for having brought the son of her bosom, Chas, down. Do I think she said flat out ‘kill Diana’. No … more of a ‘do what’s necessary’ to mi6 et als. Ultimately, William will require some substantial therapy to sort out this looming conflict. After all, Diana was his mother. Drudgereport: British woman decapitated in grocery store; killer flees with head... Cannes: Diana doc slams UK royals as 'gangsters'... ]

Week Ahead: Fireworks Coming Early? at Forbes

Top 3 Reasons Markets Were Down After Tech and Gold Slumped Wall St. Cheat Sheet June 24, 2011, Markets closed down on Wall Street: Dow -0.96% , S&P -1.17% , Nasdaq -1.26% , Oil +0.24%, Gold -1.32% .

On the commodities front,  Oil (NYSE:USO) recovered slightly, up to $91.24 a barrel after yesterday’s $4 drop. Precious metals were down again today with Gold (NYSE:GLD) closing at $1,500.50, a drop of $23 from yesterday, and  Silver (NYSE:SLV) is down 2.36% to $34.19.

Today’s markets were down because:

1) Tech slump. Both Oracle (NASDAQ:ORCL) and Micron Technology (NASDAQ:MU) suffered huge losses in the market today, weighing heavily on tech stocks. The Nasdaq Composite, up 0.66% yesterday is down 1.16% today. Tech was also the worst performer of the 10 sectors on the S&P 500. Blue chips were dragged down as well by the Dow’s tech members like Microsoft (NASDAQ:MSFT), Intel (NASDAQ:INTC), and Cisco (NASDAQ:CSCO). All in all it was a terrible day for tech (NYSE:XLK).

2) Italy might be the new Greece. Also Ireland, Portugal, and maybe Spain (NYSE:EWP). Really no one’s being left out of the party. After Moody’s put 12 Italian government-related financial institutions on review for possible downgrade, people are worried that it might be too late to contain Greece’s debt woes — they may have already contaminated other borderline economies. Spanish and Italian bond yields are up, with Spain’s 10-year bond reaching its highest level since 2000. And Italy (NYSE:EWI) has a national debt that totals 120% of GDP, a figure that seems unlikely to improve considering long-term structural weaknesses and low productivity. Greece may only be the first domino to fall.

3) Positive economic data? The latest GDP report came out this morning and the figures were better than previous estimations, showing durable goods rose more than expected in May after suffering a 2.7% decline in April. But the report couldn’t have come out at a worse time, overshadowed by today’s tech losses and renewed fears in Europe, as well as still-low crude futures and plummeting oil-related stocks…’

Regulators shut small Georgia bank; 48th in 2011

Stocks Cut Losses On Greek Deal Pipe Dream at Forbes Steve Schaefer ‘A Reuters report Thursday afternoon said Greece has reached a deal with the European Union and the International Monetary Fund on a new five-year austerity program, helping Wall Street shed the bulk of its heavy losses Thursday afternoon, even though such an agreement means little in the face of contentious debate within the Greek government.

While a deal with the EU and IMF on austerity clears the path for Greece to continue receiving the bailout loans that are allowing it to meet its funding needs, there is still a huge hurdle to clear in getting the deal through Greece’s Parliament, no small task. After all, in just the past week Greek Prime Minister George Papandreou has had to reorganize his cabinet and face a confidence vote (which he survived).

(Update: Reuters reports that Papandreou has his doubts about whether the draft legislation will pass muster and opposition leader Antonis Samaras has maintained his refusal to bless the plan.)

Thursday morning, Barclays Capital head of research Larry Kantor said he expects an eventual Greek restructuring in 2012. In the near-term, BarCap figures enough will be done to kick the can down the road and allow for some recapitalization of the European banking system. That of course depends on some austerity being passed, which Kantor said “is far from assured, though we think it will happen.” And even once such a package is passed it only buys time. Actually fixing the fiscal condition of Greece is not something that can be solved in a matter of weeks, or even months.

Thursday afternoon’s report may just be the latest noise on the inexorable path toward restructuring – after all, we have been talking about Greek debt for more than a year at this point and have yet to see anything resembling a long-term solution (See “Why Euro Debt Matters”) – but that didn’t stop investors to take the opportunity to snap up battered stocks that had been languishing for much of the session.

By the close the major indexes were well off their lows, with the Nasdaq popping into positive territory, up 18 points to 2,687, the Dow Jones industrial average down just 60 points at 12,050 and the S&P 500 off 4 points at 1,284. Earlier, the Dow had lost more than 200 points.

Thursday’s earlier slide was driven in part by the Obama Administration’s decision to tap the U.S. Strategic Petroleum Reserve for some 30 million barrels of crude oil, as part of a move by the International Energy Administration to stem the impact of the production lost from Libya this year. That move hindered energy stocks, with Exxon Mobil and Chevron the two biggest losers on the Dow as crude dropped to $91.82 a barrel.

Meanwhile, talks over the U.S. debt ceiling involving Vice President Biden collapsed Thursday, with lawmakers calling for President Obama to take a more central role in the negotiations.’

Was Bernanke's Speech the last Nail in the Coffin? Maierhofer, June 24, 2011 The more FOMC meetings go by, the more they remind me of cotton candy.

Every meeting gets hyped up and whets your appetite for solid tidbits of financial guidance, yet every FOMC meeting leaves me unfulfilled and unsatisfied, just like cotton candy. There's much fluff but no substance.

For what it's worth, lets dissect some of Bernanke's statements and its implications for stocks. More importantly, we'll take a look at what the stock market has said and will say, and how this matches up to technical analysis. You may be surprised just how accurate the market's subtle signals have been.

About QE3

Bernanke said that a new asset purchase program (something like QE3) won't be discussed for at least another two to three FOMC meetings (the next FOMC meetings are scheduled for August 9, September 20, November 1, 2).

He added that the economy is in a different position today than it was last year. Interestingly, he specifically noted that today's situation is just that, different, but not where they'd like it to be. In other words, no QE3 is needed right now.

About Banks

Bernanke didn't specifically talk about bank's health, but mentioned this: 'We don't have a precise read on why this slower pace of growth is persisting. Maybe some of the headwinds like weakness in the financial sector ... are stronger than we thought.'

It seems like Sherlock hit the head on the nail there. Of the 7,574 federal insured banks, 11.7% are on the FDIC's problem list. It is not surprising that the financial sector ETFs trade below their 200-day moving average.

About GDP

The 2011 Gross Domestic Product (GDP) forecast was cut to a range of 2.7% - 2.9% from a prior range of 3.1% - 3.3%. 2012 GDP has been revised to a range of 3.3% - 3.7% from 3.5% - 4.2%.

Keep in mind that government spending accounts for 26% of GDP. Furthermore, GDP does not distinguish how government spending is financed. Yes, all the government spending that has brought the country to the brink of insolvency is reflected in GDP. It's time to rethink using GDP as the ultimate economic growth indicator.

About Treasuries

There's much speculation about the future direction of long-term Treasuries. I could add my own two cents to the mix, but quite frankly at this point there is no high probability set up.

However, I see that 30-Year Treasuries are above the 50 and 200-day moving average and barely above the 20-day MA. But Treasuries are also below a trend line that has rejected all advances for over 3-months.

Any major move will either have to break below the 20-day MA or above the trend line. Knowing this allows us to formulate high probability trading strategies (detailed analysis on TLT and Treasury available via the ETF Profit Strategy Newsletter).

About Europe

Here's how Bernanke summed up the situation in Europe: 'Failure to resolve the Greek situation would pose threats to European and global financial systems and European political unity. It's one of several potential financials risks we are facing.' Does Benny B. think the European debt situations is worse than the media leads us to believe?

About the only Authority

There are many opinions about what stocks (NYSEArca: TMW - News) may or may not, or should or should not do. But none of that matters, because the final and only authority is the market itself. That's why it makes sense to listen to the market and to the market only.

The chart below lists various support/resistance levels for the S&P 500 (SNP: ^GSPC). To keep it simple, I've omitted various weekly and monthly pivots. It's important to note that we don't draw trend lines or Fibonacci levels, the market does. We simply connect the dots. It doesn't matter if you analyze the S&P, the Dow Jones (DJI: ^DJI), the Nasdaq (Nasdaq: ^IXIC) or the Russell 2000 (NYSEArca: IWM - News).

http://www.etfguide.com//contributor/UserFiles/8/Image/spx%206%2023%2011.gif

In hindsight it's always easy to interpret why the market did what. Let's take a look at what the ETF Profit Strategy Newsletter said about the various support/resistance levels shown in the chart BEFORE the S&P encountered them.

April 3, about S&P 1,369: 'There is strong Fibonacci resistance at 1,369. In terms of resistance levels, the 1,369 - 1,xxx range is a strong candidate for a reversal of potentially historic proportions.'

May 3, about S&P 1,369: Recommendation to short the S&P against 1,369 with a tight stop-loss. The S&P topped the very next day at 1,370 and tumbled over 110 points thereafter.

June 5, about S&P 1,298: 'A close below 1,298 would open the door for a retest of the important 1,255 Fibonacci level. Anyone who is not short but wants to be may take a short position if the S&P moves below 1,298 with a stop-loss at 1,304.' The very next day the S&P sliced through 1,298 support and fell as low as 1,258.

June 15, about S&P 1,259: 'The 200-day SMA at 1,257 is sandwiched between the 1,255 Fibonacci projection level dating back to 2002 and this week's s1 at 1,259. Wednesday's low was at 1,261.9. If this low is not enough, there is a strong cluster of support at 1,259 - 1,245. A drop into the 1,259 - 1,245 range would prompt us to close out short positions and leg into long positions.'

The next day the S&P bottomed at 1,258 and rallied as high as 1,298.

June 21, about S&P 1,298: The S&P triggered a bearish low-risk entry. The recommendation was to go short with a stop-loss at 1,299. If you enjoy more technical lingo, here is the original trade tip:

'The trade based on percentR is to go short with a stop-loss (based on closing prices) at today's high (1,297.62). Because of the close proximity to the Fib level at 1,298.5, let's put the stop-loss at 1,299.'

Leading up to Bernanke's speech, the S&P traded as high as 1,298.61 and faded away.

June 22, about new lows: 'There is only one support level between yesterday's close and the 200-day SMA at 1,262. If the market is going to drop that far, it will probably take out the 1,259 low and minimally test the 1,255 Fibonacci support or the 1,250 trend line.'

Cotton Candy or the Real Deal

There is no doubt that QE2 has altered the performance of stocks. The absence of QE2 will probably alter their performance as well…’

AT&T Gave $500k to House Democrats Pushing The T-Mobile Takeover

Why Are Food Prices Rising So Fast? If you do much grocery shopping, you have probably noticed that the cost of food has been rising at a very brisk pace over the past year. So why are food prices rising so fast?

How Greece is Mocking the Rest of the World Maierhofer ‘ … The next few paragraphs will be a walk down memory lane and show how Greece went from an A1 rating (by Moody's) and a $3 billion deficit reduction effort, to the most unstable country in Europe and a $146 billion bailout.

As you read the progression of headlines, ask yourself whether you will believe any future information spoon-fed by the media and/or government administrations.

It all started in June 2009. On June 23, Greece's finance minister Yannis Papathanassiou stated: 'The rate of growth for the Greek economy in 2009 is expected to slow more than forecasted. Specifically, it will range around zero and only return to growth in 2010.' The disclosed budget deficit at the time was $3.1 billion.

On October 22, 2009, Fitch lowered Greece's rating from A to A-. On October 30, Moody's placed Greece's A1 rating on review for a possible downgrade. So far it all sounds pretty innocent. The rest of the story is described simply in headlines:

December 17, 2009: 'Greek woes hit Euro'

December 21: 2009: 'ECB member says no bailouts for Greece'

January 18: 'Two EU ministers: No bailout for Greece'

January 19: 'Greece tackles statistics trouble' (hmm, the numbers just didn't add up despite all the financial alchemy)

February 9, 2010: 'Bulls run on Greece news' (over rumors about a bailout)

February 11, 2010: 'European Union throws a big fat Greek bailout'

February 22, 2010: 'Debtors bet Greece won't spill'

February 27, 2010: 'Athens, Berlin spar as bailout takes shape (talks about $41 billion)

March 4, 2010: 'Is Greece's crisis over?'

April 24, 2010: 'Greece asks for $60 billion bailout'

April 27, 2010: 'Greece contagion fears unfounded'

May 3, 2010: 'Greece gets $146 billion rescue'

May 3, 2010: 'Wall Street up sharply on data, Greece package'

May 8, 2010: 'Stocks tumble on faulty quotes, Greek concerns'

June 14, 2010: 'Greece's government bond ratings cut to junk by Moody's

July 5, 2010: 'Greece upbeat on bid to exit from crisis'

December 17, 2010: 'IMF approves $3.3 billion for Greece amid impressive fiscal adjustment' …’

J.D. Power: Best new cars

Federal Reserve Shipped Billions to Iraq Which Were Then Stolen Washington’s Blog | The Federal Reserve has been involved in other unsavory activities as well, such as loaning billions to Gaddaffi.

Jobless claims rise more than expected Reuters | Little improvement in the labor market this month after employment stumbled in May.

RIP Euro, 1999-2011: Poisoned chalice for Greeks amid rage & anger The Euro is dead and buried…. quite literally according to sceptics, who’ve held a mock funeral for the ailing single currency in Brussels.

House votes down SEC budget hike Agency has been seeking a budget increase to keep pace with its expanded responsibilities. (Washington Post) [ No surprise here given the prior and continuing defacto complicity in wall street’s enormous frauds. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Report: SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman … Yet, one must ask what have they been doing and already getting paid for? Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud ) … I want just one person with courage enough to stand up and explain to all that these huge commissionable computerized trading volumes like never before are a net negative in a very big way … that’s a fact … that’s economic reality in real terms! … Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.

‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

U.S., allies to release 60M barrels of oil Effort hopes to cut fuel price and jolt the stalling economic recovery. (Washington Post) [ Ah, riiiiight! The next new gimmick, shill talking point for fraudulent wall street and administrations worldwide and particularly america to pretend they’re doing something of consequence. Though peak oil has been reached (and hence the current moves are meaningless as regards that reality, and even detrimental, longer term), the fact is there’s really no current shortage per se. Just another meaningless b.s. talking point to divert attention from the much worse than expected economic / financial data / reports / news. Stocks Cut Losses On Greek Deal Pipe Dream at Forbes Steve Schaefer ‘A Reuters report Thursday afternoon said Greece has reached a deal with the European Union and the International Monetary Fund on a new five-year austerity program, helping Wall Street shed the bulk of its heavy losses Thursday afternoon, even though such an agreement means little in the face of contentious debate within the Greek government.

While a deal with the EU and IMF on austerity clears the path for Greece to continue receiving the bailout loans that are allowing it to meet its funding needs, there is still a huge hurdle to clear in getting the deal through Greece’s Parliament, no small task. After all, in just the past week Greek Prime Minister George Papandreou has had to reorganize his cabinet and face a confidence vote (which he survived).

(Update: Reuters reports that Papandreou has his doubts about whether the draft legislation will pass muster and opposition leader Antonis Samaras has maintained his refusal to bless the plan.)

Thursday morning, Barclays Capital head of research Larry Kantor said he expects an eventual Greek restructuring in 2012. In the near-term, BarCap figures enough will be done to kick the can down the road and allow for some recapitalization of the European banking system. That of course depends on some austerity being passed, which Kantor said “is far from assured, though we think it will happen.” And even once such a package is passed it only buys time. Actually fixing the fiscal condition of Greece is not something that can be solved in a matter of weeks, or even months.

Thursday afternoon’s report may just be the latest noise on the inexorable path toward restructuring – after all, we have been talking about Greek debt for more than a year at this point and have yet to see anything resembling a long-term solution (See “Why Euro Debt Matters”) – but that didn’t stop investors to take the opportunity to snap up battered stocks that had been languishing for much of the session.

By the close the major indexes were well off their lows, with the Nasdaq popping into positive territory, up 18 points to 2,687, the Dow Jones industrial average down just 60 points at 12,050 and the S&P 500 off 4 points at 1,284. Earlier, the Dow had lost more than 200 points.

Thursday’s earlier slide was driven in part by the Obama Administration’s decision to tap the U.S. Strategic Petroleum Reserve for some 30 million barrels of crude oil, as part of a move by the International Energy Administration to stem the impact of the production lost from Libya this year. That move hindered energy stocks, with Exxon Mobil and Chevron the two biggest losers on the Dow as crude dropped to $91.82 a barrel.

Meanwhile, talks over the U.S. debt ceiling involving Vice President Biden collapsed Thursday, with lawmakers calling for President Obama to take a more central role in the negotiations.’

STOCKS MAKE INCREDIBLE COMEBACK AFTER HUGE PILE OF BAD NEWS: Here's What You Need To Know Business Insider [ You need to know that the bad news is at least reality and probably worse, and that tomorrow, etc., the b***s*** spurring rally will still be b***s***! ]

The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed!

China Formally Working With IMF To Avoid Eurozone Restructuring Step aside IMF, China is now in the driver’s seat. Officially.

Ron Paul Holds Hearing on Gold Audit Bill Ron Paul wants to shine a light on America’s gold reserves.

Geithner: Taxes on ‘Small Business’ Must Rise So Government Doesn’t ‘Shrink’ Treasury Secretary Timothy Geithner told the House Small Business Committee on Wednesday that the Obama administration believes taxes on small business must increase so the administration does not have to “shrink the overall size of government programs.”

ECONOMIC CRISIS ARCHIVE

National / World

Texas Lawmakers AWOL For Vote On TSA Groping Bill Paul Joseph Watson | More dirty tricks by feds who previously intimidated Senators with threats of federal blockade?

House Rejects Resolution Authorizing U.S. Mission in Libya NYT | The House on Friday resoundingly rejected a measure that would have authorized the United States’ mission in Libya.

Documents Reveal Canadian Cops Used Agents Provocateurs to Disrupt 2010 G20 Kurt Nimmo | Heavily redacted documents indicate RMCP disrupted protest activity.

Obama Administration Caught Running False Flag Against Second Amendment Paul Joseph Watson | Most damning evidence indicates Operation Fast and Furious was a deliberate assault on gun rights.

Pentagon Moves to Expand War in Pakistan Kurt Nimmo | U.S. claims Pakistan is crawling with al-Qaeda as it moves to intensify conflicts in the lead-up to World War 3.

Perry Supporter Claims Alex Jones Works For Obama Paul Joseph Watson | In accusing Infowars of being an Obama propaganda front to disseminate conspiracy theories about Rick Perry, Dallas Blog writer Tom McGregor invents the most ludicrous conspiracy theory of them all.

Al Gore, Agenda 21 And Population Control The American Dream | Imagine going to sleep one night and waking up many years later in a totally different world.

Retirement As We Know it Is “Dead”: EuroPacific’s Pento Daily Ticker | An increasing number of Americans are worried about their retirement.

GOP demands meeting with Obama on taxes Congressional Republicans abruptly pulled out of debt-reduction talks with the White House after seven weeks of negotiations. (Washington Post) [ Ooooh! The lines in the sand are drawn … a principled stand we see … what total b***s*** … all of them … democrats / republicans … for the sake of whom? … the frauds on wall street … I want just one person with courage enough to stand up and explain to all that these huge commissionable computerized trading volumes like never before are a net negative in a very big way … that’s a fact … that’s economic reality in real terms … then explain in cogent, fact-based fashion beyond the war mongering rhetoric how the trillions spent on these contrived and illegal (ie., Iraq, etc.) wars are worth the trillions spent bankrupting this nation and spilling innocent blood and including as well, the blood of u.s. soldiers. Then explain how the frauds on wall street by the biggest frauds remain unprosecuted. Pathetic! Truly pathetic! The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! They’ve used the contrived mideast turmoil and their wars to obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Senate Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a hard place called Afghanistan; indeed they are. [Pakistani troops, NATO helicopters engage in firefight 6th soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan Jones FLASHBACK: Editorial: US in quagmire War in Afghanistan and Iraq costs America $1trillion Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billiions from the fraud ). UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.

‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

Permanent U.S. Iraq and Afghanistan Occupations Planned Stephen Lendman | In total, known Pentagon bases way exceed 1,000.

The Plan to Destabilize Syria Thierry Meyssan | Efforts to overthrow the Syrian government have a lot in common with what has been undertaken in Libya.

US official urges ‘immediate’ power transfer in Yemen AFP | Top US official Jeffrey Feltman called Thursday for an “immediate” transfer of power in Yemen.

Drone Airplane Crashes Into Roof Of Damaged Fukushima Reactor #2 Fukushima, which has yet to be wrapped up into the world’s most surreal Christo project, has now entered the realm of the sitcom farce.

Mexican troops cross into the United States A convoy of three military trucks loaded with Mexican soldiers crosses the border at Bridge Number Two clearly violating international law.

Pentagon Moves to Expand War in Pakistan Now that Obama will go into the silly season of American presidential politics claiming he ended the occupation of Afghanistan, it is time for the Pentagon to get serious about its effort to destabilize Pakistan and prepare for the next world war.

Perry Supporter Claims Alex Jones Works For Obama Following our exposé of potential Republican presidential candidate Rick Perry’s globalist leanings, several neo-con news outlets reacted with a mixture of contempt, fury and in one case, outright frothing idiocy, by claiming that Alex Jones and Infowars were fully paid-up propagandists for the Obama 2012 re-election campaign.

Obama’s Drawdown Speech: More Orwellian Lies Obama begins his speech by claiming Osama bin Laden and al-Qaeda attacked the United States on September 11, 2001. Like his predecessor, the government, and the corporate media, he does not offer any evidence but simply states it as fact.

The War President Barack Obama, once hailed as the anti-war president, was awarded the Nobel Peace Prize for—supposedly—his extraordinary efforts to strengthen international diplomacy and cooperation between people.

Robinson: Why does the Afghan war go on? (Washington Post) [ Well, there’s one person who minces no words as to why: Drudgereport: FARRAKHAN: 'THAT'S A MURDERER IN THE WHITE HOUSE'... Minister Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15, 2011 Press Conference at the UN Plaza Hotel. Then there are, beyond the regional proximity to oil and an american induced resurgent poppy / heroin production / trade (the Taliban had all but eradicated same). After all, pervasively corrupt, defacto bankrupt america is into the illegal drug trade in a very big way. Obama’s Drawdown Speech: More Orwellian Lies Kurt Nimmo | The U.S. government has no intention of ending the war and bringing home all of the troops. Obama: Time for ‘nation building’ at home ‘Surge’ troops to be ordered home Departure plan will remove 33,000 troops faster than Obama’s commanders requested but more slowly than many of his political allies would like. (Washington Post) [ Well, in a certain sense he’s chronologically correct … finish the job of destruction at home … yeah … it’s true … they haven’t the slightest idea what they’re doing and no matter what or where, pervasively corrupt, defacto bankrupt america’s touch is an invariably destructive, negative touch (‘nation building’ the coy, euphemistic phrase for what is in fact ‘nation destroying’, regardless of spin, propaganda, and outright lies). Obama’s task: Keep support for Afghan war The president’s prime-time address on plans to gradually withdraw troops must remind a skeptical electorate and a concerned Congress that the country’s longest war remains worth fighting — and funding. (Washington Post) [ Obama’s task? Support for this nation’s self-bankrupting Afghan (among other) war(s)? Geeh! Silly me! And all the while I thought wobama’s task was to bring to fruition all those laudable campaign promises; viz., jobs / economy not wars, prosecution of the frauds on wall street responsible for the crisis, etc.. What a total fraud wobama is. Obama’s semantics draw criticism on Libya (Washington Post) [ Semantics? If it were only wobama’s semantics that drew criticism. But, one must concede that when fellow black Farrakhan is weighing in thusly: Drudgereport: FARRAKHAN: 'THAT'S A MURDERER IN THE WHITE HOUSE'... Minister Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15, 2011 Press Conference at the UN Plaza Hotel. (I wonder what Chinese mascot ‘the black mamba’ has to say ‘The Chinese people's love of american basketball star Kobe Bryant’…Kobe Bryant China The Kobe dynasty - Los Angeles TimesAug 20, 2008 ... Beijing It's Kobe's team, in China, anyway… Sprite China: Kobe Bryant & Jay Chou Music Video – Advertising ... Feb 23, 2011 ... Sprite China has paired up NBA Star Kobe Bryant of the LA Lakers … who has supplanted their own ’yellow / red bamba’; viz., Yao Ming.), wobama’s really got problems (you know, that unflinchingly loyal 18%). Sen. Conrad: $2 trillion not enough Democratic chairman of budget committee is pushing for deeper cuts in any debt-reduction deal. Lawmakers fear time is running out to slice $2 trillion from the budget In six weeks, negotiators must strike a bipartisan compromise and persuade a bitterly divided Congress to support it. (Washington Post) [ Ah, there you have it. That nebulous, ‘fudgeable’, over a period of time thing … ‘$4 trillion in savings by 2021 to avoid a debt crisis. Others view $2 trillion as impossibly ambitious...more borrowing authority for a nation already mired in red ink.’…Some have been less than optimistic in their prognosis Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ America’s shine is wearing off I know why we are falling into a cataclysm of debt and can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious freedom, freedom generally did they come to these shores. A rare exception to the influx of immigrants to this young nation who turned out to be more a virus to the indigenous peoples of this land than what could have been expected from those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those so positioned abroad would have represented a positive addition to the gene pool which, borrowing from an insurance term, viz., adverse selection, springs forth the notion of inevitability to the genocide of the indigenous populations while guaranteeing the decline we see throughout this foundering nation. The effects of these negative predispositions toward inherent criminality is certainly being felt globally as well as domestically and has little to recommend it. My own direct experience with the region(s) (particularly new jersey, new york, virginia, connecticut, california) carves out no exception for the prevalence of the worst of human nature; which is now collectively and pervasively americana. Report: SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm

Focus Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs, extinction, at least in a manner of speaking. Global information exchange at lightning speed has made such throwbacks to a lost era, propaganda, and maladaptive traits foolish at best, deadly at worst. Intelligent people worldwide aren’t buying the obsolete, Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc.; more specifically, diversion of the masses from the glaring failures of leadership, economic and otherwise.

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

World War III Defined: Wider War Unfolding in Middle East It’s time to identify the unfolding Middle East crisis for what it is– a wider world war. Alex Jones analyzes the more than nine years of expanding middle east conflict since 9/11, with the U.S. now engaging in 5 simultaneous proxy wars including Iraq, Afghanistan, Libya, Pakistan and Yemen.

What else is radical in Pakistan Expressing pro-America sentiments requires a degree of boldness that verges on a death wish. (Washington Post) [ And believe it, not just Pakistan. After all, empathy / ability to empathize is what supposedly in large part separates humans from other purportedly lower animals. What would be the attitude of an american in america to a similarly destructive, murderous force from abroad in america, you know, boots on the ground as well as bombing (and not that contrived ‘pearl harbor event’ on 911 for the sake of the military industrial complex, israel, and neocon talking points – who gave that stand-down order)? Indeed, this would be untenable position for any foreign nation much less the pervasively corrupt, high crimes, war crimes, meaningfully lawless nation in decline and fall america has become. After all, america’s hardly the shining beacon of light in the world today as viewed domestically as well as internationally, and infra, america has the crime stats to prove it. Then there’s the defacto bankruptcy of america which is lost on no one and no nation. Report: SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm America’s shine is wearing off I know why we are falling into a cataclysm of debt and can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious freedom, freedom generally did they come to these shores. A rare exception to the influx of immigrants to this young nation who turned out to be more a virus to the indigenous peoples of this land than what could have been expected from those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those so positioned abroad would have represented a positive addition to the gene pool which, borrowing from an insurance term, viz., adverse selection, springs forth the notion of inevitability to the genocide of the indigenous populations while guaranteeing the decline we see throughout this foundering nation. The effects of these negative predispositions toward inherent criminality is certainly being felt globally as well as domestically and has little to recommend it. My own direct experience with the region(s) (particularly new jersey, new york, virginia, connecticut, california) carves out no exception for the prevalence of the worst of human nature.. Focus Is on Obama as Tensions Soar Across Mideast (NYT) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall. .. Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc.;more specifically, diversion of the masses from the glaring failures, economic and otherwise.

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

U.S. Senate investigates claim CIA tried to smear U-M prof NIRAJ WARIKOO | “Depending on what we find, we may take further action,” said Dianne Feinstein.

Nicolas Sarkozy accuses Robert Gates of ‘bitterness’ The Telegraph | Gates criticized European allies for the reliance on the US military, warning them that they were putting Nato’s future at risk.

Mob boss brought back to Boston; will he sing? DENISE LAVOIE BOSTON (AP) — James "Whitey" Bulger's capture could cause a world of trouble inside the FBI.

The ruthless Boston crime boss who spent 16 years on the lam is said to have boasted that he corrupted six FBI agents and more than 20 police officers. If he decides to talk, some of them could rue the day he was caught.

"They are holding their breath, wondering what he could say," said Robert Fitzpatrick, the former second-in-command of the Boston FBI office.

The 81-year-old gangster was captured Wednesday in Santa Monica, Calif., where he apparently had been living for most of the time he was a fugitive. He appeared Friday afternoon inside a heavily guarded federal courthouse in Boston to answer for his role in 19 murders.

Bulger, wearing jeans and a white shirt, looked tan and fit and walked with a slight hunch at back-to-back hearings on two indictments. He asked that a public defender be appointed to represent him, but the government objected, citing the $800,000 seized from his Southern California apartment and his "family resources."

"We think he has access to more cash," said prosecutor Brian Kelly.

At the second hearing, Bulger took a swipe at prosecutors after Magistrate Judge Marianne Bowler asked him if he could afford to pay for an attorney.

"Well, I could, if they would give me my money back," he replied in his unmistakable Boston accent, prompting laughter in the courtroom.

Kelly implied that Bulger's cash came from illegal activities.

"He clearly didn't make that on a paper route on Santa Monica Boulevard," he said.

Prosecutors asked that Bulger be held without bail, saying he is danger to the community and may try to threaten witnesses.

"He's also, quite obviously, a risk of flight," Kelly said.

Kelly also said Catherine Greig, Bulger's longtime girlfriend who was arrested with him, told court officials that Bulger's brother may be willing to assist him in posting bail.

Bulger did not ask for a detention hearing, but his lawyer said he may later make an argument that Bulger should be released on bail while awaiting trial.

The amount of money found in Bulger's apartment confirmed a longheld belief by investigators that he kept large stashes of cash for a life on the run.

"We clearly don't think this is his last stash," Kelly said.

When Bulger walked into the courtroom, he saw his brother William, the former powerful leader of the state Senate, seated in the second row. Whitey Bulger smiled at him and mouthed, "Hi." His brother smiled back.

Greig appeared in court a few minutes later on charges of harboring a fugitive. She asked for a hearing to determine whether she can be released on bail, and one was scheduled for next week.

Bulger, the former boss of the Winter Hill Gang, Boston's Irish mob, embroiled the FBI in scandal after he disappeared in 1995. It turned out that Bulger had been an FBI informant for two decades, feeding the bureau information on the rival New England Mafia, and that he fled after a retired Boston FBI agent tipped him off that he was about to be indicted.

The retired agent, John Connolly Jr., was sent to prison for protecting Bulger. The FBI depicted Connolly as a rogue agent, but Bulger associates described more widespread corruption in testimony at Connolly's trial and in lawsuits filed by the families of people allegedly killed by Bulger and his gang.

Kevin Weeks, Bulger's right-hand man, said the crime lord stuffed envelopes with cash for law enforcement officers at holiday time. "He used to say that Christmas was for cops and kids," Weeks testified.

After a series of hearings in the late 1990s, U.S. District Judge Mark Wolf found that more than a dozen FBI agents had broken the law or violated FBI regulations.

Among them was Connolly's former supervisor, John Morris, who admitted he took about $7,000 in bribes and a case of expensive wine from Bulger and henchman Stephen "The Rifleman" Flemmi. Morris testified under a grant of immunity.

In addition, Richard Schneiderhan, a former Massachusetts state police lieutenant, was convicted of obstruction of justice and conspiracy for warning a Bulger associate that the FBI had wiretapped the phones of Bulger's brothers.

Edward J. MacKenzie Jr., a former drug dealer and enforcer for Bulger, predicted that Bulger will disclose new details about FBI corruption and how agents protected him for so long.

"Whitey was no fool. He knew he would get caught. I think he'll have more fun pulling all those skeletons out of the closet," MacKenzie said. "I think he'll start talking and he'll start taking people down."

A spokesman for the Boston FBI did not return calls seeking comment. In the past, the agency has said that a new generation of agents has replaced most or all of the agents who worked in the Boston office while Bulger was an informant.

A law enforcement official who requested anonymity because of the ongoing investigation told The Associated Press on Friday that FBI agents lured Bulger out of his., apartment earlier this week by telling him someone had broken into his on-site storage unit. The official said Bulger walked out of the apartment, was arrested without incident and consented to a search of the premises.

Some law enforcement officials said they doubt Bulger will try to cut a deal with prosecutors by exposing corruption, in part because he will almost certainly be asked to reveal what contact he had with his brothers while he was a fugitive and whether they helped him in any way.

"If Bulger talks, he would have to talk about his brothers, and I can't see that happening, said retired state police Detective Lt. Bob Long, who investigated Bulger in the 1970s and '80s."They are not going to take selective information from him — it's either full and complete cooperation or nothing."

Criminal defense attorney and former Drug Enforcement Administration agent Raymond Mansolillo said Bulger may not have any incentive to talk. "The FBI may say, 'You're going to jail or you're going to be killed. We're not offering you anything,'" said Mansolillo, who once represented New England crime figure Luigi "Baby Shacks" Manocchio.

But retired Massachusetts state police Maj. Tom Duffy, one of the lead investigators in the Bulger case, said Bulger may agree to talk if he thinks it could help his girlfriend.

"It's very possible he's concerned about her well-being — she was with him for 16 years and was very loyal to him," Duffy said. "That may be a bargaining chip for the government during negotiations."

The question of whether Bulger will be given a public defender will be decided later. A hearing was scheduled for Tuesday. He did not enter a plea.

Bulger is "looking forward to facing the charges against him," said Peter Krupp, a lawyer assigned to represent Bulger for purposes of Friday's hearing only.

Among the onlookers at the courthouse was Margaret Chaberek, who grew up in Bulger's home turf of South Boston. "I'm here to see him get what he deserves," she said.

Ina Corcoran of suburban Braintree came on her day off to witness a piece of history and sat on a bench outside the fifth-floor courtroom, saying it was like being there to see Al Capone.

"If you could go back in time to be in that courtroom, wouldn't you?" she said.

___

Associated Press writers Johanna Kaiser, Laura Crimaldi in Providence, R.I., Curt Anderson in Miami and Greg Risling in Los Angeles contributed to this report.’

STOCKS MAKE INCREDIBLE COMEBACK AFTER HUGE PILE OF BAD NEWS: Here's What You Need To Know Business Insider [ You need to know that the bad news is at least reality and probably worse, and that tomorrow, etc., the b***s*** spurring rally will still be b***s***! ] Joe Weisenthal, On Thursday June 23, 2011, 4:00 pm EDT

It could have been a real disaster today!

But first, the scoreboard:

Dow: -53.16
NASDAQ: +18.46
S&P 500: -3.14

And now, the top stories:

• So much news today, almost none of it good, starting yesterday with yesterday's Bernanke comments about there being no QE3 on the horizon. That really got things going. It cut short yesterday's rally, and lead to a huge dollar surge.

• Then last night, there were reports about the Greek austerity deal being in trouble, thanks to a "hole" in the projections, and the fact that the new Greek FinMin is making enemies of everyone else in Europe. The dollar rallied more.

• The morning in Europe was a total mess. Portuguese and Irish yields blew out to new records. Equity indices continued to fall. A major Greek union announced a big general strike on the same day as the upcoming austerity vote.

• (Meanwhile, PMI data in both China and Europe was bad)

• In the US, there were more unhelpful headlines. Initial claims were ugly. The Chicago Fed index was mediocre, and the big one: The debt ceiling negotiations have collapsed, as we inch ever closer to that drop-dead day August 2.

• At 9:00 AM ET, the IEA dropped a huge shocker: The US and other countries would be opening their strategic petroleum reserves. Oil had already been dropping, and this just made the selling more aggressive. Naturally Obama was slammed for using "emergency" reserves during a period of merely tight supply. Big oil companies got crushed.

• Early on, the Dow was down 200 points.

• And yet... the markets were amazingly resilient. The NASDAQ actually closed green on a big rally in tech. Apple, which has been laggy lately, was a big gainer. The Russell 2000 had a shockingly strong day as well.

• Late in the day: Markets caught a bid on news that the Greek government had agreed to a deal on austerity with the EU, but it really isn't that important, since the real hurdle is the austerity voting. Still, it helped ease the pain a little bit.

• Click here for a guide on who would get hit in a Greek collapse > ‘

Financial sector layoffs rise, more cuts ahead (Reuters)

Losing Another Decade Bill Bonner ‘Great Speculations Buys, holds, and hopes An article in The Financial Times tells Americans they may face a “lost decade,” like the Japanese in the ’90s…Energy use in the US peaked in 1997. Real US GDP peaked a few years later. Since then, it’s been downhill for the economy.From memory…US GPD didn’t hit 10 trillion dollars until about 2000. Now, it’s about $14 trillion. Nice growth, huh? But wait. We know that a lot of that was phony, debt-fueled growth. It was phony because it raised living standards to a level that people couldn’t really afford. Or to look at it another way, it drew on earnings that hadn’t happened yet…and maybe never would. But how much of that $4 trillion worth of GDP is real and how much is phony? We don’t know. But we note that the federal deficit is about $1.5 trillion, which is as phony as a $3 bill. Subtract that and you have a gain of $3.5 trillion over 10 years…or about $350 billion per year.Let’s see, adjust that for population growth. Subtract phony private sector debt-fueled growth too. And properly adjust for inflation. What do you get? You get a lost decade. Another Lost Decade by Bill Bonner originally appeared in the Daily Reckoning.’

New Home Sales Dropped This Much in May Wall St. Cheat Sheet

Federal Tax Receipts Show Economy Grinding to a Halt

Technicals Knew what Bernanke Didn't: Stocks will Tank! But How Much? Simon Maierhofer June 23, 2011

The more FOMC meetings go by, the more they remind me of cotton candy.

Every meeting gets hyped up and whets your appetite for solid tidbits of financial guidance, yet every FOMC meeting leaves me unfulfilled and unsatisfied, just like cotton candy. There's much fluff but no substance.

For what it's worth, lets dissect some of Bernanke's statements and its implications for stocks. More importantly, we'll take a look at what the stock market has said and will say, and how this matches up to technical analysis. You may be surprised just how accurate the market's subtle signals have been.

About QE3

Bernanke said that a new asset purchase program (something like QE3) won't be discussed for at least another two to three FOMC meetings (the next FOMC meetings are scheduled for August 9, September 20, November 1, 2).

He added that the economy is in a different position today than it was last year. Interestingly, he specifically noted that today's situation is just that, different, but not where they'd like it to be. In other words, no QE3 is needed right now.

About Banks

Bernanke didn't specifically talk about bank's health, but mentioned this: 'We don't have a precise read on why this slower pace of growth is persisting. Maybe some of the headwinds like weakness in the financial sector ... are stronger than we thought.'

It seems like Sherlock hit the head on the nail there. Of the 7,574 federal insured banks, 11.7% are on the FDIC's problem list. It is not surprising that the Financial Select Sector SPDR (NYSEArca: XLF - News), the SPDR KBW Bank ETF and the SPDR KBW Regional Banking ETF (NYSEArca: KRE - News) trade below their 200-day moving average.

About GDP

The 2011 Gross Domestic Product (GDP) forecast was cut to a range of 2.7% - 2.9% from a prior range of 3.1% - 3.3%. 2012 GDP has been revised to a range of 3.3% - 3.7% from 3.5% - 4.2%.

Keep in mind that government spending accounts for 26% of GDP. Furthermore, GDP does not distinguish how government spending is financed. Yes, all the government spending that has brought the country to the brink of insolvency is reflected in GDP. It's time to rethink using GDP as the ultimate economic growth indicator.

About Treasuries

There's much speculation about the future direction of long-term Treasuries. I could add my own two cents to the mix, but quite frankly at this point there is no high probability set up.

However, I see that the iShares Barclays 20+ Year Treasury ETF (NYSEArca: TLT - News) is above the 50 and 200-day moving average and barely above the 20-day MA. But TLT is also below a trend line that has rejected all advances for over 3-months.

Any major move will either have to break below the 20-day MA or above the trend line. Knowing this allows us to formulate high probability trading strategies (detailed analysis on TLT and Treasury available via the ETF Profit Strategy Newsletter).

About Europe

Here's how Bernanke summed up the situation in Europe: 'Failure to resolve the Greek situation would pose threats to European and global financial systems and European political unity. It's one of several potential financials risks we are facing.' Does Benny B. think the European debt situations is worse than the media leads us to believe?

About the only Authority

There are many opinions about what stocks (NYSEArca: VTI - News) may or may not, or should or should not do. But none of that matters, because the final and only authority is the market itself. That's why it makes sense to listen to the market and to the market only.

The chart below lists various support/resistance levels for the S&P 500 (SNP: ^GSPC). To keep it simple, I've omitted various weekly and monthly pivots. It's important to note that we don't draw trend lines or Fibonacci levels, the market does. We simply connect the dots. It doesn't matter if you analyze the S&P, the Dow Jones (DJI: ^DJI), the Nasdaq (Nasdaq: ^IXIC) or the Russell 2000 (Chicago Options: ^RUT).

http://www.etfguide.com//contributor/UserFiles/8/Image/spx%206%2023%2011.gif

In hindsight it's always easy to interpret why the market did what. Let's take a look at what the ETF Profit Strategy Newsletter said about the various support/resistance levels shown in the chart BEFORE the S&P encountered them.

April 3, about S&P 1,369: 'There is strong Fibonacci resistance at 1,369. In terms of resistance levels, the 1,369 - 1,xxx range is a strong candidate for a reversal of potentially historic proportions.'

May 3, about S&P 1,369: Recommendation to short the S&P against 1,369 with a tight stop-loss. The S&P topped the very next day at 1,370 and tumbled over 110 points thereafter.

June 5, about S&P 1,298: 'A close below 1,298 would open the door for a retest of the important 1,255 Fibonacci level. Anyone who is not short but wants to be may take a short position if the S&P moves below 1,298 with a stop-loss at 1,304.' The very next day the S&P sliced through 1,298 support and fell as low as 1,258.

June 15, about S&P 1,259: 'The 200-day SMA at 1,257 is sandwiched between the 1,255 Fibonacci projection level dating back to 2002 and this week's s1 at 1,259. Wednesday's low was at 1,261.9. If this low is not enough, there is a strong cluster of support at 1,259 - 1,245. A drop into the 1,259 - 1,245 range would prompt us to close out short positions and leg into long positions.'

The next day the S&P bottomed at 1,258 and rallied as high as 1,298.

June 21, about S&P 1,298: The S&P triggered a bearish low-risk entry. The recommendation was to go short with a stop-loss at 1,299. If you enjoy more technical lingo, here is the original trade tip:

'The trade based on percentR is to go short with a stop-loss (based on closing prices) at today's high (1,297.62). Because of the close proximity to the Fib level at 1,298.5, let's put the stop-loss at 1,299.'

Leading up to Bernanke's speech, the S&P traded as high as 1,298.61 and faded away.

June 22, about new lows: 'There is only one support level between yesterday's close and the 200-day SMA at 1,262. If the market is going to drop that far, it will probably take out the 1,259 low and minimally test the 1,255 Fibonacci support or the 1,250 trend line.'

Cotton Candy or the Real Deal

There is no doubt that QE2 has altered the performance of stocks (NYSEArca: IVV - News) and commodities (NYSEArca: DBC - News). The absence of QE2 will probably alter their performance as well.

But I don't use the cotton candy-like analysis provided by Mr. Bernanke or Wall Street. Listening to the market has proved far more effective…’

UPDATE 1-High yield bond funds suffer record outflow-Lipperat Reuters

China data show almost flat growth: HSBC 23 June 2011 China’s manufacturing activity eases in June to its slowest rate of expansion in 11 months, barely above ...

AAII Survey: Has The Economy Merely Slowed Or Are We At Risk Of Double-Dip Recession? at Forbes 

AAII Sentiment Survey: Do Investors See a Double Dip Recession? Wall St. Cheat Sheet June 23, 2011 Bullish sentiment , expectations that stock prices will rise over the next six months, jumped 8.5 percentage points to 37.5% in the latest AAII Sentiment Survey. This is an eight-week high for optimism that stock prices will rise over the next six months. It is also, however, the 10th consecutive week that bullish sentiment has been below its historical average of 39%.

Neutral sentiment , expectations that stock prices will stay essentially flat over the next six months, declined 1.4 percentage points to 26.8%. The historical average is 31%.

Bearish sentiment , expectations that stock prices will fall over the next six months, dropped 7.0 percentage points to 35.7%. This is a three-week low for pessism. Nonetheless, bearish sentiment is above its historical average for the 17th time in 18 weeks.

An end to the market’s six-week losing streak gave individual investors hope that stock prices are stabilizing. Even with the improvement in sentiment, pessimism remains high and is above average for the longest period of time in approximately a year. (Bearish sentiment never dipped below 30% during the 18-week period of from May 13 to September 9, 2010.) The failure of Washington to reach an agreement on the debt ceiling and the slow pace of economic growth remain key concerns for individual investors.

This week’s special question asked AAII members if the economy has merely slowed or if the risks of a double-dip recession have increased significantly. Approximately two-thirds of respondents said the economy has slowed, but will not fall into a double-dip recession. One-third said the risks of a double-dip recession have increased.

Here is a sampling of the responses:

• “The economy has only slowed—it would take another economic shock to take us back into a recession.”
• “The economy has merely slowed, in part due to Washington’s wrangling. Resolve the debt ceiling so we can move on.”
• “The risk of another recession has increased, but I believe there is still less than a 50% chance of it occurring in the next 12 months.”
• “The risks of a double-dip recession have significantly increased. The government does not know how to fix the economy.”
• “However the recession is described, the economy cannot recover until millions of decent paying jobs are created.”

This week’s AAII Sentiment Survey results

• Bullish: 37.5%, up 8.5 percentage points
• Neutral: 26.8%, down 1.4 percentage points
• Bearish: 35.7%, down 7.0 percentage points

Historical Averages

• Bullish: 39%
• Neutral: 31%
• Bearish: 30%

Charles Rotblut is the author of the new book Better Good than Lucky: How Savvy Investors Create Fortune with the Risk-Reward Ratio. The AAII Sentiment Survey has been conducted weekly since July 1987 and asks AAII members whether they think stock prices will rise, remain essentially flat, or fall over the next six months. The survey period runs from Thursday (12:01 a.m.) to Wednesday (11:59 p.m.). The survey and its results are available online at http://www.aaii.com/sentimentsurvey ‘

Asian stocks pressured after Fed outlook

Top 3 Reasons Markets Fell After Bernanke’s News Conference Minyanville's T3 Daily Recap: Market Slumps as FOMC Votes to End QE2, Lower GDP Estimates T3Live.com Jun 22, 2011 ‘The market was unable to build on yesterday's strong oversold bounce, turning lower in the afternoon after Ben Bernanke's Fed policy press conference. The FOMC voted unanimously to end the $600 bond buying package famously dubbed QE2, and maintained the same "extended period" language in regards to keeping rates low. Perhaps the curveball that concerned investors was a downward revision of GDP growth forecasts, which come as a result of the slower than expected economic recovery. Several leading stocks from yesterday were able to push higher early, but most put in nasty tails that could signal some downside or choppy action to come in the immediate future. Amazon.com, Inc. (AMZN) was actually weak from the get-go, falling back down into its 50-day moving average. Apple Inc. (AAPL) was strong in the first half hour but quickly turned down, depriving the market of its leader. [I like apple (the first computer I ever bought) and was rooting for them (not just because wintel based pc’s are so pathetic) and glad they survived; but, apple / apple products are significantly over-priced and over-valued which is the purblind sizzle fraudulent wall street loves and sells, as in the last few crashes.] The ags got hit as wheat and corn were down again. Precious metals lost momentum as the Fed, for the time being, ended their inflationary asset buying program. Expect some digestion and choppy action in the coming days, especially ahead of Friday's Greece vote, where the market will hope the troubled country can pass the latest round of austerity measures.’

Is The Bull Market Over? [ Short answer, Yes! ] at Forbes William Scott O'Neil ‘On May 23, I posted an article on Intelligent Investing titled Is the Bull Market Topping? Since then I’ve continued to interpret the facts and market action. Amidst persistent choppy gains and losses, I’m further convinced of a downtrend.

In our shop, however, we never dig in our heels when it comes to the stock market; we remain flexible in our thinking. Quite frankly, I would love to have the market prove me wrong and resume a meaningful uptrend. Remember, there is never really a bull or bear side, just the right side.

However, my big concern at this point is the lack of a catalyst. For the risk-reward ratio to improve in our favor, I believe we need resolution on some of the more pressing domestic and international issues. Some of the most respected minds in the market have recently told me that, in all their years in the industry, they have never seen so many major issues happening across the world at the same time.

Certainly meaningful job growth in this country would help. And the way to grow jobs is through the creation and expansion of businesses, particularly small businesses. Small business creates roughly 85% of all jobs in this country. We also have to implement an effective solution to the real estate housing glut.

Studying the recovery phase of the last seven major bear markets (those down 45% or more, peak to trough), the average gain in year three was 3%. We are now in year three. So, to me, the best-case scenario right now is a continuation of a sideways, back-and-forth, volatile market, which is the most dangerous type.

A choppy market is much more dangerous than a down trending market (assuming the investor uses selling rules). Thus my interpretation of the risk-reward at this time is very, very poor.

We will inevitably get several short-term bounces, but will they be significant enough to build substantial positions over time?’ [ Short answer, No! ]

Crumbling Cuba Offers Economic Advice to White House at Minyanville [ The irony here is so obvious that I’ve not even wasted space. Communism is such a total fraud, where ‘everybody’s equal except some bureaucrats / party-members are ‘more equal’ than others’. Yet, pervasively corrupt, defacto bankrupt america is no longer the antithesis of said failed ideology, but rather also now a failed regime on similar theme where bureaucrats / party-members and those connected, financially or otherwise, to them are ‘more equal’ than others’. As for the pictures, you can find plenty just like them right here in the ‘good ole u.s. of a.’

Infographic: Some People Call it Groupon, Some Call it "Grouponzi" Minyanville Staff June 22, 2011 ‘A game-changing Minyanville article about Groupon's business model was part of the inspiration behind this clever infographic. [ ‘It is a well done graphic which you can check out here by clicking’ ]

Jim Cramer Hitting His Most Bearish Notes at Forbes Heather Struck [ As I’ve previously been saying, yes this is a secular bear market!

Retirement As We Know it Is “Dead”: EuroPacific’s Pento The Daily Ticker [ States face shortfall for retirees (WP) Public workers’ retirement funds had a gap of $1.26 trillion at the end of fiscal 2009 … And that’s just the part of the public sector that’s on the radar owing to budget scrutiny … the reality is much worse across the board! ]

‘We now have more idle men, women than at any time since Great Depression’ Mortimer B. Zuckerman | The Great Recession has now earned the dubious right of being compared to the Great Depression.

Internal IMF Audit Finds Bailout Fund Has Zero Credibility Zero Hedge | The observation that the IMF has no credibility whatsoever has been well known for a long time by all market skeptics.

Wall Street made out on QE2, Main Street lost Brett Arends | Federal Reserve’s $600 billion program of “quantitative easing” has been great for Wall Street.

Fed freezes policy despite slow US economy AFP | The Federal Reserve left monetary policy in neutral as it slashed US economic growth estimates.

Jobless claims rise more than expected Reuters | Little improvement in the labor market this month after employment stumbled in May.

Greeks Turn Savings To Gold Gold Core | Greek citizens are emptying savings accounts and buying gold as they brace themselves for the possibility of a sovereign default and a run on the banks.

Jobless Claims in U.S. Rise More Than Expected More Americans than forecast filed first-time claims for unemployment insurance payments last week, showing companies are less confident about the expansion than they were earlier this year.

Bernanke Is Either Not Very Bright or Not Very Honest. He Admits He Doesn’t Know Why We Have a Weak Economy … But He’s the One Who Weakened It It is obvious to anyone who has been paying attention what’s causing the slow down, and if Mr. Bernanke doesn’t know, he should be fired.

Chance Didnt Create The Current Economic Crisis What the world is experiencing today did not happen by chance, it was planned that way.

Another Exchange Halts Levered OTC Gold And Silver Trading Last week it was Forex.com, now it is Oanda. As a reminder “Forex.com, a large retail foreign-exchange operation, on Friday told clients it will discontinue its gold and silver over-the-counter products marketed to retail investors who are U.S. residents.

Fed: Economy has lost momentum Central bank says it will keep interest rates near zero to prop up growth, let bond program expire. (Washington Post) [ Reality bites … just wait till it really does … lost momentum? … sure could have fooled us, Drudgereport: Zuckerman: 'We now have more idle men, women than at any time since Great Depression'...
Bernanke speaks, stocks sink...
FORBES: 'Admits he's clueless'...
TEMPLETON chairman: Financial Crisis 'Around Corner'...
'WE ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...'
CHINA: USA 'ALREADY DEFAULTING'...

FARRAKHAN: 'THAT'S A MURDERER IN THE WHITE HOUSE'...
THE NEW 'NORMAL'
GALLUP PLUNGE...
Approval -4, disapproval +5 -- in one day!
DEM FIX: MORE SPENDING!
CBO: Long-Term Debt Picture Worsens...
Would reach 101% of GDP by 2021...
STUDY: State, local gov'ts must raise taxes $1,400 a year for 30 years to fund pensions...

Millionaires shrug off downturn; Wealthy richer than before crisis...

… must be using micrometers to measure the difference, and at what cost for the head fake / obfuscation, and with much worse to come, let’s all now in unison get real : Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! The previous so-called (4 day) ‘rally’ was based on b***s*** alone to keep the suckers suckered and for ‘smarter money ‘ along with the frauds to sell into. This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Selling In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart. Wall Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press” climaxed Sunday  with a startling market prognostication from David Brooks, conservative columnist for the NY Times. The risk of a debt default over the combustible issue of the Medicare deficit hangs over the course of the stock market. Buyers Beware!“I was up in Wall Street  this week,” Brooks said. “They’re vastly underestimating the source of piolitical risk here. We could have a major problem, I think, either this summer or the next couple years. And I’d be worried about investing too much in the market. That’s my financial advice.”…’ Another Financial Crisis Is On The Way, Mobius Says STOCKS HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline..’ ] States face shortfall for retirees (WP) Public workers’ retirement funds had a gap of $1.26 trillion at the end of fiscal 2009 Study: Affordable rentals scarce (WP) Poll: For Obama, low marks on Afghan war (WP) More Americans disapprove of President Obama’s management of the war in Afghanistan than support it Fuel prices cut into Obama popularity (WP) They’ve used the contrived mideast turmoil and their wars to obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘

ECONOMIC CRISIS ARCHIVE

National / World

Obama’s Drawdown Speech: More Orwellian Lies Kurt Nimmo | The U.S. government has no intention of ending the war and bringing home all of the troops.

Traitorous Greek Government Accepts IMF Debt Slave Package Greeks seething after two years of belt-tightening reacted in anger Thursday against a new round of tax rises and spending cuts worth some 3.8 billion euros which they said would again hit honest taxpayers hardest.

Is Alex Jones blocked in Greece? Infowars | Infowars.com has received numerous reports that our family of websites are being blocked in Greece during this critical time of debt crisis coverage.

TSA Set To Take Legal Action Against Texas Groping Ban Paul Joseph Watson | Bill that would criminalize invasive pat downs set for hearing on Friday.

TSA Lies About Policy “Change” On Child Pat Downs Steve Watson | “New” Child Pat-Down Policy Was Already Announced 8 Months Ago, Was Repeatedly Violated.

British and French Operatives Assigned to Hunt Gaddafi Down and Kill Him Kurt Nimmo | Orders given by Mafia dons Cameron and Sarkozy.

World War III Defined: Wider War Unfolding in Middle East Infowars | It’s time to identify the unfolding Middle East crisis for what it is– a wider world war.

New Study Finds Direct Link Between Vaccines and Infant Mortality Paul Joseph Watson | United States, which administers highest number of vaccines in developed world, also has highest number of infant deaths in developed world.

Chance Didn’t Create The Current Economic Crisis Bob Chapman | What the world is experiencing today did not happen by chance, it was planned that way.

Parties at odds on debt reduction Congressional leaders from both parties make new and competing demands in exchange for their votes to raise the nation’s debt limit. (Washington Post) [ Oh, riiiiight! That ‘cute, oft-referenced horse trading’ that goes down on capital hill. How adorable these lovable slugs are as we wait expectantly for someone in ‘Bill Murray-like fashion’ (SNL, Stripes, Meatballs, Caddyshack, Ghostbusters, etc.) to chime in with a shrill comedic cry, ‘noogie time’, ‘noogies’… What a bunch of incompetent dopes. If they and theirs, all three branches, weren’t so venal and destructive, domestically and internationally, there would be less reason to be compelled to chastise them; but clearly, they deserve every bit of criticism and cynicism one can muster. If it ever was (I’m not amused http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm

), their ‘old ways’ certainly aren’t cute, cool, or appropriate. Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Wall Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press” climaxed Sunday  with a startling market prognostication from David Brooks, conservative columnist for the NY Times. The risk of a debt default over the combustible issue of the Medicare deficit hangs over the course of the stock market. Buyers Beware!“I was up in Wall Street  this week,” Brooks said. “They’re vastly underestimating the source of piolitical risk here. We could have a major problem, I think, either this summer or the next couple years. And I’d be worried about investing too much in the market. That’s my financial advice.”…’ Another Financial Crisis Is On The Way, Mobius Says STOCKS HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline..’ ] States face shortfall for retirees (WP) Public workers’ retirement funds had a gap of $1.26 trillion at the end of fiscal Sen. Conrad: $2 trillion not enough Democratic chairman of budget committee is pushing for deeper cuts in any debt-reduction deal. Lawmakers fear time is running out to slice $2 trillion from the budget In six weeks, negotiators must strike a bipartisan compromise and persuade a bitterly divided Congress to support it. (Washington Post) [ Ah, there you have it. That nebulous, ‘fudgeable’, over a period of time thing … ‘$4 trillion in savings by 2021 to avoid a debt crisis. Others view $2 trillion as impossibly ambitious...more borrowing authority for a nation already mired in red ink.’…Some have been less than optimistic in their prognosis Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ America’s shine is wearing off I know why we are falling into a cataclysm of debt and can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious freedom, freedom generally did they come to these shores. A rare exception to the influx of immigrants to this young nation who turned out to be more a virus to the indigenous peoples of this land than what could have been expected from those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those so positioned abroad would have represented a positive addition to the gene pool which, borrowing from an insurance term, viz., adverse selection, springs forth the notion of inevitability to the genocide of the indigenous populations while guaranteeing the decline we see throughout this foundering nation. The effects of these negative predispositions toward inherent criminality is certainly being felt globally as well as domestically and has little to recommend it. My own direct experience with the region(s) (particularly new jersey, new york, virginia, connecticut, california) carves out no exception for the prevalence of the worst of human nature; which is now collectively and pervasively americana. Report: SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm

Shock Poll: Only 3 in 10 Will Vote For Obama Americans are growing more dissatisfied with President Barack Obama’s handling of the economy and say it will be hard to vote to re-elect him without seeing significant progress over the next year and a half.

Obama versus Osama: guess who the Egyptians prefer? Even Osama Bin Laden, the late al Qaeda leader, was more popular this year, with a 21 percent favorability ranking.

Minister Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15, 2011 Press Conference at the UN Plaza Hotel.

Oil Price Tumbles After Reserves Release Oil prices tumbled after Western nations surprised the market, releasing the biggest amount of oil from their emergency strategic stocks since 1991, in a calculated shot across the bows of Opec, the oil producers’ cartel.

A Sinister Cyber-Surveillance Scheme Exposed The programme appears to allow for the large-scale monitoring of social networks by way of such things as natural language processing, semantic analysis, latent semantic indexing and IT intrusion.

Afghan Troop Withdrawal Is ‘No Change In Plans’ From Obama “This is only to draw down the extra troops that President Obama sent in when we last heard from him on this subject in December 2009. This is just drawing down the surge.”

Milbank: Obama’s ‘mission accomplished’ (Washington Post) [ Wow! Up until the last three paragraphs there seemed to be a semblance of hope for wobama apologist and obamanoid Mr. Milbank as one could detect ever so slightly that tinge of realism coupled with traces of both sarcasm and cynicism. Then, wham, from out of the blue, true to form there he was in wobama’s corner and sharing that one-way ticket to palookaville. Yes; wobama the b (for b***s***) is all that … bad. The worst president since … dumbya bush, who was the worst president since … the ‘c’ man, who was the worst president since … ‘poppy the sailor man’, who was the worst president since … you get the picture. Failed all, from bad to equally bad or worse, the story of a nation in the throws of decline and fall. Come on! There isn’t anything in this world more empty, meaningless, and worthless than words from wobama the b (for b***s***).… Obama adopts the Bush Doctrine The May 19 Middle East speech, annotated. (Washington Post) [ Yeah! Two nut cases; two failed presidents. The latest case of U.S. paranoia (Los Angeles Times) [ Yeah! This really needs to be said; particularly when you take into account the reality, that while plentiful, american laws are all but meaningless, arbitrarily enforced at best, and ‘federales’ and their supporters (more commonly called bribes, one way or form or another) invariably the worst offenders. Though having but 5% of the world’s population, u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:

America’s shine is wearing off I know why we are falling into a cataclysm of debt and can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious freedom, freedom generally did they come to these shores. A rare exception to the influx of immigrants to this young nation who turned out to be more a virus to the indigenous peoples of this land than what could have been expected from those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those so positioned abroad would have represented a positive addition to the gene pool which, borrowing from an insurance term, viz., adverse selection, springs forth the notion of inevitability to the genocide of the indigenous populations while guaranteeing the decline we see throughout this foundering nation. The effects of these negative predispositions toward inherent criminality is certainly being felt globally as well as domestically and has little to recommend it. My own direct experience with the region(s) (particularly new jersey, new york, virginia, connecticut, california) carves out no exception for the prevalence of the worst of human nature..

THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Behind the scenes of Obama’s speech (Washington Post) [ If only he could stutter; he’d at least then be oscar worthy. Behind the scenes a puppeteer named ….. Mr. Teleprompter. See … all that useless, mind-numbing technology does come in handy every once in a while. And, if we’re able to attach them to one another; yup, we’ve got ourselves a cyborg. Such a brave new world we’re living in. No longer will man be blamed for his inhumanity to fellow man. Yes, blame it on the cyborg ‘who made them do it’. Ah yes, steel and flesh, perfect together; like guns and butter, ebony and ivory (did they really make you use the back door to the whitehouse sir paul), oil and vinegar, etc.. Pentagon renovation now complete Constructing the building took just 17 months during WWII. The $4.5 billion renovation of the building, however, has gone on for 17 years -- so long that the first parts completed are showing their age. (Washington Post) [ Well, it takes time to help bankrupt a nation and this is but a symbolic representation of their role in same; and so little time in creating new destructive, self-destructive wars. Editorial: US in quagmire War in Afghanistan and Iraq costs America $1trillion Though having but 5% of the world’s population, u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Wall Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press Another Financial Crisis Is On The Way, Mobius Says STOCKS HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline.. They’ve used the contrived mideast turmoil and their wars to obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘

Focus Is on Obama as Tensions Soar Across Mideast (NYT) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall. .. Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc.;more specifically, diversion of the masses from the glaring failures, economic and otherwise.

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Nuclear experts killed in Russia plane crash helped design Iran facility The five Russian scientists were among 44 killed earlier this week; no official investigation of foul play has been opened, though Iranian nuclear experts have in the past been involved in similar accidents.

Babies born to ethnic minorities outnumber number of white toddlers for first time in U.S. history Ethnic minorities now make up the majority of babies in the United States, official figures revealed today.

Al Gore branches out into population control theory Not content to make a fool of himself confusing weather and climate, Al has now decided to lecture women on how to reduce the population for the benefit of the planet.

Fukushima ‘still a ticking time bomb’ Famed physicist Michio Kaku says Japanese officials still don’t have control of the Fukushima Daiichi nuclear disaster.

Obama: Time for ‘nation building’ at home ‘Surge’ troops to be ordered home Departure plan will remove 33,000 troops faster than Obama’s commanders requested but more slowly than many of his political allies would like. (Washington Post) [ Well, in a certain sense he’s chronologically correct … finish the job of destruction at home … yeah … it’s true … they haven’t the slightest idea what they’re doing and no matter what or where, pervasively corrupt, defacto bankrupt america’s touch is an invariably destructive, negative touch (‘nation building’ the coy, euphemistic phrase for what is in fact ‘nation destroying’, regardless of spin, propaganda, and outright lies). Obama’s task: Keep support for Afghan war The president’s prime-time address on plans to gradually withdraw troops must remind a skeptical electorate and a concerned Congress that the country’s longest war remains worth fighting — and funding. (Washington Post) [ Obama’s task? Support for this nation’s self-bankrupting Afghan (among other) war(s)? Geeh! Silly me! And all the while I thought wobama’s task was to bring to fruition all those laudable campaign promises; viz., jobs / economy not wars, prosecution of the frauds on wall street responsible for the crisis, etc.. What a total fraud wobama is. Obama’s semantics draw criticism on Libya (Washington Post) [ Semantics? If it were only wobama’s semantics that drew criticism. But, one must concede that when fellow black Farrakhan is weighing in thusly: Drudgereport: FARRAKHAN: 'THAT'S A MURDERER IN THE WHITE HOUSE'... Minister Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15, 2011 Press Conference at the UN Plaza Hotel. (I wonder what Chinese mascot ‘the black mamba’ has to say ‘The Chinese people's love of american basketball star Kobe Bryant’…Kobe Bryant China The Kobe dynasty - Los Angeles TimesAug 20, 2008 ... Beijing It's Kobe's team, in China, anyway… Sprite China: Kobe Bryant & Jay Chou Music Video – Advertising ... Feb 23, 2011 ... Sprite China has paired up NBA Star Kobe Bryant of the LA Lakers … who has supplanted their own ’yellow / red bamba’; viz., Yao Ming.), wobama’s really got problems (you know, that unflinchingly loyal 18%). Yet, no one can say the wobama / holder approach is devoid of racism. Sen. Conrad: $2 trillion not enough Democratic chairman of budget committee is pushing for deeper cuts in any debt-reduction deal. Lawmakers fear time is running out to slice $2 trillion from the budget In six weeks, negotiators must strike a bipartisan compromise and persuade a bitterly divided Congress to support it. (Washington Post) [ Ah, there you have it. That nebulous, ‘fudgeable’, over a period of time thing … ‘$4 trillion in savings by 2021 to avoid a debt crisis. Others view $2 trillion as impossibly ambitious...more borrowing authority for a nation already mired in red ink.’…Some have been less than optimistic in their prognosis Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ America’s shine is wearing off I know why we are falling into a cataclysm of debt and can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious freedom, freedom generally did they come to these shores. A rare exception to the influx of immigrants to this young nation who turned out to be more a virus to the indigenous peoples of this land than what could have been expected from those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those so positioned abroad would have represented a positive addition to the gene pool which, borrowing from an insurance term, viz., adverse selection, springs forth the notion of inevitability to the genocide of the indigenous populations while guaranteeing the decline we see throughout this foundering nation. The effects of these negative predispositions toward inherent criminality is certainly being felt globally as well as domestically and has little to recommend it. My own direct experience with the region(s) (particularly new jersey, new york, virginia, connecticut, california) carves out no exception for the prevalence of the worst of human nature; which is now collectively and pervasively americana. Report: SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

Focus Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs, extinction, at least in a manner of speaking. Global information exchange at lightning speed has made such throwbacks to a lost era, propaganda, and maladaptive traits foolish at best, deadly at worst. Intelligent people worldwide aren’t buying the obsolete, Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc.; more specifically, diversion of the masses from the glaring failures of leadership, economic and otherwise.

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Drudgereport: TEMPLETON chairman: Financial Crisis 'Around Corner'...
'WE ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...'
CHINA: USA 'ALREADY DEFAULTING'...

JOBLESS WEAK: 429,000...
...disappointed
Economic trouble puzzles Fed chief...

FARRAKHAN: 'THAT'S A MURDERER IN THE WHITE HOUSE'...
THE NEW 'NORMAL'
GALLUP PLUNGE...
Approval -4, disapproval +5 -- in one day!

DOWN TO THIRD: USA 'TO FALL BEHIND INDIA' IN TRADE...
DEM FIX: MORE SPENDING!
Bernanke speaks, stocks sink...
FORBES: 'Admits he's clueless'...

CBO: Long-Term Debt Picture Worsens...
Would reach 101% of GDP by 2021...
STUDY: State, local gov'ts must raise taxes $1,400 a year for 30 years to fund pensions...

Millionaires shrug off downturn; Wealthy richer than before crisis...

Zuckerman: 'We now have more idle men, women than at any time since Great Depression'...

SHOCK POLL: ONLY 3 in 10 WILL VOTE FOR OBAMA...
66% say US headed in 'wrong direction'...

Greece Agrees on New Austerity Plan With EU, IMF...
ANGER IN ATHENS...
'BLACK HOLE'...

WH TRANSCRIPT: 'Over the last 15 months we’ve created over 2.1 million private sector jobs. (Laughter.)'...

REPORT: GANNETT to slash more jobs across the country… [ No surprise here for this pathetic shill, rag publisher. The only real newspaper consistent with a tradition of courage, excellence, and respect for the first amendment is The Washington Post …] ...

DEBT TALKS BREAKDOWN; TAX BUST

S&P: Risk of U.S. credit rating downgrade increased...

Chicago county faces $108 billion gap in pensions....

Greek Streets 'Explosive'...
PM wins confidence vote 'but outlook remains dire'...

Huntsman announces presidential bid at Statue of Liberty...
Harry Reid endorses...
Bachmann surges to primary lead...

Iraq hunting $17 billion missing after U.S. invasion...
NATO NIGHTMARE: 9 CIVILIANS KILLED [NATO strike kills 15 Libyan civilians]

Census: Whites lose majority among babies...
German Giant Says US Workers Lack Skills...
PAPER: AMERICA'S LOST DECADE?
States look to Internet taxes to close budget gaps...

SPANIARDS ON MARCH OVER BLEAK PROSPECTS...

House will move this week to limit funding for effort in Libya...

'DON'T BE SURPRISED IF ATHENS GOES UP IN FLAMES'...
GREEK PM PLEADS FOR UNITY!
...warns against default
Threat to downgrade Italian debt raises contagion fears...
Princess Diana Conspiracy Movie Headed to Theaters... [ Uh, oh! Time to gear up the already harsh ‘censors’ in england. ]

PAPER: AMERICA'S LOST DECADE?

Bachmann: Obama 'has failed' blacks, Hispanics... [ Come on! ‘Wobama the b’ (for b***s*** has failed everyone. ]
Presidential no-show miffs Hispanics...
African-American unemployment at 16%... [ But there’s rationality in this stat as people avoid their disgustingly uncivilized noisy rap ‘boomboxes’. Then there’s the attitude. I truly believe from direct experience that even when their outright aggression, assaults on persons and the senses, and otherwise obnoxious behavior is not apposite, the personality disorder ‘passive / aggressive’ is applicable, however indirectly expressed. ]

SHE'S OFF! (on the road again) Michelle Obama embarks on Africa visit … (stay there!) ...
Princess Diana Conspiracy Movie Headed to Theaters... [ Uh, oh! Orwellian england’s censors on high alert! ] [ British queen arrives in Ireland Queen Elizabeth II’s visit overshadowed by security scares. (Washington Post) [ ‘How sweet she is’ … that ‘sweet liz’ … that is … Diana film causes stir at Cannes “Unlawful Killing” has a combination of celebrity, controversy and canny hype-mongering. (Washington Post) [ Let’s not kid ourselves … and, Dodi Fayed’s father was no dope and knew the score. Indeed, it’s not coincidental that William’s the over-riding favorite of granny Liz II; after all, Harry’s the bastard son of Hewitt (don’t buy into their DNA proffer which they did buy – you know, that ‘bloodline thing’). Moreover, it was reported that Diana had another ‘potential challenger in the oven’ at the time of her death and we all know how dicey such english affairs of state can be (ie., Henry VIII, Richard III, etc.). Then there’s the contempt of Diana for having brought the son of her bosom, Chas, down. Do I think she said flat out ‘kill Diana’. No … more of a ‘do what’s necessary’ to mi6 et als. Ultimately, William will require some substantial therapy to sort out this looming conflict. After all, Diana was his mother. Drudgereport: British woman decapitated in grocery store; killer flees with head... Cannes: Diana doc slams UK royals as 'gangsters'... ]

Losing Another Decade Bill Bonner ‘Great Speculations Buys, holds, and hopes An article in The Financial Times tells Americans they may face a “lost decade,” like the Japanese in the ’90s…Energy use in the US peaked in 1997. Real US GDP peaked a few years later. Since then, it’s been downhill for the economy.From memory…US GPD didn’t hit 10 trillion dollars until about 2000. Now, it’s about $14 trillion. Nice growth, huh? But wait. We know that a lot of that was phony, debt-fueled growth. It was phony because it raised living standards to a level that people couldn’t really afford. Or to look at it another way, it drew on earnings that hadn’t happened yet…and maybe never would. But how much of that $4 trillion worth of GDP is real and how much is phony? We don’t know. But we note that the federal deficit is about $1.5 trillion, which is as phony as a $3 bill. Subtract that and you have a gain of $3.5 trillion over 10 years…or about $350 billion per year.Let’s see, adjust that for population growth. Subtract phony private sector debt-fueled growth too. And properly adjust for inflation. What do you get? You get a lost decade. Another Lost Decade by Bill Bonner originally appeared in the Daily Reckoning.’

Federal Tax Receipts Show Economy Grinding to a Halt

China data show almost flat growth: HSBC 23 June 2011 China’s manufacturing activity eases in June to its slowest rate of expansion in 11 months, barely above ...

Asian stocks pressured after Fed outlook

Top 3 Reasons Markets Fell After Bernanke’s News Conference Minyanville's T3 Daily Recap: Market Slumps as FOMC Votes to End QE2, Lower GDP Estimates T3Live.com Jun 22, 2011 ‘The market was unable to build on yesterday's strong oversold bounce, turning lower in the afternoon after Ben Bernanke's Fed policy press conference. The FOMC voted unanimously to end the $600 bond buying package famously dubbed QE2, and maintained the same "extended period" language in regards to keeping rates low. Perhaps the curveball that concerned investors was a downward revision of GDP growth forecasts, which come as a result of the slower than expected economic recovery. Several leading stocks from yesterday were able to push higher early, but most put in nasty tails that could signal some downside or choppy action to come in the immediate future. Amazon.com, Inc. (AMZN) was actually weak from the get-go, falling back down into its 50-day moving average. Apple Inc. (AAPL) was strong in the first half hour but quickly turned down, depriving the market of its leader. [I like apple (the first computer I ever bought) and was rooting for them (not just because wintel based pc’s are so pathetic) and glad they survived; but, apple / apple products are significantly over-priced and over-valued which is the purblind sizzle fraudulent wall street loves and sells, as in the last few crashes.] The ags got hit as wheat and corn were down again. Precious metals lost momentum as the Fed, for the time being, ended their inflationary asset buying program. Expect some digestion and choppy action in the coming days, especially ahead of Friday's Greece vote, where the market will hope the troubled country can pass the latest round of austerity measures.’

Is The Bull Market Over? [ Short answer, Yes! ] at Forbes William Scott O'Neil ‘On May 23, I posted an article on Intelligent Investing titled Is the Bull Market Topping? Since then I’ve continued to interpret the facts and market action. Amidst persistent choppy gains and losses, I’m further convinced of a downtrend.

In our shop, however, we never dig in our heels when it comes to the stock market; we remain flexible in our thinking. Quite frankly, I would love to have the market prove me wrong and resume a meaningful uptrend. Remember, there is never really a bull or bear side, just the right side.

However, my big concern at this point is the lack of a catalyst. For the risk-reward ratio to improve in our favor, I believe we need resolution on some of the more pressing domestic and international issues. Some of the most respected minds in the market have recently told me that, in all their years in the industry, they have never seen so many major issues happening across the world at the same time.

Certainly meaningful job growth in this country would help. And the way to grow jobs is through the creation and expansion of businesses, particularly small businesses. Small business creates roughly 85% of all jobs in this country. We also have to implement an effective solution to the real estate housing glut.

Studying the recovery phase of the last seven major bear markets (those down 45% or more, peak to trough), the average gain in year three was 3%. We are now in year three. So, to me, the best-case scenario right now is a continuation of a sideways, back-and-forth, volatile market, which is the most dangerous type.

A choppy market is much more dangerous than a down trending market (assuming the investor uses selling rules). Thus my interpretation of the risk-reward at this time is very, very poor.

We will inevitably get several short-term bounces, but will they be significant enough to build substantial positions over time?’ [ Short answer, No! ]

Crumbling Cuba Offers Economic Advice to White House at Minyanville [ The irony here is so obvious that I’ve not even wasted space. Communism is such a total fraud, where ‘everybody’s equal except some bureaucrats / party-members are ‘more equal’ than others’. Yet, pervasively corrupt, defacto bankrupt america is no longer the antithesis of said failed ideology, but rather also now a failed regime on similar theme where bureaucrats / party-members and those connected, financially or otherwise, to them are ‘more equal’ than others’. As for the pictures, you can find plenty just like them right here in the ‘good ole u.s. of a.’

Infographic: Some People Call it Groupon, Some Call it "Grouponzi" Minyanville Staff June 22, 2011 ‘A game-changing Minyanville article about Groupon's business model was part of the inspiration behind this clever infographic. [ ‘It is a well done graphic which you can check out here by clicking’ ]

Jim Cramer Hitting His Most Bearish Notes at Forbes Heather Struck [ As I’ve previously been saying, yes this is a secular bear market! ] ’ CNBC stock-picker Jim Cramer made his second-annual appearance at the E Trade Financial investor forum in New York Wednesday morning. Anyone on less than their first cup of coffee probably wouldn’t have had the mettle to keep up with Cramer’s 9:45 a.m. talk, but there was plenty for the bullish advisor to rant about this year. Among Cramer’s major complaints – good stock prices are just too darn high for such a seemingly bearish period.

Cramer’s remarks followed comments by chief investment strategist of equity research at Standard & Poor’s Sam Stovall, in which he said volatility and a bear market are both here to stay. “We are moving into a secular bear market with cyclical bulls,” he said. The rows of E Trade investors attending the presentation in the New York Hilton ballroom were told over and over again that if they are willing to get comfortable with the external risks such as inflation in China, a destabilized European economy, fluctuating oil prices and no real job growth in the U.S., then they may be able to come to terms with the the very un-robust stock market that exists today. What that means is investors can use periods of price declines as buying opportunities.

Cramer echoed these points by calling out the reasons he is unhappy with today’s stock market. “I’m not a fan,” he said, calling it at times tough, brutal, mean, and angry. Still, markets are going through a period of ennui, not despair, he said.

It is ennui that leads investors to pour into tech IPOs like Pandora and LinkedIn at levels that reminded everyone of the last tech bubble? Perhaps. Cramer likes stocks that have strong market shares and earnings growth potential when the economy shows signs of picking up, which is nothing new to standard value investors. However, he also likes using gold bullion and the SPDR Gold Trust ETF (GLD) because “gold acts like a currency,” Cramer says. When he is listing a gold trust in his top ten stock picks, it is probably safe to say Cramer is going through one of his own more bearish streaks.

The stock market could still have a 3-5% pull-back, Cramer said, not trusting the recent 6-week losing streak to be the last bottom.  “There are actually a lot of times where I am not bullish, and this is one of them,” Cramer said. “I don’t expect a robust market. A retest of lows seems more likely.”

For the first time, investors are worrying about the budget outcome in Washington, D.C. as well, Cramer said. Where a debate in Congress over the necessity of raising the federal debt ceiling is a symbol of the worsening faith that investors have in U.S. debt. “We want to see fundamental change,” Cramer said. “Without it we will always have one foot out the door of the stock market.”...’

Retirement As We Know it Is “Dead”: EuroPacific’s Pento The Daily Ticker [ States face shortfall for retirees (WP) Public workers’ retirement funds had a gap of $1.26 trillion at the end of fiscal 2009 … And that’s just the part of the public sector that’s on the radar owing to budget scrutiny … the reality is much worse across the board! ]

Greeks Turn Savings To Gold Gold Core | Greek citizens are emptying savings accounts and buying gold as they brace themselves for the possibility of a sovereign default and a run on the banks.

‘We now have more idle men, women than at any time since Great Depression’ Mortimer B. Zuckerman | The Great Recession has now earned the dubious right of being compared to the Great Depression.

Internal IMF Audit Finds Bailout Fund Has Zero Credibility Zero Hedge | The observation that the IMF has no credibility whatsoever has been well known for a long time by all market skeptics.

Greeks Turn Savings To Gold And Perth Mint Silver Coin Sales Surge To Record On Safe Haven Demand The Financial Times reports that “Greek citizens are emptying savings accounts and buying gold as they brace themselves for the possibility of a sovereign default and a run on the banks.”

Euro – a ‘collapsing prison’ for Greece and Co.? The Greek government has narrowly won a key vote of confidence, allowing the Prime Minister to continue his fight for more cuts.

Don’t Get the Greek Financial Crisis? Read This The Greek financial crisis has been the most important economic story of the year—but what it actually means can be lost in breathless talk of defaults and loan tranches.

Nigel Farage Explains Why Greece Must Be Allowed To Default On the day when the flawed euro experiment will get its first popular pseudo-referendum, it is only logical that prominent euroskeptic Nigel Farage would sound off on how he sees things for Greece, Europe and the currency union, and why he believes the current situation is nothing short of slavery.

Existing-home sales fall They join a long list of other economic indicators that have pointed to a soft spot in the recovery. (Washington Post) [ ‘Soft spot in the recovery … talk about euphemisms … then let’s talk about no real recovery, certainly when juxtaposed with those ‘illusory’ pre-election gains relative to unaffordable debt costs to make them appear. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Today’s so-called ‘rally’ is based on b***s*** alone to keep the suckers suckered and for ‘smarter money ‘ along with the frauds to sell into. This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Selling In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart. Wall Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press” climaxed Sunday  with a startling market prognostication from David Brooks, conservative columnist for the NY Times. The risk of a debt default over the combustible issue of the Medicare deficit hangs over the course of the stock market. Buyers Beware!“I was up in Wall Street  this week,” Brooks said. “They’re vastly underestimating the source of piolitical risk here. We could have a major problem, I think, either this summer or the next couple years. And I’d be worried about investing too much in the market. That’s my financial advice.”…’ Another Financial Crisis Is On The Way, Mobius Says STOCKS HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline..’ ] States face shortfall for retirees (WP) Public workers’ retirement funds had a gap of $1.26 trillion at the end of fiscal 2009 Study: Affordable rentals scarce (WP) Poll: For Obama, low marks on Afghan war (WP) More Americans disapprove of President Obama’s management of the war in Afghanistan than support it Fuel prices cut into Obama popularity (WP) They’ve used the contrived mideast turmoil and their wars to obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money--

National / World

Cop Trespasses, Arrests Woman for Taking Video Kurt Nimmo | You no longer have the right in Rochester and much of the rest of the country to stand on your own property and record the cops.

Libyan Rebels Impose Press Censorship Kurt Nimmo | Journalists are only allowed to use officially approved translators.

Rasmussen: NATO Will Continue Slaughter in Libya Paul Joseph Watson | Protecting civilians by killing civilians, but don’t call it a war. Even as Italy calls for an immediate cease fire, NATO Secretary-General Anders Rasmussen made it clear today that the slaughter in Libya will continue unabated, seemingly unmoved by images showing dead babies murdered as a result of a campaign sold on the justification of “protecting civilians”.

PNAC Cabal Warns Congress To Back Off Over Libya Steve Watson | Neocon group calls for increase in military action against Qaddafi. The chicken hawk neoconservatives that make up the Project For A New American Century cabal have written on open letter to House Republicans warning them not to reduce or cut funding for U.S. involvement in the military aggression against Libya or face becoming an ” irresolute” nation.

Corporate Offshoring Has Ruined Income and Employment Prospects for America Paul Craig Roberts | The offshored economy is the “New Economy.”

Fareed Zakaria: Dump the Constitution Kurt Nimmo | Zakaria is a top globalist minion and avowed enemy of the Constitution. CNN contributor Fareed Zakaria argues that the Constitution is outdated and its principles should be “debated and fixed” to conform with the modern era. He suggests “a set of amendments to modernize the Constitution for the 21st Century.”

Obama: The Baby Silencer Paul Joseph Watson | Dead toddlers cannot be dismissed as another Gaddafi propaganda stunt.

U.S. building virtual Internet as cyberattack testbed CNet | The U.S. is creating a virtual version of the Internet.

Turkish Actions To Trigger NATO Confrontation With Syria? Should a conflict erupt between Turkey and Syria on their border, NATO will be obligated under its Article 5 collective military assistance clause to enter the fray on Turkey’s side. Should NATO intend opening hostilities against Syria, no better pretext could be devised than that scenario.

America’s Latest Proposal To Deal With Its Insolvency And Pursue Stealth Dollar Devaluation: Change The CPI A few months ago we reported on Goldman’s proposal to change the definition of GDP to make the US economy appear to be growing faster than it really is.

Obama: The Baby Killer Obamanoids (yes they’re still out there) are eagerly circulating the following You Tube clip of the President silencing a crying baby by holding it in his arms. It’s just a shame that Obama has also proven adept at silencing babies in north Africa, by murdering them as part of his unconstitutional onslaught against Libya.

FBI Seizes Servers, Knocks Websites Offline The F.B.I. seized Web servers in a raid on a data center early Tuesday, causing several Web sites, including those run by the New York publisher Curbed Network, to go offline.

Shock Poll: Only 3 in 10 Will Vote For Obama Americans are growing more dissatisfied with President Barack Obama’s handling of the economy and say it will be hard to vote to re-elect him without seeing significant progress over the next year and a half.

Obama versus Osama: guess who the Egyptians prefer? Even Osama Bin Laden, the late al Qaeda leader, was more popular this year, with a 21 percent favorability ranking.

Minister Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15, 2011 Press Conference at the UN Plaza Hotel.

Al Gore branches out into population control theory Not content to make a fool of himself confusing weather and climate, Al has now decided to lecture women on how to reduce the population for the benefit of the planet.

Fukushima ‘still a ticking time bomb’ Famed physicist Michio Kaku says Japanese officials still don’t have control of the Fukushima Daiichi nuclear disaster.

Pentagon renovation now complete Constructing the building took just 17 months during WWII. The $4.5 billion renovation of the building, however, has gone on for 17 years -- so long that the first parts completed are showing their age. (Washington Post) [ Well, it takes time to help bankrupt a nation and this is but a symbolic representation of their role in same; and so little time in creating new destructive, self-destructive wars. Editorial: US in quagmire War in Afghanistan and Iraq costs America $1trillion Though having but 5% of the world’s population, u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Wall Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press Another Financial Crisis Is On The Way, Mobius Says STOCKS HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline.. They’ve used the contrived mideast turmoil and their wars to obfuscate and divert attention from their failure. Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘

Focus Is on Obama as Tensions Soar Across Mideast (NYT) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall. .. Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc.;more specifically, diversion of the masses from the glaring failures, economic and otherwise.

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Huntsman for oblivion 2012 His noble message isn’t a winning one. (Washington Post) [If only Mr. Huntsman had said he respects the office of the Presidency (though the occupiers of same have been unworthy for quite some time) as opposed to wobama himself, because of my well-deserved high regard for Utah, I’d be favorably disposed toward Mr. Huntsman. But, alas, another failed president like his progeny w and wobama, h.w.bush was also China ambassador, so hardly something to be grateful to wobama for so as to ignore reality. High roads, low roads, in pervasively corrupt, defacto bankrupt america they are distinctions without a significant difference, and invariably low by new definition consistent with the new reality. From Huntsman, a different view In announcing 2012 presidential bid, he includes a different take from his GOP rivals on President Obama. (Washington Post) [ I can only suspect this to be an attempt to take support (Mormon, Utah, midwest vote) from Romney. After all, Drudgereport(s): Harry Reid endorses Huntsman... . And, I believe Mr. Milktoast’s sincerity. What’s up with that? … Obama adopts the Bush Doctrine The May 19 Middle East speech, annotated. (Washington Post) [ Yeah! Two nut cases; two failed presidents. The latest case of U.S. paranoia (Los Angeles Times) [ Yeah! This really needs to be said; particularly when you take into account the reality, that while plentiful, american laws are all but meaningless, arbitrarily enforced at best, and ‘federales’ and their supporters (more commonly called bribes, one way or form or another) invariably the worst offenders. Though having but 5% of the world’s population, u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:

America’s shine is wearing off I know why we are falling into a cataclysm of debt and can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious freedom, freedom generally did they come to these shores. A rare exception to the influx of immigrants to this young nation who turned out to be more a virus to the indigenous peoples of this land than what could have been expected from those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those so positioned abroad would have represented a positive addition to the gene pool which, borrowing from an insurance term, viz., adverse selection, springs forth the notion of inevitability to the genocide of the indigenous populations while guaranteeing the decline we see throughout this foundering nation. The effects of these negative predispositions toward inherent criminality is certainly being felt globally as well as domestically and has little to recommend it. My own direct experience with the region(s) (particularly new jersey, new york, virginia, connecticut, california) carves out no exception for the prevalence of the worst of human nature..

THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Sen. Conrad: $2 trillion not enough Democratic chairman of budget committee is pushing for deeper cuts in any debt-reduction deal. Lawmakers fear time is running out to slice $2 trillion from the budget In six weeks, negotiators must strike a bipartisan compromise and persuade a bitterly divided Congress to support it. (Washington Post) [ Ah, there you have it. That nebulous, ‘fudgeable’, over a period of time thing … ‘$4 trillion in savings by 2021 to avoid a debt crisis. Others view $2 trillion as impossibly ambitious...more borrowing authority for a nation already mired in red ink.’…Some have been less than optimistic in their prognosis Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ America’s shine is wearing off I know why we are falling into a cataclysm of debt and can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious freedom, freedom generally did they come to these shores. A rare exception to the influx of immigrants to this young nation who turned out to be more a virus to the indigenous peoples of this land than what could have been expected from those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those so positioned abroad would have represented a positive addition to the gene pool which, borrowing from an insurance term, viz., adverse selection, springs forth the notion of inevitability to the genocide of the indigenous populations while guaranteeing the decline we see throughout this foundering nation. The effects of these negative predispositions toward inherent criminality is certainly being felt globally as well as domestically and has little to recommend it. My own direct experience with the region(s) (particularly new jersey, new york, virginia, connecticut, california) carves out no exception for the prevalence of the worst of human nature; which is now collectively and pervasively americana. Report: SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm

Losing Another Decade Bill Bonner ‘Great Speculations

Buys, holds, and hopes An article in The Financial Times tells Americans they may face a “lost decade,” like the Japanese in the ’90s.

What? We’ve had a lost weekend or two. But how can you lose a whole decade? But Americans have done it already.

After a 60-year debt expansion, the developed world – led by the USA – went into a period of debt contraction. This is what we call the Great Correction. We know for sure that debt is being consolidated – at least in the private sector. We know that this will be a drag on the economy for several more years.

We know also that the feds’ efforts to fight the correction are setting up another crisis and correction – this one in the public sector.

So, it looks as though at least two things will be corrected – private debt…and public debt. Beyond that, we’re not sure what excesses, mistakes and absurdities this correction will target. Only time will tell.

So far, all the facts that have come to light in the last four years seem to corroborate our Great Correction story. As expected, jobs are few and far between. Consumer spending is weak, as households try to repair their balance sheets. And the economy limps along with negative or barely positive real GDP growth.

What does this sound like to you?

Like Japan, of course, which has been in a Great Correction for 20 years.

And even though the peak of credit in the US wasn’t hit until 2007 we’re beginning to think that the actual correction began in 2000. Since then, jobs, stocks, houses, and the real, per-capita GDP have gone nowhere. In other words, a stealth correction has probably been going on for 10 years already…it didn’t come out into the open until after 2007.

Losing one decade could be bad luck. Losing two begins to look like recklessness. Inattention. Or robbery. Stay tuned…

At Dulles Airport yesterday, it took us an hour of standing in line to check in. People in economy were probably lucky to be able to check in at all.

But who cares. It’s still almost a miracle to be able to leave our home in Washington at 4PM and be in London at 6AM the following day. What a boost to our standard of living! This is the kind of miracle that high-octane fossil fuel can give you. You have to burn a lot of energy in order to lift a giant vessel made of thin metal, filled with fat people off the ground. And then fly across the Atlantic Ocean with it!

You can’t do that with solar power…or wood…or batteries charged up from hydroelectric power stations. You can only do it by reaching into the earth and using up some of its stored up calories. And you can only use those calories once. (For reasons we can’t figure out at this hour, the law of conservation of energy doesn’t seem to apply.)

As you will see later this week, the energy revolution of the 18th century boosted output and speeded up GDP growth. Our standard of living – not to be confused with our quality of life – is directly proportional to the amount of energy consumed. All of which is a warm up to where our meandering will take us this week.

Energy use in the US peaked in 1997. Real US GDP peaked a few years later. Since then, it’s been downhill for the economy.

From memory…US GPD didn’t hit 10 trillion dollars until about 2000. Now, it’s about $14 trillion. Nice growth, huh? But wait. We know that a lot of that was phony, debt-fueled growth. It was phony because it raised living standards to a level that people couldn’t really afford. Or to look at it another way, it drew on earnings that hadn’t happened yet…and maybe never would.

But how much of that $4 trillion worth of GDP is real and how much is phony? We don’t know. But we note that the federal deficit is about $1.5 trillion, which is as phony as a $3 bill. Subtract that and you have a gain of $3.5 trillion over 10 years…or about $350 billion per year.

Let’s see, adjust that for population growth. Subtract phony private sector debt-fueled growth too. And properly adjust for inflation. What do you get?

You get a lost decade. Another Lost Decade by Bill Bonner originally appeared in the Daily Reckoning.’

Federal Tax Receipts Show Economy Grinding to a Halt

Top 3 Reasons Markets Rose with Greece and Apple Wall St. Cheat Sheet  June 21, 2011 [ I like apple (the first computer I ever bought) and was rooting for them (not just because wintel based pc’s are so pathetic) and glad they survived; but, apple / apple products are significantly over-priced and over-valued which is the purblind sizzle fraudulent wall street loves and sells, as in the last few crashes.] ‘Markets closed up on Wall Street: Dow +0.91% , S&P +1.34% , Nasdaq +2.19 , Oil  +0.5, Gold +0.34% .

On the commodities front,  Oil (NYSE:USO) found some buyers on the idea Greece may not sink the universe. Precious metals were both up with  Gold (NYSE:GLD) closing at $1,546 and  Silver (NYSE:SLV) rising 1%.

Today’s markets were up because:

1) Investors smell some sort of resolution in Greece . Although ratings agencies are sending more warnings to Greece, the media is reporting a lot of aggressive chatter regarding the EU stepping in to save Greece. At the end of the day, that removes the probability of a Lehman style event. Now check out which Companies have dangerous exposure to Greece and which Countries do too.

2) US Existing Home Sales sucked. Yup. If you’re looking for positive data points in the US economy, turn your head 180 degrees away from the housing market (NYSE:IYR). The always bullish National Association of Realtors sales fell by 3.8% in May, at an annual pace of 4.81 million, down 15.3% from last years mark of 5.68 million by the same point in the year.

3) Apple finally caught a bid. After some big time selling in Apple (NASDAQ:AAPL), the company is now rumored to be releasing a major iteration with the release of iPhone 5. Add that to all the shareholders who are filling the blogosphere with articles about “Apple as a Value Stock”, and it was a matter of time before the buyers stepping in. ‘

Greece "Essentially Bankrupt" Says Analyst With World's Most Unfortunate Surname at Minyanville

Internal IMF Audit Finds Bailout Fund Has Zero Credibility Zero Hedge | The observation that the IMF has no credibility whatsoever has been well known for a long time by all market skeptics.

Russia to Lower U.S. Debt Holdings Wall Street Journal | Russia will likely continue lowering its U.S. debt holdings as Washington struggles to contain a budget deficit and bolster a tepid economic recovery.

Rep. Ron Paul issues campaign pledges Texas Rep. Ron Paul’s campaign issued issued a statement on what his budget priorities will be if elected.

Internal IMF Audit Finds Bailout Fund Has Zero Credibility While the fact that its former head is an alleged rapist caught some by surprise, the observation that the IMF has no credibility whatsoever has been well known for a long time by all market skeptics.

The Financial Collapse Of Greece: The Canary In The Coal Mine For The Global Economy? The rest of the world needs to sit up and take notice of what is going on in Greece right now. This is what can happen when you allow government debt to spiral out of control.

FITCH WARNS: US Must Raise The Debt Ceiling By Aug 2, Or Risk Losing Its AAA At this point, anyone who thinks that there won’t be any consequences to a debt ceiling failure are insane, if only due to the regulatory/ratings hit.

IMF slams European leaders on crisis The IMF criticized leaders for their failure to find a “cohesive” response to the problems of weaker nations. Thousands protest Greek austerity measures Europe falters in bid to rescue Greece Greek default spells 'havoc' for banks Europe debt crisis to hover over Fed meeting (Washington Post) [If the Titanic sank today, here’s how the President, the media and Wall Street would spin it (satire) What would all the world’s experts and authorities say today if the Titanic were sinking but nobody was willing to admit it? For Greece, $160B wasn’t enough Officials involved in the financial rescue in the spring of 2010 didn’t expect to be back so soon. (Washington Post) [ And yet, this dire predicament for Greece mirroring a similar dour scenario globally, and pervasively corrupt, defacto bankrupt america particularly is in reality but a small part of the equally dour prospects for stocks. Stocks rally on b***s*** alone from the eurozone on a purported, though unannounced plan by merkel and sarkozy (a zionist now preoccupied with the Libya fiasco Drudgereport: FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA...) to avoid greek default. Yet, default per se is not the problem. Indeed, China has already said, correctly defacto if not technically, that america’s already is in default [Drudgereport: CHINA: USA 'ALREADY DEFAULTING'... ]. The reason for the meaninglessness of the distinction is that sovereigns, ie., defacto bankrupt america, etc., can continue to print currency thus debasing the value of same as alluded to by China, thus as does inflation, ‘bankrupting the lender’. Importantly, there just isn’t sufficient value on this entire planet and certainly on the ‘investable horizon’ to offset the worthless paper, toxic assets, among the huge amounts of unrepayable debt (promises to pay) both intra-national and international. The waning full moon also accounts for the action to the upside as the lunatic, criminally insane, lunatics / frauds on fraudulent wall street attempt to keep the other lunatics / suckers suckered with contraindicated rally on insurmountably bad news (no, those new apartment building construction numbers change nothing). This is all pre-2012 election year unaffordable obfuscation of failure across the board. Amazingly, the lunatics on wall street now have plenty of company worldwide, particularly that nato / eu bunch bringing to mind that old adage of ‘apples not falling far from the trees’, conversely speaking. Paying attention to Robert Lenzner, infra, and Toby Connor, among others, is wise counsel. Prepare for Next Leg Down in Secular Bear Market, Beginning of Next Recession / Depression at Minyanville Toby Connor June 16, 2011 And this time it's going to be much, much worse than in 2008. ‘Don't let the perma bulls fool you -- this is not a normal correction, and it has nothing to do with Greece or Spain. This is the beginning of the next leg down in the secular bear market and the start of the next economic recession/depression. And this time it's going to be much, much worse than it was in '08…’ The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed… an especially great opportunity to sell / take profits while you still can since there's much worse to come! ]

MONEY WATCH ARCHIVE ( from infowars.com / prisonplanet.com )

National / World

Texas Senator Compares TSA Fight To Revolutionary War The Texas Senator at the forefront of the fight against invasive TSA pat-downs has likened the stand-off between state and federal authorities over a bill that would criminalize TSA groping to the revolutionary war against Mexico, calling the situation a “Come and Take It” moment once again for Texas.

Surprise! TSA Is Searching Your Subway, Truck, Ferry, Bus, AND Plane Think you could avoid the TSA’s body scanners and pat-downs by taking Amtrak?

Three-quarters of U.S. nuke plants have had radioactive leaks Three-quarters of the country’s nuclear power plants have seen radioactive tritium leaks, an Associated Press investigation finds.

Michigan Lawmaker wants to criminalize ‘intrusive’ searches by airport screeners An Oakland County lawmaker is taking aim at the Transportation Security Administration and how its agents perform airport passenger security checks.

No Troop Withdrawal in Afghanistan Four cheers for the U.S. Conference of Mayors! It has just voted up a resolution calling on Washington to transfer $126-billion in annual spending from its Middle East wars to America’s cities!

TSA Showdown a Watershed Moment in Battle For Freedom A bill that would criminalize invasive TSA pat downs in Texas has risen like a phoenix from the flames, with Governor Rick Perry being forced to include the item on the agenda for the current special session of the legislature, setting the stage for what could potentially become a watershed moment in the battle to peel back a federal power grab that has characterized the advance of big government.

Libya says new Nato missile attack killed three children Nato has admitted launching a missile strike against a compound that Libyan officials claim killed at least 15 people, including three children.

Newt Gingrich’s Campaign Strategy: Become Ron Paul Steve Watson | Former speaker is suddenly sounding a lot like a certain Libertarian Congressman.

Rick Perry Announces Presidential Run Kurt Nimmo | Fake aura of the Texas outsider to be used the same way the Man of Change was used to sell Obama.

Kerry and McCain Introduce Resolution to Legitimize Invasion of Libya Kurt Nimmo | Senators play along with dubious War Powers Act instead of seeking a formal declaration of war.

Texas Senator Compares TSA Fight To Revolutionary War Paul Joseph Watson | Stand-off over TSA grope-down bill another “come and take it” moment for Texas.

O’Reilly and Rapper Argue About Bogus War On Terror Kurt Nimmo | More contrived left versus right propaganda avoids real reason for multiple criminal wars.

TSA Showdown a Watershed Moment in Battle For Freedom Paul Joseph Watson | Federal response to likely passage of anti-pat down bill could provoke massive states’ rights backlash.

“Kinetic Military Action” or War – Libyans are Still Dead American Thinker | He can call it “kinetic military action” or he can call it making love if he wants to, but that doesn’t resurrect any dead Libyans.

No-Life Zone: Deeper and Deeper Into the Mire Chris Floyd | Obviously, there was a typo in the UN resolution approving NATO’s operations in Libya.

Labor battle puts Obama in bind White House ties to both sides of dispute between aerospace giant, union pose a political quandary. (Washington Post) [ Sounds like a job for … John Kerry … Mr. all sides of all issues … special appointment? Yet, wobama’s teleprompter can be called upon to split hairs and draw fine lines … though unfortunately as even both sides to this dispute already know as spoken by ‘wobama the b’ (for b***s***), whatever Mr. Teleprompter says will be pure, unaldulterated b***s*** regardless of how well written and said. Yes, not doing as promised has its pitfalls, not rewards, when doing as not promised leads directly to the dire consequences and crises this nation and the world now face. Too Soon To Buy The Dip In This Market at Forbes Sy Harding ‘Don't buy this dip. After six straight down weeks the S&P 500 is down only 6% from its April peak. That’s not near enough to factor all the negatives into stock prices…’

The Great Stagnation of 2011 at Minyanville Jeff Harding Jun 20, 2011 ‘Consumers aren't going to save our economy from stagnation, but rather it will continue along with inflation

I go away for a few days and come back to a slug of not-encouraging economic news.

The really big news was related to industrial production and manufacturing which was either down or stagnant, depending on the index you look at.

The two reports that were negative were the Empire State Fed and the Philadelphia Fed manufacturing reports which both reported substantial drops in economic activity:

http://image.minyanville.com/assets/FCK_Jan2011/Image/June11/jh6201.JPG

http://image.minyanville.com/assets/FCK_Jan2011/Image/June11/jh6202.JPG

As you can see, Philadelphia dropped 7.7% (the first drop since September) and NY dropped 7.8% (the first drop since November). The weakness was in new orders and inventory accumulation, things that you don’t want to see decline. Separately the inventory-to-sales ratio increased 0.8%, a small but negative indicator.

The index of industrial production as announced by the Fed was flat in May, up 0.1%, but the year-over-year trend was still declining:

http://image.minyanville.com/assets/FCK_Jan2011/Image/June11/jh6203.JPG

It is true that all production is aimed at consumer consumption but looking at consumption alone is not as good an indicator of real organic economic growth as is the production side of the economy. The reason being that production usually leads consumption out of an economic slump, not the other way around. The Fed’s and the administration’s attempts at monetary and fiscal stimulus haven’t worked because of their misplaced emphasis on consumption. They don’t examine the issue of why people aren’t consuming. The keys to new economic growth are savings, debt reduction, and the liquidation of malinvested projects.

People aren’t going to spend until they feel they are economically secure and there aren’t a lot of reasons right now for them to feel secure. And the data shows it.

Retail sales for May came out slightly negative (-0.2%), but that is a bit misleading. Here is the chart:

http://image.minyanville.com/assets/FCK_Jan2011/Image/June11/jh6204.JPG

As you can see, the trend has been flat-to-negative since January, 2011. For several reasons economists like to strip out auto sales, a big ticket item that may skew the data. Doing that, ex autos, retail sales were up 0.3%. Again the data is confusing because the ex. auto data still includes gasoline sales which were up 22.3% YoY. Gains were seen in health care, building materials, miscellaneous retailers, and non-store (Internet) retailers.

Then there is price inflation.

The PPI and CPI reports also came in last week. Starting at the producer level, the PPI increase moderated to a 0.2% gain (core, ex. energy and food, up 0.2%). But the year-over-year trend was still up 7.0% in May (ex. energy and food, up 2.1%). The PPI has been declining since January, 2011, but the rate of increase is still high:


http://image.minyanville.com/assets/FCK_Jan2011/Image/June11/jh6205.JPG

On the consumer side, the May CPI also was up 0.2%, slightly less than in April, but still a strong upward trend as shown in this YoY chart (up 3.2% YoY):

http://image.minyanville.com/assets/FCK_Jan2011/Image/June11/jh6206.JPG

Ex. energy and food, it was up 0.3% for the month, and 1.5% YoY. Apparel, shelter, new vehicles, and recreation were all up, but energy and gasoline were down along with airline fares, tobacco, and personal care. This price inflation may seem mild to the casual observer, but it is the trendline that is important.

Interestingly, someone revived the Misery Index, or at least I just discovered it. The Misery Index was created back in the 1970s and is described thusly:

It is simply the unemployment rate added to the inflation rate. It is assumed that both a higher rate of unemployment and a worsening of inflation both create economic and social costs for a country. A combination of rising inflation and more people out of work implies a deterioration in economic performance and a rise in the misery index.

The Index is now at 12.16. To put this in perspective, it was at its highest, 20.76 during the Carter Administration, and hasn’t been this high since 1983 (it declined after Reagan was elected). Its lowest points were 3.53 during the Eisenhower Administration (1953) and again during the Clinton years, 6.05 in 1998.

This has resulted in a decline in consumer confidence. The Gallup Economic Confidence Index declined 9 points in the past two weeks (ending June 12):

http://image.minyanville.com/assets/FCK_Jan2011/Image/June11/jh6207.JPG

The Reuters/Univ. of Michigan consumer sentiment poll reflected a similar decline.

I will leave you with one more bit of data, perhaps the most important, from the National Federation of Independent Business (NFIB) who regularly put out data from the member surveys. Their Small Business Optimism Index declined again, for the third straight month:

http://image.minyanville.com/assets/FCK_Jan2011/Image/June11/jh6208.JPG

“Corporate profits may be at a record high, but businesses on Main Street are still scraping by,” said NFIB chief economist Bill Dunkelberg. …

For the third month running, several key economic indicators continued their downward tumble. Job market indicators continued to deteriorate, anticipating very weak job creation and a higher unemployment rate. Capital spending plans and inventory investment plans all weakened and remain at recession levels. Inflation continues to rise, a notable business concern for owners who are raising their own prices at the fastest pace seen in years. And driving the economic uncertainty, one in four owners still report weak sales as their top business problem (followed by taxes and regulations and red tape, only 3 percent cite financing).

The most important thing among these data was the lack of capital spending:

Capital spending remains historically low in spite of very low interest rates and all sorts of expensing incentives. Fifty percent of firms reported making capital expenditures over the past six months, and the percent of owners planning capital outlays in the next 3 to 6 months fell 1 point to 20 percent, a recession level reading.

What does all this mean? It means that the foundry of job creation for one-half of the new jobs created in America, small businesses, are stalling out again because of all the factors discussed above. Also, I wouldn’t expect a lot of job growth from the multinationals as not even a declining dollar can offset the cooling off of demand from money-stimulated countries like China, India, and Brazil.

It means that consumers aren’t going to save our economy from stagnation. It means that stagnation will continue along with inflation. And it will be fun to watch all the naysayers who don’t think you can have an economic slowdown and inflation at the same time.

It also means that my forecast of the likelihood of QE3 (quantitative easing) is still valid.

Editor's Note: This article was originally published at The Daily Capitalist.’

Federal Tax Receipts Show Economy Grinding to a Halt Lee Adler June 17, 2011

Obama’s semantics draw criticism on Libya (Washington Post) [ Semantics? If it were only wobama’s semantics that drew criticism. But, one must concede that when fellow black Farrakhan is weighing in thusly: Drudgereport: FARRAKHAN: 'THAT'S A MURDERER IN THE WHITE HOUSE'... Minister Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15, 2011 Press Conference at the UN Plaza Hotel. (I wonder what Chinese mascot ‘the black mamba’ has to say ‘The Chinese people's love of american basketball star Kobe Bryant’…Kobe Bryant China The Kobe dynasty - Los Angeles TimesAug 20, 2008 ... Beijing It's Kobe's team, in China, anyway… Sprite China: Kobe Bryant & Jay Chou Music Video – Advertising ... Feb 23, 2011 ... Sprite China has paired up NBA Star Kobe Bryant of the LA Lakers … who has supplanted their own ’yellow / red bamba’; viz., Yao Ming.), wobama’s really got problems (you know, that unflinchingly loyal 18%). Yet, no one can say the wobama / holder approach is devoid of racism. UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

Focus Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs, extinction, at least in a manner of speaking. Global information exchange at lightning speed has made such throwbacks to a lost era, propaganda, and maladaptive traits foolish at best, deadly at worst. Intelligent people worldwide aren’t buying the obsolete, Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc.; more specifically, diversion of the masses from the glaring failures of leadership, economic and otherwise.

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Lawmakers fear time is running out to slice $2 trillion from the budget In six weeks, negotiators must strike a bipartisan compromise and persuade a bitterly divided Congress to support it. (Washington Post) [ Ah, there you have it. That nebulous, ‘fudgeable’, over a period of time thing … ‘$4 trillion in savings by 2021 to avoid a debt crisis. Others view $2 trillion as impossibly ambitious...more borrowing authority for a nation already mired in red ink.’…Some have been less than optimistic in their prognosis Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ America’s shine is wearing off I know why we are falling into a cataclysm of debt and can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious freedom, freedom generally did they come to these shores. A rare exception to the influx of immigrants to this young nation who turned out to be more a virus to the indigenous peoples of this land than what could have been expected from those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those so positioned abroad would have represented a positive addition to the gene pool which, borrowing from an insurance term, viz., adverse selection, springs forth the notion of inevitability to the genocide of the indigenous populations while guaranteeing the decline we see throughout this foundering nation. The effects of these negative predispositions toward inherent criminality is certainly being felt globally as well as domestically and has little to recommend it. My own direct experience with the region(s) (particularly new jersey, new york, virginia, connecticut, california) carves out no exception for the prevalence of the worst of human nature; which is now collectively and pervasively americana. Report: SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm

Where are the jobs? Scott Walker finds it’s easier to make bumper stickers than to boost employment. (Washington Post) [ Oh, riiiiight, Mr. Milbank, inveterate and unshakable defender of wobama regardless of fact or folly (wobama’s broken campaign promises, etc.), it’s Scott Walker’s not wobama’s fault for the nation’s dire predicament despite being the direct consequence of wobama’s failure to do as promised and rather p***ing money (the nation doesn’t really have) away in the perma-wars abroad marking his failed presidency as war criminal bushes before him. Obama’s semantics draw criticism on Libya Washington Post) [ Semantics? If it were only wobama’s semantics that drew criticism. But, one must concede that when fellow black Farrakhan is weighing in thusly: Drudgereport: FARRAKHAN: 'THAT'S A MURDERER IN THE WHITE HOUSE'... Minister Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15, 2011 Press Conference at the UN Plaza Hotel. (I wonder what Chinese mascot ‘the black mamba’ has to say ‘The Chinese people's love of american basketball star Kobe Bryant’…Kobe Bryant China The Kobe dynasty - Los Angeles TimesAug 20, 2008 ... Beijing It's Kobe's team, in China, anyway… Sprite China: Kobe Bryant & Jay Chou Music Video – Advertising ... Feb 23, 2011 ... Sprite China has paired up NBA Star Kobe Bryant of the LA Lakers … who has supplanted their own ’yellow / red bamba’; viz., Yao Ming.), wobama’s really got problems (you know, that unflinchingly loyal 18%). Yet, no one can say the wobama / holder approach is devoid of racism. UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm

Federal Tax Receipts Show Economy Grinding to a Halt Lee Adler Jun3 17, 2011 ‘With the Fed now set to end its program of quantitative easing for the time being and government spending set to decline, the squeeze should worsen in coming months. Month to date Federal withholding taxes as of June 15 were down 5.5% from last year, negating the monthly gain in May. That gain was primarily due to the calendar anomaly of a payment date for a biweekly and semimonthly pay period for many employees coming on June 1 last year. That resulted in an understatement in May’s 2010 receipts and an overstatement for June last year. Therefore the 5.5% decline so far this month versus last June makes things look worse than they are. The truth, as shown in the chart below, is that tax receipts over the last rolling monthly period are about even with last year, suggesting that the economy has stalled, but has not collapsed to the degree implied by a 5.5% decline.

http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchJUNE2011/tax1.jpg
Chart data through June 15

The 1-month moving average of daily withholding tax collections is at about the same level as last year. May’s gains have dissipated. The 13-week moving average is sinking fast and should be hitting bottom now. It is at roughly the same level as last year. Normal seasonality has a flat period through the third quarter, with a drop into the low in September/October. If this graph drops below last year’s level from here, then the economy probably is in free fall. That would be very bad news in terms of the levels of debt the Treasury must float in the months ahead.

(From 5/19/11): There’s no sign of upward momentum in this chart. Things should turn more negative as stimulus spending recedes and other government spending is cut. This will coincide with the ending of Fed money printing. That should all result in a continued economic slowdown, and lower revenue collections leading to bigger deficits and greater than forecast Treasury supply.

Looking at other taxes as of June 15, excise taxes were down 8% versus last year. Corporate taxes were down 9.3%. Quarterly income taxes are due on June 15. The April 15 quarterly tax take was only down 6% y/y. The drop in excise and corporate taxes are bad signs for the economy, and again suggest that the government will need to borrow far more in the months ahead than the Treasury had expected based on its rosy economic assumptions. The Treasury market could be in for a shock when the size of new auctions start coming in much larger than anticipated.

http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchJUNE2011/tax2.jpg
Through June 15…’

Double Shot Primes Markets: Dave's Daily ‘The Fed completed the largest POMO action since QE2 began in September. Monday's POMO ("A Double Shot of My Baby's Love"?) came as markets were still oversold, which relieved this condition but may leave us drumming our fingers until after Wednesday's FOMC meeting results. Although stocks rallied modestly Monday, volume was nearly 35% below last week's trading. The negative news overhang remains with most insiders believing Greece will have to accept (at least superficially) the harsh terms the IMF and ECB have announced. Behind the scenes American banksters led by Bernanke and the Chinese, with skin in the game, are pressing hard for a deal. Frankly, anything can happen but a breakup of the EU and the euro itself are on the table. That said, the euro was stronger again as some believe a deal will be made and that QE3 is inevitable no matter how they describe it. The current buzz is "the twist" with the Fed forcing a cap on the two-year Treasury bond to keep short-term rates low. This is dollar bearish. Beyond the focus on Wednesday's FOMC meeting and Greece commodity prices were little changed, the dollar was weaker and bonds were mixed. (I'm in NYC this week and this will reduce normal commentaries.) As stated, volume was much weaker than last week and below average but breadth per the WSJ was positive relieving technical oversold conditions.’

Wall Street ends higher, but weak volume a warning sign (Reuters) Stocks rose on Monday, as the latest development to reduce Greece's debt helped draw buyers and the S&P 500 touched a key support level, but anemic volume signaled the recent weakness ma...

Greek Debt Restructuring Off the Table: EU Official CNBC | A restructuring of Greece’s 340 billion euro ($481.5 billion) debt is not on the agenda.

Federal Tax Receipts Show Economy Grinding to a Halt Wall St. Cheat Sheet June 20, 2011 ‘Markets closed up on Wall Street: Dow +0.63% , S&P +0.54% , Nasdaq +0.50 , Oil  +0.26, Gold +0.08% .

On the commodities front,  Oil (NYSE:USO) had a slight uptick, closing over $93 a barrel. Precious metals were both up slightly with  Gold (NYSE:GLD) adding $1.20 to close at $1,540.30 and  Silver (NYSE:SLV) showing modest gains of 0.70%, about 25 cents.

Today’s markets were up because:

1) No Big Earnings Reports . Just about every day it seems some big company announces dismal earnings below expectations and their plummeting share prices pull down the market. But today no such news. With the slowly recovering economy taking a turn for the worse this past month, no news is good news. In the meantime, check out our new Wall St. Cheat Sheet earnings sneak peeks: Micron Technology Inc. Third Quarter Earnings Sneak Peek.

2) Hope for Greece. EU leaders have expressed their confidence that a Greek aid package will be decided upon shortly, and it seems likely they might be able to avoid a default. The absence of bad news is giving the euro a boost. A resolution should come any day now, and analysts expect investor relief to account for significant gains on all the indices. Check Out: Greece Getting Desperate, Will Sell off State Assets.

3) Big Individual Company News. The indexes were all propped up today by a few big companies with big gains. Ford (NYSE:F) shares were up as they announced plans to revamp the Lincoln brand, while fellow Detroit-based competitor GM (NYSE:GM) also saw shares rise today. Wal-Mart (NYSE:WMT) shares were up after they won their Supreme Court sex bias case, while the healthcare and consumer discretionary sectors showed the highest gains today, while the tech sector was also up with big gains from Caterpillar (NYSE:CAT) and DuPont (NYSE:DD) leading the way. ‘

Leading Financial Advisers and Trend Forecasters Urge People to Protect Themselves from the Coming Unrest Jim Rogers just told people they should get ready to protect themselves.

The Next Global Credit Crisis: Why U.S. Banks and Greek Debt Will be the Toxic Trigger Is history repeating? As I’ve previously noted, the second leg of the great depression was caused by European defaults.

‘The UK should NOT help bail-out Greece’ says Government official Britain will not fund a second EU bail out of Greece, a Government official in Brussels said today.

How Miserable? Index Says the Worst in 28 Years When it comes to measuring the combination of unemployment and inflation, it doesn’t get much more miserable than this.

After Dumping 30% Of Its Treasury Holdings In Half A Year, Russia Warns It Will Continue Selling US Debt Just in time for the end of QE2, when the US needs every possible foreign buyer of US debt to step up to the plate, we get confirmation that yet another major foreign central bank has decided to not only not add to its US debt holdings, but to actively sell US Treasurys.

Leading Financial Advisers and Trend Forecasters Urge People to Protect Themselves from the Coming Unrest Jim Rogers just told people they should get ready to protect themselves.

The Next Global Credit Crisis: Why U.S. Banks and Greek Debt Will be the Toxic Trigger Is history repeating? As I’ve previously noted, the second leg of the great depression was caused by European defaults.

Russia to Lower U.S. Debt Holdings Wall Street Journal | Russia will likely continue lowering its U.S. debt holdings as Washington struggles to contain a budget deficit and bolster a tepid economic recovery.

Spanish protesters launch anti-austerity marches AFP | Seething over the destruction of millions of jobs, welfare cuts and corruption, the first of at least three nationwide marches set off from eastern Spain’s Mediterranean city of Valencia.

Greek Debt Restructuring Off the Table: EU Official CNBC | A restructuring of Greece’s 340 billion euro ($481.5 billion) debt is not on the agenda.

Report: Typical City Bus Contains No Fewer Than Four Erections At Any Given Time www.theonion.com [ Your tax dollars at work! ] WASHINGTON—A report from the U.S. Department of Transportation confirmed Thursday that at any one time, the average American city bus is occupied by at least four fully erect penises. "This persistent level of physical arousal remains a mystery, as we have found no link between these erections and either the attractiveness of fellow passengers or the intensity of vehicle vibrations," the report read in part, also noting that when one of the four engorged penises goes flaccid, another immediately hardens, as if to take its place. "Four is just a minimum, of course. During rush-hour traffic, there may be as many as 21 stiffened members on a single bus, while off-peak erection counts often hover around five or even six." The report's statistics do not include bus drivers, who are believed to remain constantly erect throughout their shifts.

Siemens Says US Workers Lack Skills CNBC.com | “There’s a mismatch between the jobs that are available… and the people that we see out there.”

Bernanke May Face ’Self-Induced Paralysis’ As a Princeton University professor, Ben Bernanke castigated the Bank of Japan in 2000 for a “case of self-induced paralysis” that led to a decade of stagnation.

Ron Paul: Our Inflation Problem Will Be Much Worse Than 1970s Style Stagflation The Federal Reserve is like a drug addict, according to presidential candidate and Congressman Ron Paul, notorious for his hatred of the Fed and love of gold.

Another Broker Halts Trading In Gold And Silver Products CMC Markets, a broker out of Australia which offers Contracts For Difference (CFDs), has just formally joined the increasingly larger group headed by Forex.com (discussed on Saturday) which is now advising customers that gold and silver trading will be prohibited in a month.

If the Titanic sank today, here’s how the President, the media and Wall Street would spin it (satire) What would all the world’s experts and authorities say today if the Titanic were sinking but nobody was willing to admit it?

Stocks rally on b***s*** alone from the eurozone on a purported, though unannounced plan by merkel and sarkozy (a zionist now preoccupied with the Libya fiasco Drudgereport: FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA...) to avoid greek default. Yet, default per se is not the problem. Indeed, China has already said, correctly defacto if not technically, that america’s already is in default [Drudgereport: CHINA: USA 'ALREADY DEFAULTING'... ]. The reason for the meaninglessness of the distinction is that sovereigns, ie., defacto bankrupt america, etc., can continue to print currency thus debasing the value of same as alluded to by China, thus as does inflation, ‘bankrupting the lender’. Importantly, there just isn’t sufficient value on this entire planet and certainly on the ‘investable horizon’ to offset the worthless paper, toxic assets, among the huge amounts of unrepayable debt (promises to pay) both intra-national and international. The waning full moon also accounts for the action to the upside as the lunatic, criminally insane, lunatics / frauds on fraudulent wall street attempt to keep the other lunatics / suckers suckered with contraindicated rally on insurmountably bad news (no, those new apartment building construction numbers change nothing). This is all pre-2012 election year unaffordable obfuscation of failure across the board. Amazingly, the lunatics on wall street now have plenty of company worldwide, particularly that nato / eu bunch bringing to mind that old adage of ‘apples not falling far from the trees’, conversely speaking. Paying attention to Robert Lenzner, infra, and Toby Connor, among others, is wise counsel. Prepare for Next Leg Down in Secular Bear Market, Beginning of Next Recession / Depression Connor at Minyanville

Too Soon To Buy The Dip In This Market at Forbes Sy Harding ‘Don't buy this dip. After six straight down weeks the S&P 500 is down only 6% from its April peak.

That’s not near enough to factor all the negatives into stock prices. Those negatives include the rapidly slowing U.S. economy, sharply rising global inflation, plunging global markets as central banks raise interest rates to ward off inflation, the cuts in government spending yet to hit the U.S. economy as Washington and individual states tackle their record budget deficits, and the end of the Fed’s QE2 stimulus program.

Yet already Wall Street is assuring investors that the correction is over, and the lower prices are presenting a buying opportunity.

Be careful. After six straight down weeks the market is short-term oversold and due for a brief rally off that oversold condition. But it’s strictly a technical situation. The market doesn’t move in a straight line in either direction. In strong rallies it periodically becomes short-term overbought and pulls back some to alleviate that short-term overbought condition before the rally resumes to new highs. In market corrections it periodically becomes short-term oversold and rallies back up some to alleviate the short-term oversold condition before the correction resumes.

Meanwhile, although all financial firms have a staff of technical analysts keeping up with the market’s technical condition, Wall Street grabs onto simple non-technical explanations when making its attempts to keep investors buying.

So on Thursday, it explained the market’s positive day as being a response to the reports that new claims for unemployment fell by 16,000 in the previous week, and new home starts were up 3.5% in May, claiming those are signs the economic slowdown is bottoming.

They know that reasoning is ridiculous. Unemployment claims jump up and down week-to-week for a variety of reasons. Five weeks ago they declined a much larger 29,000 for the week to a total of 409,000. They’ve been up and down since, and this week they declined 16,000 to 414,000. But that’s more total claims for the week than there were in mid-May. And new home starts rose 3.5%, but that was after an 8.8% decline in April, leaving them lower than in March and still scraping along a depression-like 25-year low.

On Friday morning the market continued its technical rally off the short-term oversold condition. Wall Street said it was in response to French President Sarkozy’s remarks that the EU will probably consent to a new bailout package for Greece. A market strategist on a TV financial show said, “This is the catalyst a lot of people were looking for to jump back into the market.”

Huh? That Europe will kick the solution of the Greek debt crisis down the road again, with another temporary bailout payment, has no connection whatever to slowing global economies and rising inflation.

Meanwhile, Wall Street ignored the reports that were important this week.

The Housing Market Index, measuring the confidence of home-builders, plunged to just 13 this month (on a scale of 1 to 100), a nine-month low. Inflation at the consumer level (CPI) was up 0.2% in May, now up 3.6% over the last 12 months, more than double what it was a year ago. The NY State Mfg Index, and the Fed’s Philadelphia Mfg Index, both plunged again this month, this time into negative territory. The Philadelphia Index, often a precursor of the national reports, plunged to -7.7 from +3.9 in May, +18.5 in April, and +43.4 in March. It was the largest three-month collapse in the history of the report.

Meanwhile, as global central banks raise interest rates and tighten monetary policies to fight the rising inflation, slowing their economic growth, their stock markets have been in serious corrections. And historically, global markets, including the U.S., move pretty much in tandem with each other in both directions.

The world’s ten largest economies behind the U.S. are China, Japan, Germany, France, the United Kingdom, Brazil, Italy, Canada, India, and Russia. As a result of their concerns about their slowing economies and rising inflation, their stock markets are down an average of 12%, with most hitting new lows every few days, no bottom in sight.

And Wall Street is telling us the correction in the U.S. market is already over with a decline of just 6%, and U.S. economic reports still coming in more negative each month, and with more roadblocks to recovery still ahead?

Buy the dip?

I suggest continuing to sell into any short-term strength that develops, and taking positions in ‘inverse’ ETF’s and ‘inverse’ mutual funds, which are designed to move opposite to the market and thus make gains in market corrections.

In the interest of full disclosure my technical indicators triggered an intermediate-term sell signal on the market on May 8, and I and my subscribers have had profitable positions since in two ‘inverse’ ETFs, the ProShares Short Russell 2000, symbol RWM, and the ProShares Short S&P 500, symbol SH. And it is my intention to add to my downside positions in selected ‘inverse’ funds in any short-term rally that develops.’

The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed… an especially great opportunity to sell / take profits while you still can since there's much worse to come! Selling In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart.

Federal Tax Receipts Show Economy Grinding to a Halt

Sell On The Rallies- Don't Buy On the Dips at Forbes Robert Lenzner [ I quite agree with Mr. Lenzner who has resisted through sound judgment the temptations and implicit pressures of the herd mentality on wall street. After all, bulls are cattle and hardly known for their brain power. ] ‘ Don’t listen to all the money managers selling their wares on tv ...’

(6-20-11) Dow  12,080 +76 Nasdaq  2,629  +13    S&P 500  1,278  +6   [CLOSE- OIL $93.98 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.65 (reg. gas in LAND OF FRUITS AND NUTS  $3.90 REG./ $4.00 MID-GRADE/$4.10 PREM./ $4.32  DIESELL) /  GOLD $1,542 (+24% for year 2009) / SILVER $35.83 (+47% for year 2009) PLATINUM $1,738 (+56% for year 2009)  Metal News for the Day / DOLLAR= .69 EURO, 80 YEN, .61 POUND STERLING, ETC. (How low can you go - LOWER)/  Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.96%       AP Business Highlights     ...Yahoo Market Update...   T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies -  Domestic / International   This Is a Secular Bear Market and The End of Buy and Hold … and Hope   The bull market that never was/were  beyond wall street b.s. when measured in gold ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data                     This Depression is just beginning The coming depression…  thecomingdepression.net The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

National / World

Huge Marine Drill Confirms Ground Invasion of Libya Kurt Nimmo | Exercise designed to test the capability of every type of Marine Corps aircraft.

Supremes Rule EPA Final Arbiter on Carbon Dioxide Kurt Nimmo | According to the high court, only the Environmental Protection Agency has the authority to mandate a reduction in emissions.

U.N. Exploits Libyan Refugees, Calls for Taxing “Rich” Nations Kurt Nimmo | NATO admits its illegal bombing raids kill children and says it will investigate itself.

One Nation Under….The Military-Industrial Complex Paul Joseph Watson | NBC edits out “under God” from pledge of allegiance during US Open coverage, replaces it with worship of empire.

Video Exposing Google Chief Schmidt Censored by You Tube Paul Joseph Watson | You Tube threatens to terminate Alex Jones Channel over baseless Obama Joker “racism” claim.

Bilderberg-Approved Perry Set to Become Presidential Frontrunner Paul Joseph Watson | Establishment to insert George W. Bush 2.0 as spoiler for Ron Paul Revolution.

Alex Jones: I’m Labeled an Extremist for Telling The Truth The Alex Jones Channel | Alex talks about World War 3, now in implementation stage.

NATO’s Terror Over Tripoli Tony Cartalucci | NATO declared mid-May that it would be “increasing the range of targets” it could hit, including “government infrastructure.”

Ron Paul: “I Want To Legalize Freedom. What’s So Bad About That?” Congressman Ron Paul fired back at an NBC host today for suggesting that he was a fringe candidate in the 2012 GOP presidential race, despite the fact that Paul won another straw poll over the weekend.

Supremes Rule EPA Final Arbiter on Carbon Dioxide On Monday the Supreme Court blocked a federal lawsuit launched by conservation groups to force power plants to reduce so-called greenhouse gases. The ruling was 8-0.

U.N. Exploits Libyan Refugees, Calls for Taxing “Rich” Nations Bureaucrats at the United Nations want “rich” countries to tax their citizens to pay for an exploding refugee problem, the Financial Times reports today.

Minister Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan exposed the U.S. and NATO’s criminal War Libya and Africa during a June 15, 2011 Press Conference at the UN Plaza Hotel.

One Nation Under….The Military-Industrial Complex NBC Sports has been forced to apologize following an outcry after the network deliberately edited out the words “under God,” from the US pledge of allegiance in a video segment for the US Open that showed images of US troops, but the edit has nothing to do with NBC’s purported “liberal bias” and everything to do with the fact that NBC is owned by the US military-industrial complex.

‘Technical Error’: NATO admits killing babies NATO has admitted that civilians were killed in an air strike on a Tripoli suburb on Sunday. Gaddafi officials say two babies were among the nine dead.

9/11 and the Orwellian Redefinition of “Conspiracy Theory” While we were not watching, conspiracy theory has undergone Orwellian redefinition.

Barack Obama impersonator hauled offstage at Republican gathering A comedian impersonating Barack Obama at a gathering of Republican activists was ushered offstage after making series of racially tinged jokes about the president’s biracial background

Gold Rises To New Record In GBP – Close to Near Record Highs In Euros And Most Currencies On Global Debt Contagion Risk Gold is being supported as default risk has increased after EU finance ministers failed to agree on a new Greek loan package. Gold priced in sterling rose to new record nominal highs this morning at £954.84/oz and the weakness of the euro has seen gold rise to touching distance (9 euros) from new record highs in euro terms at €1,088/oz.

Bilderberg-Approved Perry Set to Become Presidential Frontrunner Every indication suggests that Bilderberg-approved Texas Governor Rick Perry is set to become the frontrunner in the Republican race to challenge Barack Obama for the presidency, illustrating once again how a shady, secretive and undemocratic global elite holds the reigns of true power while Americans are distracted by the delusional notion that they have a genuine choice in 2012.

The Elite’s Plan for Global Extermination Exposed by Dr. Webster Tarpley Infowars.com | This interview conclusively exposes scientific elite’s true agenda, world-wide genocide and the formation of a global government to rule.

Video Exposing Google Chief Schmidt Censored by You Tube Paul Joseph Watson | You Tube threatens to terminate Alex Jones Channel over baseless Obama Joker “racism” claim.

‘Up To Seven Civilians Dead’ In Tripoli Air Strike Sky News | Libyan officials have said up to seven civilians were killed in a Nato air strike in eastern Tripoli in the early hours of Sunday morning.

US-NATO are Planning a Ground War in Libya, Military Intervention in Syria Bob Chapman | Bilderberg intended to launch new war in the Middle East, with Syria being its prime target.

Ron Paul Wins RLC Straw Poll in a Landslide New American | Ron Paul won the Republican Leadership Conference straw poll by a landslide in New Orleans Saturday.

Senators Unconcerned About Massive Consequences Of Criminalizing Embedding YouTube Videos Tech Dirt | They were clearly made aware of problems with the bill, but directly chose not to make any changes.

The Collapse of Nations All By The Hand Of Corrupt Bankers Bob Chapman | The current situation regarding the state of recovery in the US has turned from precarious to dismal.

Trading Of Over The Counter Gold And Silver To Be Illegal Beginning July 15 Zero Hedge | We are waiting to see which other dealers inform their customers that trading gold and silver over the counter will soon be illegal.

Anti-austerity protests spread across Europe Euronews | “Society is paying for this crisis and that’s what we want to change.”

Greece faces power outages due to austerity strike AP | Greece faced power outages on Monday as employees at the main power utility began 48-hour rolling strikes to protest the company’s privatization.

Clinton on Syria: Astounding Lies, Zero Legitimacy Out of either desperation or immeasurable hubris, Secretary of State Hillary Clinton has just attempted to rewrite the last 3 months of history, contradicting her own department’s statements made during the onset of the Syrian unrest.

World Stocks, Crude Prices Fall After Europe Delays Greek Decision World stocks, the euro and crude prices fell on Monday and bond yields in heavily indebted euro zone countries jumped after the region’s finance ministers delayed a final decision on extending emergency loans to Greece.

Syria president insists he is loved as he condemns foreign conspiracy behind protests Bashar al-Assad, the Syrian president, has blamed the unrest gripping his country on foreign conspirators and Islamic extremists, insisting that his people loved him more than ever.

Gates warns Congress not to cut off Libya funds Defense Secretary Robert Gates warned Congress on Sunday not to cut off funding for U.S. military involvement in Libya and predicted that the operation targeting Libyan leader Muammar Gaddafi’s forces will “end OK.”

US drops charges against bin Laden Federal prosecutors dropped charges against Osama bin Laden from attacks spanning more than a decade, officials said in court papers filed in US District Court in New York Friday.

More than 100,000 in Spain anti-crisis protests More than 100,000 protesters took to the streets in Spain on Sunday blaming bankers and politicians for causing a financial crisis that forced the country to adopt painful spending cuts.

Bombing Of Civilians In Libya Deliberate? NATO’s bombing of civilians in Libya looks as if it is deliberate.

NATO strike kills 15 Libyan civilians BEIJING, June 21 (Xinhuanet) -- Libya's official government spokesman says 15 civilians were killed by a NATO airstrike on the home of one of Muammar Gaddafi' top officials in Surman, 70 kilometers west of Tripoli.

Sen. Al Franken: Congress must vote on Libya Sen. Al Franken (D-MN) said that congressional approval would be needed to authorize continued U.S. military intervention in Libya.

For Greece, $160B wasn’t enough Officials involved in the financial rescue in the spring of 2010 didn’t expect to be back so soon. (Washington Post) [ And yet, this dire predicament for Greece mirroring a similar dour scenario globally, and pervasively corrupt, defacto bankrupt america particularly is in reality but a small part of the equally dour prospects for stocks. Stocks rally on b***s*** alone from the eurozone on a purported, though unannounced plan by merkel and sarkozy (a zionist now preoccupied with the Libya fiasco Drudgereport: FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA...) to avoid greek default. Yet, default per se is not the problem. Indeed, China has already said, correctly defacto if not technically, that america’s already is in default [Drudgereport: CHINA: USA 'ALREADY DEFAULTING'... ]. The reason for the meaninglessness of the distinction is that sovereigns, ie., defacto bankrupt america, etc., can continue to print currency thus debasing the value of same as alluded to by China, thus as does inflation, ‘bankrupting the lender’. Importantly, there just isn’t sufficient value on this entire planet and certainly on the ‘investable horizon’ to offset the worthless paper, toxic assets, among the huge amounts of unrepayable debt (promises to pay) both intra-national and international. The waning full moon also accounts for the action to the upside as the lunatic, criminally insane, lunatics / frauds on fraudulent wall street attempt to keep the other lunatics / suckers suckered with contraindicated rally on insurmountably bad news (no, those new apartment building construction numbers change nothing). This is all pre-2012 election year unaffordable obfuscation of failure across the board. Amazingly, the lunatics on wall street now have plenty of company worldwide, particularly that nato / eu bunch bringing to mind that old adage of ‘apples not falling far from the trees’, conversely speaking. Paying attention to Robert Lenzner, infra, and Toby Connor, among others, is wise counsel. Prepare for Next Leg Down in Secular Bear Market, Beginning of Next Recession / Depression at Minyanville Toby Connor June 16, 2011 And this time it's going to be much, much worse than in 2008. ‘Don't let the perma bulls fool you -- this is not a normal correction, and it has nothing to do with Greece or Spain. This is the beginning of the next leg down in the secular bear market and the start of the next economic recession/depression. And this time it's going to be much, much worse than it was in '08…’ The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed… an especially great opportunity to sell / take profits while you still can since there's much worse to come!

America’s shine is wearing off I know why we are falling into a cataclysm of debt and can’t get out. (Washington Post) [ Ah, yes. The Puritans. Of noble purpose, religious freedom, freedom generally did they come to these shores. A rare exception to the influx of immigrants to this young nation who turned out to be more a virus to the indigenous peoples of this land than what could have been expected from those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those so positioned abroad would have represented a positive addition to the gene pool which, borrowing from an insurance term, viz., adverse selection, springs forth the notion of inevitability to the genocide of the indigenous populations while guaranteeing the decline we see throughout this foundering nation. The effects of these negative predispositions toward inherent criminality is certainly being felt globally as well as domestically and has little to recommend it. My own direct experience with the region(s) (particularly new jersey, new york, virginia, connecticut, california) carves out no exception for the prevalence of the worst of human nature; which is now collectively and pervasively americana. Report: SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm

The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed… an especially great opportunity to sell / take profits while you still can since there's much worse to come! Selling In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher.

Focus Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs, extinction, at least in a manner of speaking. Global information exchange at lightning speed has made such throwbacks to a lost era, propaganda, and maladaptive traits foolish at best, deadly at worst. Intelligent people worldwide aren’t buying the obsolete, Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc.; more specifically, diversion of the masses from the glaring failures of leadership, economic and otherwise.

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Carlyle picks underwriters for IPO (Washington Post) [ Clearly part of the problem. ‘Cashing out’ while the ‘goin’s good’, gettin' out while the gettin’s good? Well what else is wall street for? Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed… an especially great opportunity to sell / take profits while you still can since there's much worse to come! Selling In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ He’s not alone! PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Previous: Carlyle Group planning IPO (Washington Post) [ Come on! Mr. Heath makes this sound like an almost public service endeavor to serve the public interest in some vague, nondescript fashion (What of real value do they do? … kind of like the fraudulent wall street high-frequency trading churn-and-earn … Nothing! … Like parasitic termites eating away at the foundation of the nation); poppy’s estate plan is maximized, along with the other principal’s financial interests by cashing out through this ‘public offering / scam’ as for the most part, this era of their ‘jig is up’ . Meet The Carlyle Group - Former World Leaders and Washington ... How will President George W. Bush make a personal fortune from the War on Terror? The old fashioned way. He'll inherit it; Meet the Carlyle Group.
www.hereinreality.com/carlyle.html

How will President George W. Bush personally make million$, if not billion$ from the War on Terror? The easy way. He'll inherit it.

Meet the Carlyle Group

Former World Leaders and Washington Insiders Making Billions in the War on Terrorism

Bush Baker Carlucci Darman Major Ramos

http://www.angelfire.com/indie/pearly/htmls/bush-carlyle.html Investment giant says it will likely sell shares. Defense Secretary Robert M. Gates tours eastern Afghanistan, days before the Obama administration is scheduled to complete a major review of its war strategy. ]

Wall Street snaps six-week decline The Dow Jones closed in positive territory, ending the longest series of weekly losses since 2002. (Washington Post) [. Stocks rally on b***s*** alone from the eurozone on a purported, though unannounced plan by merkel and sarkozy (a zionist now preoccupied with the Libya fiasco Drudgereport: FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA...) to avoid greek default. Prepare for Next Leg Down in Secular Bear Market, Beginning of Next Recession / Depression at Minyanville Toby Connor June 16, 2011 And this time it's going to be much, much worse than in 2008. ‘Don't let the perma bulls fool you -- this is not a normal correction, and it has nothing to do with Greece or Spain. This is the beginning of the next leg down in the secular bear market and the start of the next economic recession/depression. And this time it's going to be much, much worse than it was in '08…’ Yet, default per se is not the problem. Indeed, China has already said, correctly defacto if not technically, that america’s already is in default [Drudgereport: CHINA: USA 'ALREADY DEFAULTING'... ]. The reason for the meaninglessness of the distinction is that sovereigns, ie., defacto bankrupt america, etc., can continue to print currency thus debasing the value of same as alluded to by China, thus as does inflation, ‘bankrupting the lender’. Importantly, there just isn’t sufficient value on this entire planet and certainly on the ‘investable horizon’ to offset the worthless paper, toxic assets, among the huge amounts of unrepayable debt (promises to pay) both intra-national and international. The waning full moon also accounts for the action to the upside as the lunatic, criminally insane, lunatics / frauds on fraudulent wall street attempt to keep the other lunatics / suckers suckered with contraindicated rally on insurmountably bad news (no, those new apartment building construction numbers change nothing). This is all pre-2012 election year unaffordable obfuscation of failure across the board. Amazingly, the lunatics on wall street now have plenty of company worldwide, particularly that nato / eu bunch bringing to mind that old adage of ‘apples not falling far from the trees’, conversely speaking. Paying attention to Robert Lenzner, infra, and Toby Connor, among others, is wise counsel. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed… an especially great opportunity to sell / take profits while you still can since there's much worse to come!

Gaddafi defiant as bombing continues NATO strikes the Libyan capital at the four-month mark of the uprising that plunged country into civil war. Report: Obama overruled lawyers on air war Boehner sharpens criticism of Obama on Libya

(Washington Post) [ Drudgereport: PAPER: 2 Top Lawyers Lost to Obama in Libya War Policy Debate...
'Extraordinarily rare'... [ ‘WASHINGTON — President Obama rejected the views of top lawyers at the Pentagon and the Justice Department when he decided that he had the legal authority to continue American military participation in the air war in Libya without Congressional authorization, according to officials familiar with internal administration deliberations. Jeh C. Johnson, the Pentagon general counsel, and Caroline D. Krass, the acting head of the Justice Department’s Office of Legal Counsel, had told the White House that they believed that the United States military’s activities in the NATO-led air war amounted to “hostilities.” Under the War Powers Resolution, that would have required Mr. Obama to terminate or scale back the mission after May 20…’ ]
Greek rating now worst in the world...
CCC...
Likely Default...
USA in Even 'Worse Shape Financially Than Greece'...

Obama Launching World War III Infowars.com | The international banking cartel is using Obama and the US military to start World War III.

Globalists Call For ‘Big War’ The secret globalist group “Bilderberg” called for a big war by expanding the turmoil in Libya into a full-scale conflict involving the entire Middle East except for Israel. This is a grim and bloody outlook, because, historically, every time Bilderberg orders war, the guns begin to shoot.

Gaddafi on Libyan TV pledges to defeat NATO Libyan TV aired an audio speech from leader Muammar Gaddafi on Friday in which he vowed to defeat the NATO alliance trying to dislodge him from Tripoli.

Globalists Want Permanent Occupation of Iraq Paul Joseph Watson | US has “no intentions of ever leaving” even as December deadline nears.

Focus Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs, extinction, at least in a manner of speaking. Global information exchange at lightning speed has made such throwbacks to a lost era, propaganda, and maladaptive traits foolish at best, deadly at worst. Intelligent people worldwide aren’t buying the obsolete, Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc.; more specifically, diversion of the masses from the glaring failures of leadership, economic and otherwise.

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Drudgereport: TEMPLETON chairman: Financial Crisis 'Around Corner'...
'WE ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...'
CHINA: USA 'ALREADY DEFAULTING'...

FARRAKHAN: 'THAT'S A MURDERER IN THE WHITE HOUSE'...
THE NEW 'NORMAL'

Iraq hunting $17 billion missing after U.S. invasion...
NATO NIGHTMARE: 9 CIVILIANS KILLED [NATO strike kills 15 Libyan civilians]
German Giant Says US Workers Lack Skills...
PAPER: AMERICA'S LOST DECADE?
States look to Internet taxes to close budget gaps...

SPANIARDS ON MARCH OVER BLEAK PROSPECTS...

House will move this week to limit funding for effort in Libya...

'DON'T BE SURPRISED IF ATHENS GOES UP IN FLAMES'...
GREEK PM PLEADS FOR UNITY!
...warns against default
Threat to downgrade Italian debt raises contagion fears...

PAPER: AMERICA'S LOST DECADE?

Bachmann: Obama 'has failed' blacks, Hispanics... [ Come on! ‘Wobama the b’ (for b***s*** has failed everyone. ]
Presidential no-show miffs Hispanics...
African-American unemployment at 16%... [ But there’s rationality in this stat as people avoid their disgustingly uncivilized noisy rap ‘boomboxes’. ]

SHE'S OFF! (on the road again) Michelle Obama embarks on Africa visit … (stay there!) ...

Federal Tax Receipts Show Economy Grinding to a Halt

Sell On The Rallies- Don't Buy On the Dips at Forbes Robert Lenzner [ I quite agree with Mr. Lenzner who has resisted through sound judgment the temptations and implicit pressures of the herd mentality on wall street. After all, bulls are cattle and hardly known for their brain power. ] ‘ Don’t listen to all the money managers selling their wares on tv.  Unfortunately, this is a watershed moment for investors again– and I’m feared all the negatives in the world are seeming to overwhelm. We are in midst of 7th straight week down.QE2 will end in 15 days– and it played  a strong support system for equities– up 25%, oil, up 25% and gold, up 25% ever since September, 2010 when Fed Chairman Ben Bernanke signaled he wanted to increase the wealth on paper of investors. If equities are on the way down– and the rout today overwhelmed the gains yesterday– then you  will experience the double whammy of stocks and homes losing value at the same time–  to what extent nobody knows. Money center banks like Bank of America certainly face write-downs from their huge portfolio of home mortgages. Wells Fargo, a Berkshire holding, is one of the widest held stocks by the mutual fund industry. Yes, The Greek economy is in deep trouble, but the larger problem is the holdings of European banks in the loans of Greece, Ireland, Portugal, Spain and Italy. Already, Moodys is talking about downgrading 3 major French banks. It’s the turn of the British and German banks to face huge write-offs on their loans to troubled nations– and secondarily the need to raise more capital themselves. I was informed this morning that some large money market funds in the US may hold large amounts of European bank paper, which could be difficult to liquidate in the current market environment.   We’ll try to check out which ones, but you may recall that PIMCO lost most of the $3.4 billion in Lehman Brothers fixed income securities it owned. Then, there’s the uncomfortable coincidence of the sell off in the emerging nations, especially China where inflation is running at 6%, and the understandable softness in major commodities like oil– $94 in the US today,  while the dollar rallied and gold looks to have lost its momentum. Indeed, this is a watershed moment. Just because cash is yielding nothing is no good reason to be 100% invested in common stocks.’

3 Reasons Why Friday’s Markets Were Mixed After Greek News June 17, 2011 Wall St. Cheat Sheet ‘Markets closed mixed on Wall Street: Dow +0.36% , S&P +0.30% , Nasdaq -0.28% , Crude -1.98 , Gold +0.63% .

On the commodities front,  Oil (NYSE:USO) continued to fall, closing at $93 a barrel, while precious metals were both up slightly, with  Gold (NYSE:GLD) adding nearly $10 to close at $1,539 and  Silver (NYSE:SLV) showing modest gains of 0.87%, about 30 cents.

Today’s markets were mixed because:

1) Greece gets on track . Sort of. German Chancellor Angela Merkel and French President Nicolas Sarkozy both spoke Friday in a joint news conference, stressing the fact that they were working to preserve the stability of the euro while nearing a consensus on how to handle Greece’s bailout that won’t require private sector involvement while also (hopefully) preventing restructuring and default. The EU breathed a small, collective sigh of relief after the conference, and the euro made a 1.28% gain against the U.S. dollar.

2) Conflicting Data. Again. The Conference Board announced today that the Leading Economic Index for the U.S. showed an increase of 0.8% last in May , but a Thomson Reuters survey showed that consumer sentiment in June dropped even more than had been expected after being up in May. In the meantime, the housing market continues to be poor, and unemployment is a consistent problem. Despite yesterday’s announcement that jobless claims had decreased, companies like Research in Motion (NASDAQ:RIMM) are having lay off workers as net profits and revenue continue to decline.

3) Gas Prices . The one tiny beacon of hope comes in the form of lower gas (NYSE:UGA) prices, which continue to fall off record highs last month. Crude was trading over $100 a barrel last week but is now down around $93 today, with gas prices between $3.50 and $3.70 in most states, well below the $4-plus many were seeing in May. ‘

Prepare for Next Leg Down in Secular Bear Market, Beginning of Next Recession / Depression at Minyanville Toby Connor June 16, 2011 And this time it's going to be much, much worse than in 2008. ‘Don't let the perma bulls fool you -- this is not a normal correction, and it has nothing to do with Greece or Spain. This is the beginning of the next leg down in the secular bear market and the start of the next economic recession/depression. And this time it's going to be much, much worse than it was in '08.

For months now I've been warning investors to get out of the general stock market. I was confident that once the dollar put in its three-year cycle low the next deflationary period would begin and stocks would enter the third leg down in the secular bear market.

Well, the dollar did put in the major three-year cycle bottom in May and stocks almost immediately started to head down. This won't end until stocks drop down into the four-year cycle low due sometime in mid to late 2012.

Let me explain to you what is unfolding so you don't listen to Wall Street or CNBC and get sucked down into the next bear market.

In a healthy bull market, intermediate degree corrections hold well above the prior cycle troughs. Higher highs and higher lows. When that pattern of higher highs and higher lows on an intermediate time frame gets violated it is almost always a sign that the market is topping. We are at that stage now as the market is moving down to test the March intermediate cycle low.

http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%201.jpg

Oil has already violated its intermediate bottom. Energy stocks are a big part of the S&P and they are going to be a big drag on the index going forward.

http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/Bear%20chart%202.jpg
Click to enlarge

In a healthy bull market we shouldn't even come close to testing the March low. Actually this market hasn't been healthy since last summer. That was the point at which I recognized the large megaphone topping pattern that was being driven by a double dose of quantitative easing (QE).

http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%203.jpg

Last year the market was able to push higher for almost a month on momentum after QE1 ended. This market has already rolled over even though QE2 isn't scheduled to stop until the end of June. The conclusion is that the market is much weaker now than it was when QE1 ended. We all know what happened last year when the money pumps were shut off. It led to the flash crash and a severe stock market correction. It would have led to a new bear market except Ben Bernanke quickly started QE2.

Actually QE is the reason the market is in trouble. Just like I said over two years ago, all QE did was give us a brief reprieve and temporarily reflated asset markets. I knew all along it wouldn't create jobs, and it didn't. (Well, I guess a few bankers got to keep their jobs and pay themselves some big bonuses, but the general population was never going to prosper from QE.)

As a matter of fact, just as I said it would, QE ultimately spiked commodity inflation, and just like I knew it would, commodity inflation has now poisoned the global economy, crushed discretionary spending, squeezed profit margins, and is sending the world down into the next recession.

Unfortunately we are entering this recession in a much weaker state than we went into the last one. Real unemployment is somewhere around 12-15%. It is going to get much, much worse. I often wonder how in the world we could appoint the people we did to run our monetary policy. How many times must they make the same mistake before they figure out that they are the cause of our problems?

But enough Fed ranting -- back to the market.

Not only do we have a market that is testing the prior intermediate cycle low when it shouldn't be, we also have a clear topping pattern in place. Just like in '07 the market managed a marginal breakout to new highs in May that failed to follow through. You can see the same thing occurred in October of '07. This is quite often how markets top...or bottom for that matter. A technical level is breached; technicians either buy the breakout or sell the breakdown. Smart money fades the move and the market reverses. This is exactly how the '07 top was formed. It's also how the market bottomed in '02. And now the cyclical bull has topped with that exact same reversal pattern in 2011.

http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%204.jpg

This isn't the only warning sign, unfortunately. The banks and housing have been diverging from the rest of the market for some time. These two sectors are still impaired and will remain so no matter how much money the Fed throws at them. They led the market down into the last bear and they are leading it into the next bear.

http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%205%20good.jpg

Here is what I expect to happen over the next two months: We should soon test the 1249 intermediate cycle low. Actually I think we will probably marginally break below that level. As most of you probably know by now, breakdowns and breakouts almost always fail to follow through. So I expect we will see a violent countertrend rally once the March low is penetrated. That should wipe out all the technicians who sell into the breakdown.

http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%206.jpg

However the rally, although I'm sure it will be convincing, will almost certainly be a countertrend affair that will quickly fail. The problem is that the current daily cycle is only on day 12. That cycle on average runs 35-45 days trough to trough. So once the counter trend rally has run its course we should have another leg down. And that leg down will almost certainly cause tremendous damage to the global stock markets.

Once the market penetrates the coming low it shouldn't be long before traders recognize that something is terribly wrong. At that point everyone is going to head for the exits at the same time which should lead to some kind of waterfall decline bottoming around the middle of August. This is when I expect Bernanke to freak out and initiate QE3. I have no doubt the market will rally violently on the news as traders have become conditioned to expect QE to drive stocks higher. I expect we will see the market test and maybe even penetrate the 200-day moving average during the fall rally.

http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%207.jpg

However this, too, will only be a countertrend affair. QE is the cause of our problems and more of it isn't going to make things better, it will only make them worse as it will start to spike commodity prices again into a rapidly weakening economy. Remember, spiking commodity inflation is what caused this in the first place. Doing it again as the economy rolls over into recession is only going to guarantee that this turns into a depression instead of just a severe recession.

Traders and investors need to start preparing for what's ahead. If you are still invested in the general stock market, I believe you should exit -- either now, or into the rally that should come off the March lows in the next week or two. Don't get fooled by the analysts who will be telling you the correction is over -- it won't be. This won't be over until late July or early August.

Get back into dollar-denominated assets as the dollar will continue to rally and gain purchasing power in a deflationary environment.

Once it's appropriate we will transfer assets back into gold and precious metals, but it's still too early for that. Gold needs to move down into an intermediate cycle low before we want to buy. My best guess is gold will dip down to somewhere around $1400 over the next four to five weeks.’

Worst Market In Nine Years Spells Worsening Woes at Forbes Robert Lenzner StreetTalk …

All this hasn’t punctured the wishful thinking at the Fed and on  Wall Street, where  corporate profits are expected to prove stock prices are too cheap. Here’s the list of  the wishful thinking items  I heard or read  today;

*There won’t be a default on US debt– or even a reduced credit rating. I have to admit a  gnawing anxiety about resolving budget cuts sufficient to raise the debt limit by  trillions. Yes, trillions. Could there really be a political stalemate and flirtation with a crisis over our finances? I’m beginning to think the worst of all possible worlds. China and Germany are looking to reduce our credit rating. Comes the revolution, an overthrow of American financial superiority.

*Oil prices will  decline and that  development will allow consumers to spend money and stimulate the economy. Maybe they will– and maybe they won’t. Rules should installed to limit speculation in energy futures by institutional investors.

*We are close to a bottom in housing. My answer; we’ve been told   we were close to a bottom for many months now– and it’s an absurd notion. Yale’s Schiller is suggesting the loss in housing values could be another 10-20%. Goldman Sachs called this horror story over a year ago.

* If the economy doesn’t pick up, Fed Chief Bernanke will declare QE3. Except that QE2 failed to create jobs or economic activity. It only served to help speculators in gold, silver and oil. There will be an outcry if QE3 is declared as it only helps the gold lovers– and they are already filthy rich.

* The bank stocks are selling below book value; their balance sheets are clean. It’s an enormous buying opportunity. Then, why was there talk about busting up Morgan Stanley today. Liquidating a major investment bank?  Now, that’s a devilish sign of serious trouble on the horizon.

*Here’s the most unhealthy element that’s operative; corporate profits and executive compensation have been strong– while wages for ordinary Americans are lower. “What is  to be done?” asked Lenin in 1917. Neither the White House nor Wall Street know what to do to turn this decline around.

We are all being challenged by a deterioration that seems to have no obvious public policy solution. Pain is coming.’

Wall Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press” climaxed Sunday  with a startling market prognostication from David Brooks, conservative columnist for the NY Times. The risk of a debt default over the combustible issue of the Medicare deficit hangs over the course of the stock market. Buyers Beware!“I was up in Wall Street  this week,” Brooks said. “They’re vastly underestimating the source of piolitical risk here. We could have a major problem, I think, either this summer or the next couple years. And I’d be worried about investing too much in the market. That’s my financial advice.”…’ Another Financial Crisis Is On The Way, Mobius Says STOCKS HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline..’ ] States face shortfall for retirees (WP) Public workers’ retirement funds had a gap of $1.26 trillion at the end of fiscal 2009 Study: Affordable rentals scarce (WP) Poll: For Obama, low marks on Afghan war (WP) More Americans disapprove of President Obama’s management of the war in Afghanistan than support it Fuel prices cut into Obama popularity (WP) (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast turmoil to obfuscate their failure. Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come!

Where Is The Recovery? I Cannot Seem To Find It Tony Pallotta | If the US government reduced spending by 40% today, right this second we still could not put a dent in a $12 trillion national debt.

Sen. Sanders Spurs Return to ‘Made in America’: Says U.S. Future Depends on It The Daily Ticker [Who would be foolish enough to say Sen. Sanders’ heart isn’t in the right place from the perspective of a u.s. senator. Yet, who would be so foolish as to not realize how foolish such a statement is in evincing a clear lack of understanding in terms of business, tooling, retooling, investment and return on investment, minimum or less wages, etc., and decades if at all to accomplish. The reality is that they can’t unring the bell that they themselves rung, even laughing as they did so at, for example, Ross Perot who admonished all. The futility of the belated rhetoric is that it can’t be accomplished in the foreseeable future that counts. ]

Are we in for a Double-Dip? [ Yes! ] Simon Maierhofer June 17, 2011 ‘Over the past few weeks various economic indicators have been building a coffin for the U.S. economy. Is the last nail about to be hammered in?

Before we entertain the much dreaded D-D word (Double Dip), let's take a look at some of the economic numbers and see if it's really that bad.

Housing Market

May's data for housing was all bad. It started out with weak housing starts reported on May 17 and continued with worse than expected pending home sales (May 27) and an S&P/Case-Shiller Home Price Index that dipped to the lowest level since March 2003.

The discrepancy between the performance of real estate (NYSEArca: IYR - News), REIT ETFs (NYSEArca: VNQ - News), and the actual real estate market has long highlighted the absurd power of QE2 to lift stocks but leave the rest of the economy in the dust.

The chart below shows the performance of the S&P/Case-Shiller Home Price Index (20-Composite).

http://www.etfguide.com//contributor/UserFiles/8/Image/SPCase-Shiller.gif

Unemployment

This weekend's Wall Street Journal put a positive spin on the jobless report and simply stated: 'Job market loses momentum.' If you really look at the numbers, you'll see that the jobless recovery never had any momentum.

It's taken a lot of lipstick and statistical alchemy, such as excluding workers that have been out of a job for more than 99 weeks and simply decreasing the workforce, to keep this 'pig' more presentable than it really is.

Consumer Confidence

Consider this for a moment. In May 2011, small caps (NYSEArca: IWM - News) and mid caps (NYSEArca: IWR - News) reached an all-time high. I won't spend time pointing out how contradictory this is to the global economic (NYSEArca: EFA - News) picture.

Despite certain segments of the market being at all-time highs and the Dow Jones (DJI: ^DJI), S&P (SNP: ^GSPC), and Nasdaq (Nasdaq: ^IXIC) at new recovery highs, the Consumer Board's Consumer Confidence Index was at a dismal 60.8 in May.

http://www.etfguide.com//contributor/UserFiles/8/Image/CCB%20Confidence%20Index.gif

As the above chart shows, the average reading since 1967 is 94.5. The current reading is lower than it was after the 9-11 attacks and about as low as in 2002. Consumer spending accounts for 75% of GDP. What happens if the consumer doesn't feel confident?

Worse than Expected

Other worse than expected numbers in May came from the Empire State Manufacturing Survey, Redbook Retail Survey, Philly Fed Survey, Durable Goods Orders, GDP, Chicago PMI, and the ISM Manufacturing Report.

They were worse than expected because economists - who are generally bullish at the top and bearish at the bottom - expected much better numbers. Thanks to Citigroup, it is now possible to quantify just how right or wrong economists are.

The Citigroup Economic Surprise Index measures actual data outcome relative to consensus expectations. A positive index reading means that economic releases have, on balance, been beating consensus estimates. As of June 2, the index was at -91 (see chart below). By June 16 it had dropped to -101.

http://www.etfguide.com//contributor/UserFiles/8/Image/Citigroup%20ESI.gif

Dare to be Different

Unlike most economists, the ETF Profit Strategy Newsletter expected the market to peak out after an April rally. Following a low-risk entry against major Fibonacci support at 1,255 in March, the S&P formed a rare bullish dragonfly doji. The Newsletter's forecast for the month of April (issued on April 3) read as follows:

'A dragonfly doji generally carries bullish implications. Considering the overall technical picture and the bullish April seasonality, higher prices seem likely and odds favor a buy the dips strategy over the next 1-3 weeks. There is a fairly strong Fibonacci projection resistance at 1,369. In terms of resistance levels, the 1,369 - 1,xxx (reserved for subscribers) range is a strong candidate for a reversal of potentially historic proportions.'

The importance of 1,369 was re-emphasized again on May 1, with a recommendation for aggressive investors to short the S&P against 1,369. Following a 46-month low in the VIX (Chicago Options: ^VIX) on Friday April 29, the S&P topped on Monday May 1, at 1,370 and hasn't really looked back since.

Adjusting the Sensors

The purpose of any sensor, gauge, or indicator is to signal trouble before it happens. A 'Check Engine' light doesn't help much if it lights up after the engine blows. The proverbial canary in the coal mine is vital because it smells toxic gases before anyone else does.

Unfortunately, Wall Street doesn't subscribe to the concept of prevention, and neither do economists. If they did, there wouldn't have been a 2002 tech crash (NYSEArca: XLK - News), a 2005 real-estate crash, or a 2007 financial crash (NYSEArca: XLF - News).

Many economic indicators (and the economy) never really recovered. Normally this is reflected in stock prices. However, like a muzzle, QE2 has restrained the stock market from expressing its feelings freely. Investors may hope that Mr. Bernanke will unleash some version of QE3, but now is not the time to base investment decisions on hope. After a 100%+ rally from the 2009 low, the easy money has been made…’

16 Meaningless Market Phrases That Will Make You Sound Smart On TV The Daily Ticker 

Here are the16 Meaningless Market Phrases That Will Make You Sound Smart On TV

CNBC's 15 Most Embarrassing Bloopers Slideshow Thwarter on Nov 4, 12:20 PM said:

Here's a complete list for those of you who have better things to do than waste your time indulging this site's desperate ploy for clicks:

Charlie Gasparino's F-Bomb
Live Toilet Flushing With Larry Summers
Jeff Macke Has Weird On-Air Meltdown
Michelle Caruso-Cabrera Calls "Bullshit" On Obama
Mortgage Lawyer Sinks Into Water
Illuminati to Blame for Economy's Woes
CNBC Screws Up Microsoft Earnings Call
Analyst Has A Weird Moment
Paul Volcker Walks Out On Maria Bartiromo
Dan Lyons Rips Into Jim Goldman
Charlie Gasparino's "What I Got" Episode
Not a blooper, just a pure homerun: Rick Santelli's "Rant of the Year"
Brilliant: Cramer's Prescient Market Meltdown
Another amazing moment: Cramer Freaks Out, Attacks Guest
Another instant classic: Obama Swats Fly During Interview

Read more: http://www.businessinsider.com/the-10-best-cnbc-screw-ups-2009-11#charlie-gasparinos-f-bomb-1#ixzz1PbIEJdXN

[video]Trader: Dow Could Drop to 10,500 TheStreet.com TV

The day in 2011 that will change your life – overnight(!) WARNING: What you are about to see is controversial, and may be offensive to some audiences. Viewer discretion is advised. http://www.stansberryresearch.com/pro/1011PSIEND49/LPSILC42/PR

IMF cuts U.S. growth forecast, warns of crisis Reuters | The IMF, in its regular assessment of global economic prospects, said bigger threats to growth had emerged since its previous report in April.

How Miserable? Index Says the Worst in 28 Years When it comes to measuring the combination of unemployment and inflation, it doesn’t get much more miserable than this.

Top 4 Reasons To Tell Everyone You Know About the Coming Wealth Transfer Oftentimes, we feel like we are wandering the labyrinth of life without anything really happening.

Greek debt crisis: billions more will be pumped in to rescue Greece The International Monetary Fund is preparing to pump more money into Greece’s stricken economy in an attempt to calm turmoil on the financial markets.

Europe’s ‘Lehman Moment’ Looms as Greek Debt Unravels Markets: Euro Credit The European Union’s failure to contain the Greek debt crisis is sending fresh shockwaves through currencies, money markets, equities and derivatives.

(6-17-11) Dow  12,004 +42 Nasdaq  2,616  -7    S&P 500  1,271  +3   [CLOSE- OIL $93.39 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.69 (reg. gas in LAND OF FRUITS AND NUTS  $3.93 REG./ $4.04 MID-GRADE/$4.14 PREM./ $4.35  DIESELL) /  GOLD $1,539 (+24% for year 2009) / SILVER $35.83 (+47% for year 2009) PLATINUM $1,753 (+56% for year 2009)  Metal News for the Day / DOLLAR= .69 EURO, 80 YEN, .61 POUND STERLING, ETC. (How low can you go - LOWER)/  Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.94%       AP Business Highlights     ...Yahoo Market Update...   T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies -  Domestic / International   This Is a Secular Bear Market and The End of Buy and Hold … and Hope   The bull market that never was/were  beyond wall street b.s. when measured in gold ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data                     This Depression is just beginning The coming depression…  thecomingdepression.net The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

National / World

War On Syria: EU Imposes Sanctions Kurt Nimmo | Pentagon preparing for new wars in the Middle East.

Texas State Officials Groped By TSA As “Punishment” Steve Watson | Agents admit forceful pat-downs were conducted when officials opted out from body scanners.

Obama Launching World War III Infowars.com | The international banking cartel is using Obama and the US military to start World War III.

FBI Says Somali al-Qaeda May Attack Hotels Kurt Nimmo | Globalists moving into Yemen and Africa in a big way.

Apple wants to turn off iPhone cameras RT | Apple users have often found workarounds for many of the iPhones features since it was released.

US Naval and Troop Movements Toward North Africa, Middle East As Syrian Destabilization Escalates Webster Tarpley | If Obama continues to bomb Libya beyond next Monday he will be impeachment bait.

Globalists Want Permanent Occupation of Iraq Paul Joseph Watson | US has “no intentions of ever leaving” even as December deadline nears.

Goldman, JP Morgan Have Now Become A Commodity Cartel Tyler Durden | As They Slowly Recreate De Beers’ Diamond Monopoly.

Are Hacker Attacks False Flag Attacks to Justify a Crackdown on the Internet? LulzSec hasn’t demanded democracy, freedom, justice or any other worthy goals. They are just attacking websites. [ I personally believe a majority of the hacks are american cia / nsa sponsored. ]

Globalists Call For ‘Big War’ The secret globalist group “Bilderberg” called for a big war by expanding the turmoil in Libya into a full-scale conflict involving the entire Middle East except for Israel. This is a grim and bloody outlook, because, historically, every time Bilderberg orders war, the guns begin to shoot.

Gaddafi on Libyan TV pledges to defeat NATO Libyan TV aired an audio speech from leader Muammar Gaddafi on Friday in which he vowed to defeat the NATO alliance trying to dislodge him from Tripoli.

FBI Says Somali al-Qaeda May Attack Hotels Authorities in the United States are warning that al-Qaeda in Somalia plans to launch a Mumbai-style attack on the Ritz Carlton in London.

Obama Launching World War III In this critically important update, Alex warns that the international banking cartel is using Obama and the US military to start World War III.

Globalists Want Permanent Occupation of Iraq Despite the fact that U.S. troops are scheduled to leave Iraq later this year, chatter arising out of the recent Bilderberg conference in St. Moritz strongly suggests that the occupation will be prolonged indefinitely, even as US military forces prepare for new interventions in Libya and Syria.

Goldman, JP Morgan Have Now Become A Commodity Cartel As They Slowly Recreate De Beers’ Diamond Monopoly About a month ago we reported on an inquiry launched into JPM’s “anti-competitive” and “monopolistic” practices on the LME which have resulted in artificially high prices for a series of commodities which had been hoarded by the Too Big To Fail bank.

Ron Paul: Bold Economic Leadership Ron Paul has proven to be the voice of reason in American politics. For over three decades, he has been consistently and vigilantly sounding the alarm on runaway government spending and the out of control, destructive policies of the Federal Reserve System.

Is Obama About to Install a Commie at the Pentagon? Leon Panetta, Obama’s man at the CIA that he wants to send on to the Defense Department, is a Marxist according to Aaron Klein, writing for WorldNetDaily.

America Is Being Raped … Just Like Greece and Other Countries The war between liberals and conservatives is a false divide-and-conquer dog-and-pony show created by the powers that be to keep the American people divided and distracted.

Fluoride Is Good For You :) Luke was onsite in Dundalk and decided to interview Walter Graham about the ongoing stupidity of water fluoridation. Luke himself thinks that fluoride is great for the teeth but Walter decided to inform him of the truth.

INFOWARS EXCLUSIVE: Military Sources Reveal Ground Force Invasion of Libya Infowars.com has received alarming reports from within the ranks of military stationed at Ft. Hood, Texas confirming plans to initiate a full-scale U.S.-led ground invasion in Libya and deploy troops by October.

Nigel Farage: Bankers+politicians = ‘unholy alliance’ vs people Renowned Eurosceptic and British Euro MP Nigel Farage says saving the banks is why politicians are so determined to bail out Greece and keep it in the Eurozone.

Land of the Free? New York, New Jersey and California come out at the bottom of individual freedoms study Read more: http://www.dailymail.co.uk/news/article-2003910/New-York-New-Jersey-California-come-individual-freedoms-study.html#ixzz1PbgPZAy5

‘American Exceptionalism’ Just More NWO Rhetoric During the 2012 election campaign, you’ll probably be hearing a lot about “American exceptionalism,” particularly from the Republican presidential candidates. [ The only american exceptionalism today is in fraud, crime, and mental illness. Focus Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs, extinction, at least in a manner of speaking. Global information exchange at lightning speed has made such throwbacks to a lost era, propaganda, and maladaptive traits foolish at best, deadly at worst. Intelligent people worldwide aren’t buying the obsolete, Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc.; more specifically, diversion of the masses from the glaring failures of leadership, economic and otherwise.

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Pressed by party, Weiner resigns N.Y. congressman decides to step down following revelations that he sent sexually explicit messages and photos to women online. (Washington Post) [Drudgereport: WEINER ROASTED... [ Ah, yes. Weeny roast indeed. Ain’t gonna’ have Tony to kick around anymore. The end of a saga as Tony Weiner resigns. Truth be told, I’m a bit surprised. After all, as stated in a soundbite of a new york voter, ‘they (the rest of congress) are worse than him!’ Difficult to dispute. The truth, that is. Kind of like that scene in ‘Road to Perdition’ of mob boss Newman’s retort to hitman / enforcer Hanks, ‘there are only murderers in this room’. Point well-taken. After all, they backed bush’s war crimes, covered up wall street’s crisis-causing frauds in the trillions even to this day, are venal and corrupt even as they, along with the executive branch, scoffed at straight-shooters as Ross Perot who highlighted what is now recognized as gross incompetence, extended their tainted touch to the quid pro quo federal courts, etc.. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]
Press conference turns into circus...
NO HUMA...
MSNBC Host: 'Reminded me of Saddam Hussein hanging'...
REPORT: Could Run For Seat Again in Upcoming Special Election...
Congressman Joins Jobless Ranks...
...Approached for 'Entourage' Cameo

SEXTING WEINER OFF TO REHAB

NEW PHOTOS: Weiner Used Congressional Gym As 'Sexy' Backdrop...
Entering 'psychological treatment center'...
PELOSI: OUT... DNC BOSS: RESIGN...
Boehner gets laughs with quip...
PELOSI: You gotta' go...
DNC BOSS: RESIGN...
Chorus to quit grows...
WEINER WON'T GO
Cops probe texts to teen girl...
MSG: 'Large. Tights and cape'...
Weiner admits, says they were harmless...
Rangel defends: 'He wasn't going out with little boys'...
THE NEW TACK: Dem rep sick, needs treatment to 'make himself well'...
New X-rated Weiner photo hits web...
Weiner: That's my weiner, too...
Another Weiner Sexter Emerges...
POLITICO on Weiner: 'Dam is breaking'...
DEMS BAILING...
Old Flame Calls on Him to Quit... ‘…he transcript of a nine-month "sexting" relationship Weiner had with a Las Vegas blackjack dealer. Radar Online posted the transcript, and it is rife with misogyny and distorted views about women. In referring to oral sex, Wiener tells her, “You will gag on me before you c** with me in you” and “[I’m] thinking about gagging your hot mouth with my c***.” This is not about sex. It’s about dominating and inflicting physical pain on a woman, a fantasy the hard-core porn industry makes billions of dollars on selling to men. You don’t want to gag a woman with your penis unless you have some serious issues with the way you see women. As for his other views of women, he tells her, “I hear liberal girls are very, uh, accommodating of other[s],” playing on a bogus stereotype that politically liberal women are promiscuous. When he asks the woman, who is Jewish, “You give good h**d?” and she says yes, he exclaims: “Wow a Jewish girl who sucks c***! this thing is ready to do damage.” ‘[ What a total mental case! ]
REPORT: Weiner coached woman to lie...
TMZ: Offered PR help...
Dems Begin Peeling Off...
Breitbart says he has X-rated photo...
WHACKED, NOT HACKED!
'Used govt. resources'...
Breitbart: 'I Want To Hear Truth'...
6 'inappropriate' relationships...
ABCNEWS: Mystery Woman Revealed...
HER STORY...
Risqué Online Chats, Photo Swaps...
SLIDESHOW...
VIDEO: 'Web of lies'...
TWITTER TEARS: WEINER ADMITS
REPORT: Woman claims to have 200 explicit messages from NY Dem...
IT MIGHT BE MY WEINER! REPORT: WEINER'S TALE UNRAVELING... By Daniel Libit Sunday, June 5, 2011 ‘As the world has attempted to make sense of Rep. Anthony Weiner’s claim that his Twitter account was hacked, a key clue has been missing: exactly how the notorious groin pic was posted online. But according to data provided exclusively to The Daily from TweetCongress.org, a nonprofit website that captures each member of Congress’s Twitter feeds in real time, the shot seen round the world was transmitted using TweetDeck — a popular Adobe desktop application that links up with social networking sites. A review of Weiner’s Twitter stream from May 27, the day of the crotch pic, shows that Weiner had been posting only from TweetDeck — one of many ways to post messages to Twitter — that entire night. Chet Wisniewski, a senior security adviser at security software company SophosLabs, said the TweetDeck stamp “does make it more plausible that it did come from him.” Weiner used TweetDeck frequently, but he often also posted from the Web directly or from his BlackBerry. A widely circulated explanation for how Weiner’s Twitter account could have been hacked by email would also seem to be incompatible with the fact that the message in question originated on TweetDeck. If email had been used, the message probably would have originated via the photosharing site Yfrog, where the infamous picture was posted …’ [ Weiner admits he sent lewd picture; won't quit (AP) - After days of denials, a choked-up Rep. Anthony Weiner confessed Monday that he tweeted a photo of his bulging underpants to a young woman, and he also admitted to "inappropriate" excha...’ Tearful US congressman admits to crotch photos (AFP) ]
'This Could Be The End For Him'...
’Pot Calls Kettle Black’: Donald Trump Unloads on Anthony Weiner: "He's a Psycho" - Donald Trump has a new target, and boy does he look pleased. "The fact is, Anthony Weiner is a bad guy," the Celebrity Apprentice honcho, who recently decided against running for...
'Have You Ever Taken A Picture Like This Of Yourself?'...
WEINER CALLS COPS ON CBS WASHINGTON (CBSNewYork) — ‘Congressman Anthony Weiner said Thursday he’s finished talking about the lewd photo sent from his Twitter account.But he still wouldn’t say whether he’s the one in the picture.So CBS 2 political reporter Marcia Kramer decided to go to his office on Capitol Hill to try to get you some answers.You’ll never believe what happened.Kramer tried to get an interview with the six-term New York Democrat and as a result had the cops called on her.Kramer walked in to Weiner’s office, announced herself as being from CBS 2 in New York City and said she’d like to see the congressman. Those few words created quite the stir. Doors slammed and people pretended she wasn’t there ...’ Weiner’s efforts don’t cool furor The congressman said that he didn’t send a lewd photo on Twitter but also that he couldn’t “say with certitude” whether the image was of his own crotch. (Washington Post) [ ‘Weiner’s weiner’! ‘Not cool furor’ … how ‘bout just plain ‘not cool’. Eh … what can you expect from national drain / sinkhole new york (new york / new jersey metro). I haven’t read but probably agree with the following article: Listen up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr. Milbank weighs in: ‘The Weiner roast Congressman finds himself in a fight he does not relish.’ Report: SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:

NSA, Internet carriers collaborating Program is deploying tools to scan major defense contractors’ traffic in hopes of thwarting cyberattacks. (Washington Post) [ Oh come on! News? Even before google’s overt relationship with the NSA (their bots don’t need internet carrier collaboration), I presumed, and I believe correctly, virtually anything on your screen or the web’s available to them (there are also backdoors through identifying intel chips, and microsoft’s monopoly depends on cooperation, etc.). I’ve certainly been hacked more than once. The ‘cloud’ is a laugher in that regard. Facebook Censoring Some Alternative News Sites While Allowing Hackers To Attack Others Infowars.com Facebook now appears to be censoring some alternative news sites while allowing hackers to go after others. It is no wonder they lost 6 Million users in the US last month. Google denies special deal for Barack Obama Infowars.com Google denied Wednesday that it gave President Barack Obama’s re-election campaign special access to a new advertising program, something a sales representative from the search and advertising giant had claimed in an email to customers. The Cloud: Trojan Horse For Internet Takeover [ I must agree and find it difficult to imagine any rational person giving over to the cloud their own computer ops. ] Paul Joseph Watson | Welcome to a corporate, cable TV-style world wide web. Change: First Lady Wants Hollywood to Excrete Even More Pro Military Propaganda Michelle Obama wants to see more stories of military families on TV and in movies, so she came to Hollywood to do something about it. Drudgereport: Protesters burn American flag during Obama visit to Puerto Rico -- a U.S. territory... I find even his retirement costs objectionable. Obama: My family is ‘fine’ with one term Politico | President Barack Obama says his family is “not invested” in a second term. The unctuous pandering by the wobamas is nauseating. And, michele’s fundraisers? What’s up with that? Wobama’s such a glomming golem / slug. Obama says if he were Weiner, he’d resign President Obama on Monday waded into the debate over whether embattled Rep. Anthony Weiner should step down, saying, “If it was me, I would resign..Barack Obama: The Naked Emperor Shocking but true revelations from David Icke| ..Obama is just more of the same, a big smile with strings attached, and controlled completely by those that chose him, trained him, sold him and provided his record funding, kept his many skeletons under wraps, like the gay sex and crack cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to be with your Presidential camp, who is alleged to claim that someone claiming to represent me called asking for $100,000, to keep me from coming forward about our (Obama and I) November 1999 encounter of sex and cocaine use?), ... Obama is just another Banksters' moll prostituting himself .., and that's why he supported the grotesque bail-out of the banking system and why he will always put their interests before the people. http://albertpeia.com/obamadeceptionhighqualityversion.flv

Afghans prepare to take over security In areas where Afghan forces will be taking control from foreign troops next month, emotions are mixed. (Washington Post) [ Senate Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a hard place called Afghanistan; indeed they are. [Pakistani troops, NATO helicopters engage in firefight 6th soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan Jones FLASHBACK: Editorial: US in quagmire War in Afghanistan and Iraq costs America $1trillion Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come! America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Greece teeters amid default risk Athens reshuffles cabinet and works to convince a nation to stand behind a new round of spending cuts. (Washington Post) [Sell On The Rallies- Don't Buy On the Dips at Forbes Robert Lenzner [ I quite agree with Mr. Lenzner who has resisted through sound judgment the temptations and implicit pressures of the herd mentality on wall street. After all, bulls are cattle and hardly known for their brain power. ] ‘ Don’t listen to all the money managers selling their wares on tv.  Unfortunately, this is a watershed moment for investors again– and I’m feared all the negatives in the world are seeming to overwhelm. .. Yes, The Greek economy is in deep trouble, but the larger problem is the holdings of European banks in the loans of Greece, Ireland, Portugal, Spain and Italy. Already, Moodys is talking about downgrading 3 major French banks. It’s the turn of the British and German banks to face huge write-offs on their loans to troubled nations– and secondarily the need to raise more capital themselves. I was informed this morning that some large money market funds in the US may hold large amounts of European bank paper, which could be difficult to liquidate in the current market environment.   We’ll try to check out which ones, but you may recall that PIMCO lost most of the $3.4 billion in Lehman Brothers fixed income securities it owned. Then, there’s the uncomfortable coincidence of the sell off in the emerging nations, especially China where inflation is running at 6%, and the understandable softness in major commodities like oil– $94 in the US today,  while the dollar rallied and gold looks to have lost its momentum. Indeed, this is a watershed moment. Just because cash is yielding nothing is no good reason to be 100% invested in common stocks.’

Prepare for Next Leg Down in Secular Bear Market, Beginning of Next Recession / Depression at Minyanville Toby Connor June 16, 2011 And this time it's going to be much, much worse than in 2008. ‘Don't let the perma bulls fool you -- this is not a normal correction, and it has nothing to do with Greece or Spain. This is the beginning of the next leg down in the secular bear market and the start of the next economic recession/depression. And this time it's going to be much, much worse than it was in '08. For months now I've been warning investors to get out of the general stock market…’

Daley’s courtship of executives hits rough patch White House Chief of Staff William M. Daley, meeting with a group of manufacturing executives in Washington, finds an exasperated crowd airing their grievances over the president’s policies. (Washington Post) [ Courtship … rough patch … sounds likes excerpts from a group family therapy session … not that they aren’t in need of substantial therapy; and that goes for the vastly overpaid american execs as well as the whitehouse, et als. Wall Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press” climaxed Sunday  with a startling market prognostication from David Brooks, conservative columnist for the NY Times. The risk of a debt default over the combustible issue of the Medicare deficit hangs over the course of the stock market. Buyers Beware!“I was up in Wall Street  this week,” Brooks said. “They’re vastly underestimating the source of piolitical risk here. We could have a major problem, I think, either this summer or the next couple years. And I’d be worried about investing too much in the market. That’s my financial advice.”…’ Another Financial Crisis Is On The Way, Mobius Says STOCKS HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline..’ ] States face shortfall for retirees (WP) Public workers’ retirement funds had a gap of $1.26 trillion at the end of fiscal 2009 Study: Affordable rentals scarce (WP) Poll: For Obama, low marks on Afghan war (WP) More Americans disapprove of President Obama’s management of the war in Afghanistan than support it Fuel prices cut into Obama popularity (WP) (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast turmoil to obfuscate their failure. Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come! Where Is The Recovery? I Cannot Seem To Find It Tony Pallotta | If the US government reduced spending by 40% today, right this second we still could not put a dent in a $12 trillion national debt. Sen. Sanders Spurs Return to ‘Made in America’: Says U.S. Future Depends on It The Daily Ticker [Who would be foolish enough to say Sen. Sanders’ heart isn’t in the right place from the perspective of a u.s. senator. Yet, who would be so foolish as to not realize how foolish such a statement is in evincing a clear lack of understanding in terms of business, tooling, retooling, investment and return on investment, minimum or less wages, etc., and decades if at all to accomplish. The reality is that they can’t unring the bell that they themselves rung, even laughing as they did so at, for example, Ross Perot who admonished all. The futility of the belated rhetoric is that it can’t be accomplished in the foreseeable future that counts. ]

Sell On The Rallies- Don't Buy On the Dips at Forbes Robert Lenzner [ I quite agree with Mr. Lenzner who has resisted through sound judgment the temptations and implicit pressures of the herd mentality on wall street. After all, bulls are cattle and hardly known for their brain power. ] ‘ Don’t listen to all the money managers selling their wares on tv...’

Prepare for Next Leg Down in Secular Bear Market, Beginning of Next Recession / Depression at Minyanville Toby Connor June 16, 2011 And this time it's going to be much, much worse than in 2008. ‘Don't let the perma bulls fool you -- this is not a normal correction, and it has nothing to do with Greece or Spain. This is the beginning of the next leg down in the secular bear market and the start of the next economic recession/depression. And this time it's going to be much, much worse than it was in '08.

For months now I've been warning investors to get out of the general stock market. I was confident that once the dollar put in its three-year cycle low the next deflationary period would begin and stocks would enter the third leg down in the secular bear market.

Well, the dollar did put in the major three-year cycle bottom in May and stocks almost immediately started to head down. This won't end until stocks drop down into the four-year cycle low due sometime in mid to late 2012.

Let me explain to you what is unfolding so you don't listen to Wall Street or CNBC and get sucked down into the next bear market.

In a healthy bull market, intermediate degree corrections hold well above the prior cycle troughs. Higher highs and higher lows. When that pattern of higher highs and higher lows on an intermediate time frame gets violated it is almost always a sign that the market is topping. We are at that stage now as the market is moving down to test the March intermediate cycle low.

http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%201.jpg

Oil has already violated its intermediate bottom. Energy stocks are a big part of the S&P and they are going to be a big drag on the index going forward.

http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/Bear%20chart%202.jpg
Click to enlarge

In a healthy bull market we shouldn't even come close to testing the March low. Actually this market hasn't been healthy since last summer. That was the point at which I recognized the large megaphone topping pattern that was being driven by a double dose of quantitative easing (QE).

http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%203.jpg

Last year the market was able to push higher for almost a month on momentum after QE1 ended. This market has already rolled over even though QE2 isn't scheduled to stop until the end of June. The conclusion is that the market is much weaker now than it was when QE1 ended. We all know what happened last year when the money pumps were shut off. It led to the flash crash and a severe stock market correction. It would have led to a new bear market except Ben Bernanke quickly started QE2.

Actually QE is the reason the market is in trouble. Just like I said over two years ago, all QE did was give us a brief reprieve and temporarily reflated asset markets. I knew all along it wouldn't create jobs, and it didn't. (Well, I guess a few bankers got to keep their jobs and pay themselves some big bonuses, but the general population was never going to prosper from QE.)

As a matter of fact, just as I said it would, QE ultimately spiked commodity inflation, and just like I knew it would, commodity inflation has now poisoned the global economy, crushed discretionary spending, squeezed profit margins, and is sending the world down into the next recession.

Unfortunately we are entering this recession in a much weaker state than we went into the last one. Real unemployment is somewhere around 12-15%. It is going to get much, much worse. I often wonder how in the world we could appoint the people we did to run our monetary policy. How many times must they make the same mistake before they figure out that they are the cause of our problems?

But enough Fed ranting -- back to the market.

Not only do we have a market that is testing the prior intermediate cycle low when it shouldn't be, we also have a clear topping pattern in place. Just like in '07 the market managed a marginal breakout to new highs in May that failed to follow through. You can see the same thing occurred in October of '07. This is quite often how markets top...or bottom for that matter. A technical level is breached; technicians either buy the breakout or sell the breakdown. Smart money fades the move and the market reverses. This is exactly how the '07 top was formed. It's also how the market bottomed in '02. And now the cyclical bull has topped with that exact same reversal pattern in 2011.

http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%204.jpg

This isn't the only warning sign, unfortunately. The banks and housing have been diverging from the rest of the market for some time. These two sectors are still impaired and will remain so no matter how much money the Fed throws at them. They led the market down into the last bear and they are leading it into the next bear.

http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%205%20good.jpg

Here is what I expect to happen over the next two months: We should soon test the 1249 intermediate cycle low. Actually I think we will probably marginally break below that level. As most of you probably know by now, breakdowns and breakouts almost always fail to follow through. So I expect we will see a violent countertrend rally once the March low is penetrated. That should wipe out all the technicians who sell into the breakdown.

http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%206.jpg

However the rally, although I'm sure it will be convincing, will almost certainly be a countertrend affair that will quickly fail. The problem is that the current daily cycle is only on day 12. That cycle on average runs 35-45 days trough to trough. So once the counter trend rally has run its course we should have another leg down. And that leg down will almost certainly cause tremendous damage to the global stock markets.

Once the market penetrates the coming low it shouldn't be long before traders recognize that something is terribly wrong. At that point everyone is going to head for the exits at the same time which should lead to some kind of waterfall decline bottoming around the middle of August. This is when I expect Bernanke to freak out and initiate QE3. I have no doubt the market will rally violently on the news as traders have become conditioned to expect QE to drive stocks higher. I expect we will see the market test and maybe even penetrate the 200-day moving average during the fall rally.

http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%207.jpg

However this, too, will only be a countertrend affair. QE is the cause of our problems and more of it isn't going to make things better, it will only make them worse as it will start to spike commodity prices again into a rapidly weakening economy. Remember, spiking commodity inflation is what caused this in the first place. Doing it again as the economy rolls over into recession is only going to guarantee that this turns into a depression instead of just a severe recession.

Traders and investors need to start preparing for what's ahead. If you are still invested in the general stock market, I believe you should exit -- either now, or into the rally that should come off the March lows in the next week or two. Don't get fooled by the analysts who will be telling you the correction is over -- it won't be. This won't be over until late July or early August.

Get back into dollar-denominated assets as the dollar will continue to rally and gain purchasing power in a deflationary environment.

Once it's appropriate we will transfer assets back into gold and precious metals, but it's still too early for that. Gold needs to move down into an intermediate cycle low before we want to buy. My best guess is gold will dip down to somewhere around $1400 over the next four to five weeks.’

alpeia wrote

Stocks tumble on news from Greece http://www.washingtonpost.com/business/economy/prices-rise-in-may-triggering-inflation-concerns/2011/06/15/AGMBoFWH_allComments.html?ctab=all_&#weighIn Wall Street lost its footing after a rebound from six weeks of consecutive losses. (Washington Post) [ If that were only true as the reason for the tumble. After all, u.s. stocks have been unaffordably and artificially propped up and overvalued far beyond rationality in seldom seen bubble-territory. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed… an especially great opportunity to sell / take profits while you still can since there's much worse to come! Selling In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock Market: 4 Current Warning Signs ‘ Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money--America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/s... Navin 1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher..extraordinarily high, one might even say off-the-chart.  

Report: SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings, Volkman http://www.albertpeia.com/112208opocoan/ricosummar... http://www.albertpeia.com/112208opocoan/PeiavCoane...

http://www.albertpeia.com

Today 6/16/2011 12:08:23 AM PST

alpeia wrote

U.S.-Pakistan relationship in danger http://www.washingtonpost.com/national/national-security/arrest-indicates-pakistan-leaders-face-rising-pressure-to-curb-us-role/2011/06/12/AGrSi2VH_story.html The relationship is likely to deteriorate further as Pakistani officials including Army chief Gen. Ashfaq Kiyani come under pressure, endangering counterrorism programs. (Washington Post) [ U.S.-Pakistan? If it was only ‘U.S.-Pakistan’ as opposed to U.S. and the rest of the world beyond war crimes nation and u.s. ward israel, and the defacto bankrupt as america EU, one might say at least a little progress on the ‘non-foreign policy’ front. Yet, that’s but a dream thanks to war mongering neo-cons, zionists, and so-called change-meister, failed president as bush, ‘wobama the b’ for b***s***. Drudgereport: OBAMA: WHAT WAR IN LIBYA? 
'No exchange of fire with hostile forces'... 
Lawmakers Sue... 
Price tag projected to be $1.1 Billion this year... 
AHMADINEJAD JOINS CHINA, RUSSIA AT SUMMIT... 
IRAN PRESIDENT CALLS FOR ALLIANCE AGAINST WEST...  
Greece Crippled by Protests, Strike Over Austerity... 
Likely Default... 
USA in Even 'Worse Shape Financially Than Greece'... 
Protesters burn American flag during Obama visit to Puerto Rico -- a U.S. territory... 
VIDEO: Heckled At Miami Fundraiser...  

Report: SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings, Volkman  

Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkill... bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummar... http://www.albertpeia.com/112208opocoan/PeiavCoane... ]: 

CRIME STATISTICS >(america is No. 1)  
Rank Countries Amount  
# 1 United States: 11,877,218  
# 2 United Kingdom: 6,523,706  
# 3 Germany: 6,507,394  
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.  
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityver...

http://www.albertpeia.com

6/15/2011 11:35:48 PM PST

alpeia wrote

Deja Vu of dot-com bubble http://www.washingtonpost.com/business/economy/pandora-ipo-feeds-fear-of-dot-com-bubble/2011/06/15/AGaZrWWH_allComments.html?ctab=all_&#weighIn Pandora’s IPO success is making observers worried about a return to the dot-com bubble of the 1990s. (Washington Post) [ Dot-com bubble of the 90’s sounds like wishful thinking, as bad as that was. More like, Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/s... Navin 1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher.. Sell On The Rallies- Don't Buy On the Dips at Forbes Robert Lenzner [ I quite agree with Mr. Lenzner who has resisted through sound judgment the temptations and implicit pressures of the herd mentality on wall street. After all, bulls are cattle and hardly known for their brain power. ] ‘ Don’t listen to all the money managers selling their wares on tv. Unfortunately, this is a watershed moment for investors again– and I’m feared all the negatives in the world are seeming to overwhelm. We are in midst of 7th straight week down.QE2 will end in 15 days– and it played a strong support system for equities– up 25%, oil, up 25% and gold, up 25% ever since September, 2010 when Fed Chairman Ben Bernanke signaled he wanted to increase the wealth on paper of investors.If equities are on the way down– and the rout today overwhelmed the gains yesterday– then you will experience the double whammy of stocks and homes losing value at the same time– to what extent nobody knows. Money center banks like Bank of America certainly face write-downs from their huge portfolio of home mortgages.. Just because cash is yielding nothing is no good reason to be 100% invested in common stocks.’ 
Report: SEC lawyer exposed FBI informant (WP)[ Clearly, the sec liar (sic–lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings, Volkman http://www.albertpeia.com/112208opocoan/ricosummar... http://www.albertpeia.com/112208opocoan/PeiavCoane...

http://www.albertpeia.com/currentopics2ndqtr10108....
http://www.albertpeia.com

Today 6/16/2011 12:04:10 AM PST

alpeia wrote

White House defends Libya action http://www.washingtonpost.com/politics/obama-administration-libya-action-does-not-require-congressional-approval/2011/06/15/AGLttOWH_allComments.html?ctab=all_&#weighIn The administration’s stance puts it at odds with GOP leaders and some anti-war Democrats. (Washington Post) [ Well, the defacto bankrupt u.s. can afford it! After all, we’re talking, Drudgereport: FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA... Deadliest day this year... WARS RAGE ON... U.S. Dead in Afghanistan Tops 1,500... , days, not weeks.  
NATO sliding towards Libyan ground war: Russian envoy (Reuters) ‘Libya war driven by O.I.L.: Oil, Israel & Logistics’ – McKinney to RT As NATO attacks continue in Libya, ex US Congresswoman and former presidential candidate Cynthia McKinney went to the country on a non-governmental fact-finding mission to see what exactly is going on in the war-torn country. Lawmakers sue President Obama over Libya A bipartisan group of House members announced on Wednesday that it is filing a lawsuit charging that President Obama made an illegal end-run around Congress when he approved U.S military action against Libya. 90% of Petraeus’ Captured ‘Taliban’ Were Civilians Lawmakers push for a new Afghan strategy (WP) [ It seems they’ve taken Robert Browning to heart; viz., that ‘a man's reach should exceed his grasp’ (from a poem by Robert Browning). Indeed, they search for that ever elusive thing called ‘strategy’ vis-à-vis the so-called ‘Afghan mission’ for the umpteenth time. For them, this is but a ‘mission impossible’ as a strategy implies method to this reality of their madness.The heroin trade which they’ve ramped up (the Taliban had all but eradicated same) and commandeered as their own has been reason enough; yet, fog of war creates many opportunities for the american criminals despite the defacto bankruptcy of the nation. So, for the war criminal americans, reality certainly falls within the ambit of beyond their grasp. Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkill... bankrupt america also spends more on military than all the nations of the world combined...fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc.,are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummar... http://www.albertpeia.com/112208opocoan/PeiavCoane... ]: 

CRIME STATISTICS america is No.1 
Rank Countries Amount  
# 1 United States: 11,877,218  
# 2 United Kingdom: 6,523,706  
# 3 Germany: 6,507,394  
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown. 
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityver...


http://www.albertpeia.com

6/15/2011 11:42:21 PM PST

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WEINER CALLS COPS ON CBS WASHINGTON (CBSNewYork) — ‘Congressman Anthony Weiner said Thursday he’s finished talking about the lewd photo sent from his Twitter account.But he still wouldn’t say whether he’s the one in the picture.So CBS 2 political reporter Marcia Kramer decided to go to his office on Capitol Hill to try to get you some answers.You’ll never believe what happened.Kramer tried to get an interview with the six-term New York Democrat and as a result had the cops called on her.Kramer walked in to Weiner’s office, announced herself as being from CBS 2 in New York City and said she’d like to see the congressman. Those few words created quite the stir. Doors slammed and people pretended she wasn’t there ...’ Weiner’s efforts don’t cool furor The congressman said that he didn’t send a lewd photo on Twitter but also that he couldn’t “say with certitude” whether the image was of his own crotch. (Washington Post) [ ‘Weiner’s weiner’! ‘Not cool furor’ … how ‘bout just plain ‘not cool’. Eh … what can you expect from national drain / sinkhole new york (new york / new jersey metro). I haven’t read but probably agree with the following article: Listen up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr. Milbank weighs in: ‘The Weiner roast Congressman finds himself in a fight he does not relish.’ Report: SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ John Cummings (Author), Ernest Volkman (Author) Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:

Focus Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs, extinction, at least in a manner of speaking. Global information exchange at lightning speed has made such throwbacks to a lost era, propaganda, and maladaptive traits foolish at best, deadly at worst. Intelligent people worldwide aren’t buying the obsolete, Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc..; more specifically, diversion of the masses from the glaring failures of leadership, economic and otherwise.

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

Wall Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press” climaxed Sunday  with a startling market prognostication from David Brooks, conservative columnist for the NY Times. The risk of a debt default over the combustible issue of the Medicare deficit hangs over the course of the stock market. Buyers Beware!“I was up in Wall Street  this week,” Brooks said. “They’re vastly underestimating the source of piolitical risk here. We could have a major problem, I think, either this summer or the next couple years. And I’d be worried about investing too much in the market. That’s my financial advice.”…’ Another Financial Crisis Is On The Way, Mobius Says STOCKS HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline..’ ] States face shortfall for retirees (WP) Public workers’ retirement funds had a gap of $1.26 trillion at the end of fiscal 2009 Study: Affordable rentals scarce (WP) Poll: For Obama, low marks on Afghan war (WP) More Americans disapprove of President Obama’s management of the war in Afghanistan than support it Fuel prices cut into Obama popularity (WP) (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast turmoil to obfuscate their failure. Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come!

Where Is The Recovery? I Cannot Seem To Find It Tony Pallotta | If the US government reduced spending by 40% today, right this second we still could not put a dent in a $12 trillion national debt.

Sen. Sanders Spurs Return to ‘Made in America’: Says U.S. Future Depends on It The Daily Ticker [Who would be foolish enough to say Sen. Sanders’ heart isn’t in the right place from the perspective of a u.s. senator. Yet, who would be so foolish as to not realize how foolish such a statement is in evincing a clear lack of understanding in terms of business, tooling, retooling, investment and return on investment, minimum or less wages, etc., and decades if at all to accomplish. The reality is that they can’t unring the bell that they themselves rung, even laughing as they did so at, for example, Ross Perot who admonished all. The futility of the belated rhetoric is that it can’t be accomplished in the foreseeable future that counts. ]

[video]Trader: Dow Could Drop to 10,500 TheStreet.com TV

Enter the FBI's Vault: Groucho Marx, Sonny Bono, Helen Keller, UFOs, and Louie Louie at Forbes Bill Singer Street Sweeper ‘The Federal Bureau of Investigation (“FBI”) recently advised the public of the online availability of The Vault, which is described as ”our new electronic reading room, containing more than 3,000 documents that have been scanned from paper into digital copies . . .”  The documents are searchable using key words or phrases.

Curious as to what might be buried in The Vault, I’ve recently spent a bit of time there.  Frankly, it’s been fascinating. Here are some of the listed categories of documents:

- Administrative Policy Procedures
- Anti-War
- Bureau Personnel
- Civil Rights
- Counterterrorism
- Foreign Counterintelligence
- Fugitives
- Gangs Extremist Groups
- Gangster Era
- Hot Topics
- Miscellaneous
- Organizations
- Organized Crime
- Political Figures Events
- Popular Culture
- Public Corruption
- Supreme Court
- Unexplained Phenomenon
- World War II
- Violent Crime

Going from the sublime to the ridiculous, we find this entry:

Louie Louie (The Song)

In 1963, a rock group named the Kingsmen recorded the song “Louie, Louie.” The popularity of the song and difficulty in discerning the lyrics led some people to suspect the song was obscene. The FBI was asked to investigate whether or not those involved with the song violated laws against the interstate transportation of obscene material. The limited investigation lasted from February to May 1964 and discovered no evidence of obscenity.

Among the folks featured in the Popular Culture category are Elizabeth Taylor, Rock Hudson, Jimi Hendrix, the Monkees (Apparently the FBI thought that this subversive “combo” described as dressing “beatnik like” were projecting subliminal anti-war messages during their concerts), Sonny Bono (Sonny Bono??? Yup!), Lucille Ball (Lucy has a 156-page file suggesting she was a registered Communist from 1936 to 1938. You got some ‘splainin’ to do Lucy!), Walter Cronkite (Cronkite? Really?? Uh huh), Groucho Marx (Perhaps Karl Marx was part of the original Marx Brothers?), George Burns, Colonel Sanders (The Kentucky Fried Chicken Guy? Yeah, he has a file too), Rocky Marciano, Marilyn Monroe, Helen Keller (Nah, ya gotta be kidding me with this one. Nope — there are some 45 pages concerning allegations of her Communist sympathies. Maybe the “Miracle Worker” was supposed to be the “Miracle Workers of The World Unite!”), the Doors, the Beatles, Frank Sinatra, and far too many more to mention.

 What other fascinating tid-bits are in The Vault? How about this gem:

Majestic 12

In 1988, two FBI offices received similar versions of a memo titled “Operation Majestic-12…” claiming to be highly classified government document. The memo appeared to be a briefing for newly-elected President Eisenhower on a secret committee created to exploit a recovery of an extra-terrestrial aircraft and cover-up this work from public examination. An Air Force investigation determined the document to be a fake.

Then there was a truly intriguing one-page document – a memo from Mr. Guy Hottel (apparently a Special Agent in Charge (“SAC”) in Washington, D.C.),  dated March 22, 1950, titled “Flying Saucers: Information Concerning” :

 The following information was furnished to SA [redacted]: 

An investigator for the Air Force stated that three s0-called flying saucers had been recovered in New Mexico.  They were described as being circular in shape with raised centers, approximately 50 feet in diameter.  Each one was occupied by three bodies of human shape but only three feet tall, dressed in metallic cloth of a very fine texture. Each body was bandaged in a manner very similar to the blackout suits used by speed flyers and test pilots.

According to Mr. [redacted] informant, the saucers were found in New Mexico due to the fact that the Government has a very high-powered radar set-up in that area and it is believed the radar interferes with the controlling mechanism of the saucers.

No further evaluation was attempted by SA [redacted] concerning the above…’

S&P 500, Russell 2000 ETFs Also Close To Breaching 200-Day Technical Warnings at Barrons.com

Seven-Week Streak Still Possible at The Wall Street Journal  Mark Gongloff ‘With a late rally, most of the stock market managed to limp across the wire in the green. How long it will stay there is an open question.

The Dow, up 64 points today, is now 10 points higher on the week, barely avoiding a rare seven-week losing streak, but still not nearly out of the woods yet.

The internals of the market were uglier than the headlines. Decliners on the NYSE outnumbered advancers 1668 to 1367. Declining volume was 51% of the total, while advancing volume was 47%.

The S&P 500 was up just 2 points today and is just slightly lower on the week, with one trading day left.

The Nasdaq finished down 8 points and is now 1.1% lower for the year — not a great sign, if you think tech stocks lead the way for the rest of the market.

The Dow transports, too, are slightly lower for the year, as is the Russell 2000.

On the brighter side, financials were among the better performers today, up 0.6%.

But the best performers were defensive sectors, and the worst were cyclicals such as tech and consumer discretionary.

Volume was low, the VIX surged again and Treasury yields ended at their lowest level of the year, at 2.91%.’

3 Reasons Why Thursday’s Markets Were Mixed After Greek Lows Wall St. Cheat Sheet June 16, 2011 Markets closed mixed on Wall Street: Dow +0.54% , S&P +0.18% ,  Nasdaq -0.29% , Crude +0.2% , Gold +0.12% .

On the commodities front,  Oil (NYSE:USO) barely moved to close at $95 a barrel, while precious metals were mixed with  Gold (NYSE:GLD) adding a couple bucks to $1,527 and  Silver (NYSE:SLV) dropping a bit.

Our New Stock Picks are Here: Check Out

Today’s markets were mixed because:

1) Banks caught in the middle. Normally the top banks (NYSE:KBE) are birds of a feather, all in the green or all in the red. But today they’re all over the map with Bank of America (NYSE:BAC) and Wells Fargo (NYSE:WFC) showing gains today while Citigroup (NYSE:C) and JPMorgan (NYSE:JPM) suffered losses. Don’t Miss: How Badly Will a Greek Default Hurt US Banks?

2) How do you solve a problem like Greece? It’s as if everyone’s been waiting for Greece to implode or break off and float into the Mediterranean Sea. Instead, bad news steadily trickles in manageable doses. No restructuring yet, no default. The euro, though down, is still trading above where it was last summer. People are frozen in their tracks, wondering whether to run scared or wait it out. It’s like watching a train wreck at 15 miles per hour.

3) Indecipherable data reports. Yesterday the National Association of Homebuilders (NYSE:XHB) told us confidence was down for June, but then today we hear from the Commerce Department that housing starts, building permits, and housing completions were all up last month. Jobs data shows a 16,000 decrease in jobless claims, which is good news, but jobless claims still remain over 400,000, which is bad news. People are looking for economic cues from these reports and just aren’t getting a solid answer. Some things are getting worse, some are getting better, and everything is moving slowly…’

Why Your Money-Market Fund Could Be Hit by Greek Default CNBC | Some of the safest, plain-vanilla investment accounts in the U.S. could be challenged if Greece defaults on its sovereign debt.

Greeks Strike, Clash With Police Over Austerity Reuters | Stone-throwing Greeks clashed with police and tens of thousands of protesters marched on parliament on Wednesday.

Gold May Advance on Inflation Concern, Sovereign-Debt Crisis in Europe Bloomberg | Gold may gain for the first time in three days.

Europe’s ‘Lehman Moment’ Looms as Greek Debt Unravels Markets: Euro Credit The European Union’s failure to contain the Greek debt crisis is sending fresh shockwaves through currencies, money markets, equities and derivatives.

Europe warned of financial chaos over Greek debt crisis Greece’s 18-month sovereign debt crisis brought the government to the brink of collapse as public fury over savage austerity measures erupted in pitched battles with riot police on the streets of Athens.

China Social Unrest Getting Out of Control: Expert China’s security services have managed for now to curb social unrest in the southern manufacturing city of Zengcheng after migrant workers set fire to government buildings over the weekend. But one economist says the discord is more worrying for markets than the nation’s widely-telegraphed soaring inflation.

Cramer: 10% Correction Possible A 10 percent correction is “entirely possible,” Cramer said Wednesday, as stocks fell sharply on worries the Greece debt crisis may escalate and concerns over other headwinds facing the economy.

alpeia wrote

Stocks tumble on news from Greece http://www.washingtonpost.com/business/economy/prices-rise-in-may-triggering-inflation-concerns/2011/06/15/AGMBoFWH_allComments.html?ctab=all_&#weighIn Wall Street lost its footing after a rebound from six weeks of consecutive losses. (Washington Post) [ If that were only true as the reason for the tumble. After all, u.s. stocks have been unaffordably and artificially propped up and overvalued far beyond rationality in seldom seen bubble-territory. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed… an especially great opportunity to sell / take profits while you still can since there's much worse to come! Selling In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock Market: 4 Current Warning Signs ‘ Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money--America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/s... Navin 1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher..extraordinarily high, one might even say off-the-chart.  

Report: SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings, Volkman http://www.albertpeia.com/112208opocoan/ricosummar... http://www.albertpeia.com/112208opocoan/PeiavCoane...

http://www.albertpeia.com

Today 6/16/2011 12:08:23 AM PST

alpeia wrote

U.S.-Pakistan relationship in danger http://www.washingtonpost.com/national/national-security/arrest-indicates-pakistan-leaders-face-rising-pressure-to-curb-us-role/2011/06/12/AGrSi2VH_story.html The relationship is likely to deteriorate further as Pakistani officials including Army chief Gen. Ashfaq Kiyani come under pressure, endangering counterrorism programs. (Washington Post) [ U.S.-Pakistan? If it was only ‘U.S.-Pakistan’ as opposed to U.S. and the rest of the world beyond war crimes nation and u.s. ward israel, and the defacto bankrupt as america EU, one might say at least a little progress on the ‘non-foreign policy’ front. Yet, that’s but a dream thanks to war mongering neo-cons, zionists, and so-called change-meister, failed president as bush, ‘wobama the b’ for b***s***. Drudgereport: OBAMA: WHAT WAR IN LIBYA? 
'No exchange of fire with hostile forces'... 
Lawmakers Sue... 
Price tag projected to be $1.1 Billion this year... 
AHMADINEJAD JOINS CHINA, RUSSIA AT SUMMIT... 
IRAN PRESIDENT CALLS FOR ALLIANCE AGAINST WEST...  
Greece Crippled by Protests, Strike Over Austerity... 
Likely Default... 
USA in Even 'Worse Shape Financially Than Greece'... 
Protesters burn American flag during Obama visit to Puerto Rico -- a U.S. territory... 
VIDEO: Heckled At Miami Fundraiser...  

Report: SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings, Volkman  

Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkill... bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummar... http://www.albertpeia.com/112208opocoan/PeiavCoane... ]: 

CRIME STATISTICS >(america is No. 1)  
Rank Countries Amount  
# 1 United States: 11,877,218  
# 2 United Kingdom: 6,523,706  
# 3 Germany: 6,507,394  
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.  
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityver...

http://www.albertpeia.com

6/15/2011 11:35:48 PM PST

alpeia wrote

Deja Vu of dot-com bubble http://www.washingtonpost.com/business/economy/pandora-ipo-feeds-fear-of-dot-com-bubble/2011/06/15/AGaZrWWH_allComments.html?ctab=all_&#weighIn Pandora’s IPO success is making observers worried about a return to the dot-com bubble of the 1990s. (Washington Post) [ Dot-com bubble of the 90’s sounds like wishful thinking, as bad as that was. More like, Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/s... Navin 1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher.. Sell On The Rallies- Don't Buy On the Dips at Forbes Robert Lenzner [ I quite agree with Mr. Lenzner who has resisted through sound judgment the temptations and implicit pressures of the herd mentality on wall street. After all, bulls are cattle and hardly known for their brain power. ] ‘ Don’t listen to all the money managers selling their wares on tv. Unfortunately, this is a watershed moment for investors again– and I’m feared all the negatives in the world are seeming to overwhelm. We are in midst of 7th straight week down.QE2 will end in 15 days– and it played a strong support system for equities– up 25%, oil, up 25% and gold, up 25% ever since September, 2010 when Fed Chairman Ben Bernanke signaled he wanted to increase the wealth on paper of investors.If equities are on the way down– and the rout today overwhelmed the gains yesterday– then you will experience the double whammy of stocks and homes losing value at the same time– to what extent nobody knows. Money center banks like Bank of America certainly face write-downs from their huge portfolio of home mortgages.. Just because cash is yielding nothing is no good reason to be 100% invested in common stocks.’ 
Report: SEC lawyer exposed FBI informant (WP)[ Clearly, the sec liar (sic–lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings, Volkman http://www.albertpeia.com/112208opocoan/ricosummar... http://www.albertpeia.com/112208opocoan/PeiavCoane...

http://www.albertpeia.com/currentopics2ndqtr10108....
http://www.albertpeia.com

Today 6/16/2011 12:04:10 AM PST

alpeia wrote

White House defends Libya action http://www.washingtonpost.com/politics/obama-administration-libya-action-does-not-require-congressional-approval/2011/06/15/AGLttOWH_allComments.html?ctab=all_&#weighIn The administration’s stance puts it at odds with GOP leaders and some anti-war Democrats. (Washington Post) [ Well, the defacto bankrupt u.s. can afford it! After all, we’re talking, Drudgereport: FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA... Deadliest day this year... WARS RAGE ON... U.S. Dead in Afghanistan Tops 1,500... , days, not weeks.  
NATO sliding towards Libyan ground war: Russian envoy (Reuters) ‘Libya war driven by O.I.L.: Oil, Israel & Logistics’ – McKinney to RT As NATO attacks continue in Libya, ex US Congresswoman and former presidential candidate Cynthia McKinney went to the country on a non-governmental fact-finding mission to see what exactly is going on in the war-torn country. Lawmakers sue President Obama over Libya A bipartisan group of House members announced on Wednesday that it is filing a lawsuit charging that President Obama made an illegal end-run around Congress when he approved U.S military action against Libya. 90% of Petraeus’ Captured ‘Taliban’ Were Civilians Lawmakers push for a new Afghan strategy (WP) [ It seems they’ve taken Robert Browning to heart; viz., that ‘a man's reach should exceed his grasp’ (from a poem by Robert Browning). Indeed, they search for that ever elusive thing called ‘strategy’ vis-à-vis the so-called ‘Afghan mission’ for the umpteenth time. For them, this is but a ‘mission impossible’ as a strategy implies method to this reality of their madness.The heroin trade which they’ve ramped up (the Taliban had all but eradicated same) and commandeered as their own has been reason enough; yet, fog of war creates many opportunities for the american criminals despite the defacto bankruptcy of the nation. So, for the war criminal americans, reality certainly falls within the ambit of beyond their grasp. Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkill... bankrupt america also spends more on military than all the nations of the world combined...fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc.,are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummar... http://www.albertpeia.com/112208opocoan/PeiavCoane... ]: 

CRIME STATISTICS america is No.1 
Rank Countries Amount  
# 1 United States: 11,877,218  
# 2 United Kingdom: 6,523,706  
# 3 Germany: 6,507,394  
UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown. 
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityver...


http://www.albertpeia.com

6/15/2011 11:42:21 PM PST

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What Wall Street Won't Tell You [ Well, as we paraphrase what we sing in (tune ‘Love Story’) ‘Fraud Story’: Where do we begin, to tell the story of how great a fraud can be, that great fraud story with now fast computers is wider than the sea, and all that hard-earned money that you’ve took from me, it breaks my h_e_a_r_t ! Yes, their churn-and-earn frauds among others have never been so lightning fast; and, don’t forget, the commissionable trading on wall street is a NET NEGATIVE in real economic terms and that money for moving paper around has to come from some real place … ultimately, you, main street, etc.. ] BRETT ARENDS ‘Year after year, Wall Street types mock the supposed rubes and suckers who make up Mom and Pop investors.

And sure, regular investors can make plenty of mistakes when it comes to investing.

But here's what the Wall Street pros don't tell you: They aren't a whole lot better. I sometimes wonder if they know anything more than the rest of us.

Yesterday two separate reports landed on my desk. Both showed how the big money honchos have been handling your savings and investments.

The findings? You probably don't want to know.

According to the latest monthly survey from Bank of America Merrill Lynch, these professional money managers now think gold is "more overvalued than at any time since December 2009." Those are Merrill's exact words.

In December, 2009, gold hit a high of $1,170 an ounce.

Today? Oh, $1,515. That's an annualized return of 19%.

You couldn't make it up. So much for "overvalued."

According to Merrill Lynch, these professional money managers have been saying gold is overvalued for years completely missing the massive bull market of the past decade.

Merrill's latest survey includes data for the past two years, as gold has nearly doubled. During that time these professional investment managers have called gold actually cheap just once, in January 2009. Every other month they've said: "Oh, it's overvalued."

It was "overvalued" in May 2008 at around $880 an ounce. It was "overvalued" in June 2009 at around $930. It was "overvalued" in early 2010, and it was still "overvalued" a year ago at around $1,200 an ounce. And it's still "overvalued" today.

Merrill says it no longer has data going back earlier, but if my memory serves, the big money honchos were saying the same thing about gold in earlier years, too. It stands to reason, too, as when gold was $300 or $400 or $500 an ounce, none of them owned it. And I paid some attention to Merrill's findings on the subject, because I happened to be the person who first suggested they start asking about gold, way back in 2004.

To be fair, money managers haven't been completely useless guides to gold. December 2009, when they said it was really, really overvalued, they had half a point. Gold had just had a big run, and was due a correction. It then fell 10%.

And maybe we're in the same situation now. Gold's had a good run so far this year, and summer is traditionally a weak time in the gold market, so maybe you'll get a better deal if you wait a bit, though there are no guarantees.

If this were just about gold, it wouldn't matter so much.

But over the past decade, money managers have been making an equally bad call about a much bigger asset class: bonds.

Merrill data show they have been calling bonds "overvalued" consistently since at least 2002.

And they've been singing the praises of stocks instead.

Meanwhile, over nearly all of that time, it was generally a far smarter move to have your money in bonds than stocks. The Vanguard Total Bond Market Index Fund, for example, has made you nearly twice the profits of the Total Stock Market Index Fund with far fewer the ulcers.

This is what we're paying the big bucks for? These guys have been loaded up to the gunwales with stocks, holding too few bonds, and no gold, for a decade. Nice move.

I've noted before that, on occasions, their collective gaffes have been mind-boggling. They dumped their last remaining Japanese stocks right at the lows, in April 2003. Then they loaded up again in 2005, after Japanese stocks had already boomed, before bailing yet again. In June 2007, they fell madly in love with European stocks, and loaded the boat. Merrill called it "EU-phoria." European stocks then crashed.

Now let's turn to yesterday's second report, from pension consultants Mercer. It looks at how big company retirement plans are managing their investments.

And it turns out not owning gold is the least of their problems.

Mercer looked at all the final salary plans run by Standard & Poor's 1500 companies.

Bottom line? Many of these funds are still significantly underfunded. Even after the gerrymandered stock market "boom" of the past two years, they have only enough assets to cover 83% of their liabilities.

"Despite employer contributions of $77 billion and aggregate asset returns of $156 billion (a 12% median rate of return), pension deficits decreased by only $8 billion during the fiscal year," says Eric Veletzos, the Mercer principal in charge of the study.

An $8 billion improvement compared to total pension liabilities of $1.7 trillion. It hardly inspires confidence. And that's after a big rally.

Meanwhile, says Mercer, the aging Baby Boomers are nearing retirement and many plans "may be nearing the end of their 'growth' or 'accumulation' phase and transitioning to a 'spend-down' phase." Oh, happy day.

So managers are doing what you'd expect in situations like this. They are pinning their hopes on big stock market gains, and hoping for the best.

Typical funds are counting on investment returns between 7% and 8% a year, reports Mercer. There's just one problem: Many of them are also holding lots of low-risk, low-return bonds. In some cases they are holding half, or even two-thirds, of their entire portfolios in bonds.

And yet they are still expecting overall investment returns of 7% to 8%.

Hmm. Ten-year Treasury bonds yield a mere 3%. Even long-term AA-rated corporate bonds yield only about 5.3%, according to Barclays Capital. So if half your portfolio is in investments like these, how do you get 7% or 8% overall? Easy. You just tell people stocks will give you 8%, 9%, even 10% a year.

Good luck with that.’

SEC settles fraud case against former official (Washington Post) [ $14 million? How ‘bout the trillions involved in the last and continuing crisis inducing fraud. Well, we all know that nothing succeeds quite like failure in america; you know, that new normal for pervasively corrupt, defacto bankrupt america. Yes, we all know that QE has been a dismal and costly failure unless the measure of success is the increased wealth of the frauds on wall street; after all, as with this still extant financial crisis (toxic assets/paper/securities cashed out and still out there in the trillions though now marked to anything as per legislated mandate / complicity / FASB rule change) , your dollars actually and ultimately financed their ill-gotten gains which never seem to translate into the promised job, economic gains and go on despite well-founded, prominent warnings that the same will not succeed and have, as warned, exacerbated that which was meant to be cured. The key here is expectations based on what. I, and others have been saying such expectations have been based upon total b***s***, manipulations, if not outright fraud. Certainly the toxic assets now marked to anything as per legislated professional criminal courtesy in the form of FASB rule change will figure prominently in the next phase of this ongoing economic / financial crisis / debacle, the worst of which is yet to come, having been exacerbated thereby. Moreover, it’s now clear that the fed’s machinations have failed, benefited fraudulent wall street and insiders only, to everybody else’s expense and detriment including a hyperinflationary environment some (including El Erian of PIMCO) euphemistically refer to as stagflation. ’ Report: SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings, Volkman Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target financial fraud Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality

CRIME STATISTICS >(america is No.1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

(6-16-11) Dow  11,961 +64 Nasdaq  2,623  -8    S&P 500  1,267  +2   [CLOSE- OIL $94.95 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.69 (reg. gas in LAND OF FRUITS AND NUTS  $3.93 REG./ $4.04 MID-GRADE/$4.14 PREM./ $4.35  DIESELL) /  GOLD $1,526 (+24% for year 2009) / SILVER $3534 (+47% for year 2009) PLATINUM $1,762 (+56% for year 2009)  Metal News for the Day / DOLLAR= .69 EURO, 80 YEN, .61 POUND STERLING, ETC. (How low can you go - LOWER)/  Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 2.93%       AP Business Highlights     ...Yahoo Market Update...   T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies -  Domestic / International   This Is a Secular Bear Market and The End of Buy and Hold … and Hope   The bull market that never was/were  beyond wall street b.s. when measured in gold ‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial Data                     This Depression is just beginning The coming depression…  thecomingdepression.net The Next Wave of Collapse is Coming Sooner than you think Sliding Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

National / World

Is Obama About to Install a Commie at the Pentagon? Kurt Nimmo | Making the case that Leon Panetta is a globalist tool, not a Marxist.

Living in the Shadows: A World of Black Ops and Cyber Wars John Galt | The shadow wars/black ops mentality has now quickly come home to roost, as it always must.

INFOWARS EXCLUSIVE: Military Sources Reveal Ground Force Invasion of Libya Infowars | Infowars.com has received alarming reports from within the ranks of military stationed at Ft. Hood, Texas.

Is This It? Mass Rioting, Civil Unrest In Greece As Economists Warn Of Global ‘Armageddon Scenarios’ Steve Watson | The whole of Europe and by extension, the world, could face financial armageddon should Greece default on its debt

Meet the New Boss: Islamist Website Says Ayman al-Zawahri New al-Qaeda Leader Kurt Nimmo | New target in perennial war against terror group named after a database.

U.S. Invasion of Libya Set for October Aaron Dykes | Reports from military confirm plans to initiate a full-scale U.S.-led ground invasion in Libya, deploying troops by October.

Washington Post Covers Bohemian Grove Kurt Nimmo | Establishment newspaper’s website posts article on the secretive annual soiree of elitists. Following the Bilderberg meeting in St. Moritz and the corporate media’s partial coverage in order to at least appear somewhat relevant, the crown jewel of Operation Mockingbird, the Washington Post, has posted an article on the decadent soiree in northern California.

Insider Leaks Reveal Full Bilderberg Agenda On War and Alternative Media The move by al-Qaeda in Yemen and news of the CIA plan to escalate the drone war into Africa follows by several days word that the elite plan to expand the fabricated war on terror. Last week in St. Moritz, Switzerland, inside sources at the Bilderberg meeting revealed that the globalists are working to spread the war throughout the region.

US Warships Moved To Syrian Coast Even as the Obama administration prepares to launch a full ground war in Libya while expanding its drone attacks inside Yemen and Pakistan, US warships are being moved towards the Mediterrenean coast of Syria, precisely in line with forecasts that the Bilderberg Group intended to launch a massive new war in the Middle East, with Syria being its prime target.

U.S. Invasion of Libya Set for October Infowars.com has received alarming reports from within the ranks of military stationed at Ft. Hood, Texas confirming plans to initiate a full-scale U.S.-led ground invasion in Libya and deploy troops by October.

Change: First Lady Wants Hollywood to Excrete Even More Pro Military Propaganda Michelle Obama wants to see more stories of military families on TV and in movies, so she came to Hollywood to do something about it.

Fukushima: It’s much worse than you think Scientific experts believe Japan’s nuclear disaster to be far worse than governments are revealing to the public.

Russia, China warn West against Arab interference Russia and China oppose outside interference in the unrest in the Arab world, the two presidents said on Thursday in a declaration, as the West seeks their support for increasing pressure on Syria.

TEPCO starts up water treatment system, but massive radioactive waste feared Tokyo Electric Power Co. (TEPCO) began a trial run of a radioactive water treatment system at the crippled Fukushima No. 1 Nuclear Power Plant on June 15 in a desperate effort to break away from the vicious cycle of injecting water into reactors to cool them and ending up with more contaminated water.

Japan plans to move pregnant women from far-flung radiation Japan plans to ask pregnant women and children to move away from radiation “hotspots” that were found far away from the crippled Fukushima nuclear plant, the government said on Thursday, reflecting new anxieties about the spread of radioactivity.

Predatory Policy: US, UK enter Yemen with deadly drone strikes, choppers The West is weighing in to Yemen’s ongoing unrest – with deadly force. Officials in the troubled country say U.S. drone strikes have killed over a hundred people, including civilians, in the past two weeks. Now, the UK’s preparing attack helicopters and commando squads for possible action in Yemen.

U.S. helicopters fire on attackers in Iraq oil hub Reuters | U.S. military helicopters fired on suspected militia fighters in southern Iraq on Wednesday, killing one, in a rare American air strike responding to a rocket attack on an airport.

Chossudovsky: Bahrain killings approved in the White House While NATO continues bombarding Libya, they have quite a different approach with other countries–take for instance Bahrain.

Nigel Farage: Bankers+politicians = ‘unholy alliance’ vs people Renowned Eurosceptic and British Euro MP Nigel Farage says saving the banks is why politicians are so determined to bail out Greece and keep it in the Eurozone.

We Suffered a Fukushima-Style Melt-Through In the Global Financial System in 2008 … But Nothing Has Been Done to Fix It As I noted in April, the Japanese nuclear disaster and financial crisis were caused by the exact same thing: removing all of the safeguards in order to save money. / Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billiions from the fraud ). UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.

‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

Biden-led deficit talks resume [ ‘Lobotomy Joe’? Well that engenders confidence … Riiiiight! ] Looking for Medicaid savings Faced with severe budget problems, Republican governors are escalating their fight against federal rules requiring states to maintain current levels of health-care coverage for the poor and disabled. (Washington Post) [S&P downgrades GreeceIt now has the world’s lowest debt grade, and S&P said a restructuring looks “increasingly likely.” (Washington Post) [ As dire as the Greek predicament is, some very distinguished experts say: Drudgereport: USA in Even 'Worse Shape Financially Than Greece'... CHINA: USA 'ALREADY DEFAULTING'...
TEMPLETON chairman: Financial Crisis 'Around Corner'...
'WE ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...'
Greek rating now worst in the world...
CCC...
Likely Default...
Ill. so broke considers ads on license plates...
Eurozone 'heads for break up'... The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed… an especially great opportunity to sell / take profits while you still can since there's much worse to come! Selling In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock Market: 4 Current Warning Signs Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart.

Facebook Censoring Some Alternative News Sites While Allowing Hackers To Attack Others Facebook now appears to be censoring some alternative news sites while allowing hackers to go after others. It is no wonder they lost 6 Million users in the US last month. Google denies special deal for Barack Obama Google denied Wednesday that it gave President Barack Obama’s re-election campaign special access to a new advertising program, something a sales representative from the search and advertising giant had claimed in an email to customers.

Drudgereport: TEMPLETON chairman: Financial Crisis 'Around Corner'...
'WE ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...'
CHINA: USA 'ALREADY DEFAULTING'...
Greek rating now worst in the world...
CCC...
Likely Default...
USA in Even 'Worse Shape Financially Than Greece'...
Protesters burn American flag during Obama visit to Puerto Rico -- a U.S. territory...
VIDEO: Heckled At Miami Fundraiser...
Carney defends WH meeting with Wall Street donors...
POLL: Obama Loses to Generic Republican... [ No surprise here! ]
GREECE FACES DEMAND FOR DEEPER CUTS...

CHINA RUSSIA CLOSER

Union boss: 'Adolf Christie' trying 'to make NJ Nazi Germany'... [ Come on! Let’s get real here! First, corrupt mob-infested jersey is already that and worse. Second, defacto mob control, such as it is in jersey, is already facist which ultimately is what totalitarian regimes are all about, be they right or even left. ]
STUDY: Land of the Free? NY, NJ, CA come out at bottom of individual freedoms...

THE FALL OF GREECE...
Deal fails to ease contagion fears; Spanish borrowing costs hit 11-year highs...

Russia, China warn West against Arab interference...

NSA, Internet Providers Teaming Up To Monitor 'Web Traffic'...
Ill. so broke considers ads on license plates...

Eurozone 'heads for break up'...
BOEHNER GIVES OBAMA ULTIMATUM ON LIBYA
'In five days, the administration will be in violation of the War Powers Resolution' on Libya...
THE OTHER WAR: Secret US, Afghan talks could see troops stay for decades...
US Housing Crisis Now Worse Than Great Depression...
Since stimulus passed, 1.9 M fewer Americans working...
REPORT: Gold headed for $5K an ounce...
OPEC sees risk of price rise, shortage...

Obama on Weiner: 'I would resign'...
Earlier: Sex Twittering Dem a 'Distraction'...
Will keep $174,000 salary while in rehab...

POLL: Just 26% Favor Continued Military Action in Libya...
UK Navy chief: Britain cannot keep up its Libya role...
Vancouver Rocked By Stanley Cup Riot... [Congratulations to the Boston Bruins! ]
150 hospitalized...
Hockey dream turns nightmare... [ As with inherently criminal americans, my experience with canadians has not been good at all! ]
SHOCK VIDEO: Crowd stomps man who tried to stop looting...

DALLAS MAVS SHUT DOWN THE HEAT... [ Congratulations to the Dallas Mavericks! ]
REPORT: Stocks Face Rocky Week...
DOW FALLS BELOW 12,000...
Six-week losing streak longest since Oct 2002...
Nasdaq Turns Negative for Year...
Fed to Announce 'Final Bond Purchases' Today...
Another Housing Drop Predicted...
STUDY: Most Americans 'won't be able to retire until their 80s'...
Cash-strapped states considering online lottery sales...

GALLUP: OBAMA BACK UNDERWATER 45/46...
PA 2008: OBAMA 55%; 2011: 41% APPROVAL...
FLA: Trouble in Paradise...

MURDER CONVICTION TOSSED OVER 'RACIST' COMMENTS... [ Ridiculous! ]

Swiss Politicians To March On Bilderberg, Demand Arrest Of Kissinger...
Italian Politician 'bloodied' sneaking into hotel...

ECONOMIC 'HORROR' AS DATA PLUNGES
Dow Has Longest Weekly Slump Since '04...
Housing prices fall 'beats Great Depression slide'...
CHICAGOLAND: Flash Mobs Attack 2 Men...
WAR NO. 4: USA INTENSIFIES SECRET YEMEN AIRSTRIKES
Chicago rapper calls Obama 'biggest terrorist' in US...
Poll: Obama approval rating drops as fears of depression rise...
OBAMACARE GOES TO COURT...
Judges suggest they may be ready to declare law unconstitutional...
...Express unease with gov't forcing Americans to buy health care
Random mobs run wild in Chicago...
TARGET CITY BUSES...
Victims seriously injured...
NYT: SAUDIS SPENDING $7K PER CITIZEN TO AVOID OVERTHROW OF KINGDOM... DEVELOPING...
OBAMA OFFERS BAILOUT $$ FOR GREECE...
POLL: Only 24% Say They Share President's Political Views...
Nearly half of Americans fear another Great Depression...
OPEC BREAKDOWN, NEW OIL SPIKE...
FED: Economy falters in several US regions...
Lack of buyers may force Treasury to boost interest rates...
China overtakes USA as top energy consumer...
Warns debt-default idea is 'playing with fire'...
Fitch to review US debt rating...
TAX FURY IN ATHENS AS GOV'T FACES DEBT
'Bankrupt' claim heightens Spanish debt fears...
9.1%
MAY JOBS: +54,000...
MCDONALD'S hired half...
Fears stoked of a 'double-dip'...
CBO: True Cost of Fannie, Freddie Bailouts $317 Billion, Not $130 Billion Obama Claims...
Taxpayers Still Bailing Out Banks...
WH: 'Bumps on the road to recovery'...
O gets booed...
LET'S GOLF ABOUT IT
China Divests 97% of Holdings in US Treasury Bills...
DOOM: More Americans Think Economy Will Never Recover...
GOP sees Obama as increasingly beatable...
Recovery Languishing as Americans Await Signal of Better Times...
Congress Delivers Obama 'Stunning Rebuke on Libya'...
Weiner withdraws from speaking engagement...
Dow tumbles 280 points...
Private Sector Jobs Grew By Only 38,000 in May...
Planned Layoffs Up...
Manufacturing Slows...
MOODY'S: US Rating Could Be Placed Under Review...
Greece goes further into junk territory; MOODY'S downgrades...
AP: Consumer confidence falls 'unexpectedly' in May...
BARONE: Pro-Obama media always shocked by bad economic news...
Home-price index at lowest point since 2006 bust...
'Double-Dip' Even Worse Than Expected...
GOLDMAN SACHS: $5 gas this summer...
Number of federal-owned limousines has soared under Obama...
Obama bailout of GOV'T MOTORS to cost taxpayers at least $14 billion...
Obama solicitor general: Don't like healthcare mandate, earn less money!
REPORT: Senate's 100 members spend $40M for 700 offices nationwide...
7 'NATO troops' killed Thursday were American...
British Health Care Program in Grave Peril...
Netanyahu: Israel cannot prevent UN recognition of Palestinian state...
First ID'ed as 'Int'l Security Assistance Force service members'...
Deadliest day this year...
WARS RAGE ON...
U.S. Dead in Afghanistan Tops 1,500...
OBAMA HITS GOLF COURSE FOR ROUND NO. 70...
ON THE GROUND IN LIBYA
Anti-Christian Violence Continues in Pakistan...
UPDATE: MIAMI 'WAR ZONE' DURING URBAN WEEKEND...
'I was scared for my life'...
Poet 'Da Real One' Gunned Down In Front Of Miami Poetry Cafe...
Violent crime explodes in Myrtle during Black Bike Week; 8-hour hell...
Rib Fest At Rochester beach turns rowdy...
Riot On Long Island...
Urban Melee In Charlotte...
Chaos causes DNC concern for convention...
Unruly urban crowd shuts down Nashville water park...
Emanuel shuts down packed Chicago beach; 'heat-related illnesses'...
REPORT: 'Dozens of gang bangers'...
TEEN GANGS UNLEASHED ON BOSTON BEACH
WHO: Radiation From Cell Phones Can Cause Cancer...
In same category as lead, engine exhaust, chloroform...
VIDEO: Woman Screams For Help After TSA Molestation...

WEINER ROASTED... [ Ah, yes. Weeny roast indeed. The end of a saga as Tony Weiner resigns. Truth be told, I’m a bit surprised. After all, as stated in a soundbite of a new york voter, ‘they (the rest of congress) are worse than him!’ Difficult to dispute. The truth, that is. Kind of like that scene in ‘Road to Perdition’ of mob boss Newman’s retort to hitman Hanks, ‘there are only murderers in this room’. Point well-taken. After all, they backed bush’s war crimes, covered up wall street’s crisis-causing frauds in the trillions even to this day, are venal and corrupt even as they scoffed at straight-shooters as Ross Perot who highlighted what is now recognized as gross incompetence, extended their tainted touch to the quid pro quo federal courts, etc.. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]
Press conference turns into circus...
NO HUMA...
MSNBC Host: 'Reminded me of Saddam Hussein hanging'...
REPORT: Could Run For Seat Again in Upcoming Special Election...
Congressman Joins Jobless Ranks...
...Approached for 'Entourage' Cameo

SEXTING WEINER OFF TO REHAB

NEW PHOTOS: Weiner Used Congressional Gym As 'Sexy' Backdrop...
Entering 'psychological treatment center'...
PELOSI: OUT... DNC BOSS: RESIGN...
Boehner gets laughs with quip...
PELOSI: You gotta' go...
DNC BOSS: RESIGN...
Chorus to quit grows...
WEINER WON'T GO
Cops probe texts to teen girl...
MSG: 'Large. Tights and cape'...
Weiner admits, says they were harmless...
Rangel defends: 'He wasn't going out with little boys'...
THE NEW TACK: Dem rep sick, needs treatment to 'make himself well'...
New X-rated Weiner photo hits web...
Weiner: That's my weiner, too...
Another Weiner Sexter Emerges...
POLITICO on Weiner: 'Dam is breaking'...
DEMS BAILING...
Old Flame Calls on Him to Quit... ‘…he transcript of a nine-month "sexting" relationship Weiner had with a Las Vegas blackjack dealer. Radar Online posted the transcript, and it is rife with misogyny and distorted views about women. In referring to oral sex, Wiener tells her, “You will gag on me before you c** with me in you” and “[I’m] thinking about gagging your hot mouth with my c***.” This is not about sex. It’s about dominating and inflicting physical pain on a woman, a fantasy the hard-core porn industry makes billions of dollars on selling to men. You don’t want to gag a woman with your penis unless you have some serious issues with the way you see women. As for his other views of women, he tells her, “I hear liberal girls are very, uh, accommodating of other[s],” playing on a bogus stereotype that politically liberal women are promiscuous. When he asks the woman, who is Jewish, “You give good h**d?” and she says yes, he exclaims: “Wow a Jewish girl who sucks c***! this thing is ready to do damage.” ‘[ What a total mental case! ]
REPORT: Weiner coached woman to lie...
TMZ: Offered PR help...
Dems Begin Peeling Off...
Breitbart says he has X-rated photo...
WHACKED, NOT HACKED!
'Used govt. resources'...
Breitbart: 'I Want To Hear Truth'...
6 'inappropriate' relationships...
ABCNEWS: Mystery Woman Revealed...
HER STORY...
Risqué Online Chats, Photo Swaps...
SLIDESHOW...
VIDEO: 'Web of lies'...
TWITTER TEARS: WEINER ADMITS
REPORT: Woman claims to have 200 explicit messages from NY Dem...
IT MIGHT BE MY WEINER! REPORT: WEINER'S TALE UNRAVELING... By Daniel Libit Sunday, June 5, 2011 ‘As the world has attempted to make sense of Rep. Anthony Weiner’s claim that his Twitter account was hacked, a key clue has been missing: exactly how the notorious groin pic was posted online. But according to data provided exclusively to The Daily from TweetCongress.org, a nonprofit website that captures each member of Congress’s Twitter feeds in real time, the shot seen round the world was transmitted using TweetDeck — a popular Adobe desktop application that links up with social networking sites. A review of Weiner’s Twitter stream from May 27, the day of the crotch pic, shows that Weiner had been posting only from TweetDeck — one of many ways to post messages to Twitter — that entire night. Chet Wisniewski, a senior security adviser at security software company SophosLabs, said the TweetDeck stamp “does make it more plausible that it did come from him.” Weiner used TweetDeck frequently, but he often also posted from the Web directly or from his BlackBerry. A widely circulated explanation for how Weiner’s Twitter account could have been hacked by email would also seem to be incompatible with the fact that the message in question originated on TweetDeck. If email had been used, the message probably would have originated via the photosharing site Yfrog, where the infamous picture was posted …’ [ Weiner admits he sent lewd picture; won't quit (AP) - After days of denials, a choked-up Rep. Anthony Weiner confessed Monday that he tweeted a photo of his bulging underpants to a young woman, and he also admitted to "inappropriate" excha...’ Tearful US congressman admits to crotch photos (AFP) ]
'This Could Be The End For Him'...
’Pot Calls Kettle Black’: Donald Trump Unloads on Anthony Weiner: "He's a Psycho" - Donald Trump has a new target, and boy does he look pleased. "The fact is, Anthony Weiner is a bad guy," the Celebrity Apprentice honcho, who recently decided against running for...
'Have You Ever Taken A Picture Like This Of Yourself?'...
WEINER CALLS COPS ON CBS WASHINGTON (CBSNewYork) — ‘Congressman Anthony Weiner said Thursday he’s finished talking about the lewd photo sent from his Twitter account.But he still wouldn’t say whether he’s the one in the picture.So CBS 2 political reporter Marcia Kramer decided to go to his office on Capitol Hill to try to get you some answers.You’ll never believe what happened.Kramer tried to get an interview with the six-term New York Democrat and as a result had the cops called on her.Kramer walked in to Weiner’s office, announced herself as being from CBS 2 in New York City and said she’d like to see the congressman. Those few words created quite the stir. Doors slammed and people pretended she wasn’t there ...’ Weiner’s efforts don’t cool furor The congressman said that he didn’t send a lewd photo on Twitter but also that he couldn’t “say with certitude” whether the image was of his own crotch. (Washington Post) [ ‘Weiner’s weiner’! ‘Not cool furor’ … how ‘bout just plain ‘not cool’. Eh … what can you expect from national drain / sinkhole new york (new york / new jersey metro). I haven’t read but probably agree with the following article: Listen up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr. Milbank weighs in: ‘The Weiner roast Congressman finds himself in a fight he does not relish.’ Report: SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ John Cummings (Author), Ernest Volkman (Author) Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:

Focus Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs, extinction, at least in a manner of speaking. Global information exchange at lightning speed has made such throwbacks to a lost era, propaganda, and maladaptive traits foolish at best, deadly at worst. Intelligent people worldwide aren’t buying the obsolete, Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc..; more specifically, diversion of the masses from the glaring failures of leadership, economic and otherwise.

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed… an especially great opportunity to sell / take profits while you still can since there's much worse to come! Selling In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart.

The Market Correction Deepens: Dave's Daily ‘… The dollar's sharp rally Wednesday took most commodities, except precious metals, to the woodshed. So why would the dollar rally with a trifecta of lousy economic data? It's more likely repatriation and a flight to safety as risk avoidance remains job one. And, the data was horrible led by the Empire State Manufacturing data (-7.8 vs 14 expected), Industrial Production (.1% vs .2% expected) and the Housing Index (13 vs 16 previous) which combined to hit stocks hard. Yesterday's theme, "not as bad as feared" was quickly forgotten for the spin it was. Sure, folks are worried about Greece but it's a small country. Nevertheless, it's symbolic of the debt crisis contagion moving around the developed world from PIIGS to as far as Madison, Wisconsin. Political leaders must confront realities born of this growing cancer. It won't by pretty, it won't be fun but it must be done. Where's the leadership?! What's next? If you care, there's Jobless Claims Thursday (Care to guess? Most experts are just picking numbers out of the air now); Housing Starts and the Philly Fed Survey. Volume Thursday was again much higher on selling than the previous rally. Breadth was quite negative and approaches another 10/90 day …’

Weakening Consumer And Manufacturing In U.S. Dishearten Markets at Forbes

[video] Trader: Dow Could Drop to 10,500 at TheStreet.com

Greece poses $41 billion risk to U.S. banks Wed, 15 Jun 2011 Raging debt crisis in Greece raises questions about how much U.S. banks stand to lose. ...

See It, Market: Hooky the Bear at Minyanville

Robert Shiller: Stocks and Real Estate Remain Grossly Overvalued

Why the Denial of Peak Oil Is Becoming More Dangerous Every Day

Is Ben Bernanke Sabotaging the Chinese Economy? [ Sabotage? China? I’d say ‘no-recession-helicopter-ben-b.s.bernanke’ is an ‘equal opportunity incompetent’ and wall street fraud protector, as the entire world realizes day-by-day! ]

Minyanville's T3 Daily Recap: Greek Anxiety Triggers 180 Point Drop in Dow

[video] Foreclosure City, USA

Big Money Investors Feeling Fearful: Follow the Puts Barrons Steve Sears ‘VIX is up above 21. The Standard & Poor’s 500 Index is down 19 big ones. How afraid are investors? Follow the puts. The trading patterns reveal widespread fear among investors with big money. Toward the close, one investor bought 22,000 September 1,225 puts on the Standard & Poor’s 500 Index, and sold 22,000 September 1,125 puts. The position hedges about $2.7 billion worth of stocks in case the Standard & Poor’s 500 Index drops from its current level of 1,267 to 1,125. This trade indicates a major investor is worried about further declines, and has protected his portfolio into September in case the stock market free-falls. That investor is not alone. A review of S&P 500 put trading shows significant trading volume at almost every available strike. The action reflects this Thursday’s expiration of index options, which is clearly responsible for some of the action. But the tone of trading marks the first time in months that fear has truly animated the options market. If conditions continue to deteriorate in Greece – and this is doubly true if Greece defaults on its debt – today’s put buying will seem like an aperitif ahead of put-buying smorgasbord. VIX at 21 will seem like a bargain compared to fear of economic contagion.’ [ Then, of course, there are those really close to the ‘action’: Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart…’ ]

U.S. Banks Tumble, But European Banks Really Tumble

Sell On The Rallies- Don't Buy On the Dips at Forbes Robert Lenzner [ I quite agree with Mr. Lenzner who has resisted through sound judgment the temptations and implicit pressures of the herd mentality on wall street. After all, bulls are cattle and hardly known for their brain power. ] ‘ Don’t listen to all the money managers selling their wares on tv.  Unfortunately, this is a watershed moment for investors again– and I’m feared all the negatives in the world are seeming to overwhelm. We are in midst of 7th straight week down.QE2 will end in 15 days– and it played  a strong support system for equities– up 25%, oil, up 25% and gold, up 25% ever since September, 2010 when Fed Chairman Ben Bernanke signaled he wanted to increase the wealth on paper of investors.If equities are on the way down– and the rout today overwhelmed the gains yesterday– then you  will experience the double whammy of stocks and homes losing value at the same time–  to what extent nobody knows. Money center banks like Bank of America certainly face write-downs from their huge portfolio of home mortgages. Wells Fargo, a Berkshire holding, is one of the widest held stocks by the mutual fund industry.Yes, The Greek economy is in deep trouble, but the larger problem is the holdings of European banks in the loans of Greece, Ireland, Portugal, Spain and Italy. Already, Moodys is talking about downgrading 3 major French banks. It’s the turn of the British and German banks to face huge write-offs on their loans to troubled nations– and secondarily the need to raidse more capital themselves.I was informed this morning that some large money market funds in the US may hold large amounts of European bank paper, which could be difficult to liquidate in the current market environment.   We’ll try to check out which ones, but you may recall that PIMCO lost most of the $3.4 billion in Lehman Brothers fixed income securities it owned.Then, there’s the uncomfortable coincidence of the sell off in the emerging nations, especially China where inflation is running at 6%, and the understandable softness in major commodities like oil– $94 in the US today,  while the dollar rallied and gold looks to have lost its momentum.Indeed, this is a watershed moment. Just because cash is yielding nothing is no good reason to be 100% invested in common stocks.’

Minyanville's T3 Daily Recap: Greek Anxiety Triggers 180 Point Drop in Dow at Minyanville

Reprieve Over at The Wall Street Journal Market Beat Mark Gongloff ‘Just when it seemed the stock market was clawing its way toward a winning week, its first in seven, the Greek crisis flared anew, and suddenly the market is on track for a seventh straight losing week.The Dow fell 1.5%, or 179 points, to its lowest close since mid-March. The S&P 500 fell even harder, losing 1.7%.Even Pandora Media, wandering into the market on its first day of trading, had a non-LinkedIn-like 9% gain.There are still two whole days left to the week, of course — still plenty of time for the market to come out of it a winner. A solid resolution, though likely only temporary, to the Greek crisis could be a catalyst.But for now the guts of the market don’t promise much of a rally any time soon. How’d the leading-type indexes do? Not well. The Nasdaq and the Russell 2000 each fell about 1.8% and are back into the red for the year.The S&P 500′s worst performers were energy stocks, down 2.5%, as crude oil tumbled more than 4% to below $95 a barrel. Materials stocks fell 2.3%, and financials fell 2.2%. That drop in financials is troubling, as it suggests there could be more to come.Similarly, the euro’s sharp decline, down nearly 2% to below $1.42, is another indicator of wider risk aversion than we’ve seen so far in the US stock market’s six-week losing streak.It suggests investors are starting to think about the systemic, Lehman-like risks of a Greek default. Against the backdrop of weaker economic data in the US, this is not a recipe for a roaring rally any time soon. We won’t even mention how the return of violent anti-austerity protests in the streets of Athens raises eerie parallels to the flash crash last May.’

What Wall Street Won't Tell You [ Well, as we paraphrase what we sing in (tune ‘Love Story’) ‘Fraud Story’: Where do we begin, to tell the story of how great a fraud can be, that great fraud story with now fast computers is wider than the sea, and all that hard-earned money that you’ve took from me, it breaks my h_e_a_r_t ! Yes, their churn-and-earn frauds among others have never been so lightning fast; and, don’t forget, the commissionable trading on wall street is a NET NEGATIVE in real economic terms and that money for moving paper around has to come from some real place … ultimately, you, main street, etc.. ] BRETT ARENDS ‘Year after year, Wall Street types mock the supposed rubes and suckers who make up Mom and Pop investors.

And sure, regular investors can make plenty of mistakes when it comes to investing.

But here's what the Wall Street pros don't tell you: They aren't a whole lot better. I sometimes wonder if they know anything more than the rest of us.

Yesterday two separate reports landed on my desk. Both showed how the big money honchos have been handling your savings and investments.

The findings? You probably don't want to know.

According to the latest monthly survey from Bank of America Merrill Lynch, these professional money managers now think gold is "more overvalued than at any time since December 2009." Those are Merrill's exact words.

In December, 2009, gold hit a high of $1,170 an ounce.

Today? Oh, $1,515. That's an annualized return of 19%.

You couldn't make it up. So much for "overvalued."

According to Merrill Lynch, these professional money managers have been saying gold is overvalued for years completely missing the massive bull market of the past decade.

Merrill's latest survey includes data for the past two years, as gold has nearly doubled. During that time these professional investment managers have called gold actually cheap just once, in January 2009. Every other month they've said: "Oh, it's overvalued."

It was "overvalued" in May 2008 at around $880 an ounce. It was "overvalued" in June 2009 at around $930. It was "overvalued" in early 2010, and it was still "overvalued" a year ago at around $1,200 an ounce. And it's still "overvalued" today.

Merrill says it no longer has data going back earlier, but if my memory serves, the big money honchos were saying the same thing about gold in earlier years, too. It stands to reason, too, as when gold was $300 or $400 or $500 an ounce, none of them owned it. And I paid some attention to Merrill's findings on the subject, because I happened to be the person who first suggested they start asking about gold, way back in 2004.

To be fair, money managers haven't been completely useless guides to gold. December 2009, when they said it was really, really overvalued, they had half a point. Gold had just had a big run, and was due a correction. It then fell 10%.

And maybe we're in the same situation now. Gold's had a good run so far this year, and summer is traditionally a weak time in the gold market, so maybe you'll get a better deal if you wait a bit, though there are no guarantees.

If this were just about gold, it wouldn't matter so much.

But over the past decade, money managers have been making an equally bad call about a much bigger asset class: bonds.

Merrill data show they have been calling bonds "overvalued" consistently since at least 2002.

And they've been singing the praises of stocks instead.

Meanwhile, over nearly all of that time, it was generally a far smarter move to have your money in bonds than stocks. The Vanguard Total Bond Market Index Fund, for example, has made you nearly twice the profits of the Total Stock Market Index Fund with far fewer the ulcers.

This is what we're paying the big bucks for? These guys have been loaded up to the gunwales with stocks, holding too few bonds, and no gold, for a decade. Nice move.

I've noted before that, on occasions, their collective gaffes have been mind-boggling. They dumped their last remaining Japanese stocks right at the lows, in April 2003. Then they loaded up again in 2005, after Japanese stocks had already boomed, before bailing yet again. In June 2007, they fell madly in love with European stocks, and loaded the boat. Merrill called it "EU-phoria." European stocks then crashed.

Now let's turn to yesterday's second report, from pension consultants Mercer. It looks at how big company retirement plans are managing their investments.

And it turns out not owning gold is the least of their problems.

Mercer looked at all the final salary plans run by Standard & Poor's 1500 companies.

Bottom line? Many of these funds are still significantly underfunded. Even after the gerrymandered stock market "boom" of the past two years, they have only enough assets to cover 83% of their liabilities.

"Despite employer contributions of $77 billion and aggregate asset returns of $156 billion (a 12% median rate of return), pension deficits decreased by only $8 billion during the fiscal year," says Eric Veletzos, the Mercer principal in charge of the study.

An $8 billion improvement compared to total pension liabilities of $1.7 trillion. It hardly inspires confidence. And that's after a big rally.

Meanwhile, says Mercer, the aging Baby Boomers are nearing retirement and many plans "may be nearing the end of their 'growth' or 'accumulation' phase and transitioning to a 'spend-down' phase." Oh, happy day.

So managers are doing what you'd expect in situations like this. They are pinning their hopes on big stock market gains, and hoping for the best.

Typical funds are counting on investment returns between 7% and 8% a year, reports Mercer. There's just one problem: Many of them are also holding lots of low-risk, low-return bonds. In some cases they are holding half, or even two-thirds, of their entire portfolios in bonds.

And yet they are still expecting overall investment returns of 7% to 8%.

Hmm. Ten-year Treasury bonds yield a mere 3%. Even long-term AA-rated corporate bonds yield only about 5.3%, according to Barclays Capital. So if half your portfolio is in investments like these, how do you get 7% or 8% overall? Easy. You just tell people stocks will give you 8%, 9%, even 10% a year.

Good luck with that.’

SEC settles fraud case against former official (Washington Post) [ $14 million? How ‘bout the trillions involved in the last and continuing crisis inducing fraud. Well, we all know that nothing succeeds quite like failure in america; you know, that new normal for pervasively corrupt, defacto bankrupt america. Yes, we all know that QE has been a dismal and costly failure unless the measure of success is the increased wealth of the frauds on wall street; after all, as with this still extant financial crisis (toxic assets/paper/securities cashed out and still out there in the trillions though now marked to anything as per legislated mandate / complicity / FASB rule change) , your dollars actually and ultimately financed their ill-gotten gains which never seem to translate into the promised job, economic gains and go on despite well-founded, prominent warnings that the same will not succeed and have, as warned, exacerbated that which was meant to be cured. The key here is expectations based on what. I, and others have been saying such expectations have been based upon total b***s***, manipulations, if not outright fraud. Certainly the toxic assets now marked to anything as per legislated professional criminal courtesy in the form of FASB rule change will figure prominently in the next phase of this ongoing economic / financial crisis / debacle, the worst of which is yet to come, having been exacerbated thereby. Moreover, it’s now clear that the fed’s machinations have failed, benefited fraudulent wall street and insiders only, to everybody else’s expense and detriment including a hyperinflationary environment some (including El Erian of PIMCO) euphemistically refer to as stagflation. ’ Report: SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings, Volkman Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target financial fraud Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality

CRIME STATISTICS >(america is No.1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

Greek debt fears sink Wall Street, more losses eyed (Reuters) Stocks tumbled on Wednesday, driven lower by escalating Greek debt woes, while troubling U.S. data pointed to further losses ahead.

Greeks Strike, Clash With Police Over Austerity Reuters | Stone-throwing Greeks clashed with police and tens of thousands of protesters marched on parliament on Wednesday.

Gold May Advance on Inflation Concern, Sovereign-Debt Crisis in Europe Bloomberg | Gold may gain for the first time in three days.

‘Bumbling’ Economy Result of ‘Meddling’ From Leaders: Ross CNBC | The US economy is just “bumbling along” and creating an uncertainty.

Warnings Of A Great Depression or Hyperinflation Unemployment at 22.4% is causing a run on assets of retirement funds. That is probably why legislation is being introduced to limit how much money can be removed from these investment vehicles.

Greek Ruling Party Members Rebel: Another MP To Vote Against Bailout So “He Can Safely Walk The Streets” Earlier today, we reported about Kozani Alekos Athanasiadis, a member of parliament for the Greek ruling PASOK party, who in a radio interview said that he would vote against the medium-term program.

The Reason Why Greece Is Angry, Or They Don’t Call It The “Misery Index” For Nothing A day ahead of the general Greek strike coupled with major Parliament blockade protest, it is useful to remember just why it is that Greeks are so angry.

US Housing Crisis Is Now Worse Than Great Depression It’s official: The housing crisis that began in 2006 and has recently entered a double dip is now worse than the Great Depression.

Biden-led deficit talks resume [ ‘Lobotomy Joe’? Well that engenders confidence … Riiiiight! ] Looking for Medicaid savings Faced with severe budget problems, Republican governors are escalating their fight against federal rules requiring states to maintain current levels of health-care coverage for the poor and disabled. (Washington Post) [S&P downgrades GreeceIt now has the world’s lowest debt grade, and S&P said a restructuring looks “increasingly likely.” (Washington Post) [ As dire as the Greek predicament is, some very distinguished experts say: Drudgereport: USA in Even 'Worse Shape Financially Than Greece'... CHINA: USA 'ALREADY DEFAULTING'...
TEMPLETON chairman: Financial Crisis 'Around Corner'...
'WE ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...'
Greek rating now worst in the world...
CCC...
Likely Default...
Ill. so broke considers ads on license plates...

Eurozone 'heads for break up'... The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed… an especially great opportunity to sell / take profits while you still can since there's much worse to come! Selling In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock Market: 4 Current Warning Signs Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart.

National /World

NATO sliding towards Libyan ground war: Russian envoy (Reuters)

The Cloud: Trojan Horse For Internet Takeover [ I must agree and find it difficult to imagine any rational person giving over to the cloud their own computer ops. ] Paul Joseph Watson | Welcome to a corporate, cable TV-style world wide web.

Stephen Baldwin May “Go Head to Head with Big Brother” Alec in NYC Mayor Race [ I’m for Alec Baldwin for Mayor … sorry Steve. ] Kurt Nimmo | Alex Jones interviewed the younger Baldwin at this year’s Talker New Media Conference in New York City.

TSA “Security Exercise” Covers 3 States, 5000 Miles Paul Joseph Watson | If you’re still living under the delusion that the TSA is just restricted to airports then think again.

Pentagon Papers Whistleblower Ellsberg Says Government Has ORDERED the Media Not to Cover 9/11 Washington’s Blog | It’s big news that the Pentagon Papers have finally been released by the government.

1.9 Million Fewer Americans Have Jobs Today Than When Obama Signed Stimulus Matt Cover | Twenty-eight months after Congress passed President Obama’s signature economic stimulus law, and nearly one year after he declared the summer of 2010 to be “Recovery Summer,” 1.9 million fewer people are employed.

Another Greek MP To Vote Against Bailout So “He Can Safely Walk The Streets” Tyler Durden | Earlier today, we reported about Kozani Alekos Athanasiadis, a member of parliament for the Greek ruling PASOK party, who in a radio interview said that he would vote against the medium-term program.

Lawmakers sue President Obama over Libya Politico | Bipartisan group of House members announced it is filing lawsuit charging that Obama made an illegal end-run around Congress when he approved military action against Libya.

‘Libya war driven by O.I.L.: Oil, Israel & Logistics’ – McKinney to RT As NATO attacks continue in Libya, ex US Congresswoman and former presidential candidate Cynthia McKinney went to the country on a non-governmental fact-finding mission to see what exactly is going on in the war-torn country.

Provocateurs In Greece Causing Brutal Police Crackdown on Leigitmate Protesters Greece is at boiling point – with police firing tear gas at crowds of angry protesters. Thousands of demonstrators are trying to block access to the Parliament building, where the government is discussing more cutbacks to secure further rescue loans.

Celente Slams “Cartoon News Network” GOP Debate Trends forecaster and social commentator Gerald Celente has slammed this week’s GOP presidential debate hosted by CNN as a “disgraceful” indication of the decline of America.

Lawmakers sue President Obama over Libya A bipartisan group of House members announced on Wednesday that it is filing a lawsuit charging that President Obama made an illegal end-run around Congress when he approved U.S military action against Libya.

Angry Protests Erupt Throughout China AN eruption of protests throughout China has sent armoured vehicles into town centres, prompted an internet blackout by the government and left thousands across the country blogging about “crazy” violence on the streets.

TSA “Security Exercise” Covers 3 States, 5000 Miles If you’re still living under the delusion that the TSA is just restricted to airports then think again. A joint VIPR “security exercise” involving military personnel has Transportation Security Administration workers covering 5,000 miles and three states, illustrating once again how the TSA is turning into a literal occupying army for domestic repression in America.

Facing a tall order in Afghanistan A low-key Marine, Gen. John R. Allen, is set to take over the war at a high-stakes moment (Washington Post) [ Tall order? That’s an understatement! Even if pervasively corrupt america wasn’t defacto bankrupt the ‘task’ would still be on the order of ‘mission impossible’. 90% of Petraeus’ Captured ‘Taliban’ Were Civilians Gareth Porter | More than 80 percent of those called captured Taliban fighters were released within days of having been picked up, because they were found to have been innocent civilians. Lawmakers push for a new Afghan strategy Congressional leaders are urging President Obama to take full advantage of progress achieved by narrowing the focus of the Afghan mission. (Washington Post) [ It seems they’ve taken Robert Browning to heart; viz., that ‘a man's reach should exceed his grasp’ (from a poem by Robert Browning). Indeed, they search for that ever elusive thing called ‘strategy’ vis-à-vis the so-called ‘Afghan mission’ for the umpteenth time. For them, this is but a ‘mission impossible’ as a strategy implies method to this reality of their madness. The heroin trade which they’ve ramped up (the Taliban had all but eradicated same) and commandeered as their own has been reason enough; yet, fog of war creates many opportunities for the american criminals despite the defacto bankruptcy of the nation. So, for the war criminal americans, reality certainly falls within the ambit of beyond their grasp. Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:

Focus Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs, extinction, at least in a manner of speaking. Global information exchange at lightning speed has made such throwbacks to a lost era, propaganda, and maladaptive traits foolish at best, deadly at worst. Intelligent people worldwide aren’t buying the obsolete, Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc..; more specifically, diversion of the masses from the glaring failures of leadership, economic and otherwise.

CRIME STATISTICS >(america is No.1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

Obama courts Latino vote with Puerto Rico visit Awkward Romney In casual moments, his weirdness comes through. (Washington Post) [ Didn’t see the debate nor read Mr. Milbank’s article. I’m certainly not going defend Romney after his recent gratuitous and misguided shill for israel; yet, it must be emphasized that wobama apologist / defender Mr. Milbank ignores the reality of ‘wobama the b’ (for b***s***) as a complete and abject failure as president or anything else, for that matter. Wobama is a total piece of s*** and I’m nonplused how he even came to be a u.s. senator, much less a candidate for president (actually David Icke clarifies infra); not that scrutiny of the senate reveals a distinguished, capable bunch at all. Then of course there’s the long history of corrupt Chicago / Illinois politics, mob / organized crime, etc.. Wobama’s such a total fraud! Even Puerto RICO’s on to him … Drudgereport: Protesters burn American flag during Obama visit to Puerto Rico -- a U.S. territory... I find even his retirement costs objectionable. Obama: My family is ‘fine’ with one term Politico | President Barack Obama says his family is “not invested” in a second term. The pandering by the wobamas is nauseating. And, michele’s fundraisers? What’s up with that? Wobama’s such a glomming golem / slug. Obama says if he were Weiner, he’d resign President Obama on Monday waded into the debate over whether embattled Rep. Anthony Weiner should step down, saying, “If it was me, I would resign..Barack Obama: The Naked Emperor Shocking but true revelations from David Icke| ..Obama is just more of the same, a big smile with strings attached, and controlled completely by those that chose him, trained him, sold him and provided his record funding, kept his many skeletons under wraps, like the gay sex and crack cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to be with your Presidential camp, who is alleged to claim that someone claiming to represent me called asking for $100,000, to keep me from coming forward about our (Obama and I) November 1999 encounter of sex and cocaine use?), ... Obama is just another Banksters' moll prostituting himself .., and that's why he supported the grotesque bail-out of the banking system and why he will always put their interests before the people. http://albertpeia.com/obamadeceptionhighqualityversion.flv

Romney says he can heal economy He kicks off presidential bid by trumpeting his record as a turnaround specialist in business. (Washington Post) [ Well, he’s certainly not going to do that by toeing the israeli lobby line as did failed president wobama the b (for b***s***), despite his recent rhetoric (meaningless coming from wobama the b) seemingly, but not really in terms of action (he’s literally continued the perma-war policies of war criminal and moron dumbya bush; ie., Afghanistan, Libya, etc., Drudgereport: FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA... Deadliest day this year... WARS RAGE ON... U.S. Dead in Afghanistan Tops 1,500...

Marcus: Weiner takes refuge in Rehab Nation (Washington Post) [ Drudgereport: THE NEW TACK: Dem rep sick, needs treatment to 'make himself well'...
New X-rated Weiner photo hits web...
Weiner: That's my weiner, too...
Another Weiner Sexter Emerges...
POLITICO on Weiner: 'Dam is breaking'...
DEMS BAILING...
Old Flame Calls on Him to Quit... ‘…he transcript of a nine-month "sexting" relationship Weiner had with a Las Vegas blackjack dealer. Radar Online posted the transcript, and it is rife with misogyny and distorted views about women. In referring to oral sex, Wiener tells her, “You will gag on me before you c** with me in you” and “[I’m] thinking about gagging your hot mouth with my c***.” This is not about sex. It’s about dominating and inflicting physical pain on a woman, a fantasy the hard-core porn industry makes billions of dollars on selling to men. You don’t want to gag a woman with your penis unless you have some serious issues with the way you see women. As for his other views of women, he tells her, “I hear liberal girls are very, uh, accommodating of other[s],” playing on a bogus stereotype that politically liberal women are promiscuous. When he asks the woman, who is Jewish, “You give good h**d?” and she says yes, he exclaims: “Wow a Jewish girl who sucks c***! this thing is ready to do damage.” ‘[ What a total mental case! ]
REPORT: Weiner coached woman to lie...
TMZ: Offered PR help...
Dems Begin Peeling Off...
Breitbart says he has X-rated photo...
WHACKED, NOT HACKED!
'Used govt. resources'...
Breitbart: 'I Want To Hear Truth'...
6 'inappropriate' relationships...
ABCNEWS: Mystery Woman Revealed...
HER STORY...
Risqué Online Chats, Photo Swaps...
SLIDESHOW...
VIDEO: 'Web of lies'...
TWITTER TEARS: WEINER ADMITS
REPORT: Woman claims to have 200 explicit messages from NY Dem...
IT MIGHT BE MY WEINER! REPORT: WEINER'S TALE UNRAVELING... By Daniel Libit Sunday, June 5, 2011 ‘As the world has attempted to make sense of Rep. Anthony Weiner’s claim that his Twitter account was hacked, a key clue has been missing: exactly how the notorious groin pic was posted online. But according to data provided exclusively to The Daily from TweetCongress.org, a nonprofit website that captures each member of Congress’s Twitter feeds in real time, the shot seen round the world was transmitted using TweetDeck — a popular Adobe desktop application that links up with social networking sites. A review of Weiner’s Twitter stream from May 27, the day of the crotch pic, shows that Weiner had been posting only from TweetDeck — one of many ways to post messages to Twitter — that entire night. Chet Wisniewski, a senior security adviser at security software company SophosLabs, said the TweetDeck stamp “does make it more plausible that it did come from him.” Weiner used TweetDeck frequently, but he often also posted from the Web directly or from his BlackBerry. A widely circulated explanation for how Weiner’s Twitter account could have been hacked by email would also seem to be incompatible with the fact that the message in question originated on TweetDeck. If email had been used, the message probably would have originated via the photosharing site Yfrog, where the infamous picture was posted …’ [ Weiner admits he sent lewd picture; won't quit (AP) - After days of denials, a choked-up Rep. Anthony Weiner confessed Monday that he tweeted a photo of his bulging underpants to a young woman, and he also admitted to "inappropriate" excha...’ Tearful US congressman admits to crotch photos (AFP) ]
'This Could Be The End For Him'...
’Pot Calls Kettle Black’: Donald Trump Unloads on Anthony Weiner: "He's a Psycho" - Donald Trump has a new target, and boy does he look pleased. "The fact is, Anthony Weiner is a bad guy," the Celebrity Apprentice honcho, who recently decided against running for...
'Have You Ever Taken A Picture Like This Of Yourself?'...
WEINER CALLS COPS ON CBS WASHINGTON (CBSNewYork) — ‘Congressman Anthony Weiner said Thursday he’s finished talking about the lewd photo sent from his Twitter account.But he still wouldn’t say whether he’s the one in the picture.So CBS 2 political reporter Marcia Kramer decided to go to his office on Capitol Hill to try to get you some answers.You’ll never believe what happened.Kramer tried to get an interview with the six-term New York Democrat and as a result had the cops called on her.Kramer walked in to Weiner’s office, announced herself as being from CBS 2 in New York City and said she’d like to see the congressman. Those few words created quite the stir. Doors slammed and people pretended she wasn’t there ...’ Weiner’s efforts don’t cool furor The congressman said that he didn’t send a lewd photo on Twitter but also that he couldn’t “say with certitude” whether the image was of his own crotch. (Washington Post) [ ‘Weiner’s weiner’! ‘Not cool furor’ … how ‘bout just plain ‘not cool’. Eh … what can you expect from national drain / sinkhole new york (new york / new jersey metro). I haven’t read but probably agree with the following article: Listen up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr. Milbank weighs in: ‘The Weiner roast Congressman finds himself in a fight he does not relish.’ Report: SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ John Cummings (Author), Ernest Volkman (Author) Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:

Focus Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs, extinction, at least in a manner of speaking. Global information exchange at lightning speed has made such throwbacks to a lost era, propaganda, and maladaptive traits foolish at best, deadly at worst. Intelligent people worldwide aren’t buying the obsolete, Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc..; more specifically, diversion of the masses from the glaring failures of leadership, economic and otherwise.

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

Obama’s America: Prosperity Lost President Obama, the fellow leftists in his administration, and the Congress, nearly none of whom have ever made a viable contribution to the Gross Domestic Product, are hell-bent on seizing complete control of the economy.

Despite Today's Rally, Investors See Threat of a Market Correction at Minyanville Lloyd Khaner June 14, 2011 ‘We may not be out of the woods, yet; this week, investors were given new reasons to worry.

Investors are in better spirits today following upbeat news about retail sales and China's move to curb inflation, but make no mistake: the global markets remain nervous and the risk of a major correction lingers.

This week, Lloyd's Wall of Worry climbs to 22 blocks, with three new concerns joining the list of fear-inducing hot topics: Mini-flash crashes, the ECB's promise to hike rates and China's U.S.-listed reverse merger companies.

For more on how to use Lloyd's Wall of Worry as an investing tool, see below. For a look at the the specific worries making investors nervous this week, keep reading.

QE II: Okay, we got it -- no QE 3. How’s about a 2.5, so we go from the cigs to the nicotine patch and avoid the massive withdrawal pain of cold turkey?

U.S. ECONOMY: Let’s not have everyone panic because we got one or two -- or six  -- weak economic reports. Though hopefully a few key people will panic and “FIX IT!”

UNEMPLOYMENT: “The long and winding road, that leads, to your door…” from the unemployment office. Getting sad and tough and mean and nasty and real out there.

U.S. DEBT CEILING: No doubt about it we're rapidly building another lose-lose situation here. We don’t raise it, we lose credibility. We do raise it, we lose credibility.

INVESTOR SENTIMENT: The professional traders are so freaked that they’re wearing straightjackets to work. Amateur traders would do the same but they lost theirs trading against the pros.

HOUSING CRISIS: I’d say let’s just hit the fast forward button to the end of this mess but I’m afraid that at my age I would look ridiculous in the Mad Max-wear we’re all destined to be donning.

INFLATION: Well, there’s one place it’s not currently showing up and that’s in stock prices. Gallows humor anyone?

STOCK MARKET TECHNICALS: Short-term oversold, which means there may be a bit more on the downside, or a lot more on the downside, or a bit of a bounce up but not a full-on rally. Now, honestly, aren’t you glad you didn’t have to pay for the aforementioned technical analysis?

FLOODS, TORNADOES, VOLCANOES: “Say hello to my little friend…." Hurricane Season. Coming soon to a southern U.S. state near you!

OIL PRICES: Frack This! Frack That! Frack Me! Frack You! Pardon my language but I’ll say anything to get the fracking price of oil down.

ARAB SPRING: Syria and Yemen feeling more like late fall with a long, cold winter ahead.

LIBYA: Congressional patience running short, our involvement running long. Bad combo.

JAPAN: It may be an island physically but with the third largest economy in the world, it isn’t an island economically.

CHINA: Four interest rate hikes plus eight reserve increases equals twelve taps on the economic brakes. Let’s hope lucky No. 13 doesn’t slip into a stomp that gives all of us whiplash.

ASIAN ECONOMIES: Channeling the voice of the legendary sportscaster Howard Cosell, “Down goes Asia! Down goes Asia! Down goes Asia!”

MARGIN DEBT: It’s high, too high. And it’s in weak hands, too weak.

SOVEREIGN DEBT: Playing out like a Greek tragedy, with real Greeks, real tragedy and every economic player in the world as the chorus. I hereby dub thee, “The Defaultedes!”

COMMODITIES: You know the market is rough when even the most manipulated financial assets in the world can’t be artificially spiked skywards.

POLICY MISTAKE: Like walking a tight rope carrying a tray of pyramid-stacked champagne glasses during hurricane season without a net. The world’s major economic powers cannot afford even a slight slip-up. I can’t watch.

MINI-FLASH CRASHES: Last week’s one-day wonder winner: natural gas! Do I hear any nominations for this week’s systemic blunder?

REVERSE MERGER COMPANIES: These Chinese imports may be more toxic than that 2004 vintage drywall they cranked out, and certainly a heckuva lot more expensive.

EUROPEAN CENTRAL BANK: Promises of more rate hikes to come. Some promises are made to be broken -- fingers crossed on this one.’

Top 3 Reasons Markets Were Up Big Despite Gloomy Headlines [Oh come on! ‘Better than expected data from the … commerce department? China’s still growing, duh; which is just dandy for defacto bankrupt america ? Solar? This is an especially great time to sell / take profits since beyond the puff / sluff there’s much worse to come! ] ‘Wall St Cheat SheetOn Tuesday June 14, 2011, Markets closed up on Wall Street: Dow +1.03% , S&P +1.26% ,  Nasdaq +1.48% , Crude +2.12% , Gold +0.68% .

On the commodities front,  Oil (NYSE:USO) added $2 to close just below $100 a barrel, while precious metals were had a nice day with  Gold (NYSE:GLD) and  Silver (NYSE:SLV) both in the green.

Today’s markets were up because:

1) Retail sales shocked the doom-and-gloomers. Funny thing about the uber-bears is they are spot about consumers when Oil (NYSE:USO) spikes, but they always forget to adjust expectations when the facts change. Today retail shorts melted first when Best Buy (NYSE:BBY) announced strong earnings and then when the Commerce Department showed retail sales grew 0.3% (ex-food and gas).

2) Surprise! China is still growing. A ton of the recent selling has been on the playbook that slowing growth in China (NYSE:FXI) will drag down the world economy. Well, at least the Chinese government says China is growing just fine. That was the main catalyst for stocks to pop today as global shorts unwound enough shares to accommodate China’s data.

3) Solar stocks were on fire. Google (NASDAQ:GOOG) threw down some big support to SolarCity to help boost growth in residential solar power (NYSE:TAN). Check Out: Here’s Why Solar Stocks are On Fire Now .

Bonus: Will Internet Radio and the Cloud Squash Sirius XM Radio?.’

Bearish Signs Are Quickly Adding Up at Minyanville Gary Kaltbaum Jun 13, 2011 ‘When the markets are in a bear phase, as they are now, it becomes immensely important to keep our eye on certain things.

Over the past few weeks, I have been more cautious. During that time on the Buzz & Banter, I outlined why I thought the market was in trouble. The simple fact is that every characteristic that usually show up near tops in the market... showed up. When these characteristics show up, it is time to keep an eye out for trouble. All that has to happen is for negative price and volume to confirm. Subtle signs showed up weeks in advance. When listening to those who say this recent drop came out of nowhere, please take it with a grain of salt. Here are those bearish characteristics that I've said would eventually come back to haunt the market:

Financials
Big financials were acting like it was '07 all over again. They sit when the market goes up and they lead down when the market sinks. It's quite amazing that this is occurring while the Fed is just handing money over to them. This is important, as financials have always been a key to the market. 

Major New Highs Divergence
Every time the market went to new highs, there were fewer and fewer stocks hitting new highs... indicating strength was narrowing.

Defense Leads
Speaking of leadership narrowing, over the past several weeks, we saw drugs, food, beverages, tobacco, and utilities lead. It's a classic sign of trouble when the most defensive of issues are being bought. 

Low Levels of Cash
Mutual funds are only holding 4% in cash -- a very low level -- providing very little ammo for the market. 

Over the Top Bullish Sentiment
I noticed one pundit call for 2600 S&P by 2013 and another calling for 20,000 Dow within 18 months. These type of calls do not occur at the lows.

Many Stock Splits and Mergers
Stock splits and mergers do not occur at lows. In fact, they occur at highs.

Emerging Markets
Markets like China, Brazil, and others entered their own bear phases before US markets.

A Plethora of IPOs and Secondaries
This adds supply to the market, but more importantly it's another characteristic that shows up at highs, not at lows. To make matters worse, investment banks -- as usual -- learned no lessons from the late '90s about bringing companies public with $5-10 billion valuations that do not have even $100 million in sales and lose money. They get their fees and investors lose.

Semiconductors
Another important leading sector is the semis. They have led the market for many years, both up and down. When they topped in March, I became worried. When they rolled over in mid-May, I became double worried.

Finally and Most Importantly
Nothing bad happens when major indices are above the 50 day moving averages, and only bad happens when below. The final dagger occurred last Wednesday when markets dived below on volume. Since then, there's nothing but distribution. On a daily basis we are seeing weak closes, another important sign of a bear phase. 

Try to resist the urge to listen to permabull Wall Streeters during bear phases, as it could cost you a bundle. You will be hearing the terms overdone, overreaction, undervalued, cheap, and so on. Be careful!

I am amazed at the complacency I have seen so far. After stating my bearish stance on Fox News a few weeks ago, I received a bunch of disagreeing emails, and even hate mail. Some people just never want to believe the market can go down. There is no way of knowing when a bear phase will end, but just like we know the characteristics that show up during a market top, we know the characteristics that show up during a market bottom. I do believe this market has a date with the 200-day moving average which is only a couple percent lower. At this juncture, I am inclined to believe it will occur.

To answer the question on whether the market could have another flash crash, I wouldn't bet against anything as I do not believe the masses are prepared, and I do believe the masses still have the buy the dip mentality.

On a short-term basis, major indices remain very stretched, expended, and oversold to the downside. But again, oversold could stay oversold for a while. I suspect the 200-day average could first provide the market with some sort of relief rally. Any rally should be sold as I believe there is going to be more time and price in this bear phase.

My last point is on the economy because many weeks ago I thought the economy had topped. Since then and unfortunately, this has been the case. What did I see? Every quarter I visit numerous retail outlets and I speak to select people in differing industries. These are ordinary people either running or working at businesses and they all said that things had stalled, that there was no upward trajectory. I then heard the heads of Walmart (WMT) and Target (TGT) say that the consumer hit a wall. (Here's a hint, never argue with what Walmart says. Don't listen when a pundit says the news is just limited to Walmart. The company only does $400 billion in sales.) The last and most important clue... commodities topped, indicating demand was indeed softening. Weeks later, all the worsening news has started to come out.

My biggest worries are simple:

The Fed is out of ammo. Interest rates are already at zero percent. Yes, they can print more money but that only crushes the dollar and lifts commodities, which in turn hurts the consumer. Crushing your own currency has never worked.

This administration is in dire need of watching the Seinfeld episode where Jerry told George that if every decision he has ever made was wrong, then doing the opposite must be right. We've seen massive deficits, massive amounts of new regulations, threats of tax increases, demonization of almost every industry, and a health care bill that does nothing more than add more costs to hiring even though they say it will lower costs and lower the deficits. There is only one outcome from this questionable policy... and we are seeing it. The Obama administration is not dealing with a sluggish economy, it is causing it.

So I worry. It is only bad when markets go down, and right now, it is bad. Markets are going down and we may have only seen the beginning as the trust factor remains very low. Markets are quite smart in the long run.

Editor's Note: Gary Kaltbaum is the author of The Investors Edge and long-time contributor to TradingMarkets.com.’

S&P slashes Greece to lowest, says default likely (Reuters)

THE SPECTER OF DECLINE HANGING OVER THE MARKET http://www.minyanville.com/businessmarkets/articles/market-market-news-double-dip-recession/6/6/2011/id/34961 Jeffrey Cooper Jun 06, 2011
This level was the initial low following the February peak as well as the low in April prior to the advance to the May 2 1371, high for the move to date.

http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/INDEX_$SPX_D%20--%20S&P%20500%20INDEX%20%7BDelay20%7D.gif

… The other specter that overhangs the market is as to whether, cyclically, this is 1937 or 1911 or 1940. June 1 was a Solar Eclipse which tied to the Hook, Line & Sinker Sell pattern in the market. The eclipse cycle or Saros cycle is approximately 19 years. Two cycles back is roughly 40 years. In 1971, the cost of the Vietnam War when Nixon was facing reelection forced him to abandon the gold standard. Now we also have a president facing a reelection with and involvement in wars which continue to drain our resources, and fears about the rise of inflation. It’s been 40 years (40 days and 40 nights) with the world reserve currency wandering in the desert.

In 1970 (2010), there was a big April top followed by a summer low. In 1971 (2011), there was a big top at the end of April/beginning of May that led to an initial decline into August. In tomorrow’s report, we will take a look at how that decline in 1971 played out.

The 100-year cycle is interesting as the Financial Panic of 1907 is a good fit with the 2007/2008 Panic. Note the big low in late February 1909 which is a good fit with the March 2009 low. In 1911 there was a peak in February and a pivot on May 1 with a high and waterfall decline starting from June.

http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/DJ%201909%20final%206-5-11.gif

http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/DJ%201910%20final%206-5-11.gif

http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/DJIA%201911%20final%206-5-11.gif

Is this more like where the market was in 1937 following the “recover” after the 1932 low? Or, was 1937 a fractal of 2007/2008? After the big low in 1932, the market rallied up for 5 years which mirrors the crash into 2002 followed by a 5 year run into the 2007 top.

http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/DJ-1937-1942%20final%206-5-11.gif

From the October 11, 2007 S&P top to June 1/2, 2011 pivot high gives 1330 days (basically the 100% advance level off the low), the price level where the recent failure occurred. In comparison, 1330 calendar days from the March 1937 highs gives November 1940 (point A on the chart) which was prior to a new leg down. Note the pattern of the low in late 1937/early 1938 closely resembles the pattern of the low from November 2008/March 2009.

Finally, checking the 30-year cycle from 1891 we see that there was a final top in late April 1981 after a wide and loose topping process. This fits in with the closely weekly high this April following wide swings up down.

http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/INDEX_$INDU_D%20--%20DOW%20JONES%20INDUSTRIAL%20AVERAGE.gif

Importantly, there was a false breakout in 1980 followed by a false breakdown --all part of a broadening or Megaphone Top. What’s interesting is that there was a Megaphone Top within a Megaphone top which made it difficult for traders at the time. And still, after the second Megaphone Top played out there was yet one more false new high (point C) for good measure. Is it possible that after a stunning 100% persistent advance on the heels of a crisis that the market will thwart bulls and bears alike and mirror the 10% juggernaut trading range traced out in 1980/1981.

What is interesting is that the price low on the Dow Jones Industrial Average occurred in 1981 followed by a somewhat higher low 2 years later in the summer of 1982. Will the 2009 lows or the 2010 lows be tested in late 2011 to 2012?

Conclusion: The payroll figures were dismal on Friday giving rise to fears of a double dip recession with no money left to fight it off and little political or popular appetite to do so. The market is no longer shrugging off bad news. This is a conspicuous change in character which means defense should be on the field. The specter of a decline hangs over the market and no one knows which cycle will dominate or whether we are in a bullish correction or on the way down to test the 2011 lows, the 2010 lows or even the 2009 lows, but I don’t think the next recession (when it comes) will be a recession [ meaning depression … and, since we’re already there, the depression continues here, here ].’

Exclusive: The Fed’s $600 Billion Stealth Bailout Of Foreign Banks Continues At The Expense Of The Domestic Economy, Or Explaining Where All The QE2 Money Went Courtesy of the recently declassified Fed discount window documents, we now know that the biggest beneficiaries of the Fed’s generosity during the peak of the credit crisis were foreign banks, among which Belgium’s Dexia was the most troubled, and thus most lent to, bank.

More Temporary Solutions To Long Term Economic Problems The lifeblood is being sucked out of America by free trade, globalization, offshoring and outsourcing. Over the past 11 years manufacturing jobs have fallen by 11.7 million and 440,000 businesses have been lost.

Paul tells Manchester crowd inflation will hit 50 percent Texas congressman Ron Paul on Friday predicted that inflation will hit 50 percent in the next couple of years, thanks to the massive debt the country has accumulated.

Silvio Berlusconi's Record: The Man Who Screwed An Entire Country economist.com

Worst Market In Nine Years Spells Worsening Woes at Forbes Robert Lenzner StreetTalk ‘We broke through 12,000 on the Dow today  in the climax to the worst week in 9 years.  It was also the 6th straight week of stock declines– widely understood to be a  sign of what’s to come in the economy. Even Apple, the darling of the tech world, sold off every day this week– even in the face of Steve Jobs introduction of the “cloud” storage of all our social media and entertainment software.

All this hasn’t punctured the wishful thinking at the Fed and on  Wall Street, where  corporate profits are expected to prove stock prices are too cheap. Here’s the list of  the wishful thinking items  I heard or read  today;

*There won’t be a default on US debt– or even a reduced credit rating. I have to admit a  gnawing anxiety about resolving budget cuts sufficient to raise the debt limit by  trillions. Yes, trillions. Could there really be a political stalemate and flirtation with a crisis over our finances? I’m beginning to think the worst of all possible worlds. China and Germany are looking to reduce our credit rating. Comes the revolution, an overthrow of American financial superiority.

*Oil prices will  decline and that  development will allow consumers to spend money and stimulate the economy. Maybe they will– and maybe they won’t. Rules should installed to limit speculation in energy futures by institutional investors.

*We are close to a bottom in housing. My answer; we’ve been told   we were close to a bottom for many months now– and it’s an absurd notion. Yale’s Schiller is suggesting the loss in housing values could be another 10-20%. Goldman Sachs called this horror story over a year ago.

* If the economy doesn’t pick up, Fed Chief Bernanke will declare QE3. Except that QE2 failed to create jobs or economic activity. It only served to help speculators in gold, silver and oil. There will be an outcry if QE3 is declared as it only helps the gold lovers– and they are already filthy rich.

* The bank stocks are selling below book value; their balance sheets are clean. It’s an enormous buying opportunity. Then, why was there talk about busting up Morgan Stanley today. Liquidating a major investment bank?  Now, that’s a devilish sign of serious trouble on the horizon.

*Here’s the most unhealthy element that’s operative; corporate profits and executive compensation have been strong– while wages for ordinary Americans are lower. “What is  to be done?” asked Lenin in 1917. Neither the White House nor Wall Street know what to do to turn this decline around.

We are all being challenged by a deterioration that seems to have no obvious public policy solution. Pain is coming.’

States Use Sweepstakes to Boost 529 Plans Recession-battered 529 college-savings plans are trying to lure investors with the chance to win thousands. [ This is more preposterous than it seems at first blush. ]

The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed… an especially great opportunity to sell / take profits while you still can since there's much worse to come! Selling In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock Market: 4 Current Warning Signs Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money--America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart.

Forecast predicts biggest Gulf dead zone ever (AP)

Gold May Advance on Inflation Concern, Sovereign-Debt Crisis in Europe Bloomberg | Gold may gain for the first time in three days.

‘Bumbling’ Economy Result of ‘Meddling’ From Leaders: Ross CNBC | The US economy is just “bumbling along” and creating an uncertainty.

Where Is The Recovery? I Cannot Seem To Find It Tony Pallotta | If the US government reduced spending by 40% today, right this second we still could not put a dent in a $12 trillion national debt.

Is Gold in Fort Knox Real? Ron Paul Wants to Know Are the gold bars in Fort Knox really made of the precious metal? Or has the U.S. government secretly sold off the nation’s stockpile and replaced it with metal bars that are only painted gold?

Greek Parliament Preparing Evacuation Tunnel Ahead Of Wednesday Vote On IMF Bailout, General Strike And Parliamentary Blockade June 15, the day of a general strike in Greece, is also the day when the critical “mid-term agreement” between the insolvent country and the Troica will be voted on by the general assembly.

Euro Finance Chiefs Race to Avert Greek Default European finance chiefs begin the final stage of hammering out a Greek rescue to prevent the euro area’s first sovereign default after the country was slapped with the world’s lowest credit rating by Standard & Poor’s.

As Greece Prepares To Auction Off The Acropolis, Austria Is Selling Its Mountains Have €121,000 lying around? Enjoy hiking in smallish central European countries with picturesque villages? Then this deal is for you.

Good for the jobs council, good for America? Five of the biggest companies on Obama’s jobs council, General Electric, Citigroup, Intel, Procter & Gamble and DuPont, rely on foreign revenues for a majority of their sales — a shift that’s occurred just in the past several years for most of these firms. (Washington Post) [ They’re all full of s***! You might recall then att’s chairman armstrong’s praise for his company’s clinton / china waiver. Yet, we all know how they mocked Ross Perot whose warnings went unheeded. In pervasively corrupt, defacto bankrupt, war criminal nation america, inherent criminality means blatant, over-the-top greed / self-interest invariably prevails. And, as we saw and continue to see on fraudulent wall street, crime in america does pay, and pays well. ’ Report: SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings, Volkman Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target financial fraud Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality

CRIME STATISTICS >(america is No.1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

S&P downgrades GreeceIt now has the world’s lowest debt grade, and S&P said a restructuring looks “increasingly likely.” (Washington Post) [ As dire as the Greek predicament is, some very distinguished experts say: Drudgereport: USA in Even 'Worse Shape Financially Than Greece'... CHINA: USA 'ALREADY DEFAULTING'...
TEMPLETON chairman: Financial Crisis 'Around Corner'...
'WE ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...'
Greek rating now worst in the world...
CCC...
Likely Default...
Ill. so broke considers ads on license plates...

Eurozone 'heads for break up'...

The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed… an especially great opportunity to sell / take profits while you still can since there's much worse to come! Selling In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock Market: 4 Current Warning Signs Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart.

National / World

Hunt for Man Who Violated Parole, Fired at Police Turns into Domestic Terror Propaganda Kurt Nimmo | Government says former militia leader is a domestic terrorist on the loose.

Forget China, Americans Have Had All Their Communications Bugged For 20 Years Paul Joseph Watson | Echelon program has tracked “every international telephone call, fax, e-mail, or radio transmission” since early 90′s.

New 9/11 Poll: Half Of New Yorkers Support New Investigation Into WTC7 Collapse Steve Watson | More than one in four believe Twin Towers were brought down with explosives.

Ron Paul at GOP Debate: Defender of the Constitution Kurt Nimmo | Corporate media glosses over Paul’s performance, gushes over Michelle Bachmann.

CIA Expands Drone Strikes to Yemen Kurt Nimmo | Obama signs off on another illegal and unconstitutional intervention without consulting Congress.

Bilderberg Plan to Save EU Falling Apart Paul Joseph Watson | Activist spotlight on globalist agenda has elite running scared.

Deadly Fluoride: Hoax on the Run Infowars.com | Alex Jones interviews Dr. Connett of the Executive Director of the Fluoride Action Network.

Auditors Says $6.6 Billion Missing from Pentagon Probably Stolen LA Times | Pentagon officials determined that one giant C-130 Hercules cargo plane could carry $2.4 billion in shrink-wrapped bricks of $100 bills.

No to nuclear and no to Berlusconi BBC | In the past two days the people of Italy have been given their say.

Hezbollah Rise In Lebanon Gives Syria, Iran Sway NPR | Hezbollah and its allies rose to a position of unprecedented dominance in Lebanon’s government on Monday.

Obama: My family is ‘fine’ with one term Politico | President Barack Obama says his family is “not invested” in a second term.

Weiner won’t go; new photos surface on Internet AP | The second-ranking House Democrat on Sunday joined the party leadership in urging Rep. Anthony Weiner to quit

Two U.S. soldiers killed in Iraq Washington Post | Two more U.S. soldiers have been killed in Iraq.

90% of Petraeus’ Captured ‘Taliban’ Were Civilians Gareth Porter | More than 80 percent of those called captured Taliban fighters were released within days of having been picked up, because they were found to have been innocent civilians.

‘NATO bombs civilians!’ – Cynthia McKinney from Tripoli with truth Former US congresswoman and presidential candidate Cynthia McKinney told RT she went to Libya because she wanted to know the truth.

Boehner warns Obama that Libya will violate war powers House Speaker John Boehner, R-Ohio, sent President Obama a letter Tuesday afternoon warning him that the operation in Libya will be violating the War Powers Resolution by this Sunday, which marks the 90th day of U.S. military involvement in the country.

Stephen Baldwin May Run Against Alec Baldwin for NYC Mayor Alex Jones was the keynote speaker at this year’s Talkers New Media Conference held in New York City. Alex gave an inspiring speech to a packed house. After his speech, he ran into Stephen Baldwin a radio talk-show host and the youngest of the four acting Baldwins.

Forget China, Americans Have Had All Their Communications Bugged For 20 Years Outrage over the revelation that Chinese authorities have been installing spying devices on all dual-plate Chinese-Hong Kong vehicles is nothing compared to the fact that Americans and European have had all their communications tracked for at least two decades.

New 9/11 Poll: Half Of New Yorkers Support New Investigation Into WTC7 Collapse A new scientific poll reveals that almost half of all New Yorkers would support a new investigation into the collapse of World Trade Center building 7, which fell at free fall speed into its own footprint on the afternoon of September 11, 2001, after suffering only relatively minor fire damage.

CIA Expands Drone Strikes to Yemen The CIA is expected to begin operating armed drone aircraft over Yemen, expanding the hunt for al-Qaeda operatives in a country where counter-terrorism efforts have been disrupted by political chaos, U.S. officials said.

Missing Iraq money may have been stolen, auditors say U.S. Defense officials still cannot say what happened to $6.6 billion, sent by the planeload in cash and intended for Iraq’s reconstruction after the start of the war.

Paul: GOP rivals bigger challenge than Obama It might be harder for Ron Paul to beat his fellow Republicans for the opportunity to face Barack Obama than to defeat the president himself, the Texas Republican said Monday.

Bilderberg Plan to Save Eurozone in Tatters The Bilderberg Group’s plan to rescue the eurozone and preserve future plans for a global currency is in tatters, as the Greek debt crisis spirals out of control and the return of national currencies to replace the euro becomes a real possibility.

Obama Thinks it’s Hilarious That His Trillion Dollar Stimulus Did Nothing to Fix Unemployment Watch President Obama enjoy a laugh over the failure of his “shovel-ready” jobs program.

NBA Finals 2011: Dallas Mavericks defeat Miami Heat; Dirk Nowitzki gets Finals MVP (Washington Post) [ Who woulda’ thunk it? I ordinarily don’t comment on sports; and, truth be told, I really don’t follow basketball except for the championships (this was a great one) and news highlights (though I like the game and played often prior to high school / college wrestling http://albertpeia.com/alresume.htm#ATHLETICS ). Yet, one can hardly not give it up for the spirited Dallas Mavericks. On paper, they were given no chance; but, the only ones who hadn’t heard those negative prognostications were the plucky Dallas team across the board. Even the ‘little’ guys ( Barrea, Kidd ) came up very big when it counted and when it could have gone the other way. All heart, they deserved the great victory. We all should have known when they blew out the lakers that they were no fluke and of their triumph to come. Congratulations to the NBA Champion Dallas Mavericks!

Obama says if he were Weiner, he’d resign President Obama on Monday waded into the debate over whether embattled Rep. Anthony Weiner should step down, saying, “If it was me, I would resign..Barack Obama: The Naked Emperor Shocking but true revelations from David Icke| ..Obama is just more of the same, a big smile with strings attached, and controlled completely by those that chose him, trained him, sold him and provided his record funding, kept his many skeletons under wraps, like the gay sex and crack cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to be with your Presidential camp, who is alleged to claim that someone claiming to represent me called asking for $100,000, to keep me from coming forward about our (Obama and I) November 1999 encounter of sex and cocaine use?), ... Obama is just another Banksters' moll prostituting himself .., and that's why he supported the grotesque bail-out of the banking system and why he will always put their interests before the people. http://albertpeia.com/obamadeceptionhighqualityversion.flv .(Washington Post) [ Drudgereport: SEXTING WEINER OFF TO REHAB

NEW PHOTOS: Weiner Used Congressional Gym As 'Sexy' Backdrop...
Entering 'psychological treatment center'...
PELOSI: OUT... DNC BOSS: RESIGN...
Boehner gets laughs with quip...
PELOSI: You gotta' go...
DNC BOSS: RESIGN...
Chorus to quit grows...
WEINER WON'T GO
Weiner admits, says they were harmless...
THE NEW TACK: Dem rep sick, needs treatment to 'make himself well'...
New X-rated Weiner photo hits web...
Weiner: That's my weiner, too...
Another Weiner Sexter Emerges...
POLITICO on Weiner: 'Dam is breaking'...
DEMS BAILING...
Old Flame Calls on Him to Quit... ‘…he transcript of a nine-month "sexting" relationship Weiner had with a Las Vegas blackjack dealer. Radar Online posted the transcript, and it is rife with misogyny and distorted views about women. In referring to oral sex, Wiener tells her, “You will gag on me before you c** with me in you” and “[I’m] thinking about gagging your hot mouth with my c***.” This is not about sex. It’s about dominating and inflicting physical pain on a woman, a fantasy the hard-core porn industry makes billions of dollars on selling to men. You don’t want to gag a woman with your penis unless you have some serious issues with the way you see women. As for his other views of women, he tells her, “I hear liberal girls are very, uh, accommodating of other[s],” playing on a bogus stereotype that politically liberal women are promiscuous. When he asks the woman, who is Jewish, “You give good h**d?” and she says yes, he exclaims: “Wow a Jewish girl who sucks c***! this thing is ready to do damage.” ‘[ What a total mental case! ]
REPORT: Weiner coached woman to lie...
'Used govt. resources'...
TWITTER TEARS: WEINER ADMITS
REPORT: Woman claims to have 200 explicit messages from NY Dem...
IT MIGHT BE MY WEINER!

Cohen: Fed up with favoritism toward israel (Washington Post) [ As indeed all people worldwide should be. After all, such costly (direct and indirect) favoritism is contraindicated in every way, particularly for defacto bankrupt america. This fact certainly wasn’t lost on James Forrestal whose prognostication / admonition has proven all too true. Krauthammer: What Obama did to Israel (WP) [ The fundamental problem with Mr. Krauthammer’s non-sequitor illogic is the manner in which war crimes nation israel came by those land (war) and the numerous violations of u.n. resolutions (ie., 242, 338, etc., and oslo accords, etc.), international, war crimes (flotilla raid, etc.) since then. He thus becomes the journalistic equivalent of what Pat Buchanan refers to as the ‘israeli amen corner’ in congress. If only one could realistically ignore the detriment the world and america have suffered as a direct consequence of this foreign policy bent … Top Democrats criticize Obama’s Israel policy (WP) [ What policy … to him, just words … more b***s*** . I’ve thus far refrained from commenting on what I’ve anticipated to be ‘just more of the same’; empty rhetoric. Pervasively corrupt, defacto bankrupt america makes the wrong choice at every turn, ensuring in every way, decline and fall; self-destructive, self-defeating. Make no mistake, and let me reiterate, that substantially underrated President General Eisenhower would have put American interests first and the current debacle would never have occurred in the first instance … see, ie., http://albertpeia.com , historical documentation, from website: http://www.ameu.org ‘Lest We Forget The Israeli lobby in Washington has successfully influenced the U.S. Congress to give billions of non-repayable dollars each year to Israel on the premise that Israel's loyalty and strategic importance to the United States make it an ally worthy of such unprecedented consideration. Is it ? In his Farewell Address, George Washington warned Americans to avoid a passionate attachment to any one nation because it promotes "the illusion of an imaginary common interest in cases where no real common interest exists." In 1948, U.S. Secretary of Defense James Forrestal, an opponent of the creation of a Jewish state in Palestine, warned that, even though failure to go along with the Zionists might cost President Truman the states of New York, Pennsylvania, and California, it was about time that somebody should pay some consideration to whether we might not lose the United States. Israeli actions over the past 53 years involving U.S. interests in the Middle East seriously challenge the "strategic asset" premise of the Israeli lobby. Some of these actions are compiled in the list that follows: ’ ] Netanyahu lays out vision for Mideast peace (WP) [ Vision? Don’t make me laugh! The guy’s blind; and a ward and provocateur at america’s substantial cost and detriment. ]

THE SPECTER OF DECLINE HANGING OVER THE MARKET http://www.minyanville.com/businessmarkets/articles/market-market-news-double-dip-recession/6/6/2011/id/34961 Jeffrey Cooper Jun 06, 2011 ‘The specter of a decline hangs over the market; no one knows which cycle will dominate or whether we are in a bullish correction or on the way down to test lows.

These are the days it never rains but it pours...
--"Under Pressure" (Queen, David Bowie)

With last week's close below the mid-point of the year’s range (1310), the specter of decline hangs over the market.

Markets seek equilibrium. Yet, despite the close below the 1310 "fulcrum," the Maginot line looks to be 1290/1294.

This level was the initial low following the February peak as well as the low in April prior to the advance to the May 2 1371, high for the move to date.

http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/INDEX_$SPX_D%20--%20S&P%20500%20INDEX%20%7BDelay20%7D.gif

The S&P peeked under 1300 to 1297 on Friday twice but scratched and clawed to hold it, barely, by the bell. It looks like the powers that be were waiting to support the market just under 1300 in order to prevent a panic around the world this morning.

It may prove to be relevant, at least in the short term, that 1297 is a corner number on the Square of 9 Chart that ties to the first week of May.

Click here for Square of 9. http://image.minyanville.com/assets/FCK_Jan2011/File/wheel662b.JPG

In other words, if there is no bad news out of Europe, the market may open up and squeeze higher. While the pattern is bearish, in a short-term downtrend they are oversold enough to elicit a rally. That being said, I would wait for an edge such as an ORB (Opening Range Breakout) as a sign that they can rally as it is dangerous here. No change in the downtrend would be in place unless the S&P recaptured a Bowtie of its 20/50 day moving averages.

While any further downside follow through below 1290 could cause hedge funds to panic prior to quarter end and send the S&P into a tailspin to a test of the March lows near 1250 which coincides with the 200 dma, I can’t help but remember that after the plug was pulled in March there was a 4- to 5-day spike to 1250 which carved out a bottom that saved the quarter. I can’t help but remember just recently, the big month-end window dressing on the last few trading days of May that drove the indices back toward the highs.

Interestingly, the stab down on March 10 followed what looked like a reversal of sorts on March 11 (which proved to be a false bottoming tail) which led to a flush out on March 15 and March 16 which mirrors the pattern of the last three trading days. So the next two sessions should be interesting indeed. With the S&P perched on the 1300 fence, will it claw through support driving the S&P to a test of 1250?

On the Square of 9 Chart, 1253 is opposite the date of February 18. The big-picture question is, if the market declines to a test of the March 2011 low, whether this is a fractal of the double bottoms from March and August double bottoms which elicited the last ditch rally an October high that year. The question is if the 4-year cycle is playing out for a top, have we already seen the July/October pattern in February/May? These were Initial Tops followed by another final top another 90 degrees in time later marked by deep interceding declines. Alternatively, is it possible that the correction we are in now is the deep decline with yet another high on following quarter-end near the 4-year anniversary of the July ’07 peak?

See Square of 9 here. http://image.minyanville.com/assets/FCK_Jan2011/File/wheel661.JPG

The other specter that overhangs the market is as to whether, cyclically, this is 1937 or 1911 or 1940. June 1 was a Solar Eclipse which tied to the Hook, Line & Sinker Sell pattern in the market. The eclipse cycle or Saros cycle is approximately 19 years. Two cycles back is roughly 40 years. In 1971, the cost of the Vietnam War when Nixon was facing reelection forced him to abandon the gold standard. Now we also have a president facing a reelection with and involvement in wars which continue to drain our resources, and fears about the rise of inflation. It’s been 40 years (40 days and 40 nights) with the world reserve currency wandering in the desert.

In 1970 (2010), there was a big April top followed by a summer low. In 1971 (2011), there was a big top at the end of April/beginning of May that led to an initial decline into August. In tomorrow’s report, we will take a look at how that decline in 1971 played out.

The 100-year cycle is interesting as the Financial Panic of 1907 is a good fit with the 2007/2008 Panic. Note the big low in late February 1909 which is a good fit with the March 2009 low. In 1911 there was a peak in February and a pivot on May 1 with a high and waterfall decline starting from June.

http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/DJ%201909%20final%206-5-11.gif

http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/DJ%201910%20final%206-5-11.gif

http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/DJIA%201911%20final%206-5-11.gif

Is this more like where the market was in 1937 following the “recover” after the 1932 low? Or, was 1937 a fractal of 2007/2008? After the big low in 1932, the market rallied up for 5 years which mirrors the crash into 2002 followed by a 5 year run into the 2007 top.

http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/DJ-1937-1942%20final%206-5-11.gif

From the October 11, 2007 S&P top to June 1/2, 2011 pivot high gives 1330 days (basically the 100% advance level off the low), the price level where the recent failure occurred. In comparison, 1330 calendar days from the March 1937 highs gives November 1940 (point A on the chart) which was prior to a new leg down. Note the pattern of the low in late 1937/early 1938 closely resembles the pattern of the low from November 2008/March 2009.

Finally, checking the 30-year cycle from 1891 we see that there was a final top in late April 1981 after a wide and loose topping process. This fits in with the closely weekly high this April following wide swings up down.

http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/INDEX_$INDU_D%20--%20DOW%20JONES%20INDUSTRIAL%20AVERAGE.gif

Importantly, there was a false breakout in 1980 followed by a false breakdown --all part of a broadening or Megaphone Top. What’s interesting is that there was a Megaphone Top within a Megaphone top which made it difficult for traders at the time. And still, after the second Megaphone Top played out there was yet one more false new high (point C) for good measure. Is it possible that after a stunning 100% persistent advance on the heels of a crisis that the market will thwart bulls and bears alike and mirror the 10% juggernaut trading range traced out in 1980/1981.

What is interesting is that the price low on the Dow Jones Industrial Average occurred in 1981 followed by a somewhat higher low 2 years later in the summer of 1982. Will the 2009 lows or the 2010 lows be tested in late 2011 to 2012?

Conclusion: The payroll figures were dismal on Friday giving rise to fears of a double dip recession with no money left to fight it off and little political or popular appetite to do so. The market is no longer shrugging off bad news. This is a conspicuous change in character which means defense should be on the field. The specter of a decline hangs over the market and no one knows which cycle will dominate or whether we are in a bullish correction or on the way down to test the 2011 lows, the 2010 lows or even the 2009 lows, but I don’t think the next recession (when it comes) will be a recession [ meaning depression … and, since we’re already there, the depression continues here, here ].’

Exclusive: The Fed’s $600 Billion Stealth Bailout Of Foreign Banks Continues At The Expense Of The Domestic Economy, Or Explaining Where All The QE2 Money Went Courtesy of the recently declassified Fed discount window documents, we now know that the biggest beneficiaries of the Fed’s generosity during the peak of the credit crisis were foreign banks, among which Belgium’s Dexia was the most troubled, and thus most lent to, bank.

More Temporary Solutions To Long Term Economic Problems The lifeblood is being sucked out of America by free trade, globalization, offshoring and outsourcing. Over the past 11 years manufacturing jobs have fallen by 11.7 million and 440,000 businesses have been lost.

Paul tells Manchester crowd inflation will hit 50 percent Texas congressman Ron Paul on Friday predicted that inflation will hit 50 percent in the next couple of years, thanks to the massive debt the country has accumulated.

Roubini Says a ‘Perfect Storm’ May Converge on the Global Economy in 2013 A “perfect storm” of fiscal woe in the U.S., a slowdown in China, European debt restructuring and stagnation in Japan may converge on the global economy, New York University professor Nouriel Roubini said.

Stocks’ plunge hits six weeks The Wall Street slump reflects a sentiment among investors that the economic recovery is going awry. (Washington Post) [ There never was a real recovery in economic terms, particularly relative to costs; except, for the frauds on wall street for whom all taxpayer largesse, ie., QE1 & 2, etc., was engineered. You know … that wealth effect … for the frauds on wall street who did get wealthier at everyone else’s expense. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed… an especially great opportunity to sell / take profits while you still can since there's much worse to come! Selling In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart. Minyanville's T3 Daily Recap: Bearish Close Foreshadows Deeper Correction at Minyanville  U.S. trade deficit shrinks A weak dollar drove up exports of goods and services to record levels. Jobless claims rise Companies are cutting staff as demand slows because of tight credit and elevated energy prices. (Washington Post) [ Jobless claims worse than expected and the glaring absence of the ‘800 pound gorilla’; viz., the Japanese auto sector giving an artificial boost to the u.s. auto ‘balance’ is somewhat homologous, not analogous, to a footnote on an income statement for extraordinary (ie., one time, etc.) items and structurally, nothing has changed. Kill-Joy Alert: Economic Data Not as Good As It Seems, Say Analystsat Forbes 6-9-11 Heather Struck ‘If analysts these days are seeming like “the glass is half empty” kind of guys, it may be for days like today, when this morning’s seemingly upbeat economic data are already being met with unenthusiastic grumbling. A smaller trade gap may be indicative of deeper problems, analysts are saying, as global events have already seemed to tie into the U.S.’s tenuous economic recovery.

Osborne To Address Financial Elite Fresh From Bilderberg Weekend Chancellor George Osborne will use a major speech on Wednesday to announce plans to auction off state-owned bank Northern Rock, the Sunday Times newspaper reported.

US corporate model causing depression A recent poll revealed that almost half of the US thinks another great depression is on the horizon. Why are Americans expecting another economic disaster? Political columnist Harold Meyerson gives his take on how to keep America afloat.

The Giant Banks Are ALREADY State-Sponsored … So Why Not Create Public Banks to at Least Share the Gains, Help Out Main Street, and Grow Our Local Economies? Economist Steve Keen writes today: “Neoclassical economists do not understand how money is created by the private banking system—despite decades of empirical research to the contrary, they continue to cling to the textbook vision of banks as mere intermediaries between savers and borrowers.”

Where are the guillotines in Washington? The Obama administration is following the Bush and Clinton administrations by advancing the destruction of America’s legal and political system, spreading the criminal war on terror, and helping private banksters rob the American people.

Anonymous: Bernanke Is Next The most well-known hacker group, Anonymous, uploaded a video message to youtube yesterday calling for Fed Reserve Chairman Ben Bernanke to resign, among other things.

Steven Pearlstein Managing and even measuring a recession becomes tricky in new, global environment. (Washington Post) [ That depends on who’s doing the measuring. Certainly if it’s ‘no-recession-helicopter-ben b.s. bernanke’, we now all know the great recession that bernanke said would not occur, did; and, the QE bernanke said would work, didn’t. The bottom line is that ‘they’, individually and collectively haven’t the slightest idea what they’re doing, nor the slightest clue what to do. The coverup invariably militates against the measuring. Bernanke: Economy slowing but faster growth ahead- AP [ Well, there you go … the new maestro, ‘no-recession-helicopter-ben b.s. bernanke’, has covered all his bases; yes, the economy’s slowing but as well, faster growth ahead. Nothing to worry about now in this ‘non-zero sum game’; after all, either / or he’s gotta’ be right … wrong! The GOP’s deficit demands Sen. Jon Kyl offers the most specific outline yet of Republicans’ conditions in the debt-ceiling talks. (Washington Post) [Moody’s: U.S. credit rating at risk Agency warns of a possible credit rating downgrade if a debt-ceiling deal cannot be reached. (Washington Post) [ I’d say, as is true of their performance in the last phase of this ongoing crisis, they are so typically late to the party. After all, pervasively corrupt america is already defacto bankrupt. House rejects debt ceiling increase The 317-to-98 vote was a bipartisan rejection of extending the nation’s current debt limit of $14.3 trillion unless major spending reductions accompany the legislation. (Washington Post) [ Well, perish the thought that increases in liabilities should be commensurate with decreases in liabilities to maintain a … balance … sheet? At this point, who’s counting? After all, are there really degrees of defacto bankruptcy? Or, an either / or absolute state; viz., you are or you’re not defacto bankrupt. Pervasively corrupt, defacto bankrupt america is in fact defacto bankrupt!

National / World

90% of Petraeus’ Captured ‘Taliban’ Were Civilians Gareth Porter | More than 80 percent of those called captured Taliban fighters were released within days of having been picked up, because they were found to have been innocent civilians.

Globalist Org Reports 15,000 Dead in Libya Kurt Nimmo | The corporate media usually dismisses Libyan claims that the NATO terror campaign is killing innocent civilians.

Just 26% Favor Continued Military Action in Libya A plurality of voters now opposes further U.S. military action in Libya, and most say President Obama needs congressional approval to continue those operations.

Ordinance Would Force Property Owners to Surrender Keys to Government In Cedar Falls, Iowa, the government is attempting to nullify the Fourth Amendment. The City Council is scheduled to vote on the third and final reading of an ordinance adopting a 2009 International Fire Code that specifies the fire chief can require lock boxes for emergency access to keys to buildings.

Obama Seeks to Win Back Wall St. Cash A few weeks before announcing his re-election campaign, President Obama convened two dozen Wall Street executives, many of them longtime donors, in the White House’s Blue Room.

Weiner to seek help during leave Top Democratic leaders call on N.Y. congressman, who said he is taking a “leave of absence,” to step down. (Washington Post) [ Sounds like a plan! Drudgereport: SEXTING WEINER OFF TO REHAB
PELOSI: You gotta' go...
DNC BOSS: RESIGN...
Chorus to quit grows...
Cops probe texts to teen girl...
MSG: 'Large. Tights and cape'...
Weiner admits, says they were harmless...
THE NEW TACK: Dem rep sick, needs treatment to 'make himself well'...
Old Flame Calls on Him to Quit... ‘…he transcript of a nine-month "sexting" relationship Weiner had with a Las Vegas blackjack dealer. Radar Online posted the transcript, and it is rife with misogyny and distorted views about women. In referring to oral sex, Wiener tells her, “You will gag on me before you c** with me in you” and “[I’m] thinking about gagging your hot mouth with my c***.” This is not about sex. It’s about dominating and inflicting physical pain on a woman, a fantasy the hard-core porn industry makes billions of dollars on selling to men. You don’t want to gag a woman with your penis unless you have some serious issues with the way you see women. As for his other views of women, he tells her, “I hear liberal girls are very, uh, accommodating of other[s],” playing on a bogus stereotype that politically liberal women are promiscuous. When he asks the woman, who is Jewish, “You give good h**d?” and she says yes, he exclaims: “Wow a Jewish girl who sucks c***! this thing is ready to do damage.” ‘[ What a total mental case! ]
Even Mr. Milbank weighs in: ‘The Weiner roast Congressman finds himself in a fight he does not relish.’ Report: SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings, Volkman Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Syria on the Boil, US Warship in Black Sea Seldom it is that the Russian Foreign Ministry chooses a Sunday to issue a formal statement. Evidently, something of extreme gravity arose for Moscow to speak out urgently. The provocation was the appearance of a United States guided missile cruiser in the Black Sea for naval exercises with Ukraine.

Lawmakers push for a new Afghan strategy Congressional leaders are urging President Obama to take full advantage of progress achieved by narrowing the focus of the Afghan mission. (Washington Post) [ It seems they’ve taken Robert Browning to heart; viz., that ‘a man's reach should exceed his grasp’ (from a poem by Robert Browning). Indeed, they search for that ever elusive thing called ‘strategy’ vis-à-vis the so-called ‘Afghan mission’ for the umpteenth time. For them, this is but a ‘mission impossible’ as a strategy implies method to this reality of their madness. The heroin trade which they’ve ramped up (the Taliban had all but eradicated same) and commandeered as their own has been reason enough; yet, fog of war creates many opportunities for the american criminals despite the defacto bankruptcy of the nation. So, for the war criminal americans, reality certainly falls within the ambit of beyond their grasp. Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:

Focus Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs, extinction, at least in a manner of speaking. Global information exchange at lightning speed has made such throwbacks to a lost era, propaganda, and maladaptive traits foolish at best, deadly at worst. Intelligent people worldwide aren’t buying the obsolete, Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc..; more specifically, diversion of the masses from the glaring failures of leadership, economic and otherwise.

CRIME STATISTICS >(america is No.1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

Where are the guillotines in Washington? The Obama administration is following the Bush and Clinton administrations by advancing the destruction of America’s legal and political system, spreading the criminal war on terror, and helping private banksters rob the American people.

Anonymous: Bernanke Is Next The most well-known hacker group, Anonymous, uploaded a video message to youtube yesterday calling for Fed Reserve Chairman Ben Bernanke to resign, among other things.

‘Toxic water overflow looms at Fukushima, leaks threaten clean-up’ James Corbett, Osaka-based editor of the independent news website, says workers at the Fukushima nuclear plant are running out of the ability to store radioactive water – meaning any leak may slow the recovery effort, or even undermine it.

US Is in Even Worse Shape Financially Than Greece: Gross When adding in all of the money owed to cover future liabilities in entitlement programs the US is actually in worse financial shape than Greece and other debt-laden European countries, Pimco’s Bill Gross told CNBC Monday.

Student Loans and DOE S.W.A.T. Teams Wendy McElroy | None of us will know the true collective power of the federal government until it is breaking through our own doors.

Bilderberg Elite Just Want to Help Kurt Nimmo | Nothing to see here. Please move along.

Prominent Bilderberg Insider Injected Into IMF Race At Last Minute Steve Watson | Will kingmaker power group work its dark magic once more?

NATO Reportedly Bombs Libyan University Kurt Nimmo | Corporate media continues to insist NATO bombs only kill officially declared bad guys.

Defense innovation for a new era A new business model at DoD? The Defense Department needs to break its Cold War habits and start investing in the right innovations (Washington Post) [ First of all, defense is not business. Investing? Cold war habits? What’s Mr. Johnson been smokin’? It’s longing for their funding during the cold war and misguided, costly perma hot war habits that’ve been problematic. After all, the nation is defacto bankrupt (and what about those 360 tons of $100 bills flown into Iraq that disappeared, etc.). Debt-reduction talks gain speed VP (Lobotomy Joe) Biden and congressional negotiators agree to pick up the pace of debt-reduction talks in hopes of presenting the framework of an agreement to President Obama and congressional leaders by the end of the month (WP) [ Sounds like a plan! Poll: Americans torn over debt limit POST-ABC NEWS POLL | A large majority say the economy would probably suffer serious harm if Congress fails to raise the federal debt limit. But barely half support doing so, even if lawmakers also slash spending. (WP) [ I think we’re at that point alluded to by Davis; viz., Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money--America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away! ‘ Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart.]

High-Level American Officials Admit that the United States Uses False Flag Terror … And Warn of Future Attacks FBI agents and CIA intelligence officials, constitutional law expert professor Jonathan Turley, Time Magazine, Keith Olbermann and the Washington Post have all said that U.S. government officials “were trying to create an atmosphere of fear in which the American people would give them more power”.

Worst Market In Nine Years Spells Worsening Woes at Forbes Robert Lenzner StreetTalk ‘We broke through 12,000 on the Dow today  in the climax to the worst week in 9 years.  It was also the 6th straight week of stock declines– widely understood to be a  sign of what’s to come in the economy. Even Apple, the darling of the tech world, sold off every day this week– even in the face of Steve Jobs introduction of the “cloud” storage of all our social media and entertainment software.

All this hasn’t punctured the wishful thinking at the Fed and on  Wall Street, where  corporate profits are expected to prove stock prices are too cheap. Here’s the list of  the wishful thinking items  I heard or read  today;

*There won’t be a default on US debt– or even a reduced credit rating. I have to admit a  gnawing anxiety about resolving budget cuts sufficient to raise the debt limit by  trillions. Yes, trillions. Could there really be a political stalemate and flirtation with a crisis over our finances? I’m beginning to think the worst of all possible worlds. China and Germany are looking to reduce our credit rating. Comes the revolution, an overthrow of American financial superiority.

*Oil prices will  decline and that  development will allow consumers to spend money and stimulate the economy. Maybe they will– and maybe they won’t. Rules should installed to limit speculation in energy futures by institutional investors.

*We are close to a bottom in housing. My answer; we’ve been told   we were close to a bottom for many months now– and it’s an absurd notion. Yale’s Schiller is suggesting the loss in housing values could be another 10-20%. Goldman Sachs called this horror story over a year ago.

* If the economy doesn’t pick up, Fed Chief Bernanke will declare QE3. Except that QE2 failed to create jobs or economic activity. It only served to help speculators in gold, silver and oil. There will be an outcry if QE3 is declared as it only helps the gold lovers– and they are already filthy rich.

* The bank stocks are selling below book value; their balance sheets are clean. It’s an enormous buying opportunity. Then, why was there talk about busting up Morgan Stanley today. Liquidating a major investment bank?  Now, that’s a devilish sign of serious trouble on the horizon.

*Here’s the most unhealthy element that’s operative; corporate profits and executive compensation have been strong– while wages for ordinary Americans are lower. “What is  to be done?” asked Lenin in 1917. Neither the White House nor Wall Street know what to do to turn this decline around.

We are all being challenged by a deterioration that seems to have no obvious public policy solution. Pain is coming.’

15 Reasons Markets Cracked Below Critical Trading Levels Wall St Cheat Sheet June 11, 2011, Dow 11,951 S&P500 1,270 Nasdaq 2,643 Gold 1,532 Oil 99

‘Markets were range bound Monday through Thursday until taking a dive Friday.  Oil (NYSE:USO) couldn’t stay above $100 a barrel. Gold (NYSE:GLD) and Silver (NYSE:SLV) shed a few points as the US Dollar (NYSE:UDN) had a little rally.

Fresh Off the Press: Wall St. Cheat Sheet’s newest Feature Trades of the Month!

Now, for the 15 reasons markets moved this week:

Monday

1) Banks spooked a low volume market. Famed investors John Paulson and David Tepperare offloading their holdings in financial institutions. Bank of America (NYSE:BAC) and Citigroup (NYSE:C) are still under major scrutiny for their books. And, Goldman Sachs (NYSE:GS) can’t shake the threat of major lawsuits. All that was enough to put financials (NYSE:XLF) in a tailspin for the day.

2) Apple WWDC took center stage. Tech titan Apple (NASDAQ:AAPL) announced all their big new items for the acolytes. iCloud, iTunes Match, and the new iOS 5 were all stars of the show. We covered the event live in detail, then put together your Cheat Sheet to everything you need to know about WWDC.

3) Airlines and Autos were a major drag. The International Air Transportation Association offered up bad news as profit outlooks were slashed due to the disaster in Japan (NYSE:EWJ), the Grimsvotn volcano, and rising fuel costs (NYSE:USO). On the ground, General Motors (NYSE:GM) hit fresh 52-week lows, down 1.92% to $28.56.

Tuesday

1) Bernanke admitted the economy was slowing. Well, he admitted it then said he thinks growth will be back soon. Don’t worry, soon. Although lustful traders were hoping for some huge QE3 announcement, Bernanke still gave us more QE 2.5 where the Fed will continue buying securities and accommodating the financial markets as needed. Can someone say, ZIRP?

2) E3 took the baton from Apple. Yesterday Apple held the tech spotlight, but today the exciting video game sector was front and center. Microsoft (NASDAQ:MSFT), Sony (NYSE:SNE), Nintendo and all the big game makers started pulling back the curtain on what gamers will die for during the holiday season (Check Out: E3 Wrap Up. And the Winners are …). That’s 180 degrees away from former tech darling Research in Motion (NASDAQ:RIMM) which keeps crashing and burning.

3) Another Economic Advisor gone. Austan Goolsbee will be leaving his position as chairman of the White House’s Council of Economic Advisers. Wall St. Cheat Sheet Assistant Editor Emily Knapp explores the deeper question, “Why is Obama’s Economic Team Bailing Out?”

Wednesday

1) OPEC. Crude (NYSE:USO) had been down the last few days in anticipation of OPEC increasing the cap on production. But this morning when they decided to maintain production restrictions at current levels, it was the only big financial news release, so oil futures skyrocketed while everything else remained relatively still. See Why It’s All About That Texas Tea.

2) Tech has been unimpressive, at best. With no really big news or cool new gadgets coming out of Apple’s (NASDAQ:AAPL) Worldwide Developers Conference, Nokia (NYSE:NOK) continuing its downward spiral, the legality of the AT&T’s (NYSE:T) buyout of T-Mobile still being debated, and a host of unimpressive numbers from companies like Microsoft (NASDAQ:MSFT) and LinkedIn (NYSE:LNKD), the usually booming tech sector has been taking a bit of a vacation this week.

3) The Beige Book. The Federal Reserve released the Beige Book this afternoon, a snapshot of the country’s economic condition. Unsurprisingly, we’re not doing that great. Progress has slowed in just about every sector while many companies are facing higher input costs, passing them on to consumers in the form of higher prices. Nothing dampens the market like reminding people just how bad things are.

Thursday

1) Economic Indicators. This morning data from the Federal Reserve showed the trade deficit is narrowing. That got markets off to a good start. The positive news was followed up by better than expected wholesale inventory reports and significant decreases in consumer debt. Not all good news on the macro-economic front though as initial jobless claims were slightly worse than expected and the Fed reported a missing $6.6 trillion dollars in consumer wealth since 2007.

2) Mining and Agriculture led the way. In spite of reports that corn (NYSE:CORN) reserves are at the lowest levels since the 1970s, Mining and Agriculture (NYSE:RJA) stocks largely out-performed the market today. A report from PriceWaterHouseCoopers indicating revenues in mining companies are shooting “through the roof” sparked the bulls in the sector, and stocks such as Deere & Company (NYSE:DE) and Mosaic (NYSE:MOS) posted big daily returns.

3) The Financial Sector took a breather. Bruised and battered financials (NYSE:XLF) finally took a day off from losses, with the sector also out-performing the market on the day. Bank (NYSE:KBE) stocks were up across the board in spite of new pending lawsuits for Morgan Stanley (NYSE:MS) and Goldman-Sachs (NYSE:GS), and a hacker-assault on Citigroup (NYSE:C) that compromised information of over 200,000 customers. Income from banks’ debit card transaction fees is also set to take a big hit when the Dodd-Frank reforms go into effect next month, but analysts believe those estimates have already worked their way into pricing.

Friday

1) Oil Production is up. Saudi Arabia curbed oil supply fears later in the day by announcing they would step to the plate and up oil production significantly. The drop in oil prices was somewhat extreme given yesterday’s data that for the first time in history oil consumption outpaced production in 2010.

2) Dollar prices firm. The dollar (NYSE:UUP) finished the day up 1.23% versus the Euro, + .05% versus the Yen, and +.09% against the Pound. Currency values surged on news that QE3 probably isn’t coming anytime soon. The same news also sent investors into a panic and prompted stock sell-offs.

3) Bad news overseas. A number of reports of weak economic data came in today from across the pond in England (NYSE:EWU), where UK manufacturing output was significantly lower than expected. Worries continued to swirl amid default concerns related to Greek Debt and ECB offered little reassurance. News from Asia was crappy too as Chinese markets (NYSE:FXI) were growing slower than expected and a trade surplus was below-par level expectations, Korean bank (NYSE:EWY) raised its interest rates, and industrial production slowed in India (NYSE:IFN). The aggregate news combined to put a damper on the market…’

Minyanville's T3 Weekly Recap: Market Extends Weekly Losing Streak to 6 at Minyanville 

Top 3 Reasons Markets Faltered as Dow Dips Below This Psychological Level Wall St. Cheat Sheet 

Is the Stock Market Signaling a Double-Dip? ETFguide  Simon Maierhofer, June 10, 2011, Over the past few weeks various economic indicators have been building a coffin for the U.S. economy. Could Friday's unemployment figures be the last nail?

Before we entertain the much dreaded D-D word (Double Dip), let's take a look at some of the economic numbers and see if it's really that bad.

Housing Market

May's data for housing was all bad. It started out with weak housing starts reported on May 17 and continued with worse than expected pending home sales (May 27) and an S&P/Case-Shiller Home Price Index that dipped to the lowest level since March 2003.

The discrepancy between the performance of real estate (NYSEArca: IYR - News), REIT ETFs (NYSEArca: VNQ - News), and the actual real estate market has long highlighted the absurd power of QE2 to lift stocks but leave the rest of the economy in the dust.

The chart below shows the performance of the S&P/Case-Shiller Home Price Index (20-Composite).

http://www.etfguide.com//contributor/UserFiles/8/Image/SPCase-Shiller.gif

Unemployment

This weekend's Wall Street Journal put a positive spin on the jobless report and simply stated: 'Job market loses momentum.' If you really look at the numbers, you'll see that the jobless recovery never had any momentum.

It's taken a lot of lipstick and statistical alchemy, such as excluding workers that have been out of a job for more than 99 weeks and simply decreasing the workforce, to keep this 'pig' more presentable than it really is.

Consumer Confidence

Consider this for a moment. In May 2011, small caps (NYSEArca: IWM - News) and mid caps (NYSEArca: MDY - News) reached an all-time high. I won't spend time pointing out how contradictory this is to the global economic (NYSEArca: EFA - News) picture.

Despite certain segments of the market being at all-time highs and the Dow Jones (DJI: ^DJI), S&P (SNP: ^GSPC), and Nasdaq (Nasdaq: ^IXIC) at new recovery highs, the Consumer Board's Consumer Confidence Index was at a dismal 60.8 in May.

http://www.etfguide.com//contributor/UserFiles/8/Image/CCB%20Confidence%20Index.gif

As the above chart shows, the average reading since 1967 is 94.5. The current reading is lower than it was after the 9-11 attacks and about as low as in 2002. Consumer spending accounts for 75% of GDP. What happens if the consumer doesn't feel confident?

Worse than Expected

Other worse than expected numbers in May came from the Empire State Manufacturing Survey, Redbook Retail Survey, Philly Fed Survey, Durable Goods Orders, GDP, Chicago PMI, and the ISM Manufacturing Report.

They were worse than expected because economists - who are generally bullish at the top and bearish at the bottom - expected much better numbers. Thanks to Citigroup, it is now possible to quantify just how right or wrong economists are.

The Citigroup Economic Surprise Index measures actual data outcome relative to consensus expectations. A positive index reading means that economic releases have, on balance, been beating consensus estimates. As of June 2, the index was at -91 (see chart below).

http://www.etfguide.com//contributor/UserFiles/8/Image/Citigroup%20ESI.gif

Dare to be Different

Unlike most economists, the ETF Profit Strategy Newsletter expected the market to peak out after an April rally. Following a low-risk entry against major Fibonacci support at 1,255 in March, the S&P formed a rare bullish dragonfly doji. The Newsletter's forecast for the month of April (issued on April 3) read as follows:

'A dragonfly doji generally carries bullish implications. Considering the overall technical picture and the bullish April seasonality, higher prices seem likely and odds favor a buy the dips strategy over the next 1-3 weeks. There is a fairly strong Fibonacci projection resistance at 1,369. In terms of resistance levels, the 1,369 - 1,xxx (reserved for subscribers) range is a strong candidate for a reversal of potentially historic proportions.'

The importance of 1,369 was re-emphasized again on May 1, with a recommendation for aggressive investors to short the S&P against 1,369. Following a 46-month low in the VIX (Chicago Options: ^VIX) on Friday April 29, the S&P topped on Monday May 1, at 1,370 and hasn't really looked back since.

Adjusting the Sensors

The purpose of any sensor, gauge, or indicator is to signal trouble before it happens. A 'Check Engine' light doesn't help much if it lights up after the engine blows. The proverbial canary in the coal mine is vital because it smells toxic gases before anyone else does.

Unfortunately, Wall Street doesn't subscribe to the concept of prevention, and neither do economists. If they did, there wouldn't have been a 2002 tech crash (NYSEArca: XLK - News), a 2005 real-estate crash, or a 2007 financial crash (NYSEArca: XLF - News).

Many economic indicators (and the economy) never really recovered. Normally this is reflected in stock prices. However, like a muzzle, QE2 has restrained the stock market from expressing its feelings freely.

Perhaps there is hope that Mr. Bernanke will unleash some version of QE3, but now is not the time to base investment decisions on hope. After a 100%+ rally from the 2009 low, the easy money has been made.

Profiting in the years to come won't be a piece of cake and may require more than the Wall Street Journal's list of 1,000 biggest stocks and a dart…’

Ron Paul says inflation will hit 50 percent New Hampshire Union Leader | Inflation will hit 50 percent in the next couple of years, thanks to the massive debt the country has accumulated.

Stocks Fall on Dow’s Longest Slump Since 2002 Bloomberg | U.S. stocks fell for the sixth straight week, giving the Dow Jones Industrial Average its longest slump since 2002.

Many of us won’t be able to retire until our 80s Marketwatch.com | Many Americans will have to keep on working well into their 70s and 80s to afford retirement.

Debt-reduction talks gain speed VP (Lobotomy Joe) Biden and congressional negotiators agree to pick up the pace of debt-reduction talks in hopes of presenting the framework of an agreement to President Obama and congressional leaders by the end of the month (Washington Post) [ Sounds like a plan! Poll: Americans torn over debt limit POST-ABC NEWS POLL | A large majority say the economy would probably suffer serious harm if Congress fails to raise the federal debt limit. But barely half support doing so, even if lawmakers also slash spending. (WP) [ I think we’re at that point alluded to by Davis; viz., Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money--America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away! ‘ Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart.]

U.S. trade deficit shrinks A weak dollar drove up exports of goods and services to record levels. Jobless claims rise Companies are cutting staff as demand slows because of tight credit and elevated energy prices. (Washington Post) [ Jobless claims worse than expected and the glaring absence of the ‘800 pound gorilla’; viz., the Japanese auto sector giving an artificial boost to the u.s. auto ‘balance’ is somewhat homologous, not analogous, to a footnote on an income statement for extraordinary (ie., one time, etc.) items and structurally, nothing has changed. Kill-Joy Alert: Economic Data Not as Good As It Seems, Say Analystsat Forbes 6-9-11 Heather Struck ‘If analysts these days are seeming like “the glass is half empty” kind of guys, it may be for days like today, when this morning’s seemingly upbeat economic data are already being met with unenthusiastic grumbling. A smaller trade gap may be indicative of deeper problems, analysts are saying, as global events have already seemed to tie into the U.S.’s tenuous economic recovery.

The data showed that the U.S. trade deficit narrowed to $43.68 billion in April, a 6.7% drop from the month before. The drop was fueled by a $3.7 billion drop in oil imports to the U.S., which has been dealing with higher energy prices. Kevin Logan, chief U.S. economist for HSBC, says this detail makes the data less a predictor of future growth than it usually would be.

“Normally an improvement in the trade balance leads to an increase in estimates of GDP growth in the quarter. But if the trade balance is improving because of an across-the-board drop in demand for oil products there should be little impact on GDP growth,” Logan said.

U.S. exports grew 1.8% to $153.3 billion in April, the Commerce Department said. However, a portion of that may be attributed to plant closures in Japan following the earthquake and tsunami there, moving supply-chain momentum to the U.S.

On top of a separate report from the Department of Labor Thursday that showed that jobless claims were at a two-month low last week (See “Jobless Claims Inch Higher”), the data nonetheless helped to move markets broadly up, with the biggest gains in the Dow, which gained more than 1% by 2:00 p.m. in New York to 12,172. U.S. Treasuries have been falling since the morning, however, the yield on the 10-year bonds reaching 3.01% after a lengthy streak below the 3% mark.

To round off the day’s economic news, ECB President Jean-Claude Trichet used the words that everyone was waiting for – “strong vigilance” – in a talk Thursday morning, signalling that an interest rate hike may be coming for the central bank of the EU. The euro, in response, dipped 0.5% against the dollar today to 1.4506.’

Stock Prices Have Fallen For Six Weeks In A Row Well, it’s official. U.S. stock prices have fallen for six weeks in a row. So will next week make it seven? The last time stocks declined for seven weeks in a row was back in May 2001 when the “dot-com” bubble was bursting.

China ratings house says US defaulting: report A Chinese ratings house has accused the United States of defaulting on its massive debt, state media said Friday, a day after Beijing urged Washington to put its fiscal house in order.

Time to take a chainsaw to spending America is the largest debtor nation in the history of the world. As the country goes deeper into the hole, how worried should we be? Congressmen shouldn’t be worried about our credit rating, says Quantum Fund’s Jim Rogers.

The Handling of the Economic Crisis May Lead to Civil Unrest CNN’s Jack Cafferty notes that a number of voices are saying that – if our economy continues to deteriorate (which it very well might) – we are likely headed for violence, and civil unrest is a growing certainty.

National / World

6 in 10 Americans Now Oppose Obama’s War in Libya The Atlantic | The president has made himself vulnerable by launching the conflict without congressional cover.

Globalist Org Reports 15,000 Dead in Libya Kurt Nimmo | The corporate media usually dismisses Libyan claims that the NATO terror campaign is killing innocent civilians.

Panetta: Escalate Shadow Wars, Expand Black Ops Icing Osama bin Laden? Just the beginning, once Leon Panetta makes it to the Pentagon.

‘Libyan gold was globalist game all along’ NATO is continuing its barrage of the Libyan capital, with no sign there will be any let-up until Colonel Muammar Gaddafi goes. Western and Arab countries are showing their support for the Libyan opposition by pledging more money.

Bilderberg Members Confronted by Protesters Outside Security Perimeter Paul Joseph Watson | Angry exchanges between elitists and protesters in unprecedented video footage.

Charlie Skelton Reacts to Astounding Bilderberg Confrontation Footage London Guardian journalist Charlie Skelton reacts to astounding footage showing Bilderberg members being confronted by irate demonstrators outside the security perimeter of the Suvretta hotel.

Interview With Swiss Politician Dominique Baettig Who Confronted Bilderberg Infowars | Swiss Politician Dominique Baettig tells Infowars.com why he has used his position to officially question the secrecy of the Bilderberg group.

Male Prostitutes Service Bilderberg Members at Elite Summit? Paul Joseph Watson | Bilderberg attendees photographed leaving El Paradiso compound following admission of gay escorts being transported there.

Mentally Disabled Man Considered Terrorist by TSA Kurt Nimmo | If you continue to fly, you are to blame for the TSA abusing the mentally disabled, pregnant women, and children.

10 Really Stupid Things The Mainstream Media Has Said About The Bilderberg Group In 2011 The American Dream | Most Americans will completely ignore the Bilderberg Group because the mainstream media is telling them that it is not an important event.

Locating Bilderbergers Infowars.com | On the trail of an escort who will service Bilderberg members.

Texas Sheriff’s Office Issues Domestic Terrorism Warning The Bandera County Sheriff’s Office issued a warning Thursday to citizens about an anti-government movement known for acts of domestic terrorism.

F16 Crashes In Wisconsin, Eyewitness Claims Nuclear Weapons On Board As Military Plants Cover Story? An F16 crashed in Wisconsin on Tuesday, causing the evacuation of residents within a one mile radius of the downed aircraft.

Bilderberg Behind Rick Perry 2012 Run Texas Governor Rick Perry is dipping his toes into the 2012 presidential race, coincidentally, as the Bilderberg conference convenes in St. Moritz, Switzerland. Bilderberg, notorious kingmakers in the U.S. and Europe, tapped Perry in 2007, inviting him to the conference meeting in Istanbul and presumably vetting him for higher office. Has his moment now arrived?

The Senate’s sound of silence “Quorum calls” usually do nothing besides fill up empty minutes; this year, there are more of them. (Washington Post) [ Ah, yes! When there is complete silence, freedom will ring; after all, they can’t muck up what they’re not in session to f***up! Milbank: Congress clocks in to clock out (Washington Post) [ ‘At 10 a.m. Tuesday morning, the Senate came to order. Forty-one seconds later, it adjourned. During this legislative session, there was no bill under consideration, no debate on the floor, not even an opening prayer or a pledge of allegiance. The only senator in the chamber was Mark Warner (D-Va.), the presiding officer. ‘After completing his gavel duties, Warner looked up at the 20 tourists in the public gallery and wondered aloud to the clerk what the spectators must think of the proceedings.“They think, ‘this is our government?’ ” the clerk replied. That’s if they’re being charitable. The Senate is supposed to be in Memorial Day recess this week. But the chamber is so ungovernable that Majority Leader Harry Reid doesn’t even have the votes to declare a recess. So he decided instead to have a few “pro forma” sessions, such as Tuesday’s, allowing senators to take a vacation without voting for it. In a sense, the Senate has been in a pro-forma session all year…’ Now who’s being charitable … I’d say Mr. Milbank in his euphemistic description supra as well as his unflinching defense of wobama the b (for b***s***) despite wobama’s reneging on virtually all his campaign promises / rhetoric to the nation’s unequivocal detriment. Thus, it is indeed Mr. Milbank, journalistically speaking, who as well clocks in to clock out. Simply put, wobama is nothing less than the worst of the democratic platform combined with the worst of the republican platform. At near single digit approval rates for congress, I find it difficult to imagine a realistic approval rate for wobama exceeding same. Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Senate Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a hard place called Afghanistan; indeed they are. [Pakistani troops, NATO helicopters engage in firefight 6th soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan Jones FLASHBACK: Editorial: US in quagmire War in Afghanistan and Iraq costs America $1trillion Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Ex-NSA official avoids jail time Accused leaker Thomas Drake will plead guilty to a misdemeanor; other charges will be dropped. (Washington Post) [ This man deserved an award or medal while the nation destroying big wall street frauds have been too connected to fail or jail. The failed story of pervasively corrupt, defacto bankrupt america. The story of decline and fall of a nation. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed… an especially great opportunity to sell / take profits while you still can since there's much worse to come! ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart.]

Selling In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart. Minyanville's T3 Daily Recap: Bearish Close Foreshadows Deeper Correction at Minyanville 

Beating Obama Should the GOP attack his leftist ideology or his failed leadership? (Washington Post) [ How about all of the above and more. Clearly an anti-bush, left-leaning wobama the b (for b***s***) would have been good for this country and the world had he only done what he campaigned on and promised to do; yet, he’s been little more than ‘bush 2 or 3’ and not even bush light, and hence, also a failed president. There’s very little difference between the parties when ‘push comes to shove’. Indeed, the incumbent ‘comradery’ with an ever vigilant eye toward only staying in office militates against the courageous action necessary to lessen the magnitude of the damage they’ve already done and continue to do, both by misguided action and inaction. … Editorial: US in quagmire War in Afghanistan and Iraq costs America $1trillion Though having but 5% of the world’s population, u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:

Focus Is on Obama as Tensions Soar Across Mideast (NYT) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall. .. Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc.;more specifically, diversion of the masses from the glaring failures of leadership, economic and otherwise.

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Weiner: What a total mental case! What can you expect from national sinkhole new york (new york / new jersey metro area).

Jon Stewart’s cutting Weiner satire “The Daily Show” host stopped pulling punches and made himself the star of the story. (Washington Post) [The comedic gift that keeps on giving …‘what’s in a name?’ On the serious side, it’s a psychoanalytic field day; what a total mental case! Pressure ramps up on Weiner to resign Weiner’s political survival in doubt Rebuked by fellow Democrats, the congressman faces a likely House ethics committee investigation. (Washington Post) [ But his survival as a ‘cyber hot dog’ is assured. After all, you can’t expect to have everything in this world; you know, ‘have your hot dog on display and eat it too’. Anthony’s Weiner is destined to live in infinity; or should I say infamy] New X-rated Weiner photo hits web... Report: SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings,Volkman DEMS BAILING...
Old Flame Calls on Him to Quit... ‘the transcript of a nine-month "sexting" relationship Weiner had with a Las Vegas blackjack dealer. Radar Online posted the transcript, and it is rife with misogyny and distorted views about women. In referring to oral sex, Wiener tells her, “You will gag on me before you c** with me in you” and “[I’m] thinking about gagging your hot mouth with my c***.” This is not about sex. It’s about dominating and inflicting physical pain on a woman, a fantasy the hard-core porn industry makes billions of dollars on selling to men. You don’t want to gag a woman with your penis unless you have some serious issues with the way you see women. As for his other views of women, he tells her, “I hear liberal girls are very, uh, accommodating of other[s],” playing on a bogus stereotype that politically liberal women are promiscuous. When he asks the woman, who is Jewish, “You give good h**d?” and she says yes, he exclaims: “Wow a Jewish girl who sucks c***! this thing is ready to do damage.” ‘[ What a total mental case! What can you expect from national sinkhole new york (new york / new jersey metro area). ] Report: SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings,Volkman
REPORT: Weiner coached woman to lie...
TMZ: Offered PR help...
Dems Begin Peeling Off...
Breitbart says he has X-rated photo...
WHACKED, NOT HACKED!
'Used govt. resources'...
Breitbart: 'I Want To Hear Truth'...
6 'inappropriate' relationships...
ABCNEWS: Mystery Woman Revealed...
HER STORY...
Risqué Online Chats, Photo Swaps...
SLIDESHOW...
VIDEO: 'Web of lies'...
TWITTER TEARS: WEINER ADMITS
REPORT: Woman claims to have 200 explicit messages from NY Dem...
IT MIGHT BE MY WEINER! REPORT: WEINER'S TALE UNRAVELING... By Daniel Libit Sunday, June 5, 2011 ‘As the world has attempted to make sense of Rep. Anthony Weiner’s claim that his Twitter account was hacked, a key clue has been missing: exactly how the notorious groin pic was posted online. But according to data provided exclusively to The Daily from TweetCongress.org, a nonprofit website that captures each member of Congress’s Twitter feeds in real time, the shot seen round the world was transmitted using TweetDeck — a popular Adobe desktop application that links up with social networking sites. A review of Weiner’s Twitter stream from May 27, the day of the crotch pic, shows that Weiner had been posting only from TweetDeck — one of many ways to post messages to Twitter — that entire night. Chet Wisniewski, a senior security adviser at security software company SophosLabs, said the TweetDeck stamp “does make it more plausible that it did come from him.” Weiner used TweetDeck frequently, but he often also posted from the Web directly or from his BlackBerry. A widely circulated explanation for how Weiner’s Twitter account could have been hacked by email would also seem to be incompatible with the fact that the message in question originated on TweetDeck. If email had been used, the message probably would have originated via the photosharing site Yfrog, where the infamous picture was posted …’ [ Weiner admits he sent lewd picture; won't quit (AP) - After days of denials, a choked-up Rep. Anthony Weiner confessed Monday that he tweeted a photo of his bulging underpants to a young woman, and he also admitted to "inappropriate" excha...’ Tearful US congressman admits to crotch photos (AFP) ]
'This Could Be The End For Him'...
’Pot Calls Kettle Black’: Donald Trump Unloads on Anthony Weiner: "He's a Psycho" - Donald Trump has a new target, and boy does he look pleased. "The fact is, Anthony Weiner is a bad guy," the Celebrity Apprentice honcho, who recently decided against running for...
'Have You Ever Taken A Picture Like This Of Yourself?'...
WEINER CALLS COPS ON CBS WASHINGTON (CBSNewYork) — ‘Congressman Anthony Weiner said Thursday he’s finished talking about the lewd photo sent from his Twitter account.But he still wouldn’t say whether he’s the one in the picture.So CBS 2 political reporter Marcia Kramer decided to go to his office on Capitol Hill to try to get you some answers.You’ll never believe what happened.Kramer tried to get an interview with the six-term New York Democrat and as a result had the cops called on her.Kramer walked in to Weiner’s office, announced herself as being from CBS 2 in New York City and said she’d like to see the congressman. Those few words created quite the stir. Doors slammed and people pretended she wasn’t there ...’ Weiner’s efforts don’t cool furor The congressman said that he didn’t send a lewd photo on Twitter but also that he couldn’t “say with certitude” whether the image was of his own crotch. (Washington Post) [ ‘Weiner’s weiner’! ‘Not cool furor’ … how ‘bout just plain ‘not cool’. Eh … what can you expect from national drain / sinkhole new york (new york / new jersey metro). I haven’t read but probably agree with the following article: Listen up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr. Milbank weighs in: ‘The Weiner roast Congressman finds himself in a fight he does not relish.’ Report: SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ John Cummings (Author), Ernest Volkman (Author) Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:

Focus Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs, extinction, at least in a manner of speaking. Global information exchange at lightning speed has made such throwbacks to a lost era, propaganda, and maladaptive traits foolish at best, deadly at worst. Intelligent people worldwide aren’t buying the obsolete, Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc..; more specifically, diversion of the masses from the glaring failures of leadership, economic and otherwise.

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

Germany’s hard line on Greek bailout Officials are demanding that private investors contribute a “substantial” amount toward any new bailout. (Washington Post) [ Private, as in non-Greeks? Demand? Sounds to me like something’s rotten in the state of ‘euro-mark’ … and in defacto bankrupt america … Obama Presses Europe, Pledges Help for Greek Crisis CNBC | Obama offers bailout money for Greece. [ Why doesn’t he just send them a u.s. dollar printing press; you know, one of the old ones since only $100 presses are used in the u.s. now. Such largesse, as the bankrupt lead the bankrupt.] Albert Edwards: Bear market could take S&P down to 450 Posted by Prieur du Plessis under Investment, Stocks ‘I have not referred to my friend Albert Edwards’s views for a while. Given the rather difficult juncture at which the U.S. stock market finds itself, I thought it opportune to consult with the big guy over at Société Générale in London.

In short, Albert sees that the structural bear market in equities has not yet reached bottom. “We have long said that the de-bubbling process would end only when equities become very cheap and revulsion in equities as an asset class hangs in the air like a fog,” commented the famed strategist.

“Equity investors are in for a rude shock. The global economy is sliding back into recession and they are still not even aware that these events will trigger another leg down in valuations, the third major bear market since the equity valuation bubble burst. We will return to the valuation nadir last seen in 1982, with the S&P bottoming around 450.”

Albert is never short of drawing analogies: Investors’ continued optimism “as the equity bloodbath of the last decade enters its final, even bloodier phase” reminded him of the Black Knight in Monty Python & the Holy Grail. “Despite being grievously wounded by King Arthur, the Black Knight makes light of his injuries which he dismisses as a flesh wound. The vast bulk of the investment industry fails to appreciate that we are locked in a structural bear market and about to enter Act III,” he concluded.’

US Is Nearing Even Worse Financial Crisis: Jim Rogers Margo D. Beller | The U.S. is approaching a financial crisis worse than 2008. ‘The U.S. is approaching a financial crisis worse than 2008, Jim Rogers, chief executive, Rogers Holdings, warned CNBC Wednesday.“The debts that are in this country are skyrocketing,” he said. “In the last three years the government has spent staggering amounts of money and the Federal Reserve is taking on staggering amounts of debt…’

Oil price rises sharply after Opec meeting collapses in disarray Guardian | Proposal to increase production rejected by 6 of 12 members.

U.S. Trade Deficit Unexpectedly Narrows Bloomberg | The U.S. trade deficit unexpectedly narrowed in April.

Initial Jobless Claims Rise by 1,000at TheStreet

US Trade Deficit Narrows, But Does This Amount Matter?Wall St. Cheat Sheet

Top 3 Reasons Markets Bounced Back After 6-Day Losing Streak

AAII Sentiment Survey: Pessimism SpikesWall St. Cheat Sheet

10 Reasons the Market Pullback Will Continue

Americans Don’t Believe Government Lies: “Forty-Eight Percent Say That Another Great Depression Is Likely To Occur In The Next Year … More Than Eight In Ten Americans Say That The Economy Is In Poor Shape” Federal Reserve chairman Ben Bernanke says that jobs and growth will pick up in the second half of the year.

10 Signs That Wall Street Is About To Go Into Panic Mode Can you smell the fear? Right now world financial markets are visibly nervous and many are worried that Wall Street is about to go into panic mode.

Here It Comes: Obama Considering Another Fiscal Stimulus Bolded bullets aside, good luck passing another fiscal stimulus Dear President when you can’t even issue debt without stealing money from government retirees.

Senators seek crackdown on “Bitcoin” currency Two senators are pressing federal authorities to crack down on an online black market and “untraceable” digital currency known as Bitcoins after reports that they are used to buy illegal drugs anonymously.

National / World

18 Signs The Collapse Of Society Is Accelerating As the U.S. economy collapses, the thin veneer of civilization that we all take for granted is going to begin to disappear. In fact, there are already an increasing number of signs that the collapse of society is accelerating.

Video: Richard Perle, Bill Gates, Other Delegates Spotted At Bilderberg Infowars.com | Arch neocon and long time Bilderberg attendee Richard Perle has been spotted arriving at the confab.

Bilderbergers Build Wall to Hide Attendees Kurt Nimmo | Conniving elitists try to hide behind linen wall stretched around resort.

High Quality Bilderberg 2011 Video & Photos, St. Moritz Infowars | High quality photos from Bilderberg 2011 at the Suvretta Hotel in San Moritz taken by Aaron Dykes and the Infowars team.

Europe Marches on Bilderberg Tyrants Infowars.com | A large protest against the criminal global elite hidden away in their exclusive Swiss resort is critical if we are going to send a message of unified resistance to the New World Order.

Obama loses bin Laden bounce; Romney on the move among GOP contenders (Washington Post) Steven Pearlstein The Good Mitt had so much potential. The Bad Mitt jeopardizes it by inartfully pandering to the right wing. (Washington Post) [ Yeah! I do think Mr. Pearlstein has touched upon an obscure if not fine line which does indeed undermine faith in the Romney candidacy. After all, after ‘wobama the b’ (for b***s***) it’s ‘voter beware’ like never before. The pandering to the israeli lobby, zionists, neo-con right wing is so unctuous and transparent that it substantially undermines his otherwise ‘desirability factors’ as a candidate. Wobama is a grim reminder of the damage that not doing as pledged can do to this nation particularly, and other nations less directly (ie., mideast, euro zone, etc.). As such, for one to support Romney in light of his indefensible, misguided israeli stance, they’d be put in the untenable position of believing that he didn’t mean what he said; or, put another away, that they don’t believe what he said. Romney says he can heal economy He kicks off presidential bid by trumpeting his record as a turnaround specialist in business. (Washington Post) [ Well, he’s certainly not going to do that by toeing the israeli lobby line as did failed president wobama the b (for b***s***), despite his recent rhetoric (meaningless coming from wobama the b) seemingly, but not really in terms of action (he’s literally continued the perma-war policies of war criminal and moron dumbya bush; ie., Afghanistan, Libya, etc., Drudgereport: FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA... Deadliest day this year... WARS RAGE ON... U.S. Dead in Afghanistan Tops 1,500... OBAMA HITS GOLF COURSE FOR ROUND NO. 70... ON THE GROUND IN LIBYA . This despite the defacto bankruptcy of the nation. It is time to tell the mentally deficient at the pentagon along with other war mongering neocons that the days of their easy money, fog of war thefts (ie., 360 tons of $100 bills flown into Iraq and ‘disappeared’, etc. ) and nebulously fat budgets are over. Stated another way, math, economics, and finance count. I’d say law should count but we all know that’s not the case in meaningfully lawless america (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed). Obama is committed to Israel (Washington Post) Rahm Emanuel He’s been invested since his first days in office.{Yes! I do believe this is among the few instances when emanuel is telling the truth; and, pervasively corrupt, defacto bankrupt america has the red ink, red blood (of u.s. soldiers), and failed geopolitical strategy to prove it.}

Robert Gates: Kucinich move on Libya ‘dangerous’ Politico | Gates says move to end Libya attack would undermine alliances and military operations. House Republicans Kill Kucinich’s Libya Withdrawal Bill FoxNews.com | Yanked from schedule only after it became clear that it might succeed. { In robert gates’ cia-alice-in-wonderland world, a failed defacto bankrupt american banana republic with gunboat diplomacy will do just fine (thank you very much for your wasted tax dollars). }

Tough choices in Europe over Greece Greece will need more than $40 billion to keep itself afloat and sidestep a nightmare scenario: a default by one of the countries that use the euro. (Washington Post) [ Fait accomplis? I’d say, ‘look homeward hell’s angels’. After all, we do have near 50 such fiscal basket-cases here in the pervasively corrupt, defacto bankrupt disunited states. Meanwhile, america / nato are frittering money / resources away . http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST… Editorial: US in quagmire War in Afghanistan and Iraq costs America $1trillion Though having but 5% of the world’s population, u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:

Focus Is on Obama as Tensions Soar Across Mideast (NYT) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall. .. Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc.;more specifically, diversion of the masses from the glaring failures of leadership, economic and otherwise.

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Low hopes for Afghanistan Ryan Crocker didn’t dissuade the pessimism. (Washington Post) [ Pessimism? How about reality! Think of the most optimal conclusion there as measured against the cost. Not worth it! And, keep in mind an optimal conclusion is highly unlikely. Hence, at this precarious point in pervasively corrupt, defacto bankrupt america’s history, hopes just don’t cut it; and, are wholly insufficient to justify such costly, ill-founded, misguided policy. Report: Afghan nation-building effort in peril EXCLUSIVE | Hugely expensive U.S. effort has had only limited success and may not survive an american withdrawal, according to the findings of a two-year congressional investigation to be released Wednesday. (Washington Post) [ Has everybody lost their minds? ‘(Afghanistan) may not survive an american withdrawal’? How about the reality that Afghanistan might not survive a continued american presence; and, ditto for the occupiers, viz., defacto bankrupt america hemorrhaging red ink therefrom and more. I’d call what they’re doing, ‘nation-destroying’ which reality is not lost on the people affected.… 6th soldier charged in plot to kill Afghan civilians (WP) Afghanistan’s Karzai gives U.S. final warning: stop killing civilians Afghan President Hamid Karzai called on the US military on Sunday to avoid operations that kill civilians, saying it was his “last warning” to Washington after 14 people allegedly died in an air strike. … Editorial: US in quagmire War in Afghanistan and Iraq costs America $1trillion Though having but 5% of the world’s population, u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:

Focus Is on Obama as Tensions Soar Across Mideast (NYT) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall. .. Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc.;more specifically, diversion of the masses from the glaring failures of leadership, economic and otherwise.

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Pressure ramps up on Weiner to resign A handful of Capitol Hill Democrats call for the New York congressman to step down. (Washington Post) [ Weiner's political life dims as lewd photo appears (AP) AP - Embattled New York Rep. Anthony Weiner's prospects for political survival dimmed precipitously on Wednesday with the appearance on the Internet of an X-rated photo said to be of the congressman — and the first calls from fellow Democrats for him to step down. Weiner’s political survival in doubt Rebuked by fellow Democrats, the congressman faces a likely House ethics committee investigation. (Washington Post) [ But his survival as a ‘cyber hot dog’ is assured. After all, you can’t expect to have everything in this world; you know, ‘have your hot dog on display and eat it too’. Anthony’s Weiner is destined to live in infinity; or should I say infamy …] New X-rated Weiner photo hits web...
Weiner: That's my weiner, too...
Another Weiner Sexter Emerges...
POLITICO on Weiner: 'Dam is breaking'...
DEMS BAILING...
Old Flame Calls on Him to Quit... ‘…he transcript of a nine-month "sexting" relationship Weiner had with a Las Vegas blackjack dealer. Radar Online posted the transcript, and it is rife with misogyny and distorted views about women. In referring to oral sex, Wiener tells her, “You will gag on me before you c** with me in you” and “[I’m] thinking about gagging your hot mouth with my c***.” This is not about sex. It’s about dominating and inflicting physical pain on a woman, a fantasy the hard-core porn industry makes billions of dollars on selling to men. You don’t want to gag a woman with your penis unless you have some serious issues with the way you see women. As for his other views of women, he tells her, “I hear liberal girls are very, uh, accommodating of other[s],” playing on a bogus stereotype that politically liberal women are promiscuous. When he asks the woman, who is Jewish, “You give good h**d?” and she says yes, he exclaims: “Wow a Jewish girl who sucks c***! this thing is ready to do damage.” ‘[ What a total mental case! ]
REPORT: Weiner coached woman to lie...
TMZ: Offered PR help...
Dems Begin Peeling Off...
Breitbart says he has X-rated photo...
WHACKED, NOT HACKED!
'Used govt. resources'...
Breitbart: 'I Want To Hear Truth'...
6 'inappropriate' relationships...
ABCNEWS: Mystery Woman Revealed...
HER STORY...
Risqué Online Chats, Photo Swaps...
SLIDESHOW...
VIDEO: 'Web of lies'...
TWITTER TEARS: WEINER ADMITS
REPORT: Woman claims to have 200 explicit messages from NY Dem...
IT MIGHT BE MY WEINER! REPORT: WEINER'S TALE UNRAVELING... By Daniel Libit Sunday, June 5, 2011 ‘As the world has attempted to make sense of Rep. Anthony Weiner’s claim that his Twitter account was hacked, a key clue has been missing: exactly how the notorious groin pic was posted online. But according to data provided exclusively to The Daily from TweetCongress.org, a nonprofit website that captures each member of Congress’s Twitter feeds in real time, the shot seen round the world was transmitted using TweetDeck — a popular Adobe desktop application that links up with social networking sites. A review of Weiner’s Twitter stream from May 27, the day of the crotch pic, shows that Weiner had been posting only from TweetDeck — one of many ways to post messages to Twitter — that entire night. Chet Wisniewski, a senior security adviser at security software company SophosLabs, said the TweetDeck stamp “does make it more plausible that it did come from him.” Weiner used TweetDeck frequently, but he often also posted from the Web directly or from his BlackBerry. A widely circulated explanation for how Weiner’s Twitter account could have been hacked by email would also seem to be incompatible with the fact that the message in question originated on TweetDeck. If email had been used, the message probably would have originated via the photosharing site Yfrog, where the infamous picture was posted …’ [ Weiner admits he sent lewd picture; won't quit (AP) - After days of denials, a choked-up Rep. Anthony Weiner confessed Monday that he tweeted a photo of his bulging underpants to a young woman, and he also admitted to "inappropriate" excha...’ Tearful US congressman admits to crotch photos (AFP) ]
'This Could Be The End For Him'...
’Pot Calls Kettle Black’: Donald Trump Unloads on Anthony Weiner: "He's a Psycho" - Donald Trump has a new target, and boy does he look pleased. "The fact is, Anthony Weiner is a bad guy," the Celebrity Apprentice honcho, who recently decided against running for...
'Have You Ever Taken A Picture Like This Of Yourself?'...
WEINER CALLS COPS ON CBS WASHINGTON (CBSNewYork) — ‘Congressman Anthony Weiner said Thursday he’s finished talking about the lewd photo sent from his Twitter account.But he still wouldn’t say whether he’s the one in the picture.So CBS 2 political reporter Marcia Kramer decided to go to his office on Capitol Hill to try to get you some answers.You’ll never believe what happened.Kramer tried to get an interview with the six-term New York Democrat and as a result had the cops called on her.Kramer walked in to Weiner’s office, announced herself as being from CBS 2 in New York City and said she’d like to see the congressman. Those few words created quite the stir. Doors slammed and people pretended she wasn’t there ...’ Weiner’s efforts don’t cool furor The congressman said that he didn’t send a lewd photo on Twitter but also that he couldn’t “say with certitude” whether the image was of his own crotch. (Washington Post) [ ‘Weiner’s weiner’! ‘Not cool furor’ … how ‘bout just plain ‘not cool’. Eh … what can you expect from national drain / sinkhole new york (new york / new jersey metro). I haven’t read but probably agree with the following article: Listen up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr. Milbank weighs in: ‘The Weiner roast Congressman finds himself in a fight he does not relish.’ Report: SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ John Cummings (Author), Ernest Volkman (Author) Though having but 5% of the world’s population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:

Focus Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs, extinction, at least in a manner of speaking. Global information exchange at lightning speed has made such throwbacks to a lost era, propaganda, and maladaptive traits foolish at best, deadly at worst. Intelligent people worldwide aren’t buying the obsolete, Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc..; more specifically, diversion of the masses from the glaring failures of leadership, economic and otherwise.

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

Albert Edwards: Bear market could take S&P down to 450 Posted by Prieur du Plessis under Investment, Stocks ‘I have not referred to my friend Albert Edwards’s views for a while. Given the rather difficult juncture at which the U.S. stock market finds itself, I thought it opportune to consult with the big guy over at Société Générale in London.

In short, Albert sees that the structural bear market in equities has not yet reached bottom. “We have long said that the de-bubbling process would end only when equities become very cheap and revulsion in equities as an asset class hangs in the air like a fog,” commented the famed strategist.

“Equity investors are in for a rude shock. The global economy is sliding back into recession and they are still not even aware that these events will trigger another leg down in valuations, the third major bear market since the equity valuation bubble burst. We will return to the valuation nadir last seen in 1982, with the S&P bottoming around 450.”

Albert is never short of drawing analogies: Investors’ continued optimism “as the equity bloodbath of the last decade enters its final, even bloodier phase” reminded him of the Black Knight in Monty Python & the Holy Grail. “Despite being grievously wounded by King Arthur, the Black Knight makes light of his injuries which he dismisses as a flesh wound. The vast bulk of the investment industry fails to appreciate that we are locked in a structural bear market and about to enter Act III,” he concluded.’

‘Albert Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart. Minyanville's T3 Daily Recap: Bearish Close Foreshadows Deeper Correction at Minyanville  The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed… an especially great opportunity to sell / take profits while you still can since there's much worse to come! Selling In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by June, You’re a Loon! ‘

Here's The Proof U.S. Companies Are Taking Jobs Abroad at Forbes Robert Lenzner StreetTalk ‘The jobs are going to the foreign affiliates of U.S. companies in far greater numbers than the jobs that are created for U.S. affiliates of U.S. companies. The proof of the pudding is in a chart below, recommended  to Forbes  by the Ewing Marion Kauffman Foundation in Kansas City, that is recognized as  a fountain of research and ideas about entrepreneurship. The more  the entrepreneurship, the more the jobs, the more the success of the U.S. economy.

Chart http://blogs-images.forbes.com/robertlenzner/files/2011/06/lenzners-chart.png

Since 1982 the index of jobs going to the foreign affiliates of U.S. companies has  risen some 80% from a low of 100 in 1982 to 180 currently. By comparison, the index of jobs at the U.S. affiliates of U.S. companies rose from 100 in 1982 to a peak of 130 in 2000–before the  tech bubble and the housing bubble– and in the last decade has fallen back to 110. This means the number of jobs created by US companies inside the nation has risen by only 10% over  30 years.

By another comparison, the jobs created by new small business in the U.S. has increased by 20 million  over the 1980-2005 period. We will try to determine if this rate of job creation is continuing. Obviously, something must be done to reduce the unemployment rate of 9.1%– as well as the underemployed rate of 15-20%.

Kauffman’s Dane Stangler, director of research, believes many of  these new jobs were created by  employees, who lost their positions at a large company, and t hen went into business for themselves. This probably won’t be sufficient to dent the unemployment rate today.

Public policy measures like the Fed’s quantitative easing and the Obama administration’s Recovery Act just did not pack sufficient wallop to get the job done.  “To bring the unemployment rate down, GDP growth needs to be more rapid,” Christina Romer, former chairman of Obama’s economic advisors, said recently in a speech. “We need to be adding not 100,000 to 200,000 jobs a month, but more like 400,000 or even 500,000 per month.”

QE2, Romer insisted,”came a year too late,” and the Recovery Act “wasn’t big enough.” ‘

Beige Book: Fed's Snapshot Shows Scuffling Economyat Forbes Steve Schaefer ‘A day after sweeping remarks from Ben Bernanke that touched on everything from the economic soft patch to commodity inflation to bank regulation, the Federal Reserve released its the Beige Book for its June 21-22 meeting. The snapshot of economic conditions from the central bank’s 12 districts supported the chairman’s view of a continuing, though decelerating, recovery.

Dallas was a bright spot, the lone district to indicate growth is speeding up, while New York, Philadelphia, Atlanta, and Chicago all noted slowing growth. Consumer spending turned mixed since the last Beige Book released April 13, which comes as little surprise as households continued to feel the pinch of higher prices at the pump even as crude oil eased back below the $100 threshold ...

The report noted some challenges in auto sales attributed to supply disruptions from March’s natural disaster in Japan. Automakers like GM, Ford and Toyota have acknowledged the impact of such disruptions, but the effect is likely temporary.

There was nothing to write home about in the housing portion of the report, as Fed districts reported “widespread weakness” in residential construction and real estate, though rental housing conditions have strengthened and let to a pickup in development. Loan demand was steady to stronger, the Fed says, amid broad improvement in credit quality, which should come as little surprise given the massive post-crisis deleveraging undertaken by households and businesses that continues apace.

Other segments of the Beige Book offered further confirmation of trends that are well-established. Manufacturing growth continues, but at a slower pace, the labor market is lackluster at best and companies are facing challenges in passing along higher input prices – like oil, agricultural commodities and industrial metals – to customers.

The release of the Beige Book comes with U.S. stocks trying, and failing to break a losing streak. Ninety minutes to the close the major indexes were near session lows with the Dow Jones industrial average off 12 points at 12,059, the S&p 500 4 points at 1,281 and the Nasdaq 23 points at 2,679.

Earlier Wednesday, concerns of slower growth continued to surface in the government bond market as an auction of $21 billion in 10-year Treasury notes drew a yield of 2.97% amid strong demand. The rate was the lowest since November.’

Oil's Path Is Only Up From Here: Analyst at Forbes Heather Struck ‘After OPEC’s production talks in Vienna broke down Wednesday the door is likely open to continued high oil prices, and strengthening demand is only helping to put further pressure on crude oil’s record levels this year.

In May Saudi Arabia boosted its output by 450,000  barrels a day to 9 million barrels of oil in order to meet supply levels. In the U.S. demand has been growing robustly, at 19.2 million barrel per day.

Energy stocks are seeing gains for two Dow components – Exxon Mobile and Chevron – which were up 2% and 1% respectively Wednesday.

While gasoline and energy push up demand at a robust pace, supply is facing headwinds. Libya has ceased production while its nation undergoes a forceful change of leadership, and Russia’s production is spotty.

“Production is going to be erratic for the rest of the year” says Amrita Sen, an energy analyst for Barclays Capital. There will pockets of weakness in the Middle East and China, and there will be pockets of strength in the U.S., Canada and Brazil.

If oil prices were going to be stabilized through production levels, it would have been at the OPEC meeting today, where Middle Eastern nations such as Iran and Saudi Arabia argued over politics. After the talks failed, “everything is [up to] Saudi Arabian policy,” according to Sen.

In a May 26 note, Sen said the OPEC meeting would be a test for oil prices for the remainder of the year

The trigger for the next move higher, in our view, could be the upcoming OPEC meeting on June 8, where the lack of a proactive approach to mitigating the shortfalls in the market could serve to significantly tighten balances.

Investors seemed to take that possibility into account Wednesday, as West Texas intermediate crude moved up 1.8% to $100.85 a barrel, while Brent crude eased slightly from the day’s high, landing at $117.85.’

Minyanville's T3 Daily Recap: Market Again Fades Late, Chinese Internet Beating Continuesat Minyanville

Top 3 Reasons Markets were Down While OPEC Pushed Oil UpWall St. Cheat Sheet June 8, 2011, 5:13 pm EDT

Markets closed down on Wall Street: DJI -0.18% SP500 -0.42% Nasdaq -0.97% Gold - 0.41% Oil 2.05% .

On the commodities front,  Oil (NYSE:USO) rocketed up past $100 a barrel after OPEC decided not to increase a cap on oil production, while precious metals were down with  Gold (NYSE:GLD) ending regular trading down 0.41% and  Silver (NYSE:SLV) down 0.25% at close…

Today’s markets were mixed because:

1) OPEC. Crude (NYSE:USO) had been down the last few days in anticipation of OPEC increasing the cap on production. But this morning when they decided to maintain production restrictions at current levels, it was the only big financial news release, so oil futures skyrocketed while everything else remained relatively still. See Why It’s All About That Texas Tea.

2) Tech has been unimpressive, at best. With no really big news or cool new gadgets coming out of Apple’s (NASDAQ:AAPL) Worldwide Developers Conference, Nokia (NYSE:NOK) continuing its downward spiral, the legality of the AT&T’s (NYSE:T) buyout of T-Mobile still being debated, and a host of unimpressive numbers from companies like Microsoft (NASDAQ:MSFT) and LinkedIn (NYSE:LNKD), the usually booming tech sector has been taking a bit of a vacation this week.

3) The Beige Book. The Federal Reserve released the Beige Book this afternoon, a snapshot of the country’s economic condition. Unsurprisingly, we’re not doing that great. Progress has slowed in just about every sector while many companies are facing higher input costs, passing them on to consumers in the form of higher prices. Nothing dampens the market like reminding people just how bad things are.’

Fed: Default would be dangerous; Fitch may cut rating (Reuters)

OPEC talks collapse, pushing oil prices higher (Reuters)

Minyanville's T3 Daily Recap: Bearish Close Foreshadows Deeper Correction at Minyanville 

Bernanke: Economy slowing but faster growth ahead- AP [ Well, there you go … the new maestro, ‘no-recession-helicopter-ben b.s. bernanke’, has covered all his bases; yes, the economy’s slowing but as well, faster growth ahead. Nothing to worry about now in this ‘non-zero sum game’; after all, either / or he’s gotta’ be right … wrong! The GOP’s deficit demands Sen. Jon Kyl offers the most specific outline yet of Republicans’ conditions in the debt-ceiling talks. (Washington Post) [Moody’s: U.S. credit rating at risk Agency warns of a possible credit rating downgrade if a debt-ceiling deal cannot be reached. (Washington Post) [ I’d say, as is true of their performance in the last phase of this ongoing crisis, they are so typically late to the party. After all, pervasively corrupt america is already defacto bankrupt. House rejects debt ceiling increase The 317-to-98 vote was a bipartisan rejection of extending the nation’s current debt limit of $14.3 trillion unless major spending reductions accompany the legislation. (Washington Post) [ Well, perish the thought that increases in liabilities should be commensurate with decreases in liabilities to maintain a … balance … sheet? At this point, who’s counting? After all, are there really degrees of defacto bankruptcy? Or, an either / or absolute state; viz., you are or you’re not defacto bankrupt. Pervasively corrupt, defacto bankrupt america is in fact defacto bankrupt! … Wall Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press” climaxed Sunday  with a startling market prognostication from David Brooks, conservative columnist for the NY Times. The risk of a debt default over the combustible issue of the Medicare deficit hangs over the course of the stock market. Buyers Beware!“I was up in Wall Street  this week,” Brooks said. “They’re vastly underestimating the source of piolitical risk here. We could have a major problem, I think, either this summer or the next couple years. And I’d be worried about investing too much in the market. That’s my financial advice.”…’ Another Financial Crisis Is On The Way, Mobius Says STOCKS HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline..’ ] States face shortfall for retirees (WP) Public workers’ retirement funds had a gap of $1.26 trillion at the end of fiscal 2009 Study: Affordable rentals scarce (WP) Poll: For Obama, low marks on Afghan war (WP) More Americans disapprove of President Obama’s management of the war in Afghanistan than support it Fuel prices cut into Obama popularity (WP) (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast turmoil to obfuscate their failure. Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come! America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart.]

Deflationary Depression in America: The Double Dip Economic Recession

OPEC Talks Break Down, No Deal to Lift Oil Supply OPEC talks broke down in acrimony on Wednesday after Saudi Arabia failed to convince the cartel to lift production, sparking a rebound in global oil prices.

Asleep at the wheel During a press conference with German Chancellor Angela Merkel, President Obama stated, “I’m not concerned about a double-dip recession. I am concerned about the fact that the recovery that we’re on is not producing jobs as quickly as I want it to happen.”

Citizen Sues Atlanta Fed Based on Allegation that It’s Issuing Federal Reserve Notes That It Has No Intention of Redeeming, Which Amounts to Counterfeiting … Asks that Atlanta Fed’s Charter be Forfeited The complaint alleges that all of the Federal Reserve Banks (including Atlanta) stopped allowing Federal Reserve Notes to be redeemed in the early 2000′s and that – because 12 United States Code Section 411 requires the notes to be redeemable – continuing to issue notes without allowing redemption amounts to counterfeiting.

Obama’s Failure to Fill Economic Posts Is an Unforced Error - Daniel Gross, Y! Finance The ultimate failure to fill key posts in important agencies is its own goal, an unforced error, a self-inflicted wound.

Fine Print of Goldman's Subprime Bet- Andrew Ross Sorkin, NYT

Timothy Geithner, the persuader Many wondered if Geithner would last. Now he’s a central figure in Obama administration. (Washington Post) [ The persuader? Yeah, anything but what tiny tim’s supposed to be … because … nothing succeeds like failure in pervasively corrupt, defacto bankrupt america. After all, central figure in wobama’s administration doesn’t say much … Obama's rating on economy hits new low: poll (Reuters) Obama: No fears of double-dip recession (AP) [He’s so ‘brave’, he has no fear; and, after all, look at all his wars … yet, reality proves he’s all b***s***, that ‘wobama the b’(for b***s***). Daily economic briefings disappear from Obama’s White House schedule (I personally believe wobama doesn’t understand economics.) Madoff employee pleads guilty Documents charged Eric Lipkin, a former employee, with helping Madoff perpetrate his epic Ponzi scheme. (Washington Post) [ ‘Tiny taters’! Yet, there are loads of such fraudulent interrelationships on fraudulent wall street, part and parcel of the last and ongoing ubiquitous fraud; albeit too big to fail or jail despite intimations to the contrary. Goldman Sachs subpoenaed Report says firm’s mortgage-related investments enabled the company to profit while clients lost money. (Washington Post) [ Their stock was down. Why? No mystery there on fraudulent wall street that they’ve got plenty to hide; and, certainly far more beyond the scope of the subpoena. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed… an especially great opportunity to sell / take profits while you still can since there's much worse to come! America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog/ Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billiions from the fraud ). UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.

‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

Scam artists run amok Double-digit profits in one day from short-sale investing? It’s a sign of fraud, not market savviness. (Washington Post) [ Wow! Separating the wheat from the chaff in terms of fraud on wall street is, owing to pervasiveness, a job that even Mr. Phelps of ‘Mission Impossible’ fame couldn’t handle. After all, what isn’t fraudulent on wall street today? Nothing … nada … zed … zero. Report: SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book Goombata: The Improbable Rise and Fall of John Gotti and His Gang John Cummings (Author), Ernest Volkman (Author) Though having but 5% of the world’s population, u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:

Bernanke: Setbacks are temporary Fed chairman suggests economy will accelerate as year progresses despite recent signs of weakness. Poll: Obama hits new lows on economy (Washington Post) [ Oh really? Like the ‘no-recession’, helicopter ben? One thing is certain and not temporary; viz., the gains for the frauds on wall street at great expense to all from the failed policies as noted by analyst Andy Bove: ‘Bove also took a hard shot at the Fed’s Quantitative Easing program calling it “a miserable failure.” ‘ Housing prices fall 'beats Great Depression slide'... Meredith Whitney Adds 10 New States To Her Sh*t List Bess Levin Bove: Fed Is Clueless On Bank Regulations at Forbes Halah Touryalai [ ‘..QE2 was a boondoggle for investors in financial instruments but had no impact on the economy ‘ . Yeah! Boondoggle, fraud, ongoing fraud / coverup in the trillions (The Real “Margin” Threat: $600 Trillion In OTC Derivatives, A Multi-Trillion Variation Margin Call, And A Collateral Scramble That Could Send US Treasurys To All Time Records… ) … I’d say that’s putting it mildly. ] ‘A speech on Friday by Federal Reserve Governor Daniel Tarullo has bank analyst Dick Bove up in arms…

From the note:

The suggestions being made indicate that the Fed has no understanding:

• Of what caused the financial collapse
• The current structure of the banking industry’s balance sheet
• How banks interact with the economy
• Why QE2 was a boondoggle for investors in financial instruments but had no impact on the economy …’

Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come! America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away!

Minyanville's T3 Daily Recap: Bearish Close Foreshadows Deeper Correction at Minyanville  The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed… an especially great opportunity to sell / take profits while you still can since there's much worse to come! Selling In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by June, You’re a Loon!

Bernanke: Economy slowing but faster growth ahead- AP [ Well, there you go … the new maestro, ‘no-recession-helicopter-ben b.s. bernanke’, has covered all his bases; yes, the economy’s slowing but as well, faster growth ahead. Nothing to worry about now in this ‘non-zero sum game’; after all, either / or he’s gotta’ be right … wrong! Wanted: Economic policymakers There is a void atop much of the financial arms, with about a dozen senior positions vacant. (Washington Post) [ How about just stating as appropriate, there’s a huge void, period. These people, from ‘no-recession-helicopter-ben b.s. bernanke’, to ‘tiny tim geithner’, to ‘wobama the b (for b***s***)’, to congress, to high,mid,lower level federal employees, to u.s. executives, etc., haven’t the slightest idea what they’re doing, or what to do. But, they do know how to throw a great fraud on wall street! Drudgereport: TEMPLETON chairman: Financial Crisis 'Around Corner'...
'WE ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...'
ECONOMIC 'HORROR' AS DATA PLUNGES
Dow Has Longest Weekly Slump Since '04...
Housing prices fall 'beats Great Depression slide'... Meredith Whitney Adds 10 New States To Her Sh*t List Bess Levin Bove: Fed Is Clueless On Bank Regulations at Forbes Halah Touryalai [ ‘..QE2 was a boondoggle for investors in financial instruments but had no impact on the economy ‘ . Yeah! Boondoggle, fraud, ongoing fraud / coverup in the trillions (The Real “Margin” Threat: $600 Trillion In OTC Derivatives, A Multi-Trillion Variation Margin Call, And A Collateral Scramble That Could Send US Treasurys To All Time Records… ) … I’d say that’s putting it mildly. ] ‘A speech on Friday by Federal Reserve Governor Daniel Tarullo has bank analyst Dick Bove up in arms…

From the note:

The suggestions being made indicate that the Fed has no understanding:

• Of what caused the financial collapse
• The current structure of the banking industry’s balance sheet
• How banks interact with the economy
• Why QE2 was a boondoggle for investors in financial instruments but had no impact on the economy…’

National / World

Weiner's political life dims as lewd photo appears (AP) AP - Embattled New York Rep. Anthony Weiner's prospects for political survival dimmed precipitously on Wednesday with the appearance on the Internet of an X-rated photo said to be of the congressman — and the first calls from fellow Democrats for him to step down. Weiner’s political survival in doubt Rebuked by fellow Democrats, the congressman faces a likely House ethics committee investigation. (Washington Post) [ But his survival as a ‘cyber hot dog’ is assured. After all, you can’t expect to have everything in this world; you know, ‘have your hot dog on display and eat it too’. Anthony’s Weiner is destined to live in infinity; or should I say infamy …]

High Quality Bilderberg 2011 Video & Photos, St. Moritz Infowars | High quality photos from Bilderberg 2011 at the Suvretta Hotel in San Moritz taken by Aaron Dykes and the Infowars team.

Europeans to Converge on Switzerland for Bilderberg Protest Steve Watson | Alex Jones has called for activists the world over to descend on the luxury Suvretta House hotel this Saturday at 12 noon.

Breaking: Secret Bilderberg Agenda Leaked by Mole Kurt Nimmo | Alex Jones and Infowars.com have received inside information regarding the Bilderberg agenda now unfolding in the idyllic Swiss countryside.

Exclusive: Live Video & Photos from Bilderberg (Continually Updated) Infowars | Live video feed and photos from Switzerland.

Intimidating the Media: Bilderberg Security Seize Infowars Reporter’s Passport Infowars.com | Luke Rudkowski documents how security at Bilderberg demanded and kept hold of his passport for over half an hour earlier today.

Bilderbergers May Give Green Light to Mexican Central Banker as New IMF Boss Kurt Nimmo | Neoliberal central banker held high-level positions at the Banco de México, World Bank, International Monetary Fund, and Bank of International Settlements.

Exclusive Reportage Live from Switzerland on the Bilderbergers Kurt Nimmo | Alex Jones covers the latest on the elite as they plan our demise behind closed doors.

Holding the President Accountable on Libya Ron Paul | The president’s attack on Libya was unconstitutional and thus unlawful.

How the Egyptian Revolution is Stoking the Cola Wars at Minyanville

Obama Presses Europe, Pledges Help for Greek Crisis CNBC | Obama offers bailout money for Greece. [ Why doesn’t he just send them a u.s. dollar printing press; you know, one of the old ones since only $100 presses are used in the u.s. now. Such largesse, as the bankrupt lead the bankrupt.]

Report: Afghan nation-building effort in peril EXCLUSIVE | Hugely expensive U.S. effort has had only limited success and may not survive an american withdrawal, according to the findings of a two-year congressional investigation to be released Wednesday. (Washington Post) [ Has everybody lost their minds? ‘(Afghanistan) may not survive an american withdrawal’? How about the reality that Afghanistan might not survive a continued american presence; and, ditto for the occupiers, viz., defacto bankrupt america hemorrhaging red ink therefrom and more. I’d call what they’re doing, ‘nation-destroying’ which reality is not lost on the people affected.… 6th soldier charged in plot to kill Afghan civilians (WP) Afghanistan’s Karzai gives U.S. final warning: stop killing civilians Afghan President Hamid Karzai called on the US military on Sunday to avoid operations that kill civilians, saying it was his “last warning” to Washington after 14 people allegedly died in an air strike. … Editorial: US in quagmire War in Afghanistan and Iraq costs America $1trillion Though having but 5% of the world’s population, u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:

Focus Is on Obama as Tensions Soar Across Mideast (NYT) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall. .. Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc.;more specifically, diversion of the masses from the glaring failures of leadership, economic and otherwise.

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Minyanville's T3 Daily Recap: Bearish Close Foreshadows Deeper Correction at Minyanville  The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed… an especially great opportunity to sell / take profits while you still can since there's much worse to come! Selling In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If You’ve Not Sold by June, You’re a Loon!

Bernanke: Economy slowing but faster growth ahead- AP [ Well, there you go … the new maestro, ‘no-recession-helicopter-ben b.s. bernanke’, has covered all his bases; yes, the economy’s slowing but as well, faster growth ahead. Nothing to worry about now in this ‘non-zero sum game’; after all, either / or he’s gotta’ be right … wrong! Wanted: Economic policymakers There is a void atop much of the financial arms, with about a dozen senior positions vacant. (Washington Post) [ How about just stating as appropriate, there’s a huge void, period. These people, from ‘no-recession-helicopter-ben b.s. bernanke’, to ‘tiny tim geithner’, to ‘wobama the b (for b***s***)’, to congress, to high,mid,lower level federal employees, to u.s. executives, etc., haven’t the slightest idea what they’re doing, or what to do. But, they do know how to throw a great fraud on wall street! Drudgereport: TEMPLETON chairman: Financial Crisis 'Around Corner'...
'WE ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...'
ECONOMIC 'HORROR' AS DATA PLUNGES
Dow Has Longest Weekly Slump Since '04...
Housing prices fall 'beats Great Depression slide'... Meredith Whitney Adds 10 New States To Her Sh*t List Bess Levin Bove: Fed Is Clueless On Bank Regulations at Forbes Halah Touryalai [ ‘..QE2 was a boondoggle for investors in financial instruments but had no impact on the economy ‘ . Yeah! Boondoggle, fraud, ongoing fraud / coverup in the trillions (The Real “Margin” Threat: $600 Trillion In OTC Derivatives, A Multi-Trillion Variation Margin Call, And A Collateral Scramble That Could Send US Treasurys To All Time Records… ) … I’d say that’s putting it mildly. ] ‘A speech on Friday by Federal Reserve Governor Daniel Tarullo has bank analyst Dick Bove up in arms.

In a 12-page note yesterday, the Rochdale Securities analyst said Tarullo’s suggestion on Friday that systemically important financial institutions (SIFI) should increase their capital ratios by 20% to 100% above current levels is “a perfect example of what is wrong” with the Fed’s approach to the banking system.

From the note:

The suggestions being made indicate that the Fed has no understanding:

• Of what caused the financial collapse
• The current structure of the banking industry’s balance sheet
• How banks interact with the economy
• Why QE2 was a boondoggle for investors in financial instruments but had no impact on the economy

When the Fed should have been tightening restrictions on the banks over the past decade, it loosened them. Now that the economy is either in a pause or slowing down and the Fed should be easing restrictions on the banks, it is tightening them. As a consequence, there is now $1.5 trillion dollars sitting in the Fed earning virtually nothing while unemployment rises and the economy falters.

It is simply incomprehensible that this nation can be so poorly served by those people who should be expected to know what they are doing. Mr. Tarullo’s remarks are so totally absurd that it is difficult to assume that they will ever be heeded.

Raising banks’ capital ratios will have a horrific impact on the economy and one similar to 1937 when the Fed increased reserve ratios twice sending the U.S. back into Depression, Bove argues.

Tarullo said in his speech that he wants the new capital to come from common equity which means banks would likely have to raise the money by issuing new common shares. Bove thinks that’s absurd because banks have already upped their tangible common equity (TCE) as a result of post-financial crisis regulatory pressure.TCE is at 8.56% of assets, the highest in 76 years, he says.

Based on the actual data, going back 76 years, the actions of the banks in the past three years have created one of the safest and soundest banking systems in American history. The Federal Reserve:

• Does not believe this
• It has simply not looked at the historical numbers, or
• It sees a financial disaster brewing that has yet to be revealed.

The banking industry’s focus on restructuring of their balance sheets and raising capital has resulted in a lack of loans for the rest of the economy noting that loans in the banking system fell by $803 billion or 10.2% from Q3, 2008 to Q1, 2011. “What is clear is that the banking industry simply stepped out of the economy. It was not providing funds to meet economic needs. It could not do so given the requirements that were layered upon it. This also happened in the 1930s and 1940s when bank loans fell to 15.9% of bank assets and government securities rose to an estimated 61.0%.”

Nontheless, in the worst case scenario under Tarullo’s suggestion some 20 U.S. banks with more than $50 billion in assets would have to have tangible common equity ratios of 14% of assets. To get to this level, which would be $1.386 trillion in dollar terms, they’d have have to raise $755.7 billion, Bove argues.

“This would require selling 35.3 billion new shares of stock. The dilution would be 106.5%. Some companies, like Regions Financial (RF/$6.36/Sell) would be thrown out of business,” he notes.

Bove also took a hard shot at the Fed’s Quantitative Easing program calling it “a miserable failure.” More from Bove’s Fed-bashing note:

The Federal Reserve is buying $600 billion in Treasury Securities under the program’s mandate.

In six months from the end of October last year to the end of May this year, reserves at the Federal Reserve have jumped by $568 billion and there is still one month to go in QE2. Net free reserves in the system rose by $532 billion.

These numbers indicate that the banking system never put the QE2 money to work in the economy. They simply redeposited it back in the Federal Reserve itself. However, the new money did have one clear impact. It drove up asset values:

• The S&P 500 has grown by 13.9% from the end of October to the present; the price of oil is up 12.6%; and gold is up 13.2%.
• The annualized rate of inflation in the 4 months to October 2010 as measured by the CPI was 1.4%; the annualized rate in the first four months of this year has been 10.5% (the economy was growing in October of last year and it is slowing now).

But no need to worry because Tarullo’s suggestion is so “absurd” that it’s unlikely to even happen, Bove says.

Well, he actually put it more harshly:

No other country in the world, except perhaps Switzerland, is likely to lose all sense of reality as Mr. Tarullo has. The United States will not get unanimity for this decision anywhere but in the academic halls of the U.S. Federal Reserve.

I unfortunately believe these people may have lost their minds just as the U.S. Congress did when it passed the Dodd/Frank Act. However, the proposal may be taken seriously by investors. If so it spells danger for bank stocks. This is because it is likely that some form of this inane proposal may actually be put in place.’ ‘ ]

Stock Market Losing Streak Hits Five Days at The Wall Street Journal 

RALLY FADES, DOLLAR SMASHED, NO HELP FROM BERNANKE: Here's What You Need To Know Business Insider

Top 3 Reasons Markets Crashed After Bernanke Spoke Wall St. Cheat Sheet June 7, 2011 ‘Markets closed down on Wall Street: DJI -0.16% SP500 -0.1% Nasdaq -0.04% Gold - 0.19% Oil  0.74% .

On the commodities front,  Oil (NYSE:USO) put on another dollar to close at $98.74, while precious metals were mixed with  Gold (NYSE:GLD) was down slightly to $1,546 and  Silver (NYSE:SLV) up 1.15%.

Today’s markets were down because:

1) Bernanke admitted the economy was slowing. Well, he admitted it then said he thinks growth will be back soon. Don’t worry, soon. Although lustful traders were hoping for some huge QE3 announcement, Bernanke still gave us more QE 2.5 where the Fed will continue buying securities and accommodating the financial markets as needed. Can someone say, ZIRP?

2) E3 took the baton from Apple. Yesterday Apple held the tech spotlight, but today the exciting video game sector was front and center. Microsoft (NASDAQ:MSFT), Sony (NYSE:SNE), Nintendo and all the big game makers started pulling back the curtain on what gamers will die for during the holiday season (Check Out: E3 Wrap Up. And the Winners are …). That’s 180 degrees away from former tech darling Research in Motion (NASDAQ:RIMM) which keeps crashing and burning.

3) Another Economic Advisor gone. Austan Goolsbee will be leaving his position as chairman of the White House’s Council of Economic Advisers. Wall St. Cheat Sheet Assistant Editor Emily Knapp explores the deeper question, “Why is Obama’s Economic Team Bailing Out?” …’

Bernanke Says Slow Recovery 'Frustrating,' Sticks To Second-Half Optimism at Forbes

The US Debt Limit is Out of Control – Exclusive with Liz Claman Wall St. Cheat Sheet ‘The US is drowning in red ink … and it keeps getting worse. I caught up with Fox Business anchor Liz Claman to get a Cheat Sheet for crazy government spending:

Damien Hoffmna: Liz, politicians seem to be treating the debt limit like a joke — we’ve been raising it for decades. How can we get drunken sailors to limit the bottles at the bar?

Liz Claman: I wouldn’t say anyone in Washington is treating it like a joke. They’re truly nervous about it because they don’t know what will happen if we don’t raise the debt ceiling. What I would say is that neither side is getting serious at ALL about cutting spending. The Republicans said, “We’ll raise it but only if you marry that with spending cuts.” They started out strong.

Rep. Paul Ryan came up with a good starting point but Democrats pounced on it saying it would cut too much from Medicare/Medicaid. His Republican brethren were fine with it until they heard from their constituents who flipped out, yelling, “Why should our Medicare get cut? Tax the wealthy.” In the end, everyone wants to get reelected instead of doing the right — and obviously painful — thing. Cut Medicare and Medicaid…’ [ How ‘bout the obvious, unpainful thing; viz., prosecute the big frauds on wall street and get disgorgement in the hundreds of billions (though the ongoing extant fraud is in the trillions. ]

How the Second-Mortgage Crisis is Gaining MomentumWall St. Cheat Sheet

Down Goes Asia? at Minyanville  Lloyd Khaner Jun 07, 2011 ‘The threat of a meltdown in Asia is just one of 19 worries facing investors this week. ‘LLOYD'S WALL OF WORRY The debt crisis in Europe is causing waves in Asia, where major clothing and electronics makers, and others who rely on a strong Eurozone market, are seeing share prices drop or wobble. At home, the US debt ceiling problem is quickly becoming "a lose-lose situation," and other issues -- the housing crisis, unemployment and the fast-approaching end of QE2 -- have investors "freaked." So this week Lloyd's Wall of Worry remains high, at 19 blocks. New fears -- the risk of a catastrophic policy mistake, and the possibility of a meltdown in Asia -- have replaced last week's concerns about currencies and the IMF…:
QE II: My wife says what’s all the hub-bub about the QE II? “It’s a really lovely ship. With bingo on the Lido deck and lots of well dressed people with cool accents from all over the world.” God, I love that woman!

U.S. ECONOMY: Let’s not have everyone panic because we got one or two -- or six  -- weak economic reports. Though hopefully a few key people will panic and “FIX IT!” (From the 2:18 mark.)

UNEMPLOYMENT: “The long and winding road, that leads, to your door…” from the unemployment office. Getting sad and tough and mean and nasty and real out there.

U.S. DEBT CEILING: No doubt about it, we are rapidly building another “lose-lose” situation here. We don’t raise it, we lose credibility. We do raise it, we lose credibility.

INVESTOR SENTIMENT: The professional traders are so freaked that they’re wearing straight jackets to work. Amateur traders would do the same but they lost theirs trading against the pros.

HOUSING CRISIS: I’d say let’s just hit the fast forward button to the end of this mess, but I’m afraid that at my age I would look ridiculous in the Mad Max-wear we’re all destined to be donning.

INFLATION: India, strong in many ways but not known to be #1 in any one economic sector until now. It has just landed that coveted top spot as the Asian economy with the highest inflation, fueled by an estimated average salary increase of 13% in 2011.

STOCK MARKET TECHNICALS: Went to one of those Spiritual Readers and Advisors to get the answer to this technical mayhem. I was next in to meet with “Wilomena of Wall Street” when my appointment got canceled. She picked up 1,000 LinkedIn IPO shares and flipped them, thus declaring huge profits and retirement. The market mystery continues.

FLOODS, TORNADOES, VOLCANOES: Massachusetts takes a massive tornado in the chops!?! This ain’t just weird. It’s wicked pissah weird!

OIL PRICES: Frack This! Frack That! Frack Me! Frack You! Pardon my language but I’ll say anything to get the fracking price of oil down.

ARAB SPRING: Don’t look now but spring is about to turn to summer. Summer can be warm, sunny and bright or hot and blazing with fight. As the Zen Master says, “We’ll see.”

LIBYA: Congressional patience running short, our involvement running long. Bad combo.

JAPAN: It may be an island physically but with the third largest economy in the world, it isn’t an island economically.

CHINA: Four interest rate hikes plus eight reserve increases equals twelve taps on the economic brakes. Let’s hope lucky  No. 13 doesn’t slip into a stomp that gives all of us whiplash.

ASIAN ECONOMIES: Channeling the voice of the legendary sportscaster Howard Cosell, “Down goes Asia! Down goes Asia! Down goes Asia!”

MARGIN DEBT: It’s high, too high. And it’s in weak hands, too weak.

SOVEREIGN DEBT: Playing our like a Greek tragedy, with real Greeks, real tragedy and every economic player in the world as the chorus. I hereby dub thee, “The Defaultedes!”

COMMODITIES: You know the market is rough when even the most manipulated financial assets in the world can’t be artificially spiked skywards.

POLICY MISTAKE: Like walking a tight rope carrying a tray of pyramid-stacked champagne glasses during hurricane season without net. The world’s major economic powers cannot afford even a slight slip-up. I can’t watch…’

China May Dump Dollar USA Today & CNBC | The dollar fell to a one-month low against a basket of currencies on Tuesday .

Gold firms as dollar slides to one-month low Reuters | Gold firmed on Tuesday as the dollar slid to a one-month low

GM chief pushing for higher gas taxes Detroit News | Dan Akerson wants the federal gas tax boosted as much as $1 a gallon,

IMF rolls out $3 BLN bailout to push Mubarack’s men to top of pyramid International bankers are preparing to hand out a massive loan to Egypt’s temporary leaders, just months after praising the financial growth overseen by the FORMER regime.

Comex Physical Silver Drops To Fresh All Time Low Of 28.8 Million Ounces, 3% Drop Overnight, 30% Drop In Six Weeks When we first started paying attention to the physical (“Registered”) silver held in COMEX warehouses on April 20 following the explosion in the silver price, the total amounted to just over 41 million ounces.

Daily economic briefings disappear from Obama’s White House schedule At some point during the first two years of his administration, President Obama stopped receiving the daily economic briefing that he requested when he took office.

True Cost of Fannie, Freddie Bailouts: $317 Billion, CBO Says The Congressional Budget Office (CBO) says the real cost of the federal government guaranteeing the business of failed mortgage giants Fannie Mae and Freddie Mac is $317 billion — not the $130 billion normally claimed by the Obama administration. Goldman Sachs subpoenaed Report says firm’s mortgage-related investments enabled the company to profit while clients lost money. (Washington Post) [ Their stock was down. Why? No mystery there on fraudulent wall street that they’ve got plenty to hide; and, certainly far more beyond the scope of the subpoena. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed… an especially great opportunity to sell / take profits while you still can since there's much worse to come! America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog/ Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billiions from the fraud ). UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.

‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

Selling In May Is Very Good Advice This Year Harding / Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart.

Defacto bankrupt, fraudulent america also spends more on military spending than all the nations of the world combined... federal employees / contractors, cia, all 3 branches of the u.s. government, etc., are included in this evolved american trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ).

ECONOMIC CRISIS ARCHIVE

National / World

Obama's rating on economy hits new low: poll (Reuters)

Obama: No fears of double-dip recession (AP) [He’s so ‘brave’, he has no fear; and, after all, look at all his wars … yet, reality reality proves he’s all b***s***, that ‘wobama the b’(for b***s***). Daily economic briefings disappear from Obama’s White House schedule (I personally believe wobama doesn’t understand economics.) Madoff employee pleads guilty Documents charged Eric Lipkin, a former employee, with helping Madoff perpetrate his epic Ponzi scheme. (Washington Post) [ ‘Tiny taters’! Yet, there are loads of such fraudulent interrelationships on fraudulent wall street, part and parcel of the last and ongoing ubiquitous fraud; albeit too big to fail or jail despite intimations to the contrary. Goldman Sachs subpoenaed Report says firm’s mortgage-related investments enabled the company to profit while clients lost money. (Washington Post) [ Their stock was down. Why? No mystery there on fraudulent wall street that they’ve got plenty to hide; and, certainly far more beyond the scope of the subpoena. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed… an especially great opportunity to sell / take profits while you still can since there's much worse to come! America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog/ Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billiions from the fraud ). UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.

‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

Scam artists run amok Double-digit profits in one day from short-sale investing? It’s a sign of fraud, not market savviness. (Washington Post) [ Wow! Separating the wheat from the chaff in terms of fraud on wall street is, owing to pervasiveness, a job that even Mr. Phelps of ‘Mission Impossible’ fame couldn’t handle. After all, what isn’t fraudulent on wall street today? Nothing … nada … zed … zero. Report: SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book Goombata: The Improbable Rise and Fall of John Gotti and His Gang John Cummings (Author), Ernest Volkman (Author) Though having but 5% of the world’s population, u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:

Major Swiss Newspaper Gives Bilderberg Front Page Coverage Steve Watson | An influential Swiss daily newspaper has today awarded front page coverage to stories on this week’s secretive elite Bilderberg meeting.

Top Bilderberger: Eurozone Collapse Threatens Global Currency Agenda Paul Joseph Watson | Harvard Professor reveals globalists are panic-stricken about Greece debt default threat to survival of single currency.

Are Ridiculous Airport Security Measures Killing Airline Profits? The American Dream | Over the past couple of years, the attitude of U.S. consumers towards flying has shifted dramatically.

Whole Foods admits its organic foods contain genetically modified ingredients Natural News | Genetically modified foods have become so ubiquitous in the US that even the grocery store ‘Whole Foods’ now admits it cannot keep biotech foods off its shelves.

10 Tipping Points Which Could Potentially Plunge The World Into A Horrific Economic Nightmare The Economic Collapse | The global economy has become so incredibly unstable at this point that it is not going to take much to plunge the world into a horrific economic nightmare.

Drone surveillance in the US? Alex Jones says ‘the whole world is in danger’ RT | As the US plans to increase drone aircraft usage abroad, now law enforcement in the States is getting ready to adopt robotic planes back home for surveillance purposes.

Proposed New Airport Checkpoints Include Iris Recognition, In Built Full body Scanners Anyone whose behaviour raised concern – such as a passenger buying a one way ticket in cash – would go through a different channel which would also feature a full body scanner.

Dollar Index at 1-Month Low as China Warns on US Assets The dollar fell to a one-month low against a basket of currencies on Tuesday and a record low against the Swiss franc after a Chinese official said the greenback would continue to weaken versus other major currencies.

Obama’s rating on economy hits new low: poll Americans’ disapproval of how President Barack Obama is handling the economy and its growing budget deficit has reached new highs amid broad frustration over the slow pace of economic recovery, according to a Washington Post-ABC New poll released on Tuesday.

Top Bilderberger: Eurozone Collapse Threatens Global Currency Agenda A top Bilderberg member has revealed that globalists are panic-stricken about a potential eurozone crisis caused by a Greek debt default that could precipitate the collapse of the Euro and also derail the wider agenda for multi-regional currency unions and eventually a global currency system.

10 Tipping Points Which Could Potentially Plunge The World Into A Horrific Economic Nightmare The global economy has become so incredibly unstable at this point that it is not going to take much to plunge the world into a horrific economic nightmare.

Drone surveillance in the US? Alex Jones says ‘the whole world is in danger’ As the US plans to increase drone aircraft usage abroad, now law enforcement in the States is getting ready to adopt robotic planes back home for surveillance purposes. While drone usage is expected to be expanded in America by 2013, Infowar’s Alex Jones says that in some states it has already been happening for years. All misquotes are not created equal For politicians, the power of a historic quote is alluring. Whether it has to be accurate is another thing. Fact Checker: Sarah Palin’s midnight ride (Washington Post) [ Yeah! She’s all that … dumb! The joke that keeps on giving … particularly to SNL among other late-night comic fare … yet, the ‘pizza klatch’ with the other fake reality show joke that keeps on giving, t_rump, part of that new york / new jersey metro sinkhole, made for the 2 for 1 comedic concentration that was ‘free-for-all’ … to see. Why we read Palin’s tell-all The underlying interest says something more primal than simply our fascination with Mama Grizzly. (Washington Post) [ I’d say it’s more of a curious fascination with the ‘new american dumb’. After all, who can deny the boost she got from SNL’s Tina Fey’s impresarios highlighting same. Yet, in comparison with and juxtaposed to the rest of the Washington field (mccain, bush, wobama, et als), she’s got plenty of cover / camouflage. Send to a friendSarah Palin: Don't pick on Donald Trump Politico - Even though Donald Trump has wholeheartedly embraced the wall-to-wall media coverage that's come with his promotion of the widely discredited “birther” issue, Sarah Palin argued Tuesday that the press is treating him ... Trump's business success claims questioned CBS News ‘…Trump hotels and casinos in Atlantic City have filed for bankruptcy protection three times. While Trump blamed market forces, he has long been chairman of the board for the casino businesses.In his defense, Trump said he "didn't run the company." Isikoff then asked why he was paid $2 million per year to chair the board of that business. Trump replied: "Excuse me. Because I'm a genius, okay."Trump said many different businesses license the use of his name, but he's not directly involved in their operations.Casinos have not been the only weakness in the Trump empire. There have been many high profile bankruptcy filings, bad real estate deals, and a trail of ongoing lawsuits accusing him of bad business practices.Another questionable move was "Trump University," an online, for-profit business education firm. The attorney general in Texas ordered him to stop using the word "university" in its title. Trump said his company was unaware of restrictions on the use of that word.Isikoff also said he asked Trump if he thought the state of Hawaii was lying in regards to Obama being born there, and he did not answer the question. In summation of his experiences that qualify him to be President of the United States, Trump told Isikoff: "My successes...have been vast. I don't even view myself as having failures, and I certainly learned from things that don't work out as well." ‘ As Trump rants, TV ratings slide Tampabay.com Parker: The GOP plays a crazy Trump card (Washington Post) [ I don't know what polls Ms. Parker's referring to; but unless she's referring to mobster trump apprentice news (trump was fired from his own casino company), that certainly doesn't comport with polls I've read. Moreover, like palin, trump's the joke that keeps on giving (for SNL, late-night talk hosts, etc.) ...’ ‘The picture was of me, and I sent it’ In an extraordinary reversal at an extraordinary news conference, N.Y. Rep. Anthony Weiner said that he had in fact sent multiple inappropriate messages to multiple women but that he had done nothing illegal and would not resign. (Washington Post) [ Yes, indeedy! It was Tony’s weeny! Anthony’s Weiner! Drudgereport: WHACKED, NOT HACKED!
'Used govt. resources'...
Breitbart: 'I Want To Hear Truth'...
6 'inappropriate' relationships...
ABCNEWS: Mystery Woman Revealed...
HER STORY...
Risqué Online Chats, Photo Swaps...
SLIDESHOW...
VIDEO: 'Web of lies'...
TWITTER TEARS: WEINER ADMITS
REPORT: Woman claims to have 200 explicit messages from NY Dem...
IT MIGHT BE MY WEINER! REPORT: WEINER'S TALE UNRAVELING... By Daniel Libit Sunday, June 5, 2011 ‘As the world has attempted to make sense of Rep. Anthony Weiner’s claim that his Twitter account was hacked, a key clue has been missing: exactly how the notorious groin pic was posted online. But according to data provided exclusively to The Daily from TweetCongress.org, a nonprofit website that captures each member of Congress’s Twitter feeds in real time, the shot seen round the world was transmitted using TweetDeck — a popular Adobe desktop application that links up with social networking sites. A review of Weiner’s Twitter stream from May 27, the day of the crotch pic, shows that Weiner had been posting only from TweetDeck — one of many ways to post messages to Twitter — that entire night. Chet Wisniewski, a senior security adviser at security software company SophosLabs, said the TweetDeck stamp “does make it more plausible that it did come from him.” Weiner used TweetDeck frequently, but he often also posted from the Web directly or from his BlackBerry. A widely circulated explanation for how Weiner’s Twitter account could have been hacked by email would also seem to be incompatible with the fact that the message in question originated on TweetDeck. If email had been used, the message probably would have originated via the photosharing site Yfrog, where the infamous picture was posted …’ [ Weiner admits he sent lewd picture; won't quit (AP) - After days of denials, a choked-up Rep. Anthony Weiner confessed Monday that he tweeted a photo of his bulging underpants to a young woman, and he also admitted to "inappropriate" excha...’ Tearful US congressman admits to crotch photos (AFP) ]
'This Could Be The End For Him'...
'Have You Ever Taken A Picture Like This Of Yourself?'...
WEINER CALLS COPS ON CBS WASHINGTON (CBSNewYork) — ‘Congressman Anthony Weiner said Thursday he’s finished talking about the lewd photo sent from his Twitter account.But he still wouldn’t say whether he’s the one in the picture.So CBS 2 political reporter Marcia Kramer decided to go to his office on Capitol Hill to try to get you some answers.You’ll never believe what happened.Kramer tried to get an interview with the six-term New York Democrat and as a result had the cops called on her.Kramer walked in to Weiner’s office, announced herself as being from CBS 2 in New York City and said she’d like to see the congressman. Those few words created quite the stir. Doors slammed and people pretended she wasn’t there ...’ Weiner’s efforts don’t cool furor The congressman said that he didn’t send a lewd photo on Twitter but also that he couldn’t “say with certitude” whether the image was of his own crotch. (Washington Post) [ ‘Weiner’s weiner’! ‘Not cool furor’ … how ‘bout just plain ‘not cool’. Eh … what can you expect from national drain / sinkhole new york (new york / new jersey metro). I haven’t read but probably agree with the following article: Listen up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr. Milbank weighs in: ‘The Weiner roast Congressman finds himself in a fight he does not relish.’ Report: SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book Goombata: The Improbable Rise and Fall of John Gotti and His Gang John Cummings (Author), Ernest Volkman (Author) Though having but 5% of the world’s population, u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:

Democratic change in Bahrain does not serve US interests: Kissinger Former US secretary of state Henry Kissinger emphasized that a democratic change in Bahrain did not serve the interests of his country, highlighting once again the western double standard towards the Arab revolt, the daily Die Welt reported Monday. Poll: Support for Afghan war rises Finding may give Obama breathing room as he decides how many troops to withdraw from in July. (Washington Post) [ Ah, riiiiight! Living proof that americans are not only dumb as h**l, but masochistic as well! After all, pervasively corrupt america is defacto bankrupt, with all that that portends for americans in the most negative sense. Drudgereport: TEMPLETON chairman: Financial Crisis 'Around Corner'... 'WE ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...' ECONOMIC 'HORROR' AS DATA PLUNGES Dow Has Longest Weekly Slump Since '04... Housing prices fall 'beats Great Depression slide'... . Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Senate Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a hard place called Afghanistan; indeed they are. [Pakistani troops, NATO helicopters engage in firefight 6th soldier charged in plot to kill Afghan civilians (WaWP) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan FLASHBACK: Editorial: US in quagmire War in Afghanistan and Iraq costs America $1trillion Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ignore cases that involve black defendants and white victims Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Are Ridiculous Airport Security Measures Killing Airline Profits? Over the past couple of years, the attitude of U.S. consumers towards flying has shifted dramatically. Once upon a time most Americans looked forward to flying, but thanks to rising airfares, horrific fees and ridiculous airport security measures that has changed.

FDA sends US marshals to seize elderberry juice concentrate, deems it ‘unapproved drug’ Wyldewood Cellars, a Kansas-based producer and distributor of elderberry juice, is the latest raid target of the US Food and Drug Administration (FDA), which recently sent US marshals to the company’s winery in Mulvane to confiscate the “unapproved drug.”

Japan Finally Admits TOTAL Meltdown at 3 Nuclear Reactors Within Hours of Earthquake … And More Than DOUBLES Estimate of Radiation Released After Accident For months, Tepco and Japanese officials refused to admit that there had been any meltdowns at Fukushima.

Israeli forces kill 18 protesters: Syrian TV (Reuters)

Drudgereport: TEMPLETON chairman: Financial Crisis 'Around Corner'...
'WE ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...'
ECONOMIC 'HORROR' AS DATA PLUNGES
Dow Has Longest Weekly Slump Since '04...
Housing prices fall 'beats Great Depression slide'...

Bove: Fed Is Clueless On Bank Regulations at Forbes Halah Touryalai [ ‘..QE2 was a boondoggle for investors in financial instruments but had no impact on the economy ‘ . Yeah! Boondoggle, fraud, ongoing fraud / coverup in the trillions (The Real “Margin” Threat: $600 Trillion In OTC Derivatives, A Multi-Trillion Variation Margin Call, And A Collateral Scramble That Could Send US Treasurys To All Time Records… ) … I’d say that’s putting it mildly. ] ‘A speech on Friday by Federal Reserve Governor Daniel Tarullo has bank analyst Dick Bove up in arms.

In a 12-page note yesterday, the Rochdale Securities analyst said Tarullo’s suggestion on Friday that systemically important financial institutions (SIFI) should increase their capital ratios by 20% to 100% above current levels is “a perfect example of what is wrong” with the Fed’s approach to the banking system.

From the note:

The suggestions being made indicate that the Fed has no understanding:

· Of what caused the financial collapse

· The current structure of the banking industry’s balance sheet

· How banks interact with the economy

· Why QE2 was a boondoggle for investors in financial instruments but had no impact on the economy

When the Fed should have been tightening restrictions on the banks over the past decade, it loosened them. Now that the economy is either in a pause or slowing down and the Fed should be easing restrictions on the banks, it is tightening them. As a consequence, there is now $1.5 trillion dollars sitting in the Fed earning virtually nothing while unemployment rises and the economy falters.

It is simply incomprehensible that this nation can be so poorly served by those people who should be expected to know what they are doing. Mr. Tarullo’s remarks are so totally absurd that it is difficult to assume that they will ever be heeded.

Raising banks’ capital ratios will have a horrific impact on the economy and one similar to 1937 when the Fed increased reserve ratios twice sending the U.S. back into Depression, Bove argues.

Tarullo said in his speech that he wants the new capital to come from common equity which means banks would likely have to raise the money by issuing new common shares. Bove thinks that’s absurd because banks have already upped their tangible common equity (TCE) as a result of post-financial crisis regulatory pressure.TCE is at 8.56% of assets, the highest in 76 years, he says.

Based on the actual data, going back 76 years, the actions of the banks in the past three years have created one of the safest and soundest banking systems in American history. The Federal Reserve:

· Does not believe this

· It has simply not looked at the historical numbers, or

· It sees a financial disaster brewing that has yet to be revealed.

The banking industry’s focus on restructuring of their balance sheets and raising capital has resulted in a lack of loans for the rest of the economy noting that loans in the banking system fell by $803 billion or 10.2% from Q3, 2008 to Q1, 2011. “What is clear is that the banking industry simply stepped out of the economy. It was not providing funds to meet economic needs. It could not do so given the requirements that were layered upon it. This also happened in the 1930s and 1940s when bank loans fell to 15.9% of bank assets and government securities rose to an estimated 61.0%.”

Nontheless, in the worst case scenario under Tarullo’s suggestion some 20 U.S. banks with more than $50 billion in assets would have to have tangible common equity ratios of 14% of assets. To get to this level, which would be $1.386 trillion in dollar terms, they’d have have to raise $755.7 billion, Bove argues.

“This would require selling 35.3 billion new shares of stock. The dilution would be 106.5%. Some companies, like Regions Financial (RF/$6.36/Sell) would be thrown out of business,” he notes.

Bove also took a hard shot at the Fed’s Quantitative Easing program calling it “a miserable failure.” More from Bove’s Fed-bashing note:

The Federal Reserve is buying $600 billion in Treasury Securities under the program’s mandate.

In six months from the end of October last year to the end of May this year, reserves at the Federal Reserve have jumped by $568 billion and there is still one month to go in QE2. Net free reserves in the system rose by $532 billion.

These numbers indicate that the banking system never put the QE2 money to work in the economy. They simply redeposited it back in the Federal Reserve itself. However, the new money did have one clear impact. It drove up asset values:

· The S&P 500 has grown by 13.9% from the end of October to the present; the price of oil is up 12.6%; and gold is up 13.2%.

· The annualized rate of inflation in the 4 months to October 2010 as measured by the CPI was 1.4%; the annualized rate in the first four months of this year has been 10.5% (the economy was growing in October of last year and it is slowing now).

But no need to worry because Tarullo’s suggestion is so “absurd” that it’s unlikely to even happen, Bove says.

Well, he actually put it more harshly:

No other country in the world, except perhaps Switzerland, is likely to lose all sense of reality as Mr. Tarullo has. The United States will not get unanimity for this decision anywhere but in the academic halls of the U.S. Federal Reserve.

I unfortunately believe these people may have lost their minds just as the U.S. Congress did when it passed the Dodd/Frank Act. However, the proposal may be taken seriously by investors. If so it spells danger for bank stocks. This is because it is likely that some form of this inane proposal may actually be put in place.’

Goldman Sachs subpoenaed Report says firm’s mortgage-related investments enabled the company to profit while clients lost money. (Washington Post) [ Their stock was down. Why? No mystery there on fraudulent wall street that they’ve got plenty to hide; and, certainly far more beyond the scope of the subpoena. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed… an especially great opportunity to sell / take profits while you still can since there's much worse to come! America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog/ Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billiions from the fraud ). UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.

‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

Selling In May Is Very Good Advice This Year Harding / Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart.

Defacto bankrupt, fraudulent america also spends more on military spending than all the nations of the world combined... federal employees / contractors, cia, all 3 branches of the u.s. government, etc., are included in this evolved american trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ).

Meredith Whitney Adds 10 New States To Her Sh*t List Bess Levin ‘ The Dollar Dominatrix has issued a new state budget and debt report and Arizona, Nevada, Connecticut, Wisconsin? Might want to run. (Also, re last year’s prediction on muni bond defaults- she was just ball-parking, no one should’ve taken those numbers at face value.)

Whitney tells Fortune she never meant to make more than a general forecast. “I never intended on framing the scale of defaults as a precise estimate, but I continue to believe that degree of municipal defaults will be borne out over the cycle. I meant to point out that the state debt problem is a massive headwind for the U.S. economy, second in importance only to housing.”

[...]

Whitney’s latest report is even more thorough than last year’s analysis that started the uproar. It covers 25 of the largest states, adding ten new ones to the list, including Arizona, Nevada, Connecticut, and Wisconsin. The problem starts with spending. Since 2003, state governments have raised annual outlays from $1.5 trillion to almost $2.2 trillion, or $700 billion, yet tax receipts have risen only $400 billion or $300 billion less, to $1.4 trillion. In fact, spending kept surging all during the recession, while income from sales, income and corporate taxes went totally flat in 2007.

M-Dubs doesn’t put everyone on notice, however. Whereas Connecticut receives one whip of the cat-o-nine-nails for every dollar over budget, Indiana, which gets a pat on the head and a scratch behind the ears, is dubbed a “model citizen.”

Meredith Whitney State Finances Are Worst Than Estimated [Fortune via Katie Benner] ‘

Economic news breaks Obama’s momentum Just as things seemed to be swinging in his favor, a weak jobs report and a renewed drop in housing prices present new challenges to reelection bid. (Washington Post) [ Momentum? … What parallel universe are these people living in. Wobama’s already a failed president. Like ‘unringing a bell’, wobama’s failed presidency cannot be undone. After all, his undoing was his own doing; the minute he began reneging on campaign promises which were made because they needed doing. But, clearly, wobama’s not alone in his failure: Milbank: Congress clocks in to clock out (WP) [ ‘... In a sense, the Senate has been in a pro-forma session all year…’ Now who’s being charitable … I’d say Mr. Milbank in his euphemistic description supra as well as his unflinching defense of wobama the b (for b***s***) despite wobama’s reneging on virtually all his campaign promises / rhetoric to the nation’s unequivocal detriment. It is Mr. Milbank, journalistically speaking, who as well clocks in to clock out. Simply put, wobama is nothing less than the worst of the democratic platform combined with the worst of the republican platform. At near single digit approval rates for congress, I find it difficult to imagine a realistic approval rate for wobama exceeding same. Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Senate Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a hard place called Afghanistan; indeed they are. [Pakistani troops, NATO helicopters engage in firefight 6th soldier charged in plot to kill Afghan civilians (WaWP) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan FLASHBACK: Editorial: US in quagmire War in Afghanistan and Iraq costs America $1trillion Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ignore cases that involve black defendants and white victims Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Scam artists run amok Double-digit profits in one day from short-sale investing? It’s a sign of fraud, not market savviness. (Washington Post) [ Wow! Separating the wheat from the chaff in terms of fraud on wall street is, owing to pervasiveness, a job that even Mr. Phelps of ‘Mission Impossible’ fame couldn’t handle. After all, what isn’t fraudulent on wall street today? Nothing … nada … zed … zero. Report: SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book Goombata: The Improbable Rise and Fall of John Gotti and His Gang John Cummings (Author), Ernest Volkman (Author) Though having but 5% of the world’s population, u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:

Focus Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline and fall. Global information exchange at lightning speed has made such throwbacks to a lost era, propaganda, and maladaptive traits foolish at best, deadly at worst. Intelligent people worldwide aren’t buying the obsolete, Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc..; more specifically, diversion of the masses from the glaring failures of leadership, economic and otherwise.

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Will the Fed do QE3? As soon as the disappointing jobs report crossed the wires, the Wall Street chatter began to speculate. (Washington Post) [ Well, we all know that nothing succeeds quite like failure in america; you know, that new normal for pervasively corrupt, defacto bankrupt america. Yes, we all know that QE has been a dismal and costly failure unless the measure of success is the increased wealth of the frauds on wall street; after all, as with this still extant financial crisis (toxic assets/paper/securities cashed out and still out there in the trillions though now marked to anything as per legislated mandate / complicity / FASB rule change) , your dollars actually and ultimately financed their ill-gotten gains which never seem to translate into the promised job, economic gains and go on despite well-founded, prominent warnings that the same will not succeed and have, as warned, exacerbated that which was meant to be cured. JOBS REPORT MUCH WORSE THAN EXPECTED! Previous day: Economic outlook hinges on jobs report Beware the next big fraud When will we see the next big fraud and a massive burst in the secondary markets bubble? Not soon enough, I fear. (Washington Post) [ Next? How ‘bout we’re still in the midst of that continuing multi-trilliion dollar fraud marked to anything … The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed), Billion Dollar Fund Managers Agree: The Government Never Fixed the Underlying Economic Problems, So We’ll Have Another Crash infowars.com While the snake oil salespeople at the retail investing level and the bobble heads on the kool aid selling financial channels have been saying for years that we’re in a “recovery” (albeit a slow one), billion dollar fund managers say that nothing has changed and we’ll have another crash … Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud ). Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come! America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart.] ]

20 Questions To Ask Anyone Foolish Enough To Believe The Economic Crisis Is Over The Economic Collapse | We are still in the middle of a full-blown economic crisis and things are about to get even worse.

Street Extends Losing Streakat Forbes

Minyanville's T3 Daily Recap: Market Slammed Again, Led Down by Chinese Stocks at Minyanville

[video]Market Slams a Lacking Jobs ReportTheStreet.com TV ‘A deeply disappointing non-farm payrolls report has put the brakes on the recovery.’

Bill Gross Holds His Ground: Treasuries Will Burn You...Slowly

Economic Risk Continues to Increase

Global Markets Staring Into the Abyss

Dollar, Safe Haven No More? at The Wall Street Journal Leivisohn ‘Is the dollar’s safe haven status a thing of the past? [Yes!] It was for at least one week, according to Nomura currency strategist Jens Nordvig. In a report this morning, Mr. Nordvig noted that the recent strong tendency of the dollar and the S&P 500 to move in opposite directions was nowhere to be seen last week, even as the S&P 500 dropped for the fifth consecutive week…’

http://finance.yahoo.com/news/This-Employment-Ratio-34-Year-wscheats-2271160620.html?x=0&.v=1 This Employment Ratio is at a 34 Year Low 1 Wall St. Cheat Sheet June 3, 2011 ‘A disappointing increase of only 54,000 jobs was accompanied by an unemployment rate for May of 9.1%, up from the previous month’s 9.0%. The briefing.com consensus was for 9.0% and their own estimate was for 9.1%. The employment-to-population ratio is hovering around levels first seen in November 1977.

Here is the lead paragraph from the Employment Situation Summary released this morning by the Bureau of Labor Statistics:

Nonfarm payroll employment changed little (+54,000) in May, and the unemployment rate was essentially unchanged at 9.1 percent, the U.S. Bureau of Labor Statistics reported today. Job gains continued in professional and business services, health care (NYSE:XLV), and mining (NYSE:XLB). Employment levels in other major private-sector industries were little changed, and local government employment continued to decline.

The unemployment peak for the current cycle was 10.2%, one year ago in October 2009. The chart here shows the pattern of unemployment, recessions and both the nominal and real (inflation-adjusted) price of the S&P Composite (NYSE:SPY) since 1948.

Unemployment is usually a lagging indicator that moves inversely with equity prices (See first chart below). Note the increasing peaks in unemployment in 1971, 1975 and 1982. The inverse pattern becomes clearer when viewed against real (inflation-adjusted) S&P Composite, with its successively lower bear market bottoms. The mirror relationship seems to be repeating itself with the current and previous bear markets.

Chart http://dshort.com/charts/unemployment-SP-Composite-since-1948.gif

The second chart shows the unemployment rate for the civilian population unemployed 27 weeks and over. The May number is 4% — down from December’s adjusted 4.1%. This measure gives an alternate perspective on the relative severity of economic conditions. As we readily see, this metric is significantly higher than the peak in 1983, which came six months after the broader measure topped out at 10.8%.

Chart http://dshort.com/charts/unemployed-27-weeks-SP-Composite-since-1948.gif

The inverse correlation between the two series is obvious. We can also see the accelerating growth of two-income households in the early 1980′s. The recent ratio low of 58.2% in November 2010 and December 2009 was a level not seen since August 1983. In fact, those recent lows were almost back to the 58.1% ratio of March 1953, when Eisenhower was president, the Korean War was still underway, and rumors were circulating that soft drinks would soon be sold in cans. The latest ratio, for May 2011, is 58.4%, unchanged from last month.

The employment-population ratio will be interesting to watch going forward. The first wave of Boomers will be a downward force on this ratio. The oldest of them were eligible for early retirement when the Great Recession began, and the Boomer transition to the retirement will accelerate over the next several years.

The third chart is one of my favorites from CalculatedRisk. It shows the job losses from the start of the employment recession, in percentage terms compared to all recessions since 1948. Note the addition of the dotted-line alternative for the current cycle, which shows unemployment excluding the temporary census hiring.

Chart http://cr4re.com/charts/chart-images/JobLossesRecessionMaxMay2011.jpg

The start date of 1948 was determined by the earliest monthly unemployment figures collected by the Bureau of Labor Statistics. The best source for the historic data is the Federal Reserve Bank of St. Louis.

Here is a link to a Google source for customizable charts on US unemployment data (not seasonally adjusted) since 1990. You can compare unemployment at the national, state, and county level.

Doug Short Ph.d is the author of dshort.com.’

9 Reasons Markets Trended Down this WeekWall St. Cheat Sheet 

Peter Schiff: ‘US economy heading for disaster’ “We are heading for a huge disaster,” says Euro Pacific Capital President Peter Schiff. As the US dips from a recession to a depression, Schiff says, America needs to stop borrowing money if they want to prevent driving off the proverbial cliff.

New Decentralized Currency Stimulating Underground Barter Economy New grassroots cyber currency, the Bitcoin, may provide the perfect vehicle to operate outside the establishment economy and snub the all-powerful banking cartels — it’s decentralized, quasi-anonymous, and its supply is regulated by an algorithm to actually create deflation over time.

More Americans Think Economy Will Never Recover The mixed signals regarding the economy’s health are taking a toll.

Ron Paul: “Barack Obama and the big government crowd are destroying our economy” Today, a spokesman for Congressman Ron Paul’s 2012 Republican presidential campaign remarked on the most recent U.S. jobs report and the state of the American economy. See comments below.

Towards a Worldwide Inflationary Depression According to our calculations we have been in an inflationary depression since February of 2009. Everyone looks back on the deflationary depression of the 1930s as a benchmark or a reference.

OPEC Upstaged by Qaddafi in Most-Hostile Meeting Since Gulf War OPEC’s decision on production quotas this week may be complicated by hostilities in Libya as members meeting in Vienna find themselves supporting opposing camps of a military conflict for the first time in 21 years.

Questioned by Paul, Fed denies any interest in gold True to his word to when he met a GATA delegation in Washington a week ago, U.S. Rep. Ron Paul, R-Texas, chairman of the House Subcommittee on Domestic Monetary Policy, has begun asking the Federal Reserve questions about gold swaps.

China Has Divested 97 Percent of Its Holdings in U.S. Treasury Bills China has dropped 97 percent of its holdings in U.S. Treasury bills, decreasing its ownership of the short-term U.S. government securities from a peak of $210.4 billion in May 2009 to $5.69 billion in March 2011, the most recent month reported by the U.S. Treasury.

Ron Paul Interview About Debt Ceiling, Spending Republican presidential candidate Ron Paul talks with Bloomberg’s Al Hunt about the U.S. debt ceiling, U.S. troop withdrawals from Afghanistan, Pakistan and Libya, and Federal Reserve monetary policy.

Bank to suggest CO2 levy on jet, shipping fuel Reuters | The World Bank will suggest a global levy on jet and shipping fuel in recommendations to G20

Teen Unemployment 25 Percent CSM | It’s never been easy being a teenager. Now, try being a teenager looking for work.

We’ve Now Got Depression-Level Unemployment Washington’s Blog | The only jobs we’re creating are military and other public sector jobs.

True Cost of Fannie, Freddie Bailouts: $317 Billion, CBO Says The Congressional Budget Office (CBO) says the real cost of the federal government guaranteeing the business of failed mortgage giants Fannie Mae and Freddie Mac is $317 billion — not the $130 billion normally claimed by the Obama administration.

Goldman Prepares To Fight Carl Levin Allegations Of Massive Housing Short, Will Release Trove Of “Evidence” It Is Innocent The firm is now expected to release its own trove of documents expected to “defend” the firm from the various allegations presented in the Carl Levin 639 page report.

Will The Banksters And The Corpocracy Eventually Own It All? 29 Statistics About Extreme Income Inequality In America That Will Blow Your Mind Today, average Americans have less power relative to the monolithic corporate and governmental institutions that dominate our society than at any other point in U.S. history.

The Real “Margin” Threat: $600 Trillion In OTC Derivatives, A Multi-Trillion Variation Margin Call, And A Collateral Scramble That Could Send US Treasurys To All Time Records… While the dominant topic of conversation when discussing margin hikes (or reductions) usually reverts to silver, ES (stocks) and TEN (bonds), what everyone so far is ignoring is the far more critical topic of real margin risk, in the form of roughly $600 trillion in OTC derivatives.

National / World

Japan Admits Full Meltdowns at All 3 Nuke Reactors After Quake, Tsunami CNN | The announcement will not change plans for how to stabilize the Fukushima Daiichi plant, the agency said.

The Elite’s Plan For Global Extermination Paul Joseph Watson | Webster Tarpley conducts the most detailed study to date of John P. Holdren’s Ecoscience in a bombshell new video interview.

How the empire will prevail: Will Washington Foment War Between China and India? Paul Craig Roberts | Gold and silver will become forbidden possessions, as will guns and a number of books, including the US Constitution.

U.S. Tells Golan Protesters to Show Restraint After 23 Killed Kurt Nimmo | “Provocative actions like this should be avoided,” said State Department after IDF soldiers killed 23 on Sunday.

Prominent Swiss Politician Calls For Arrest of Kissinger at Bilderberg Paul Joseph Watson | Dominique Baettig calls on federal authorities to apprehend former US Secretary of State.

British Foreign Secretary Says Bombing of Libya to Last Beyond Christmas Kurt Nimmo | Independent journalists report truth on the ground in Libya ignored by pro-war corporate media.

Forensic evidence emerges European e.coli superbug bioengineered to produce human fatalities Mike Adams | Keep people sick, deny access to healing herbs and supplements, then profit from suffering at the hands of the global drug cartels.

Five U.S. soldiers killed in attack on base; 18 Iraqis dead in other violence Five U.S. soldiers were killed Monday in a rocket attack at a joint U.S.-Iraqi base in the capital, officials said. It was the largest death toll for the American military in Iraq in a single incident in two years.

NATO jets target Libya state TV Latest reports indicate that NATO-led warplanes have dropped several bombs on the offices of the Libyan state broadcaster in the capital Tripoli.

Gates in Kabul for strategy talks High-level meetings with U.S. and Afghan officials are at a potential turning point in the war. (Washington Post) [ Strategy? Heck, there’s gotta’ be something something about ’u.s. strategy’ that they can like. After all, it’s so amorphous that it can bend to any will, constantly evolving, changing, growing, or, as they say in reality, is non-existent at all. What might they like about ‘u.s. strategy’? Well, for one thing, for america, the u.s. strategy is self-destructive, self-defeating, and contraindicated for everyone; but, pervasively corrupt, defacto bankrupt america’s just too dumb to realize it. Gerson: Gates’s war against defense cuts (Washington Post) [ Wow! Talk about being out of touch … I quess after years at the cia one starts to believe their own b***s*** / propaganda / lies to the point that, as gates, they’ve completely lost touch with reality … Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ … Senate Dems find themselves in a tough spot (Washington Post) [ Tough spot? Like Iraq and a hard place … called Afghanistan … indeed they are … in a tough spot … of their own making … by a wobama prevaricating approach to most all things despite campaign promise that belie their actions, or lack thereof. ] [Pakistani troops, NATO helicopters engage in firefight 6th soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan Jones FLASHBACK: Editorial: US in quagmire War in Afghanistan and Iraq costs America $1trillion Financialization and Our Increasingly Unstable Economy Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

{ In robert gates’ cia-alice-in-wonderland world, a failed defacto bankrupt american banana republic with gunboat diplomacy will do just fine (thank you very much for your wasted tax dollars). }

Thanks to Ron Paul, We Are All Libertarians Now Susan Westfall | “If we believe in having the liberty to exercise our free will and if we believe in smaller government, then perhaps we are all libertarians now.”

Gadahn Call for Gun Violence Merges With Obama’s “Under the Radar” Anti-gun Agenda Kurt Nimmo | Gadahn says Muslims can buy full auto weapons without providing ID at gun shows.

Israeli Soldiers Kill Dozens of Palestinians, Including Woman and Child in Occupied Golan VOANews.com | Israel occupied the Golan Heights in 1967.

British Intelligence: al-Qaeda May Contaminate Food After E.Coli Scare Kurt Nimmo | Terror fear mongers don’t let a good crisis go to waste.

We’ve Now Got Depression-Level Unemployment Washington’s Blog | The only jobs we’re creating are military and other public sector jobs.

NATO Helicopter Attacks Tantamount To Ground Operation: Russian Foreign Minister Novosti | NATO’s actions in Libya are gradually evolving into a land operation.

June 5th Ron Paul Money Bomb – The Revolution vs RomneyCare Ron Paul 2012.com | It’s no secret the Romney campaign thinks no one else can touch their fundraising tally.

Bank of America Gets Pad Locked After Homeowner Forecloses On It WFMY News 2 | Have you heard the one about a homeowner foreclosing on a bank?

World Bank To Suggest Global Carbon Tax on Airline, Shipping Fuel (Paid by You) The World Bank will suggest a global levy on jet and shipping fuel in recommendations to G20 governments later this year on raising climate finance, a senior official said on Sunday.

Riot Police, SWAT Teams Called on Dancers at Jefferson Memorial In addition to the SWAT team, the cops erected a fence around the monument.

June 5th Ron Paul Money Bomb – The Revolution vs RomneyCare The truth is, an overwhelming showing on June 5th would force the establishment pundits to realize what we already know, Congressman Paul is campaigning as a top-tier contender and is a force to be reckoned within the Republican Primaries.

NATO Helicopter Attacks Tantamount To Ground Operation: Russian Foreign Minister NATO’s actions in Libya are gradually evolving into a land operation, Russia’s foreign minister warned on Saturday.

Fukushima Reactor No. 1 more radioactive than ever At the stricken Fukushima nuclear power plant, a robot sent into the building housing Reactor No. 1 on Saturday detected the highest levels of radiation measured since the crisis began on March 11.

Trouble for the Establishment in Europe, Protests Spread to France (Video) Luke Rudkowski reports from the new protests in France. He interviews a stunningly-aware crowd. They truly know the score and what the root problem of the system is: Banskter-Goverment collusion resulting in their enslavement. Great on-the-ground reporting by Rudkowski.

NATO Helicopter Attacks Tantamount To Ground Operation: Russian Foreign Minister NATO’s actions in Libya are gradually evolving into a land operation, Russia’s foreign minister warned on Saturday.

Fukushima Reactor No. 1 more radioactive than ever At the stricken Fukushima nuclear power plant, a robot sent into the building housing Reactor No. 1 on Saturday detected the highest levels of radiation measured since the crisis began on March 11.

Food chain at risk of being poisoned by terrorist groups Food and drink sold in Britain is under a growing threat from terrorist groups which might try to poison supplies, the Government’s security advisers have warned.

US Government/Mossad Agent Voices Support For Obama’s Gun Control Agenda In a new video message, American-born al Qaeda spokesman Adam Gadahn calls on Muslims living in America to carry out deadly one-man terrorist acts using fully automatic weapons purchased at gun shows, and to target major institutions and public figures.

Libya: UK Apache attack helicopters launch first strikes British Apache attack helicopters have been used to strike targets in Libya for the first time, the Ministry of Defence has confirmed.

Gaddafi’s Stolen Billions: Max Keiser Explains ‘Financial Terrorism’ International bankers have reportedly wasted billions of dollars invested by Libyan leader Colonel Gaddafi. The Financial Times says giants like Goldman Sachs were dealing with the dictator’s investments when it needed to plug a hole during the economic crisis. Most of the money has been lost, but with what’s going on in Libya any repayment seems unlikely.

Trouble for the Establishment in Europe, Protests Spread to France (Video) Luke Rudkowski reports from the new protests in France. He interviews a stunningly-aware crowd. They truly know the score and what the root problem of the system is: Banskter-Goverment collusion resulting in their enslavement. Great on-the-ground reporting by Rudkowski.

Israeli forces kill 18 protesters: Syrian TV (Reuters)

Drudgereport: TEMPLETON chairman: Financial Crisis 'Around Corner'...
'WE ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...'
ECONOMIC 'HORROR' AS DATA PLUNGES
Dow Has Longest Weekly Slump Since '04...
Housing prices fall 'beats Great Depression slide'...
CHICAGOLAND: Flash Mobs Attack 2 Men...
TAX FURY IN ATHENS AS GOV'T FACES DEBT
'Bankrupt' claim heightens Spanish debt fears...
9.1%
MAY JOBS: +54,000...
MCDONALD'S hired half...
Fears stoked of a 'double-dip'...
CBO: True Cost of Fannie, Freddie Bailouts $317 Billion, Not $130 Billion Obama Claims...
Taxpayers Still Bailing Out Banks...
WH: 'Bumps on the road to recovery'...
O gets booed...
LET'S GOLF ABOUT IT
China Divests 97% of Holdings in US Treasury Bills...
DOOM: More Americans Think Economy Will Never Recover...
GOP sees Obama as increasingly beatable...
Recovery Languishing as Americans Await Signal of Better Times...
Congress Delivers Obama 'Stunning Rebuke on Libya'...
Weiner withdraws from speaking engagement...
Dow tumbles 280 points...
Private Sector Jobs Grew By Only 38,000 in May...
Planned Layoffs Up...
Manufacturing Slows...
MOODY'S: US Rating Could Be Placed Under Review...
Greece goes further into junk territory; MOODY'S downgrades...
AP: Consumer confidence falls 'unexpectedly' in May...
BARONE: Pro-Obama media always shocked by bad economic news...
Home-price index at lowest point since 2006 bust...
'Double-Dip' Even Worse Than Expected...
GOLDMAN SACHS: $5 gas this summer...
Number of federal-owned limousines has soared under Obama...
Obama bailout of GOV'T MOTORS to cost taxpayers at least $14 billion...
Obama solicitor general: Don't like healthcare mandate, earn less money!
REPORT: Senate's 100 members spend $40M for 700 offices nationwide...
7 'NATO troops' killed Thursday were American...
British Health Care Program in Grave Peril...
Netanyahu: Israel cannot prevent UN recognition of Palestinian state...
First ID'ed as 'Int'l Security Assistance Force service members'...
Deadliest day this year...
WARS RAGE ON...
U.S. Dead in Afghanistan Tops 1,500...
OBAMA HITS GOLF COURSE FOR ROUND NO. 70...
ON THE GROUND IN LIBYA
Anti-Christian Violence Continues in Pakistan...
UPDATE: MIAMI 'WAR ZONE' DURING URBAN WEEKEND...
'I was scared for my life'...
Poet 'Da Real One' Gunned Down In Front Of Miami Poetry Cafe...
Violent crime explodes in Myrtle during Black Bike Week; 8-hour hell...
Rib Fest At Rochester beach turns rowdy...
Riot On Long Island...
Urban Melee In Charlotte...
Chaos causes DNC concern for convention...
Unruly urban crowd shuts down Nashville water park...
Emanuel shuts down packed Chicago beach; 'heat-related illnesses'...
REPORT: 'Dozens of gang bangers'...
TEEN GANGS UNLEASHED ON BOSTON BEACH
WHO: Radiation From Cell Phones Can Cause Cancer...
In same category as lead, engine exhaust, chloroform...
VIDEO: Woman Screams For Help After TSA Molestation...
WHACKED, NOT HACKED!
'Used govt. resources'...
Breitbart: 'I Want To Hear Truth'...
6 'inappropriate' relationships...
ABCNEWS: Mystery Woman Revealed...
HER STORY...
Risqué Online Chats, Photo Swaps...
SLIDESHOW...
VIDEO: 'Web of lies'...
TWITTER TEARS: WEINER ADMITS
REPORT: Woman claims to have 200 explicit messages from NY Dem...
IT MIGHT BE MY WEINER! REPORT: WEINER'S TALE UNRAVELING... By Daniel Libit Sunday, June 5, 2011 ‘As the world has attempted to make sense of Rep. Anthony Weiner’s claim that his Twitter account was hacked, a key clue has been missing: exactly how the notorious groin pic was posted online. But according to data provided exclusively to The Daily from TweetCongress.org, a nonprofit website that captures each member of Congress’s Twitter feeds in real time, the shot seen round the world was transmitted using TweetDeck — a popular Adobe desktop application that links up with social networking sites. A review of Weiner’s Twitter stream from May 27, the day of the crotch pic, shows that Weiner had been posting only from TweetDeck — one of many ways to post messages to Twitter — that entire night. Chet Wisniewski, a senior security adviser at security software company SophosLabs, said the TweetDeck stamp “does make it more plausible that it did come from him.” Weiner used TweetDeck frequently, but he often also posted from the Web directly or from his BlackBerry. A widely circulated explanation for how Weiner’s Twitter account could have been hacked by email would also seem to be incompatible with the fact that the message in question originated on TweetDeck. If email had been used, the message probably would have originated via the photosharing site Yfrog, where the infamous picture was posted …’ [ Weiner admits he sent lewd picture; won't quit (AP) - After days of denials, a choked-up Rep. Anthony Weiner confessed Monday that he tweeted a photo of his bulging underpants to a young woman, and he also admitted to "inappropriate" excha...’ Tearful US congressman admits to crotch photos (AFP) ]
'This Could Be The End For Him'...
'Have You Ever Taken A Picture Like This Of Yourself?'...
WEINER CALLS COPS ON CBS WASHINGTON (CBSNewYork) — ‘Congressman Anthony Weiner said Thursday he’s finished talking about the lewd photo sent from his Twitter account.But he still wouldn’t say whether he’s the one in the picture.So CBS 2 political reporter Marcia Kramer decided to go to his office on Capitol Hill to try to get you some answers.You’ll never believe what happened.Kramer tried to get an interview with the six-term New York Democrat and as a result had the cops called on her.Kramer walked in to Weiner’s office, announced herself as being from CBS 2 in New York City and said she’d like to see the congressman. Those few words created quite the stir. Doors slammed and people pretended she wasn’t there ...’ Weiner’s efforts don’t cool furor The congressman said that he didn’t send a lewd photo on Twitter but also that he couldn’t “say with certitude” whether the image was of his own crotch. (Washington Post) [ ‘Weiner’s weiner’! ‘Not cool furor’ … how ‘bout just plain ‘not cool’. Eh … what can you expect from national drain / sinkhole new york (new york / new jersey metro). I haven’t read but probably agree with the following article: Listen up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr. Milbank weighs in: ‘The Weiner roast Congressman finds himself in a fight he does not relish.’ Report: SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s over objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book Goombata: The Improbable Rise and Fall of John Gotti and His Gang John Cummings (Author), Ernest Volkman (Author) Though having but 5% of the world’s population, u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:

Focus Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs, extinction, at least in a manner of speaking. Global information exchange at lightning speed has made such throwbacks to a lost era, propaganda, and maladaptive traits foolish at best, deadly at worst. Intelligent people worldwide aren’t buying the obsolete, Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc..; more specifically, diversion of the masses from the glaring failures of leadership, economic and otherwise.

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

Minyanville's T3 Daily Recap: Stocks and Economic Data Leave Nowhere to Hide at Minyanville By T3Live.com Jun 03, 2011 ‘This week markets were presented with economic data ranging from ADP payroll, jobless claims, car sales, and crude inventory numbers, all pointing to a waning economic recovery.

US markets finished the week with a very negative tone, led lower by Nasdaq stocks via the PowerShares QQQ Trust (QQQ), which was down 1.62% on the session. Stocks sold-off into the close, dragging the SPDR Dow Jones Industrial Average ETF (DIA) to its longest streak of weekly losses since 2004. The US government jobs report showed slowing growth, with only 54,000 jobs added in May, trailing estimates of 165,000 as well as an unexpected climb to 9.1 percent.

Already investors have seen disappointing reports out of the US, Europe, and China revealing slowed manufacturing growth in May. This week markets were presented with economic data ranging from ADP payroll, jobless claims, car sales, and crude inventory numbers, all pointing to a waning economic recovery. As of Thursday evening, the markets had taken the negative data in stride, but the government jobs data proved to be the last straw for many investors.

There was nowhere to hide today with the SPDR S&P 500 (SPY) down 1.15% on the session. In fact, there was nowhere to hide this week, as 94% of the S&P 500 stocks finished red on the week. Furthermore, the continuous stream negative US data against the backdrop of the EU coming to a deal to bailout Greece saw investors dumping stocks and the US dollar, while finding shelter in the euro.

The most jarring aspect of today’s sell-off was the extremely bearish action in of most leaders, with Chinese Internet stocks falling off a cliff as Sina (SINA), Youku.com (YOKU), Qihoo 360 Technology (QIHU), and China Dangdang (DANG) all down over 8%, with Sina down nearly 12% on the session. Baidu.com (BIDU) and Sohu.com (SOHU) fared better closing lower by 3.82% and 4.5% respectively.

Netflix (NFLX) was the lone standout among the leaders to finish slightly higher, yet other companies that traders routinely look to for leadership sold-off into the close with the rest of the market. Amazon (AMZN) finished down 2.38% and Apple (AAPL) was negative by just over a half percent.

With demonstrations and unrest expected over the weekend in Greece and the Middle East, there is potential for more headwinds to be digested by investors come Monday.’

Goldman Sachs subpoenaed Report says firm’s mortgage-related investments enabled the company to profit while clients lost money. (Washington Post) [ Their stock was down. Why? No mystery there on fraudulent wall street that they’ve got plenty to hide; and, certainly far more beyond the scope of the subpoena. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed… an especially great opportunity to sell / take profits while you still can since there's much worse to come! America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog/ Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billiions from the fraud ). UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.

‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

Selling In May Is Very Good Advice This Year Harding / Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart.

Defacto bankrupt, fraudulent america also spends more on military spending than all the nations of the world combined... federal employees / contractors, cia, all 3 branches of the u.s. government, etc., are included in this evolved american trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ).

U.S. Job Growth Sputters: Only 54,000 Jobs in May at TheStreet.com

By Shanthi Bharatwa [chart http://www.thestreet.com/content/image/88693.include ] ‘NEW YORK (TheStreet) -- The U.S. economy added far fewer jobs in May, suggesting that the recovery in the employment market might be stalling.

According to the Bureau of Labor Statistics, nonfarm payrolls increased by 54,000 on a seasonally adjusted basis in May, after rising by an average of 220,000 in the prior three months. Economists were expecting the payrolls to rise by 169,000, according to Briefing.com. That is the lowest payroll growth since September 2010.

The private sector, which has been the main contributor of jobs amid layoffs at the state and local government levels, added 83,000 jobs, a marked slowdown from the 244,000 jobs averaged in the last three months. Economists predicted companies would add 180,000 jobs in May, their expectations diminished by the ADP report Wednesday which said companies added only 38,000 jobs.

The consensus estimates don't always reflect actual market expectations because analysts don't always revise their estimates based on the ADP report. The "whisper" number for the markets may have been closer to about 100,000. So even by those metrics, the jobs report is severely disappointing.

Reacting to the dismal report, Patrick O'Keefe, director of economic research at J.H. Cohn, said, "This report stands out as a recommendation to all economists to go through a course in humility. I expected, even after the ADP report, a much better report than this. But as Keynes said -'when the facts change, I change my mind.'"

According to the Labor Department's survey, the auto, retail, nondurable goods and health care sectors shed jobs in May. The government laid off another 29,000 workers in May, after shedding 19,000 in April and 25,000 in March.

But more striking than layoffs was the slowdown in hiring. After adding 38,000 jobs in April, the goods-producing sector created only 3,000 jobs in May. Manufacturing shed 5,000 jobs in May, after hiring 24,000 people in the previous month.

The private services-providing sector, the biggest contributor to employment, added only 80,000 jobs, after creating 213,000 in April. In April, the ISM Services Index showed a dramatic slowdown to 52.8% from 57.3% in March. The Institute for Supply Management said at 10:00 a.m Friday that the Nonmanufacturing Index rose to 54.6% from 52.8% in April, better than the 53.3% economists were expecting.

Temporary help, which has contributed one in six 6 jobs during the recovery, also saw a drop of 1,200 jobs.

"The flattening in temporary help, given the marginal headline employment gain signals that employers have become even more reluctant to increase payrolls in the face of sputtering expansion," O'Keefe noted.’

JOBS REPORT MUCH WORSE THAN EXPECTED! Previous day: Economic outlook hinges on jobs report One of the few bright spots in the economic picture in the past three months has been solid and steady job creation by the private sector. (Washington Post) [ And, you can bet the ranch that the report will be a complete fabrication. Indeed, the capital reeks of political desperation, domestically and globally. Fudgecake yes … they can always put the ‘report’ back in the oven so to speak for those ever more recurring revisions which still never quite bring the data back to reality. Beware the next big fraud When will we see the next big fraud and a massive burst in the secondary markets bubble? Not soon enough, I fear. (Washington Post) [ Next? How ‘bout we’re still in the midst of that continuing multi-trilliion dollar fraud marked to anything … The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed), Billion Dollar Fund Managers Agree: The Government Never Fixed the Underlying Economic Problems, So We’ll Have Another Crash infowars.com While the snake oil salespeople at the retail investing level and the bobble heads on the kool aid selling financial channels have been saying for years that we’re in a “recovery” (albeit a slow one), billion dollar fund managers say that nothing has changed and we’ll have another crash … Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud ). Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come! America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart.] ]

20 Questions To Ask Anyone Foolish Enough To Believe The Economic Crisis Is Over The Economic Collapse | We are still in the middle of a full-blown economic crisis and things are about to get even worse.

5 Cities Vulnerable to the Next Bursting Bubble WASHINGTON (TheStreet) -- Bubbles are a beautiful thing to watch while they're inflating or floating along, but they can be extremely messy when they burst. The U.S. still hasn't recovered from the real estate bubble that burst in 2007. Considering the somewhat tenuous state of the second coming of tech spending, the bubbling costs of college inflation, the seemingly limitless heights of gold prices and the ever-expanding demand for health care as baby boomers ease into retirement, there may be another bubble just around the bend.

Don't tell that to Las Vegas, which is still trying to pick up the pieces after the housing bubble's pop shattered its real estate industry. Average home prices dropped from $220,000 in 2008 to just $128,000 in the first quarter of this year. As a result, a 3.21% foreclosure rate quoted for the area by RealtyTrac is still the highest in the nation, and its 13.3% unemployment rate is outdone only by Riverside-San Bernardino-Ontario, Calif.'s 13.9% margin (and 2.04% foreclosure rate). The good news is that foreclosure rate is a 11.54% improvement from fall of last year. The bad news is that it's only a 7.74% upgrade from the same period last year, is still costing more homeowners their properties than anywhere in America and is having a residual effect on business, with traffic down at McCarran Airport and once-untouchable businesses such as the Sahara casino closing, with owners cited the crisis as a reason.

California, Nevada, Arizona and Florida are among the states dealing with double- or near-double-digit unemployment, high foreclosure rates and home prices that have plummeted more than 50% in some cases, but even metropolitan areas within those states were spared the same pain. Another burst bubble could make some of those places feel a lot less lucky. TheStreet took a look at five regions that lean heavily on one industry and at just how much they stand to lose should their bubble be the next to go: …’

A New Idea For Bernanke: Leave The Economy Alone at Forbes ‘Sy Harding It was another week of shockingly negative economic reports, which you might think has Wall Street economists worried that the economy is running into something more than just a brief soft patch (their popular term of recent weeks).

They mostly remain convinced that the problem is only temporary, that the economic reports are coming in worse than their forecasts only because they under-estimated the effect the surge in energy and commodity prices would have on consumer spending, and the effect the Japanese earthquake would have on auto and technology production.  And they say those effects are only temporary.

Let’s hope they’re right, because the additional reports this week were awful.

They included that home prices are still declining; that Pending Home Sales fell 11.6% in April to a 7-month low; that Consumer Confidence unexpectedly fell from 66 in April to 60.8 in May; that the ISM Mfg Index plunged to 56.6 in May from 67.6 in April; that Factory Orders fell 1.2%; that auto sales fell more than forecasts.

The reports ended for the week with Friday’s report that only 54,000 jobs were created in May versus 232,000 in April, and compared to the consensus forecast that 175,000 jobs would be created. And the unemployment rate rose to 9.1% in May, from 9.0% in April, versus forecasts that it would decline to 8.9%.

This week’s reports came on top of four weeks of similarly dismal reports, including that the Conference Board’s Leading Economic Indicators dropped into negative territory for the first time in nine months, and that Durable Goods Orders experienced their largest decline since last August. New home starts and permits for futures starts plunged more than forecasts, and existing home sales unexpectedly plunged, now down 12.9% year-to-date.

However, not only is Wall Street not overly disturbed by the reports, but investors are not all that concerned either.

In spite of five straight weeks of decline, the Dow is only 4.7% below its peak at the end of April, and it’s still up 5.4% for the year so far. And, what decline there has been was on low volume, no signs of aggressive selling.

One theme I keep hearing from bullish investors is that the Federal Reserve will not allow economic growth to slow to any degree (beyond a brief soft patch), without stepping in with another round of stimulus. Nor will it allow the stock market to decline to any degree.

After all, they remind me, Fed Chairman Bernanke virtually guaranteed that in the Fed’s statement after its last FOMC meeting, in which it said, “The Committee will continue to monitor the economic outlook and financial developments, and will employ its policy tools as necessary to support the economic recovery.”

Meanwhile, as I wrote in early April, the similarities to a year ago are spooky. Among the long list of similarities I noted then, were that a year ago government stimulus programs were also coming to end, the economy was already showing serious signs of slowing, the stock market looked to be overbought, and investor sentiment was unusually confident and bullish. The next event a year ago was that the market topped out at the end of April into a correction, and that has now potentially become another similarity of this year.

So will the rest of the events of last year also repeat this year?

Last year, the economy continued to weaken, and the stock market remained in a correction until mid-July, during which the S&P 500 lost 16% of its value.

Then the Fed seemed to panic and stepped in with a promise of another round of quantitative easing, which was dubbed QE2. The economy picked up again, and the stock market halted its decline, recovered its losses, and went on to the highs reached at the end of April this year.

The big question is, if the economy continues to slow this year, and the stock market continues to decline, will the Fed push the magic button again?

Chairman Bernanke received considerable criticism at home and globally for his QE2 decision last fall. It also doesn’t seem to have worked all that well. The flood of additional dollars into the financial system pumped up the stock market and commodity prices, creating inflation, but its effect on the economy was apparently only temporary.

This year, Congress would probably object mightily to another round of stimulus, given its new determination to cut government costs in efforts to tackle the record budget deficits.

So, unless the economy really nose-dives, I suspect the Fed will allow the market system to function normally this time around, allowing economic growth to slow if that is its inclination, and the stock market to adjust to that, without government interference.

We shall see. So far the similarities to events a year ago continue to click into place.’

Moody’s: U.S. credit rating at risk Agency warns of a possible credit rating downgrade if a debt-ceiling deal cannot be reached. (Washington Post) [ I’d say, as is true of their performance in the last phase of this ongoing crisis, they are so typically late to the party. After all, pervasively corrupt america is already defacto bankrupt. House rejects debt ceiling increase The 317-to-98 vote was a bipartisan rejection of extending the nation’s current debt limit of $14.3 trillion unless major spending reductions accompany the legislation. (Washington Post) [ Well, perish the thought that increases in liabilities should be commensurate with decreases in liabilities to maintain a … balance … sheet? At this point, who’s counting? After all, are there really degrees of defacto bankruptcy? Or, an either / or absolute state; viz., you are or you’re not defacto bankrupt. Pervasively corrupt, defacto bankrupt america is in fact defacto bankrupt! … Wall Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press” climaxed Sunday  with a startling market prognostication from David Brooks, conservative columnist for the NY Times. The risk of a debt default over the combustible issue of the Medicare deficit hangs over the course of the stock market. Buyers Beware!“I was up in Wall Street  this week,” Brooks said. “They’re vastly underestimating the source of piolitical risk here. We could have a major problem, I think, either this summer or the next couple years. And I’d be worried about investing too much in the market. That’s my financial advice.”…’ Another Financial Crisis Is On The Way, Mobius Says STOCKS HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline..’ ] States face shortfall for retirees (WP) Public workers’ retirement funds had a gap of $1.26 trillion at the end of fiscal 2009 Study: Affordable rentals scarce (WP) Poll: For Obama, low marks on Afghan war (WP) More Americans disapprove of President Obama’s management of the war in Afghanistan than support it Fuel prices cut into Obama popularity (WP) (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast turmoil to obfuscate their failure. Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come! America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart.]

May Sales Show Tighter Times Ahead For Retailers at Forbes

Greenspan ‘Scared’ Over Deficit; Calls for Tax Rise The debt and deficit problem in the US is so serious that former Federal Reserve Chairman Alan Greenspan finds himself in the position of recommending the highest tax rates in more than a decade.

Treasury Continues To Dip Into Retirement Accounts, Prepares To “Take Out” $66 Billion Chunk To Make Room For New Bond Issuance Today, very quietly, the Treasury released its latest refunding announcement, in which it disclosed it would issue another $66 billion in 3, 10 and 30 Year notes next week.

The Public Banking Movement Comes of Age The public banking movement is becoming mainstream thanks to great work done by thoughtful and dedicated researchers like Ellen Brown, author of “Web of Debt.”

Goldman Gets Subpoena From Manhattan DA Goldman Sachs just got a subpoena from the Manhattan DA.

National / World

Bipartisan Congress Rebuffs Obama on Libya Mission Washington Times | The House voted for resolutions telling President Obama he has broken the constitutional chain of authority via Libya.

Romney says he can heal economy He kicks off presidential bid by trumpeting his record as a turnaround specialist in business. (Washington Post) [ Well, he’s certainly not going to do that by toeing the israeli lobby line as did failed president wobama the b (for b***s***), despite his recent rhetoric (meaningless coming from wobama the b) seemingly, but not really in terms of action (he’s literally continued the perma-war policies of war criminal and moron dumbya bush; ie., Afghanistan, Libya, etc., Drudgereport: FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA... Deadliest day this year... WARS RAGE ON... U.S. Dead in Afghanistan Tops 1,500... OBAMA HITS GOLF COURSE FOR ROUND NO. 70... ON THE GROUND IN LIBYA . This despite the defacto bankruptcy of the nation. It is time to tell the mentally deficient at the pentagon along with other war mongering neocons that the days of their easy money, fog of war thefts (ie., 360 tons of $100 bills flown into Iraq and ‘disappeared’, etc. ) and nebulously fat budgets are over. Stated another way, math, economics, and finance count. I’d say law should count but we all know that’s not the case in meaningfully lawless america (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed). Obama is committed to Israel (Washington Post) Rahm Emanuel He’s been invested since his first days in office.{Yes! I do believe this is among the few instances when emanuel is telling the truth; and, pervasively corrupt, defacto bankrupt america has the red ink, red blood (of u.s. soldiers), and failed geopolitical strategy to prove it.}

Robert Gates: Kucinich move on Libya ‘dangerous’ Politico | Gates says move to end Libya attack would undermine alliances and military operations. House Republicans Kill Kucinich’s Libya Withdrawal Bill FoxNews.com | Yanked from schedule only after it became clear that it might succeed. { In robert gates’ cia-alice-in-wonderland world, a failed defacto bankrupt american banana republic with gunboat diplomacy will do just fine (thank you very much for your wasted tax dollars). }

Tough choices in Europe over Greece Greece will need more than $40 billion to keep itself afloat and sidestep a nightmare scenario: a default by one of the countries that use the euro. (Washington Post) [ Fait accomplis? I’d say, ‘look homeward hell’s angels’. After all, we do have near 50 such fiscal basket-cases here in the pervasively corrupt, defacto bankrupt disunited states. Meanwhile, america / nato are frittering money / resources away . http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST… Editorial: US in quagmire War in Afghanistan and Iraq costs America $1trillion Though having but 5% of the world’s population, u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:

Focus Is on Obama as Tensions Soar Across Mideast (NYT) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall. .. Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc.;more specifically, diversion of the masses from the glaring failures of leadership, economic and otherwise.

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Soros-funded leftist group pushes internet control WND.com | Documents released in response to a Freedom of Information request from Judicial Watch revealed collusion between FCC and Soros group.

Following Shooting, Miami Cops Grab Cell Phones at Gunpoint, Destroy Them Carlos Miller | Miami Beach police did their best to destroy a citizen video that shows them shooting a man to death in a hail of bullets Memorial Day.

Bill of Rights: An Endangered Species Kurt Nimmo | The 1st Amendment is under attack from federal, state, local police and private security goons.

Following Pentagon’s Lead, NATO Says It Will Respond to Hacker Threats Kurt Nimmo | NATO adds weight to the concerted call to respond militarily to hyped cyber threats against the state.

Drudge Drives TSA Controversy To Viral Status Paul Joseph Watson | Much to the chagrin of the establishment media, Matt Drudge is still the King of Internet news

No “Conspiracy Theory”: Wikileaks Cable Confirms North American Union Agenda Paul Joseph Watson | Mission to merge United States, Canada and Mexico into monetary and political union labeled “conspiracy theory” by establishment media.

The Spirit of Thomas Jefferson Lives in Nullification Alexander Meyer | We have unchallenged Federal power coming face to face with the boiling passion of a grass roots revival for liberty.

GOP Establishment Attempting To Redistrict Ron Paul Out Of Office A Democratic consultant tells the Texas Tribune that it is no coincidence that a proposed congressional redistricting map would significantly alter District 14, the seat firmly held by Ron Paul for the last fourteen years.

Ron Paul: “Barack Obama and the big government crowd are destroying our economy” Today, a spokesman for Congressman Ron Paul’s 2012 Republican presidential campaign remarked on the most recent U.S. jobs report and the state of the American economy. See comments below.

Chossudovsky: US, NATO clearly going into ground war Russia’s foreign minister has criticized the way the UN resolution on Libya is being implemented, in the wake of NATO’s 90-day extension of its mission there. Sergey Lavrov says NATO’s actions go beyond the scope of the resolution and undermine international law. According to Michel Chossudovsky from the Canadian-based Center for Research on Globalization, there are clear signs that we might soon see American boots touch Libyan soil.

Japan staff exceed radiation limit The operator of Japan’s crippled nuclear power plant said two workers have exceeded a radiation exposure limit for men.

TSA On The Ropes; Budget Slashed, Texas Grope Ban Returns Days after a top TSA official conceded that the agency would be forced to reconsider its policies in the aftermath of a nationwide backlash against invasive screening procedures, the agency was dealt another two huge blows yesterday with the news that the TSA budget would be slashed by $270 million, in addition to the return of a bill in Texas that would make grope-downs a felony.

Texas Senate Under Siege EXCLUSIVE footage of Alex Jones’ powerful speech on the steps of the Texas Senate chamber, rebuking those who betrayed liberty and worked to kill the bill that would protect passengers from TSA groping.

The Sky Is Falling, It Is Time To Panic And The U.S. Economy Has Fallen And It Can’t Get Up So many economists and financial pundits seem absolutely shocked that the U.S. economy is slowing down again. It is as if this latest wave of bad economic data has caught them completely by surprise.

Investors Await Jobs Report: Dave's Daily ‘ ETF Center Thursday was a quiet day in trading but disappointing economic news still dominated. Jobless Claims came in beneath expectations despite being slightly better than the previous week; however, the four-week moving average is 30K higher. Chain Store sales were disappointing with pundits blaming the weather again. Factory Orders missed consensus forecasts at -1.2%. Lastly, not that it's much of a surprise, Moody's warned it could downgrade U.S. bond ratings should the budget deficit and debt not be resolved. So, do you think Turbo-Tim would ever stiff "the Beard"? Anyway, the big number on Friday is the employment data. Estimates have been frantically reduced over the week given other poor data. The current consensus is 170K jobs, which is quite low, so upside surprises may be built in given all the downward revisions. Also on tap is ISM Services Index which is expected to increase to 54 from 52.8.     After yesterday's big down day markets achieved some hard fought stability. It's strange to think the employment report will hold surprises but it's Friday and bulls definitely want to go out feeling better. The Fed was quiet Thursday but underwriters are busy getting some new issues to market ("while the getting's good") including Groupon and Pandora. These companies saw what happened with LinkedIn and they want their piece of the action. Volume continued at a higher level as bulls and bears fought it out. Breadth per the WSJ was mixed. ‘

Beware the next big fraud When will we see the next big fraud and a massive burst in the secondary markets bubble? Not soon enough, I fear. (Washington Post) [ Next? How ‘bout we’re still in the midst of that continuing multi-trilliion dollar fraud marked to anything … The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed), Billion Dollar Fund Managers Agree: The Government Never Fixed the Underlying Economic Problems, So We’ll Have Another Crash infowars.com While the snake oil salespeople at the retail investing level and the bobble heads on the kool aid selling financial channels have been saying for years that we’re in a “recovery” (albeit a slow one), billion dollar fund managers say that nothing has changed and we’ll have another crash … Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud ). Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come! America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart.] ]

20 Questions To Ask Anyone Foolish Enough To Believe The Economic Crisis Is Over The Economic Collapse | We are still in the middle of a full-blown economic crisis and things are about to get even worse.

Tough choices in Europe over Greece Greece will need more than $40 billion to keep itself afloat and sidestep a nightmare scenario: a default by one of the countries that use the euro. (Washington Post) [ Fait accomplis? I’d say, ‘look homeward hell’s angels’. After all, we do have near 50 such fiscal basket-cases here in the pervasively corrupt, defacto bankrupt disunited states. Meanwhile, america / nato are frittering money / resources away . http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST… Editorial: US in quagmire War in Afghanistan and Iraq costs America $1trillion Though having but 5% of the world’s population, u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:

Focus Is on Obama as Tensions Soar Across Mideast (NYT) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall. .. Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc.;more specifically, diversion of the masses from the glaring failures, economic and otherwise.

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

D.C. area no longer a leader in creating jobs (Washington Post) [ I’d say that such is a distinction without a significant difference inasmuch as near all ‘new’ jobs above the ‘new’ normal are makeshift and predominantly politically (not productively) motivated in origin. Do not fall for these ‘new renaissance’ sound bites / pep talks / spin sessions. Those deals, however misguided, are done. Those real jobs are not coming back for the foreseeable future that counts. The bell can not be ‘unrung’. Moreover, the ever less productive / make shift service jobs (including governmental, federal, state, local) have hit the wall in terms of budgetary constraints.

The Market’s Wall of Worry [ http://blogs.forbes.com/robertlenzner/2011/05/29/the-markets-wall-of-worry ] Robert Lenzner Street Talk ‘

* QE2 will be over in 30 days. That removes a $600 billion injection of money in the financial system.

*The bottom line all talks of cuts is less federal, state and local spending. Removes money from income total for the nation.

*Meanwhile, cost of healthcare,  food, transportation continues to rise squeezing middle class.

*The yield on 10 year Treasuries is 3.11% and trending lower in anticipation soifter economy.

*Housing market could continue weak for some years, not months, affecting millions of ordinary Americans.

* Price of crude oil makes gasoline expensive and brings demand destruction.

* Stocks rally now over 2 years old. Commodities have also run up bigtime.

* China trying to slow its economic growth and having difficulty doing so.

*Europe facing costly bailouts troubled nations and weaker financial institutions.

*Showdown over Palestinian state could lead to another outbreak hostilities in the Middle East.

*If US, Europe and China slowing what are the prospects for global economy, corporate profits, market valuations?

*Japan badly hurt by earthquake and tsumami.

*Trade volumes decline more sharply than output during downturns according to The Economist.

*But OECD predicts GDP up 4.2% and trade volumes gain 8%.

The Beginning of the End of QE2 and 18 Other Issues Making Investors NervousTue May 31st, 2011Lloyd Khaner Lloyd's Wall of Worry QE II..

U.S. ECONOMY: From hero to zero in one quick month. Hey, June, can you throw us a bone here?

UNEMPLOYMENT: Job Creation Plan: Hire people to go out and count all the houses that are for sale, are in foreclosure, are empty and are inhabited by non-human animals. Not a perfect plan I admit, but give me cred for its original, unique, and entirely hare-brained nature.

U.S. DEBT CEILING: The latest in a long list of political footballs. This time each side is just punting the ball back and forth without any real effort to score. For the first time in head-to-head competitive history, both teams may find a way to lose.

INVESTOR SENTIMENT: Call it a Dickens Market -- it was the best of times and now it’s nearly the worst of times as extreme bullish sentiment becomes extremely bearish in just a week or so.

HOUSING CRISIS: A recent government press release says it will take 9.2 months to sell all the homes on the market right now. Of course, the specific year/decade those 9.2 months will fall into the release didn’t specify.

INFLATION: India, strong in many ways but not known to be No. 1 in any one economic sector -- until now. It has just landed the coveted top spot as the Asian economy with the highest inflation, fueled by a estimated salary increase of 13% in 2011. अचà¥�छा दà¥�: ख! That’s “good grief!” in Hindi.

STOCK MARKET TECHNICALS: Went to one of those Spiritual Readers and Advisors to get the answer to this technical mayhem and was next in to meet with “Wilomena of Wall Street” when my appointment got canceled. She picked up 1,000 LinkedIn (LNKD) IPO shares and flipped them, thus declaring huge profits and retirement. The market mystery continues…

FLOODS, TORNADOES, VOLCANOES: Well, we made it through The Rapture and we have a good year and a half until Mayan 2012 hits, but in the meantime Mother Nature is reminding us that she is and always has been the real deal.

OIL PRICES: Coming off the boil and therefore unlikely to do the damage of a full-on “oil shock”. Kind of like setting the cattle prod on 7 rather than 10. You get the full behavioral effect plus you live to share your experience with the rest of the herd.

ARAB SPRING: Don’t look now but spring is about to turn into summer. Summer can be warm, sunny and bright, or hot and blazing with fight. As the Zen Master says, “We’ll see.”

LIBYA: More top officials leaving -- this time it's the chair of Libya's state oil company. Could be a real sign of trouble for Mo-Mo, or maybe the oil chief is taking a cue from America's CEOs and "spending more time with family."

JAPAN: Back into recession, back on the ropes. "It's about how hard you can get it and keep moving forward. How much you can take and keep moving forward." For what it’s worth, my money’s on Japan moving forward again.

CHINA: Starting to limit power usage at manufacturers as the hydro and coal situation is a bit tight in the land of endless growth. Sounds a little scary for the GDP, but put a “China Going Green” spin on it and no one will notice.

RING OF FIRE + SPAIN + TURKEY: This earthquake thing is spreading in strange ways. Not the good spread like hot fudge over a sundae, more like that hiking rash you get when going off trail in your shorts.

CURRENCIES: The state of Utah officially legalizes gold and silver as currency. Likely just a ruse to get people to buy, store, and borrow against gold in the state. And likely to work very well.

SOVEREIGN DEBT: Another June, another class of American college grads moves their tassels and hit the streets. Hottest graduation gift trending now: One-Year Credit Default Swaps on U.S. Debt. Inspiring to them, I’m sure.

COMMODITIES: Modern economic employment options are varied and I ain’t complaining, but seeing the parabolic moves in all things that grow in the ground, well, "Green Acres is the place for me."

INTERNATIONAL MONETARY FUND: The world’s banker or a moveable feast? Or as we say here in the U.S. “Animal House, Animal House.”

Discouraging news on the economy Stocks tumble after data on manufacturing, jobs and home prices dash sunny expectations. (Washington Post) [The key here is expectations based on what. I, and others have been saying such expectations have been based upon total b***s***, manipulations, if not outright fraud. Certainly the toxic assets now marked to anything as per legislated professional criminal courtesy in the form of FASB rule change will figure prominently in the next phase of this ongoing economic / financial crisis / debacle, the worst of which is yet to come, having been exacerbated thereby. Moreover, it’s now clear that the fed’s machinations have failed, benefited fraudulent wall street and insiders only, to everybody else’s expense and detriment including a hyperinflationary environment some (including El Erian of PIMCO) euphemistically refer to as stagflation. Dow Down 280: Stocks Tumble as Bulls Throw in the Towel on Jobs The Daily Ticker (6/1/11) Top 3 Reasons Markets Got Drop Kicked After Horrible Jobs and Manufacturing Data Wall St. Cheat Sheet U.S. Markets and ETFs Stumble On Weak Economic Data ETF Trends / [ What a difference a day makes: previous (May 31,2011) Globally, and in fraudulent america particularly, the stock markets / bourses are a total joke as they try to window dress their end of month figures based on b*** s*** alone. We’ve seen this before as it played out in the prior phase of this ongoing financial crisis. Shiller Home Price Index comes in at 100% worse than expectations … and don’t forget, that includes the dollar debasing realities which makes this report even more dire. Take this ‘me too’ pop on fraudulent wall street as an especially great opportunity to sell, take profits since there is much, much worse to come. Remember: ‘sell in May and go away’ … so … don’t be a lune, loon, sell in June! Another Financial Crisis Is On The Way, Mobius Says STOCKS HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline..’ ] States face shortfall for retirees (WP) Public workers’ retirement funds had a gap of $1.26 trillion at the end of fiscal 2009 Study: Affordable rentals scarce (WP) Poll: For Obama, low marks on Afghan war (WP) More Americans disapprove of President Obama’s management of the war in Afghanistan than support it Fuel prices cut into Obama popularity (WP) (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast turmoil to obfuscate their failure. Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come! America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart.]

[ ABC (Dizzyney) is a pathetically horrible network; unimaginative, devoid of creative programming and with the weakest broadcast signal to boot (those ‘reality’ things they do … and look at their new offering … ‘combat hospital’ … just what everyone wants to see … ‘real blood and guts?’ (oooh! So timely and ‘johnny on the spot’, like their ‘seal 6’ fiasco) … I hope so if they’re that of their management personnel … they should be barred from championship broadcasting! Terrible! Pathetic! I don’t know how they’re still in business. Oh … I almost forgot … they’re the ‘american broadcasting company’ … succeeding through failure since nothing succeeds like failure in america today. Let me add NBC (with the exception of the stellar ‘Saturday Night Live’) to the foregoing reality (apprentice, etc.? Who is tacky / dumb enough to waste time watching that s***. ]

A Close Look Under the Hood - Was QE2 a Giant Waste of Money? Simon Maierhofer, June 2, 2011 ‘Some things are obvious, some things are not. It's obvious that QE2 lifted stocks while leaving the real estate market (NYSEArca: IYR - News) to fend for itself. 

This article will take a deeper look under the hood and show what QE2 could and couldn't do. More importantly, it will highlight how QE (or the lack thereof) should affect your investment decisions.

QE2 and GDP

Even though Gross Domestic Product (GDP) is an absolutely outdated and misleading measure of a country's economic health (more about that in a moment), we'll take a look at how QE2 affected GDP.

GDP for Q4 2010 increased 3.1%. GDP for Q1 2011 was expected to come in at 2.1% but was only 1.8%. This is a deceleration of growth and not what we'd like to see.

Back to why GDP is misleading. GDP is calculated by summing up consumer spending, government outlays (such as benefits and interest payments), gross investments and exports and subtracting imports. All but exports fall under government spending.

GDP however, does not distinguish how government spending is financed. All the government spending that has brought the U.S. to the brink of insolvency is reflected in the GDP. As the chart below shows, the government entitlements (such as unemployment benefits, etc.) account for over 35% of personal income.

http://www.etfguide.com//contributor/UserFiles/8/Image/Government%20entitlements.gif

Personal income accounts for about 75% of GDP. Therefore government spending - which is the polar opposite of organic economic growth - makes up over 26% of GDP growth.

QE2 and Troubled Banks

Here is one statistic that adds new meaning to why some banks are simply 'too big to fail.' Of the 7,574 federal insured banks, 11.7% are on the FDIC's 'problem list.'

From January to March 2011, the banking (NYSEArca: KBE - News) and financial (NYSEArca: XLF - News) industry reported $29 billion in earnings, the highest number since before the financial crisis.

$24.4 billion of the $29 billion were generated by the 1.4% of banks with assets exceeded $10 billion. Of course the largest banks received massive bailouts and record low-borrowing rates. While large banks have recovered, regional banks (NYSEArca: KRE - News) have been left to fight for the leftover crumbs.

QE2 has been great for Chase, Wells Fargo, Goldman Sachs, Bank of America and the likes, but the neighborhood bank at the corner is likely struggling.

QE2 and Wealth

According to the Boston Consulting Group (BCG), global wealth grew by $9 trillion, or 8%, to $121.8 trillion in 2010. BCG includes cash and securities, but excludes holdings in businesses, residences and luxury goods. The world's collective investments and savings have surged $20 trillion from the 2008 lows and left the world $10 trillion richer than in 2007. A look at the iShares MSCI EAFE (NYSEArca: EFA - News) and iShares MSCI Emerging Markets ETF (NYSEArca: EEM - News) confirms this.

QE2 is not solely responsible for this global wealth increase, but it had a lion share in the $3.6 trillion gain in North America. No doubt the government is happy to tax a good portion of that wealth. From a tax point of view, QE2 may well have been worth its $600 billion price tag.

In terms of job creation, QE2 failed miserably. A recent SmartMoney.com article points out that QE2 has created maybe 700,000 full-time jobs at a cost of around $850,000 each. The percentage of the population in work is lower today than last August (58.4% vs. 58.5%).

QE2 and Stocks

Denominated in dollars, you and I know that the S&P (SNP: ^GSPC), Dow Jones (DJI: ^DJI) and Nasdaq (Nasdaq: ^IXIC) rallied around 100% or more from the March 2009 lows. Measured in hard currency however, SmartMoney reasons that the S&P has risen by just 8.4% in Swiss francs. Measured in gold (NYSEArca: GLD - News), the S&P 500 (NYSEArca: IVV - News) is up just 4.5%.

So while QE2 has created some wealth, it appears to also have created an illusion of wealth, probably even another bubble. Not many bubbles stay afloat without continuous air inflow. The cash inflow for the QE2 bubble is about to end and the search for a pin has begun …’

First-Of-The-Month Blues at The Wall Street Journal

[ It’s quite amazing that the so-called ‘professionals’ seek solace and comfort from mechanical application of technical analysis when focus on fundamentals which are less prone to obfuscation / manipulation which ultimately has led to fraud after successful fraud, debacle after debacle. ]

[$$] Expect More 'Unexpectedly' Weak Economic Data at Barrons.com 
Stocks Sink Again; Wal-Mart Slips 1.4%
Pops & Drops: Orbitz, Gap...

Stocks struggle amid US slowdown fears

Wall Street ends flat after volatile day; jobs ahead
US STOCKS-Wall St ends flat after volatile day; jobs ahead

Goldman Gets Subpoena From Manhattan DA Goldman Sachs just got a subpoena from the Manhattan DA.

Fears Grow Over Double-Dip Recession One fund manager calls it a horror show, others are predicting the Federal Reserve will have to extend its unconventional measures and stocks across the world are falling heavily.

Did The Fed Just Give The Green Light To Sell The Stock Market? Remember when the president uttered the magic words back in March 2009, when he said that “profit and earning ratios [whatever the hell those are] are starting to get to the point where buying stocks is a potentially good deal if you’ve got a long-term perspective on it” giving the green light for the 2 year bear market rally?

Consumer Confidence Is Now Lower Than During All Recent Financial Crises And Tragedies One chart stands out in today’s Breakfast with Rosie: the comparison of yesterday’s surprisingly weak Consumer Confidence number with comparable prints taken at financial crises and tragedies of the past such as the October 1987 markets crash, Desert Storm, LTCM, the dot com collapse, September 11, Katrina, and Lehman.

Another Financial Crisis Is On The Way, Mobius Says STOCKS HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline..’ ] States face shortfall for retirees (WP) Public workers’ retirement funds had a gap of $1.26 trillion at the end of fiscal 2009 Study: Affordable rentals scarce (WP) Poll: For Obama, low marks on Afghan war (WP) More Americans disapprove of President Obama’s management of the war in Afghanistan than support it Fuel prices cut into Obama popularity (WP) (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast turmoil to obfuscate their failure. Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come! America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart.]

Moody’s Warns of US Default

National / World

Texas Senate Under Siege TheAlexJonesChannel | EXCLUSIVE footage of Alex Jones’ powerful speech on the steps of the Texas Senate chamber, rebuking those who stopped the bill that would protect passengers from TSA groping.

Embedding YouTube Videos May Soon Be a Felony Kurt Nimmo | If passed, the law will send the web back ten years.

Corporate Media Dwells on Mitt Romney Candidacy, Ignores Ron Paul Kurt Nimmo | Romney, who has voted like a Massachusetts liberal, wants you to think he is a libertarian Republican.

Alex Reunited with Trooper Who Arrested Him for Thumbscan Refusal TheAlexJonesChannel | Alex Jones happens upon the very state trooper who arrested him 14 years ago for refusing to thumbscan for a driver’s license at the TSA protest.

10 Reasons Why The “Economic Recovery” Is a Fraud Paul Joseph Watson | Americans have been continually deceived about the true state of the financial system.

QE3 and the Globalist Plan to Destroy the Dollar Kurt Nimmo | Even market gurus are coming around to the fact the economic crisis is not accident.

VIDEO: Woman Screams For Help After TSA Molestation Steve Watson & Paul Joseph Watson | Agents threaten to confiscate son’s bags, have him arrested as punishment for filming ordeal.

New Video is a Key Weapon Against the Banking Cartel Infowars.com | Americans strive for the American Dream — this film shows why that dream is disappearing.

Military Escalation: “Phase Two” of the War on Libya A new phase of the war is unfolding leading to a process of military escalation as well as the eventual landing of US-NATO commandos on Libya’s shores.

War Zones: As The Economy Dies, Murders, Shootings, Robberies And Looting Erupt All Over America As the U.S. economy falls apart and millions of Americans descend into despair we are seeing some really shocking things start to happen all over America.

10 Reasons Why The “Economic Recovery” Is a Fraud Yesterday’s so-called “horror” show for the US economy with the release of new data illustrating how the economic “recovery” has all but ground to a halt was met with feigned astonishment and shock by the establishment media, and yet for the past two years the public has been continually deceived about the true state of the financial system.

Moody’s Warns of US Default Moody’s Investors Service, the credit ratings agency, warned of a “very small but rising risk” that the US could default on its debt, adding pressure on Congress and the Obama administration to overcome severe political divisions and strike a deal on fiscal policy.

Pentagon Warns Of M.A.D. Should The War Powers Act Be Enacted And US Withdraw Its Troops From Libya Who says Mutual Assured Destruction is to be used only by bankers: our military leaders appear to have mastered the strategy of getting what they want to warning about all hell breaking loose, just as effectively.

Alex Reunited with Trooper Who Arrested Him for Thumbscan Refusal While routing out the globalist forces at the Texas Capitol behind killing the anti-TSA bill, Alex Jones happens upon the very state trooper who arrested him 14 years ago for refusing to thumbscan for a driver’s license.

QE3 and the Globalist Plan to Destroy the Dollar Mohamed El-Erian, chief executive officer at Pacific Investment Management Co., told Bloomberg today the Fed’s quantitative easing policy failed to meet the “ultimate objective” of boosting employment and economic growth.

VIDEO: Woman Screams For Help After TSA Molestation Video of an incident recorded over the memorial weekend at Sky Harbor International in Phoenix, AZ, documents how the TSA deal with people who are traumatized by grossly invasive enhanced pat downs.

Hail Caesar Although the financial press speculates about a downgrade of the US government’s credit rating and default if political impasse prevents the debt ceiling from being raised in time, I doubt anyone really believes that the debt ceiling will not be raised. It is just all a part of the political theater of the next couple of months.

‘Gaddafi is not bin Laden, NATO would bomb him to death if knew where he was’ NATO is extending its operation in Libya by another three months. The Alliance chief says the decision is meant to signal to Colonel Gaddafi that the coalition is determined to fulfill the UN mandate to protect Libyans.

Ron Paul on Neil Cavuto: You Can’t Get Back To Growth Unless You Have Correction The Congressman talks the ailing economy with Cavuto.

Robert Gates: Kucinich move on Libya ‘dangerous’ Politico | Gates says move to end Libya attack would undermine alliances and military operations.

House Republicans Kill Kucinich’s Libya Withdrawal Bill FoxNews.com | Yanked from schedule only after it became clear that it might succeed.

Afghan leader warns NATO not to become ‘occupying force’ | Karzai warned NATO-led forces in Afghanistan they were at risk of being seen as an occupying force. [ Duh! What a bag of hot air karzai is! ]

Drudgereport: TEMPLETON chairman: Financial Crisis 'Around Corner'...
'WE ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...'
ECONOMIC 'HORROR' AS DATA PLUNGES
Dow tumbles 280 points...
Private Sector Jobs Grew By Only 38,000 in May...
Planned Layoffs Up...
Manufacturing Slows...
MOODY'S: US Rating Could Be Placed Under Review...
Greece goes further into junk territory; MOODY'S downgrades...
AP: Consumer confidence falls 'unexpectedly' in May...
BARONE: Pro-Obama media always shocked by bad economic news...
Home-price index at lowest point since 2006 bust...
'Double-Dip' Even Worse Than Expected...
GOLDMAN SACHS: $5 gas this summer...
Number of federal-owned limousines has soared under Obama...
Obama bailout of GOV'T MOTORS to cost taxpayers at least $14 billion...
Obama solicitor general: Don't like healthcare mandate, earn less money!
REPORT: Senate's 100 members spend $40M for 700 offices nationwide...
7 'NATO troops' killed Thursday were American...
British Health Care Program in Grave Peril...
Netanyahu: Israel cannot prevent UN recognition of Palestinian state...
First ID'ed as 'Int'l Security Assistance Force service members'...
Deadliest day this year...
WARS RAGE ON...
U.S. Dead in Afghanistan Tops 1,500...
OBAMA HITS GOLF COURSE FOR ROUND NO. 70...
ON THE GROUND IN LIBYA
Anti-Christian Violence Continues in Pakistan...
UPDATE: MIAMI 'WAR ZONE' DURING URBAN WEEKEND...
'I was scared for my life'...
Poet 'Da Real One' Gunned Down In Front Of Miami Poetry Cafe...
Violent crime explodes in Myrtle during Black Bike Week; 8-hour hell...
Rib Fest At Rochester beach turns rowdy...
Riot On Long Island...
Urban Melee In Charlotte...
Chaos causes DNC concern for convention...
Unruly urban crowd shuts down Nashville water park...
Emanuel shuts down packed Chicago beach; 'heat-related illnesses'...
REPORT: 'Dozens of gang bangers'...
TEEN GANGS UNLEASHED ON BOSTON BEACH
WHO: Radiation From Cell Phones Can Cause Cancer...
In same category as lead, engine exhaust, chloroform...
OBAMA FIGHTS FOR HIS RIGHT TO BOMB LIBYA...

VIDEO: Woman Screams For Help After TSA Molestation...
IT MIGHT BE MY WEINER!
'This Could Be The End For Him'...
'Have You Ever Taken A Picture Like This Of Yourself?'...
WEINER CALLS COPS ON CBS WASHINGTON (CBSNewYork) — ‘Congressman Anthony Weiner said Thursday he’s finished talking about the lewd photo sent from his Twitter account.But he still wouldn’t say whether he’s the one in the picture.So CBS 2 political reporter Marcia Kramer decided to go to his office on Capitol Hill to try to get you some answers.You’ll never believe what happened.Kramer tried to get an interview with the six-term New York Democrat and as a result had the cops called on her.Kramer walked in to Weiner’s office, announced herself as being from CBS 2 in New York City and said she’d like to see the congressman. Those few words created quite the stir. Doors slammed and people pretended she wasn’t there ...’ Weiner’s efforts don’t cool furor The congressman said that he didn’t send a lewd photo on Twitter but also that he couldn’t “say with certitude” whether the image was of his own crotch. (Washington Post) [ ‘Weiner’s weiner’! ‘Not cool furor’ … how ‘bout just plain ‘not cool’. Eh … what can you expect from national drain / sinkhole new york (new york / new jersey metro). I haven’t read but probably agree with the following article: Listen up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr. Milbank weighs in: ‘The Weiner roast Congressman finds himself in a fight he does not relish.’ Report: SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s over objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book Goombata: The Improbable Rise and Fall of John Gotti and His Gang John Cummings (Author), Ernest Volkman (Author) Though having but 5% of the world’s population, u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:

Focus Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs, extinction, at least in a manner of speaking. Global information exchange at lightning speed has made such throwbacks to a lost era, propaganda, and maladaptive traits foolish at best, deadly at worst. Intelligent people worldwide aren’t buying the obsolete, Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc..; more specifically, diversion of the masses from the glaring failures of leadership, economic and otherwise.

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

U.S. Home Prices Drop To 2002 Levels, Ho-Hum Says Mr. Market Forbes [ Yeah … they have to say ho-hum so that they’re not caught saying … duh! Shiller Home Price Index comes in at 100% worse than expectations … and don’t forget, that includes the dollar debasing realities which makes this report even more dire. ]
S&P/Case-Shiller Home Price Indices http://www.standardandpoors.com/indices/sp-case-shiller-home-price-indices/en/us/?indexId=spusa-cashpidff--p-us----

Dow Down 280: Stocks Tumble as Bulls Throw in the Towel on Jobs By Aaron Task The Daily Ticker(6/1/11) ‘A day after rallying on hopes for a Greek bailout, the stock market tumbled Wednesday following another round of dismal economic data. The daylong sell-off accelerated into the close after Moody's downgraded Greek debt late in the trading day.The Dow shed 2.2% to 12,291 while the S&P and Nasdaq each lost 2.3%, and oil fell the most in three weeks as the "risk on" trade came unwound in a hurry. Gold rose to a four-week high while Treasury prices continued to rally; the yield on the benchmark 10-year note fell below 3% for the first time since early December.The widespread sell-off was widely attributed to weaker-than-expected reports on U.S. manufacturing, auto sales, and the ADP's report on private sector payrolls. Just 38,000 private sector jobs were created last month, the lowest level since September 2010, according to ADP.While the ADP report has a checkered history of forecasting the Labor Department's survey, the combination of ADP's report and the national ISM Manufacturing index hitting its lowest level since 2009 prompted Wall Street economists to slash their forecasts for Friday's jobs report. Deutsche Bank's Joe LaVorgna, for example, has cut his forecast for Friday's payroll number two times this week, to 150,000 currently from 300,000 last week.As my Breakout colleague Matt Nesto notes in the accompanying clip, Wednesday's weak data confirms the recent trend, which has been a pervasive slowdown across nearly every sector of the economy. Citigroup's U.S. Economic Surprise Index, which whether data is beating or missing estimates, turned negative last month and now sits at its lowest level since January 2009, Bloomberg reports. (See: What Recovery? The Economy's Weak And Getting Weaker, Mish Says) Given the declining trend has been in place for several weeks (at least), Wednesday has the look of a "capitulation day" for the remaining econo-bulls. As a result, the market may be set up for an upside surprise on Friday if the May jobs number is anything but horrific. While the official consensus estimate is for 170,000 jobs, the "whisper number" is now 100,000 according to Reuters.While Jeff Macke describes today's action as just noise within the trading range of S&P 1300 to 1340, the heavy selling seemingly confirms the trend of one-step forward, two-steps back that has been in force since early May. The question is whether the stock market is just catching on to economic reality or sniffing out something far worse in the offing, like QE3 or a political breakdown over the debt ceiling.Aaron Task is the host of The Daily Ticker. You can follow him on Twitter at @atask or email him at [email protected] ‘

Top 3 Reasons Markets Got Drop Kicked After Horrible Jobs and Manufacturing Data Wall St. Cheat Sheet On Wednesday June 1, 2011, ‘Markets closed down on Wall Street: DJI -2.22% SP500 -2.28% Nasdaq -2.33% Gold 0.16% Oil -2.87% . Markets were in a downtrend all day as trading volume remained low. On the commodities front,  Oil (NYSE:USO) dropped over $3 from the high of the day to land back below $100 a barrel.  Gold (NYSE:GLD) caught some love on the usual QE3 talk and another downgrade of Greece, while  Silver (NYSE:SLV) got crushed nearly 5%.

Today’s markets were down because:

1) Economic data sucked . First we started with a much weaker than expected ADP Employment report. That was the shot heard ’round Wall Street. Then analysts tripped over each other to lower estimates for tomorrow’s big Non-Farm Payrolls report. After that, the pessimists were rewarded again as ISM Manufacturing missed analyst expectations by a mile. The mantra for the remainder of the day has been “slowdown”.

2) Automakers offered disappointing news. The mantra continued as Ford (NYSE:F), General Motors (NYSE:GM), and Toyota (NYSE:TM) announced poor automobile sales data. But data was brighter for retailers as we noted in our Retailer Roundup.

3) Tech had another big day. Nokia (NYSE:NOK) is getting hit like a bear raid and LinkedIn (NYSE:LNKD) broke technical support as we warned yesterday. On a positive note, Netflix (NASDAQ:NFLX) and Apple (NASDAQ:AAPL) have a lot of positive focus on their businesses during the All Things Digital Conference and next week’s Apple Developer’s Conference. But the stocks are still down in the slaughter.

Bonus: Cisco Projects Insane Growth in Web-Users and Data Traffic

Now that you’re in the know, enjoy your evening!’

U.S. Markets and ETFs Stumble On Weak Economic Data ETF Trends [email protected] (Tom Lydon), June 1, 2011, ‘Disheartening economic data, namely from private-sector jobs and manufacturing growth, pointed to a slowing economy, sending markets and exchange traded funds (ETFs) lower.

The Institute for Supply Management index of activity in manufacturing – the purchasing managers’ index, or PMI – declined from 60.4 in April to 53.5 in May, which was well below the expected drop to 57.0, report Steven Russolillo and Brendan Conway for The Wall Street Journal . Nevertheless, readings above 50 indicate an expanding economy. [ Economic Data Tempers Gains in U.S. Markets and ETFs. ]

The lower-than-expected employment number from private-sector jobs in the U.S. only increased by 38,000 last month, whereas economists had previously anticipated an influx of 190,000. According to the ADP report, the employment gauge plummeted to 58.2, a low last seen in October 2010, from 62.7.

The ISM’s production index fell from 63.8 in April to 54.0 and new orders dropped from 61.7 to 51.0, a low last seen in June 2009, write Alex Kowalski and Shobhana Chandra for Bloomberg .

Construction spending inched up 0.4% in April, but the number was revised downward from the previous month.

• SPDR S&P 500 ETF (NYSEArca:SPY) is down 1.3%.
• PowerShares QQQ (NasdaqGM:QQQ) is down 1.17%.
• SPDR Dow Jones Industrial Average ETF (NYSEArca:DIA) is down 1.4%.

For more information on the U.S. markets, visit our S&P 500 category .

Max Chen contributed to this article.’

It's A Cyclical Downturn In The Global Economy: Nobody Escapes at Forbes Robert Lenzner StreetTalk [ Yes. Mr. Lenzner is quite right. And, the natural concomitant of this cyclical downturn is the secular bear market in this secular downtrend. That’s the economic and financial reality, exacerbated by fraud, corruption and what they’re doing and not doing. ]

‘The sharp fall in the industrial manufacturing index– from 60.4 to 53.5 in a single month  is abundant proof that we have reached a cyclical turn in the economy says Lakshman Acouthan, CEO of ECRI, a highly respected  economic consulting firm in New York.

“This is a cyclical turn,” Acouthan just told me. “It is worldwide. Nobody escapes,” the ECRI executive told me after reading today’s economic tea leaves– which were seriously negative and  distinctly different than the growth predicted by most large Wall Street institutions.

By underscoring “nobody escapes,” I believe Acouthan was referring to China, where there are signs that higher interest rates and stiff restrictions on bank reserves have begun to bite into  industrial  growth and commodity prices.

Acouthan believes stock markets and commodity prices, especially metals and energy, will continue to be under pressure.

And Wednesday’s plummeting share prices in the US were dramatic, as investors ran for the exits and drove the indexes down  a solid 2%. New jobs in the private sector were meager, and home prices weakened again to the point wherer prices in many cities have returned to pre-2002 levels. I anticipate more softness in residential homes, which wil cetainly affect consumer sentiment.

Then, too, the yield on 10 year Treasuries, the most watched interest rate in financial markets, keept falling well below the 3% mark, closing at a yield of 2.94% just as my bond guru Bob Smith of Smith Capital had been predicting. So far, PIMCO’s Bill Gross has egg on his face for selling his Treasury bonds and then going short– betting that interest rates would spike and bond prices weaken.

GM shares plummeted on the surprisingly weak sales of autos in the most recent period. By the end of the trading session shares of integrated oil companies were weaker. Only gold seemed to climb in an undramatic fashion to finish the day higher.

Sadly, the rout of the risk trade may mean that the Fed’s monthly $600 billion QE2  quantitative easing  has not bolstered the economy so much as it induced speculation in stocks and commodities.’

The 10 Most Heavily Traded Stocks Selling Off Big Today Wall St. Cheat Sheet

QE2 a Failure, Forget QE3, Says UBS at The Wall Street Journal 

AT&T Buys T-Mobile Merger Support With Payoffs to United Way, NAACP, Governor's Wife at Minyanville 

Minyanville's T3 Daily Recap: Market Sells Off on Slowing Economy at Minyanville

Stocks Tumble As Weak Economic Data Prompt Recovery Fears Steven Russolillo | U.S. stocks plunged Wednesday after a slew of downbeat reports prompted fears that the nation’s economic recovery is running out of steam.

Market strategist: “We’re on the verge of a great, great depression” CNBC | “What we’ve got right now is almost near panic going on with money managers and people who are responsible for money.”

Fed Ready to Print More Funny Money on QE3 Rumors Kurt Nimmo | Latest effort by the Fed to finance the government’s staggering deficit will end this month.

Amazon Tax Bill Passes California State Assembly NBC LA | California could collect more than $1 billion a year by taxing Amazon and other online retailers if a bill approved by the Assembly becomes law.

House Republicans Meet With Obama After Rejecting Debt Ceiling Increase Fox | The proposal to raise the nation’s $14.3 trillion ceiling by another $2.4 trillion failed.

Why Gold Is Still a Good Long-Term Investment If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine. It signals problems with respect to currency markets. Central banks should pay attention to it.

Suddenly Everyone Is Warning About The Next Financial Collapse Are we about to see a repeat of 2008 (or something even worse)? Suddenly all kinds of people are coming out of the woodwork and warning that we could be on the verge of the next major financial collapse.

One percent holds 39 percent of global wealth Around one percent of households have 39 percent of the globe’s wealth according to a study published Tuesday, pointing to increased inequalities in the wake of the global downturn.

Billion Dollar Fund Managers Agree: The Government Never Fixed the Underlying Economic Problems, So We’ll Have Another Crash While the snake oil salespeople at the retail investing level and the bobble heads on the kool aid selling financial channels have been saying for years that we’re in a “recovery” (albeit a slow one), billion dollar fund managers say that nothing has changed and we’ll have another crash.

National / World

Stocks Tumble As Weak Economic Data Prompt Recovery Fears Steven Russolillo | U.S. stocks plunged Wednesday after a slew of downbeat reports prompted fears that the nation’s economic recovery is running out of steam.

Three Powerful New Films Coming to the Infowar PrisonPlanet.tv | We have added several exclusive bombshell video interviews for subscribers at Prison Planet.tv

Market strategist: “We’re on the verge of a great, great depression” CNBC | “What we’ve got right now is almost near panic going on with money managers and people who are responsible for money.”

Fed Ready to Print More Funny Money on QE3 Rumors Kurt Nimmo | Latest effort by the Fed to finance the government’s staggering deficit will end this month.

18 Signs Life In U.S. Public Schools Now Equivalent To Life In U.S. Prisons The American Dream | When I was young we would joke that going to school was like going to prison, but today that is actually true.

Florida governor signs welfare drug-screen measure CNN | Claims welfare payments subsidize drug addiction.

Ron Paul: We Are Enabling A Future American Dictatorship Steve Watson | 2012 candidate warns that lack of oversight is enabling the rise of a dictatorship in the US.

The Federal Reserve Cartel: The Eight Families Dean Henderson | Four Horsemen of Banking are among the top ten stock holders of virtually every Fortune 500 corporation.

Fukushima: French research institute finds high radioactivity NHK | Radiation in Fukushima Prefecture 60 times higher than the annual reference level.

NATO extends Libya air war, says Kadhafi will go AFP | NATO Wednesday extended its Libyan air war by three months. Drudgereport: FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not Weeks'...

‘Summer of War’ by NATO: 90 more days of Libya bombing NATO has declared its extending its operation in Libya by another three months. The alliance chief says this decision is meant to prove to Muammar Gaddafi that the alliance is determined to fulfil the UN mandate. Let’s cross live to James Corbett an editor of an independent news website to discuss the latest developments.

Military Escalation: “Phase Two” of the War on Libya A new phase of the war is unfolding leading to a process of military escalation as well the eventual landing of US-NATO commandos on Libya’s shores. An unprecedented deployment of naval power in the Mediterranean is occurring.

Psych drug doctors now pushing to add lithium to drinking water Chlorine, fluoride, and the various other chemical poisons already added to the nation’s drinking water supplies are apparently not enough for the self-appointed experts whose insatiable lust to force-medicate the world is never satisfied.

Tiny Payout In TSA Breast Exposure Lawsuit The U.S. government paid a paltry $2350 to settle a lawsuit brought by a Texas woman who sued the Transportation Security Administration after her breasts were exposed during a vigorous frisking at a Texas airport, records show.

Strategist: World On The Verge Of Great, Great Depression And The Fed Knows It A notable market strategist has told CNBC that the world is on the verge of the largest financial meltdown in history, warning that Wall Street is at a loss as to what to do regarding the ailing economy.

Stocks sink as banks slash jobs outlook Stocks skidded on Wednesday as more weak economic data cemented fears the U.S. recovery was running out of steam and prompted Wall Street firms to slash forecasts ahead of the closely watched payrolls report on Friday.

Obama Bailout of Gov’t Motors to Cost Taxpayers at Least $14 Billion A report today from the president’s National Economic Council says the government will lose less than $16 billion — which would amount to 20% of the $80 billion spent to bail out the U.S. auto industry.

Check Out These Exclusive New Videos At Prison Planet.tv We have added several exclusive bombshell video interviews for subscribers at Prison Planet.tv – with more to come. Check out the trailers for these new presentations below and consider becoming a member at Prison Planet.tv.

NATO extends Libya operations to September NATO said on Wednesday it had extended its Libyan mission for a further 90 days, after Muammar Gaddafi made it clear he would not step down, dashing hopes of a negotiated end to the uprising against his rule.

Fed Ready to Print More Funny Money on QE3 Rumors Simon Maughn, co-head of European equities at MF Global, has told CNBC that a third round of so-called quantitative easing is in the works. The private Federal Reserve will again become the marginal buyer of bonds.

Gen. Hamid Gul: US will start WW3 if war expands to Pakistan Amid the fallout between Washington and Islamabad over the killing of Osama Bin Laden, RT spoke to Hamid Gul, former chief of Pakistan’s Intelligence Agency. He calls the US a haughty empire spoiled by a sense of authority.

Rep. Paul to Fed: Tell Us Everything, or Else The chairman of the House subcommittee that oversees the Federal Reserve demanded Tuesday that the Fed fully disclose details of billions — perhaps trillions — in secret emergency loans it made to almost every major bank in the U.S. and overseas during the financial crisis or face a congressional subpoena for the information.

Housing market ‘double dips’ The prices of single-family homes dropped to their lowest level since April 2009. Consumer confidence drops to six-month low (Washington Post) [ Little more much worse than expected very bad news and we’ll see new highs on fraudulent wall street. And, no; the worse than expected news was not ‘already baked into valuations / pricing. Just manipulated fraud as before and as always on fraudulent wall street. Globally, and in fraudulent america particularly, the stock markets / bourses are a total joke as they try to window dress their end of month figures based on b*** s*** alone. We’ve seen this before as it played out in the prior phase of this ongoing financial crisis. Shiller Home Price Index comes in at 100% worse than expectations … and don’t forget, that includes the dollar debasing realities which makes this report even more dire. Take this ‘me too’ pop on fraudulent wall street as an especially great opportunity to sell, take profits since there is much, much worse to come. Remember: ‘sell in May and go away’ … so … don’t be a lune, loon, sell in June! Another Financial Crisis Is On The Way, Mobius Says STOCKS HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline..’ ] States face shortfall for retirees (WP) Public workers’ retirement funds had a gap of $1.26 trillion at the end of fiscal 2009 (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast turmoil to obfuscate their failure. Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart.]

Report: SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s over objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented with authority in the book Goombata: The Improbable Rise and Fall of John Gotti and His Gang John Cummings (Author), Ernest Volkman (Author) Though having but 5% of the world’s population, u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:

Focus Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs, extinction, at least in a manner of speaking. Global information exchange at lightning speed has made such throwbacks to a lost era, propaganda, and maladaptive traits foolish at best, deadly at worst. Intelligent people worldwide aren’t buying the obsolete, Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc..; more specifically, diversion of the masses from the glaring failures of leadership, economic and otherwise.

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Milbank: Congress clocks in to clock out (Washington Post) [ ‘At 10 a.m. Tuesday morning, the Senate came to order. Forty-one seconds later, it adjourned. During this legislative session, there was no bill under consideration, no debate on the floor, not even an opening prayer or a pledge of allegiance. The only senator in the chamber was Mark Warner (D-Va.), the presiding officer. ‘After completing his gavel duties, Warner looked up at the 20 tourists in the public gallery and wondered aloud to the clerk what the spectators must think of the proceedings.“They think, ‘this is our government?’ ” the clerk replied. That’s if they’re being charitable. The Senate is supposed to be in Memorial Day recess this week. But the chamber is so ungovernable that Majority Leader Harry Reid doesn’t even have the votes to declare a recess. So he decided instead to have a few “pro forma” sessions, such as Tuesday’s, allowing senators to take a vacation without voting for it. In a sense, the Senate has been in a pro-forma session all year…’ Now who’s being charitable … I’d say Mr. Milbank in his euphemistic description supra as well as his unflinching defense of wobama the b (for b***s***) despite wobama’s reneging on virtually all his campaign promises / rhetoric to the nation’s unequivocal detriment. Thus, it is indeed Mr. Milbank, journalistically speaking, who as well clocks in to clock out. Simply put, wobama is nothing less than the worst of the democratic platform combined with the worst of the republican platform. At near single digit approval rates for congress, I find it difficult to imagine a realistic approval rate for wobama exceeding same. Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Senate Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a hard place called Afghanistan; indeed they are. [Pakistani troops, NATO helicopters engage in firefight 6th soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan Jones | U.S. intelligence is that bin Laden needs dialysis every 3 days/ http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST… FLASHBACK: Editorial: US in quagmire War in Afghanistan and Iraq costs America $1trillion Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Karzai orders change in U.S. strategy Afghan president’s ultimatum could complicate U.S. drawdown. (Washington Post) [ Karzai’s always been hot-air and antithetical to the true sovereign interests of Afghanistan, acting more as a war criminal nation american shill. Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Senate Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a hard place called Afghanistan; indeed they are. [Pakistani troops, NATO helicopters engage in firefight 6th soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan Jones | U.S. intelligence is that bin Laden needs dialysis every 3 days/ http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST… FLASHBACK: Editorial: US in quagmire War in Afghanistan and Iraq costs America $1trillion Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

House rejects debt ceiling increase The 317-to-98 vote was a bipartisan rejection of extending the nation’s current debt limit of $14.3 trillion unless major spending reductions accompany the legislation. (Washington Post) [ Well, perish the thought that increases in liabilities should be commensurate with decreases in liabilities to maintain a … balance … sheet? At this point, who’s counting? After all, are there really degrees of defacto bankruptcy? Or, an either / or absolute state; viz., you are or you’re not defacto bankrupt. Pervasively corrupt, defacto bankrupt america is in fact defacto bankrupt! … Wall Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press” climaxed Sunday  with a startling market prognostication from David Brooks, conservative columnist for the NY Times. The risk of a debt default over the combustible issue of the Medicare deficit hangs over the course of the stock market. Buyers Beware!“I was up in Wall Street  this week,” Brooks said. “They’re vastly underestimating the source of piolitical risk here. We could have a major problem, I think, either this summer or the next couple years. And I’d be worried about investing too much in the market. That’s my financial advice.”I have to admit Brooks woke me up. I had blithely been assuming a deal to raise the debt limit would get resolved at the last minute–the classic American way. But, the showdown between Republican cutters and Democrat defenders of Medicare may a lot more treacherous a path than I anticipated.And the potential deep cuts underscore what I mentioined in my “Market’s Wall of Worry” post yesterday about the prospects of the  Income line of the GDP  being reduced by necessity. Cut Medicare and lerss money will be spent on health care, less money on medical instruments, less money on drugs, on pills, on doctotrs visits.Less money on healthcare means less money circulating and so less tax  revenue. It’s a future scenario few of us want to contemplate. A runup to possible default will not be positive for the stock market. Even if dfefault is avoided then,  the notion that Wall Street doesn’t get the crisis measns there’s too much denial of reality in stock prices. I’m with David Brooks.’ … TEMPLETON chairman: Financial Crisis 'Around Corner'... By Kana Nishizawa / Bloomberg - May 30, 2011 ‘ Mark Mobius, executive chairman of Templeton Asset Management’s emerging markets group, said another financial crisis is inevitable because the causes of the previous one haven’t been resolved …’ STOCKS HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Business Insider Joe Weisenthal …

Globally, and in fraudulent america particularly, the stock markets / bourses are a total joke as they try to window dress their end of month figures based on b*** s*** alone. We’ve seen this before as it played out in the prior phase of this ongoing financial crisis. Shiller Home Price Index comes in at 100% worse than expectations … and don’t forget, that includes the dollar debasing realities which makes this report even more dire. Take this ‘me too’ pop on fraudulent wall street as an especially great opportunity to sell, take profits since there is much, much worse to come. Remember: ‘sell in May and go away’ … so … don’t be a lune, loon, sell in June! Another Financial Crisis Is On The Way, Mobius Says STOCKS HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline..’ ] States face shortfall for retirees (WP) Public workers’ retirement funds had a gap of $1.26 trillion at the end of fiscal 2009 Study: Affordable rentals scarce (WP) Poll: For Obama, low marks on Afghan war (WP) More Americans disapprove of President Obama’s management of the war in Afghanistan than support it Fuel prices cut into Obama popularity (WP) (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast turmoil to obfuscate their failure. Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come! America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart.]

Globally, and in fraudulent america particularly, the stock markets / bourses are a total joke as they try to window dress their end of month figures based on b*** s*** alone. We’ve seen this before as it played out in the prior phase of this ongoing financial crisis. Shiller Home Price Index comes in at 100% worse than expectations … and don’t forget, that includes the dollar debasing realities which makes this report even more dire. Take this ‘me too’ pop on fraudulent wall street as an especially great opportunity to sell, take profits since there is much, much worse to come. Remember: ‘sell in May and go away’ … so … don’t be a lune, loon, sell in June! Another Financial Crisis Is On The Way, Mobius Says STOCKS HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline..’ ] States face shortfall for retirees (WP) Public workers’ retirement funds had a gap of $1.26 trillion at the end of fiscal 2009 Study: Affordable rentals scarce (WP) Poll: For Obama, low marks on Afghan war (WP) More Americans disapprove of President Obama’s management of the war in Afghanistan than support it Fuel prices cut into Obama popularity (WP) (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast turmoil to obfuscate their failure. Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come! America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart.]

The Market’s Wall of Worry [ http://blogs.forbes.com/robertlenzner/2011/05/29/the-markets-wall-of-worry ] Robert Lenzner Street Talk ‘

* QE2 will be over in 30 days. That removes a $600 billion injection of money in the financial system.

*The bottom line all talks of cuts is less federal, state and local spending. Removes money from income total for the nation.

*Meanwhile, cost of healthcare,  food, transportation continues to rise squeezing middle class.

*The yield on 10 year Treasuries is 3.11% and trending lower in anticipation soifter economy.

*Housing market could continue weak for some years, not months, affecting millions of ordinary Americans.

* Price of crude oil makes gasoline expensive and brings demand destruction.

* Stocks rally now over 2 years old. Commodities have also run up bigtime.

* China trying to slow its economic growth and having difficulty doing so.

*Europe facing costly bailouts troubled nations and weaker financial institutions.

*Showdown over Palestinian state could lead to another outbreak hostilities in the Middle East.

*If US, Europe and China slowing what are the prospects for global economy, corporate profits, market valuations?

*Japan badly hurt by earthquake and tsumami.

*Trade volumes decline more sharply than output during downturns according to The Economist.

*But OECD predicts GDP up 4.2% and trade volumes gain 8%.

The Beginning of the End of QE2 and 18 Other Issues Making Investors NervousTue May 31st, 2011Lloyd Khaner Lloyd's Wall of Worry remains relatively high, meaning now is the time to look for stock market bargains.
The technical charts continue to dumbfound investors, while unwelcome world events -- stunning inflation in India, ongoing unrest in the Middle East, and massive power shortages in China -- are sending the jitters through global markets. The Wall of Worry, therefore, remains relatively-high this week, at 19 blocks. For more on how to use this column as an investing tool, see "What is Lloyd's Wall of Worry?" below. For a look at the the specific issues making investors nervous right now, keep reading.

Week of May 30 - June 3
Worry count: 19

QE II: My wife says, "What’s all the hubbub about the QE II? “It’s a really lovely ship, with bingo on the Lido deck and lots of well dressed people with cool accents from all over the world.” God, I love that woman! (Click here for our ticking QE2 countdown clock.)

U.S. ECONOMY: From hero to zero in one quick month. Hey, June, can you throw us a bone here?

UNEMPLOYMENT: Job Creation Plan: Hire people to go out and count all the houses that are for sale, are in foreclosure, are empty and are inhabited by non-human animals. Not a perfect plan I admit, but give me cred for its original, unique, and entirely hare-brained nature.

U.S. DEBT CEILING: The latest in a long list of political footballs. This time each side is just punting the ball back and forth without any real effort to score. For the first time in head-to-head competitive history, both teams may find a way to lose.

INVESTOR SENTIMENT: Call it a Dickens Market -- it was the best of times and now it’s nearly the worst of times as extreme bullish sentiment becomes extremely bearish in just a week or so.

HOUSING CRISIS: A recent government press release says it will take 9.2 months to sell all the homes on the market right now. Of course, the specific year/decade those 9.2 months will fall into the release didn’t specify.

INFLATION: India, strong in many ways but not known to be No. 1 in any one economic sector -- until now. It has just landed the coveted top spot as the Asian economy with the highest inflation, fueled by a estimated salary increase of 13% in 2011. अचà¥�छा दà¥�: ख! That’s “good grief!” in Hindi.

STOCK MARKET TECHNICALS: Went to one of those Spiritual Readers and Advisors to get the answer to this technical mayhem and was next in to meet with “Wilomena of Wall Street” when my appointment got canceled. She picked up 1,000 LinkedIn (LNKD) IPO shares and flipped them, thus declaring huge profits and retirement. The market mystery continues…

FLOODS, TORNADOES, VOLCANOES: Well, we made it through The Rapture and we have a good year and a half until Mayan 2012 hits, but in the meantime Mother Nature is reminding us that she is and always has been the real deal.

OIL PRICES: Coming off the boil and therefore unlikely to do the damage of a full-on “oil shock”. Kind of like setting the cattle prod on 7 rather than 10. You get the full behavioral effect plus you live to share your experience with the rest of the herd.

ARAB SPRING: Don’t look now but spring is about to turn into summer. Summer can be warm, sunny and bright, or hot and blazing with fight. As the Zen Master says, “We’ll see.”

LIBYA: More top officials leaving -- this time it's the chair of Libya's state oil company. Could be a real sign of trouble for Mo-Mo, or maybe the oil chief is taking a cue from America's CEOs and "spending more time with family."

JAPAN: Back into recession, back on the ropes. "It's about how hard you can get it and keep moving forward. How much you can take and keep moving forward." For what it’s worth, my money’s on Japan moving forward again.

CHINA: Starting to limit power usage at manufacturers as the hydro and coal situation is a bit tight in the land of endless growth. Sounds a little scary for the GDP, but put a “China Going Green” spin on it and no one will notice.

RING OF FIRE + SPAIN + TURKEY: This earthquake thing is spreading in strange ways. Not the good spread like hot fudge over a sundae, more like that hiking rash you get when going off trail in your shorts.

CURRENCIES: The state of Utah officially legalizes gold and silver as currency. Likely just a ruse to get people to buy, store, and borrow against gold in the state. And likely to work very well.

SOVEREIGN DEBT: Another June, another class of American college grads moves their tassels and hit the streets. Hottest graduation gift trending now: One-Year Credit Default Swaps on U.S. Debt. Inspiring to them, I’m sure.

COMMODITIES: Modern economic employment options are varied and I ain’t complaining, but seeing the parabolic moves in all things that grow in the ground, well, "Green Acres is the place for me."

INTERNATIONAL MONETARY FUND: The world’s banker or a moveable feast? Or as we say here in the U.S. “Animal House, Animal House.”


What is Lloyd's Wall of Worry?

by Lloyd Khaner

Welcome to my at-a-glance guide to the issues facing investors this week -- a unique tool for traders and money managers.

Typically the term "wall of worry,” refers to the entire body of concerns influencing stock market action. When the wall is high, meaning the market is nervous, stocks tend to get cheaper.

This wall of worry is even more specific. Every week I list the exact concerns in the marketplace and use the list to help me make buying and selling decisions. As I like to say, "Buy fear, sell cheer."

In other words, once the the wall rises above 15 blocks, start looking for deals. If the dial sinks below 10, consider selling; prices have likely peaked.

Click on the image below to view the interactive Wall of Worry page, which now includes a QE2 countdown clock, ticking down the seconds until the this year's quantitative easing measures come to a halt. http://image.minyanville.com/assets/FCK_Jan2011/Image/Lila2/Wall.May31.jpg ‘

U.S. Home Prices Drop To 2002 Levels, Ho-Hum Says Mr. Market Forbes [ Yeah … they have to say ho-hum so that they’re not caught saying … duh! Shiller Home Price Index comes in at 100% worse than expectations … and don’t forget, that includes the dollar debasing realities which makes this report even more dire. ]

S&P/Case-Shiller Home Price Indices http://www.standardandpoors.com/indices/sp-case-shiller-home-price-indices/en/us/?indexId=spusa-cashpidff--p-us---- The S&P/Case-Shiller Home Price Indices are the leading measures for the US residential housing market, tracking changes in the value of residential real estate both nationally as well as in 20 metropolitan regions. The indices are calculated monthly and published with a two month lag. New index levels are released at 9am Eastern Standard Time on the last Tuesday of every month.

Latest Press Release

National Home Prices Hit New Low in 2011 Q1 According to the S&P/Case-Shiller Home Price Indices(PDF)

31-May-2011 09:00

Data through March 2011, released today by Standard & Poor’s for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, show that the U.S. National Home Price Index declined by 4.2% in the first quarter of 2011...

* The S&P/Case-Shiller Home Price Indices are calculated monthly using a three-month moving average and published with a two month lag. New index levels are released at 9 am on the last Tuesday of every month.

(data as of 31-May-2011)

Home Price Index Levels

March 2011

March 2011

Home Price Sales Pair Counts

March 2011

Not Calculated

U.S. National Index Levels

Q1 2011

Q1 2011

Home Price Tiered Index Levels

March 2011

March 2011

Condominium Index Levels

March 2011

March 2011

Condominium Sales Pair Counts

March 2011

Not Calculated

Key Housing Indicators (Monthly)

March 2011 (as of 31-May)

The Latest Indicators are usually updated by 2 pm on the last Tuesday of every month.

Index Announcements

National Home Prices Hit New Low in 2011 Q1 According to the S&P/Case-Shiller Home Price Indices

Data through March 2011, released today by Standard & Poor’s for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, show that the U.S. National Home Price Index declined by 4.2% in the first quarter of 2011...

Home Prices Edge Closer to 2009 Lows According to the S&P/Case-Shiller Home Price Indices

Data through February 2011, released today by Standard & Poor’s for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, show prices for the 10- and 20-city composites are lower than a year ago but still slightly above...

Home Prices Off to a Dismal Start in 2011 According to the S&P/Case-Shiller Home Price Indices

Data through January 2011, released today by Standard & Poor’s for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, show further deceleration in the annual growth rates in 13 of the 20 MSAs and the 10- and 20-City...

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S&P/Case-Shiller Home Price Indices: 2009 A Year In Review

NATIONAL HOME PRICES HIT NEW LOW IN 2011 Q1

According to the S&P/Case-Shiller Home Price Indices

New York, May 31, 2011 – Data through March 2011, released today by Standard & Poor’s for its

S&P/Case-Shiller1 Home Price Indices, the leading measure of U.S. home prices, show that the U.S.

National Home Price Index declined by 4.2% in the first quarter of 2011, after having fallen 3.6% in the

fourth quarter of 2010. The National Index hit a new recession low with the first quarter’s data and

posted an annual decline of 5.1% versus the first quarter of 2010. Nationally, home prices are back to

their mid-2002 levels.

As of March 2011, 19 of the 20 MSAs covered by S&P/Case-Shiller Home Price Indices and both

monthly composites were down compared to March 2010. Twelve of the 20 MSAs and the 20-City

Composite also posted new index lows in March. With an index value of 138.16, the 20-City Composite

fell below its earlier reported April 2009 low of 139.26. Minneapolis posted a double-digit 10.0% annual

decline, the first market to be back in this territory since March 2010 when Las Vegas was down 12.0%

on an annual basis. In the midst of all these falling prices and record lows, Washington DC was the only

city where home prices increased on both a monthly (+1.1%) and annual (+4.3%) basis. Seattle was up a

modest 0.1% for the month, but still down 7.5% versus March 2010.

1 Case-Shiller® and Case-Shiller Indexes® are registered trademarks of Fiserv, Inc.

The chart on the previous page depicts the annual returns of the U.S. National, the 10-City Composite

and the 20-City Composite Home Price Indices. The S&P/Case-Shiller U.S. National Home Price Index,

which covers all nine U.S. census divisions, recorded a 5.1% decline in the first quarter of 2011 over the

first quarter of 2010. In March, the 10- and 20-City Composites posted annual rates of decline of 2.9%

and 3.6%, respectively. Thirteen of the 20 MSAs and both monthly Composites saw their annual growth

rates fall deeper into negative territory in March. While they did not worsen, Chicago, Phoenix and

Seattle saw no improvement in their respective annual rates.

“This month’s report is marked by the confirmation of a double-dip in home prices across much of the

nation. The National Index, the 20-City Composite and 12 MSAs all hit new lows with data reported

through March 2011. The National Index fell 4.2% over the first quarter alone, and is down 5.1%

compared to its year-ago level. Home prices continue on their downward spiral with no relief in sight.”

says David M. Blitzer, Chairman of the Index Committee at S&P Indices. “Since December 2010, we

have found an increasing number of markets posting new lows. In March 2011, 12 cities - Atlanta,

Charlotte, Chicago, Cleveland, Detroit, Las Vegas, Miami, Minneapolis, New York, Phoenix, Portland

(OR) and Tampa - fell to their lowest levels as measured by the current housing cycle. Washington D.C.

was the only MSA displaying positive trends with an annual growth rate of +4.3% and a 1.1% increase

from its February level.

“The rebound in prices seen in 2009 and 2010 was largely due to the first-time home buyers tax credit.

Excluding the results of that policy, there has been no recovery or even stabilization in home prices

during or after the recent recession. Further, while last year saw signs of an economic recovery, the most

recent data do not point to renewed gains.

“Looking deeper into the monthly data, 18 MSAs and both Composites were down in March over

February. The only two which weren’t, are Washington DC, up 1.1%, and Seattle, up 0.1%. Atlanta,

Cleveland, Detroit and Las Vegas are the markets where average home prices are now below their

January 2000 levels. With a March index level of 100.27, Phoenix is not far off.”

S&P/Case-Shiller U.S. National Home Price Index

[chart]

US National, index level (left)

US National, %chya (right)

Nationally, home prices are back

to their mid-2002 levels

Record low decline of 18.9% in

2009Q1 (solid line)

National

index hits

new low in

2011Q1

(dotted line)

Source: Standard & Poor's and Fiserv

2011 Q1 2011 Q1/2010 Q4 2010 Q4/2010 Q3

Level Change (%) Change (%) 1-Year Change (%)

U.S. National Index 125.41 -4.2% -3.6% -5.1%

March 2011 March/February February/January

METROPOLITAN AREA LEVEL CHANGE (%) CHANGE (%) 1-YEAR CHANGE (%)

ATLANTA 98.36 -1.9% -0.1% -5.2%

BOSTON 147.36 -1.7% -1.5% -2.7%

CHARLOTTE 106.96 -2.4% -1.3% -6.8%

CHICAGO 110.57 -2.4% -2.2% -7.6%

CLEVELAND 96.80 -1.8% -0.7% -6.3%

DALLAS 112.89 -0.8% -0.2% -2.5%

DENVER 120.55 -0.6% -1.2% -3.8%

DETROIT 67.07 -2.0% 0.8% -0.9%

LAS VEGAS 97.18 -1.1% -1.0% -5.3%

LOS ANGELES 167.77 -0.3% -1.0% -1.7%

MIAMI 137.28 -0.8% -2.0% -6.1%

MINNEAPOLIS 105.57 -3.7% -3.3% -10.0%

NEW YORK 163.50 -0.9% -0.6% -3.4%

PHOENIX 100.27 -0.5% -0.7% -8.4%

PORTLAND 132.67 -0.7% -1.6% -7.6%

SAN DIEGO 153.88 -0.8% -1.3% -4.0%

SAN FRANCISCO 129.82 -0.1% -2.6% -5.1%

SEATTLE 132.97 0.1% -1.9% -7.5%

TAMPA 127.08 -0.7% -0.8% -6.9%

WASHINGTON 182.98 1.1% -0.3% 4.3%

COMPOSITE-10 151.66 -0.6% -1.2% -2.9%

COMPOSITE-20 138.16 -0.8% -1.1% -3.6%

Source: Standard & Poor's and Fiserv

Data through March 2011

The chart on the previous page shows the index levels for the U.S. National Home Price Index, as well as

its annual returns. As of the first quarter of 2011, average home prices across the United States are back

at their mid-2002 levels. The National Index level hit a new low in the first quarter of 2011; it fell by

4.2% in the first quarter of 2011 and is 5.1% below its 2010Q1 level.

Eleven cities and both Composites have posted at least eight consecutive months of negative month-overmonth

returns. Of these, eight cities are down 1% or more. The only cities to post positive improvements

in March versus their February levels are Seattle and Washington D.C. with monthly returns of +0.1%

and +1.1% respectively.

The table below summarizes the results for March 2011. The S&P/Case-Shiller Home Price Indices are

revised for the 24 prior months, based on the receipt of additional source data. More than 23 years of

history for these data series is available, and can be accessed in full by going to

www.homeprice.standardandpoors.com

Since its launch in early 2006, the S&P/Case-Shiller Home Price Indices have published, and the markets

have followed and reported on, the non-seasonally adjusted data set used in the headline indices. For

analytical purposes, Standard & Poor’s does publish a seasonally adjusted data set covered in the

headline indices, as well as for the 17 of 20 markets with tiered price indices and the five condo markets

that are tracked.

A summary of the monthly changes using the seasonally adjusted (SA) and non-seasonally adjusted

(NSA) data can be found in the table below.

NSA SA NSA SA

US National -4.2% -1.9% -3.6% -1.8%

Metropolitan Area NSA SA NSA SA

Atlanta -1.9% -1.2% -0.1% 0.6%

Boston -1.7% -0.9% -1.5% -0.7%

Charlotte -2.4% -2.6% -1.3% -0.8%

Chicago -2.4% -0.8% -2.2% -0.7%

Cleveland -1.8% -1.3% -0.7% 0.6%

Dallas -0.8% -0.8% -0.2% 0.3%

Denver -0.6% -0.3% -1.2% -0.5%

Detroit -2.0% -0.7% 0.8% 1.8%

Las Vegas -1.1% -0.6% -1.0% -0.4%

Los Angeles -0.3% 0.1% -1.0% -0.1%

Miami -0.8% 0.3% -2.0% -1.5%

Minneapolis -3.7% -2.5% -3.3% -1.5%

New York -0.9% -0.1% -0.6% -0.2%

Phoenix -0.5% 0.1% -0.7% 0.1%

Portland -0.7% -0.4% -1.6% -0.8%

San Diego -0.8% -0.9% -1.3% -0.8%

San Francisco -0.1% 0.5% -2.6% -1.6%

Seattle 0.1% 0.2% -1.9% -1.7%

Tampa -0.7% 0.0% -0.8% -0.1%

Washington 1.1% 1.2% -0.3% 0.5%

Composite-10 -0.6% -0.1% -1.2% -0.3%

Composite-20 -0.8% -0.2% -1.1% -0.2%

Source: Standard & Poor's and Fiserv

Data through March 2011

March/February Change (%) February/January Change (%)

2011 Q1/2010 Q4 2010 Q4/2010 Q3

S&P Indices has introduced a new blog called HousingViews.com. This interactive blog delivers realtime

commentary and analysis from across the Standard & Poor’s organization on a wide-range of topics

impacting residential home prices, homebuilding and mortgage financing in the United States. Readers

and viewers can visit the blog at www.housingviews.com, where feedback and commentary is certainly

welcomed and encouraged.

The S&P/Case-Shiller Home Price Indices are published on the last Tuesday of each month at 9:00 am

ET. They are constructed to accurately track the price path of typical single-family homes located in each

metropolitan area provided. Each index combines matched price pairs for thousands of individual houses

from the available universe of arms-length sales data. The S&P/Case-Shiller National U.S. Home Price

Index tracks the value of single-family housing within the United States. The index is a composite of

single-family home price indices for the nine U.S. Census divisions and is calculated quarterly. The

S&P/Case-Shiller Composite of 10 Home Price Index is a value-weighted average of the 10 original

metro area indices. The S&P/Case-Shiller Composite of 20 Home Price Index is a value-weighted

average of the 20 metro area indices. The indices have a base value of 100 in January 2000; thus, for

example, a current index value of 150 translates to a 50% appreciation rate since January 2000 for a

typical home located within the subject market.

These indices are generated and published under agreements between Standard & Poor’s and Fiserv, Inc.

The S&P/Case-Shiller Home Price Indices are produced by Fiserv, Inc. In addition to the S&P/Case-

Shiller Home Price Indices, Fiserv also offers home price index sets covering thousands of zip codes,

counties, metro areas, and state markets. The indices, published by Standard & Poor's, represent just a

small subset of the broader data available through Fiserv.

For more information about S&P Indices, please visit www.standardandpoors.com/indices.

About S&P Indices

S&P Indices, the world’s leading index provider, maintains a wide variety of investable and benchmark

indices to meet an array of investor needs. Over $1.25 trillion is directly indexed to Standard & Poor's

family of indices, which includes the S&P 500, the world's most followed stock market index, the

S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an

index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely watched

commodities index, and the S&P National AMT-Free Municipal Bond Index, the premier investable index

for U.S. municipal bonds. For more information, please visit www.standardandpoors.com/indices.

Standard & Poor’s does not sponsor, endorse, sell or promote any S&P index-based investment product.

For more information:

David R. Guarino

Standard & Poor’s

Communications

212-438-1471

[email protected]

David Blitzer

Standard & Poor’s

Chairman of the Index Committee

212-438-3907

[email protected]

Wall Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press” climaxed Sunday  with a startling market prognostication from David Brooks, conservative columnist for the NY Times. The risk of a debt default over the combustible issue of the Medicare deficit hangs over the course of the stock market. Buyers Beware!“I was up in Wall Street  this week,” Brooks said. “They’re vastly underestimating the source of piolitical risk here. We could have a major problem, I think, either this summer or the next couple years. And I’d be worried about investing too much in the market. That’s my financial advice.”I have to admit Brooks woke me up. I had blithely been assuming a deal to raise the debt limit would get resolved at the last minute–the classic American way. But, the showdown between Republican cutters and Democrat defenders of Medicare may a lot more treacherous a path than I anticipated.And the potential deep cuts underscore what I mentioined in my “Market’s Wall of Worry” post yesterday about the prospects of the  Income line of the GDP  being reduced by necessity. Cut Medicare and lerss money will be spent on health care, less money on medical instruments, less money on drugs, on pills, on doctotrs visits.Less money on healthcare means less money circulating and so less tax  revenue. It’s a future scenario few of us want to contemplate. A runup to possible default will not be positive for the stock market. Even if dfefault is avoided then,  the notion that Wall Street doesn’t get the crisis measns there’s too much denial of reality in stock prices. I’m with David Brooks.’

TEMPLETON chairman: Financial Crisis 'Around Corner'... By Kana Nishizawa / Bloomberg - May 30, 2011 ‘ Mark Mobius, executive chairman of Templeton Asset Management’s emerging markets group, said another financial crisis is inevitable because the causes of the previous one haven’t been resolved. “There is definitely going to be another financial crisis around the corner because we haven’t solved any of the things that caused the previous crisis,” Mobius said at the Foreign Correspondents’ Club of Japan in Tokyo today in response to a question about price swings. “Are the derivatives regulated? No. Are you still getting growth in derivatives? Yes.” The total value of derivatives in the world exceeds total global gross domestic product by a factor of 10, said Mobius, who oversees more than $50 billion. With that volume of bets in different directions, volatility and equity market crises will occur, he said. The global financial crisis three years ago was caused in part by the proliferation of derivative products tied to U.S. home loans that ceased performing, triggering hundreds of billions of dollars in writedowns and leading to the collapse of Lehman Brothers Holdings Inc. in September 2008. The MSCI AC World Index of developed and emerging market stocks tumbled 46 percent between Lehman’s downfall and the market bottom on March 9, 2009. “With every crisis comes great opportunity,” said Mobius. When markets are crashing, “that’s when we’re going to be able to invest and do a good job,” he said. The freezing of global credit markets caused governments from Washington to Beijing to London to pump more than $3 trillion into the financial system to shore up the global economy. The MSCI AC World gauge surged 99 percent from its March 2009 low through May 27.

‘Too Big to Fail’

The largest U.S. banks have grown larger since the financial crisis, and the number of “too-big-to-fail” banks will increase by 40 percent over the next 15 years, according to data compiled by Bloomberg. Separately, higher capital requirements and greater supervision should be imposed on institutions deemed “too important to fail” to reduce the chances of large-scale failures, staff at the International Monetary Fund warned in a report on May 27. “Are the banks bigger than they were before? They’re bigger,” Mobius said. “Too big to fail.” The money manager had earlier said at the same event that Africa has an “incredible” investment potential and that he has stakes in Nigerian banks.

“These banks are doing very well and are much better regulated than they were in the past,” Mobius said, without disclosing which lenders he holds. Banks account for five of the eight stocks in the MSCI Nigeria (MXNI) Index. Guaranty Trust Bank Plc, the country’s No. 2 lender by market value, surged 31 percent in the six months through May 27, according to data compiled by Bloomberg. Shares of Access Bank Nigeria Plc recorded the second-biggest decline on the gauge in the period, the data show.

To contact the reporter on this story: Kana Nishizawa in Tokyo at [email protected]

To contact the editor responsible for this story: Nick Gentle at [email protected] ‘

U.S. Home Prices Drop To 2002 Levels, Ho-Hum Says Mr. Market Forbes Steve Schaefer ‘Wall Street appears to have already priced in the latest batch of feeble data from the housing market, with the major indexes opening sharply higher despite a weak reading from the March S&P/Case-Shiller index.

The 20-city index was down 3.6% from a year ago in March, marking “the confirmation of a double-dip in home prices across much of the nation,” said David Blitzer, chairman of the index committee at S&P Indices. “Home prices continue on their downward spiral with no relief in sight.”

For the first quarter, average prices were down 4.2%, after dropping 3.6% over the last three months of 2010. The drop back into a double-dip, which has been anticipated for months, comes as the housing market continues to give back the gains built up during a debt-fueled bubble that saw an unprecedented surge in prices until the subprime meltdown signaled the first cracks in the dam a few years ago.

While the housing market is contributing little, if anything, to the sluggish U.S. economic recovery, the stock market appears reconciled to that fact, mostly because it has been telegraphed for months. Despite the soft reading from the S&P/Case-Shiller index Tuesday, major equity indexes returned from the Memorial Day break with a vengeance.

In the first five minutes of trading the Dow Jones industrial average was up 121 points at 12,563. All 30 blue-chip components were in the green including Home Depot, up 0.5%, which has faced challenges in recent years as its core business operates at the intersection of housing and consumer spending.

The S&P 500 gained 13 points to 1,344, while the Nasdaq added 29 points to 2,826. Among the few big losers in early trading was Nokia, down 13% after cutting its earnings outlook for the second quarter and full fiscal year. (See “Nokia Sees Q2 Worse Than Expected.”)’

Another Financial Crisis Is On The Way, Mobius Says at Forbes Halah Touryalai Working Capital ‘ ‘Warren Buffett called them weapons of mass destruction. Now those same products, known as derivatives, are pushing the world closer to another financial crisis. That’s according to Mark Mobius, executive chairman of Templeton Asset Management’s emerging markets group. Mobius, who over sees more than $50 billion in assets, says another financial crisis is “around the corner” because little has changed since recent collapse of the markets.

“There is definitely going to be another financial crisis around the corner because we haven’t solved any of the things that caused the previous crisis. Are the derivatives regulated? No. Are you still getting growth in derivatives? Yes.”

That was his response to a question about price swings at the Foreign Correspondents’ Club of Japan in Tokyo today, according to Bloomberg.

Derivatives are financial instruments whose value is based on some underlying asset, like a mortgage for instance, and and can be used to either hedge risk or for completely speculative positions. There are all kinds of derivatives investors can invest in or against including something called the death derivative where, you guessed it, investors bet on people’s deaths.

The most infamous derivatives are the ones tied to residential mortgages and which led to the demise of the financial system back in 2008. When homeowners began defaulting on their mortgages the affect was nearly detrimental to all the financial institutions that shared the risk through these exotic derivatives.

An IMF report from 2010 puts it this way:

Over-the-counter (OTC) derivatives markets have grown considerably in recent years, with total notional outstanding amounts exceeding $600 trillion at the end of June 2009 (Figure 3.1). During the financial crisis, the credit default swap (CDS) market, a part of the OTC derivatives market, took center stage as difficulties in financial markets began to intensify and the counterparty risk involved in a largely bilaterally cleared market became apparent. Authorities had to make expensive decisions regarding Lehman Brothers and AIG based on only partially informed views.

In fact, the derivatives battle at Lehman Brothers is still waging on with the counter-parties in Lehman Brothers derivatives trades still looking to get paid for their bets. Bankrupt Lehman has been in talks for over a year with about a dozen big-bank counter-parties about the value of the their claims.

Meanwhile, Mobius says the derivatives market today is still so rife with bets made in different directions that major volatility is inevitable and the equity markets will suffer. He said the total value of derivatives in the world exceeds total global gross domestic product by a factor of 10, according to the Bloomberg report.

The derivatives market is one that regulators are attempting to reform right now with new rules scheduled to be implemented this year. The new rules would require more disclosure and transparency.

But like in other attempts at regulating lucrative lines of business regulators are facing resistance from Wall Street friendly lawmakers looking to extend the deadline.

Last week, U.S. Rep. Spencer Bachus co-sponsored a bill that would approve a measure to delay the implementation of to September 2012. The legislation to delay the implementation of rules was passed last week with Bachus saying the move was neccessary to “restore order to the Dodd-Frank Act derivatives rulemaking process.” ‘

STOCKS HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Business Insider Joe Weisenthal, Tuesday May 31, 2011 ‘Anyone of the bearish persuasion is pulling their hair out right now.

But first, the scoreboard:

Dow: +123.59
NASDAQ: +36.20
S&P 500: +13.12

And now, the top stories:

• Without a doubt, the #1 story of the moment is the situation in Greece, a story that's now more than a year old. Over the weekend, it emerged that the "Troika" (ECB, IMF, EU) were close to a deal, though nothing is signed yet. Nonetheless, the euro surged, and European markets wen nuts.

• (Asian markets also had a really big day, despite Moody's warning about Japanese debt, and ongoing concerns about China.)

• By the time the US morning came around, it was all risk-on all the time. 

• But then lots of bad news came. At 9:00 AM Case-Shiller showed a sharper than expected fall in home prices in March. Then Chicago PMI came in bad. Then Consumer Sentiment was ugly. Then the Dallas Fed Index dipped into negative territory. The slowdown in the economy is clearly confirmed.

• And although this did cause the marke to pull back, it was obvious that nothing was ever in doubt in terms of the rally, which ended up being huge. There are all kinds explanations, though the simplest is that for now earnings are now holding up, and that's what counts.

• There really wasn't too much on the corporate front with earnings season now officially in the big. Apple shares rose on confirmation that Steve Jobs will appear at the WWDC. Nokia shares got KILLED after the handset maker lowered its outlook. Generally, energy was extremely strong all day, as well. Oh, and bonds had a nice day, continuing to pulverize the shorts.

• For a big list of signs the economy is slowing down, see here > ‘

Greece: Behold the Default Spiral at The Wall Street Journal Matt Phillips ‘Guy LeBas, chief fixed income strategist at Janney Capital Markets, tossed this chart into a research note he published today on the possibilities that the Greece situation could develop into a full-blown European contagion. He writes:

Greece is in the midst of a classic default spiral, one of the great paradoxes of the financial markets. In its simplest form, a debt spiral begins when an issuer, be it a corporation, municipality, or country faces an upcoming obligation which it needs to refinance. If the markets deem that issuer to be a poor credit risk, that issuer’s cost of selling new debt to pay off its upcoming obligation rises, increasing expenses and further impairing credit quality.

If this cycle raises financing costs to unsustainable levels, say 24 – 25%, it becomes wholly impossible for the issuer to pay off upcoming obligations by issuing new ones, hence ensuring a default and earning the name debt or default spiral. As a default spiral is a self-sustaining game, the only way for an issuer to solve a default spiral is by breaking the rules of the game, namely via obtaining external assistance (being acquired, or, in our example, obtaining low cost loans from other governments) or by defaulting. The only way that the first option, obtaining support, can work is if that support somehow restores confidence in the spiraling issuer. [chart http://s.wsj.net/public/resources/images/OB-OC823_Greece_F_20110531145045.jpg ]

Shanghai stocks slide for eighth straight session 30 May 2011 V. Phani Kumar and Michael Kitchen, HONG KONG (MarketWatch) — Mainland Chinese stocks finished lower for an eighth successive session Monday, unable to shake off concerns high inflation will force Beijing to introduce more policies that could result in an economic slowdown. Japanese stocks were pressured by a stronger yen against the U.S. dollar.

Faith In U.S. Dollars And U.S. Debt Is Dead The Game Is Over Michael Snyder | A day is coming when the rest of the world will decide that it no longer has faith in U.S. dollars or in U.S. debt.

Eleven million low and middle-income workers’ pay will ‘flatline’ Mail Online | The average wage taken home by 11 million British workers will remain ‘roughly the same’ until at least 2015.

Memorial Day BBQ will cost you 29% more this year thanks to inflation Mail Online | Those thinking of hosting a BBQ – even a modest one – can expect to fork out an extra $45 on food to serve a dozen guests.

Uranium Stocks Under Siege as Fukushima Continues Spewing Radiation James West | There will be a persistent chorus of uranium investors who have an audience in the media proclaiming uranium to be the ‘contrarian trade of the decade’.

What Would Fractional Silver Mean? Jimm Motyka | I believe that fractional silver is not going to be a trend, but will be the rule in the coming year.

When Faith In U.S. Dollars And U.S. Debt Is Dead The Game Is Over Michael Snyder | A day is coming when the rest of the world will decide that it no longer has faith in U.S. dollars or in U.S. debt.

Save Us From The Tyranny Of Bankers We hope all of our appearances on Greek TV, radio and in the press have helped the educational process and to allow the Greeks to identify who the real culprits are, and what to do about it.

More Political Capture: Goldman Hires Top Republican Fed Transparency Foe; Spends More Time With SEC Than Any Other Bank So for all those hoping for change to Wall Street’s criminal practices, the focus should first be on changing those in both the legislative and regulatory bodies who not only allow, but actively encourage this kind of behavior.

A 62% Top Tax Rate? Democrats have said they only intend to restore the tax rates that existed during the Clinton years. In reality they’re proposing rates like those under President Carter.

The Economic Death Spiral Has Been Triggered For nearly 30 years we have had two Global Strategies working in a symbiotic fashion that has created a virtuous economic growth spiral. Unfortunately, the economic underpinnings were flawed and as a consequence, the virtuous cycle has ended. It is now in the process of reversing and becoming a vicious downward economic spiral.

Utah Law Makes Coins Worth Their Weight in Gold (or Silver) Utah has passed a law intended to encourage residents to use gold or silver coins made by the Mint as cash, but with their value based on the weight of the precious metals in them, not the face value — if, that is, they can find a merchant willing to accept the coins on that basis.

Markets Fret About Euro ‘Slow-Motion Car Crash’ Reports that Greece has not met any of the fiscal targets set by the International Monetary Fund (IMF) and the European Union (EU) as part of its 110 billion euros ($157 billion) bailout knocked down the euro Monday, as other countries in the euro zone are threatened with being dragged into the Greek morass.

Inflation 2011: Honey – They Shrunk Our Paychecks Do you ever have the feeling that there are holes in your pockets? These days our money seems to slip through our hands faster than ever.

The Greek “Ultimatum”: Bailout (For The Bankers) And (Loss Of) Sovereignty So after one year of beating around the bush, it is finally made clear that, as many were expecting all along, the ultimate goal of the Greek “bailouts” is nothing short of the state’s (partial for now) annexation by Europe.

GOLDMAN SACHS: $5 gas this summer...

U.S. home price index falls to double-dip in March Chicago Tribune | National home prices hit a new low in March, giving credence to long-simmering worries about a double dip in the housing market.

Uranium Stocks Under Siege as Fukushima Continues Spewing Radiation James West | There will be a persistent chorus of uranium investors who have an audience in the media proclaiming uranium to be the ‘contrarian trade of the decade’.

What Would Fractional Silver Mean? Jimm Motyka | I believe that fractional silver is not going to be a trend, but will be the rule in the coming year.

Debt Ceiling Tragicomedy Resumes: On Today’s Symbolic, And Doomed, $2.4 Trillion Debt Ceiling Vote Today at 7:00 pm the House will hold a very symbolic vote on a $2.4 trillion debt ceiling increase. Symbolic because it is doomed from the beginning as every single republican will vote no.

Despite Preemptive Gold Margin Hike In Shanghai, Gold Is Poised To Close May Near Record On Sovereign Risk Worries After a near epic margin driven collapse in silver, which appears to have been largely forgotten as the metal has resumed it upward climb, it is gold which has once again regained the crown in the fiat substitute race.

No cash to pay your debts? We’ll take your gold, Greece! This week Max Keiser and co-host, Stacy Herbert, report on the oil traders puking on markets and the gold confiscators eyeing Greece, Portugal, Spain and Italy. In the second half of the show, Max talks to former chief forex trader for VISA, Jon Matonis of TheMonetaryFuture.blogspot.com, about Bitcoin, the new peer-to-peer crypto-currency.

Extreme Couponing: Desperate Economic Times Call For Desperate Measures Even in the midst of a horrific economic decline, there are tools that all of us can use to make the most of our limited resources.

National / World

WHO Lists Cell Phones as Cancer Hazard The United Nations’ health agency, the World Health Organization, now lists mobile phone use in the same “carcinogenic hazard” category as lead, engine exhaust and chloroform.

Texas Lt. Gov. Dewhurst Calls for Special Session Texas Lt. Gov. David Dewhurst, who played a pivotal role in sabotaging a bill that would have criminalized TSA groping in the state’s airports, has written a letter to Gov. Rick Perry asking for a special session.

Nanny State Betrays Decline and Fall of America Two more ridiculous examples of the nanny state kicking into high gear add to the overwhelming weight of evidence indicating that America is in a state of terminal decline, with an overtly authoritarian big government enforcing a command and control system at every level of society.

Ron Paul: We Are Enabling A Future American Dictatorship 2012 Presidential candidate Ron Paul has warned that a lack of oversight from Congress, the media and the American people is enabling the rise of a dictatorship in the US.

Pentagon Declares War On Cyber Enemies The Pentagon has announced that computer intrusions from abroad are to be considered acts of war against the United States and will be answered with conventional military force.

Cyber warfare: Britain developing ‘virtual weapons’ to combat hacker threat A cyber-weapons programme to counter growing threats to national security from cyberspace is being developed by the Government, it emerged today.

Gaddafi appears on Libyan state television with South Africa leader Zuma South African President Jacob Zuma has appeared on television in Libya to say Muammar Gaddafi’s is open to a truce.

Afghan leader warns NATO not to become ‘occupying force’ President Hamid Karzai warned NATO-led forces in Afghanistan on Tuesday they were at risk of being seen as an occupying force rather than an ally after a spate of civilian casualties, and said he would take unspecified “action” if they continue.

Footage of Western Troops Confirms Criminality of War on Libya Proof that armed western forces are on the ground in Libya advising rebels confirms that the entire legal premise behind the NATO-led intervention has been shattered and the campaign is now a criminal act of warfare that has nothing whatsoever to do with the original justification of protecting civilians.

40 Signs The Chinese Economy Is Beating The Living Daylights Out Of The U.S. Economy It is time to face the truth. The Chinese economy is simply beating the living daylights out of the U.S. economy. Whether you want to call it a rout, a slaughter or a thrashing, the reality is that the Chinese are absolutely embarrassing America on the global economic stage.

Western Troops Disguised as Arabs Witnessed on the Ground In Libya Armed westerners have been filmed on the front line with rebels near Misrata in the first apparent confirmation that foreign special forces are playing an active role in the Libyan conflict.

Former Head Of CIA Bin Laden Unit: “Main Recruitment Sergeant For Al Qaida Is Barack Obama” Ex CIA intelligence officer turned whistleblower and activist, Michael Scheuer, has launched a blistering attack on the political establishment, over its handing of the so called war on terror, asserting that the entire rationale behind it is based on outright lies and deception.

Texas Lt. Gov. Dewhurst Does About Face, Calls for Special Session Kurt Nimmo | Dewhurst worked with the feds to get a bill defeated that would have prevented TSA groping.

WHO Lists Cell Phones as Cancer Hazard Kurt Nimmo | Studies into cell phones established link between long term use and brain tumors.

Nanny State Betrays Decline and Fall of America Paul Joseph Watson | Firework ban, tree ordinance latest examples of rampant authoritarian assault on all levels of society

New Mexico Supreme Court Lets Cops Grab Guns During Stops theNewspaper.com | Police officers in New Mexico can take guns away from drivers who pose no threat.

Pentagon Declares War On Cyber Enemies Kurt Nimmo | Pentagon rolls out public relations effort as it prepares to attack official cyber enemies.

U.S. Military Personnel, Veterans Give Obama Lower Marks U.S. military veterans and those currently on active military duty are less likely to approve of President Obama’s job performance than are Americans of comparable ages who are not in the military.

Stop Obama’s Unconstitutional Power Grab! The Congressman sounds off on the blatant violation of war powers by the Obama administration.

Downgraded Typhoon Poised to Spread Fukushima Radiation Once again, TEPCO, the utility company responsible for the Fukushima disaster, is ill-prepared to protect the people of Japan.

High radioactivity found in Japan nuclear workers Two workers from Japan’s stricken Fukushima nuclear plant have been contaminated by high levels of radioactive iodine, the operator said Monday, prompting fears over their long-term health.

Britain steps up mind games against Muammar Gaddafi Britain has stepped up the psychological and military pressure on Muammar Gaddafi by claiming his departure is inevitable as it prepares to deploy bunker busting bombs, helicopters and to introduce regular daytime air raids on Tripoli.

Big Sis Pre-Crime System to Scan Americans For “Malintent” Chilling technology straight out of Minority Report that would subject Americans to pre-crime interrogations and physiological scans to detect “malintent” at sports stadiums, malls, airports and other public places has moved closer to being implemented after Homeland Security’s FAST program passed its first round of testing.

Corporate Media Attacks Alex Jones, Defends TSA Perverts Following a successful rally on the capitol in Austin last week to protest a decision by lawmakers to back down on a bill to stop TSA molestation, apologists for a tyrannical state are coming out of the woodwork in defense of goons sticking their hands down the pants of six year old kids.

Afghanistan’s Karzai gives U.S. final warning: stop killing civilians Afghan President Hamid Karzai called on the US military on Sunday to avoid operations that kill civilians, saying it was his “last warning” to Washington after 14 people allegedly died in an air strike.

Corporate Media Attacks Alex Jones, Defends TSA Perverts Kurt Nimmo | Fort Worth op-ed writer supports the state and its pathological insistence it must grab the testicles of children.

On Memorial Day: Remember Roger Young | An alternative view of Memorial Day.

Anatomy of a Murder: How NATO Killed Qaddafi Family Members Cynthia McKinney | Please don’t allow special interest press and war mongering gatekeepers of the left to blot out the tragedy unfolding in Libya.

Silent Dancing Protesters Arrested at Jefferson Memorial DCist | Tackled and roughed up by cops for daring to practice the First Amendment.

Save Us From The Tyranny Of Bankers Bob Chapman | There has been no recovery under either QE1 or QE2.

From Bush to Obama, the snooping goes on Two Democratic senators, Ron Wyden of Oregon and Mark Udall of Colorado, have accused the Obama administration of using Section 215 for purposes not intended by Congress.

Obama Pledges to Continue War Against Libya During Globalist Confab Appearing at the globalist confab in the French resort of Deauville, Obama said on Friday the U.S. and NATO will not rest until they “finish the job’ in Libya.

RAF to use ‘bunker busting’ bombs on Gaddafi as Nato airstrikes rock Libyan capital for fifth night in a row RAF pilots are to use 2,000 lb ‘bunker-busting’ bombs to destroy Libyan leader Colonel Gaddafi’s key command centres.

The Fake ICC & the Globalist Strategy of Tension Russia’s President Medvedev, according to the Australian, has “endorsed calls for Colonel Gaddafi to leave office and offered to help to negotiate his exit. ” It is a move that has “surprised and delighted” both London and Washington after Russia’s initial protest against the extralegal military action that was executed upon an Iraq War-style pack of lies.

Cooling system stops at No.5 reactor in Fukushima Cooling system at a reactor of the crippled Fukushima No.1 nuclear power plant stopped from Saturday, the plant’s operator said Sunday.

Radioactive materials found off Miyagi and Ibaraki Japan’s science ministry has detected extraordinarily high levels of radioactive cesium in seafloor samples collected off Miyagi and Ibaraki Prefectures.

Texans Revolt Against TSA Tyranny, Storm Capitol Exclusive footage of the Texas Capitol takeover Wednesday, when angry demonstrators led by radio host Alex Jones descended upon the Senate to rebuke threats used to quash a TSA bill that passed the House unanimously and was poised to clear the Senate with 30 of 31 senators supporting.

Rep. Graves questions Obama’s autopen signing of Patriot Act extension Rep. Tom Graves (R-Ga.) is questioning President Obama’s use of an autopen in signing an extension of the Patriot Act.

Tripoli Blast May Signal New Nato Tactic A blast in central Tripoli has been attributed to a Nato strike – signalling a possible switch in tactics by the forces trying to unseat Libyan leader Muammar Gaddafi.

Why Is The Economy So Bad? Millions of Americans have lost their homes, tens of millions of Americans can’t find a decent job and 44 million Americans are on food stamps.

Video: Illegal Dancing at the Jefferson Memorial Infowars.com | Appeals court ruled national monuments are places for reflection and contemplation and dancing is not permitted.

Downgraded Typhoon Poised to Spread Fukushima Radiation Kurt Nimmo | Synthetic resins poured on damaged reactors will not stop radiation from entering the sea and air.

Big Sis Pre-Crime System to Scan Americans For “Malintent” Paul Joseph Watson | Guilty until proven innocent – physiological sensors and DHS interrogations to control behavior at sports stadiums, malls, train stations, airports and other public places.

CDC admits flu vaccines don’t work Mike Adams | That’s why you need one every year.

NOVO ORDO SECLORUM – NeoCon Hell on Earth Sartre | Your own dignity requires active resistance.

US sorry for deadly Afghan air strike ABC Online Afghan officials say up to 14 people, mostly children, were killed in the air strike. (Reuters) Foreign forces in Afghanistan have offered their "heartfelt apologies" for an air strike that killed up to 14 ... NATO apologizes for Afghan civilian deathsThe top U.S. generals in Afghanistan are apologizing for an airstrike that killed civilians in southwestern Afghanistan. ISAF apologises for Afghan civilian deaths KABUL (AFP) – Foreign forces in Afghanistan apologised Monday for the deaths of nine Afghan civilians after President Hamid Karzai criticised an air ... http://news.yahoo.com Civilian casualties caused by ISAF and US Forces in the War ... The War in Afghanistan has caused the deaths of thousands of Afghan civilians directly from NATO and ISAF military action.

Loughner ruling creates trial obstacles Treatment to restore mentally unfit defendants to competence can take years or fail altogether. (Washington Post) [ Obstacles? I’d say so! In a nation as america which sports a population of inherently mentally ill realistically, if not reported, in excess of 90% by my estimation based upon realities (criminally insane, inherently criminal included), I’d say that’s problematic indeed. I personally am with Utah on this which does not allow the insanity defense (Montana, Idaho, joined by a fourth, Kansas, in 1995). You do the crime (which still must be proven beyond a reasonable doubt and intense scrutiny of scapegoating / set-ups, etc. – hence, the clearest and undisputable scenarios as Loughner, Hinckley, etc.), you’ll at least do the time. Though having but 5% of the world’s population, u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:

Focus Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs, extinction, at least in a manner of speaking. Global information exchange at lightning speed has made such throwbacks to a lost era, propaganda, and maladaptive traits foolish at best, deadly at worst. Intelligent people worldwide aren’t buying the obsolete, Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc..; more specifically, diversion of the masses from the glaring failures of leadership, economic and otherwise.

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

Court nixes campaign-donation ban Federal judge rules law prohibiting direct corporate contributions to candidates is unconstitutional. (Washington Post) [ This oligarchy / plutocracy of ours … no surprise there … one way or another, they’re all getting’ bribed … worked well for the biggest frauds on wall street, goldman et als … Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud ). Choose Your Hathaway: Berkshire or Anne Sizemore 5-26-11 ‘When the actress' name is in the headlines, Berkshire Hathaway share prices rise, proof that "robotrading" puts many investors at risk.’ ‘Given that algorithmic trading now accounts for 70% of all trading, it’s not implausible. Sadly, this is what the investment management profession has degenerated into.’ [ As to his ‘blood in the streets reference’ … sadly … coming to a theater near you. .., ‘mnemonics’, loosely speaking, are kind of like in a clichéd sort of way, that ‘double edged sword that cuts both ways’ … you know, ‘Tom Sizemore’ … are you related? ] Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away!

http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm

A seismic shift in the defense industry Gone are the days of “no-questions-asked funding requests.” Pentagon must now make do with less. (Washington Post) [ I think there are many who’ll say they’ll believe it when they really see it; and, beyond the off-budget-item chicanery. I’m certainly one, and so is Davis: Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Senate Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a hard place called Afghanistan; indeed they are. [Pakistani troops, NATO helicopters engage in firefight 6th soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan Jones | U.S. intelligence is that bin Laden needs dialysis every 3 days/ http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST… FLASHBACK: Editorial: US in quagmire War in Afghanistan and Iraq costs America $1trillion Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Israeli central banker to bid for IMF? (Washington Post) [ Dumb as they are by most measures of same including the IMF’s mission and purpose, I doubt even they’d be that self-destructively dumb in light of their destructive, nation-bankrupting follies / adventurism in the Mideast for which they’re already suspect in terms of foolishly, self-defeatingly pro-israeli policy. Krauthammer: What Obama did to Israel (Washington Post) [ The fundamental problem with Mr. Krauthammer’s non-sequitor illogic is the manner in which war crimes nation israel came by those land (war) and the numerous violations of u.n. resolutions (ie., 242, 338, etc., and oslo accords, etc.), international, war crimes (flotilla raid, etc.) since then. He thus becomes the journalistic equivalent of what Pat Buchanan refers to as the ‘israeli amen corner’ in congress. If only one could realistically ignore the detriment the world and america have suffered as a direct consequence of this foreign policy bent … Top Democrats criticize Obama’s Israel policy (WP) [ What policy … to him, just words … more b***s*** . I’ve thus far refrained from commenting on what I’ve anticipated to be ‘just more of the same’; empty rhetoric. Pervasively corrupt, defacto bankrupt america makes the wrong choice at every turn, ensuring in every way, decline and fall; self-destructive, self-defeating. Make no mistake, and let me reiterate, that substantially underrated President General Eisenhower would have put American interests first and the current debacle would never have occurred in the first instance … see, ie., http://albertpeia.com , historical documentation, from website: http://www.ameu.org ‘Lest We Forget The Israeli lobby in Washington has successfully influenced the U.S. Congress to give billions of non-repayable dollars each year to Israel on the premise that Israel's loyalty and strategic importance to the United States make it an ally worthy of such unprecedented consideration. Is it ? In his Farewell Address, George Washington warned Americans to avoid a passionate attachment to any one nation because it promotes "the illusion of an imaginary common interest in cases where no real common interest exists." In 1948, U.S. Secretary of Defense James Forrestal, an opponent of the creation of a Jewish state in Palestine, warned that, even though failure to go along with the Zionists might cost President Truman the states of New York, Pennsylvania, and California, it was about time that somebody should pay some consideration to whether we might not lose the United States. Israeli actions over the past 53 years involving U.S. interests in the Middle East seriously challenge the "strategic asset" premise of the Israeli lobby. Some of these actions are compiled in the list that follows: ’ ] Netanyahu lays out vision for Mideast peace (WP) [ Vision? Don’t make me laugh! The guy’s blind; and a ward and provocateur at america’s substantial cost and detriment. ]

Pakistani military worried about infiltrators (Washington Post) [ Yeah! In Pakistan and the rest of the Middle East they’re realistically called americans / cia, etc.. After all, death and destruction doesn’t play well in any nation, particularly when those doing the raping, pillaging, and plundering can’t even manage their own national affairs. 63 percent of people killed in Iraq war were civilians: report Xinhua | U.S.-led wars in Iraq and Afghanistan have been causing huge civilian casualties Pakistani troops, NATO helicopters engage in firefight 6th soldier charged in plot to kill Afghan civilians (WP) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan Jones | U.S. intelligence is that bin Laden needs dialysis every 3 days / http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST… Editorial: US in quagmire War in Afghanistan and Iraq costs America $1trillion Though having but 5% of the world’s population, u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:

Focus Is on Obama as Tensions Soar Across Mideast (NYT) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall. .. Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc.;more specifically, diversion of the masses from the glaring failures, economic and otherwise.

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Russians park billions abroad (Washington Post) [ If only Americans were that smart in diversifying / hedging their investment risks:

7 Market Hazard Signs Traders Have Been Ignoringat Minyanville / Erik Swarts May 27, 2011 ‘…

1. I have repeatedly heard and read to the same effect, "the market is hanging in there, considering...(x y z)." While that is certainly the case broadly speaking, the market has a way of distracting your attention from where it should be focused most. .. however, the market's technical structure typically trumps sentiment (unless it is at a statistical extreme such as in March 2009) over time. If anything, the fact that the market is "hanging in there" on a relative basis could actually portend a more serious underlying condition indicative of distribution. Distribution by institutional participants can create broadening top formations in the indices and erratic sentiment surveys by the swinging price action.

2. A major momentum darling has crashed and burned with silver. Silver's historic decline, coupled with a very shallow bounce, is bearish toward risk returning to the same degree of indiscrimination it represented before it broke down. You could even speculate that the tepid action in stocks like Apple (AAPL) over the past six months was a precursor to the diminishing influence on the risk/momentum continuum.

3. The indices all broke their respective 50-day moving averages this week. ..

4. Ignoring the symmetry and historical context in the two charts below would be Pollyannish at best, irresponsible to risk at worst. Furthermore, knowing what we now know about the developments in Europe and the risks they have going forward -- specifically over the next few weeks in Spain and Greece -- their respective influences to the commodity and equity markets could be strongly reinforcing…

http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchMAY2011/ignition1.jpg

5. The government bond market continues to confuse even the King's wishes. The chart below shows the relative disconnect ..should not be ignored or passed off as insignificant. ..

http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchMAY2011/ignition2.jpg

6. Weekly economic data surveys have taken a turn negative. ..

http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchMAY2011/ignition3.jpg

7. The market has respected my monthly meridian chart to the tick. If May continues to follow course away from the meridian at 1363, the summer months could see an acceleration to the downside.

http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchMAY2011/ignition4.jpg

Overall, I'm skeptical to hanging onto long positions for anything more than a bounce here and feel more comfortable on the short side of the market…’

YAHOO [BRIEFING.COM] ‘…Pending home sales for April plummeted a much sharper-than-expected 11.6%…’ Debased dollar, hyperinflationary realities and expectations rallies stocks on the bad news. Jobless Claims Rise 10,000 First Quarter GDP Stalls Nothing New In GDP Update, U.S. Grew At 1.8% In Q1 [ Economic data bad and worse than expected … stocks rally on the worse than expected news as suckers’ rally to keep the old suckers and get new suckers sucked in. 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline..’ ] States face shortfall for retirees (WP) Public workers’ retirement funds had a gap of $1.26 trillion at the end of fiscal 2009 Study: Affordable rentals scarce (WP) Poll: For Obama, low marks on Afghan war (WP) More Americans disapprove of President Obama’s management of the war in Afghanistan than support it Fuel prices cut into Obama popularity (WP) (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast turmoil to obfuscate their failure. Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come! America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart. ]

7 Market Hazard Signs Traders Have Been Ignoringat Minyanville / Erik Swarts May 27, 2011 ‘It's been said that the market is hanging in there, but the market has a way of distracting your attention from where it should be focused most. As a trader who relies on the qualitative art form that is appraising market psychology, I have been collecting some interesting anecdotes and observations from the field. Specifically, traders seem to be ignoring some of the more readily apparent hazard signals the market has been throwing off in the past month.

1. I have repeatedly heard and read to the same effect, "the market is hanging in there, considering...(x y z)." While that is certainly the case broadly speaking, the market has a way of distracting your attention from where it should be focused most. The rampant attention and bipolar swings in investor sentiment surveys appear to be the illusion of choice in declaring the waters safe for the return of risk. I believe there is some utility in knowing where the sentiment vane is pointing over the very short term, however, the market's technical structure typically trumps sentiment (unless it is at a statistical extreme such as in March 2009) over time. If anything, the fact that the market is "hanging in there" on a relative basis could actually portend a more serious underlying condition indicative of distribution. Distribution by institutional participants can create broadening top formations in the indices and erratic sentiment surveys by the swinging price action.

2. A major momentum darling has crashed and burned with silver. Silver's historic decline, coupled with a very shallow bounce, is bearish toward risk returning to the same degree of indiscrimination it represented before it broke down. You could even speculate that the tepid action in stocks like Apple (AAPL) over the past six months was a precursor to the diminishing influence on the risk/momentum continuum.

3. The indices all broke their respective 50-day moving averages this week. Today's action should be interesting, considering they are all siting directly beneath them after retracing the break.

4. Ignoring the symmetry and historical context in the two charts below would be Pollyannish at best, irresponsible to risk at worst. Furthermore, knowing what we now know about the developments in Europe and the risks they have going forward -- specifically over the next few weeks in Spain and Greece -- their respective influences to the commodity and equity markets could be strongly reinforcing.

http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchMAY2011/ignition1.jpg

5. The government bond market continues to confuse even the King's wishes. The chart below shows the relative disconnect over the past year. This chart should be qualified, in that yields have been in a downtrend relative to the SPX for almost three decades. With that said, the degree of yield erosion relative to the SPX over the past two months should not be ignored or passed off as insignificant.

http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchMAY2011/ignition2.jpg

6. Weekly economic data surveys have taken a turn negative. Whether revealed in the most recent weekly unemployment trends or decelerating GDP, the market is facing an ever more hostile headline risk environment. I typically shy away from incorporating economic data surveys into my short-term calculus because their correlations are erratic at best. But considering the backdrop, it can pay off with timing. Next week will provide the important ISM manufacturing index. Below is a chart of the Empire, Philly & Richmond surveys overlaid on the ISM survey. As the correlations have shown, the already received EPR surveys indicate the ISM will likely be quite weak. The degree of which could be a catalyst (both positive or negative) in the market.

http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchMAY2011/ignition3.jpg

7. The market has respected my monthly meridian chart to the tick. If May continues to follow course away from the meridian at 1363, the summer months could see an acceleration to the downside.

http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchMAY2011/ignition4.jpg

Overall, I'm skeptical to hanging onto long positions for anything more than a bounce here and feel more comfortable on the short side of the market. That could all change in an instant, and I try to never limit myself from trading the flip side as revealed by my agnostic trading approach.

Remember, these are just my notes -- I trade what I see in the tape.

Editor's Note: This article was originally posted on Market Anthropology.’

Global Stock Seasonality: Tout Le Monde Vendez en Mai Forbes / Sy Harding ‘When investors think of the stock market’s annual seasonality, as expressed by the adage ‘Sell in May and Go Away,’ they usually relate it to the U.S. market.In fact,  the historical pattern of stock markets making most of their gains in the winter months, and experiencing most of their bear market declines and corrections in the unfavorable summer months, is also common in global markets.Since investors have become much more comfortable with investing in global markets in recent years, in fact have poured money into emerging markets at a record pace, recognition that the seasonal pattern is global is potentially of considerable importance, especially this year.A 27-page academic study conducted at the Rotterdam School of Management in the Netherlands and published in the American Economic Review in 2002, concluded, “Surprisingly we found this inherited wisdom of Sell in May to be true in 36 of 37 developed and emerging markets. Evidence shows that in the United Kingdom the seasonal effect has been noticeable since 1694. . . . A trading strategy based on this anomaly would be highly profitable in many countries. The average annual risk-adjusted outperformance ranges between 1.5% and 8.9%, depending on the country being considered. The effect is robust over time, economically significant, unlikely to be caused by data-mining, and not related to taking excess risk.”Stock markets outside of the U.S. seem to be significantly in the lead on the downside in this unfavorable season. For instance, the S&P 500 is only 2% below its recent top on April 29, the last trading day of April (potentially in keeping with the ‘Sell in May and Go Away’ rule to sell on May 1).However, in the rest of the world quite serious stock market corrections are underway. The important markets of China (the world’s 2^nd largest economy), Japan (the world’s 3^rd largest economy), Hong Kong, India, Brazil, and Russia are already down an average of 12% from their recent peaks, and have broken down through key support levels, including their long-term 200-day moving averages. Other important markets, including Mexico, Canada, Britain, France, and South Korea have already broken down through key intermediate-term support levels, including their 20-week moving averages.That global markets are so far ahead of the U.S. market on the downside leads me to believe they will become oversold first and perhaps be the first to bottom and turn back up when the time to buy arrives again.Meanwhile, the studies of seasonality point out that a seasonal investor outperforms the market over the long-term (occasional years when it does not work notwithstanding), while being at risk in the market only six months each year, and moving to cash for the other six months.They do not take into consideration the additional gains the seasonal investor can make in the unfavorable season in areas other than cash.To name a few; bonds, gold, and currencies often move independent of the direction of the stock market, and can rally when the stock market is in a decline. And all are easy enough for investors to take advantage of via mutual funds, and even more efficiently via ETFs (exchange-traded-funds).If seasonal investors are fluent in market analysis, particularly technical analysis, which can help define when an unfavorable season will not just be a ‘dead zone’ but will probably see a substantial correction, significant gains can be made from the downside even faster than from the previous rally period. That’s because when the market goes down it tends to go down much faster than it went up, often losing a year of previous gains in a matter of a few months.And holdings are available to harness the power of such market declines, including ‘inverse’ mutual funds and ‘inverse’ ETFs, which are designed to move opposite to a particular market or market sector.In my opinion then, the U.S. market has some catching up to do on the downside, while selected global markets, considerably ahead of the U.S. market on the downside, are liable to bottom first and provide the earliest buying opportunities.In the interest of full disclosure, I and my subscribers have some recent new positions in a bond ETF, a currency ETF, and selected inverse ETFs against the U.S. market.’

End-of-Month Window Dressing: Dave's Daily at TheStreet.com ‘The U of Michigan Consumer Sentiment Index was cherry-picked by bulls as the indicator upon which to rally stocks Friday. But, frankly is it really a valid measure of current consumer attitudes? I don't think so given it's weighted heavily by stock prices and curiously by gasoline prices. With the latter, a one week ten cent drop in prices hardly makes a trend. Some had the nerve to say consumers were now getting accustomed to higher gas prices. How about you? Consumer Metrics Institute's opinion and conclusion is as follows:

http://www.thestreet.com/tsc/daves/052711/image002.jpg

"The levitation effect provided by the Federal fiscal stimulus packages will begin to wilt soon, as will Mr. Bernanke's monetary magic when QE-2 lapses in June. At some point in time the GDP will revert to tracking the 70% of the economy provided by consumer spending. When that happens, the glaring gap in the above graph will close, and most likely with the upper line converging towards the lower, rather than the other way around. We have said before that our consumers seem to know that the headline recovery in the S&P 500 has not yet been fully shared with the them, their neighbors or their local merchants. Until unemployment materially decreases and the residential housing market returns to at least pre-2005 levels of activity, the "Great Recession" isn't over, despite what the National Bureau of Economic Research (NBER) would have us believe." Other data this week was just awful. And, Pending Home Sales on Friday dropped by 11% which was much worse than expected. If higher stock prices buoy consumer sentiment, what about poor housing data? The disconnect is extraordinary. Most major equity index related ETF were able to claw out of most negative readings to close the week either unchanged or plus/minus a small amount. Most of this was accomplished on very weak volume but with a heavy assist of QE2 ($30 billion over the last 5-7 trading days). This is the magic dust for bulls. The tape's action is reality but the action behind the curtain is hollow and comprised of free money from on high. Nevertheless, most indexes may close the month down with only one day left to trade. Our DeMark monthly sequential 9 counts may have already made their impact as QE2 has another month to run and will compete with it …’

S&P Stuck in a Rut - Why and Where Will it Break? Simon Maierhofer, On Thursday May 26, 2011 ‘This entire week the S&P has been stuck in a rut. Aside from a few brief spikes outside its trading range, the S&P has been sluggish and moved with the velocity of molasses.

The Memorial Day Lull

Part of the reason is the upcoming Memorial Day weekend. Trading before the Memorial Day weekend tends to be lackluster and uninspired, but come Tuesday (markets are closed on Monday) volatility (Chicago Options: ^VIX) is likely to increase.The holiday weekend is just part of the story though. There are other compelling reasons why trade is so frustratingly sluggish.

Compelling Reason to be Dull

The ETF Profit Strategy Newsletter's technical forecast for the week ahead stated that: 'The initial downside from the May 2 high may not be finished yet, but it appears to be limited. If the lower trend line at 1,325 is broken, we are looking for lower prices but are mindful that various support levels should keep downside action contained.'The S&P dropped below the 9-month trend line support first thing Monday morning, but didn't really go anywhere thereafter. Such a trend line breach is usually significant, but it wasn't, at least not thus far.The chart below shows why downside momentum didn't increase. The ETF Profit Strategy Newsletter pointed out this month's and week's pivot support (s1 to be precise) at 1,319 and 1,317. As you can see, the S&P has stuck to s1 like gum to shoe.What are pivots, you may ask? Pivot points are determined as the average of the previous sessions trading range combined with the closing price. The numbers for support and resistance that are calculated indicate the potential ranges for the next time frame based on the past weight of the market's strength or weakness.Pivots are fractal and can be calculated for various time frames. I usually pay attention to weekly and monthly pivots.

http://www.etfguide.com//contributor/UserFiles/8/Image/article%20new%205%2026%2011.gif

The blue lines in the chart illustrate the 20 and 50-hour simple moving averages (SMAs). Since Wednesday, the S&P has been sandwiched between the two. As you can see, there is plenty of technical reason for the current trading range.

Where Will it Break?

Every trading range ends eventually. Often such range bound churning and indecision precedes significant moves and serves as a springboard. There is certainly a distinct seasonal post-Memorial Day bias that supports this notion.Once this trading range is broken, the focus moves on to the next support or resistance. Next resistance to the up side is 1,325, a Fibonacci projection level. Look at the chart and you will see how attempts to move beyond 1,325 were thwarted on Wednesday and earlier today. A break above 1,325 would open the door to higher prices.Fibonacci levels are powerful trading tools and should not be dismissed. One important Fibonacci level the ETF Profit Strategy Newsletter isolated as target and resistance in April was 1,369.The importance of this level was confirmed on May 1, when the newsletter recommended shorting the S&P against 1,369. The S&P topped the very next day at 1,370 and declined as much as 50 points thereafter.The ETF Profit Strategy Newsletter provides the most important short and long-term support/resistance levels and seasonal tendencies every Sunday and Wednesday, along with directional advice and the corresponding trading strategies.ETFs that track the S&P 500 include: S&P 500 SPDR (NYSEArca: SPY - News), iShares S&P 500 (NYSEArca: IVV - News), Vanguard S&P 500 (NYSEArca: VOO - News).Value and Growth S&P ETFs include: iShares S&P 500 Value (NYSEArca: IVE - News), iShares S&P 500 Growth (NYSEArca: IVW - News), Vanguard S&P 500 Value ETF (NYSEArca: VOOV - News), Vanguard S&P 500 Growth ETF (NYSEArca: VOOG - News).Leveraged S&P ETFs include: Ultrashort S&P ProShares (NYSEArca: SDS - News), Ultra ProShares (NYSEArca: SSO - News), UltraPro S&P ProShares (NYSEArca: UPRO - News), UltraPro Short S&P ProShares (NYSEArca: SPXU - News).’

The Week Ahead: Can Stocks Climb the Wall of Worry? Forbes / Tom Aspray ‘Last week’s financial headlines may have caused many stock investors to run for the exits, as there was very little to make one think that stocks could move higher. Here is a sampling:

• Demand For Durable Goods Falls the Most in 6 Months
• Countries Urged To Raise Rates
• Goldman Says Brent Will Hit $130
• Revenue Slide Dents Banks’ Recovery
• Draghi Warns on Global Recovery
• Fears of Debt Contagion Return to Eurozone
• UK Lenders Face Rating Downgrade
• Steep Quarterly Drop For Home Prices

Despite the concerns over debt contagion, a double dip in the economy, and slower growth in China, the US stock market was surprisingly strong. The early-morning declines on Wednesday and Thursday were met with good demand.

Therefore, even though the major averages made new correction lows, the market had plenty of reasons to drop more sharply. For most of the week, Tuesday’s headline from the Financial Times, “Investors swept up in wave of bearishness,” said it all.

So even though the stock market was not as strong as I had forecast last week, I am sure most were surprised that it closed higher. Sentiment measures continue to get more negative, with only 25% bullish in a recent AAII survey. This is the lowest reading since last summer.

Last week’s pending home sales dropped 11%—but new home sales were stronger than expected, giving some home builders a boost. On Tuesday, we get more housing data, as the S&P Case-Shiller price index will be released along with consumer-confidence numbers.

Of course, this is another jobs week, with a preliminary reading Wednesday from the ADP Employment Report, followed by jobless claims Thursday and the monthly employment report on Friday. Also out Wednesday is the ISM Manufacturing Index, with the ISM Non-Manufacturing following on Friday.

As the headlines show, there are still plenty of problems facing the Eurozone, and the Strauss-Kahn scandal has not helped—the BRIC countries, among others, are not in favor of a new IMF head from the Eurozone. Also, as my colleague Jim Jubak suggests, “Another Quick Fix For Greece” is likely.

Euro investors have also been moving away from risk, as the yields on German debt have dropped 3%, matching similar yield declines in both the UK and the US. Nevertheless, the DJ STOXX Europe 600 was able to close the week well above the lows, as it tested strong support in the 272 to 274 area early in the week.

Commodity prices have bounced nicely from the mid-month lows, and the strength in copper may be a sign that the economy is really stronger than most expect. Crude oil has bounced from the recent lows, but is now hitting first strong resistance. Technically, this rally looks as though it will be followed by a further decline.

Page 2 of 3)

WHAT TO WATCH
As I noted in more detail before Friday’s opening, the technical and sentiment picture for the stock market had improved. The positive action Friday supports this view, even though the major averages closed below their best levels.

http://graphics.moneyshow.com/investing/Guru/Gurus052711_1_med.gif
Click to Enlarge

S&P 500
The Spyder Trust (SPY) tested its downtrend (line a) on Friday, and still has strong resistance at $135.36. A daily close above this level should confirm that the correction is over. A test of the May 2 highs at $137.18, if not a move to the $138.50 area, is still a distinct possibility.

The low for SPY at $131.38 is now the critical level, with the daily uptrend (line c) now at $130.50. If this level is violated, the April lows are at $129.51 (line b).

The S&P 500 A/D line has turned up, and is very close to breaking its downtrend. It did make new highs in May, and is still well above long term support (line d).

Dow Industrials
The Diamonds Trust (DIA) also appears to have completed a short-term bottom, but is slightly lagging the SPY. DIA has just filled the gap from last Monday’s opening. There is still a strong band of resistance in the $126.50 to $127.50 area.

The support level to watch now for DIA is $122.80, while the April low and major support follows at $120.65.

Dow Transportations
The Dow Transportation Index held above the prior week’s low at 5,311, and did close last week higher.

A close above 5,500 is needed to complete the correction and signal a rally to new highs in the 5,650 to 5,700 area.

If one of the other major averages is able to exceed the May highs, and the Transports fail to make a new high, it would be a warning sign.

Nasdaq-100
I have been looking for the PowerShares QQQ Trust (QQQ) to lead the market on the next rally, but it has continued to lag. It will now take a much stronger rally for QQQ to take over leadership.

The first hurdle is the resistance in the $58.50 area with major at $59.34 area.

The down gap last Monday violated the support in the $57 area as QQQ hit a low of $56.47 which weakened the short term outlook. There is now important support below $56.

Russell 2000
The iShares Russell 2000 Trust (IWM) has concerned me for several months, and last week it dropped below the April lows. This is a further sign of weakness, and as I noted several weeks ago the A/D line on the Russell 2000 failed to make a new high with prices in April.

The rebound in IWM is likely to fail in the $85 to $85.50 area, even if the SPY makes new highs. Therefore, the current rally should be used as an opportunity to move out of both small and mid-cap stocks.

Once below the recent lows at $80.76, the next major support is in the $77.50 to $78 area.

NEXT: Sector Focus ‘

Here’s Why Pending Home Sales Plummeted in April Wall St. Cheat Sheet May 27, 2011 ‘According to the National Association of Realtors , The Pending Home Sales Index (PHSI) , a forward-looking indicator, dropped 11.6 percent to 81.9 in April, down from 92.6 in March. The number is down 26.5 percent from a peak 111.5 in April 2010 when buyers were rushing to meet the deadline for the home buyer tax credit.This data reflects contracts, but not closings, which usually don’t occur until a month or two after contracts are signed.The news hasn’t done much for real estate stocks (NYSE:IYR), down 0.06% today, but might be responsible for the 0.86% hike in  home builders stocks (NYSE:XHB).While the PHSI in the Northeast actually rose 1.7% to 64.5 in April, it is still 33.4% below its figure for this time last year. PHSI in the Midwest is down 10.4% to 74.1, down 30.2% from April 2010. Pending home sales in the South dropped the most at a decline of 17.2% in April, 27% below a year ago.  Still, the PHSI for the South is 91.3, significantly higher than that of other regions. In the West the index declined 8.9% to 89.1 and is 16.9% below April 2010 figures…’

Investing in Precious Metals: Is Gold Worth Dying For? Wall St. Cheat Sheet May 27, 2011 ‘Thursday, gold (NYSE:GLD) and silver (NYSE:SLV) took a breather as the Dow (NYSE:DIA) and S&P 500 (NYSE:SPY) closed slightly higher.  The markets seem somewhat confused as the Greek debt crisis lingers on.  In times of uncertainty, investors often turn to gold as a place of refuge.  However, just how expensive is it to really obtain gold?  Some gold miners (GLDX) may find out the hard way.The medical condition known as silicosis could be a potential problem for some gold miners.  Silicosis is the scarring of the lungs caused by extended exposure to the dust found in South African mines.  These mines are now run by companies such as Harmony Gold Mining (NYSE:HMY), Gold Fields Ltd. (NYSE:GFI), and AngloGold Ashanti Ltd. (NYSE:AU).  These miners are now facing coming lawsuits.  HMY fell the hardest on the day, closing 3.57% lower.While the total number of claims and size of judgements are nearly impossible to estimate at this time, RBC Capital Markets claims the liability of mining companies could reach as high as $100 billion.  RBC reached this estimate by assuming there are 300k claimants, each suing for at least 2 million rand.  The Constitutional Court said workers who qualified for state benefits for occupational related disease, could also receive additional compensation from their former mining employers.Gold Fields Ltd (NYSE:GFI)  CEO Nicholas Holland said, “It’s speculative at this stage to assume that there’s going to be a huge number of suits or whether in fact those suits will even be successful.”  Another miner, Anglo American , is already involved in a silicosis suit that dates back to 2004, and involves 18 miners (4 of the 18 have already died). The mines today employ about 160k people, according to the Chamber of Mines.Investors willing to overlook the lawsuits may want to consider the following ETFs and stocks:  iShares Silver Trust (NYSE:SLV),  PowerShares DB Silver Fund (NYSE:DBS),  ProShares Ultra Silver (NYSE:AGQ),  First Majestic Silver Corp. (NYSE:AG),  SPDR Gold Trust (NYSE:GLD),  Market Vectors Etf Trust (NYSE:GDX), or  Barrick Gold Corporation (NYSE:ABX).Investors who are bearish in precious metals, or simply looking for a hedge, may find the following stocks, ETFs, and ETNs interesting:  ProShares UltraShort Silver (NYSE:ZSL),  PowerShares DB Gold Short ETN (NYSE:DGZ), or  PowerShares DB Gold Double Short ETN (NYSE:DZZ).For more analysis and guidance in the white hot precious metals sector, consider a free 14-day trial to our acclaimed Gold & Silver Investment Newsletter.’

Entitlements: 4 Things You Must Know Now – with Gerri Willis Wall St. Cheat Sheet  May 27, 2011 ‘Entitlements have become a big issue now that the US has a major debt problem and a record number of boomers are expected to retire in the coming years. I caught up with Fox Business anchor Gerri Willis to get a Cheat Sheet for the hot button entitlement issue:

Damien Hoffman: Gerri, what are entitlements?

Gerri Willis: Simply put, entitlements are government payouts. Normally we think of Social Security, Medicare and Medicaid when we say entitlement. Most Americans feel that getting benefits from these programs is a right because they’ve paid into them. Corporate America is on the federal dole, too, at times, most recently when banks (NYSE:XLF) and auto companies such as General Motors (NYSE:GM) were bailed out during the financial crisis.

Currently, Congress is debating how to fix the overspending in Social Security, Medicare and Medicaid. The problem with these programs is that they’ve morphed from temporary or short-term safety nets into permanent floors that people rely on. As a result, the costs of these programs is swamping the federal budget.

Damien: How much are we spending on entitlements?

Gerri: Entitlement spending is the vast majority of our federal budget and growing every year. This year alone spending on Social Security, Medicare and Medicaid will account for 57 percent of all federal outlays, and the spending level is 5.4 percent higher than last year.

Damien: Can we continue to support those three programs at this level?

Social Security, Medicare and Medicaid are in big trouble. Social Security will run out of money in 2036; Medicare in 2024. Already both programs are running a deficit right now. Social Security has a deficit of $46 billion and Medicare has $80 billion in red ink.

Damien: Gerri, in your opinion, what do you think future legislation dealing with this issue will look like?

Gerri: I believe we’re going to have to wait awhile for reform. Congress has always been wary of the third rail of politics and with elections approaching in 2012, they are wary of tackling anything as controversial as entitlement reform right now. However, there does seem to be some consensus building for change. Many folks seem to agree that the age that Social Security recipients receive benefits should be moved higher, others say that Medicare shouldn’t be available to the very wealthy or that their benefits should be scaled back in some way. Even implementing both of those ideas won’t fix the problems we are facing; however, a more dramatic change is needed to avoid pushing our country into a more desperate financial crisis.

FOX Business Network wraps up “Entitlement Nation: Makers vs. Takers” on Friday, May 27th, 2010.

Don’t Miss: CHART OF THE DAY: Watch the US Debt Set a 60 Year Record. ‘

EVERYTHING RISES AND THE DIP IS BEING BOUGHT: Here's What You Need To Know Business Insider Joe Weisenthal May 27, 2011 ‘The week has clearly ended on a positive note, although we've now seen four straight weeks of declines.

But first, the scoreboard:

Dow: +37.20
NASDAQ: +5.26
S&P 500: +5.26

And now, the top stories:

• Really, it was super quiet and nothing happened. Probably the most notable thing was that China declined hard again, and has now fallen 11% from its recent high.

• In the very early going, there was a little bit of excitement when Belgian lender Dexia was halted, but ultimately it didn't turn out to be much.

• In the US, spending data came in a little light, but it didn't matter. The dip is being bought, and stocks are higher again. Big day for everything that wasn't the dollar.

• For some interesting visual tantalization, here's a satellite look at Spain's housing disaster. ‘

Global Economic Rebound Weakens on Quake, Oil Price, European Debt Crisis Bloomberg | World economy has entered a softer patch with the incoming growth data mostly disappointing.

Marc Faber: Prepare for Another War Jonathan Chen | From 2002-2008, Greenspan and Bernanke have created massive bubbles.

20 Questions To Ask Anyone Foolish Enough To Believe The Economic Crisis Is Over The Economic Collapse | We are still in the middle of a full-blown economic crisis and things are about to get even worse.

Second Biggest Weekly Drop Ever In Treasurys Held In The Fed’s Custodial Account As Foreigners Dump There was one truly interesting observation in this week’s Fed balance sheet update: not that the actual balance sheet hit a new all time record (which it did at $2.779 trillion), or that the Fed added another $24 billion in Treasurys to its balance sheet, or that total reserves hit a new all time record, increasing by $53 billion to $1.59 trillion.

China Gold Imports to Surge: Report Chinese demand for gold bars and coins as private investments could push bullion imports above 400 tonnes in 2011, leading global consultancy GFMS said on Friday.

U.S. dollar could ‘collapse’: UN The United Nations warned on Wednesday of a possible crisis of confidence in, and even a “collapse” of, the U.S. dollar if its value against other currencies continued to decline.

The Shocking DRINK And Incredible History Of COKE Subliminal Advertising Looking for a new way to publicize your product? Have you considered implanting suggestions in your current advertising that link your product to sex and power? [ Come on! In updating my skills / knowledge base, included were my psychology studies which currently all but dismiss as but ‘folklore’ the effectiveness, if even existent, of such subliminal advertising (you might even wonder about the Rorshach factor in interpreters of same); though blatent propaganda in its various forms still remains marginally effective (unless you think about it … rugged athletes, the guy with the babe, parties, etc… Riiiiight! The cola did it!). I drink coca cola, pepsi cola, royal crown cola, generic cola, etc., and in no way attach a ‘sexual / power advantage’ to drinking same. After all, there are healthier things to drink ( … Amid health fears, Diet Coke sweetener in safety spotlight An artificial sweetener used in Diet Coke is to undergo an urgent EU safety review…) For me, it’s all about the fizz, the caffeine, and then the taste. ]

Competing plans on job growth Obama and Congressional Republicans hope to cut the cost of doing business for U.S. firms. White House wants to simplify rules (Washington Post) [ Plans? Is that it? Costs? For the foreseeable future that counts, the logical conclusion will invariably be, based on costs and prior misguided decisions (you still remember Perot), ship them overseas, outsource, outsource, outsource … even Apple does that in a big way while still getting premium prices (as if made is usa). No … you can’t unring the bell on their ill-fated, but collectively culpable missteps. But, this plan of theirs, my recollection is that’s what they’ve been purportedly doing for the last several election cycles spanning well over a decade. Oh, riiiiight! It’s that time of the season again … election time. Despite the rhetoric and spin, the scenario remains dismal … the grim economic reality [ http://albertpeia.com/grimreality.htm Jobless Claims Rise 10,000 First Quarter GDP Stalls Nothing New In GDP Update, U.S. Grew At 1.8% In Q1 [ Economic data bad and worse than expected … stocks rally on the worse than expected news 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline..’ ] States face shortfall for retirees (WP) Public workers’ retirement funds had a gap of $1.26 trillion at the end of fiscal 2009 Poll: For Obama, low marks on Afghan war (WP) Fuel prices cut into Obama popularity (WP) (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast turmoil to obfuscate their failure. … an especially great opportunity to sell / take profits while you still can since there's much worse to come! America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog/ Selling In May Is Very Good Advice This Year Harding / Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart. ]

Ex-Nasdaq exec pleads guilty to fraud (Washington Post) [ Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud ). Choose Your Hathaway: Berkshire or Anne Sizemore 5-26-11 ‘When the actress' name is in the headlines, Berkshire Hathaway share prices rise, proof that "robotrading" puts many investors at risk.’ ‘Given that algorithmic trading now accounts for 70% of all trading, it’s not implausible. Sadly, this is what the investment management profession has degenerated into.’ [ As to his ‘blood in the streets reference’ … sadly … coming to a theater near you. ] [ I just had to include this article, emphasizing the folly / fraud of wall street. Well done! But butt buffet? Wall street shill, he ultimately goes out a buffoon and fraud friend of wall street; a further sign of pervasively corrupt, defacto bankrupt american decline. But, ‘puppy-dog-eyes’? I don’t think so. How ‘bout ‘cat’s eyes’, as in Catwoman. Don’t forget Chuck, ‘mnemonics’, loosely speaking, are kind of like in a clichéd sort of way, that ‘double edged sword that cuts both ways’ … you know, ‘Tom Sizemore’ … are you related? ] Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away!

20 Questions To Ask Anyone Foolish Enough To Believe The Economic Crisis Is Over The Economic CollapseMay 26, 2011 | We are still in the middle of a full-blown economic crisis and things are about to get even worse.

If you listen to Ben Bernanke, Barack Obama and the mainstream media long enough, and if you didn’t know any better, you might be tempted to think that the economic crisis is long gone and that we are in the midst of a burgeoning economic recovery.  Unfortunately, the truth is that the economic crisis is far from over.  In 2010, more homes were repossessed than ever before, more Americans were on food stamps than ever before and a smaller percentage of American men had jobs than ever before.  The reality is that the United States is an economic basket case and all of these natural disasters certainly are not helping things.  The Federal Reserve has been printing gigantic piles of money and the U.S. government has been borrowing and spending cash at a dizzying pace in an all-out effort to stabilize things.  They have succeeded for the moment, but our long-term economic problems are worse then ever.  We are still in the middle of a full-blown economic crisis and things are about to get even worse.

If you know someone that is foolish enough to believe that the economic crisis is over and that our economic problems are behind us, just ask that person the following questions….

#1 During the 23 months of the “Obama recovery”, an average of about 23,000 jobs a month have been created.  It takes somewhere in the neighborhood of 150,000 jobs a month just to keep up with population growth.  So shouldn’t we hold off a bit before we declare the economic crisis to be over?

#2 During the “recession”, somewhere between 6.3 million and 7.5 million jobs were lost.  During the “Obama recovery”, approximately 535,000 jobs have been added.  When will the rest of the jobs finally come back?

#3 Of the 535,000 jobs that have been created during the “Obama recovery”, only about 35,000 of them are permanent full-time jobs. Today, “low income jobs” account for 41 percent of all jobs in the United States. If our economy is recovering, then why can’t it produce large numbers of good jobs that will enable people to provide for their families?

#4 Agricultural commodities have been absolutely soaring this decade.  The combined price of cotton, wheat, gasoline and hogs is now more than 3 times higher than it was back in 2002.  So how in the world can the Federal Reserve claim that inflation has been at minimal levels all this time?

#5 Back in 2008, banks had a total of 27 billion dollars in excess reserves at the Fed.  Today, banks have a total of approximately 1.5 trillion dollars in excess reserves at the Fed.  So what is going to happen when all of this money eventually hits the economy?….

#6 If the U.S. economy is recovering, then why are shipments by U.S. factories still substantially below 2008 levels?

#7 Why are imports of goods from overseas growing much more rapidly than shipments of goods from U.S. factories?

#8 According to Zillow, the average price of a home in the U.S. is about 8 percent lower than it was a year ago and that it continues to fall about 1 percent a month. During the first quarter of 2011, home values declined at the fastest rate since late 2008. So can we really talk about a “recovery” when the real estate crisis continues to get worse?

#9 According to a shocking new survey, 54 percent of Americans believe that a housing recovery is “unlikely” until at least 2014.  So how is the housing industry supposed to improve if so many people are convinced that it will not?

#10 The latest GDP numbers out of Japan are a complete and total disaster.  During the first quarter GDP declined by a stunning 3.7 percent.  Of course I have been saying for months that the Japanese economy is collapsing, but most mainstream economists were absolutely stunned by the latest figures.  So will the rest of the world be able to avoid slipping into a recession as well?

#11 Next week, Republicans in the House of Representatives are going to allow a vote on raising the debt ceiling.  Everyone knows that this is an opportunity for Republican lawmakers to “look tough” to their constituents (the vast majority of which do not want the debt ceiling raised).  Everyone also knows that eventually the Republicans are almost certainly going to cave on the debt ceiling after minimal concessions by the Democrats.  The truth is that neither “establishment Republicans” nor “establishment Democrats” are actually serious about significantly cutting government debt.  So why do we need all of this political theater?

#12 Why are so many of our once great manufacturing cities being transformed into hellholes?  In the city of Detroit today, there are over 33,000 abandoned houses, 70 schools are being permanently closed down, the mayor wants to bulldoze one-fourth of the city and you can literally buy a house for one dollar in the worst areas.

#13 According to one new survey, about half of all Baby Boomers fear that when they retire they are going to end up living in poverty.  So who is going to take care of them all when the money runs out?

#14 According to the U.S. Bureau of Labor Statistics, an average of about 5 million Americans were being hired every single month during 2006.  Today, an average of about 3.5 million Americans are being hired every single month.  So why are our politicians talking about “economic recovery” instead of “the collapse of the economy” when hiring remains about 50 percent below normal?

#15 Since August, 2 million more Americans have left the labor force.  But the entire period from August to today was supposed to have been a time of economic growth and recovery.  So why are so many Americans giving up on looking for a job?

#16 According to Gallup, 41 percent of Americans believed that the economy was “getting better” at this time last year.  Today, that number is at just 27 percent.  Are Americans losing faith in the U.S. economy?

#17 According to the U.S. Census, the number of children living in poverty has gone up by about 2 million in just the past 2 years, and one out of every four American children is currently on food stamps.  During this same time period, Barack Obama and Ben Bernanke have told us over and over that the U.S. economy has been getting better. So what is the truth?

#18 America has become absolutely addicted to government money. 59 percent of all Americans now receive money from the federal government in one form or another. U.S. households are now receiving more income from the U.S. government than they are paying to the government in taxes. Americans hate having their taxes raised and they hate having their government benefits cut.  So is there any hope that this will ever be turned around before disaster strikes?

#19 The combined debt of the major GSEs (Fannie Mae, Freddie Mac and Sallie Mae) has increased from 3.2 trillion in 2008 to 6.4 trillion in 2011.  How in the world is the U.S. government going to be able to afford to guarantee all of that debt on top of everything else?

#20 If the U.S. national debt (more than 14 trillion dollars) was reduced to a stack of 5 dollar bills, it would reach three quarters of the way to the moon.  The U.S. government borrows about 168 million dollars every single hour.  If Bill Gates gave every penny of his fortune to the U.S. government, it would only cover the U.S. budget deficit for 15 days.  So how in the world can our politicians tell us that everything is going to be okay?

CIA team to scrub bin Laden compound EXCLUSIVE | Pakistan has agreed to let a forensics team in to use sophisticated equipment to look for clues related to al-Qaeda in walls or underground, a sign of cooperation between the two spy services. (Washington Post) [ ‘To look for clues?’ Don’t make me laugh! How ‘bout to ‘plant clues’ consistent with their alternate ‘reality’(catapulting the propaganda, again and now again, and really soaking the story) ; which of course is propagandized fiction: | U.S. intelligence is that bin Laden needs dialysis every 3 days / http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST… Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time.‘ Senate Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a hard place called Afghanistan [Pakistani troops, NATO helicopters engage in firefight 6th soldier charged in plot to kill Afghan civilians (WP) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan Jones FLASHBACK: Editorial: US in quagmire War in Afghanistan and Iraq costs America $1trillion Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ex-Justice official .. accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Krauthammer: What Obama did to Israel (Washington Post) [ The fundamental problem with Mr. Krauthammer’s non-sequitor illogic is the manner in which war crimes nation israel came by those lands (war) and the numerous violations of u.n. resolutions (ie., 242, 338, etc., and oslo accords, etc.), international law, illegal nukes, war crimes (flotilla raid, etc.) since then. He thus becomes the journalistic equivalent of what Pat Buchanan refers to as the ‘israeli amen corner’ in congress. If only one could realistically ignore the detriment the world and america have suffered as a direct consequence of this foreign policy bent … Top Democrats criticize Obama’s Israel policy Now the president — whom critics often accuse of employing a play-it-safe governing style in which he waits for others to take the lead — is largely isolated politically in raising the issue of 1967 boundaries. (Washington Post) [ What policy … to him, just words … more b***s*** . I’ve thus far refrained from commenting on what I’ve anticipated to be ‘just more of the same’; empty rhetoric. Pervasively corrupt, defacto bankrupt america makes the wrong choice at every turn, ensuring in every way, decline and fall; self-destructive, self-defeating. Make no mistake, and let me reiterate, that substantially underrated President General Eisenhower would have put American interests first and the current debacle would never have occurred in the first instance … see, ie., http://albertpeia.com , historical documentation, from website: http://www.ameu.org ‘Lest We Forget The Israeli lobby in Washington has successfully influenced the U.S. Congress to give billions of non-repayable dollars each year to Israel on the premise that Israel's loyalty and strategic importance to the United States make it an ally worthy of such unprecedented consideration. Is it ? In his Farewell Address, George Washington warned Americans to avoid a passionate attachment to any one nation because it promotes "the illusion of an imaginary common interest in cases where no real common interest exists." In 1948, U.S. Secretary of Defense James Forrestal, an opponent of the creation of a Jewish state in Palestine, warned that, even though failure to go along with the Zionists might cost President Truman the states of New York, Pennsylvania, and California, it was about time that somebody should pay some consideration to whether we might not lose the United States. Israeli actions over the past 53 years involving U.S. interests in the Middle East seriously challenge the "strategic asset" premise of the Israeli lobby. Some of these actions are compiled in the list that follows: …’ ] Netanyahu lays out vision for Mideast peace (Washington Post) [ Vision? Don’t make me laugh! The guy’s blind; and a ward and provocateur at america’s substantial cost and detriment. ]

Harold Camping reaffirms October date for the end of the world, says May 21 date was 'invisible judgment day' (The Washington Post) [ I comment here not owing to the importance of the latest ‘prediction’ by camping who’s probably ‘been camping’ too long in the nether reaches of the atmosphere (affects the brain, ‘neural firing’ in a negative fashion); but to allay public concerns, and particularly for those suffering from generalized anxiety disorder, to subtract one life circumstance from their unrealistic worry; and, because I had previously commented as set forth infra. No! The world will not be ending on October 21, 2011 or any other date as set forth by camping. Indeed, God needs no mathematics, formulae, or codes to surreptitiously convey the end; his hand ultimately unmistakably known to all. You’ll know it when you see it. As for camping, let’s play umpires and predict the future; strike three, he’s out. Harold Camping: the heart of the doomsday frenzy (Los Angeles Times) The last-minute rapture reading list (Los Angeles Times) [Drudgereport: Preacher made same prediction in 1994... Doomsday church thriving, worth $72 million... [Previous: ‘End of Days’ message rolls into D.C. (Washington Post) The potentially rotten news that the world will end on May 21 arrived plastered on a caravan of RVs. [ Gee … little premature … you know, that 2012, end of Mayan calendar, Nostradamus thing … I previously weighed in / wrote: Why do Americans still dislike atheists? (Washington Post) [ And not just americans … Why? First and foremost because there is a God. Second, it is intellectually dishonest to be an atheist. Specifically, there is absolutely no evidence to dispute the existence of God. While one might similarly argue that there is no evidence to suggest there is a God (which I would dispute), which for most is a fair statement, the same would yield at best, if intellectually honest, the position of ‘agnostic’. I can totally understand and even empathize with the view of the agnostic. After all, at this point, there seems to be ‘no rhyme nor reason’ at all. But, think binary, positives / negatives. Just too many negatives. Think ‘capital punishment’. No, the world’s not going to end in 2012 as some fear. Rather, think slow burn; decades at best; then ‘poof’. In the scheme of things, this world’s just not that important (apes, notochordates, and initially single celled organisms). ]

Drudgereport: USA HITS DEBT CEILING...
TREASURY RAIDS PENSIONS...
RECESSIONISTA: MICHELLE OUTDOES ROYAL -- WEARS $2,000 DRESS...
Military operation against Gadhafi in 'new phase'...
FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not Weeks'...
PAPER: Inflation bumps cost of Memorial Day weekend BBQ by 29%!
Families spending $168 more per month on gas than a year ago...
PUTIN DECIDES TO RETAKE PRESIDENCY
STATE OF THE UNION: Metal Scrappers Swipe Teen's Wheelchair...
Copper strippers possibly posing as road crews darken DC...
Iron Thieves Caught Dismantling 100 Yards Of Railroad Tracks...
ATM Serviceman Cleans Out Machines, Refills With Photocopies Of Cash...
Perry 'going to think about' run...
Ron Paul places second in NH...
Iowa GOP to Christie: Drop by...
GALLUP: Romney, Palin Lead GOP Field for 2012... [Rep. Ron Paul takes second in New Hampshire CNN poll ]
In Obama's Hometown, Romney Criticizes Econ Policies...
Sends Left-Over Pizza to Obama HQ...
Will formally announce run on June 2...
'PATRIOT ACT' CLEARS CONGRESS -- WILL BE SIGNED INTO LAW BY A MACHINE...
60 DAYS: GOP senators press Obama on war powers...
Pile of American debt -- would stretch beyond stratosphere!
House members' stock market success suspect...
Congressional bonuses handed out during budget crisis...
Loughner removed from courtroom after outburst...
Found too american to stand trial...
Gold, silver coins to be legal currency in Utah...
DAY 3: MORE TWISTERS...
At least 14 more killed...
VIDEO...
Fresh Twisters Touch Down...
At least 7 more killed...
Death toll reaches 124 in Joplin; Deadliest in half century..
1,500 Reported Missing...
TORNADO SWARMS DEADLIEST IN MORE THAN HALF CENTURY
HEARTLAND DEVASTATION...
116 dead, nearly 500 twister deaths this year...
VIDEO... PHOTOS...
AUDIO TERROR: 'I LOVE YOU ALL'...
'I'm alive!' text message saves man's life...
1,500 rescuers work through pouring rain...
Threats of more to come...
Looting in Minneapolis...
State Treasurer Warns Bond Houses Against Further Loans to Illinois...
NYT: 'Is Anti-White Bias a Problem?' [ … In what some have called the new post-racial era, what constitutes discrimination is shifting. The landmark Supreme Court case, Ricci v. DeStefano, for example, ruled that white firefighters suffered discrimination when their employer threw out a promotional exam because none of the African-American firefighters who took the test qualified for promotion …’ UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
UPDATE: $24B in bailout paid to contractors who owe millions in taxes...
Palestinians: netanayahu Speech is 'declaration of war'...
SUPREME COURT ORDERS CA TO RELEASE UP TO 46,000 PRISONERS...
'Terrible things are sure to happen'...
JERRY BROWN: 'Let's raise taxes!!!'
FEDS SPEND MILLIONS STUDYING SHRIMP ON TREADMILLS?? 'GELATIN WRESTLING' IN ANTARCTICA??
Melon-sized hail fell before OK tornadoes hit...
Number 'missing' lowered to 156...
Death toll reaches 132...
Zuckerberg Shock: 'Only meat I'm eating is from animals I've killed myself'... ‘"The only meat I'm eating is from animals I've killed myself," says the Facebook founder and CEO. It's an odd dietary direction for the 27-year-old Internet billionaire, but since he has taken to killing goats, pigs and chickens, "I'm eating a lot healthier foods. And I've learned a lot about sustainable farming and raising of animals," he says. "It's easy to take the food we eat for granted when we can eat good things every day." Zuckerberg's new goal came to light, not surprisingly, on Facebook. On May 4, Zuckerberg posted a note to the 847 friends on his private page: "I just killed a pig and a goat."’ [ See 'Mark Zuckerberg' knife a pig ]

Choose Your Hathaway: Berkshire or Anne Sizemore May 26, 2011 ‘When the actress' name is in the headlines, Berkshire Hathaway share prices rise, proof that "robotrading" puts many investors at risk.’ ‘Given that algorithmic trading now accounts for 70% of all trading, it’s not implausible. Sadly, this is what the investment management profession has degenerated into.’ [ As to his ‘blood in the streets refeerence’ … sadly … coming to a theater ner you. ] [ I just had to include this article, emphasizing the folly / fraud of wall street. Well done! But butt buffet? Wall street shill, he ultimately goes out a buffoon and fraud friend of wall street; a further sign of pervasively corrupt, defacto bankrupt american decline. But, ‘puppy-dog-eyes’? How ‘bout ‘cat’s eyes’, as in Catwoman. Don’t forget Chuck, ‘mnemonics’, loosely speaking, are kind of like in a clichéd sort of way, that ‘double edged sword that cuts both ways’ … you know, ‘Tom Sizemore’ … are you related? ] We’ve always admired Berkshire Hathaway (BRK-A) Chairman Warren Buffett. He is, after all, the most successful investor in history and a legend in his own time. Mr. Buffett’s annual reports are fountains of investment wisdom that should be required reading in business schools and for everyone in the money management profession.We’ve also had an admiration for the Hollywood actress Anne Hathaway for many years, though we know nothing of her investment acumen. Some readers of the Sizemore Investment Letter might be interested to know that the 28-year-old Ms. Hathaway will be starring in next year’s Batman movie, The Dark Knight Rises, as the Catwoman. Berkshire Hathaway shareholders had better hope that her performance generates its share of press. Their investment returns might depend on it.Yes, dear readers, you read that correctly. As ridiculous as it might sound, the price of Berkshire Hathaway’s (BRK-B) shares move in tandem with Ms. Hathway’s film career. Consider what the Financial Times had to say on the matter:

Anne Hathaway is young, beautiful and excels in soppy romantic comedies. But while her puppy-dog-eyes bring tears to multiplexes worldwide, her performances are now being watched in a less familiar quarter: Wall Street.

Traders barely noticed that the star of The Devil Wears Prada had hosted last month’s Oscars, until blogger Dan Mirvish spotted an odd pattern: if Ms. Hathaway is in the news, Warren Buffett’s Berkshire Hathaway stock jumps too.

Berkshire shares rose 2.02% the night before Ms. Hathaway hosted the Oscars,and a whopping 2.94% the day after. The opening day of her 2009 comedy Bride Wars was also a good day for Berkshire stock -- up 2.60%. And why might Anne Hathaway be having this effect on Berkshire Hathaway’s price? Mirvish suggests that “robotraders” are scanning the headlines looking for trends, and upon seeing multiple mentions of “Hathaway,” are automatically buying Berkshire Hathaway stock. Given that algorithmic trading now accounts for 70% of all trading, it’s not implausible. Sadly, this is what the investment management profession has degenerated into. Real “roll up your sleeves” research is too much work. Who has time to read the notes to a balance sheet, after all? Even technical analysis, which has always had its share of the mentally lazy who prefer cheap shortcuts they rarely understand, is now too much work. Yes, instead we now have computers reading the newspapers for us and buying Berkshire Hathaway stock every time Anne Hathaway gets photographed by the paparazzi. Brilliant. The bad news is that this kind of nonsensical noise trading adds to the volatility of the markets. Remember last year’s “Flash Crash” in which the Dow dropped 1,000 points for no discernible reason only to gain most of it back almost instantly? Though there has yet to be a satisfactory answer as to what happened that day, most blame the crash on algorithmic trading run amok. The timing of the Flash Crash, just a year after the worst bear market in a generation, added to the sense of alienation that many retail investors feel towards Wall Street. The man on the street can be forgiven for concluding that it is a rigged game. The truth is, Wall Street really is a rigged game and it always has been. And even with the massive regulatory apparatus ostensibly put in place to protect the “little guy,” the reality is that Wall Street will most likely always be a rigged game.
The good news is that it really doesn’t matter. Level-headed investors can still do quite well, so long as they play to their strengths. Remember, robotraders have time horizons measured in seconds. You can’t compete with that if you are attempting to trade on speed. But if you choose your investments well -- like Mr. Buffett -- you can do very well with time horizons measured in months, years, or even decades.
Those investors willing and able to make bold bets against the herd can also do quite well. Again returning to Buffett, “You have to be fearful when others are greedy and greedy when others are fearful.”
Or as Baron Rothschild more bluntly put it, “The time to buy is when there is blood in the streets.” Investors who were able to buy during the pits of the Flash Crash made a fortune in a matter of minutes. Those who bought during the post-Lehman meltdown of late 2008 had to wait a bit longer but still enjoyed fantastic returns in the two years that followed. At my firm, this is how we approach investing. We focus on themes with staying power -- demographic trends, the rise of the emerging market middle class, and long-term dividend growth, to name a few. We look for opportunities where a given stock -- or the stock market as a whole -- have been mispriced due to investor fear, greed or lack of understanding. And then we invest accordingly. And as for the lovely Ms. Hathaway, we enjoy our starlets on the silver screen, but we don’t let them affect our investment decisions.’

‘Dancing With the Stars’: Season 12 ‘Idol’ names winner in record vote Goodbye Oprah (Washington Post) [ I must admit, never having seen even one of the foregoing shows, the ‘dry heaves / nausea’ factor at even the thought of same may seem, in light of their popularity, less than fair or objective. The truth is that more probable is the ‘deamericanization factor’ that I and I believe the rest of the world is experiencing. I usually don’t comment on entertainment matters; but, a sign of the times is noteworthy. 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline..’ ] States face shortfall for retirees (WP) Public workers’ retirement funds had a gap of $1.26 trillion at the end of fiscal 2009 Study: Affordable rentals scarce (WP) Poll: For Obama, low marks on Afghan war (WP) More Americans disapprove of President Obama’s management of the war in Afghanistan than support it Fuel prices cut into Obama popularity (WP) (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast turmoil to obfuscate their failure. Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come! America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart.]

Washington area’s Asian population booms (Washington Post) [ This seems to foreshadow that almost mythical, legendary, prospective ‘long march’ so heralded in Chinese lore (at least the military’s) regarding the final conquest of pervasively corrupt, defacto bankrupt, and rapidly declining america. I’d say they’re watching ever more closely the ever more worthless american paper they’re holding. Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Senate Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a hard place called Afghanistan; indeed they are. [Pakistani troops, NATO helicopters engage in firefight 6th soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan Jones | U.S. intelligence is that bin Laden needs dialysis every 3 days/ http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST… FLASHBACK: Editorial: US in quagmire War in Afghanistan and Iraq costs America $1trillion Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Why we read Palin’s tell-all The underlying interest says something more primal than simply our fascination with Mama Grizzly. (Washington Post) [ I’d say it’s more of a curious fascination with the ‘new american dumb’. After all, who can deny the boost she got from SNL’s Tina Fey’s impresarios highlighting same. Yet, in comparison with and juxtaposed to the rest of the Washington field (mccain, bush, wobama, et als), she’s got plenty of cover / camouflage. Send to a friendSarah Palin: Don't pick on Donald Trump Politico - Even though Donald Trump has wholeheartedly embraced the wall-to-wall media coverage that's come with his promotion of the widely discredited “birther” issue, Sarah Palin argued Tuesday that the press is treating him ... Trump's business success claims questioned CBS News ‘…Trump hotels and casinos in Atlantic City have filed for bankruptcy protection three times. While Trump blamed market forces, he has long been chairman of the board for the casino businesses.In his defense, Trump said he "didn't run the company." Isikoff then asked why he was paid $2 million per year to chair the board of that business. Trump replied: "Excuse me. Because I'm a genius, okay."Trump said many different businesses license the use of his name, but he's not directly involved in their operations.Casinos have not been the only weakness in the Trump empire. There have been many high profile bankruptcy filings, bad real estate deals, and a trail of ongoing lawsuits accusing him of bad business practices.Another questionable move was "Trump University," an online, for-profit business education firm. The attorney general in Texas ordered him to stop using the word "university" in its title. Trump said his company was unaware of restrictions on the use of that word.Isikoff also said he asked Trump if he thought the state of Hawaii was lying in regards to Obama being born there, and he did not answer the question. In summation of his experiences that qualify him to be President of the United States, Trump told Isikoff: "My successes...have been vast. I don't even view myself as having failures, and I certainly learned from things that don't work out as well." ‘ As Trump rants, TV ratings slide Tampabay.com Parker: The GOP plays a crazy Trump card (Washington Post) [ I don't know what polls Ms. Parker's referring to; but unless she's referring to mobster trump apprentice news (trump was fired from his own casino company), that certainly doesn't comport with polls I've read. Moreover, like palin, trump's the joke that keeps on giving (for SNL, late-night talk hosts, etc.) ...’ ]

Allan Sloan A Wall Street money maven suggests buying stocks of some large-capitalization U.S. multinational firms. (Washington Post) [ Sorry Mr. Sloan. Your usual right-on perspicuity is a bit off here; certainly in terms of time. That was the strategy in light of the dollar debasement which, along with continued fraud among other manipulations, has created a stock-price bubble almost of unprecedented magnitude (infra). The best advice now comports with that old adage: ‘Sell in May and go away’. This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart. 2) Professor Shiller at Yale figures that the present price-to-earnings ratio for the Standard & Poor’s 500 is in the area of 26.  The historical average is about 16.   3) The failure of the financial sector to keep up is a significant negative divergence for the entire market.   4) Key market leaders are rolling over in price... ‘

Global Economy Dying on the Vine Nyaradi ‘The global economy seems to be dying on the vine as more news of economic slowdown pours in every day. The U.S. stock market and ETFs continue to react negatively to deteriorating economic news even as the Federal Reserve bought $6 Billion in their POMO operations yesterday.The DJIA, S&P 500 and NASDAQ are all below their 50 Day Moving Averages while the NASDAQ has also dropped below its 100 Day Moving Average.The NASDAQ and DJIA are now on Point and Figure “Sell” signals, having experienced a Bearish Catapult Breakdown at Tuesday’s close and now has a price target of 12,050.

http://static.seekingalpha.com/uploads/2011/5/25/saupload_djiapf052411.png stockcharts.com, click to enlarge

… Richmond Federal Reserve reported a severe drop in activity in the region as the report actually contracted to -6 from a +10 in April. China’s Purchasing Manager’s Index declined, Japan is back in recession and Belgium, one of the core countries in the eurozone was issued a credit downgrade warning by the Fitch ratings agency. Spain’s bond premium to the benchmark German Bund is back to January’s levels and Greek 10 Year Bonds are a whopping 17% which is clearly unsustainable. Closer to home, Vice President Biden continues to work with Congress towards what they’re labeling a $1 Trillion down payment to avert a government shutdown in August and the Illinois State Treasurer says his state is on the “verge of financial disaster.” …’ ]

Geithner: ‘Dark forces’ working against overhaul (Washington Post) [ Yeah! And, this was so from the date of ‘tiny tim geithner’s’ appointment, along with other insiders. . Barack Obama: The Naked Emperor Shocking but true revelations from David Icke (a must read) | ‘…He has been covertly funded and supported ever since by the Trilateral Commission and its network of foundations connecting into the Ford Foundation, for whom Obama's mother worked... Does anyone really believe that someone, a 'man of the people', would simply appear from apparently nowhere to run the slickest and best-funded presidential campaign in American history? He was chosen long ago by those who wish to enslave the very people that Obama says he wants to 'set free'. The sources of Obama funding .. - Goldman, UBS, Citi, Credit Suisse, Deutsche, J.P. Morgan Chase, Morgan Stanley, etc. No wonder he went back on his pledge to accept the limitations of public funding … Obama is just more of the same, a big smile with strings attached, and controlled completely by those that chose him, trained him, sold him and provided his record funding, kept his many skeletons under wraps, like the gay sex and crack cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to be with your Presidential camp, who is alleged to claim that someone claiming to represent me called asking for $100,000, to keep me from coming forward about our (Obama and I) November 1999 encounter of sex and cocaine use?), ... Obama is just another Banksters' moll prostituting himself .., and that's why he supported the grotesque bail-out of the banking system and why he will always put their interests before the people. His financial advisors are straight from the Wall Street 'A' list, … Zionist Tim Geithner (Bilderberg Group, Trilateral Commission, Council on Foreign Relations), was appointed Treasury Secretary, a former employee of both the Council on Foreign Relations and the appalling Kissinger Associates. Obama's Treasury team locks into the inner circle around the Zionist Robert Rubin, Citi, Council on Foreign Relations, and economic advisor to Obama. Rubin, ..Illuminati Bilderberg Group, the man behind Citi's debacle.. rescued by taxpayers' money. The very people who caused the financial crisis .. appointed by Obama .. CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ...’  Cases against Wall Street lag despite Holder’s vows to target financial fraud Obama has promised to hold Wall Street accountable for the meltdown. ):

‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Drudgereport: USA HITS DEBT CEILING...
TREASURY RAIDS PENSIONS...
PUTIN DECIDES TO RETAKE PRESIDENCY
GALLUP: Romney, Palin Lead GOP Field for 2012...
In Obama's Hometown, Romney Criticizes Econ Policies...
Sends Left-Over Pizza to Obama HQ...
Will formally announce run on June 2...
'PATRIOT ACT' CLEARS CONGRESS -- WILL BE SIGNED INTO LAW BY A MACHINE...
60 DAYS: GOP senators press Obama on war powers...
Pile of American debt -- would stretch beyond stratosphere!
House members' stock market success suspect...
Congressional bonuses handed out during budget crisis...
Loughner removed from courtroom after outburst...
Found too american to stand trial...
Gold, silver coins to be legal currency in Utah...
DAY 3: MORE TWISTERS...
At least 14 more killed...
VIDEO...
Fresh Twisters Touch Down...
At least 7 more killed...
Death toll reaches 124 in Joplin; Deadliest in half century..
1,500 Reported Missing...
TORNADO SWARMS DEADLIEST IN MORE THAN HALF CENTURY
HEARTLAND DEVASTATION...
116 dead, nearly 500 twister deaths this year...
VIDEO... PHOTOS...
AUDIO TERROR: 'I LOVE YOU ALL'...
'I'm alive!' text message saves man's life...
1,500 rescuers work through pouring rain...
Threats of more to come...
Looting in Minneapolis...
State Treasurer Warns Bond Houses Against Further Loans to Illinois...
NYT: 'Is Anti-White Bias a Problem?' [ … In what some have called the new post-racial era, what constitutes discrimination is shifting. The landmark Supreme Court case, Ricci v. DeStefano, for example, ruled that white firefighters suffered discrimination when their employer threw out a promotional exam because none of the African-American firefighters who took the test qualified for promotion …’ UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
UPDATE: $24B in bailout paid to contractors who owe millions in taxes...
Palestinians: netanayahu Speech is 'declaration of war'...
SUPREME COURT ORDERS CA TO RELEASE UP TO 46,000 PRISONERS...
'Terrible things are sure to happen'...
JERRY BROWN: 'Let's raise taxes!!!'
FEDS SPEND MILLIONS STUDYING SHRIMP ON TREADMILLS?? 'GELATIN WRESTLING' IN ANTARCTICA??
Zuckerberg Shock: 'Only meat I'm eating is from animals I've killed myself'... ‘"The only meat I'm eating is from animals I've killed myself," says the Facebook founder and CEO. It's an odd dietary direction for the 27-year-old Internet billionaire, but since he has taken to killing goats, pigs and chickens, "I'm eating a lot healthier foods. And I've learned a lot about sustainable farming and raising of animals," he says. "It's easy to take the food we eat for granted when we can eat good things every day." Zuckerberg's new goal came to light, not surprisingly, on Facebook. On May 4, Zuckerberg posted a note to the 847 friends on his private page: "I just killed a pig and a goat."’

Global Economy Dying on the Vine Nyaradi ‘The global economy seems to be dying on the vine as more news of economic slowdown pours in every day. The U.S. stock market and ETFs continue to react negatively to deteriorating economic news even as the Federal Reserve bought $6 Billion in their POMO operations yesterday.The DJIA, S&P 500 and NASDAQ are all below their 50 Day Moving Averages while the NASDAQ has also dropped below its 100 Day Moving Average.The NASDAQ and DJIA are now on Point and Figure “Sell” signals, having experienced a Bearish Catapult Breakdown at Tuesday’s close and now has a price target of 12,050.

http://static.seekingalpha.com/uploads/2011/5/25/saupload_djiapf052411.png stockcharts.com, click to enlarge

Yesterday’s economic reports gave the stock market a quick boost at the open when new home sales came in at +7.3% and an annualized rate of 323,000/year which still is at severely depressed levels. But then, the Richmond Federal Reserve reported a severe drop in activity in the region as the report actually contracted to -6 from a +10 in April. China’s Purchasing Manager’s Index declined, Japan is back in recession and Belgium, one of the core countries in the eurozone was issued a credit downgrade warning by the Fitch ratings agency. Spain’s bond premium to the benchmark German Bund is back to January’s levels and Greek 10 Year Bonds are a whopping 17% which is clearly unsustainable. Closer to home, Vice President Biden continues to work with Congress towards what they’re labeling a $1 Trillion down payment to avert a government shutdown in August and the Illinois State Treasurer says his state is on the “verge of financial disaster.” …’

Is the U.S. Worse Off Than Europe? Maierhofer ‘… Deception and naive reporting are as intertwined with the evolution of European dept woes as Feta cheese is to Greek culinary culture. Rarely has this become more obvious than now. Luxembourg's Prime Minister didn't beat around the bush: 'When it becomes serious, you have to lie.' You be the judge whether it is more 'honorable' to omit, deceive, obstruct, misconstrue, or lie (purposely or unintentionally). There are plenty of examples so we can make an educated decision.You shouldn't throw stones if you are sitting in a glass house. This is the case with the United States. The administration has engaged in all kinds of maneuvers and financial alchemy to obstruct the truth and prevent free market forces from expressing themselves. QE2 is the most famous example. Mr. Bernanke is caught in his very own web of financial engineering side effects. Preaching on one hand that QE2 was supposed to inflate assets and create a wealth effect but denying that QE2 has caused wide spread food and energy inflation. Another example is the 'adjustment' of accounting rule 157, demanded and sanctioned by Congress. The 'new and improved' rule 157 allows banks (NYSEArca: KBE) and financial institutions (NYSEArca: XLF) to omit hundreds of billions of toxic assets in an off balance sheet bucket that doesn't affect earnings results …’

[video] Growing Bear Signs for trader

The S&P 500's Lost Decade Short ‘Here is a new update of a chart that illustrates the total return performance of the S&P 500 since the Tech Bubble closing high on March 24, 2000. The chart shows the value of $1000 invested in the index, including dividends, but excluding any taxes or fees, as of May 20th. I've also included the real value using the Consumer Price Index for the inflation adjustment. http://static.seekingalpha.com/uploads/2011/5/25/saupload_sp500_total_20return_on_1000_invested_in_2000_thumb1.png
Click for a larger image I calculated on the returns based on the daily price and daily dividends interpolated from the quarterly dividends as reported by Standard & Poor's. Thus the $1,070 nominal and $809 real values are the hypothetical returns excluding any taxes or fees. For the sake of comparison and to validate the calculation method, we can compare the nominal return in the chart above to Vanguard's 500 Index Investor Fund (VFINX), which has had a return of $1,057. Over the same timeframe The SPY ETF has returned $1,044.We're now over eleven years beyond the S&P 500 2000 high. This little charting exercise gives credence to the frequent reference to a "lost decade" for investors. It also offers support for the wisdom of diversification across asset classes.’

[$$] Another Late-Day Slide for the S&P

This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … El-Erian: “Financial Repression” In the Form of a Negative Real Rate of Return for Savers Is Coming to America Pimco co-chair El-Erian is saying that the major flaws in the financial system will not be addressed, the government will keep on printing money, and that the inflation-adjusted return on investments for most Americans will be negative. Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart. 2) Professor Shiller at Yale figures that the present price-to-earnings ratio for the Standard & Poor’s 500 is in the area of 26.  The historical average is about 16.   3) The failure of the financial sector to keep up is a significant negative divergence for the entire market.   4) Key market leaders are rolling over in price... ‘

Top Democrats criticize Obama’s Israel policy Now the president — whom critics often accuse of employing a play-it-safe governing style in which he waits for others to take the lead — is largely isolated politically in raising the issue of 1967 boundaries. (Washington Post) [ What policy … to him, just words … more b***s*** . I’ve thus far refrained from commenting on what I’ve anticipated to be ‘just more of the same’; empty rhetoric. Pervasively corrupt, defacto bankrupt america makes the wrong choice at every turn, ensuring in every way, decline and fall; self-destructive, self-defeating. Make no mistake, and let me reiterate, that substantially underrated President General Eisenhower would have put American interests first and the current debacle would never have occurred in the first instance … see, ie., http://albertpeia.com , historical documentation, from website: http://www.ameu.org ‘Lest We Forget The Israeli lobby in Washington has successfully influenced the U.S. Congress to give billions of non-repayable dollars each year to Israel on the premise that Israel's loyalty and strategic importance to the United States make it an ally worthy of such unprecedented consideration. Is it ? In his Farewell Address, George Washington warned Americans to avoid a passionate attachment to any one nation because it promotes "the illusion of an imaginary common interest in cases where no real common interest exists." In 1948, U.S. Secretary of Defense James Forrestal, an opponent of the creation of a Jewish state in Palestine, warned that, even though failure to go along with the Zionists might cost President Truman the states of New York, Pennsylvania, and California, it was about time that somebody should pay some consideration to whether we might not lose the United States. Israeli actions over the past 53 years involving U.S. interests in the Middle East seriously challenge the "strategic asset" premise of the Israeli lobby. Some of these actions are compiled in the list that follows: …’ ] Netanyahu lays out vision for Mideast peace (Washington Post) [ Vision? Don’t make me laugh! The guy’s blind; and a ward and provocateur at america’s substantial cost and detriment. ]

Poll: More fear U.S. debt than default Whether or not Congress raises the debt limit, majority of Americans are worried about the consequences. (Washington Post) [ How ‘bout all of the above! “Both Parties And The White House Are Advocating A US Default” Zero Hedge | David Stockman, one of the few voices of fiscal prudence, debated US insolvency.

David Stockman: “Both Parties And The White House Are Advocating A US Default” Last week David Stockman was on Tom Keene, making the usual media rounds (sometimes we marvel at his patience and endurance), as one of the few voices of fiscal prudence available to TV producers who seek to hold a balanced debate on the topic of US insolvency.

Stop Raising the Debt Ceiling Ron Paul | When our creditors finally wise up and cut us off, we will be forced to face economic realities whether we want to or not. Harry Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out Market Downturn Approaching; Go Long the Ultra Shorts? White ‘.. consistently bad economic .. Following is a brief list (mostly from Yahoo Finance‘s Economic Calendar) of troubling news: …1-20…’ This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away! …

America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog | It’s now mainstream news that none of the big financial criminals have been prosecuted. This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic performance of the past ten years, equity valuations are the 2nd largest bubble in U.S. history... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued according to this valuation metric. The only time the markets have been more overvalued was a few brief months in 1929 and the tech bubble

... growth in earnings have been artificially manufactured...

· The change in accounting rules for the financial sector by FASB has generated massive “false” account profits beginning in 2009…’

Treasury to tap pensions to fund government (WP) 24 Signs Of Economic Decline In America States face shortfall for retirees (WP) (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed. ]

Market Downturn Approaching; Go Long the Ultra Shorts? White ‘It is time to worry about a market downturn. There has been almost consistently bad economic news reported in the U.S. in the last week. Following is a brief list (mostly from Yahoo Finance‘s Economic Calendar) of troubling news:

1. The Trade Balance for March was worse than expected at -$48.20B vs. an expected -$47.00B (the previous month’s was -$45.40B). Pundits are speculating that this will result in a lowering of the Q1 GDP estimate, which is due out May 26.
2. The Mississippi Flood is the worst in a century-- this alone will depress the Q2 GDP. Shipping down the Mississippi has slowed (or sometimes stopped). Huge numbers of casinos have closed. Farms and towns have been flooded.
3. The PPI missed at 0.80% vs. an expected 0.60%. The Core PPI missed at 0.30% vs. an expected 0.20%. Also, the continued large spread between the CPI and PPI numbers means that many companies are eating a good part of the quickly increasing input costs. This should hurt margins going forward.
4. Retail Sales (MoM) missed at +0.50% vs. an expected +0.60%.
5. Some good news Friday had the Michigan Consumer Sentiment Index beat at 72.40 vs. an expected 70.00.
6. The NY Empire State Manufacturing Index missed at 11.90 vs. an expected 19.60.
7. The TIC Net Long-Term Transactions missed at $24.00B vs. an expected $57.70B.
8. The NAHB Housing Market Index missed at 16 vs. an expected 17.
9. Housing Starts missed at 0.52M vs. an expected 0.57M.
10. Building Permits missed at 0.55M vs. an expected 0.59M.
11. The Capacity Utilization Rate missed at 76.90% vs. an expected 77.70%.
12. Industrial Production (MoM) missed at 0.00% vs. an expected +0.50%.
13. Several blue chip companies such as Cisco (CSCO) and Hewlett Packard (HPQ) gave very weak guidance going forward, as though they are expecting a soft spot in the economy.
14. The Fed Minutes indicated that they had considered ending QE2 before its stated end, but decided to proceed since it was so close to the end. The Fed also talked about how to withdraw stimulus. There seemed to be no serious consideration of a QE3. There are only a few crumbs left of the manna of the market hypers (QE2).
15. Congress has allowed the debt ceiling to be exceeded. Geithner is now borrowing from Peter to pay Paul, and August 2nd is the day that he says this must stop. The Republicans are using the threat of a default as leverage to get concessions on many of the spending cuts they want. They will get spending cuts, which means tightening! Tightening tends to push the equities markets down. Hopefully the U.S. will not default.
16. The USD has been rallying. The above mentioned tightening should help the USD rally. If the USD continues to strengthen, that could cause an unwind of the USD carry trade. This would translate into selling of equities and commodities. A stronger USD would mean commodity prices would likely fall.
17. The Initial Jobless Claims were 409K vs. an expected 420K, but the previous week‘s number was revised upward to 438K. While it was pleasant to see a beat for a change, the overall trend is still bad. The 409K means the total increase in Initial Jobless Claims in the four weeks since the end of the last Nonfarm Payrolls surveys’ data period has been 159K. Additionally, the 68K jobs from the one-time McDonald’s (MCD) hiring spree that padded the last Nonfarm Payrolls report will not be there to prop up the next report on the first Friday of June. This means that the next report will be shy a total of 227K jobs. The Nonfarm Payrolls number is likely to be a big disappointment.
18. Existing Home Sales dipped in April to 5.05M vs. an expected 5.22M and a previous 5.10M.
19. The Philadelphia Fed Manufacturing Index missed terribly at 3.90 vs. an expected 20.00 and a previous 18.50. This is truly ominous when combined with the terrible NY Empire State Manufacturing Index miss (see above).
20. The Leading Indicators for April missed at -0.3% vs. an expected 0.0%…’

In Libya, robbery funds the revolution Cash-strapped rebels resort to an unorthodox tactic — a bank robbery — to help fund fight against Gaddafi (Washington Post) [ Ah! Right! The americanization of the revolution … robbery in any form is something that america knows a lot about … Some have already talked about this theft as being a prime reason for this conflict: NATO in Libya: Besides the Oil, Is It Also a Gold Robbery? The IMF data show Libya’s reserves to be 4.6 million ounces, a figure of nearly 144 tons. At current market prices the value is over $6bn. Financial Heist of the Century: Confiscating Libya’s Sovereign Wealth Funds (SWF) The objective of the war against Libya is not just its oil reserves (now estimated at 60 billion barrels), which are the greatest in Africa and whose extraction costs are among the lowest in the world, nor the natural gas reserves of which are estimated at about 1,500 billion cubic meters. Libya: All About Oil, or All About Banking? I have never before heard of a central bank being created in just a matter of weeks out of a popular uprising. This suggests we have a bit more than a rag tag bunch of rebels running around and that there are some pretty sophisticated influences. Libyan War Gets Weird: Defending the Indefensible Even those who have studied for years the criminal consolidation of this planet under the global corporate-financier oligarchy may be noticing that the war in Libya is turning into something new and unprecedented. French, British leaders meet about Libya (Washington Post) [ Wow! Talk about sounding like a plan ... and all this time we thought they already had done that. After all, they must conserve their resources; you know, that war-prone nato alliance comprised of members almost to a nation defacto bankrupt, striving to emulate 'lead war nation' america's defacto bankrupt status. ] The countries struggled Wednesday to come up with new tactics to topple Moammar Gaddafi without resorting to further Western military intervention.

Libya: Increased Airstrikes, Ground Troops, Contractors, Civilians Killed, Deadly DU Munitions – Can We Call This A War Yet? The globalist coalition refers to it as ‘kinetic military action’, yet as more civilians are killed in NATO bombings, and with experts adamant that deadly Depleted Uranium weapons are being used by Western forces, the conflict in Libya looks a hell of a lot like the occupations of Afghanistan and Iraq all over again.

‘Depleted uranium’s toxic legacy to poison Libya for 40 years’ Military experts are accusing coalition forces in Libya of using depleted uranium in their air strikes. The deadly substance can cause cancer and physical mutations in those who come into close contact with it.

63 percent of people killed in Iraq war were civilians: report Xinhua | U.S.-led wars in Iraq and Afghanistan have been causing huge civilian casualties. ]

GOP rejecting ‘root-canal economics’ The debate about the impact of immediate budget cuts on a fragile economy is at the core of a showdown over how and when to trim the deficit. While Republicans say a swift spending cut doesn’t have to be painful, many economists warn it comes at a cost. (Washington Post) [ Economists? You mean the ones who helped get us here in the first place, including ‘no-recession-helicopter-ben-b.s.-bernanke’? Root canals? So what! That’s what novacaine’s for … This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … El-Erian: “Financial Repression” In the Form of a Negative Real Rate of Return for Savers Is Coming to America Pimco co-chair El-Erian is saying that the major flaws in the financial system will not be addressed, the government will keep on printing money, and that the inflation-adjusted return on investments for most Americans will be negative. Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart. 2) Professor Shiller at Yale figures that the present price-to-earnings ratio for the Standard & Poor’s 500 is in the area of 26.  The historical average is about 16.   3) The failure of the financial sector to keep up is a significant negative divergence for the entire market.   4) Key market leaders are rolling over in price... ‘

Market's Risk/Reward Ratio Remains Poor McCurdy ‘The S&P 500 index has been in a secular bear market since 2000 and our Secular Trend Score (STS) indicates that we remain in the middle stage of its development (click to enlarge images):

http://static.seekingalpha.com/uploads/2011/5/14/668911-130540693393499-Erik-McCurdy_origin.png

This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away! …

America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog | It’s now mainstream news that none of the big financial criminals have been prosecuted. This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png

1Q bank profits up, revenue down Profits in the first quarter were the best in four years, but the industry isn’t back on its feet yet. (Washington Post) [ ‘Simple trick’ that you’re paying for whether you like it or not … ie., Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money—‘ … America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog | It’s now mainstream news that none of the big financial criminals have been prosecuted. This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic performance of the past ten years, equity valuations are the 2nd largest bubble in U.S. history... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued according to this valuation metric. The only time the markets have been more overvalued was a few brief months in 1929 and the tech bubble

... growth in earnings have been artificially manufactured...

· The change in accounting rules for the financial sector by FASB has generated massive “false” account profits beginning in 2009…’

Treasury to tap pensions to fund government (WP) 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline’ ] States face shortfall for retirees (WP) (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed.

Focus Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs, extinction, at least in a manner of speaking. Global information exchange at lightning speed has made such throwbacks to a lost era, propaganda, and maladaptive traits foolish at best, deadly at worst. Intelligent people worldwide aren’t buying the obsolete, Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc..; more specifically, diversion of the masses from the glaring failures of leadership, economic and otherwise.

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Agents irked by plan to keep Mueller (Washington Post) [ ‘abide by .. tenure limits’ ? I’m more concerned with, and it’s fundamentally more important from the perspective of the FBI’s ‘mission and purpose’, that meaningful law be abided by regarding the following:
October 15, 2010 (*see infra)

Steven M. Martinez, Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700

Los Angeles, CA 90024

Dear Sir:

I enclose herewith 3 copies of the within DVD rom autorun disk (which will open in your computer’s browser) as per your office’s request as made this day (the disk and contents have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer to prevent viral attacks / infection and are without threat). I also include 1 copy of the DVD as filed with the subject court as referenced therein (which files are also included on the aforesaid 3 disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act is a criminal statute which provides a civil remedy, including treble damages and attorney fees, as an incentive for private prosecution of said claims probably owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such assistance given the seriousness and prevalence of said violations of law which have a corrupting influence on the process, and which corruption is pervasive). A grievance complaint against Coan was also filed concurrently with the subject action and held in abeyance pending resolution of the action which was illegally dismissed without any supporting law and in contravention of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District Connecticut. The files below the horizontal rule are the referenced documents as filed. (Owing to the damage to the financial interests of both the U.S. and the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False Claims Act probably would apply and I would absent resolution seek to refer the within to a firm with expertise in that area of the law with which I am not familiar).

The document in 5 pages under penalty of perjury I was asked to forward to the FBI office in New Haven is probably the best and most concise summary of the case RICO Summary to FBI Under Penalty of Perjury at Their Request (5 pages) [ ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].

The correspondence I received from the Congresswoman by way of email attachment (apparent but typical problem with my mail) along with my response thereto is included on the 3 disks as fbicorrespondencereyes.htm . With regard to the calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA office and I was referred to the Long Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the money laundering which he confirmed as indicative of same (he was transferred from said office within approximately a month of said meeting and his location was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron Barndollar and we remained in touch for in excess of a decade until he abruptly retired (our last conversation prior to his retirement related to the case and parenthetically, Rudy Giuliani whose father I stated had been an enforcer for the mob to which he registered disbelief and requested I prove it, which I did – he served 12 years in prison, aggravated assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew Maloney’s the one that prosecuted gotti).

In contradistinction to the statement in said correspondence, there is a plethora of information including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set forth in the case, inter alia,

· A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..

· Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.

· The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages: [ Shiff Order of Dismissal With Prejudice on Coan’s Failure to File Page 1 Page 2 ]

· Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [ http://albertpeia.com/crossexamofcoanbypeia.pdf ]

· Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.

· Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one mob case he had brought, bungled, lost (accidently on purpose?) since I was suing some mob-connected under RICO and the court (I had known / previously met outside of court the judge Ackerman through a client) was absolute bedlam and a total joke since incompetent corrupt Alito brought in all 20 mob defendants (rather than prosecute one or a few to flip them first) who feigning illness had beds/cots in the courtroom along with their moans during testimony and had the jury in stitches. As much as I hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3^rd 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. 5^th Street, #404

Los Angeles, CA 90013

(213) 219-**** (cell phone)

(213) 622-3745 (listed land line but there are unresolved problems with the line, computer connection may be the reason but I hesitate to chance greater non-performance / worsening by their ‘fix’ so cell phone best for contact).

Fight over feral alley cats divides feline lovers (Washington Post) [ My love of cats, big and small, is no mystery; but indeed is beyond the scope of this comment. I’ve had and loved neutered (not by my decision / action) as well as my most recent ‘macho’ (non-neutered) cat ( I just couldn’t bring myself to ‘cutting his b***s off’ as advised by a girl I was seeing at the time … kind of a ‘golden rule’ thing … and knowing ‘he’d never forgive me’ … his loss to me, part of the RICO scenario, though not part of my damages, is among the forever unforgivable parts of what occurred therein). As for ‘taking a position’, as a noumenon, I question the premise of any life at all in a meaningful sense in Washington d.c.; and hence, not the best comparison for setting policy. Unlike dogs, you will not see cats attacking and killing babies, etc.. So, I conclude that in such dire circumstances (d.c.) where a trade-up is beneficial, such seems, though rightfully exceptional, a sometimes favorable course, if the only choice; which assumes procreation and continued growth of the species is not impinged upon. Therefore, this argues for un-neutered moves to better environs. ]

This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … El-Erian: “Financial Repression” In the Form of a Negative Real Rate of Return for Savers Is Coming to America Pimco co-chair El-Erian is saying that the major flaws in the financial system will not be addressed, the government will keep on printing money, and that the inflation-adjusted return on investments for most Americans will be negative. Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart. 2) Professor Shiller at Yale figures that the present price-to-earnings ratio for the Standard & Poor’s 500 is in the area of 26.  The historical average is about 16.   3) The failure of the financial sector to keep up is a significant negative divergence for the entire market.   4) Key market leaders are rolling over in price... ‘

Market's Risk/Reward Ratio Remains Poor McCurdy ‘The S&P 500 index has been in a secular bear market since 2000 and our Secular Trend Score (STS) indicates that we remain in the middle stage of its development (click to enlarge images):

http://static.seekingalpha.com/uploads/2011/5/14/668911-130540693393499-Erik-McCurdy_origin.png

This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away! …

America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog | It’s now mainstream news that none of the big financial criminals have been prosecuted. This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic performance of the past ten years, equity valuations are the 2nd largest bubble in U.S. history... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued according to this valuation metric. The only time the markets have been more overvalued was a few brief months in 1929 and the tech bubble

... growth in earnings have been artificially manufactured...

· The change in accounting rules for the financial sector by FASB has generated massive “false” account profits beginning in 2009…’

Treasury to tap pensions to fund government (WP) 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline’ ] States face shortfall for retirees (WP) (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed. Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come!

ECONOMIC CRISIS ARCHIVE

Reconciliation (Washington Post) Recap: Budget graphs and budget tables; our fiscal future basically depends on whether this works; and why did Republicans support a budget they knew was politically toxic? [ Budget graphs and budget tables? Don’t ‘bet the ranch’ on them … oh, wait … everybody already did … the ranch is indeed upside down (worth less than what’s owed) … the ‘new american dream / nightmare / fantasy’ … Market Downturn Approaching; Go Long the Ultra Shorts? White ‘It is time to worry about a market downturn. There has been almost consistently bad economic news ..:

1. The Trade Balance for March was worse than expected ..will result in a lowering of the Q1 GDP estimate, which is due out May 26.

2. The Mississippi Flood is the worst in a century-- this alone will depress the Q2 GDP..

3. The PPI missed at 0.80% vs. an expected 0.60%. The Core PPI missed at 0.30% vs. an expected 0.20%. .. This should hurt margins going forward.

4. Retail Sales (MoM) missed at +0.50% vs. an expected +0.60%.

5. .. Michigan Consumer Sentiment Index beat at 72.40 vs. an expected 70.00.

6. The NY Empire State Manufacturing Index missed at 11.90 vs. an expected 19.60.

7. The TIC Net Long-Term Transactions missed at $24.00B vs. an expected $57.70B.

8. The NAHB Housing Market Index missed at 16 vs. an expected 17.

9. Housing Starts missed at 0.52M vs. an expected 0.57M.

10. Building Permits missed at 0.55M vs. an expected 0.59M.

11. The Capacity Utilization Rate missed at 76.90% vs. an expected 77.70%.

12. Industrial Production (MoM) missed at 0.00% vs. an expected +0.50%.

13. Several blue chip companies such as Cisco (CSCO) and Hewlett Packard (HPQ) gave very weak guidance going forward, as though they are expecting a soft spot in the economy.

14. The Fed Minutes indicated that they had considered ending QE2 before its stated end, but decided to proceed since it was so close to the end..

15. Congress has allowed the debt ceiling to be exceeded. Geithner is now borrowing from Peter to pay Paul, ..

16. The USD has been rallying. The above mentioned tightening should help the USD rally. If the USD continues to strengthen, that could cause an unwind of the USD carry trade. This would translate into selling of equities and commodities. A stronger USD would mean commodity prices would likely fall.

17. The Initial Jobless Claims were 409K vs. an expected 420K, but the previous week‘s number was revised upward to 438K..

18. Existing Home Sales dipped in April to 5.05M vs. an expected 5.22M and a previous 5.10M.

19. The Philadelphia Fed Manufacturing Index missed terribly at 3.90 vs. an expected 20.00 ..

20. The Leading Indicators for April missed at -0.3% vs. an expected 0.0%…’ ]

Businesses criticize whistleblower plan (Washington Post) Groups are alarmed about a federal plan to reward company insiders and other tipsters for blowing the whistle on corporate fraud. The SEC is scheduled to vote Wednesday on the far-reaching proposal. [ They would … criticize and be alarmed at such plan which would increase the cost of their bribes from current levels … U.S. probes rely on companies' own inquiries (Washington Post) [ Tried that … doesn’t work in pervasively corrupt, defacto bankrupt america … the last few and ongoing crises are a testament to the failure of that approach … ] PostLeadership: Should money buy information? (Washington Post) [ It should, particularly since we know the converse is only too true in pervasively corrupt, defacto bankrupt america … Obama adopts the Bush Doctrine The May 19 Middle East speech, annotated. (Washington Post) [ Yeah! Two nut cases; two failed presidents. The latest case of U.S. paranoia (Los Angeles Times) [ Yeah! This really needs to be said; particularly when you take into account the reality, that while plentiful, american laws are all but meaningless, arbitrarily enforced at best, and ‘federales’ and their supporters (more commonly called bribes, one way or form or another) invariably the worst offenders. Though having but 5% of the world’s population, u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:

NATO launches massive Libya strike (Washington Post)Tripoli is rocked by at least 15 huge explosions, many concentrated near Moammar Gaddafi’s compound. Senators introduce measure supporting force [ ‘The Empire Strikes Back’ (saw that film – the empire’s the bad guys) at … ] A storm season on a deadly path As the death toll hits 116, the latest tornado in Missouri has experts asking why 2011 has spawned so many deadly storms, with many blasting heavily populated areas. (Washington Post) [ … God’s Wrath … as good an explanation as any, especially when taking into account the innocent blood on former empire, pervasively corrupt, defacto bankrupt america’s hands … Market Downturn Approaching; Go Long the Ultra Shorts? White ‘It is time to worry about a market downturn. There has been almost consistently bad economic news ..:

1. The Trade Balance for March was worse than expected ..will result in a lowering of the Q1 GDP estimate, which is due out May 26.

2. The Mississippi Flood is the worst in a century-- this alone will depress the Q2 GDP..

3. The PPI missed at 0.80% vs. an expected 0.60%. The Core PPI missed at 0.30% vs. an expected 0.20%. .. This should hurt margins going forward.

4. Retail Sales (MoM) missed at +0.50% vs. an expected +0.60%.

5. .. Michigan Consumer Sentiment Index beat at 72.40 vs. an expected 70.00.

6. The NY Empire State Manufacturing Index missed at 11.90 vs. an expected 19.60.

7. The TIC Net Long-Term Transactions missed at $24.00B vs. an expected $57.70B.

8. The NAHB Housing Market Index missed at 16 vs. an expected 17.

9. Housing Starts missed at 0.52M vs. an expected 0.57M.

10. Building Permits missed at 0.55M vs. an expected 0.59M.

11. The Capacity Utilization Rate missed at 76.90% vs. an expected 77.70%.

12. Industrial Production (MoM) missed at 0.00% vs. an expected +0.50%.

13. Several blue chip companies such as Cisco (CSCO) and Hewlett Packard (HPQ) gave very weak guidance going forward, as though they are expecting a soft spot in the economy.

14. The Fed Minutes indicated that they had considered ending QE2 before its stated end, but decided to proceed since it was so close to the end..

15. Congress has allowed the debt ceiling to be exceeded. Geithner is now borrowing from Peter to pay Paul, ..

16. The USD has been rallying. The above mentioned tightening should help the USD rally. If the USD continues to strengthen, that could cause an unwind of the USD carry trade. This would translate into selling of equities and commodities. A stronger USD would mean commodity prices would likely fall.

17. The Initial Jobless Claims were 409K vs. an expected 420K, but the previous week‘s number was revised upward to 438K..

18. Existing Home Sales dipped in April to 5.05M vs. an expected 5.22M and a previous 5.10M.

19. The Philadelphia Fed Manufacturing Index missed terribly at 3.90 vs. an expected 20.00 ..

20. The Leading Indicators for April missed at -0.3% vs. an expected 0.0%…’

Gerson: Gates’s war against defense cuts (Washington Post) [ Wow! Talk about being out of touch … I quess after years at the cia one starts to believe their own b***s*** / propaganda / lies to the point that, as gates, they’ve completely lost touch with reality … Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ … pervasively corrupt america is defacto bankrupt! Senate Dems find themselves in a tough spot (Washington Post) [ Tough spot? Like Iraq and a hard place … called Afghanistan … indeed they are … in a tough spot … of their own making … by a wobama prevaricating approach to most all things despite campaign promise that belie their actions, or lack thereof. ] [Pakistani troops, NATO helicopters engage in firefight 6th soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan Jones | Hamid Gul, former ISI chief, talks about NATO firing on Pakistani troops and the prospect of WWIII. Ludicrous Bin Laden “Porno” Claim Harks Back To CIA Fakery Watson | Spooks admitted creating hoax videotapes of Osama talking about having sex with boys. [ Yeah! This is becoming preposterous and it’s quite amazing that anyone’s believing anything they say. Next thing you know, they’ll be saying beyond the porn stash, Bin Laden was a closet Christian. Osama bin Laden: A dead nemesis perpetuated by the US government ... May 1, 2011 ... U.S. intelligence is that bin Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST… FLASHBACK: Editorial: US in quagmire War in Afghanistan and Iraq costs America $1trillion “All In All It Appears That Eisenhower’s Worst Fears Have Been Realized And His Remarkable And Unique Warnings Given For Naught” Financialization and Our Increasingly Unstable Economy Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Headley ties Pakistani spy agency to terror group (Washington Post) [ And, guess what? Everyone is tying american spy agency (cia) to multiple terror groups, including of course, america itself. Senate Dems find themselves in a tough spot (Washington Post) [ Tough spot? Like Iraq and a hard place … called Afghanistan … indeed they are … in a tough spot … of their own making … by a wobama prevaricating approach to most all things despite campaign promise that belie their actions, or lack thereof. ] Democrats who control the Senate are blocking bills from the GOP-led House and changing the way they are selling themselves in reelection campaigns. [ OPINION: Words can only do so much (Washington Post) [ Especially when they’re belied by misguided actions … . Pakistani troops, NATO helicopters engage in firefight 6th soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan Jones | Hamid Gul, former ISI chief, talks about NATO firing on Pakistani troops and the prospect of WWIII. Ludicrous Bin Laden “Porno” Claim Harks Back To CIA Fakery Watson | Spooks admitted creating hoax videotapes of Osama talking about having sex with boys. [ Yeah! This is becoming preposterous and it’s quite amazing that anyone’s believing anything they say. Next thing you know, they’ll be saying beyond the porn stash, Bin Laden was a closet Christian. Osama bin Laden: A dead nemesis perpetuated by the US government ... May 1, 2011 ... U.S. intelligence is that bin Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST… FLASHBACK: Editorial: US in quagmire War in Afghanistan and Iraq costs America $1trillion Editorial: Bin Laden raid no vindication of torture (WP) [I can only wonder what the presence of substantially underrated President General Eisenhower would have meant, and truly believe this entire debacle and the nation’s decline would have been avoided. “All In All It Appears That Eisenhower’s Worst Fears Have Been Realized And His Remarkable And Unique Warnings Given For Naught” Financialization and Our Increasingly Unstable Economy Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

10 Facts That Prove The Bin Laden Fable Is a Contrived Hoax Paul Watson | Every indication clearly points to last Sunday’s raid being a manufactured ploy to return Americans to a state of post-9/11 intellectual castration.

Deja Vu - Will the End of QE Lead to 20% Correction? Maierhofer ‘The stock market updates investors on a need-to-know basis. Obviously, Mr. Market feels that all we need to know is available on a real time bases ... no matter how much we want to peek into the future.

One heavily debated question is how the withdrawal of QE2 cash will affect stocks.

Here we will examine two schools of thought. One is plain vanilla, straight to the point, and requires no fantasy or analytical ability. It's so deceptively simple it might just be right.

The second viewpoint is more like a rocky road mocha almond fudge kind of approach that includes whipped cream and considers various variables.

Plain Vanilla Approach

The plain vanilla approach simply asks:

1) What was QE2 supposed to do?

2) What did QE2 accomplish?

3) What happened when the last round of QE stopped?

1) What was QE2 supposed to do? Ben Bernanke's goal was to create a wealth ripple effect by artificially inflating stock prices.

2) What did QE2 do? The stock market rallied. In addition to playing the yield curve, big banks (NYSEArca: KBE - News) and financial conglomerates (NYSEArca: XLF - News) were given the license to 'invest' free money uninhibited and indiscriminately.

Look at large cap (NYSEArca: IWB - News), mid cap (NYSEArca: MDY - News) and small cap (NYSEArca: IJR - News) stocks. They are all up.

Look at the nine main S&P industry sectors: Consumer discretionary (NYSEArca: XLY - News), consumer staples (NYSEArca: XLP - News), technology (NYSEArca: XLK - News), industrials , materials, utilities, health care and energy. All sectors, whether cyclically sensitive or not, are up.

Ironically, the only sector missing in the line up of this year's success story is ... financials. Yes, the sector that's been gorging on free money is in the red. What does the market know that we don't? We shall soon find out.

3) What happened when the last round of QE stopped? QE1 came to its conclusion in April 2010. From April to June 2010 the main U.S. indexes a la Dow Jones (DJI: ^DJI), S&P (SNP: ^GSPC), and Nasdaq (Nasdaq: ^IXIC) lost around 20% until Mr. Bernanke carefully planted the seed of QE2 hope.

Rocky Road Mocha Almond Fudge Approach

As the name implies, compared to plain vanilla, this approach considers more variables to come up with an educated, but not overanalyzed, conclusion.

Like water in a bathtub floats all the rubber ducks, QE2 has floated all the stocks.

The key question is where will cash come from when the QE2 spigot is turned off?

The most recent data from the Investment Company Institute shows that mutual fund cash levels are at 3.4%. This is an all-time low. What does this mean? If you plot mutual fund cash levels against the S&P you will see that cash levels were at multi-decade lows at the 2000 and 2007 peaks and at a multi-year high during the March 2009 low.

Mutual fund managers as a group, follow the crowd like most everyone else. It's therefore best to take their actions as a contrarian indicator. From a supply/demand perspective this makes sense too. If mutual fund managers are already invested near the max, they don't have much money left to drive stocks up further (detailed analysis featured in the ETF Profit Strategy Newsletter).

Another way to calculate 'investable cash' is to look at margin debt and available cash. The NYSE publishes data of margin debt and free cash of member brokerage firms. Based on this data, 'investable cash' is at the lowest level since the 2000 and 2007 peak (detailed analysis of mutual fund assets and 'investable cash' is featured in the ETF Profit Strategy Newsletter).

The conclusion to the cash flow question seems simple and logical. There is very limited new cash left to lift the 'rubber ducks' once QE2 has run its course …’

Top 3 Reasons Markets were Down After Europe Debt Woes Continue

Euro Debt Dumping Pushes VIX to This Scary Level

Drowning in Debt Nyaradi ‘Debt, debt and more debt flared into global financial crises last week as central banks from Greece, to Spain and the United States grappled with the imperiled finances of sinking nation states. Sovereign debt, along with bearish technical and fundamental indicators, makes this a treacherous moment for stock market investors both at home and abroad.

On My Investing Radar

The NYSE Bullish Percent Index is one of the major charts I watch for long term trends in ETFs and the U.S. stock market and the NYSEBP turned bearish this week which is yet another warning flag going forward into the “sell in May” and go away period. Click to enlarge:

http://static.seekingalpha.com/uploads/2011/5/23/saupload_bpny052211_300x261.png
Chart courtesy of stockcharts.com

The NYSE Bullish Percent Index measures the percent of all NYSE stocks on a point and figure buy signal, and this index switched to “bear confirmed” as of May 20, 2011 which indicates a significant change of tone for the broad U.S. stock market.

http://static.seekingalpha.com/uploads/2011/5/23/saupload_spx052211_300x300.png
Chart courtesy of stockcharts.com

This traditional chart of the S&P 500 (SPY) shows the index below its 20 Day Moving Average, which now becomes resistance, and above its 50 Day Moving Average which represents major support. A break below the 1325 level on the S&P 500 would represent a serious breakdown and make steeper declines a more likely possibility ahead for ETFs across all asset classes.

The View From 35,000 Feet for Global Stock Markets

Sovereign debt was the issue of the week as countries around the world struggle with what increasingly look like unsustainable debt loads.

Greece: The problem child of Europe continued causing problems this week with Fitch cutting their ratings and putting the country on negative outlook while their Prime Minister says there’s no way they will need to restructure their debt. But more and more it’s becoming obvious that at least a “soft reprofiling” might be on the way and the market anticipates problems ahead with the 10 Year Bond yield hitting new highs last week.

The big problem here is that a number of big European banks are on the hook for Greek debt and some fear that default could trigger a significant banking crisis/collapse in Europe.

Portugal: The IMF approved a $36 Billion bailout for Portugal to give it some “breathing room” to deal with its economic problems.

Italy: S&P lowered Italy’s outlook to negative.

Spain: This “too big to fail” country was wracked with demonstrations this week in defiance of a nationwide ban as mostly young people protested a national unemployment rate of approximately 20% that reaches as high as nearly 50% among youth in their teens and early twenties. The Socialists are forecast to take heavy losses in this weekend’s elections and several articles in the general media pointed to the possibility of piles of “hidden debt” being uncovered in the provinces after the elections, as some reports indicate that debt has been kept off the official books to make things seem better than they are.

United States: The Treasury Department continues to take “extraordinary” measures to keep the U.S. afloat as it has maxed out its credit card of $14.3 Trillion. D-Day for a debt limit increase is August 2nd when the country would need to borrow again or default. Vice President Biden is leading talks about cuts and tax increases but Republicans and Democrats appear to be trillions of dollars apart as the clock ticks on.

Weekly Economic and Financial Developments:

As I reported in one of my mid-week updates the news was mostly bad:

• Japan has reentered recession, its economy plunging for the First Quarter at a -3.7% annualized rate, twice as deeply as expected.
• May Empire Manufacturing Index: 11.9 vs 21.7 previously
• April Housing Starts: 523,000 versus 585,000 previously
• April Building Permits: 551,000 versus 574,000 previously
• April Industrial Production: 0.0% versus 0.7% previously
• April Existing Home Sales: 5.05 million versus 5.09 previously, a -13% year over year decline
• May Philadelphia Fed: 3.9 versus 18.5 previously, down from 43 just two months ago which was the highest reading since 1984.
• April Leading Indicators: -0.3 versus -0.7, the first decline since last June

The only glimmer of positive data was in Initial Unemployment Claims which declined to 409,000 versus 438,000 last week, but still above the psychologically and statistically significant 400,000 level.

What This All Means To You, the ETF or Stock Market Investor

What this means to us is that risk in the U.S. stock market is running high and the chance of a significant correction is relatively high.

At Wall Street Sector Selector, we continue to expect lower prices ahead in global stock markets and maintain our inverse ETF and put option positions.

The Investing Week Ahead

Major Economic and Financial Issues/Themes

Lots of important economic reports will come our way this week and be potential market movers. We’ll get news from the beleaguered housing market and on Thursday we’ll see the second estimate of the all important Q1 GDP.

Tuesday: April New Home Sales

Wednesday: April Durable Goods

Thursday: Initial Unemployment Claims, Continuing Claims, Q1 GDP second estimate

Friday: April Personal Income, April Personal Spending, March Pending Home Sales …’

All Three Major Indices Back Below 50-Day Moving Averages

- Weekly Market Outlook: Actual Employment Numbers Are Weak Headley ‘For the third week in a row, stocks lost ground. It wasn’t a big loss (only about a third of a percent), but after three straight weeks of them, questions have to be asked. We’ll ask them all below, right after we take a bigger-picture look at recent and upcoming economic data.

Economic Calendar

Last week was a big one on the real estate front, but not a good one. Starts fell from 585K to 523K, and permits fell from 5574K to 551K; both were well short of expectations. Existing home sales also fell, from 5.09 million to 5.05 million…. well beneath the forecasted rate of 5.23 million.

Factories, however, appeared to remain busy. Capacity utilization stands at 76.9% as of the end of last month, which is just a tad under the prior month’s 77.0%. Industrial production growth was flat last month, but the productivity index (not cited on the calendar below, but plotted on our chart) is still hovering at multi-year highs. Though no ‘growth’ is evident, just maintaining output levels can still led to the stability needed to foster broad economic growth. Take a look (click charts to expand):

Capacity Utilization and Industrial Productivity Index
http://static.seekingalpha.com/uploads/2011/5/23/saupload_052211_capacity_productivity.png

On the joblessness front, we’re seeing what appears to be tepid improvement, via a diminishing number of new and continuing unemployment claims. The former fell from 438K to 409K last week, while the latter fell from 3.792 million to 3.711 million.

That said, there’s an employment number you rarely (if ever) hear… the actual number of working Americans. That number isn’t getting better. As of the end of April, 139.6 million U.S. workers are actually employed. That’s about the same number of employed workers we saw in the middle of 2009, and the improvement since the middle of last year has almost been immeasurable. How can this happen while claims figures are dropping? Simple – those claims figures don’t include the unemployed who have (1) seen their benefits expire, (2) have stopped filing claims, and (3) are employed, but underemployed.

Take a look at the chart of the actual number of working Americans:

Employed U.S. Workers
http://static.seekingalpha.com/uploads/2011/5/23/saupload_052211_employed.png

And as always, the economic details for the prior and coming week:

Economic Calendar
http://static.seekingalpha.com/uploads/2011/5/23/saupload_052211_econ_data.png

The coming week will be relatively busy, but not everything is hard-hitting. Here are the biggies to watch out for.

• Tuesday: The real estate picture ill be rounded out with new homes sales levels for April. Look for an annualized rate of 300K per year.
• Wednesday: More real estate data… the FHFA Housing Price Index, which is a broad barometer for all home value changes.
• Thursday: New and ingoing unemployment claims, as usual. Look for slight drops for both.
• Friday: How sick or healthy is the consumer? Changes in income levels and spending levels will tell the tale. Income is expected to be up 0.4%, and right back to our old ‘spend more than we make’ ways, consumer spending is expected to have increased by 0.5% for April.
• Friday: Pending home sales put the final touches on the most recent real estate update; the pros are expecting a 1.8% dip for March.

S&P 500 Index

All told, the S&P 500 (SPX) (SPY) gave up 4.5 point (-0.33%) last week to end Friday’s session at 1333.27. Had it not been for Friday’s 10.3% loss though, the market would have ended the week with a gain….. not that Friday’s something we can just delete from the scoreboard.

As for what’s next though, that’s a little less clear, but there are only a couple of likely paths.

Just for the record, if Friday’s dip really is the current direction of things and we’re pointed lower – as it appears we are – then the SPX has just made its second lower highs after making a second lower low (framed by pink lines). Ergo, a downtrend is in place…that’s undeniable. The question is where it might stop falling, and reverse.

While it’s not happened yet, a floor that could do the trick is immediately below - the 50-day moving average line (purple) at 1326. Just a tad under that level is the 100-day line (gray), at 1313. If either or both of those lines fail to stop the bleeding, odds are good the S&P 500 will be paying a visit to the lower 50-day Bollinger band at 1278. What happens after that is anyone’s guess.

The other possibility here is a bullish one, beginning with a break back above that upper purple/resistance line, which by default would coincide with a move back above the 20-day moving average line (blue). If that happens, then the upper Bollinger band at 1372 becomes the new target.

In the meantime we’re in limbo, although we have to acknowledge the bears are currently in control. As such, we have to give the greater odds to the bears right now (though we wouldn’t be digging in too deep on either side of the fence).

Notice how the heavier volume days were all pullbacks, while the two rallies – Wednesday and Thursday – were on light volume.

SPX & VIX Daily HC
http://static.seekingalpha.com/uploads/2011/5/23/saupload_052211_sp500_daily.png

What about the CBOE Volatility Index (VIX) (VXX) (VXZ) in all this? Remember, last week was expiration week, which can skew the VIX and make it somewhat misleading. Or in this case, the VIX was oddly unscrewed (it closed on Friday about where it closed the prior week). That containment, however, is still a form of skew. We want to see how it starts to move in Monday and Tuesday before coming to any conclusions.

In the bigger picture though, the VIX is still uncomfortably low, meaning confidence/complacency is dangerously high; these bulls will need some sort of attitude adjustment sooner than later. A couple of closes above the VIX’s 50-day average line at 18.0 will start that process.

Since we usually add it, we’ll once again insert a weekly chart of the S&P 500 to out the daily one in perspective. What’s becoming clearer here is that the broad bullishness is losing momentum, and the bears keep testing that 100-day line.

SPX & VIX Weekly Chart
http://static.seekingalpha.com/uploads/2011/5/23/saupload_052211_sp500_weekly.png

Sector Performance

Things were shaken and stirred last week on the sector front. Healthcare (XLV) is still out in front, but Telecom (XTL) is quietly sneaking up, a complete turnaround from telecom’s dismal performance through most of last year.

At the bearish end of the spectrum, Financials (XLF) have officially gone from bad to worse. Notice, however, that there were few places to hide last week.

Sector Performance, since March 16th
http://static.seekingalpha.com/uploads/2011/5/23/saupload_052211_sector_performance.png ‘

Harold Camping: the heart of the doomsday frenzy (Los Angeles Times)

The last-minute rapture reading list (Los Angeles Times) [Drudgereport: Preacher made same prediction in 1994... Doomsday church thriving, worth $72 million... [Previous: ‘End of Days’ message rolls into D.C. (Washington Post) The potentially rotten news that the world will end on May 21 arrived plastered on a caravan of RVs. [ Gee … little premature … you know, that 2012, end of Mayan calendar, Nostradamus thing … I previously weighed in / wrote: Why do Americans still dislike atheists? (Washington Post) [ And not just americans … Why? First and foremost because there is a God. Second, it is intellectually dishonest to be an atheist. Specifically, there is absolutely no evidence to dispute the existence of God. While one might similarly argue that there is no evidence to suggest there is a God (which I would dispute), which for most is a fair statement, the same would yield at best, if intellectually honest, the position of ‘agnostic’. I can totally understand and even empathize with the view of the agnostic. After all, at this point, there seems to be ‘no rhyme nor reason’ at all. But, think binary, positives / negatives. Just too many negatives. Think ‘capital punishment’. No, the world’s not going to end in 2012 as some fear. Rather, think slow burn; decades at best; then ‘poof’. In the scheme of things, this world’s just not that important (apes, notochordates, and initially single celled organisms).

LinkedIn: Getting it while the getting is good (Los Angeles Times) Column: The firm's hot IPO should make the Fed happy as it tries to get money moving in the economy. But what happens when the latest stimulus program ends? [ Hot IPO? More like ‘Twilight Zone’ time and Dave thinks so as well … In reminder of '90s, LinkedIn has big first day (AP) - There was an unmistakable echo of the dot-com boom Thursday on Wall Street. Rod Serling Now Linked-In : Dave's Daily ‘It definitely remains a really strange market. Fed Governor Fisher summed things up nicely Thursday stating: "We've gone from too little liquidity to too much." He's definitely off the main Fed talking points but a little honesty explains the "more money than brains" market. The LinkedIn(LNKD_) IPO typifies this Thursday. You may not be aware of it but word on the street is only ten institutions were privileged to obtain freshly issued shares. I wonder who was favored with this gift; care to guess? You couldn't get a collection of bad economic news much worse than what appeared today. While Jobless Claims were marginally lower given previous adjustments, the moving average of claims reached six-month highs; Home Sales were down...again; the Philly Fed reading came in at 3.9 vs 18 expected; and Leading Indicators were lower 0.3 vs flat expectations. These were dreadful but bulls brushed them off hoping for more POMO and extended ZIRP.     Perhaps the stupid people are the ones not playing ball, given rising markets on this lousy economic news. LinkedIn should remind everyone of dotcom experiences but it's really about too much liquidity. Commodity prices were generally lower with economic data while the dollar was weaker and so too were base and precious metals. Bonds were flat overall…’ ]

Obama praises CIA’s role in bin Laden killing (Washington Post) [ Kinda like that gay sex and crack cocaine use by wobama (the cia’s into that cocaine business in a very big way) with Larry Sinclair (from Sinclair’s affidavit); their mutual lovefest … they (cia/wobama) just ‘can’t get enough of each other these days’ … all that stroking … and as with most such ‘group therapies’, such mutual support though contraindicated in terms of reality, has become all too cloyingly, disingenuously regular, however ineffective … nobody’s buying their b***s*** anymore … OPINION: Words can only do so much (Washington Post) [ Especially when they’re belied by misguided actions … . Pakistani troops, NATO helicopters engage in firefight 6th soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan Jones | Hamid Gul, former ISI chief, talks about NATO firing on Pakistani troops and the prospect of WWIII. Ludicrous Bin Laden “Porno” Claim Harks Back To CIA Fakery Watson | Spooks admitted creating hoax videotapes of Osama talking about having sex with boys. [ Yeah! This is becoming preposterous and it’s quite amazing that anyone’s believing anything they say. Next thing you know, they’ll be saying beyond the porn stash, Bin Laden was a closet Christian. Osama bin Laden: A dead nemesis perpetuated by the US government ... May 1, 2011 ... U.S. intelligence is that bin Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST… FLASHBACK: Editorial: US in quagmire War in Afghanistan and Iraq costs America $1trillion “All In All It Appears That Eisenhower’s Worst Fears Have Been Realized And His Remarkable And Unique Warnings Given For Naught” Financialization and Our Increasingly Unstable Economy Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

Harold Camping: the heart of the doomsday frenzy (Los Angeles Times)

The last-minute rapture reading list (Los Angeles Times)

Signs of the apocalypse Quinn: It’s not the end of the world Petri: Harold Camping’s actual calculations (Washington Post) [ Drudgereport: Preacher made same prediction in 1994... Doomsday church thriving, worth $72 million... [Previous: ‘End of Days’ message rolls into D.C. (Washington Post) The potentially rotten news that the world will end on May 21 arrived plastered on a caravan of RVs. [ Gee … little premature … you know, that 2012, end of Mayan calendar, Nostradamus thing … I previously weighed in / wrote: Why do Americans still dislike atheists? (Washington Post) [ And not just americans … Why? First and foremost because there is a God. Second, it is intellectually dishonest to be an atheist. Specifically, there is absolutely no evidence to dispute the existence of God. While one might similarly argue that there is no evidence to suggest there is a God (which I would dispute), which for most is a fair statement, the same would yield at best, if intellectually honest, the position of ‘agnostic’. I can totally understand and even empathize with the view of the agnostic. After all, at this point, there seems to be ‘no rhyme nor reason’ at all. But, think binary, positives / negatives. Just too many negatives. Think ‘capital punishment’. No, the world’s not going to end in 2012 as some fear. Rather, think slow burn; decades at best; then ‘poof’. In the scheme of things, this world’s just not that important (apes, notochordates, and initially single celled organisms). Kind of akin to what I previously wrote: (God doesn’t care that you wrestle a girl who wants to wrestle!) Boy wrestler forfeits match to female opponent... [ What a homo! Wow! I feel sorry for those guys she actually beat (20 of them – her record was 20 and 13) … they’ll probably never get over it … nor should they … I have to rethink my regard for Iowa, Iowa state wrestling now presuming such stalwart championship teams to be the products of out-of-state imports … as for the guy who forfeited, he could have easily and gently taken her down (you can easily do that with a lesser opponent), got her in a double grapevine and grind her in a certain way into the mat, and when she was in the throws of convulsive orgasm, she’d unwittingly arch her back, thereby pressing her own shoulder blades to the mat, thereby pinning herself, thus enabling the homo to say in a manner of speaking that he was making heterosexual love not war with her ……… how pathetic and preposterous this was … and, let me remind the homo that God doesn’t care that you wrestle a girl who wants to wrestle! ]

Senate Dems find themselves in a tough spot (Washington Post) [ Tough spot? Like Iraq and a hard place … called Afghanistan … indeed they are … in a tough spot … of their own making … by a wobama prevaricating approach to most all things despite campaign promise that belie their actions, or lack thereof. ] Democrats who control the Senate are blocking bills from the GOP-led House and changing the way they are selling themselves in reelection campaigns. [ OPINION: Words can only do so much (Washington Post) [ Especially when they’re belied by misguided actions … . Pakistani troops, NATO helicopters engage in firefight 6th soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan Jones | Hamid Gul, former ISI chief, talks about NATO firing on Pakistani troops and the prospect of WWIII. Ludicrous Bin Laden “Porno” Claim Harks Back To CIA Fakery Watson | Spooks admitted creating hoax videotapes of Osama talking about having sex with boys. [ Yeah! This is becoming preposterous and it’s quite amazing that anyone’s believing anything they say. Next thing you know, they’ll be saying beyond the porn stash, Bin Laden was a closet Christian. Osama bin Laden: A dead nemesis perpetuated by the US government ... May 1, 2011 ... U.S. intelligence is that bin Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST… FLASHBACK: Editorial: US in quagmire War in Afghanistan and Iraq costs America $1trillion Editorial: Bin Laden raid no vindication of torture (WP) [I can only wonder what the presence of substantially underrated President General Eisenhower would have meant, and truly believe this entire debacle and the nation’s decline would have been avoided. “All In All It Appears That Eisenhower’s Worst Fears Have Been Realized And His Remarkable And Unique Warnings Given For Naught” Financialization and Our Increasingly Unstable Economy Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

How the U.S could lose its credit rating (Washington Post) [ Kinda’ like how the west was won, then lost … but, Davis knows: Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ …

A taste of Navy SEAL training (Washington Post) The Extreme SEAL Experience gives participants a hint of what it takes to become one of the Navy’s elite. [ How ‘bout more than just a taste of serious math / economics training … you know, the kind that in real terms determines whether such can / should even exist. After all, the nation is defacto bankrupt … Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ …

Corsi: Trump Conspired With Obama To Neutralize Birther Controversy As he prepares to release shocking new evidence and name the people who he claims were behind the forgery of Barack Obama’s long form birth certificate, author Jerome Corsi sensationally accused short-lived Republican presidential candidate Donald Trump of “working with Obama” to neutralize the birther controversy.

New Documentary Exclusively For Prison Planet.tv Subscribers: College Conspiracy College Conspiracy is the most comprehensive documentary ever produced about higher education in the U.S. The film exposes the facts and truth about America’s college education system. College Conspiracy is just one of numerous videos that Prison Planet.tv members will receive access to this week as we announce a bumper rollout of exclusive new multimedia titles. ‘… The real unemployment rate in America is now 22% and 60% of college graduates who are lucky enough to find a job, are receiving low skilled jobs where a college degree isn’t even required. In fact, 70% of high school graduates who didn’t go to college, were able to get these very same jobs as the average college graduate. The main difference is, by the time Americans who went to college get their degree, those who went straight into the work force after high school will already have 4 to 6 years of valuable workplace experience. Instead of having $24,000 in debt, these experienced Americans will be working their way up to a higher paid position or a better job at a different company. All across America, colleges are deceiving prospective students with misleading and often fraudulent tactics and statistics. The fact is, law schools are handing out 43,000 law degrees each year, when there are 15,000 less attorney and legal staff jobs in the U.S. than three years ago. Many law schools are advertising a 90% job placement rate within one year of graduating. However, weeks before job placement surveys are conducted, some law schools will hire unemployed graduates to work in their admissions department. They are let go as soon as these surveys are completed, but count as being part of the 90% employed …’

Washington State National Guard Secret Deployment Where the National Guard soldiers might go . . . is a bit of a mystery.

Kan denies ordering TEPCO to stop seawater injection at reactor Prime Minister Naoto Kan on Monday denied having instructed Tokyo Electric Power Co to stop injecting seawater into the troubled No. 1 reactor at the Fukushima Daiichi nuclear power plant, brushing aside criticism that an alleged suspension order from him may have worsened the situation.

Mumbai terror attack: US trial puts Pakistan spy agency in the dock Allegations that Pakistan’s intelligence service was involved in the Mumbai terror attacks will be scrutinised in an American court case starting on Monday when the man who helped plan the 2008 strikes testifies against his alleged accomplice.

Jerome Corsi: Criminal Fraud Committed By White House To Keep Obama In Office; Challenges Mainstream Media & Bill O’Reilly WND’s Dr. Jerome Corsi challenges the mainstream media and Fox News’ Bill O’Reilly. The White House committed criminal fraud to keep Obama AKA Soetoro AKA Soebarkah in office. The interview was on WABC Radio and aired on 5/22/11.

Donald Rumsfeld confronted on Aspartame and Iraq War WAC Chicago | Rumsfeld hold responsibility for the destruction of Iraq and the poisoning of the American food supply.

US drone strike kills 7 in Pakistan A Non-UN-sanctioned US drone attack has killed at least seven people and wounded several others in Pakistan’s northwestern tribal region, officials say.

Drudgereport: USA HITS DEBT CEILING...
TREASURY RAIDS PENSIONS...
PUTIN DECIDES TO RETAKE PRESIDENCY
60 DAYS: GOP senators press Obama on war powers...
Pile of American debt -- would stretch beyond stratosphere!
Gold, silver coins to be legal currency in Utah...
TORNADO SWARMS DEADLIEST IN MORE THAN HALF CENTURY
HEARTLAND DEVASTATION...
116 dead, nearly 500 twister deaths this year...
VIDEO... PHOTOS...
AUDIO TERROR: 'I LOVE YOU ALL'...
'I'm alive!' text message saves man's life...
1,500 rescuers work through pouring rain...
Threats of more to come...
Looting in Minneapolis...
State Treasurer Warns Bond Houses Against Further Loans to Illinois...
NYT: 'Is Anti-White Bias a Problem?' … In what some have called the new post-racial era, what constitutes discrimination is shifting. The landmark Supreme Court case, Ricci v. DeStefano, for example, ruled that white firefighters suffered discrimination when their employer threw out a promotional exam because none of the African-American firefighters who took the test qualified for promotion …’
SUPREME COURT ORDERS CA TO RELEASE UP TO 46,000 PRISONERS...
'Terrible things are sure to happen'...
JERRY BROWN: 'Let's raise taxes!!!'

Economic Data Dismal This Week as Corporate Earnings (on currency manipulation, dollar debasement) Carry Markets WallStCheatSheet / Nyardi Like Putting Lipstick on a Pig ‘As the old saying goes, “You can put lipstick on a pig but it’s still a pig,” and this week’s economic and financial data for the U.S. economy have been truly swine-like. Here are the “boarish” details regarding global stock markets and ETFs:

· Japan (NYSE:EWJ) has reentered recession, its economy plunging for the First Quarter at a -3.7% annualized rate, twice as deeply as expected.

· May Empire Manufacturing Index: 11.9 versus 21.7 previously

· April Housing Starts: 523,000 versus 585,000 previously

· April Building Permits: 551,000 versus 574,000 previously

· April Industrial Production: 0.0% versus 0.7% previously

· April Existing Home Sales: 5.05 million versus 5.09 previously, a -13% year over year decline

· May Philadelphia Fed: 3.9 versus 18.5 previously, down from 43 just two months ago which was the highest reading since 1984.

· April Leading Indicators: -0.3 versus -0.7, the first decline since last June

The only glimmer of positive data was in Initial Unemployment Claims which declined to 409,000 versus 438,000 last week, but still above the psychologically and statistically significant 400,000 level.

Bad…bad….bad…..it has definitely been a “Miss Piggy” kind of week as, overall, the economic numbers have been a debacle, particularly the Philly Fed which came in at 3.9 compared to a consensus 20.5 and last month’s 18.5.

Small wonder they call economics the “dismal science.”

At Wall Street Sector Selector, we continue to expect lower prices ahead in global stock markets and maintain our inverse ETF and put option  positions…’

Jobless rate up in D.C., dips in Md., Va. The rate fell in more than three-quarters of the nation’s states. (Washington Post) [ Jobless rate? With or without the ‘stopped looking’ fudge factor. I don’t buy any of it!

7 Reasons a Major Stock Market Correction Is Imminent Furman ‘The recent 2.5% pullback in the S&P 500 (SPY) may just be a blip during a year bullish analysts predict the index will finish above 1500. Brief and minor sell-offs have indeed been the market's only hurdles since QE1 began in March 2009 -- the lone exception being early summer 2010, between QE1 and QE2. On the other hand, here are seven reasons U.S. indicies could lose 20% or more in the next two months.

· CONCLUSION OF QE2. Marc Faber, Austrian economist and leading market forecaster, aptly likens fiscal policy to narcotics abuse: Always destructive in the end, though it may have social benefits early on. Over time, however, that benefit requires more and more of the "good" stuff. Americans are no longer net savers and depend, along with every corporation that uses credit or relies on consumer spending, on government jobs and welfare more so than ever before. QE1 supported investment until it was finished. A sell off post-QE2 will be preempted by investors large and small, which may explain recent trading sessions closing in the red.

· COMMODITIES LEADING DOWN. Commodities markets are smaller and less subject to speculation than stock markets, which is why experienced investors refer to them as leading markets. Oil, silver, sugar, copper and other staples for both consumers and producers have fallen severely in price of late. The selling may still be escalating.

· UNCLE BUCK IS BACK. Currency markets are also referred to as leaders to stocks. Trading volume is huge, but more driven by governments and billionaires than pension plans and gamblers. The first few weeks of May have witnessed a long-unseen affinity for the U.S. dollar, which has gained 2-5% versus most currencies. This may signal the beginning of a flight to safety.

· LEADING STOCKS LOOKING UGLY. From economic bellwethers such as Bank of America (BAC) and KB Homes (KBH) to highly profitable market-changers like Apple (AAPL) and OpenTable (OPEN), downward moves have been drastic. Companies like these are growth-drivers of the economy.

· DEFENSIVE STOCKS OUTPERFORMING. The best performers lately include utility companies American Water Works (AWK) and Consolidated Edison (ED), consumer staples companies Procter & Gamble (PG) and General Electric (GE), and pharmaceutical conglomerate Pfizer (PFE). Outperformance by stocks that operate low-risk, low-growth businesses indicates defensiveness by investors or an apparent lack of value elsewhere in the market.

· GLOBAL GROWTH STIFLED. In 2009 and 2010, bullish arguments were largely focused on a "good enough" United States and an emerging market boom. With Middle Eastern sociopolitical turmoil taking center stage in that region, Japan in shambles, Europe using Scotch tape to fix budgets, and inflation crippling economies worldwide, from where is growth to come?

· NO BOTTOM IN SIGHT FOR U.S. HOUSING. It is one of the largest asset markets, and one that affects everyone, in the world's largest economy. Still, even buyer incentives and suppressed interest rates haven't stopped prices from sliding. A growing population and falling housing prices are basic and clear signs of economic recession.

Investors looking to hedge portfolios or even flip net-short have endless choices thanks to inverse and leveraged ETFs, as well as the opportunity to short individual stocks directly or via options. Betting on increased volatility via VXX will also yield profits if markets sell off. Leveraged ETFs inherently lose value over time and are best for day-traders looking for highly-liquid, diversified ways to capture quick moves.

Directly selling a stock or ETF short allows for less potential upside than a leveraged play, but in doing so you avoid paying a time premium. My preferred method is to short indexes via put options. During significant sell offs, stocks generally fall in unison, while diversified ETFs garner lower options premiums than more volatile individual stocks. Technology (QQQ), homebuilders (XHB), retail (XRT) and financial (XLF) sector ETFs as well as broader ones (SPY) offer appealing prices on the massive leverage that comes with options.’

Minyanville's T3 Weekly Recap: Stocks Sell Off Into Options Expiration, Judgement Day* [ Riiiiight! ‘Judgement Day’ – Certainly been so for the ‘Terminator’ or former ‘Governator’ … Wow! Or should we say, Bow Wow! I mean, what a dog … You just can’t take former male model schwarzenegger any place … what a failed, gutless wonder and fraud (that commutation) he turned out to be! … Speaking of judgement days, raptures, previously I wrote: ‘End of Days’ message rolls into D.C. (Washington Post) The potentially rotten news that the world will end on May 21 arrived plastered on a caravan of RVs. [ Gee … little premature … you know, that 2012, end of Mayan calendar, Nostradamus thing … I previously weighed in / wrote: Why do Americans still dislike atheists? (Washington Post) [ And not just americans … Why? First and foremost because there is a God. Second, it is intellectually dishonest to be an atheist. Specifically, there is absolutely no evidence to dispute the existence of God. While one might similarly argue that there is no evidence to suggest there is a God (which I would dispute), which for most is a fair statement, the same would yield at best, if intellectually honest, the position of ‘agnostic’. I can totally understand and even empathize with the view of the agnostic. After all, at this point, there seems to be ‘no rhyme nor reason’ at all. But, think binary, positives / negatives. Just too many negatives. Think ‘capital punishment’. No, the world’s not going to end in 2012 as some fear. Rather, think slow burn; decades at best; then ‘poof’. In the scheme of things, this world’s just not that important (apes, notochordates, and initially single celled organisms). Kind of akin to what I previously wrote: (God doesn’t care that you wrestle a girl who wants to wrestle!) Boy wrestler forfeits match to female opponent... [ What a homo! Wow! I feel sorry for those guys she actually beat (20 of them – her record was 20 and 13) … they’ll probably never get over it … nor should they … I have to rethink my regard for Iowa, Iowa state wrestling now presuming such stalwart championship teams to be the products of out-of-state imports … as for the guy who forfeited, he could have easily and gently taken her down (you can easily do that with a lesser opponent), got her in a double grapevine and grind her in a certain way into the mat, and when she was in the throws of convulsive orgasm, she’d unwittingly arch her back, thereby pressing her own shoulder blades to the mat, thereby pinning herself, thus enabling the homo to say in a manner of speaking that he was making heterosexual love not war with her ……… how pathetic and preposterous this was … and, let me remind the homo that God doesn’t care that you wrestle a girl who wants to wrestle! ]

This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … El-Erian: “Financial Repression” In the Form of a Negative Real Rate of Return for Savers Is Coming to America Pimco co-chair El-Erian is saying that the major flaws in the financial system will not be addressed, the government will keep on printing money, and that the inflation-adjusted return on investments for most Americans will be negative. Stock Market: 4 Current Warning Signs Navin ‘…

1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart.

2) Professor Shiller at Yale figures that the present price-to-earnings ratio for the Standard & Poor’s 500 is in the area of 26.  The historical average is about 16.  

3) The failure of the financial sector to keep up is a significant negative divergence for the entire market.  

4) Key market leaders are rolling over in price... ‘

Market's Risk/Reward Ratio Remains Poor McCurdy ‘The S&P 500 index has been in a secular bear market since 2000 and our Secular Trend Score (STS) indicates that we remain in the middle stage of its development (click to enlarge images):

http://static.seekingalpha.com/uploads/2011/5/14/668911-130540693393499-Erik-McCurdy_origin.png

This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away! …

America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog | It’s now mainstream news that none of the big financial criminals have been prosecuted. This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic performance of the past ten years, equity valuations are the 2nd largest bubble in U.S. history... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued according to this valuation metric. The only time the markets have been more overvalued was a few brief months in 1929 and the tech bubble

... growth in earnings have been artificially manufactured...

· The change in accounting rules for the financial sector by FASB has generated massive “false” account profits beginning in 2009…’

Treasury to tap pensions to fund government (WP) 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline’ ] States face shortfall for retirees (WP) (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed. Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come!

Hedge Funds: Paulson, other big hedge funds, down in May

In reminder of '90s, LinkedIn has big first day (AP) - There was an unmistakable echo of the dot-com boom Thursday on Wall Street. Rod Serling Now Linked-In : Dave's Daily ‘It definitely remains a really strange market. Fed Governor Fisher summed things up nicely Thursday stating: "We've gone from too little liquidity to too much." He's definitely off the main Fed talking points but a little honesty explains the "more money than brains" market. The LinkedIn(LNKD_) IPO typifies this Thursday. You may not be aware of it but word on the street is only ten institutions were privileged to obtain freshly issued shares. I wonder who was favored with this gift; care to guess? You couldn't get a collection of bad economic news much worse than what appeared today. While Jobless Claims were marginally lower given previous adjustments, the moving average of claims reached six-month highs; Home Sales were down...again; the Philly Fed reading came in at 3.9 vs 18 expected; and Leading Indicators were lower 0.3 vs flat expectations. These were dreadful but bulls brushed them off hoping for more POMO and extended ZIRP.     Perhaps the stupid people are the ones not playing ball, given rising markets on this lousy economic news. LinkedIn should remind everyone of dotcom experiences but it's really about too much liquidity. Commodity prices were generally lower with economic data while the dollar was weaker and so too were base and precious metals. Bonds were flat overall…’

OPINION: Words can only do so much (Washington Post) [ Especially when they’re belied by misguided actions … . Pakistani troops, NATO helicopters engage in firefight 6th soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan Jones | Hamid Gul, former ISI chief, talks about NATO firing on Pakistani troops and the prospect of WWIII. Ludicrous Bin Laden “Porno” Claim Harks Back To CIA Fakery Watson | Spooks admitted creating hoax videotapes of Osama talking about having sex with boys. [ Yeah! This is becoming preposterous and it’s quite amazing that anyone’s believing anything they say. Next thing you know, they’ll be saying beyond the porn stash, Bin Laden was a closet Christian. Osama bin Laden: A dead nemesis perpetuated by the US government ... May 1, 2011 ... U.S. intelligence is that bin Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST… FLASHBACK: Editorial: US in quagmire War in Afghanistan and Iraq costs America $1trillion Editorial: Bin Laden raid no vindication of torture (WP) [I can only wonder what the presence of substantially underrated President General Eisenhower would have meant, and truly believe this entire debacle and the nation’s decline would have been avoided. “All In All It Appears That Eisenhower’s Worst Fears Have Been Realized And His Remarkable And Unique Warnings Given For Naught” Financialization and Our Increasingly Unstable Economy Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

Japan slips back into recession Japan's economy shrank last quarter by almost double the margin economists had expected, as the March disaster pushed the country back into recession. (LA Times) [I’ve always thought, and from the beginning (see infra and website) that this disaster was of greater consequence than reported; after all, as to america, who else besides china was foolish enough and had cash reserves sufficient to buy pervasively corrupt, defact bankrupt america’s ever more worthless paper Chernobyl, 25 years later (Washington Post) Following the nuclear disaster in Japan, the Chernobyl accident has a particular importance. Japan declares evacuation zone near nuclear plant (Washington Post)[ Wow! Sounds like a plan!… From the beginning, as I’ve written on my website, I’ve thought the catastrophic nature and impact of this disaster to have been underreported at the least … the Japanese uncharacteristically have adopted somewhat of a ‘if wishing could make it so’ tact in this sad crisis. Chernobyl, 25 years later (Washington Post) Following the nuclear disaster in Japan, the Chernobyl accident has a particular importance. Japan declares evacuation zone near nuclear plant (Washington Post) [ Wow! Sounds like a plan! … From the beginning, as I’ve written on my website, I’ve thought the catastrophic nature and impact of this disaster to have been underreported at the least … the Japanese uncharacteristically have adopted somewhat of a ‘if wishing could make it so’ tact in this sad crisis.

Existing-home sales drop in April Sales fall short of many analysts’ expectations for this key month of the spring selling season. (WP) [ Come on! Stocks rally on worse than expected bad news to keep the suckers suckered! This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away! LinkedIn IPO shatters expectations (WP) [ Kind of like the pre-bust dot.com days/preposterous (all bad news today) that Dave preceded his commentary with a twighlight zone picture In reminder of '90s, LinkedIn has big first day (AP) an unmistakable echo of the dot-com boom Thursday on Wall Street. Rod Serling Now Linked-In : Dave's Daily ‘It definitely remains a really strange market. Fed Governor Fisher summed things up nicely Thursday stating: "We've gone from too little liquidity to too much." He's definitely off the main Fed talking points but a little honesty explains the "more money than brains" market. The LinkedIn(LNKD_) IPO typifies this Thursday. You may not be aware of it but word on the street is only ten institutions were privileged to obtain freshly issued shares. I wonder who was favored with this gift; care to guess? You couldn't get a collection of bad economic news much worse than what appeared today… While Jobless Claims were marginally lower given previous adjustments, the moving average of claims reached six-month highs; Home Sales were down...again; the Philly Fed reading came in at 3.9 vs 18 expected; and Leading Indicators were lower 0.3 vs flat expectations. These were dreadful but bulls brushed them off hoping for more POMO and extended ZIRP.     Perhaps the stupid people are the ones not playing ball, given rising markets on this lousy economic news. LinkedIn should remind everyone of dotcom experiences but it's really about too much liquidity. Commodity prices were generally lower with economic data while the dollar was weaker and so too were base and precious metals. Bonds were flat overall…’

Strauss-Kahn indicted in sexual assault Former IMF chief will be freed on bail but confined to a New York apartment as he awaits trial on a seven-count indictment in an alleged attack on a hotel maid. (Washington Post) [ Sinkhole new york will do anything to take the heat / attention off their fraudulent denisons … Strauss-Kahn resigns as head of the IMF (Washington Post) [ So what! Who cares! There is not one head of even one institution in the world today that deserves to keep their job; from bernanke at the fed, to the nobel committee that awarded wobama the peace prize, to geithner at treasury, to looney moony at the u.n., etc.. For jobs poorly done, they should step down and make way for the generation that’s been so negatively impacted by their venality, incompetence, corruption, etc… Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud ). Stock Market: 4 Current Warning Signs Navin ‘…

1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart.

Why Are Investors Fearful? Here are 19 Answers Khaner 5-17-11’

QE II:

U.S. ECONOMY: (bad)

UNEMPLOYMENT: ..(problematic)

U.S. DEBT CEILING:

INVESTOR SENTIMENT:

HOUSING CRISIS:

INFLATION:

SAUDI ARABIA:

STOCK MARKET TECHNICALS:

FLOODS

OIL PRICES:

ARAB SPRING:

LIBYA: ..

JAPAN:

CHINA: ..

RING OF FIRE + SPAIN:

CURRENCIES:

SOVEREIGN DEBT:

COMMODITIES:


.. http://www.minyanville.com/investing/lloyds-wall-of-worry/5/17/2011 ‘ ]

Obama adopts the Bush Doctrine The May 19 Middle East speech, annotated. (Washington Post) [ Yeah! Two nut cases; two failed presidents. The latest case of U.S. paranoia (Los Angeles Times) [ Yeah! This really needs to be said; particularly when you take into account the reality, that while plentiful, american laws are all but meaningless, arbitrarily enforced at best, and ‘federales’ and their supporters (more commonly called bribes, one way or form or another) invariably the worst offenders. Though having but 5% of the world’s population, u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:

Focus Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs, extinction, at least in a manner of speaking. Global information exchange at lightning speed has made such throwbacks to a lost era, propaganda, and maladaptive traits foolish at best, deadly at worst. Intelligent people worldwide aren’t buying the obsolete, Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc..; more specifically, diversion of the masses from the glaring failures of leadership, economic and otherwise.

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Agents irked by plan to keep Mueller (Washington Post) [ ‘abide by .. tenure limits’ ? I’m more concerned with, and it’s fundamentally more important from the perspective of the FBI’s ‘mission and purpose’, that meaningful law be abided by regarding the following:
October 15, 2010 (*see infra)

Steven M. Martinez, Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700

Los Angeles, CA 90024

Dear Sir:

I enclose herewith 3 copies of the within DVD rom autorun disk (which will open in your computer’s browser) as per your office’s request as made this day (the disk and contents have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer to prevent viral attacks / infection and are without threat). I also include 1 copy of the DVD as filed with the subject court as referenced therein (which files are also included on the aforesaid 3 disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act is a criminal statute which provides a civil remedy, including treble damages and attorney fees, as an incentive for private prosecution of said claims probably owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such assistance given the seriousness and prevalence of said violations of law which have a corrupting influence on the process, and which corruption is pervasive). A grievance complaint against Coan was also filed concurrently with the subject action and held in abeyance pending resolution of the action which was illegally dismissed without any supporting law and in contravention of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District Connecticut. The files below the horizontal rule are the referenced documents as filed. (Owing to the damage to the financial interests of both the U.S. and the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False Claims Act probably would apply and I would absent resolution seek to refer the within to a firm with expertise in that area of the law with which I am not familiar).

The document in 5 pages under penalty of perjury I was asked to forward to the FBI office in New Haven is probably the best and most concise summary of the case RICO Summary to FBI Under Penalty of Perjury at Their Request (5 pages) [ ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].

The correspondence I received from the Congresswoman by way of email attachment (apparent but typical problem with my mail) along with my response thereto is included on the 3 disks as fbicorrespondencereyes.htm . With regard to the calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA office and I was referred to the Long Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the money laundering which he confirmed as indicative of same (he was transferred from said office within approximately a month of said meeting and his location was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron Barndollar and we remained in touch for in excess of a decade until he abruptly retired (our last conversation prior to his retirement related to the case and parenthetically, Rudy Giuliani whose father I stated had been an enforcer for the mob to which he registered disbelief and requested I prove it, which I did – he served 12 years in prison, aggravated assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew Maloney’s the one that prosecuted gotti).

In contradistinction to the statement in said correspondence, there is a plethora of information including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set forth in the case, inter alia,

· A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..

· Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.

· The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages: [ Shiff Order of Dismissal With Prejudice on Coan’s Failure to File Page 1 Page 2 ]

· Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ]

· Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.

· Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one mob case he had brought, bungled, lost (accidently on purpose?) since I was suing some mob-connected under RICO and the court (I had known / previously met outside of court the judge Ackerman through a client) was absolute bedlam and a total joke since incompetent corrupt Alito brought in all 20 mob defendants (rather than prosecute one or a few to flip them first) who feigning illness had beds/cots in the courtroom along with their moans during testimony and had the jury in stitches. As much as I hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3^rd 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. 5^th Street, #404

Los Angeles, CA 90013

(213) 219-**** (cell phone)

(213) 622-3745 (listed land line but there are unresolved problems with the line, computer connection may be the reason but I hesitate to chance greater non-performance / worsening by their ‘fix’ so cell phone best for contact).

ECONOMIC CRISIS ARCHIVE

Drudgereport: USA HITS DEBT CEILING...
TREASURY RAIDS PENSIONS...
OBAMA SIDES WITH THE PALESTINIANS...
Netanyahu fumes at call to return to '67 borders...
Abbas calls emergency Palestinian Authority meeting...
Israeli Knesset member: Obama is the new Arafat...
OBAMA: 'Limited' US Role in Libyan War Means No Need For Congressional Authorization...
I DON'T NEED YOUR PERMISSION (FOR WAR, says nobel peace laureate)
CHICAGOLAND: GODFATHER WANTS CASINO...
Cornel West: Obama 'a black mascot' and 'black puppet'...
Peter Fonda calls Obama 'traitor' at Cannes...
Obama, Sarkozy dissed in films...
Doomsday Food Price Scenario Turning Hedge Fund Managers into Survivalists...
In China, some new cities are ghost towns...
RON PAUL: SELL THE GOLD IN FORT KNOX... [ I personally believe that some has already been ‘sold’, as in stole, with gold plate the replacement; after all, with the wall street frauds, 360 tons of $100 bills flown into Iraq and ‘disappeared’, etc., why would same seem unlikely. ]
NEXT UP FOR BAILOUT: POST OFFICE...
4 MONTHS UNTIL DEFAULT... US Postal Service reports $2.2B loss for quarter... [ And, let me add that they deserved that loss. The USPS is totally unreliable and basically a jobs program for the otherwise unemployable; and, they are also corrupt. I’ve previously set forth the scenario where the postal service waylaid dvd disks sent priority/confirmation and a second time, certified mail, to the FBI (violations of federal law, tampering, obstruction, etc.), and ultimately additional copies of said disks were delivered by the reliable, efficient, competitive, performance-driven UPS (their parcel rates are roughly the same and yet half the delivery time – Fedex is as unreliable as the USPS-and for some time had a deal with the USPS)…infra ]
Medvedev warns West of new Cold War...
Russia Expels Israel's Military Attache...
U.S.-Israeli group tells members not to boo president...
WHITE HOUSE SHUTS OUT NEWSPAPER OVER 'BIAS'...
Veteran reporters mock WH press for kowtowing to 'monarch'...
GOV'T MOTORS CHEERS CHINESE COMMUNIST MOVIE...
US helicopter exchanges fire with Pakistan troops on Afghan border...
...increasing tensions
Pakistan, China Grow Closer...
New, federally-mandated light bulbs will cost $50 -- each...
GE lobbied for them...
REPORT: Secret Service interrogates 7th grader without parents' knowledge...
China cuts holdings of Treasurys for 5th month...
U.S. borrows $58,000 a second...
BUCHANAN: 'Bad day for New World Order'...
NO BAIL FOR WORLD'S BANKER
DOWN AND OUT IN MANHATTAN...
...sex charges likely to isolate IMF in debt crisis talks
'BLOOD ON THE BED'...
Authorities investigating 'at least one other' case...
CHANGE: Obama Assets Total as Much as $12 Million...
GALLUP: OBAMA DROPS ANOTHER 2 POINTS, DOWN TO 46%...
...Post-Bin Laden Bump Has Vanished
Hamas PM: Pray for an end to Israel...
Protesters try to breach Israeli border on 3 fronts...
Israel opens fire across border with Lebanon...
Egypt police fire tear gas at Nakba rally...
Demonstrators pour into Israel from Syria...
'Iran fingerprints'...
'Terror truck' attack...
GALLUP: Obama slips back to 48/45...
Administration approves 200 more new Obamacare waivers...
IMF HEAD IN RAPE RAP...
New Details...
May Step Aside?
French presidential race hopes in jeopardy...
'THUNDERBOLT'...
Ron Paul: 'These are the kind of people running the IMF'...
9 civilians killed in U.S. drone strike in Pakistan...
ALARM OVER APPROACHING INSOLVENCY OF SOCIAL SECURITY, MEDICARE...
Social Security to run 'permanent' deficits...
Texas official accuses ATF of starting wildfire...
'That bunch has a real corner on stupid'...
British woman decapitated in grocery store; killer flees with head...
Cannes: Diana doc slams UK royals as 'gangsters'...
Senate Bill Gives Feds Power to Order Blacklisting of Websites...
Treasury Auctions to Push US Over Debt Ceiling...
McCARTHY: 'Not one Republican vote' to borrow more without cuts...
REPORT: 48 Women Raped Every Hour in Congo...
'DOLLAR IN GRAVER DANGER THAN EURO'...
FORBES: RETURN TO GOLD STANDARD WITHIN 5 YEARS...
In S.C., legislature takes first step...
POLL: 1 in 5 say bin Laden alive...
MICHELLE: KEEPS ON DANCING!
First Lady to host rapper who talks of killing cops...
USA FREAK OUT: TERROR FEARS; FALSE ALARMS...
Sen. Schumer Calls For Amtrak 'Do Not Ride' List...
Two tunnel 'breaches' cause scare in NYC...
Threats Divert Planes in Three Separate Incidents...
Passengers, flight crew subdue man banging on cockpit door...
Dallas Train Station Evacuated: Man Asked For Help Carrying Packages...
4 Arrested For Videotaping TSA Line At Denver...
SHOCK PHOTO: TSA LOOKING FOR 'POOP BOMBS?'
U.S.-Pak. Rift Widens...
Pak. warns of 'full force' response to future US raids...
S&P cuts Greece's rating...
BOEHNER TO DEMAND NOT BILLIONS, BUT TRILLIONS IN CUTS...
OIL REBOUNDS; 2ND LARGEST GAIN ON RECORD...
REPORT: Housing crash getting worse...
...values fall fastest rate since '08
Michelle Obama to host rapper at WH who talks of killing cops...
'COMMAND CENTER'...
Pakistan skeptical of U.S. claim bin Laden directed network...
Two loud explosions heard in town where bin Laden killed...
Videos show 9-11 mastermind watching himself on TV...
U.S. government censors tapes, cuts audio...
Inside bin Laden's squalid home...
NYT: Final days of domesticity...
Drone Strike Kills 15 in Pakistan...
First since bin Laden raid...
BIN LADEN SUPPORTERS RAGE ON THE STREETS OF LONDON, VOW REVENGE...
Stage mock funeral in front of US embassy...
Gas nat'l average: $3.99...
Eats 9% of household budgets...
Average price sets record in Indiana -- $4.25 a gallon...
$6.03 in Hawaii...
JAPAN URGES HALT AT THREE REACTORS...
UNEMPLOYMENT BACK UP TO 9.0%...
Fannie Mae Reports $8.7B Loss for First Quarter...
Seeks $8.5B more from taxpayers...
APRIL JOBS: +244,000...
FUZZY MATH: How can US add jobs but the unemployment rate go up?
Gas nat'l average: $3.99...
Eats 9% of household budgets...
Average price sets record in Indiana -- $4.25 a gallon...
$6.03 in Hawaii...
PAPER: GREECE EU EXIT?
Silver Plunge Spreads...
OIL GUTTED...
Price Slide Temporary, New Highs Likely: Goldman...
Fears linger of a new 'flash crash'...
Euro Tumbles... CNN SHOCK POLL: RON PAUL HAS BEST CHANCE VS OBAMA
National Home Prices Double Dip...
JOBLESS CLAIMS RISE TO 8 MONTH HIGH...
Fears linger of a new 'flash crash'...
9-11 FAMILY: 'SHOW US PROOF BIN LADEN KILLED'...
Victim's father: Obama 'putting too much spotlight on himself'...
Channels Bush at Ground Zero: 'We will never forget'...
Tells teen survivor he knows Justin Bieber...
Turns Back on 9/11 Family Member...
AUDIO...
Muslim Brotherhood urges review of Israel ties...
Pakistanis burn U.S. flags; backlash over death grows...
Pakistan officials: No resistance in 'cold-blooded' U.S. raid...
Warns America not to stage any more...
Threatens 'disastrous consequences'...
Muslims already name dump location 'Martyr's Sea'...
OBAMA, NO PHOTOS OF OSAMA: 'We don't need to spike the football'...
'Conspiracy theorists will just claim doctored'...
Sen. Scott Brown: 'I've seen picture, he's definitely dead'...
UPDATE: Photo proving bin Laden's death to Sen. Brown was faked...
three senators fell for fakes...
UPDATE: 'The photo I saw and that a lot of other people saw is not authentic'...
Top Dem: No photo needed, 'there's absolute proof'...
REUTERS RELEASES 'DEATH SCENE' PHOTOS
**WARNING GRAPHIC**
UPDATE: Photo proving bin Laden's death to Sen. Brown was faked...
Possibly three senators fell for fakes...
Pakistan: 'Not a single bullet fired from compound'...
WIRE: Photos from 1 hour after raid show 3 dead, no weapons...
The Slippery Story of the bin Laden Kill...
Official says 'killed apparently by the U.S. raid team'...
DOLLAR HITS 3 YEAR LOW...
1 IN 7 ON FOOD STAMPS!
Job numbers disappoint...
Treasury suggests $2 trillion debt cap raise...
REUTERS, AP journalists describe staging of Obama photo taken after TV announcement of bin Laden's death...
Wrap up those loose ends: 'Rapture' movement predicts end of world on Saturday...
Preacher made same prediction in 1994...
Doomsday church thriving, worth $72 million... : ‘End of Days’ message rolls into D.C. (Washington Post) The potentially rotten news that the world will end on May 21 arrived plastered on a caravan of RVs. [ Gee … little premature … you know, that 2012, end of Mayan calendar, Nostradamus thing … I previously weighed in / wrote: Why do Americans still dislike atheists? (Washington Post) [ And not just americans … Why? First and foremost because there is a God. Second, it is intellectually dishonest to be an atheist. Specifically, there is absolutely no evidence to dispute the existence of God. While one might similarly argue that there is no evidence to suggest there is a God (which I would dispute), which for most is a fair statement, the same would yield at best, if intellectually honest, the position of ‘agnostic’. I can totally understand and even empathize with the view of the agnostic. After all, at this point, there seems to be ‘no rhyme nor reason’ at all. But, think binary, positives / negatives. Just too many negatives. Think ‘capital punishment’. No, the world’s not going to end in 2012 as some fear. Rather, think slow burn; decades at best; then ‘poof’. In the scheme of things, this world’s just not that important (apes, notochordates, and initially single celled organisms). Kind of akin to what I previously wrote: (God doesn’t care that you wrestle a girl who wants to wrestle!) Boy wrestler forfeits match to female opponent... [ What a homo! Wow! I feel sorry for those guys she actually beat (20 of them – her record was 20 and 13) … they’ll probably never get over it … nor should they … I have to rethink my regard for Iowa, Iowa state wrestling now presuming such stalwart championship teams to be the products of out-of-state imports … as for the guy who forfeited, he could have easily and gently taken her down (you can easily do that with a lesser opponent), got her in a double grapevine and grind her in a certain way into the mat, and when she was in the throws of convulsive orgasm, she’d unwittingly arch her back, thereby pressing her own shoulder blades to the mat, thereby pinning herself, thus enabling the homo to say in a manner of speaking that he was making heterosexual love not war with her ……… how pathetic and preposterous this was … and, let me remind the homo that God doesn’t care that you wrestle a girl who wants to wrestle! ]

US Postal Service reports $2.2B loss for quarter... [ And, let me add that they deserved that loss. The USPS is totally unreliable and basically a jobs program for the otherwise unemployable; and, they are also corrupt. I’ve previously set forth the scenario where the postal service waylaid dvd disks sent priority/confirmation and a second time, certified mail, to the FBI (violations of federal law, tampering, obstruction, etc.), and ultimately additional copies of said disks were delivered by the reliable, efficient, competitive, performance-driven UPS (their parcel rates are roughly the same and yet half the delivery time – Fedex is as unreliable as the USPS-and for some time had a deal with the USPS). Amazon, Ebay, though a boon to the USPS, have consistently failed to deliver in the realm of computers / peripherals. The following includes a prior testimonial to the service, reliability of PRO Computer Center ( http://www.procomputercenter.com Pro Computer Center, 10837 Santa Monica Blvd., Los Angeles, CA 90025 ) . Pro Computer Center is among the few remaining stores of their kind. They are performance / service / customer oriented like no other surviving computer retailer / repairer / service providers I’ve experienced. They’ve also moved into the realm of computer forensics / data recovery in the context of court proceedings where they’ve successfully performed where others failed and at substantially more reasonable rates than ‘the competition’. My most recent computer problems accounting for some website / posting delays has been once again been resolved by them and another Dell computer (the circumstances of the most recent debacle was a barrage of Trojans caught by my antivirus, one after another, then shutting down my antivirus, ultimately freezing (no boot) my computer (I previously alluded to my reasonable suspicions as to who perpetrated same). My experiences with such as Amazon, Ebay have been atrocious and borderline if not outright fraudulent (the shoddy sellers), time consuming, and aggravating in the ‘claims process’. Moreover, the other brick and mortar stores, even if reputable, have a fine print which lays most of the warrantee/ guarantee on the manufacturer. In sum, Pro Computer Center does not have any ‘real’ competition. They are currently building me a backup computer that comports with my budget and their survival as a company, though somewhat rare among computer retailers of their type, is totally understandable and a testament to high quality performance and service. (Prior testimonial:
Pro Computer Center
10837 Santa Monica Blvd.
Los Angeles, CA 90025

Gentlemen:

I just wanted to extend to you and your company my sincere thanks for a job well done. The Dell computer I recently purchased from you has lived up to all your representations and as well, my own expectations. I bought my first computer from you (Ben) in or around 1999. It was a Sony Vaio laptop which owing to Windows Millenium and a very proprietary approach to computing on the part of Sony, truth be told, was not the greatest system in terms of stability (typical Millenium problems), but no fault of yours. Ultimately, though functional, I traded the Vaio for a Mac, an accommodation by your company seldom seen with other companies if at all (3+ years later). You’ve always stood by your products / service, are available / accessible to field / handle all questions / problems which is rare indeed. In Armand you have a top-notch A+ Certified Tech who is patient, knowledgeable, and talented. Ruben, in truth has been particularly instrumental in seeing to a smooth transition in my recent dealings with your company as a knowledgeable IT Specialist and especially as a savvy, capable manager. Since 1999 I’ve purchased five computers from you and based upon performance, the sixth is assured.

Sincerely,

Albert L. Peia ) ]

Come on! Stocks rally on worse than expected bad news to keep the suckers suckered! This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away! … El-Erian: “Financial Repression” In the Form of a Negative Real Rate of Return for Savers Is Coming to America Pimco co-chair El-Erian is saying that the major flaws in the financial system will not be addressed, the government will keep on printing money, and that the inflation-adjusted return on investments for most Americans will be negative. Stock Market: 4 Current Warning Signs Navin ‘…

1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart.

2) Professor Shiller at Yale figures that the present price-to-earnings ratio for the Standard & Poor’s 500 is in the area of 26.  The historical average is about 16.  

3) The failure of the financial sector to keep up is a significant negative divergence for the entire market.  

4) Key market leaders are rolling over in price... ‘

Market's Risk/Reward Ratio Remains Poor McCurdy ‘The S&P 500 index has been in a secular bear market since 2000 and our Secular Trend Score (STS) indicates that we remain in the middle stage of its development (click to enlarge images):

http://static.seekingalpha.com/uploads/2011/5/14/668911-130540693393499-Erik-McCurdy_origin.png

This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away! …

America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog | It’s now mainstream news that none of the big financial criminals have been prosecuted. This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic performance of the past ten years, equity valuations are the 2nd largest bubble in U.S. history... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued according to this valuation metric. The only time the markets have been more overvalued was a few brief months in 1929 and the tech bubble

... growth in earnings have been artificially manufactured...

· The change in accounting rules for the financial sector by FASB has generated massive “false” account profits beginning in 2009…’

Treasury to tap pensions to fund government (WP) 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline’ ] States face shortfall for retirees (WP) (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed. Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come!

In reminder of '90s, LinkedIn has big first day (AP) - There was an unmistakable echo of the dot-com boom Thursday on Wall Street.

Rod Serling Now Linked-In : Dave's Daily ‘It definitely remains a really strange market. Fed Governor Fisher summed things up nicely Thursday stating: "We've gone from too little liquidity to too much." He's definitely off the main Fed talking points but a little honesty explains the "more money than brains" market. The LinkedIn(LNKD_) IPO typifies this Thursday. You may not be aware of it but word on the street is only ten institutions were privileged to obtain freshly issued shares. I wonder who was favored with this gift; care to guess? You couldn't get a collection of bad economic news much worse than what appeared today. While Jobless Claims were marginally lower given previous adjustments, the moving average of claims reached six-month highs; Home Sales were down...again; the Philly Fed reading came in at 3.9 vs 18 expected; and Leading Indicators were lower 0.3 vs flat expectations. These were dreadful but bulls brushed them off hoping for more POMO and extended ZIRP.     Perhaps the stupid people are the ones not playing ball, given rising markets on this lousy economic news. LinkedIn should remind everyone of dotcom experiences but it's really about too much liquidity. Commodity prices were generally lower with economic data while the dollar was weaker and so too were base and precious metals. Bonds were flat overall…’

Geithner: There Will Be Another Storm Roche ‘(Tiny) Tim Geithner was recently interviewed by Andrew Ross Sorkin for the upcoming film “Too Big To Fail”. His comments on the future were pretty encouraging (via the Daily Beast):

“It will come again. There will be another storm,” warned Geithner, who in early 2009 succeeded Paulson as treasury secretary. “But it’s not going to come for a while.”

Under mostly gentle questioning from Pulitzer Prize-winning financial writer Liaquat Ahamed and New York Times business columnist Andrew Ross Sorkin, author of the book on which the film is based, Geithner said “I’m certain we will” experience another catastrophe—he just couldn’t say when or what kind.

“You will not know,” he answered when Sorkin tried to pin him down. “It’s not going to be possible for people to capture risk with perfect foresight and knowledge.”

And of course he’s right. Mr. Geithner, the fox in the hen house at the NY Fed while the too big to fail banks were becoming the behemoths that they are, was instrumental in ensuring that too big to fail became too bigger to fail. He has been one of the primary players in the build-up of the Wall Street financialization scheme. And worst of all, he knows that it has the ability to cause another crippling storm.

The infuriating thing is that there are rules and regulations that we could implement that would thwart or lessen the damage from any future storms. But no, we choose instead to allow these companies to seek profit maximization without requiring proper risk management. And in doing so, it increases the instability of the entire system. The fact that our leaders understand this is beyond maddening. And it would be funny if it wasn’t the cause of so much hardship.’

Jailed IMF chief resigns but maintains his innocence Strauss-Kahn, who is facing sexual assault charges in N.Y., says he is stepping down with "infinite sadness" and that he wants to devote "all my energy to proving my innocence." (Los Angeles Times) I.M.F. Chief Quits After His Arrest In Sexual Attack (New York Times) [ Strauss-Kahn resigns as head of the IMF (Washington Post) [ So what! Who cares! There is not one head of even one institution in the world today that deserves to keep their job; from bernanke at the fed, to the nobel committee that awarded wobama the peace prize, to geithner at treasury, to looney moony at the u.n., etc.. For jobs poorly done, they should step down and make way for the generation that’s been so negatively impacted by their venality, incompetence, corruption, etc… Why Are Investors Fearful? Here are 19 Answers Khaner 5-17-11’

QE II: .. Place yer bets, place yer bets! Tick, tick, tick…

U.S. ECONOMY: Inventory built, inventory sold, inventory built, inventory sold. ..

UNEMPLOYMENT: ..(problematic)

U.S. DEBT CEILING: “Going up, she said, uh, huh…”

INVESTOR SENTIMENT: Mom & Pop investors still getting’ their ya-yas out by pouring their savings into the equity markets. .. Main Street flash crash.

HOUSING CRISIS: Markets worldwide still looking pricey..

INFLATION: Said to be “uncomfortably high” in London. Given the Brits penchant for understatement..

SAUDI ARABIA: No one can convince me that they aren’t quietly calling all the shots in the Middle East..

STOCK MARKET TECHNICALS: The technical signals aren’t flashing anything definitive and the current low volume..

FLOODS: “High water rising, the shacks are sliding down, folks lose their possessions -- folks are leaving town…”  It's hold-your-breath time as the Mississippi is flooding and the Louisiana gulf oil refineries may be threatened.

OIL PRICES: We get to $3.50 per gallon by July 1 and all is well. We get to $3 per gallon by July 1 and all is well and riding in a new stretch SUV Land Yacht! “It’s a party in the USA!"

ARAB SPRING: “Spring has sprung, the grass has risen’, I wonder where the birdies is?” Answer: Any place but the Middle East!

LIBYA: ..

JAPAN: Lost 3.2 million jobs in March alone. Insert audible “Gasp” here.

CHINA: .. China starts punishing companies for publicly announcing that they're about to raise prices on their products. “You woke up this morning, the world turned upside down...”

RING OF FIRE + SPAIN: Talk about getting kicked when you’re down. And since when does Europe get into the earthquake act?

CURRENCIES: The American Buck wakes from its deep slumber and bucks hyper-levered commodity traders right in the assets. 

SOVEREIGN DEBT: .. all of Europe will get a hangover from this seemingly never ending bacchanal.

COMMODITIES: ..oil, gold and silver staging freakishly odd crashes every other day ..


.. http://www.minyanville.com/investing/lloyds-wall-of-worry/5/17/2011 ‘ ]

Gang of Six, minus one, presses on The five remaining senators say they are “encouraged” as Gang of Six deficit talks resume. (Washington Post) [Whew! Close one! Nothing to worry about now with the ‘gang of five’ back on track … Riiiiight! … New math for debt compromise With the “Gang of Six” down a member, Sen. Chambliss will need to be the one selling any deal. (Washington Post) [ How ‘bout no math, which certainly would be consistent. After all, in Washington, when has math ever mattered ... Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ . … Osama bin Laden: A dead nemesis perpetuated by the US government ... 5-1-11 / U.S. intelligence is that bin Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php

ON MAY 1, 2011, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST.

Bin Laden's voice was detected regularly until [12-14-01] by intelligence operatives monitoring radio transmissions in Tora Bora, according to the Pentagon [details]. Since then, nothing has been heard from the al-Qa'eda leader ..[Telegraph, 12/28/2001]

Osama bin Laden: A dead nemesis perpetuated by the US government

Osama bin Laden is dead. The news first came from sources in Afghanistan and Pakistan almost 6 mos ago: the fugitive died in December [2001] and was buried in the mountains of southeast Afghanistan. Pakistan's president, Pervez Musharraf, echoed the information. ..

..Osama bin Laden would not have.. remained silent for so long if he were still alive. He always liked to take credit even for things he had nothing to do with …[NYT 7-11-02]

FOX News Report: Bin Laden Already Dead

Fed won’t expand easing policy Central bank has been using “quantitative easing” to keep rates low to boost the nations’ economy. (Washington Post) [El-Erian: “Financial Repression” In the Form of a Negative Real Rate of Return for Savers Is Coming to America Pimco co-chair El-Erian is saying that the major flaws in the financial system will not be addressed, the government will keep on printing money, and that the inflation-adjusted return on investments for most Americans will be negative.Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart.

2) Professor Shiller at Yale figures that the present price-to-earnings ratio for the Standard & Poor’s 500 is in the area of 26.  The historical average is about 16.  

3) The failure of the financial sector to keep up is a significant negative divergence for the entire market.  

4) Key market leaders are rolling over in price... ‘

Market's Risk/Reward Ratio Remains Poor McCurdy ‘The S&P 500 index has been in a secular bear market since 2000 and our Secular Trend Score (STS) indicates that we remain in the middle stage of its development (click to enlarge images):

http://static.seekingalpha.com/uploads/2011/5/14/668911-130540693393499-Erik-McCurdy_origin.png

This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away! …

America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog | It’s now mainstream news that none of the big financial criminals have been prosecuted. This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar

24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline’ ] States face shortfall for retirees (WP) (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed. Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come!

Many With New College Degree Find the Job Market Humbling Employment rates for new graduates have fallen sharply, as have starting salaries for those who can find work. (New York Times) [ Yet, we all know things are humming on wall street, and military recruitment is up. This is the grim economic reality [ http://albertpeia.com/grimreality.htm America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog | It’s now mainstream news that none of the big financial criminals have been prosecuted. ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline’ ] States face shortfall for retirees (WP) (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed. Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come! El-Erian: “Financial Repression” In the Form of a Negative Real Rate of Return for Savers Is Coming to America Pimco co-chair El-Erian is saying that the major flaws in the financial system will not be addressed, the government will keep on printing money, and that the inflation-adjusted return on investments for most Americans will be negative. Stock Market: 4 Current Warning Signs Navin ‘… 1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart. 2) Professor Shiller at Yale figures that the present price-to-earnings ratio for the Standard & Poor’s 500 is in the area of 26.  The historical average is about 16.   3) The failure of the financial sector to keep up is a significant negative divergence for the entire market.  4) Key market leaders are rolling over in price... ‘ Market's Risk/Reward Ratio Remains Poor McCurdy ‘The S&P 500 index has been in a secular bear market since 2000 and our Secular Trend Score (STS) indicates that we remain in the middle stage of its development (click to enlarge images):

http://static.seekingalpha.com/uploads/2011/5/14/668911-130540693393499-Erik-McCurdy_origin.png

Financialization and Our Increasingly Unstable Economy Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud ). UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away! …

Focus Is on Obama as Tensions Soar Across Mideast american and israeli officials are struggling to balance national security interests against the need to adapt to a transformative movement in the Arab world. (New York Times) [ Adapt? I don’t think so! I do believe that both nations are regressively but nostalgically trying bring the world back to failed geopolitical paradigms that made the 20th century the bloodiest century, not coincidentally the american century (obviously for israel the latter half century). Yet, such a conditioned psychopathic approach to global matters has led them self-destructively, self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs, extinction, at least in a manner of speaking. Global information exchange at lightning speed has made such throwbacks to a lost era, propaganda, and maladaptive traits foolish at best, and deadly at worst. Intelligent people worldwide aren’t buying the obsolete, Orwellian approach fostered by the purveyors of global unrest; viz., israel, america, Orwellian england, etc..; more specifically, diversion of the masses from the glaring failures of leadership, economic and otherwise. CIA’s stealth drones watched bin Laden house Sophisticated new stealth aircraft flew dozens of secret missions deep into Pakistani airspace in an effort to capture high-resolution video that satellites could not provide, U.S. officials say. Pakistani troops, NATO helicopters engage in firefight 6th soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan Jones | Hamid Gul, former ISI chief, talks about NATO firing on Pakistani troops and the prospect of WWIII. Ludicrous Bin Laden “Porno” Claim Harks Back To CIA Fakery Watson | Spooks admitted creating hoax videotapes of Osama talking about having sex with boys. [ Yeah! This is becoming preposterous and it’s quite amazing that anyone’s believing anything they say. Next thing you know, they’ll be saying beyond the porn stash, Bin Laden was a closet Christian. Osama bin Laden: A dead nemesis perpetuated by the US government ... May 1, 2011 ... U.S. intelligence is that bin Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST… FLASHBACK: Editorial: US in quagmire War in Afghanistan and Iraq costs America $1trillion From the Old | On May 30th at 10:06 the United States reached the point where they have spent $1trillion on the wars in Afghanistan and Iraq. Editorial: Bin Laden raid no vindication of torture (Washington Post) [ While I don’t disagree with this Editorial, I do disagree with the premise; viz., that they truly sought to prevent that ultimate ‘pearl harbor event’, to ratchet up the war spending / military industrial complex welfare plan with broad based enthusiasm / support. Even war-monger mccain supports this which also finds support in international law, treaties, conventions.I can only wonder what the presence of substantially underrated President General Eisenhower would have meant, and truly believe this entire debacle and the nation’s decline would have been avoided. “All In All It Appears That Eisenhower’s Worst Fears Have Been Realized And His Remarkable And Unique Warnings Given For Naught” Financialization and Our Increasingly Unstable Economy Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

The latest case of U.S. paranoia (Los Angeles Times) [ Yeah! This really needs to be said; particularly when you take into account the reality, that while plentiful, american laws are all but meaningless, arbitrarily enforced at best, and ‘federales’ and their supporters (more commonly called bribes, one way or form or another) invariably the worst offenders. Though having but 5% of the world’s population, u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:

CRIME STATISTICS >(america is No. 1)

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Drudgereport: USA HITS DEBT CEILING...
TREASURY RAIDS PENSIONS...
OBAMA SIDES WITH THE PALESTINIANS...
Netanyahu fumes at call to return to '67 borders...
Abbas calls emergency Palestinian Authority meeting...
Israeli Knesset member: Obama is the new Arafat...
CHICAGOLAND: GODFATHER WANTS CASINO...
Cornel West: Obama 'a black mascot' and 'black puppet'...
Peter Fonda calls Obama 'traitor' at Cannes...
Obama, Sarkozy dissed in films...
Doomsday Food Price Scenario Turning Hedge Fund Managers into Survivalists...
In China, some new cities are ghost towns...
RON PAUL: SELL THE GOLD IN FORT KNOX... [ I personally believe that some has already been ‘sold’, as in stole, with gold plate the replacement; after all, with the wall street frauds, 360 tons of $100 bills flown into Iraq and ‘disappeared’, etc., why would same seem unlikely. ]
NEXT UP FOR BAILOUT: POST OFFICE...
4 MONTHS UNTIL DEFAULT... US Postal Service reports $2.2B loss for quarter... [ And, let me add that they deserved that loss. The USPS is totally unreliable and basically a jobs program for the otherwise unemployable; and, they are also corrupt. I’ve previously set forth the scenario where the postal service waylaid dvd disks sent priority/confirmation and a second time, certified mail, to the FBI (violations of federal law, tampering, obstruction, etc.), and ultimately additional copies of said disks were delivered by the reliable, efficient, competitive, performance-driven UPS (their parcel rates are roughly the same and yet half the delivery time – Fedex is as unreliable as the USPS-and for some time had a deal with the USPS)…infra ]
Medvedev warns West of new Cold War...
Russia Expels Israel's Military Attache...
U.S.-Israeli group tells members not to boo president...
WHITE HOUSE SHUTS OUT NEWSPAPER OVER 'BIAS'...
Veteran reporters mock WH press for kowtowing to 'monarch'...
GOV'T MOTORS CHEERS CHINESE COMMUNIST MOVIE...
US helicopter exchanges fire with Pakistan troops on Afghan border...
...increasing tensions
Pakistan, China Grow Closer...
New, federally-mandated light bulbs will cost $50 -- each...
GE lobbied for them...
REPORT: Secret Service interrogates 7th grader without parents' knowledge...
China cuts holdings of Treasurys for 5th month...
U.S. borrows $58,000 a second...
BUCHANAN: 'Bad day for New World Order'...
NO BAIL FOR WORLD'S BANKER
DOWN AND OUT IN MANHATTAN...
...sex charges likely to isolate IMF in debt crisis talks
'BLOOD ON THE BED'...
Authorities investigating 'at least one other' case...
CHANGE: Obama Assets Total as Much as $12 Million...
GALLUP: OBAMA DROPS ANOTHER 2 POINTS, DOWN TO 46%...
...Post-Bin Laden Bump Has Vanished
Hamas PM: Pray for an end to Israel...
Protesters try to breach Israeli border on 3 fronts...
Israel opens fire across border with Lebanon...
Egypt police fire tear gas at Nakba rally...
Demonstrators pour into Israel from Syria...
'Iran fingerprints'...
'Terror truck' attack...
GALLUP: Obama slips back to 48/45...
Administration approves 200 more new Obamacare waivers...
IMF HEAD IN RAPE RAP...
New Details...
May Step Aside?
French presidential race hopes in jeopardy...
'THUNDERBOLT'...
Ron Paul: 'These are the kind of people running the IMF'...
9 civilians killed in U.S. drone strike in Pakistan...
ALARM OVER APPROACHING INSOLVENCY OF SOCIAL SECURITY, MEDICARE...
Social Security to run 'permanent' deficits...
Texas official accuses ATF of starting wildfire...
'That bunch has a real corner on stupid'...
British woman decapitated in grocery store; killer flees with head...
Cannes: Diana doc slams UK royals as 'gangsters'...
Senate Bill Gives Feds Power to Order Blacklisting of Websites...
Treasury Auctions to Push US Over Debt Ceiling...
McCARTHY: 'Not one Republican vote' to borrow more without cuts...
REPORT: 48 Women Raped Every Hour in Congo...
'DOLLAR IN GRAVER DANGER THAN EURO'...
FORBES: RETURN TO GOLD STANDARD WITHIN 5 YEARS...
In S.C., legislature takes first step...
POLL: 1 in 5 say bin Laden alive...
MICHELLE: KEEPS ON DANCING!
First Lady to host rapper who talks of killing cops...
USA FREAK OUT: TERROR FEARS; FALSE ALARMS...
Sen. Schumer Calls For Amtrak 'Do Not Ride' List...
Two tunnel 'breaches' cause scare in NYC...
Threats Divert Planes in Three Separate Incidents...
Passengers, flight crew subdue man banging on cockpit door...
Dallas Train Station Evacuated: Man Asked For Help Carrying Packages...
4 Arrested For Videotaping TSA Line At Denver...
SHOCK PHOTO: TSA LOOKING FOR 'POOP BOMBS?'
U.S.-Pak. Rift Widens...
Pak. warns of 'full force' response to future US raids...
S&P cuts Greece's rating...
BOEHNER TO DEMAND NOT BILLIONS, BUT TRILLIONS IN CUTS...
OIL REBOUNDS; 2ND LARGEST GAIN ON RECORD...
REPORT: Housing crash getting worse...
...values fall fastest rate since '08
Michelle Obama to host rapper at WH who talks of killing cops...
'COMMAND CENTER'...
Pakistan skeptical of U.S. claim bin Laden directed network...
Two loud explosions heard in town where bin Laden killed...
Videos show 9-11 mastermind watching himself on TV...
U.S. government censors tapes, cuts audio...
Inside bin Laden's squalid home...
NYT: Final days of domesticity...
Drone Strike Kills 15 in Pakistan...
First since bin Laden raid...
BIN LADEN SUPPORTERS RAGE ON THE STREETS OF LONDON, VOW REVENGE...
Stage mock funeral in front of US embassy...
Gas nat'l average: $3.99...
Eats 9% of household budgets...
Average price sets record in Indiana -- $4.25 a gallon...
$6.03 in Hawaii...
JAPAN URGES HALT AT THREE REACTORS...
UNEMPLOYMENT BACK UP TO 9.0%...
Fannie Mae Reports $8.7B Loss for First Quarter...
Seeks $8.5B more from taxpayers...
APRIL JOBS: +244,000...
FUZZY MATH: How can US add jobs but the unemployment rate go up?
Gas nat'l average: $3.99...
Eats 9% of household budgets...
Average price sets record in Indiana -- $4.25 a gallon...
$6.03 in Hawaii...
PAPER: GREECE EU EXIT?
Silver Plunge Spreads...
OIL GUTTED...
Price Slide Temporary, New Highs Likely: Goldman...
Fears linger of a new 'flash crash'...
Euro Tumbles... CNN SHOCK POLL: RON PAUL HAS BEST CHANCE VS OBAMA
National Home Prices Double Dip...
JOBLESS CLAIMS RISE TO 8 MONTH HIGH...
Fears linger of a new 'flash crash'...
9-11 FAMILY: 'SHOW US PROOF BIN LADEN KILLED'...
Victim's father: Obama 'putting too much spotlight on himself'...
Channels Bush at Ground Zero: 'We will never forget'...
Tells teen survivor he knows Justin Bieber...
Turns Back on 9/11 Family Member...
AUDIO...
Muslim Brotherhood urges review of Israel ties...
Pakistanis burn U.S. flags; backlash over death grows...
Pakistan officials: No resistance in 'cold-blooded' U.S. raid...
Warns America not to stage any more...
Threatens 'disastrous consequences'...
Muslims already name dump location 'Martyr's Sea'...
OBAMA, NO PHOTOS OF OSAMA: 'We don't need to spike the football'...
'Conspiracy theorists will just claim doctored'...
Sen. Scott Brown: 'I've seen picture, he's definitely dead'...
UPDATE: Photo proving bin Laden's death to Sen. Brown was faked...
three senators fell for fakes...
UPDATE: 'The photo I saw and that a lot of other people saw is not authentic'...
Top Dem: No photo needed, 'there's absolute proof'...
REUTERS RELEASES 'DEATH SCENE' PHOTOS
**WARNING GRAPHIC**
UPDATE: Photo proving bin Laden's death to Sen. Brown was faked...
Possibly three senators fell for fakes...
Pakistan: 'Not a single bullet fired from compound'...
WIRE: Photos from 1 hour after raid show 3 dead, no weapons...
The Slippery Story of the bin Laden Kill...
Official says 'killed apparently by the U.S. raid team'...
DOLLAR HITS 3 YEAR LOW...
1 IN 7 ON FOOD STAMPS!
Job numbers disappoint...
Treasury suggests $2 trillion debt cap raise...
REUTERS, AP journalists describe staging of Obama photo taken after TV announcement of bin Laden's death...
US Postal Service reports $2.2B loss for quarter... [ And, let me add that they deserved that loss. The USPS is totally unreliable and basically a jobs program for the otherwise unemployable; and, they are also corrupt. I’ve previously set forth the scenario where the postal service waylaid dvd disks sent priority/confirmation and a second time, certified mail, to the FBI (violations of federal law, tampering, obstruction, etc.), and ultimately additional copies of said disks were delivered by the reliable, efficient, competitive, performance-driven UPS (their parcel rates are roughly the same and yet half the delivery time – Fedex is as unreliable as the USPS-and for some time had a deal with the USPS). Amazon, Ebay, though a boon to the USPS, have consistently failed to deliver in the realm of computers / peripherals. The following includes a prior testimonial to the service, reliability of PRO Computer Center ( http://www.procomputercenter.com Pro Computer Center, 10837 Santa Monica Blvd., Los Angeles, CA 90025 ) . Pro Computer Center is among the few remaining stores of their kind. They are performance / service / customer oriented like no other surviving computer retailer / repairer / service providers I’ve experienced. They’ve also moved into the realm of computer forensics / data recovery in the context of court proceedings where they’ve successfully performed where others failed and at substantially more reasonable rates than ‘the competition’. My most recent computer problems accounting for some website / posting delays has been once again been resolved by them and another Dell computer (the circumstances of the most recent debacle was a barrage of Trojans caught by my antivirus, one after another, then shutting down my antivirus, ultimately freezing (no boot) my computer (I previously alluded to my reasonable suspicions as to who perpetrated same). My experiences with such as Amazon, Ebay have been atrocious and borderline if not outright fraudulent (the shoddy sellers), time consuming, and aggravating in the ‘claims process’. Moreover, the other brick and mortar stores, even if reputable, have a fine print which lays most of the warrantee/ guarantee on the manufacturer. In sum, Pro Computer Center does not have any ‘real’ competition. They are currently building me a backup computer that comports with my budget and their survival as a company, though somewhat rare among computer retailers of their type, is totally understandable and a testament to high quality performance and service. (Prior testimonial:
Pro Computer Center
10837 Santa Monica Blvd.
Los Angeles, CA 90025

Gentlemen:

I just wanted to extend to you and your company my sincere thanks for a job well done. The Dell computer I recently purchased from you has lived up to all your representations and as well, my own expectations. I bought my first computer from you (Ben) in or around 1999. It was a Sony Vaio laptop which owing to Windows Millenium and a very proprietary approach to computing on the part of Sony, truth be told, was not the greatest system in terms of stability (typical Millenium problems), but no fault of yours. Ultimately, though functional, I traded the Vaio for a Mac, an accommodation by your company seldom seen with other companies if at all (3+ years later). You’ve always stood by your products / service, are available / accessible to field / handle all questions / problems which is rare indeed. In Armand you have a top-notch A+ Certified Tech who is patient, knowledgeable, and talented. Ruben, in truth has been particularly instrumental in seeing to a smooth transition in my recent dealings with your company as a knowledgeable IT Specialist and especially as a savvy, capable manager. Since 1999 I’ve purchased five computers from you and based upon performance, the sixth is assured.

Sincerely,

Albert L. Peia ) ]

Wall Street - Will it Lie and Cheat Stocks to New Highs? Maierhofer May 18, 2011 ‘Dear Wall Street and government officials (domestically and abroad), please take the following definition and post it where you see it daily (no, the latrine doesn't count):

Risk On/Risk Off Markets: Dave's Daily ‘Most investors were waiting for the 2PM Fed Minutes which offered few surprises. In it some governors were worried about inflation while others economic weakness. The unspoken conclusion is stagflation. Nevertheless, some Canadian wild fires near oil sands production areas halted production which, when combined with slightly lower oil inventories, pushed energy prices higher. This took the entire commodity complex higher once again squeezing shorts. With commodity prices higher, stocks also took-off with the most volatile and oversold sectors (EMs and Small Caps) leading the charge higher. Bond prices reversed course and the dollar was mostly flat.  One of the last companies to report earnings was Dell (DELL) which beat expectations. This led tech sectors higher despite quickly forgotten misses by Cisco (CSCO) and Hewlett Packard (HPQ). There have also been plenty of ignored casualties along the way as companies like Staples (SPLS) and AFLAC (AFL) reports disappointed. That said, markets are just plain "jumpy" and there's plenty of big money stock bets by hedge funds and others that need defending so any excuse will do. For all the bullishness volume was once again ultra-light which has been the signature of comeback rallies over the past nine months …’

Floyd Norris Blog Housing Starts: Still Dead NORRIS Home construction is at a new low, and for good reasons. But wouldn't it be nice to put all those unemployed people to work building something we need? (New York Times) [ ‘Wouldn’t it be nice’ … Sounds like a Beach Boys song … then there are tooth fairies, etc.. The very bad news hardly affects the fraudulent stock market as we saw in the last hour’s trading with suckers’ rally to keep the suckers sucked in. Then of course, there’s reality, which of course, is not lost on insiders. A storm gathers over equities markets (Reuters) Stock Market: 4 Current Warning Signs Navin ‘…

1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart.

2) Professor Shiller at Yale figures that the present price-to-earnings ratio for the Standard & Poor’s 500 is in the area of 26.  The historical average is about 16.  

3) The failure of the financial sector to keep up is a significant negative divergence for the entire market.  

4) Key market leaders are rolling over in price... ‘

Market's Risk/Reward Ratio Remains Poor McCurdy ‘The S&P 500 index has been in a secular bear market since 2000 and our Secular Trend Score (STS) indicates that we remain in the middle stage of its development (click to enlarge images):

http://static.seekingalpha.com/uploads/2011/5/14/668911-130540693393499-Erik-McCurdy_origin.png

This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away! …

America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog | It’s now mainstream news that none of the big financial criminals have been prosecuted. This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar

Selling In May Is Very Good Advice This Year Harding 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline’ ] States face shortfall for retirees (WP) (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed. Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come! America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows ]

British queen arrives in Ireland Queen Elizabeth II’s visit overshadowed by security scares. (Washington Post) [ ‘How sweet she is’ … that ‘sweet liz’ … that is … Diana film causes stir at Cannes “Unlawful Killing” has a combination of celebrity, controversy and canny hype-mongering. (Washington Post) [ Let’s not kid ourselves … and, Dodi Fayed’s father was no dope and knew the score. Indeed, it’s not coincidental that William’s the over-riding favorite of granny Liz II; after all, Harry’s the bastard son of Hewitt (don’t buy into their DNA proffer which they did buy – you know, that ‘bloodline thing’). Moreover, it was reported that Diana had another ‘potential challenger in the oven’ at the time of her death and we all know how dicey such english affairs of state can be (ie., Henry VIII, Richard III, etc.). Then there’s the contempt of Diana for having brought the son of her bosom, Chas, down. Do I think she said flat out ‘kill Diana’. No … more of a ‘do what’s necessary’ to mi6 et als. Ultimately, William will require some substantial therapy to sort out this looming conflict. After all, Diana was his mother. Drudgereport: British woman decapitated in grocery store; killer flees with head... Cannes: Diana doc slams UK royals as 'gangsters'... Though having but 5% of the world’s population, u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:

CRIME STATISTICS >(america is No. 1).

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

Financialization and Our Increasingly Unstable Economy Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud ). UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

In Rust Belt, new jobs but smaller wages The nation’s factories have added 250,000 jobs since the beginning of last year — about 13 percent of what was lost during the recent recession — marking the first sustained increase in manufacturing employment since 1997. But the new hiring also reflects another emerging reality of U.S. manufacturing. In the Rust Belt, glimmers of a new shine Stocks erase declines as shares advance (Washington Post) [ Come on! Wake up! Just another round of pre-election, make-shift, taxpayer-subsidized talking points. . 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline’ ] States face shortfall for retirees (WP) (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast turmoil to obfuscate their failure. Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come! America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Bernanke prepares to make history (WP) [ He already has! $6 gas acomin’.. hyperinflation as predicted well on the way from over-printing of fiat paper currency by fed as predicted, etc., Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic performance of the past ten years, equity valuations are the 2nd largest bubble in U.S. history... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued according to this valuation metric. The only time the markets have been more overvalued was a few brief months in 1929 and the tech bubble

... growth in earnings have been artificially manufactured...

· The change in accounting rules for the financial sector by FASB has generated massive “false” account profits beginning in 2009…’

Treasury to tap pensions to fund government (WP)

New math for debt compromise With the “Gang of Six” down a member, Sen. Chambliss will need to be the one selling any deal. (Washington Post) [ How ‘bout no math, which certainly would be consistent. After all, in Washington, when has math ever mattered ... Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ . … Osama bin Laden: A dead nemesis perpetuated by the US government ... 5-1-11 / U.S. intelligence is that bin Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php

ON MAY 1, 2011, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST.

Bin Laden's voice was detected regularly until [12-14-01] by intelligence operatives monitoring radio transmissions in Tora Bora, according to the Pentagon [details]. Since then, nothing has been heard from the al-Qa'eda leader ..[Telegraph, 12/28/2001]

Osama bin Laden: A dead nemesis perpetuated by the US government

Osama bin Laden is dead. The news first came from sources in Afghanistan and Pakistan almost 6 mos ago: the fugitive died in December [2001] and was buried in the mountains of southeast Afghanistan. Pakistan's president, Pervez Musharraf, echoed the information. ..

..Osama bin Laden would not have.. remained silent for so long if he were still alive. He always liked to take credit even for things he had nothing to do with …[NYT 7-11-02]

FOX News Report: Bin Laden Already Dead

CIA’s stealth drones watched bin Laden house Sophisticated new stealth aircraft flew dozens of secret missions deep into Pakistani airspace in an effort to capture high-resolution video that satellites could not provide, U.S. officials say. Pakistani troops, NATO helicopters engage in firefight 6th soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan Jones | Hamid Gul, former ISI chief, talks about NATO firing on Pakistani troops and the prospect of WWIII. Ludicrous Bin Laden “Porno” Claim Harks Back To CIA Fakery Watson | Spooks admitted creating hoax videotapes of Osama talking about having sex with boys. [ Yeah! This is becoming preposterous and it’s quite amazing that anyone’s believing anything they say. Next thing you know, they’ll be saying beyond the porn stash, Bin Laden was a closet Christian. Osama bin Laden: A dead nemesis perpetuated by the US government ... May 1, 2011 ... U.S. intelligence is that bin Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST… FLASHBACK: Editorial: US in quagmire Seeing the warm welcome extended to the Afghan president on his US trip, it is hard to believe that only weeks ago Washington was seething with anger and frustration at Hamid Karzai’s behavior and there were even dark mutterings by US officials that he might be mad. War in Afghanistan and Iraq costs America $1trillion From the Old | On May 30th at 10:06 the United States reached the point where they have spent $1trillion on the wars in Afghanistan and Iraq. Editorial: Bin Laden raid no vindication of torture (Washington Post) [ While I don’t disagree with this Editorial, I do disagree with the premise; viz., that they truly sought to prevent that ultimate ‘pearl harbor event’, to ratchet up the war spending / military industrial complex welfare plan with broad based enthusiasm / support. Even war-monger mccain supports this which also finds support in international law, treaties, conventions.I can only wonder what the presence of substantially underrated President General Eisenhower would have meant, and truly believe this entire debacle and the nation’s decline would have been avoided. “All In All It Appears That Eisenhower’s Worst Fears Have Been Realized And His Remarkable And Unique Warnings Given For Naught”

Wall Street snaps losing streak, but headwinds remain (Reuters)

Most at Fed want rate hikes before asset sales (Reuters)

Baidu, China sued in U.S. for Internet censorship (Reuters) [ As indeed they should be … there is no excuse for censorship in any nation including pervasively corrupt, defacto bankrupt america … particularly those purporting to be global, and hence, the communist chinese must ‘pay (with transparency) to play’. ]

Selling Gold at Fort Knox Emerges as Next Big Question in Debate on Federal Debt Limit The next big question on the federal debt limit could be whether to start selling the government’s holdings of gold at Fort Knox — and at least one presidential contender, Ron Paul, has told The New York Sun he thinks it would be a good move. Drudgereport: RON PAUL: SELL THE GOLD IN FORT KNOX... [ I personally believe that some has already been sold, as in stole, with gold plate the replacement; after all, with the wall street frauds, 360 tons of $100 bills flown into Iraq and ‘disappeared’, etc., why would same seem unlikely. ]

El-Erian: “Financial Repression” In the Form of a Negative Real Rate of Return for Savers Is Coming to America Pimco co-chair El-Erian is saying that the major flaws in the financial system will not be addressed, the government will keep on printing money, and that the inflation-adjusted return on investments for most Americans will be negative.

8 Reasons Why China Resembles The USA Prior To The Great Depression I wanted to pass along some excellent thoughts from Mark Lapolla of Knight Capital.

NATO in Libya: Besides the Oil, Is It Also a Gold Robbery? The IMF data show Libya’s reserves to be 4.6 million ounces, a figure of nearly 144 tons. At current market prices the value is over $6bn.

Drudgereport: USA HITS DEBT CEILING...
TREASURY RAIDS PENSIONS...
RON PAUL: SELL THE GOLD IN FORT KNOX... [ I personally believe that some has already been ‘sold’, as in stole, with gold plate the replacement; after all, with the wall street frauds, 360 tons of $100 bills flown into Iraq and ‘disappeared’, etc., why would same seem unlikely. ]
NEXT UP FOR BAILOUT: POST OFFICE...
4 MONTHS UNTIL DEFAULT... US Postal Service reports $2.2B loss for quarter... [ And, let me add that they deserved that loss. The USPS is totally unreliable and basically a jobs program for the otherwise unemployable; and, they are also corrupt. I’ve previously set forth the scenario where the postal service waylaid dvd disks sent priority/confirmation and a second time, certified mail, to the FBI (violations of federal law, tampering, obstruction, etc.), and ultimately additional copies of said disks were delivered by the reliable, efficient, competitive, performance-driven UPS (their parcel rates are roughly the same and yet half the delivery time – Fedex is as unreliable as the USPS-and for some time had a deal with the USPS)…infra ]
Medvedev warns West of new Cold War...
Russia Expels Israel's Military Attache...
U.S.-Israeli group tells members not to boo president...
WHITE HOUSE SHUTS OUT NEWSPAPER OVER 'BIAS'...
Veteran reporters mock WH press for kowtowing to 'monarch'...
GOV'T MOTORS CHEERS CHINESE COMMUNIST MOVIE...
US helicopter exchanges fire with Pakistan troops on Afghan border...
...increasing tensions
Pakistan, China Grow Closer...
New, federally-mandated light bulbs will cost $50 -- each...
GE lobbied for them...
REPORT: Secret Service interrogates 7th grader without parents' knowledge...
China cuts holdings of Treasurys for 5th month...
U.S. borrows $58,000 a second...
BUCHANAN: 'Bad day for New World Order'...
NO BAIL FOR WORLD'S BANKER
DOWN AND OUT IN MANHATTAN...
...sex charges likely to isolate IMF in debt crisis talks
'BLOOD ON THE BED'...
Authorities investigating 'at least one other' case...
CHANGE: Obama Assets Total as Much as $12 Million...
GALLUP: OBAMA DROPS ANOTHER 2 POINTS, DOWN TO 46%...
...Post-Bin Laden Bump Has Vanished
Hamas PM: Pray for an end to Israel...
Protesters try to breach Israeli border on 3 fronts...
Israel opens fire across border with Lebanon...
Egypt police fire tear gas at Nakba rally...
Demonstrators pour into Israel from Syria...
'Iran fingerprints'...
'Terror truck' attack...
GALLUP: Obama slips back to 48/45...
Administration approves 200 more new Obamacare waivers...
IMF HEAD IN RAPE RAP...
New Details...
May Step Aside?
French presidential race hopes in jeopardy...
'THUNDERBOLT'...
Ron Paul: 'These are the kind of people running the IMF'...
9 civilians killed in U.S. drone strike in Pakistan...
ALARM OVER APPROACHING INSOLVENCY OF SOCIAL SECURITY, MEDICARE...
Social Security to run 'permanent' deficits...
Texas official accuses ATF of starting wildfire...
'That bunch has a real corner on stupid'...
British woman decapitated in grocery store; killer flees with head...
Cannes: Diana doc slams UK royals as 'gangsters'...
Senate Bill Gives Feds Power to Order Blacklisting of Websites...
Treasury Auctions to Push US Over Debt Ceiling...
McCARTHY: 'Not one Republican vote' to borrow more without cuts...
REPORT: 48 Women Raped Every Hour in Congo...
'DOLLAR IN GRAVER DANGER THAN EURO'...
FORBES: RETURN TO GOLD STANDARD WITHIN 5 YEARS...
In S.C., legislature takes first step...
POLL: 1 in 5 say bin Laden alive...
MICHELLE: KEEPS ON DANCING!
First Lady to host rapper who talks of killing cops...
USA FREAK OUT: TERROR FEARS; FALSE ALARMS...
Sen. Schumer Calls For Amtrak 'Do Not Ride' List...
Two tunnel 'breaches' cause scare in NYC...
Threats Divert Planes in Three Separate Incidents...
Passengers, flight crew subdue man banging on cockpit door...
Dallas Train Station Evacuated: Man Asked For Help Carrying Packages...
4 Arrested For Videotaping TSA Line At Denver...
SHOCK PHOTO: TSA LOOKING FOR 'POOP BOMBS?'
U.S.-Pak. Rift Widens...
Pak. warns of 'full force' response to future US raids...
S&P cuts Greece's rating...
BOEHNER TO DEMAND NOT BILLIONS, BUT TRILLIONS IN CUTS...
OIL REBOUNDS; 2ND LARGEST GAIN ON RECORD...
REPORT: Housing crash getting worse...
...values fall fastest rate since '08
Michelle Obama to host rapper at WH who talks of killing cops...
'COMMAND CENTER'...
Pakistan skeptical of U.S. claim bin Laden directed network...
Two loud explosions heard in town where bin Laden killed...
Videos show 9-11 mastermind watching himself on TV...
U.S. government censors tapes, cuts audio...
Inside bin Laden's squalid home...
NYT: Final days of domesticity...
Drone Strike Kills 15 in Pakistan...
First since bin Laden raid...
BIN LADEN SUPPORTERS RAGE ON THE STREETS OF LONDON, VOW REVENGE...
Stage mock funeral in front of US embassy...
Gas nat'l average: $3.99...
Eats 9% of household budgets...
Average price sets record in Indiana -- $4.25 a gallon...
$6.03 in Hawaii...
JAPAN URGES HALT AT THREE REACTORS...
UNEMPLOYMENT BACK UP TO 9.0%...
Fannie Mae Reports $8.7B Loss for First Quarter...
Seeks $8.5B more from taxpayers...
APRIL JOBS: +244,000...
FUZZY MATH: How can US add jobs but the unemployment rate go up?
Gas nat'l average: $3.99...
Eats 9% of household budgets...
Average price sets record in Indiana -- $4.25 a gallon...
$6.03 in Hawaii...
PAPER: GREECE EU EXIT?
Silver Plunge Spreads...
OIL GUTTED...
Price Slide Temporary, New Highs Likely: Goldman...
Fears linger of a new 'flash crash'...
Euro Tumbles... CNN SHOCK POLL: RON PAUL HAS BEST CHANCE VS OBAMA
National Home Prices Double Dip...
JOBLESS CLAIMS RISE TO 8 MONTH HIGH...
Fears linger of a new 'flash crash'...
9-11 FAMILY: 'SHOW US PROOF BIN LADEN KILLED'...
Victim's father: Obama 'putting too much spotlight on himself'...
Channels Bush at Ground Zero: 'We will never forget'...
Tells teen survivor he knows Justin Bieber...
Turns Back on 9/11 Family Member...
AUDIO...
Muslim Brotherhood urges review of Israel ties...
Pakistanis burn U.S. flags; backlash over death grows...
Pakistan officials: No resistance in 'cold-blooded' U.S. raid...
Warns America not to stage any more...
Threatens 'disastrous consequences'...
Muslims already name dump location 'Martyr's Sea'...
OBAMA, NO PHOTOS OF OSAMA: 'We don't need to spike the football'...
'Conspiracy theorists will just claim doctored'...
Sen. Scott Brown: 'I've seen picture, he's definitely dead'...
UPDATE: Photo proving bin Laden's death to Sen. Brown was faked...
three senators fell for fakes...
UPDATE: 'The photo I saw and that a lot of other people saw is not authentic'...
Top Dem: No photo needed, 'there's absolute proof'...
REUTERS RELEASES 'DEATH SCENE' PHOTOS
**WARNING GRAPHIC**
UPDATE: Photo proving bin Laden's death to Sen. Brown was faked...
Possibly three senators fell for fakes...
Pakistan: 'Not a single bullet fired from compound'...
WIRE: Photos from 1 hour after raid show 3 dead, no weapons...
The Slippery Story of the bin Laden Kill...
Official says 'killed apparently by the U.S. raid team'...
DOLLAR HITS 3 YEAR LOW...
1 IN 7 ON FOOD STAMPS!
Job numbers disappoint...
Treasury suggests $2 trillion debt cap raise...
REUTERS, AP journalists describe staging of Obama photo taken after TV announcement of bin Laden's death...
US Postal Service reports $2.2B loss for quarter... [ And, let me add that they deserved that loss. The USPS is totally unreliable and basically a jobs program for the otherwise unemployable; and, they are also corrupt. I’ve previously set forth the scenario where the postal service waylaid dvd disks sent priority/confirmation and a second time, certified mail, to the FBI (violations of federal law, tampering, obstruction, etc.), and ultimately additional copies of said disks were delivered by the reliable, efficient, competitive, performance-driven UPS (their parcel rates are roughly the same and yet half the delivery time – Fedex is as unreliable as the USPS-and for some time had a deal with the USPS). Amazon, Ebay, though a boon to the USPS, have consistently failed to deliver in the realm of computers / peripherals. The following includes a prior testimonial to the service, reliability of PRO Computer Center ( http://www.procomputercenter.com Pro Computer Center, 10837 Santa Monica Blvd., Los Angeles, CA 90025 ) . Pro Computer Center is among the few remaining stores of their kind. They are performance / service / customer oriented like no other surviving computer retailer / repairer / service providers I’ve experienced. They’ve also moved into the realm of computer forensics / data recovery in the context of court proceedings where they’ve successfully performed where others failed and at substantially more reasonable rates than ‘the competition’. My most recent computer problems accounting for some website / posting delays has been once again been resolved by them and another Dell computer (the circumstances of the most recent debacle was a barrage of Trojans caught by my antivirus, one after another, then shutting down my antivirus, ultimately freezing (no boot) my computer (I previously alluded to my reasonable suspicions as to who perpetrated same). My experiences with such as Amazon, Ebay have been atrocious and borderline if not outright fraudulent (the shoddy sellers), time consuming, and aggravating in the ‘claims process’. Moreover, the other brick and mortar stores, even if reputable, have a fine print which lays most of the warrantee/ guarantee on the manufacturer. In sum, Pro Computer Center does not have any ‘real’ competition. They are currently building me a backup computer that comports with my budget and their survival as a company, though somewhat rare among computer retailers of their type, is totally understandable and a testament to high quality performance and service. (Prior testimonial:
Pro Computer Center
10837 Santa Monica Blvd.
Los Angeles, CA 90025

Gentlemen:

I just wanted to extend to you and your company my sincere thanks for a job well done. The Dell computer I recently purchased from you has lived up to all your representations and as well, my own expectations. I bought my first computer from you (Ben) in or around 1999. It was a Sony Vaio laptop which owing to Windows Millenium and a very proprietary approach to computing on the part of Sony, truth be told, was not the greatest system in terms of stability (typical Millenium problems), but no fault of yours. Ultimately, though functional, I traded the Vaio for a Mac, an accommodation by your company seldom seen with other companies if at all (3+ years later). You’ve always stood by your products / service, are available / accessible to field / handle all questions / problems which is rare indeed. In Armand you have a top-notch A+ Certified Tech who is patient, knowledgeable, and talented. Ruben, in truth has been particularly instrumental in seeing to a smooth transition in my recent dealings with your company as a knowledgeable IT Specialist and especially as a savvy, capable manager. Since 1999 I’ve purchased five computers from you and based upon performance, the sixth is assured.

Sincerely,

Albert L. Peia ) ]

Why Are Investors Fearful? Here are 19 Answers Khaner May 17, 2011 ‘It's hold-your-breath time as investors worry about inflation, housing, the end of QE2, the Mississipi flood and more.

Investors are worried. The end of QE2 is in sight, the Brits are talking about inflation, and the future of oil, housing and the US economy looks uncertain. Add to these the economic threat posed by Mississippi River flood waters, and you've got countless sleepless nights. Here's a look at all the issues making the market nervous this week. For more on how to use Lloyd's Wall of Worry, see below.

QE II: Much ado about nothing? Or much ado about something? Place yer bets, place yer bets! Tick, tick, tick…

U.S. ECONOMY: Inventory built, inventory sold, inventory built, inventory sold. “And the beat goes on...” This is going to be our economic path until further notice so dig the groove, `cause it’s the only disc we got to spin.

UNEMPLOYMENT: We added 244,000 new jobs! Not ready to body surf the crowd to  "The Boys Are Back In Town" yet but it's a solid six-digit number.

U.S. DEBT CEILING: “Going up, she said, uh, huh…” And it's just a matter of when, not if. Still worth fretting about though.

INVESTOR SENTIMENT: Mom & Pop investors still getting’ their ya-yas out by pouring their savings into the equity markets. Here's hoping they don't suddenly throw their ya-yas into reverse and give us a Main Street flash crash.

HOUSING CRISIS: Markets worldwide still looking pricey. I saw a listing for a rectangular, poured concrete split-level in a high-end military suburb of Pakistan that’s going for a million clams! Even with free weekly goat delivery thrown in, it still seems steep.

INFLATION: Said to be “uncomfortably high” in London. Given the Brits penchant for understatement, that translates into “my pants are on fire and I can’t afford to buy any water to put them out.”

SAUDI ARABIA: No one can convince me that they aren’t quietly calling all the shots in the Middle East. Hope somebody whispers to them that there's no room for error here.

STOCK MARKET TECHNICALS: The technical signals aren’t flashing anything definitive and the current low volume, tight equity trading range is just too tough when you’re trying to make an honest living scalping a vulnerable market. Is nothing sacred anymore?

FLOODS: “High water rising, the shacks are sliding down, folks lose their possessions -- folks are leaving town…”  It's hold-your-breath time as the Mississippi is flooding and the Louisiana gulf oil refineries may be threatened.

OIL PRICES: We get to $3.50 per gallon by July 1 and all is well. We get to $3 per gallon by July 1 and all is well and riding in a new stretch SUV Land Yacht! “It’s a party in the USA!"

ARAB SPRING: “Spring has sprung, the grass has ris’, I wonder where the birdies is?” Answer: Any place but the Middle East!

LIBYA: Turkey, their last best friend and biggest toe, just threw in the towel on them. C’mon Libby, walk away before they carry you away.

JAPAN: Lost 3.2 million jobs in March alone. Insert audible “Gasp” here.

CHINA: The Tony Soprano School of Management springs to life. China starts punishing companies for publicly announcing that they're about to raise prices on their products. “You woke up this morning, the world turned upside down...”

RING OF FIRE + SPAIN: Talk about getting kicked when you’re down. And since when does Europe get into the earthquake act?

CURRENCIES: The American Buck wakes from its deep slumber and bucks hyper-levered commodity traders right in the assets. 

SOVEREIGN DEBT: Hoopah! Hoopah! Greece is still livin’ large and partying in the face of fiscal austerity promises. Unfortunately all of Europe will get a hangover from this seemingly never ending bacchanal.

COMMODITIES: Correct me if I’m wrong but are oil, gold and silver staging freakishly odd crashes every other day or is it just me? When you come up with the answer just look for me under my desk.


What Is Lloyd's Wall of Worry?
By Lloyd Khaner

Since the 1930s, when Benjamin Graham created the concept of "Mr. Market," investors have been trying to figure out what events or fears are influencing the market. Investors call this body of concerns the "Wall of Worry."

Oddly, no one has ever kept a list of the worries, except for me. I've been managing money for the last 20 years and keeping a running tally of all the things that are bothering investors. It's an important part of my value investment discipline, because when Mr. Market gets nervous, stocks tend to get cheaper.

As Warren Buffett says: "Be fearful when others are greedy and be greedy when others are fearful."

Click on the image below to view the interactive Wall of Worry page.

http://www.minyanville.com/investing/lloyds-wall-of-worry/5/17/2011 ‘

Human Hair Now More Valuable Than US Dollar ‘According to the New York Times, thieves breaking into beauty parlors are more interested in making off with hair extensions than cash.
"One indication of how quickly the focus of some thieves has shifted to high-end hair is the experience of the Beauty One hair supply store in Chicago: two years ago, thieves went after the store’s cash, but last month, they bypassed the register altogether and took just the hair, which was valued at $90,000," reporter Timothy Williams writes…’

Selling In May Is Very Good Advice This Year Harding Stocks slip after three-day rally (Washington Post) [ Top 3 Reasons Markets Tanked with Oil WSCS…

1) Commodities and Oil got slaughtered. .. widening trade gap.

2) Insiders finally getting busted.. but what about what large banks, investment banks, and mortgage companies did to the US economy…these insider trading cases are basically sideshows…

Fed official calls for vigilance (WP) [ Who’s still buying their b***s***! Much higher prices / inflation’s already here. 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline’ ] States face shortfall for retirees (WP) (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast turmoil to obfuscate their failure. Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come! America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Bernanke prepares to make history (WP) [ He already has! $6 gas acomin’.. hyperinflation as predicted well on the way from over-printing of fiat paper currency by fed as predicted, etc., Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic performance of the past ten years, equity valuations are the 2nd largest bubble in U.S. history... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued according to this valuation metric. The only time the markets have been more overvalued was a few brief months in 1929 and the tech bubble

... growth in earnings have been artificially manufactured...

· The change in accounting rules for the financial sector by FASB has generated massive “false” account profits beginning in 2009…’

Pension plan draws ire of workers Proposal to raise payroll deductions of federal workers could make public sector work less attractive.
Diary: Federal workers are raising the roof Treasury to tap pensions to fund government (Washington Post) [ Most people thought this to be beyond the realm of possibility; yet, it’s happening and far worse is yet to come, their desperation being seen in so many ways. As far as public sector ‘work’ being less attractive, let’s not forget the fact that these non-productive, over-paid, over-valued public employees, like those of the u.s. postal service, are otherwise unemployable, and as such, tend to favor party-campaign benefactors as, ie., fraudulent wall street, etc.. Market's Risk/Reward Ratio Remains Poor McCurdy ‘The S&P 500 index has been in a secular bear market since 2000 and our Secular Trend Score (STS) indicates that we remain in the middle stage of its development :

http://static.seekingalpha.com/uploads/2011/5/14/668911-130540693393499-Erik-McCurdy_origin.png

…

..Butler|Philbrick & Associates conducted a study that combined the Shiller CAPE ratio, the Q-Ratio, long-term price deviations and total return trends. The following graph from DShort.com displays 15-year actual stock market returns and projected returns since 1900 ..

http://static.seekingalpha.com/uploads/2011/5/14/668911-13054033822883-Erik-McCurdy.png

With a couple of notable exceptions, actual returns have tracked projected returns almost exactly during the past 110 years. .. this model projects that stocks will return -0.5% during the next 10 years and 0.6% during the next 15 years.. stocks are likely to produce no gains for the next 15 years. .. However, the fact remains that stocks are priced to deliver historically poor returns as investment vehicles for the foreseeable future.

While valuation-based forecasting models project a poor long-term outlook, chart analysis and internal data also suggest that the stock market has entered a period of heightened risk from an intermediate-term perspective. ..

http://static.seekingalpha.com/uploads/2011/5/14/668911-130540340946043-Erik-McCurdy.png

The rally is now 26 months old and cyclical bulls that occur during secular bears..

http://static.seekingalpha.com/uploads/2011/5/14/668911-130540342919514-Erik-McCurdy_origin.png

http://static.seekingalpha.com/uploads/2011/5/14/668911-130540344803643-Erik-McCurdy_origin.png

http://static.seekingalpha.com/uploads/2011/5/14/668911-13054034630148-Erik-McCurdy_origin.png

http://static.seekingalpha.com/uploads/2011/5/14/668911-13054034630148-Erik-McCurdy.png

Finally, our sentiment score recently declined to the lowest level since late 2007, reflecting an excessive amount of bullish sentiment that leaves the stock market vulnerable to an abrupt, violent decline.

http://static.seekingalpha.com/uploads/2011/5/14/668911-130540347838945-Erik-McCurdy_origin.png

Lawmakers rebuff restitution (Washington Post) Investors in an alleged Ponzi scheme say their pleas for reimbursement fall on deaf ears. ‘While Allen Stanford was flying high, he and his colleagues spent more than $10 million on campaign contributions and lobbying payments to curry favor in Washington. But all that money was diverted from investors in what authorities have called an elaborate Ponzi scheme, second only to Bernard Madoff’s in U.S. history, according to court documents…’ [ No surprise here from the accomplices / facilitators of frauds such as this which are plentiful in pervasively corrupt, defacto bankrupt america.

A storm gathers over equities markets (Reuters) Stock Market: 4 Current Warning Signs Navin ‘…

1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart.

2) Professor Shiller at Yale figures that the present price-to-earnings ratio for the Standard & Poor’s 500 is in the area of 26.  The historical average is about 16.  

3) The failure of the financial sector to keep up is a significant negative divergence for the entire market.  

4) Key market leaders are rolling over in price... ‘

Market's Risk/Reward Ratio Remains Poor McCurdy ‘The S&P 500 index has been in a secular bear market since 2000 and our Secular Trend Score (STS) indicates that we remain in the middle stage of its development (click to enlarge images):

http://static.seekingalpha.com/uploads/2011/5/14/668911-130540693393499-Erik-McCurdy_origin.png

This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away! …

America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog | It’s now mainstream news that none of the big financial criminals have been prosecuted. This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar

Selling In May Is Very Good Advice This Year Harding 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline’ ] States face shortfall for retirees (WP) (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed. Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come! America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows

Study: $2 trillion for infrastructure U.S. is falling dramatically behind in rebuilding and expanding its transportation network, study says. (Washington Post) [ As if that was all pervasively corrupt, defacto bankrupt america was falling behind in. Moreover, even the simplistic answer, ‘you can’t spend what you don’t have’, is regrettably inapposite. The problem is, defacto bankrupt america is spending what it doesn’t really have. More importantly, pervasively corrupt america is spending what it doesn’t really have on war, and such other manipulations as fraudulent wall street, most of which is immediately or ultimately a net negative in real economic terms. Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ . … Osama bin Laden: A dead nemesis perpetuated by the US government ... 5-1-11 / U.S. intelligence is that bin Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php

ON MAY 1, 2011, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST.

Bin Laden's voice was detected regularly until [12-14-01] by intelligence operatives monitoring radio transmissions in Tora Bora, according to the Pentagon [details]. Since then, nothing has been heard from the al-Qa'eda leader ..[Telegraph, 12/28/2001]

Osama bin Laden: A dead nemesis perpetuated by the US government

Osama bin Laden is dead. The news first came from sources in Afghanistan and Pakistan almost 6 mos ago: the fugitive died in December [2001] and was buried in the mountains of southeast Afghanistan. Pakistan's president, Pervez Musharraf, echoed the information. ..

..Osama bin Laden would not have.. remained silent for so long if he were still alive. He always liked to take credit even for things he had nothing to do with …[NYT 7-11-02]

FOX News Report: Bin Laden Already Dead

Dionne: Why did the media fall for Trump? (Washington Post) [ In addition to being a mobster, trump was / is always a joke and a certifiable mental case. The real question is why the media continues to fall for wobama. SEC urged to ease fundraising rules (Washington Post) [ REDUNDANT! I mean come on! Any more ‘easing’ and we’d be in negative territory where they actually reward you for breaking the rules which is currently the reality in pervasively corrupt, defacto bankrupt, meaningfully lawless america. Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billiions from the fraud ). UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.

‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

Defacto bankrupt, fraudulent america also spends more on military spending than all the nations of the world combined... federal employees / contractors, cia, all 3 branches of the u.s. government, etc., are included in this evolved american trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ). That perverse field of dreams I’ve previously alluded to, the american nightmare, if you build / contrive war, they will come. And, they do; seals of them (among others); and when their ‘tours’ are done, it’s murder inc./contract killing for hire that they’ve won (cia, mob, etc.). The 20th century, the ‘bloodiest century’, not coincidentally referred to as the american century, brings longings of nostalgia to american criminals who, like Pavlov’s dogs salivate at the prospect of killing, raping, pillaging, and plundering which primitive mindset they have mistakenly been conditioned to connect to their now irretrievably lost success as a nation state; and to the contrary, has become globally and domestically self-destructive / self-defeating. The entire 911 / Bin Laden scenario just doesn’t pass the smell test and reeks of political desperation and Orwellian opportunism.

U.S. speeds up direct talks with Taliban Officials say they hope the negotiations, initiated several months ago, will enable President Obama to report progress in ending the Afghan war when he announces troop withdrawals in July. (Washington Post) [ Well, no biggy … after all, they’ve been reporting and will continue reporting ‘progress’ regardless of the reality and prospectively why should we expect the truth, particularly in this so called election cycle. Even MSNBC’s Chris Matthews Admits the CIA is Engaging in “Psy-Ops” With The Bin Laden Raid Youtube Bin Laden’s “One Million Page Cache” Will Be Used To Legitimize Official 9/11 Fable Paul Watson | The White House claims it has recovered one million pages of data from the Bin Laden compound… That’s exactly what they want … for the benefit of the military industrial complex that has steadily drained the dwindling resourses of this country to defacto bankruptcy. Editorial: Bin Laden raid no vindication of torture (Washington Post) [ While I don’t disagree with this Editorial, I do disagree with the premise; viz., that they truly sought to prevent that ultimate ‘pearl harbor event’, to ratchet up the war spending / military industrial complex welfare plan with broad based enthusiasm / support. Even war-monger mccain supports this which also finds support in international law, treaties, conventions.I can only wonder what the presence of substantially underrated President General Eisenhower would have meant, and truly believe this entire debacle and the nation’s decline would have been avoided. “All In All It Appears That Eisenhower’s Worst Fears Have Been Realized And His Remarkable And Unique Warnings Given For Naught” [ I personally believe, and the factual, historical realities support that President General Eisenhower is without question the most under-rated president in america’s short-lived history. Is there anyone who foolishly would believe this man (Ike) of honor, the quintessential General / Commander in Chief would be sacrificing lives (american among many others) and treasury for the sake of war profiteers, greed, fraud, etc., as now? ] President Eisenhower’s warned us about the growing threat from the military-industrial complex – and it’s threat to our prosperity – 50 years ago. Eisenhower’s Worst Fears Have Been Realized Washington’s Blog | All in all it appears that Eisenhower’s worst fears have been realized and his remarkable and unique warnings given for naught. ….. Indeed, 911 itself; that ‘pearl harbor event’ so sought by the neo-cons / war mongers still defies explanation (ie., the ‘stand-down order’, symmetrical implosions, foreknowledge by some {who conveniently ‘missed the party’ that day}, etc.. Some links, echoing the disbelief akin to the ‘Jessica Lynch’, Tillman, etc., affairs follow. People must realize that though having but 5% of the world’s population, america can boast 76% of the world’s serial killers and the highest crime rates in the world by far. That perverse field of dreams I’ve previously alluded to, the american nightmare, if you build / contrive war, they will come. And, they do; seals of them (among others); and when their ‘tours’ are done, it’s murder inc./contract killing for hire that they’ve won (cia, mob, etc.). The 20th century, the ‘bloodiest century’, not coincidentally referred to as the american century, brings longings of nostalgia to american criminals who, like Pavlov’s dogs salivate at the prospect of killing, raping, pillaging, and plundering which primitive mindset they have mistakenly been conditioned to connect to their now irretrievably lost success as a nation state; and, to the contrary, has become globally and domestically self-destructive / self-defeating. The entire 911 / Bin Laden scenario just doesn’t pass the smell test and reeks of political desperation and Orwellian opportunism.

Ludicrous Bin Laden “Porno” Claim Harks Back To CIA Fakery Paul Joseph Watson | Spooks admitted creating hoax videotapes of Osama talking about having sex with boys. [ Yeah! This is becoming preposterous and it’s quite amazing that anyone’s believing anything they say. Next thing you know, they’ll be saying beyond the porn stash, Bin Laden was a closet Christian. Osama bin Laden: A dead nemesis perpetuated by the US government ... May 1, 2011 ... U.S. intelligence is that bin Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php ON MAY 1, 2011, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST… [ infra, for article text ] FLASHBACK: Editorial: US in quagmire Seeing the warm welcome extended to the Afghan president on his US trip, it is hard to believe that only weeks ago Washington was seething with anger and frustration at Hamid Karzai’s behavior and there were even dark mutterings by US officials that he might be mad. War in Afghanistan and Iraq costs America $1trillion From the Old | On May 30th at 10:06 the United States reached the point where they have spent $1trillion on the wars in Afghanistan and Iraq.      

10 Indications The United States Is A Dictatorship

For a people to be free, they must first be honest with themselves, their government, and the world at large. History is filled with stories of free nations that fell under the spell cast by their governments who exploited the threat of terror…

1. Rule by force, not by law: This is where it all begins; when the legal framework that serves to define a country and its behavior is dismantled and intimidation tactics take over.  In the most extreme case, drone bombings and assassinations have begun of non-citizens, as well as U.S. citizens, leading only to a debate over whether U.S. citizens should be stripped of citizenship before assassination.  Governmental assassinations are in complete opposition to the laws of America and all international laws and agreements.  In the last week we have also seen the official elimination of the 4th Amendment in Indiana, which is a clear precedent-setting ruling to say that the State now believes that it owns the property and person of its citizens.  As a result, the militarized police have been granted unlimited access, which will only cause an escalation in cases of police brutality and misconduct.  This is yet another addition to the precedent set by TSA groping and sexual harassment in airports, Child Protective Services kidnapping children of activists in pro-liberty causes, public school surveillance, and the lawless detention of activists who videotape the police.  All areas of society are now ruled top-down through state legislation adopted to justify federal grants that have installed a police state apparatus in America.  And these federal agencies such as the TSA actually believe they rule supreme over the states.  We now live in a country where CIA abductions, overseas detention, torture and assassinations can be carried out against Americans without due process and without recourse if later cleared.  Consequently, an atmosphere has been created where the government is permitted to break countless laws, like warrantless GPS tracking of activists by the FBI, while average citizens are guilty of pre-crimes.  The increase in executive power under the aegis of National Security is our greatest threat and has led to all that follows.

2. Crushing peaceful protest: Despite the current mission to defend protesters living in dictatorships overseas, when George Bush brought “free speech zones” to America it effectively spelled the end of peaceful, lawful street protest.  Now the full force of brutality and surveillance has been unleashed upon the very people intent in stopping it through peaceful means.  It is as sure a sign as any about totalitarian intentions, when anti-war activists have become one of the targets.  The activist is beginning to equal terrorist in the all-seeing eye of the State, and any street gathering is a sure sign to let loose all of the riot weapons that were formerly used against insurgents on foreign battlefields.  One look at the G20 protest in Pittsburgh,  a recent Illinois University event, and the ongoing travesty of the torture and incarceration of Bradley Manning, and we can begin to see through the propaganda of White House officials when they talk about terrible dictators in other nations crushing dissent.

3. Checkpoints: The slow acclimation of the populace to military-style checkpoints began first as border control operations up to 100 miles inland in what the ACLU calls the Constitution Free Zone.  However, this has rather quickly morphed into local traffic stops across the country for “unsavory” characters such as those targeted by the Amber Alert system and DUI checkpoints.   Though apparently well meaning, we are now far beyond even loosely suspected criminal activity, as VIPR teams have been introduced to take over public transportation and events.  The TSA tyranny has hit the streets of America, now forming a de facto internal passport system straight out of the totalitarian playbook.  The expanding checkpoint system dovetails with new initiatives such as the No Ride List proposal of Chuck Shumer, building upon the No Fly List already in place.  These no-travel lists are extrajudicial, secret, and form a guilty-until-proven innocent framework that subverts freedom instead of protecting it.  Incidentally, this element of constant suspicion is exactly what leads to a citizen spy network.

4. Citizen spy network: Dictatorships know how difficult it is to rule over large populations with only the relatively small numbers of military and police. Despite the lessons of terror created by citizen surveillance that the East German Stasi files left us to examine, just such a network has been openly introduced to present-day America — and now it’s even more high-tech and populated.  Secret black budget projects organized through the NSA like Perfect Citizen is just one among many.  Our head of Homeland Security, Janet Napolitano — in partnership with retailer Wal-Mart – kicked off the See Something, Say Something program, which goes beyond the already high-tech surveillance apparatus of the NSA and turns each of us into an unpaid employee of the police state.  Similarly, the web of cameras and data mining is far too massive for even the well-funded NSA, but with gadgets at our disposal we can now download apps to enable spying on our neighbors.  Most dangerous of all, though, is new legislation introduced by Peter King that enshrines Janet Napolitano’s program and would provide immunity for accusers “acting in good faith” while reporting suspicious activities.  This is guaranteed to lead to false arrests and disappearances, just as it has on every occasion throughout history when a society’s fear becomes self-directed.

5. Executive Orders: This is means by which a dictator can come to power in the United States, despite a framework of checks and balances.  Any time a country has centralized its power to the executive branch by erasing the checks and balances of separate legislative and judicial bodies, the result has been dictatorship.  And this normally happens when national security is “threatened.”  The Constitution is clear, however: only the legislature (Congress) can make laws.  Yet, the use of Executive Orders has increased, beginning with President Clinton who came under fire for his abuse of this power, becoming one of only two presidents (the other was Truman’s E.O. 12954) to have an Executive Order struck down by the courts.   His successors seem only to have been encouraged. Clinton issued 14, George W. issued over 60, and Obama is at 26 with many more to be expected if he wins a second term. Among the most egregious of Obama’s orders is the ability to hold detainees indefinitely even after a court has found them not guilty.  Executive Orders also form the basis for control over regulatory agencies, which then impose the directives.  While it seems multi-layered with potential checks and balances, all directives can now be issued top-down in dictatorial fashion. 

6. Control of regulatory agencies: This is the more insidious and, ultimately, dangerous tactic used by dictatorships.  Dictatorship through regulation invades every facet of society without relying only upon overt violence.  As mentioned above, only the legislature can make laws.  However, the legislature has created “regulatory bodies” which make de facto laws through “violations” that rob us of freedom.  There is no clearer example at the moment than the FDA, which has brought in near-total food control.  The FDA is working in concert with a global agenda being foisted upon us through the Codex Alimentarius commission in Europe which essentially renders anything healthy as toxic, and all that is toxic as healthy.   Regulatory agencies in the United States have engendered a system where the corporate-government revolving door leads to corruption and consolidation — not free markets.  The current regulations are opposed to the principles of freedom and independence, and favor only those in positions to make money from more control; so more control and less freedom is what we can expect under these federal directives controlling the states.

7. President declares war unilaterally: Despite the parade of lies that led to wars in Iraq and Afghanistan, it pales in comparison with the new war in Libya and other interventions and sanctions throughout the Middle East and North Africa.  Through Executive Orders, outlined above, the President can declare war so long as there is a resolution passed by Congress.  This has been dispensed with through Obama’s illegal wars, and it appears that Congress could go even further by ceding its power completely to the president.  The disregard for Congressional approval is already dictatorial, but if this last step is taken we will effectively be living in a permanent state of war tantamount to WWIII that will be controlled at the sole discretion of the current and future presidents.  This unilateral power to drag nations into war without checks and balances is a hallmark of dictatorships where entire countries are swept along purely by the ideology of their leader. As Ron Paul and Lew Rockwell have stated, “We have a dictatorship when it comes to foreign policy.”  With the latest development, it is actually a dictatorship when it comes to domestic policy as well, since America’s espionage network has turned inward, and this new presidential power would not be limited to overseas actions.

8. Torture: Torture has long been a tactic used by America. In fact it runs the leading school on its methods.  The School of the Americas has been responsible for training Latin American dictators and their thugs on how to intimidate the local population and rule with an iron fist.  However, the torture debate has hit mainstream media in a serious discussion about its effectiveness, especially following the assassination of Osama bin Laden.  Aside from the despicable morals involved, torture doesn’t work for intelligence gathering, according to experts.  Furthermore, the legalization of torture was what really brought the dreaded Russian secret police out into the open.  When such a declaration is made, it is literally a recruiting strategy to find the criminals and sadists who would love to be part of such a system.  Torture is not normal work for normal people; it is the work of psychopaths such as Dick Cheney who loves the tactic of waterboarding so much that he has stated it should be brought back and used more widely.  No nation that uses torture to obtain confessions can be called legitimate. It is only used as a tool of intimidation and oppression by totalitarian regimes.

9. Forced labor camps (gulags): This is when we know that a totalitarian society has arrived in full and our society is run completely by coercion.  As Naomi Wolf has illustrated, “With its jails in Iraq and Afghanistan, and, of course, Guantánamo in Cuba, where detainees are abused, and kept indefinitely without trial and without access to the due process of the law, America certainly has its gulag now.”  Additionally, a silent gulag has already been created inside America, starting with the nation’s prisoners who are increasingly locked up within a for-profit prison-industrial system that makes money both on the construction of prisons as well as the cheap labor force.  The Defense Department itself pays prisoners 23 cents per hour to build its weapons systems, which is clearly a type of slave labor.  One might immediately argue that there is a huge difference between real prisoners and innocent people swept off the streets as they were in Stalinist Russia, for example, or in modern day North Korea and China.  That is to presume, however, that everyone in prison is guilty; and, if they are, that the crimes which have sent them there really constitute offenses worthy of prison sentences.   America has the world’s largest prison population and the highest incarceration rate precisely because nearly everything is a jail-time crime, and there is money to be made by the growing corporate prison system.  The War on Drugs alone has led to a disproportionate number of inmates for non-violent offenses among the already 2.4 million in jail and the 5 million on probation.  With the economy imploding, even debtors prisons have made a comeback.  Although FEMA camps are still relegated to fringe conspiracy theory, we should be wary of the potential endgame for such a proven system of oppression.  Through Continuity of Government, national emergency directives would openly suspend the Constitution and could possibly lead once again to internment camps in America.

10. Control over all communications (propaganda):  Once the physical framework of dictatorial control has been set up, then the justification for its continued presence can commence.  The type of high-tech control grid now put into place in The United States to this point has only been explored in works of fiction such as 1984, which has led Paul Craig Roberts to draw a correct parallel.  A public emergency announcement system has in fact been in place since the ’50s, whereby the president can interrupt television and radio to deliver critical messages.  However, this has been recently expanded as the FCC voted to mandate (PDF) “the first-ever Presidential alert to be aired across the United States on the Nation’s Emergency Alert System (EAS),”   Now, with the arrival of the trackable smartphone that can be hijacked to bring government messages (emergency or not) we find ourselves “willing” participants in a scenario reaching far beyond 1984.  Using the bin Laden assassination and the threat of guaranteed reprisal, the government has announced that the president will break into these private networks to carry PLAN government messages and warnings; and there is no opt-out. At the same time, we have seen the buildup in rhetoric leading toward Internet control.  As always, an unsavory element of society (pirating) has been used as one of the pretexts to introduce government control over private industry, while cybersecurity lays claim to total control over the infrastructure for national emergencies.  Ideologically, Obama advisor, Cass Sunstein, has proposed a fairness doctrine for the Internet that would enable a government overlay on private websites that would offer counter opinions to anti-establishment content.  We are approaching a situation worse than China, where both mental intrusion via propaganda and physical intrusion via systems control are merging.  It is not comforting to know, also, that the president made a shocking claim recently that he can censor unclassified documents.  There is clearly a concerted effort to take over all forms of information, permitting the government to alter it or censor it before consumption by its citizens.  In any other country we would call this a dictatorship.

It would appear that the United States should be a called a dictatorship based on the above criteria. Once the atmosphere is established, average participants need not be part of a conspiracy, as they tend to unquestioningly go with the flow.  However, we must acknowledge that the U.S. is in a vastly different position than totalitarian regimes of the past, as well as her contemporaries. America has a history that is built upon the foundation of resistance to dictators.  This memory needs to be invoked by following the protections outlined in our founding documents, particularly the power of the states to resist Federal tyranny.  The protections therein can be restored once we have the courage to admit how much freedom we have lost, then refuse to succumb to a fear-based perception of reality.  Only then will Liberty, Love and Peace prevail!’

Ex-French-first lady: Sarkozy baby news wonderful (AP) [ The big question swirling around Europe, ‘Who’s the papa?’. ]

Diana film causes stir at Cannes “Unlawful Killing” has a combination of celebrity, controversy and canny hype-mongering. (Washington Post) [ Let’s not kid ourselves … and, Dodi Fayed’s father was no dope and knew the score. Indeed, it’s not coincidental that William’s the over-riding favorite of granny Liz II; after all, Harry’s the bastard son of Hewitt (don’t buy into their DNA proffer which they did buy – you know, that ‘bloodline thing’). Moreover, it was reported that Diana had another ‘potential challenger in the oven’ at the time of her death and we all know how dicey such english affairs of state can be (ie., Henry VIII, Richard III, etc.). Then there’s the contempt of Diana for having brought the son of her bosom, Chas, down. Do I think she said flat out ‘kill Diana’. No … more of a ‘do what’s necessary’ to mi6 et als. Ultimately, William will require some substantial therapy to sort out this looming conflict. After all, Diana was his mother. Drudgereport: British woman decapitated in grocery store; killer flees with head... Cannes: Diana doc slams UK royals as 'gangsters'... Though having but 5% of the world’s population, u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg . Defacto bankrupt, fraudulent america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:

CRIME STATISTICS >(america is No. 1).

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

Financialization and Our Increasingly Unstable Economy Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billiions from the fraud ). UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.

Selling In May Is Very Good Advice This Year Harding Stocks slip after three-day rally (Washington Post) [ Top 3 Reasons Markets Tanked with Oil WSCS…

1) Commodities and Oil got slaughtered. .. widening trade gap.

2) Insiders finally getting busted.. but what about what large banks, investment banks, and mortgage companies did to the US economy…these insider trading cases are basically sideshows…

Fed official calls for vigilance (WP) [ Who’s still buying their b***s***! Much higher prices / inflation’s already here. 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline’ ] States face shortfall for retirees (WP) (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast turmoil to obfuscate their failure. Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come! America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Bernanke prepares to make history (WP) [ He already has! $6 gas acomin’.. hyperinflation as predicted well on the way from over-printing of fiat paper currency by fed as predicted, etc., Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic performance of the past ten years, equity valuations are the 2nd largest bubble in U.S. history... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued according to this valuation metric. The only time the markets have been more overvalued was a few brief months in 1929 and the tech bubble

... growth in earnings have been artificially manufactured...

· The change in accounting rules for the financial sector by FASB has generated massive “false” account profits beginning in 2009…’

Pension plan draws ire of workers Proposal to raise payroll deductions of federal workers could make public sector work less attractive.
Diary: Federal workers are raising the roof Treasury to tap pensions to fund government (Washington Post) [ Most people thought this to be beyond the realm of possibility; yet, it’s happening and far worse is yet to come, their desperation being seen in so many ways. As far as public sector ‘work’ being less attractive, let’s not forget the fact that these non-productive, over-paid, over-valued public employees, like those of the u.s. postal service, are otherwise unemployable, and as such, tend to favor party-campaign benefactors as, ie., fraudulent wall street, etc.. Market's Risk/Reward Ratio Remains Poor McCurdy ‘The S&P 500 index has been in a secular bear market since 2000 and our Secular Trend Score (STS) indicates that we remain in the middle stage of its development :

http://static.seekingalpha.com/uploads/2011/5/14/668911-130540693393499-Erik-McCurdy_origin.png

…

..Butler|Philbrick & Associates conducted a study that combined the Shiller CAPE ratio, the Q-Ratio, long-term price deviations and total return trends. The following graph from DShort.com displays 15-year actual stock market returns and projected returns since 1900 ..

http://static.seekingalpha.com/uploads/2011/5/14/668911-13054033822883-Erik-McCurdy.png

With a couple of notable exceptions, actual returns have tracked projected returns almost exactly during the past 110 years. .. this model projects that stocks will return -0.5% during the next 10 years and 0.6% during the next 15 years.. stocks are likely to produce no gains for the next 15 years. .. However, the fact remains that stocks are priced to deliver historically poor returns as investment vehicles for the foreseeable future.

While valuation-based forecasting models project a poor long-term outlook, chart analysis and internal data also suggest that the stock market has entered a period of heightened risk from an intermediate-term perspective. ..

http://static.seekingalpha.com/uploads/2011/5/14/668911-130540340946043-Erik-McCurdy.png

The rally is now 26 months old and cyclical bulls that occur during secular bears..

http://static.seekingalpha.com/uploads/2011/5/14/668911-130540342919514-Erik-McCurdy_origin.png

http://static.seekingalpha.com/uploads/2011/5/14/668911-130540344803643-Erik-McCurdy_origin.png

http://static.seekingalpha.com/uploads/2011/5/14/668911-13054034630148-Erik-McCurdy_origin.png

http://static.seekingalpha.com/uploads/2011/5/14/668911-13054034630148-Erik-McCurdy.png

Finally, our sentiment score recently declined to the lowest level since late 2007, reflecting an excessive amount of bullish sentiment that leaves the stock market vulnerable to an abrupt, violent decline.

http://static.seekingalpha.com/uploads/2011/5/14/668911-130540347838945-Erik-McCurdy_origin.png

Lawmakers rebuff restitution (Washington Post) Investors in an alleged Ponzi scheme say their pleas for reimbursement fall on deaf ears. ‘While Allen Stanford was flying high, he and his colleagues spent more than $10 million on campaign contributions and lobbying payments to curry favor in Washington. But all that money was diverted from investors in what authorities have called an elaborate Ponzi scheme, second only to Bernard Madoff’s in U.S. history, according to court documents…’ [ No surprise here from the accomplices / facilitators of frauds such as this which are plentiful in pervasively corrupt, defacto bankrupt america.

A storm gathers over equities markets (Reuters) Stock Market: 4 Current Warning Signs Navin ‘…

1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart.

2) Professor Shiller at Yale figures that the present price-to-earnings ratio for the Standard & Poor’s 500 is in the area of 26.  The historical average is about 16.  

3) The failure of the financial sector to keep up is a significant negative divergence for the entire market.  

4) Key market leaders are rolling over in price... ‘

Market's Risk/Reward Ratio Remains Poor McCurdy ‘The S&P 500 index has been in a secular bear market since 2000 and our Secular Trend Score (STS) indicates that we remain in the middle stage of its development (click to enlarge images):

http://static.seekingalpha.com/uploads/2011/5/14/668911-130540693393499-Erik-McCurdy_origin.png

This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away! …

America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog | It’s now mainstream news that none of the big financial criminals have been prosecuted. This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar

Selling In May Is Very Good Advice This Year Harding 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline’ ] States face shortfall for retirees (WP) (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed. Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come! America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows

Study: $2 trillion for infrastructure U.S. is falling dramatically behind in rebuilding and expanding its transportation network, study says. (Washington Post) [ As if that was all pervasively corrupt, defacto bankrupt america was falling behind in. Moreover, even the simplistic answer, ‘you can’t spend what you don’t have’, is regrettably inapposite. The problem is, defacto bankrupt america is spending what it doesn’t really have. More importantly, pervasively corrupt america is spending what it doesn’t really have on war, and such other manipulations as fraudulent wall street, most of which is immediately or ultimately a net negative in real economic terms. Davis ‘This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ . … Osama bin Laden: A dead nemesis perpetuated by the US government ... 5-1-11 / U.S. intelligence is that bin Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php

ON MAY 1, 2011, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST.

Bin Laden's voice was detected regularly until [12-14-01] by intelligence operatives monitoring radio transmissions in Tora Bora, according to the Pentagon [details]. Since then, nothing has been heard from the al-Qa'eda leader ..[Telegraph, 12/28/2001]

Osama bin Laden: A dead nemesis perpetuated by the US government

Osama bin Laden is dead. The news first came from sources in Afghanistan and Pakistan almost 6 mos ago: the fugitive died in December [2001] and was buried in the mountains of southeast Afghanistan. Pakistan's president, Pervez Musharraf, echoed the information. ..

..Osama bin Laden would not have.. remained silent for so long if he were still alive. He always liked to take credit even for things he had nothing to do with …[NYT 7-11-02]

FOX News Report: Bin Laden Already Dead

Dionne: Why did the media fall for Trump? (Washington Post) [ In addition to being a mobster, trump was / is always a joke and a certifiable mental case. The real question is why the media continues to fall for wobama. SEC urged to ease fundraising rules (Washington Post) [ REDUNDANT! I mean come on! Any more ‘easing’ and we’d be in negative territory where they actually reward you for breaking the rules which is currently the reality in pervasively corrupt, defacto bankrupt, meaningfully lawless america. Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billiions from the fraud ). UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.

‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

Defacto bankrupt, fraudulent america also spends more on military spending than all the nations of the world combined... federal employees / contractors, cia, all 3 branches of the u.s. government, etc., are included in this evolved american trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ). That perverse field of dreams I’ve previously alluded to, the american nightmare, if you build / contrive war, they will come. And, they do; seals of them (among others); and when their ‘tours’ are done, it’s murder inc./contract killing for hire that they’ve won (cia, mob, etc.). The 20th century, the ‘bloodiest century’, not coincidentally referred to as the american century, brings longings of nostalgia to american criminals who, like Pavlov’s dogs salivate at the prospect of killing, raping, pillaging, and plundering which primitive mindset they have mistakenly been conditioned to connect to their now irretrievably lost success as a nation state; and to the contrary, has become globally and domestically self-destructive / self-defeating. The entire 911 / Bin Laden scenario just doesn’t pass the smell test and reeks of political desperation and Orwellian opportunism.

U.S. speeds up direct talks with Taliban Officials say they hope the negotiations, initiated several months ago, will enable President Obama to report progress in ending the Afghan war when he announces troop withdrawals in July. (Washington Post) [ Well, no biggy … after all, they’ve been reporting and will continue reporting ‘progress’ regardless of the reality and prospectively why should we expect the truth, particularly in this so called election cycle. Even MSNBC’s Chris Matthews Admits the CIA is Engaging in “Psy-Ops” With The Bin Laden Raid Youtube

Bin Laden’s “One Million Page Cache” Will Be Used To Legitimize Official 9/11 Fable Paul Watson | The White House claims it has recovered one million pages of data from the Bin Laden compound.

That’s exactly what they want … for the benefit of the military industrial complex that has steadily drained the dwindling resourses of this country to defacto bankruptcy.

Editorial: Bin Laden raid no vindication of torture (Washington Post) [ While I don’t disagree with this Editorial, I do disagree with the premise; viz., that they truly sought to prevent that ultimate ‘pearl harbor event’, to ratchet up the war spending / military industrial complex welfare plan with broad based enthusiasm / support. Even war-monger mccain supports this which also finds support in international law, treaties, conventions.I can only wonder what the presence of substantially underrated President General Eisenhower would have meant, and truly believe this entire debacle and the nation’s decline would have been avoided. “All In All It Appears That Eisenhower’s Worst Fears Have Been Realized And His Remarkable And Unique Warnings Given For Naught” [ I personally believe, and the factual, historical realities support that President General Eisenhower is without question the most under-rated president in america’s short-lived history. Is there anyone who foolishly would believe this man (Ike) of honor, the quintessential General / Commander in Chief would be sacrificing lives (american among many others) and treasury for the sake of war profiteers, greed, fraud, etc., as now? ] President Eisenhower’s warned us about the growing threat from the military-industrial complex – and it’s threat to our prosperity – 50 years ago. Eisenhower’s Worst Fears Have Been Realized Washington’s Blog | All in all it appears that Eisenhower’s worst fears have been realized and his remarkable and unique warnings given for naught. ….. Indeed, 911 itself; that ‘pearl harbor event’ so sought by the neo-cons / war mongers still defies explanation (ie., the ‘stand-down order’, symmetrical implosions, foreknowledge by some {who conveniently ‘missed the party’ that day}, etc.. Some links, echoing the disbelief akin to the ‘Jessica Lynch’, Tillman, etc., affairs follow. People must realize that though having but 5% of the world’s population, america can boast 76% of the world’s serial killers and the highest crime rates in the world by far. That perverse field of dreams I’ve previously alluded to, the american nightmare, if you build / contrive war, they will come. And, they do; seals of them (among others); and when their ‘tours’ are done, it’s murder inc./contract killing for hire that they’ve won (cia, mob, etc.). The 20th century, the ‘bloodiest century’, not coincidentally referred to as the american century, brings longings of nostalgia to american criminals who, like Pavlov’s dogs salivate at the prospect of killing, raping, pillaging, and plundering which primitive mindset they have mistakenly been conditioned to connect to their now irretrievably lost success as a nation state; and, to the contrary, has become globally and domestically self-destructive / self-defeating. The entire 911 / Bin Laden scenario just doesn’t pass the smell test and reeks of political desperation and Orwellian opportunism.

Ludicrous Bin Laden “Porno” Claim Harks Back To CIA Fakery Paul Joseph Watson | Spooks admitted creating hoax videotapes of Osama talking about having sex with boys. [ Yeah! This is becoming preposterous and it’s quite amazing that anyone’s believing anything they say. Next thing you know, they’ll be saying beyond the porn stash, Bin Laden was a closet Christian. Osama bin Laden: A dead nemesis perpetuated by the US government ... May 1, 2011 ... U.S. intelligence is that bin Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php

ON MAY 1, 2011, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST… [ infra, for article text ]]

FLASHBACK: Editorial: US in quagmire Seeing the warm welcome extended to the Afghan president on his US trip, it is hard to believe that only weeks ago Washington was seething with anger and frustration at Hamid Karzai’s behavior and there were even dark mutterings by US officials that he might be mad.

War in Afghanistan and Iraq costs America $1trillion From the Old | On May 30th at 10:06 the United States reached the point where they have spent $1trillion on the wars in Afghanistan and Iraq.      

A storm gathers over equities markets (Reuters) Wall Street's second weekly fall raises fear of retreat (Reuters) Reuters - Stocks ended a second week of losses on a down note Friday, reflecting growing worries that stocks are on the precipice of a pullback. [ Fear? Worries? How ‘bout realities … the ones the insiders already know … Navin (see infra) ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart…’ ]

Osama bin Laden: A dead nemesis perpetuated by the US government ... May 1, 2011 ... U.S. intelligence is that bin Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php

ON MAY 1, 2011, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST… [ See the National / World section, infra, for article text ]

Stock Market: 4 Current Warning Signs Navin ‘No one indicator by itself can be trusted.  Many indicators taken as whole, however, can offer valuable guidance when a clear pattern develops. Right now, that guidance appears to warn about current conditions.

1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart.

2) Professor Shiller at Yale figures that the present price-to-earnings ratio for the Standard & Poor’s 500 is in the area of 26.  The historical average is about 16.  Although p/e’s can remain elevated for longer than you would imagine, reversion to the mean eventually takes place.  Such a reversion would knock off almost 40% of current price.  From today’s level, that would put the S&P 500 at about 800.   Some shake their heads when I mention this, but it wasn’t too many months ago that we just broke above that.

3) The failure of the financial sector to keep up is a significant negative divergence for the entire market.  Tom Aspray’s charts demonstrate the unfortunate price patterns of some big banks.  I’ve mentioned this as well, previously. It’s hard to imagine how much further a rally can go without support from financials.

4) Key market leaders are rolling over in price.  Take a look at Google (GOOG), one of the hottest stocks going in the recent rally.  It appears to have peaked in January and is unable to set new highs even as the S&P continued upward. GOOG’s 50-day moving average has turned downward and has crossed below the 200-day moving average.  This is a significant change of trend. ‘

AIG to sell Treasury shares The government soon will begin unloading its 92.1 percent ownership stake in the bailout company. (Washington Post) [ Who’s the unlucky sucker? Ultimately, a pension fund or two or three, etc., or maybe you or an equally unlucky member of your family. Stock market on a roll despite slowing economic growth, lingering unemployment[Also known as reality! Roll … yes, indeed … everyone’s to get rolled! ] (WP) Dow is up more than 10 percent for 2011, to its highest point in nearly three years. [ Same bubble scenario preceeding last crash (including currency manipulation); yet, far worse this time owing to insurmountable debt and defacto bankruptcy of the nation. Fed Chairman Bernanke does reality TV (WP) [ Except the ‘NO-RECESSION HELICOPTER BEN B.S. BERNANKE’ show is scripted unreality … even with his reduction in estimate for ‘economic growth’, the frauds on wall street still rallied. Bernanke prepares to make history (WP) [ He already has! $6 gas acomin’, $1,508+ gold, $46+ silver, other commodities at record levels, hyperinflation as predicted well on the way from over-printing of fiat paper currency by fed as predicted, etc., Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic performance of the past ten years, equity valuations are the 2nd largest bubble in U.S. history... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued according to this valuation metric. The only time the markets have been more overvalued was a few brief months in 1929 and the tech bubble

... growth in earnings have been artificially manufactured...

· The change in accounting rules for the financial sector by FASB has generated massive “false” account profits beginning in 2009.

· The extended (and then further extended) unemployment benefits have kept an artificially higher demand for consumer consumption. As a result, the US government has artificially subsidized corporate profits.

· The billions saved through “free loading” by homeowners who have defaulted on their mortgages yet maintained their residence, thus living without a mortgage payment.

· The artificially suppressed interest rates...

Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come! 24 Signs Of Economic Decline In America ‘The United States is in the middle of a devastating long-term economic decline’ ] States face shortfall for retirees ]

Getting Defensive in Equities, Aggressive in Fixed Income The Simple Accountant ‘In last week’s outlook we recommended staying with defensive sectors and fixed income, avoiding commodity related stocks, and waiting for a bounce before selling commodities short. Let’s have a look at how those tactics worked, and then try to anticipate what the next week’s trading might look like.

Week in Review

Stocks: The major US indexes were little changed on contracting volume. On Friday the SPX (SPY) closed below the key short term level of 1340, with which it had been flirting for over a week. S&P sector action showed a third consecutive week of defensive rotation as investors moved out of commodity linked stocks and into perceived safety. Healthcare, consumer staples and utilities led the way again, while the shares of companies leveraged to economic expansion fell. Financials were the real laggard, dropping more than 2% on weakness in bank stocks. Although non-bank blue chip stocks like American Express (AXP) and Travelers (TRV) have been solid, the financial sector SPDR (XLF) is now down year to date, and with a meager yield, its total return is none too impressive.

In foreign stock markets, the MSCI EAFE index dropped more than 2% for a second consecutive week on broad weakness in the UK, Europe and Japan, but emerging markets fared a little better thanks to support in Shanghai and strength in smaller Asian markets such as Singapore and Thailand.

Bonds: The run of falling Treasury yields across the curve was finally broken, as bond trading was a mixed bag last week. Rates at the short and long end rose, but fell slightly in the middle. TIPs were marked down a little and corporate issues did nothing much, in either investment grade or junk ratings. All in all, nothing to make us excited except munis, which have been on a nice little run since early April. Some of the European bond markets were a bit more active on the downside, for the obvious reasons, but emerging market bonds posted modest gains.

Commodities: After heavy losses in the previous week, commodities found some bids as bargain hunters came in to buy, but trading was volatile. Gold, silver and oil saw the most action and buying interest, but copper and the grains continued to extended previous losses, with the former breaking the 200 day MA and the latter sitting just above. If you subscribe to the theory that copper prices are a leading indicator for the economy, this is worth noting.

Currencies: The US Dollar index recorded another week of gains, breaking the 50 day MA to finish at 75.78 at Friday’s close. The euro index sold off again but remains above the 140 level for now. The Aussie and Canadian dollars both fell but remain above parity to the greenback at 105.76 and 103.26 respectively. Yen was off slightly.

The Week Ahead

Stocks: With earnings season largely behind us, the market is looking at the macro picture and getting defensive. Even the normally bullish Ken Fisher is quoted by Reuters as saying “expectations for the stock market are a bit on the high side” (contrary to popular belief, Fisher is not a perma-bull and actually makes some good calls on the market). Certainly there are signals that have to give us cause for concern:

• Economic headwinds from high oil prices
• Falling bond yields
• Ongoing weakness of banks
• Few signs of a recovery in residential real estate
• Continued high unemployment
• Political pressure for fiscal consolidation

This is potentially a stagflationary brew, but it has been with us for some time, and stocks have overcome it to this point. Why should it be different now? Ken Fisher hit on the concern: we’ve come a long way since the March 2009 bottom,and many stocks are priced, not for perfection, but for much less forgiving forward growth expectations. Perhaps it should not surprise us that defensive sectors are leading the market, as the broader indexes struggle to make headway.

Last week we said investors need to start adapting to a new market environment which is likely to be more volatile, and would place a premium on stock selection, sector rotation and timing. We detailed some of that movement above in our review of last week: while XLF is down 1% year to date, TRV is up over 12% and AXP more than 16%. To give another example, if you are in stocks through an index vehicle like SPY, you’re up only 6.5%, but XLV is up 14.5% and XLP 9.5%.

It may seem like we are cherry picking results like these in hindsight, but the simple point is this: Whatever method you use, have a plan and hold leading stocks and sectors that are acting well, and sell those that aren't. This is particularly important in tax advantaged accounts. Even if you pick up only 2-3 extra points a year net of expenses this will help to build your portfolio in the long run.

click on all charts to enlarge:
http://static.seekingalpha.com/uploads/2011/5/14/220228-130541053554117-The-Simple-Accountant.png

Bonds: So far so good for bond holders. Our analysis for some time has been that we like what we have bought at attractive yield-on-cost, but it’s getting quite difficult to find reasonable yield for new money at current prices. Among popular bond ETFs, a buyer at last week’s closing price would only get around 2.5% in AGG, 3.2% in TLT and 3.5% in LQD. Not very impressive and difficult to produce an attractive income stream at those rates so, as with equities, we have been forced to adapt to the market environment. My strategy going forward in the fixed income portfolio is going to shift to more active management. We will be adding high yield and preferred securities but with a very strict sell discipline to preserve capital. Sometimes the market just makes you work harder for your money.

http://static.seekingalpha.com/uploads/2011/5/14/220228-130541104590747-The-Simple-Accountant_origin.png

Commodities: We’ve seen a big selloff followed by some developing support in the hottest commodity sectors. My take on this action is that it’s still a short term trader’s market, and since that’s not my style, they can go at it while I stay on the sidelines. For me the real signals are in the industrial metals: aluminum, copper and steel, and in the grains. Those are signaling weakness. On a fundamental level commodities are still expensive, and with signs that near term growth may be slowing, there is room for prices to fall farther. On a longer term macro level, I have little doubt the price trend will be up, which is why my strategy as stated last week is not to short commodities but to look for more attractive prices to go long. We’re not there yet, not even close.

http://static.seekingalpha.com/uploads/2011/5/14/220228-130541126175833-The-Simple-Accountant_origin.png

Currencies: We have a developing rally in the US Dollar index with the close above the 50 day and the recent down trend broken. There is plenty of skepticism but on both a fundamental and a technical basis it seems to me this move could have legs. Fundamentally, I have long been a euro skeptic and see nothing to change my view there - the news only gets worse over time. With China actively draining excess liquidity and the impending end of QE in the US, the commodity currencies are early in an overdue correction. Japan is under pressure to cap the rise in the Yen. With this landscape, we have a reasonable possibility of a 78 - 82 range for the Dollar index this summer.

http://static.seekingalpha.com/uploads/2011/5/14/220228-130541158885356-The-Simple-Accountant_origin.png

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours

Market's Risk/Reward Ratio Remains Poor McCurdy ‘The S&P 500 index has been in a secular bear market since 2000 and our Secular Trend Score (STS) indicates that we remain in the middle stage of its development (click to enlarge images):

http://static.seekingalpha.com/uploads/2011/5/14/668911-130540693393499-Erik-McCurdy_origin.png

The STS has yet to even approach positive territory since the last secular sell signal was issued in late 1999, suggesting that the start of the next secular bull market is still several years away. Highly reliable valuation-based models that forecast future market returns using data such as the Shiller cyclically-adjusted price-to-earnings (CAPE) ratio confirm the long-term outlook provided by our STS.

For example, Adam Butler and Mike Philbrick of Butler|Philbrick & Associates conducted a study that combined the Shiller CAPE ratio, the Q-Ratio, long-term price deviations and total return trends. The following graph from DShort.com displays 15-year actual stock market returns and projected returns since 1900 using the Butler/Philbrick model.

http://static.seekingalpha.com/uploads/2011/5/14/668911-13054033822883-Erik-McCurdy.png

With a couple of notable exceptions, actual returns have tracked projected returns almost exactly during the past 110 years. Currently, this model projects that stocks will return -0.5% during the next 10 years and 0.6% during the next 15 years. In other words, stocks are likely to produce no gains for the next 15 years. Of course, the stock market is likely to go nowhere in an interesting way, experiencing violent advances and declines as the secular bear market moves into the final phase of its development. However, the fact remains that stocks are priced to deliver historically poor returns as investment vehicles for the foreseeable future.

While valuation-based forecasting models project a poor long-term outlook, chart analysis and internal data also suggest that the stock market has entered a period of heightened risk from an intermediate-term perspective. The current cyclical bull market from March 2009 has been an extreme move, resulting in a doubling of the S&P 500 index during the course of 24 months.

http://static.seekingalpha.com/uploads/2011/5/14/668911-130540340946043-Erik-McCurdy.png

The rally is now 26 months old and cyclical bulls that occur during secular bears have an average duration of 33 months. The last cyclical uptrend that followed a market crash occurred in 1974 and had a duration of 23 months, so it would not be unusual for the current advance to terminate during the next few months.

http://static.seekingalpha.com/uploads/2011/5/14/668911-130540342919514-Erik-McCurdy_origin.png

Additionally, market internals continue to negatively diverge from price behavior, indicating that the rally is gradually losing buying support. For example, volume summation continues to hold near recent lows following the sharp decline in February and breadth summation has been moving sideways for the past year.

http://static.seekingalpha.com/uploads/2011/5/14/668911-130540344803643-Erik-McCurdy_origin.png

http://static.seekingalpha.com/uploads/2011/5/14/668911-13054034630148-Erik-McCurdy_origin.png

http://static.seekingalpha.com/uploads/2011/5/14/668911-13054034630148-Erik-McCurdy.png

Finally, our sentiment score recently declined to the lowest level since late 2007, reflecting an excessive amount of bullish sentiment that leaves the stock market vulnerable to an abrupt, violent decline.

http://static.seekingalpha.com/uploads/2011/5/14/668911-130540347838945-Erik-McCurdy_origin.png

Valuation-based forecasting models leave little doubt that stocks are priced to deliver very poor long-term returns and the cyclical bull market from 2009 is an extreme move that will almost certainly be followed by a violent correction. At a current duration of 26 months, the cyclical uptrend has reached the age range within which rallies typically end when they occur during secular bear markets and market internals and sentiment are not supportive of additional gains, so stocks currently offer a poor risk/reward ratio as both investing and trading vehicles.’

Market Outlook: Are We Dealing With Ursa Major or Ursa Minor?

Red Flags Everywhere Nyaradi ‘Red flags are flying everywhere as we travel farther into the “sell in May and go away” period of the year.” We remain in a defensive posture and continue to enjoy unrealized gains in our inverse ETF positions and put options.

On My Radar

Volatility was the name of the game last week and we can expect more ahead as we enter the seasonally difficult “worst six months of the year” according to the “sell in May and go away” slogan.

The View From 35,000 Feet

Lots of exciting things are going on around us as we head into late spring.

Here’s just a quick executive summary with my thoughts in parenthesis:

1. United States will reach its debt ceiling limit on Monday. (This one is making markets really nervous as witnessed by Friday’s action.) Everyone expects Congress to raise the ceiling but the Republican and Tea Party insistence on meaningful budget cuts first puts an unusual level of stress on this round of talks and turns it into a very high stakes game of chicken.

2. On Friday it was announced that Medicare and Social Security are in worse shape than previously thought and will be unable to cover their current obligations earlier than expected. Medicare is expected to be out of money by 2024, five years earlier than expected, Social Security will exhaust its trust by 2036 and the disability insurance program will be underwater by 2018. (No surprises here and this ties back to item #1 as it’s going to get ugly no matter what Congress does or doesn’t do.)

3. The commodity selloff continues as the dollar gains. (Much of the recent rally in commodities and equities was fueled by the Fed easy money policy and weaker dollar. With QE2 coming to an end and a possibly stronger dollar ahead, this could be a game changer for “buy the dip” strategies in both asset classes.)

4. There has been a significant rotation into “defensive” sectors like utilities and consumer stocks. (This typically indicates money leaving “risk” assets and often portends market declines)

As I mentioned at the outset, “sell in May” is a proven, valid slogan because statistically the months from the end of October through the end of April, are in fact the best months of the year for investing while the six months from May through October are the “worst.”

One of the best sources of information on this subject comes from my friend, Jeffrey Hirsch, at “Stock Trader’s Almanac” where he has developed a trading indicator based on this seasonality and the historical returns it has generated.

Let’s take a look at some of “Stock Traders Almanac’s” findings:

• On a historical basis, the research indicates that the market generates better rates of return from November through April than from May through October. And the difference is significant.
• Over a 60 year period, if you had invested on May 1st and closed your position at the end of October, you would have lost money. On the other hand, if you had invested only in the “six good months” you would have made money over the same time.
• A $10,000 investment in 1950 invested during the “best six months” of the year would have grown to approximately $500,000 today while a $10,000 investment in the worst six months (May through October) would have lost money and so the best six months yielded a 7.4% annual gain compared to a loss in the worst six months.
• If you invested in just the six good months of the year, you would have beaten the overall return of the major indexes while having been invested for only half the time, thereby reducing your market risk and freeing up your assets to earn interest in low risk money market or Treasury investments.

Finally for the week, one of the most sobering reports that received wide coverage in the blogosphere and mainstream media was the announcement by well known and widely respected analyst Jeremy Grantham who said that the market is currently 40% overvalued which would relate to 920 on the S&P 500 and that the current environment was too high risk for a prudent investor.

Weekly Developments:

Positive: Initial unemployment claims declined, continuing claims were mostly flat, and Michigan Consumer Sentiment rose to 72.4 from 69.8

Negative: Consumer prices and producer prices both rose substantially, indicating that inflation might be coming back more into the picture (we have been expecting this for sometime) and retail sales, although posting a gain, came in lower than the previous month’s report and below expectations, indicating ongoing weakness in the all important consumer sector.

What This All Means To You

What this means to us is that risk is running high in the markets and the chance of a significant correction is relatively high for the period between here and Halloween. Fundamentals continue to weaken and technical indicators are flashing red. The reduction of support by Dr. Bernanke and his colleagues at the Fed is a major factor going forward from here and could yield significant volatility and downward pressure in equities and commodities.

The Week Ahead

Major Issues/Themes: Lots of important economic reports will come our way this week and be potential market movers, but the big thing to pay attention to is what happens in Congress with the budget negotiations and how markets respond to those talks and Treasury Secretary Geithner’s “extraordinary” measures to keep the U.S. from default between now and the early August drop dead date.

Monday: May Housing Market Index,

Tuesday: April Housing Starts, April Building Permits, April Industrial Production

Thursday: Initial Unemployment Claims, Continuing Claims, April Existing Home Sales, May Philadelphia Fed, April Leading Indicators

Sector Spotlight

Leaders: (NYSEArca: EPU) Peru, (NYSEArca: IBB) Biotech

Laggards: (NYSEArca: TUR) Turkey, (NYSEArca: EWP) Spain’

This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! Remember: ‘Sell in May and go away! …

America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog | It’s now mainstream news that none of the big financial criminals have been prosecuted. This is the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler ( I quite agree … overvalued to the hilt in this new manipulated bubble … at the least a 'sell in May and go away', but 'don't be mentally ill, sell in April!' ) Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic performance of the past ten years, equity valuations are the 2nd largest bubble in U.S. history... the cause and the potential ramifications of this are astounding. . According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued according to this valuation metric. The only time the markets have been more overvalued was a few brief months in 1929 and the tech bubble. [chart http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png ]

Exhibit 2: The Q ratio, which measures total market value compared to its replacement cost.

The Q-ratio data in the chart below dates back to 1900. According to the data, the markets have now surpassed the 1929 peak valuation by over 8%.

[chart http://static.seekingalpha.com/uploads/2011/4/12/saupload_q_ratio_thumb1.png ]

… bubbles turn a believable story/trend into an overvaluation. In the 1700s during the South Sea Bubble...Railroading prospects induced a bubble in the late 1800s ... In the 1920s, a bubble … A similar life-changing invention – the Internet – swept the attention of investors in the 1990s ...

What is the story today? The prospect of inflation? High unemployment?

Exhibit 3: The gap between projected 12-month earnings against the 10-year average

... the market is stretching this reversion greater than 2000 and 2007!

[chart http://static.seekingalpha.com/uploads/2011/4/12/saupload_gap_between_12_month_average_thumb1.png ]

... growth in earnings have been artificially manufactured...

· The change in accounting rules for the financial sector by FASB has generated massive “false” account profits beginning in 2009.

· The extended (and then further extended) unemployment benefits have kept an artificially higher demand for consumer consumption. As a result, the US government has artificially subsidized corporate profits.

· The billions saved through “free loading” by homeowners who have defaulted on their mortgages yet maintained their residence, thus living without a mortgage payment.

· The artificially suppressed interest rates.

So, not only do we have a valuation bubble, but the earnings on which the projections are based are non-sustaining... same overvaluation situation as a few years ago … nothing fixed ...'

Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ .

Zimbabwe Says Days Of The US Dollar Are Numbered, Pushes For Gold-Backed Local Currency [ When you reach the point when classic Weimar-zimbabwe-land though kindred ‘wobama the b’ (for b***s***) spirit jive-talkers can legitimately and correctly say the dollar’s done, you know you’ve reached the bottom, marking the end of the once great, now pervasively corrupt, fallen, and defacto bankrupt america. ] Topping off a weekend of surreal news is the announcement from the Central Bank of Zimbabwe that the country is now evaluating introducing a gold-backed Zimbabwean dollar, and, in keeping with the Salvador Dali feel to the past 48 hours, that the “days of the US dollar as the world’s reserve currency are numbered.”

D.C. area foreclosures decline The number of homes that entered foreclosure is down by 56 percent. (Washington Post) [ I’d say that’s a direct consequence of the flawed paperwork debacle and being in close geographic proximity to ‘those in d.c.’ who are supposed to be watching these things (the same federal circuit – lots of political pressure). Don’t worry however, there are plenty more to come!

Wall Street's second weekly fall raises fear of retreat (Reuters) Stocks ended a second week of losses on a down note Friday, reflecting growing worries that stocks are on the precipice of a pullback. [ Fear? Worries? How ‘bout realities … the ones the insiders already know … Stock Market: 4 Current Warning Signs Navin ‘No one indicator by itself can be trusted.  Many indicators taken as whole, however, can offer valuable guidance when a clear pattern develops. Right now, that guidance appears to warn about current conditions.

1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart.

2) Professor Shiller at Yale figures that the present price-to-earnings ratio for the Standard & Poor’s 500 is in the area of 26.  The historical average is about 16.  Although p/e’s can remain elevated for longer than you would imagine, reversion to the mean eventually takes place.  Such a reversion would knock off almost 40% of current price.  From today’s level, that would put the S&P 500 at about 800.   Some shake their heads when I mention this, but it wasn’t too many months ago that we just broke above that.

3) The failure of the financial sector to keep up is a significant negative divergence for the entire market.  Tom Aspray’s charts demonstrate the unfortunate price patterns of some big banks.  I’ve mentioned this as well, previously. It’s hard to imagine how much further a rally can go without support from financials.

4) Key market leaders are rolling over in price.   This is a significant change of trend. ‘ Selling In May Is Very Good Advice This Year Harding Stocks slip after three-day rally (Washington Post) [ Top 3 Reasons Markets Tanked with Oil WSCS‘DJI -1.02% SP500 -1.11% Nasdaq -0.93% Gold -0.82% Oil -4.63% at $98.88.  Gold sold off ..Silver lost over 8%.

1) Commodities and Oil got slaughtered. .. widening trade gap.

2) Insiders finally getting busted... 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline’ ] States face shortfall for retirees (WP) (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast turmoil to obfuscate their failure. ]

Pay credit cards or mortgage? (Washington Post) [ How ‘bout none of the above! That’s certainly a coming reality if not already there. Things are far worse than reported and the worst yet to come.] As Americans unload more than $100 billion in debt leftover from the heady days of the economic boom, many households face a daunting question. Wall Street's second weekly fall raises fear of retreat (Reuters) Stocks ended a second week of losses on a down note Friday, reflecting growing worries that stocks are on the precipice of a pullback. [ Fear? Worries? How ‘bout realities … the ones the insiders already know … Navin (see infra) ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart…’ 28 Statistics About The Gutting Of The U.S. Economy That Will Blow Your Mind ‘Red alert! Over 40 billion dollars of America’s national wealth is being shipped out of the country every single month. Our economy is being gutted and we are bleeding wealth and we are bleeding jobs. The American Dream 5-11-11 Red alert! Over 40 billion dollars of America’s national wealth is being shipped out of the country every single month.  Our economy is being gutted and we are bleeding wealth and we are bleeding jobs.  This is a distress call.  Is anyone listening?  Thousands of our factories and millions of our jobs are being shipped overseas.  Over the past decade over 6 trillion dollars have been transferred into the hands of foreigners.  Our national government is so broke that they constantly have to go and beg those foreigners to lend us back some of that money in order to finance our exploding debt. The number of good jobs continues to decline and there are millions upon millions of my countrymen that are unemployed.  Can anybody help us? Mayday! Mayday! Mayday!Sadly, the vast majority of Americans really are dead asleep on this issue... ‘ Selling In May Is Very Good Advice This Year Harding Stocks slip after three-day rally (Washington Post) [ Top 3 Reasons Markets Tanked with Oil

1) Commodities and Oil got slaughtered. .. widening trade gap.

2) Insiders finally getting busted.. but what about what large banks, investment banks, and mortgage companies did to the US economy…these insider trading cases are basically sideshows…

24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline’ ] States face shortfall for retirees (WP) (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast turmoil to obfuscate their failure. ]

Diana film causes stir at Cannes “Unlawful Killing” has a combination of celebrity, controversy and canny hype-mongering. (Washington Post) [ Let’s not kid ourselves … and, Dodi Fayed’s father was no dope and knew the score. Indeed, it’s not coincidental that William’s the over-riding favorite of granny Liz II; after all, Harry’s the bastard son of Hewitt (don’t buy into their DNA proffer which they did buy – you know, that ‘bloodline thing’). Moreover, it was reported that Diana had another ‘potential challenger in the oven’ at the time of her death and we all know how dicey such english affairs of state can be (ie., Henry VIII, Richard III, etc.). Then there’s the contempt of Diana for having brought the son of her bosom, Chas, down. Do I think she said flat out ‘kill Diana’. No … more of a ‘do what’s necessary’ to mi6 et als. Ultimately, William will require some substantial therapy to sort out this looming conflict. After all, Diana was his mother. Drudgereport: British woman decapitated in grocery store; killer flees with head... Cannes: Diana doc slams UK royals as 'gangsters'... Though having but 5% of the world’s population, u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg . Defacto bankrupt, fraudulent america also spends more on military than all the nations of the world combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:

CRIME STATISTICS >(america is No. 1).

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

Financialization and Our Increasingly Unstable Economy Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billiions from the fraud ). UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.

In Greece, austerity and discontent Anarchist movement is resurgent as the nation’s financial woes kindle deep frustration and threaten a breakdown in the rule of law. (Washington Post) [ Coming to a state near you … Greece launches massive fire sale to service growing debt as riot police clash with violent protesters A general strike held today has seen most public services grind to a halt across the country, while thousands marched through Athens to protest against harsh austerity measures. Stock Market: 4 Current Warning Signs Navin ‘No one indicator by itself can be trusted.  Many indicators taken as whole, however, can offer valuable guidance when a clear pattern develops. Right now, that guidance appears to warn about current conditions.

1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart.

2) Professor Shiller at Yale figures that the present price-to-earnings ratio for the Standard & Poor’s 500 is in the area of 26.  The historical average is about 16.  Although p/e’s can remain elevated for longer than you would imagine, reversion to the mean eventually takes place.  Such a reversion would knock off almost 40% of current price.  From today’s level, that would put the S&P 500 at about 800.   Some shake their heads when I mention this, but it wasn’t too many months ago that we just broke above that.

3) The failure of the financial sector to keep up is a significant negative divergence for the entire market.  Tom Aspray’s charts demonstrate the unfortunate price patterns of some big banks.  I’ve mentioned this as well, previously. It’s hard to imagine how much further a rally can go without support from financials.

4) Key market leaders are rolling over in price.  Take a look at Google (GOOG), one of the hottest stocks going in the recent rally.  It appears to have peaked in January and is unable to set new highs even as the S&P continued upward. GOOG’s 50-day moving average has turned downward and has crossed below the 200-day moving average.  This is a significant change of trend. ‘ ]

Pakistan after Bin Laden? NYTimes.com You’re talking about the last decade … Wake up! ( see infra)

Pakistani spy chief apologetic, but defiant (Washington Post) Amid public outrage over the U.S. operation that killed Osama bin Laden, Lt. Gen. Ahmed Shuja Pasha apologizes before Parliament and offers to resign...’ [

Osama bin Laden: A dead nemesis perpetuated by the US government ... May 1, 2011 ... U.S. intelligence is that bin Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php

ON MAY 1, 2011, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST.

Bin Laden's voice was detected regularly until [14 December 2001] by intelligence operatives monitoring radio transmissions in Tora Bora, according to the Pentagon [details]. Since then, nothing has been heard from the al-Qa'eda leader and President Bush has hinted in private that bin Laden's silence could mean he has been killed. [Telegraph, 12/28/2001]

Osama bin Laden: A dead nemesis perpetuated by the US government

Osama bin Laden is dead. The news first came from sources in Afghanistan and Pakistan almost six months ago: the fugitive died in December [2001] and was buried in the mountains of southeast Afghanistan. Pakistan's president, Pervez Musharraf, echoed the information. The remnants of Osama's gang, however, have mostly stayed silent, either to keep Osama's ghost alive or because they have no means of communication.

With an ego the size of Mount Everest, Osama bin Laden would not have, could not have, remained silent for so long if he were still alive. He always liked to take credit even for things he had nothing to do with. Would he remain silent for nine months and not trumpet his own survival? [New York Times. July 11, 2002]

FOX News Report: Bin Laden Already Dead

Usama bin Laden has died a peaceful death due to an untreated lung complication, the Pakistan Observer reported, citing a Taliban leader who allegedly attended the funeral of the Al Qaeda leader.

[Fox News. December 26, 2001]

Bin Laden has often been reported to be in poor health. Some accounts claim that he is suffering from Hepatitis C, and can expect to live for only two more years. According to Le Figaro, last year [2000] he ordered a mobile dialysis machine to be delivered to his base at Kandahar in Afghanistan. [Guardian]

Peter Bergen: Bin Laden has aged 'enormously'

This is a man who was clearly not well. I mean, as you see from these pictures here, he's really, by December [2001] he's looking pretty terrible…’ ]

ECONOMIC CRISIS ARCHIVE

Even MSNBC’s Chris Matthews Admits the CIA is Engaging in “Psy-Ops” With The Bin Laden Raid Youtube | Matthews says that the CIA is using “psy-ops” to put out “little colonels of information” .

Bin Laden’s “One Million Page Cache” Will Be Used To Legitimize Official 9/11 Fable Paul Watson | The White House claims it has recovered one million pages of data from the Bin Laden compound.

Ludicrous Bin Laden “Porno” Claim Harks Back To CIA Fakery Paul Joseph Watson | Spooks admitted creating hoax videotapes of Osama talking about having sex with boys. [ Yeah! This is becoming preposterous and it’s quite amazing that anyone’s believing anything they say. Next thing you know, they’ll be saying beyond the porn stash, Bin Laden was a closet Christian. Osama bin Laden: A dead nemesis perpetuated by the US government ... May 1, 2011 ... U.S. intelligence is that bin Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php

ON MAY 1, 2011, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST… [ infra, for article text ]]

Wall Street's second weekly fall raises fear of retreat (Reuters) Reuters - Stocks ended a second week of losses on a down note Friday, reflecting growing worries that stocks are on the precipice of a pullback. [ Fear? Worries? How ‘bout realities … the ones the insiders already know … Navin (see infra) ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart…’ ]

Osama bin Laden: A dead nemesis perpetuated by the US government ...May 1, 2011 ... U.S. intelligence is that bin Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php

ON MAY 1, 2011, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST… [ See the National / World section, infra, for article text ]

Stock Market: 4 Current Warning Signs Navin ‘No one indicator by itself can be trusted.  Many indicators taken as whole, however, can offer valuable guidance when a clear pattern develops. Right now, that guidance appears to warn about current conditions.

1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart.

2) Professor Shiller at Yale figures that the present price-to-earnings ratio for the Standard & Poor’s 500 is in the area of 26.  The historical average is about 16.  Although p/e’s can remain elevated for longer than you would imagine, reversion to the mean eventually takes place.  Such a reversion would knock off almost 40% of current price.  From today’s level, that would put the S&P 500 at about 800.   Some shake their heads when I mention this, but it wasn’t too many months ago that we just broke above that.

3) The failure of the financial sector to keep up is a significant negative divergence for the entire market.  Tom Aspray’s charts demonstrate the unfortunate price patterns of some big banks.  I’ve mentioned this as well, previously. It’s hard to imagine how much further a rally can go without support from financials.

4) Key market leaders are rolling over in price.  Take a look at Google (GOOG), one of the hottest stocks going in the recent rally.  It appears to have peaked in January and is unable to set new highs even as the S&P continued upward. GOOG’s 50-day moving average has turned downward and has crossed below the 200-day moving average.  This is a significant change of trend. ‘

AIG to sell Treasury shares The government soon will begin unloading its 92.1 percent ownership stake in the bailout company. (Washington Post) [ Who’s the unlucky sucker? Ultimately, a pension fund or two or three, etc., or maybe you or an equally unlucky member of your family. Stock market on a roll despite slowing economic growth, lingering unemployment[Also known as reality! Roll … yes, indeed … everyone’s to get rolled! ] (WP) Dow is up more than 10 percent for 2011, to its highest point in nearly three years. [ Same bubble scenario preceeding last crash (including currency manipulation); yet, far worse this time owing to insurmountable debt and defacto bankruptcy of the nation. Fed Chairman Bernanke does reality TV (WP) [ Except the ‘NO-RECESSION HELICOPTER BEN B.S. BERNANKE’ show is scripted unreality … even with his reduction in estimate for ‘economic growth’, the frauds on wall street still rallied. Bernanke prepares to make history (WP) [ He already has! $6 gas acomin’, $1,508+ gold, $46+ silver, other commodities at record levels, hyperinflation as predicted well on the way from over-printing of fiat paper currency by fed as predicted, etc., Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic performance of the past ten years, equity valuations are the 2nd largest bubble in U.S. history... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued according to this valuation metric. The only time the markets have been more overvalued was a few brief months in 1929 and the tech bubble

... growth in earnings have been artificially manufactured...

· The change in accounting rules for the financial sector by FASB has generated massive “false” account profits beginning in 2009.

· The extended (and then further extended) unemployment benefits have kept an artificially higher demand for consumer consumption. As a result, the US government has artificially subsidized corporate profits.

· The billions saved through “free loading” by homeowners who have defaulted on their mortgages yet maintained their residence, thus living without a mortgage payment.

· The artificially suppressed interest rates...

Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come! 24 Signs Of Economic Decline In America ‘The United States is in the middle of a devastating long-term economic decline’ ] States face shortfall for retirees ]

Top 3 Reasons Markets were Down on Greece Worries and Terrorism

Selling In May Is Very Good Advice This Year Harding Stocks slip after three-day rally (Washington Post) [ Top 3 Reasons Markets Tanked with Oil WSCS‘DJI -1.02% SP500 -1.11% Nasdaq -0.93% Gold -0.82% Oil -4.63% at $98.88.  Gold sold off ..Silver lost over 8%.

1) Commodities and Oil got slaughtered. .. widening trade gap.

2) Insiders finally getting busted.. but what about what large banks, investment banks, and mortgage companies did to the US economy…these insider trading cases are basically sideshows…

Fed official calls for vigilance (WP) [ Who’s still buying their b***s***! Much higher prices / inflation’s already here. 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline’ ] States face shortfall for retirees (WP) (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast turmoil to obfuscate their failure. Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come! America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Bernanke prepares to make history (WP) [ He already has! $6 gas acomin’.. hyperinflation as predicted well on the way from over-printing of fiat paper currency by fed as predicted, etc., Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic performance of the past ten years, equity valuations are the 2nd largest bubble in U.S. history... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued according to this valuation metric. The only time the markets have been more overvalued was a few brief months in 1929 and the tech bubble

... growth in earnings have been artificially manufactured...

· The change in accounting rules for the financial sector by FASB has generated massive “false” account profits beginning in 2009…’

Osama bin Laden: A dead nemesis perpetuated by the US government ...May 1, 2011 ... U.S. intelligence is that bin Laden needs dialysis every 3 days ... http://whatreallyhappened.com/WRHARTICLES/osama_dead.php

ON MAY 1, 2011, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST.

Bin Laden's voice was detected regularly until [14 December 2001] by intelligence operatives monitoring radio transmissions in Tora Bora, according to the Pentagon [details]. Since then, nothing has been heard from the al-Qa'eda leader and President Bush has hinted in private that bin Laden's silence could mean he has been killed. [Telegraph, 12/28/2001]

Osama bin Laden: A dead nemesis perpetuated by the US government

Osama bin Laden is dead. The news first came from sources in Afghanistan and Pakistan almost six months ago: the fugitive died in December [2001] and was buried in the mountains of southeast Afghanistan. Pakistan's president, Pervez Musharraf, echoed the information. The remnants of Osama's gang, however, have mostly stayed silent, either to keep Osama's ghost alive or because they have no means of communication.

With an ego the size of Mount Everest, Osama bin Laden would not have, could not have, remained silent for so long if he were still alive. He always liked to take credit even for things he had nothing to do with. Would he remain silent for nine months and not trumpet his own survival? [New York Times. July 11, 2002]

FOX News Report: Bin Laden Already Dead

Usama bin Laden has died a peaceful death due to an untreated lung complication, the Pakistan Observer reported, citing a Taliban leader who allegedly attended the funeral of the Al Qaeda leader.

[Fox News. December 26, 2001]

Bin Laden has often been reported to be in poor health. Some accounts claim that he is suffering from Hepatitis C, and can expect to live for only two more years. According to Le Figaro, last year [2000] he ordered a mobile dialysis machine to be delivered to his base at Kandahar in Afghanistan. [Guardian]

Peter Bergen: Bin Laden has aged 'enormously'

This is a man who was clearly not well. I mean, as you see from these pictures here, he's really, by December [2001] he's looking pretty terrible.

But by December, of course, that tape that was aired then, he's barely moving the left side of his body. So he's clearly got diabetes. He has low blood pressure. He's got a wound in his foot. He's apparently got dialysis ... for kidney problems. [CNN]

The [December 27, 2001 video] was dismissed by the Bush administration ... as sick propaganda possibly designed to mask the fact the al-Qa'eda leader was already dead. "He could have made the video and then ordered that it be released in the event of his death," said one White House aide. [Telegraph]

Pakistan's Musharraf: Bin Laden probably dead

Pakistan's president says he thinks Osama bin Laden is most likely dead because the suspected terrorist has been unable to get treatment for his kidney disease.

[A Bush administration official] said U.S. intelligence is that bin Laden needs dialysis every three days and "it is fairly obvious that that could be an issue when you are running from place to place, and facing the idea of needing to generate electricity in a mountain hideout." [CNN]

Renal dialysis -- talking about hemodialysis -- is something that really is reserved for patients in end-stage renal failure. That means their kidneys have just completely shut down. The most common cause of something like that would be something like diabetes and hypertension. Once that's happened, if you're separated from your dialysis machine -- and incidentally, dialysis machines require electricity, they're going to require clean water, they're going to require a sterile setting -- infection is a huge risk with that. If you don't have all those things and a functioning dialysis machine, it's unlikely that you'd survive beyond several days or a week at the most. [CNN]

Karzai: bin Laden 'probably' dead

Osama bin Laden is "probably" dead, but former Taliban leader Mullah Omar is alive, Afghan President Hamid Karzai has said. [CNN]

FBI: Bin Laden 'probably' dead

The US Federal Bureau of Investigation's counter-terrorism chief, Dale Watson, says he thinks Osama bin Laden is "probably" dead. [BBC]

Magazine runs what it calls bin Laden's will

The editor-in-chief of a London-based Arab news magazine said a purported will it published Saturday was written late last year [2001] by Osama bin Laden, and shows "he's dying or he's going to die soon." [CNN]

Usama bin Laden has died a peaceful death due to an untreated lung complication, the Pakistan Observer reported, citing a Taliban leader who allegedly attended the funeral of the Al Qaeda leader. "The Coalition troops are engaged in a mad search operation but they would never be able to fulfill their cherished goal of getting Usama alive or dead," the source said. [FOX News]

Translation of Funeral Article in Egyptian Paper:
al-Wafd, Wednesday, December 26, 2001 Vol 15 No 4633

News of Bin Laden's Death and Funeral 10 days ago

A prominent official in the Afghan Taleban movement announced yesterday the death of Osama bin Laden, the chief of al-Qa'da organization, stating that binLaden suffered serious complications in the lungs and died a natural and quiet death. [Welfare State]

Osama bin who?

Israel does not view bin Laden as a threat. [Janes]

Israeli intelligence: Bin Laden is dead, heir has been chosen

Israeli sources said Israel and the United States assess that Bin Laden probably died in the U.S. military campaign in Afghanistan in December. They said the emergence of new messages by Bin Laden are probably fabrications, Middle East Newsline reported. [World Tribune]

[See also The Fake bin Laden Audio Tape]

[See also Benazir Bhutto says Osama is dead.]’

Taliban Attacks Dim U.S. Hopes Bin Laden’s Killing May Hasten Afghan Exit Bloomberg | Bin Laden’s “martyrdom” will give a “new impetus” to the Taliban’s fight. Top Doctor Confirms Bin Laden Had Marfan Syndrome An MSNBC hit piece that attempts to debunk Dr. Steve R. Pieczenik’s assertion that Osama Bin Laden died from Marfan syndrome in 2001 unwittingly provides corroboration from a top Cornell doctor who first made similar statements in an interview with Salon magazine two months after 9/11. Evidence: Bin Laden worked like a crime boss (Washington Post) [ Come on! This is all such total b***s*** at this point at least if not sooner. How totally preposterous! Now we can add that word picture … Vito Corleone of ‘Godfather’ fame’s opening words, ‘I love america’ … What in pervasively corrupt, defacto bankrupt america isn’t operated as a crime syndicate led by a crime boss? Who shot bin Laden? Former SEALs fill in the blanks (WP) [ Well, here I am on the same page as a former navy seal: Jesse Ventura Questions Obama’s Narrative Of Bin Laden Raid Former Navy SEAL and Governor of Minnesota Jesse Ventura has questioned Barack Obama’s official narrative regarding the raid on Osama Bin Laden, telling the Alex Jones Show of his suspicions that Osama died years ago, and expressing disbelief that the man seen flicking between TV channels in the video released by the White House Saturday was actually Bin Laden. [Who is foolish enough to believe anything they say; particularly their scripted, ever-changing, evolving, self-serving accounts belied only by truth / reality as told by those with true courage and integrity; as, for example Jessica Lynch, etc. White House Press Secretary “Floundering Under Pressure” Of Flip-Flopping Bin Laden Fable Staged: White House “Situation Room” Photos Part Of Bin Laden Fable .. No resistance in “cold-blooded” U.S. raid: Pakistan officials The Cost of Bin Laden: $3 Trillion Over 15 Years Bin Had The Growing Coverup: Osama and “The Big Lie” The Obama administration and the corporate media are concocting an ever-more elaborate and spectacular theater around the “heroic” murder of the CIA intelligence myth/CIA asset Osama bin Laden. Red Alert: Government Had Osama bin Laden Frozen for Years Nimmo / Jones | Videos [ I personally believe Osama’s been dead for quite some time. Indeed, for one on dialysis, he otherwise would have been nothing less than a modern day miracle in terms of longevity / mortality rates for those so afflicted, particularly under the ‘stressful’ circumstances involving evading capture, betrayal for money, etc.. His ‘surfacing’ for a ‘talk’ wouldn’t even pass muster in the most rudimentary requirements for ‘proof of life’. The release at this time of the ‘announcement’ is, rather than a victory lap so to speak, but rather a sign of weakness and desperation on the part of america whose global and domestic economic, financial, and geopolitical position is substantially diminished and declining rapidly and whose military industrial complex welfare plan along with the Orwellian diversion of the masses could at best yield but a pyrrhic victory. Moreover, the same comes at a time of systemic failure for pervasively corrupt, defacto bankrupt america. While the ‘announcement’ plays well for the nonce, to the dumb, uninformed back home, the same will galvanize resistance in the name of their now martyr, Osama Bin Laden.] [ Osama bin Laden: A dead nemesis perpetuated by the US government ...May 1, 2011 ... He's apparently got dialysis ... for kidney problems. ... official] said U.S. intelligence is that bin Laden needs dialysis every three days ...
http://www.whatreallyhappened.com/WRHARTICLES/osama_dead.php

Osama bin Laden is dead. The news first came from sources in Afghanistan and Pakistan almost six months ago: the fugitive died in December [2001] and was buried in the mountains of southeast Afghanistan. Pakistan's president, Pervez Musharraf, echoed the information. The remnants of Osama's gang, however, have mostly stayed silent, either to keep Osama's ghost alive or because they have no means of communication. Bin Laden's voice was detected regularly until [14 December 2001] by intelligence operatives monitoring radio transmissions in Tora Bora, according to the Pentagon [details]. Since then, nothing has been heard from the al-Qa'eda leader and President Bush has hinted in private that bin Laden's silence could mean he has been killed. [Telegraph, 12/28/2001]

Pakistan's Musharraf: Bin Laden probably dead

Pakistan's president says he thinks Osama bin Laden is most likely dead because the suspected terrorist has been unable to get treatment for his kidney disease. [A Bush administration official] said U.S. intelligence is that bin Laden needs dialysis every three days and "it is fairly obvious that that could be an issue when you are running from place to place, and facing the idea of needing to generate electricity in a mountain hideout." [CNN]

Karzai: bin Laden 'probably' dead

Osama bin Laden is "probably" dead, but former Taliban leader Mullah Omar is alive, Afghan President Hamid Karzai has said. [CNN]

FBI: Bin Laden 'probably' dead

The US Federal Bureau of Investigation's counter-terrorism chief, Dale Watson, says he thinks Osama bin Laden is "probably" dead. [BBC]

Magazine runs what it calls bin Laden's will

The editor-in-chief of a London-based Arab news magazine said a purported will it published Saturday was written late last year [2001] by Osama bin Laden, and shows "he's dying or he's going to die soon." [CNN]

Usama bin Laden has died a peaceful death due to an untreated lung complication, the Pakistan Observer reported, citing a Taliban leader who allegedly attended the funeral of the Al Qaeda leader. "The Coalition troops are engaged in a mad search operation but they would never be able to fulfill their cherished goal of getting Usama alive or dead," the source said. [FOX News] Renal dialysis -- talking about hemodialysis -- is something that really is reserved for patients in end-stage renal failure. That means their kidneys have just completely shut down. The most common cause of something like that would be something like diabetes and hypertension. Once that's happened, if you're separated from your dialysis machine -- and incidentally, dialysis machines require electricity, they're going to require clean water, they're going to require a sterile setting -- infection is a huge risk with that. If you don't have all those things and a functioning dialysis machine, it's unlikely that you'd survive beyond several days or a week at the most. [CNN] NATO and Afghan raid mistakenly kills young girl, policeman in east Afghanistan http://www.washingtonpost.com/world/nato-and-afghan-raid-mistakenly-kills-young-girl-policeman-in-east-afghanistan/2011/05/12/AF3nKYwG_story.html (Washington Post) [ Yeah! There you go … that new strategy / plan already paying dividends and winning hearts and minds … A push for new Afghan strategy (WP) [ Riiiiight! That umpteenth new strategy / progress thing … pervasively corrupt, defacto bankrupt america can really afford it … Clinton predicts violent spring in Afghanistan (WP) Secretary Clinton on Thursday warned NATO allies not to abandon Afghanistan and predicted a violent spring. [ Well, there you go … something to look forward to … sounds like a plan … you know, that progress thing so touted by gates / petraeus … remind us that these people, particularly innocent civilians, died for no good reason at all. .. america's defacto bankruptcy. 'Alas, poor america … a nation of infinite jest, and unexcellent fancy … and pervasive criminality' …IED casualties in Afghanistan spike (WP) [ Yeah! That progress thing’s a b**ch! What do you expect them to say? That the money spent / diverted to these lucrative for the few war profiteers (360 tons of $100 bills flown into Iraq disappear, etc.) has been worth the defacto bankruptcy of the nation. Drudgereport: Congresswoman calls Afghanistan 'national embarrassment'... 'Epic failure'... Woolsey (D-CA) says Afghanistan war a disaster. "This war represents an epic failure, a national embarrassment and a moral blight," Rep. Woolsey said. [Though broke, they’re still voting for more war across the board.. this war is a blowback-creating, self-perpetuating, self-destructive, self-defeating, colossally expensive debacle benefiting war profiteers / lobbies and frauds while diverting attention from the more ’mundane’ tasks of governance. War on Terror is a Reichstag Fire False Flag Operation Sartre | If you really want justice for the 911 murders, you must face reality and look within your own government for the true terrorists.

Why Does the Terrorist Kingpin Look Better Than He Did in 2001? Washington’s Blog

Bin Laden Hoax….The Rest Of The Story Cartalucci .. examination of mainstream media’s headlines and interviews with the CIA director himself calls into question the official narrative.

Hoax: White House Claims 4-Year-Old Bin Laden Video Is New Footage

Then, of course, there’s also: that ‘pearl harbor event’ so sought by the neo-cons / war mongers still defies explanation (ie., the ‘stand-down order’, symmetrical implosions, foreknowledge by some {who conveniently ‘missed the party’ that day}, etc.. Some links, echoing the unbelief akin to the ‘Jessica Lynch’, Tillman, etc., affairs follow. People must realize that though having but 5% of the world’s population, america can boast 76% of the world’s serial killers, and the highest crime rates in the world by far. ]

Ludicrous Bin Laden “Porno” Claim Harks Back To CIA Fakery Paul Joseph Watson | Spooks admitted creating hoax videotapes of Osama talking about having sex with boys.

We Are Change Confront Bankster Ben Bernanke Infowars.com | Federal Reserve boss Bernanke was not amused.

Globalists begin breakup of The United States TheAlexJonesChannel | Alex exposes how the Baja Arizona movement to split into a 51st state would balkanize the region for easy control.

Ron Paul Announces Presidential Run Jay Root | Paul made his announcement in an interview on ABC’s “Good Morning America” from New Hampshire.

Government Claims Osama Wanted to Kill Obama Kurt Nimmo | More propaganda designed to distract from the fact the government’s story is falling apart.

Ludicrous Bin Laden “Porno” Claim Harks Back To CIA Fakery The US government must be quite disappointed with the fact that Islamic extremists have yet to attack the United States in “retaliation” for allegedly killing Bin Laden, because they seem to be doing everything in their power to rile up terrorists – this time with the claim that a significant stash of pornography was found in Bin Laden’s compound.

Teacher Told 11-Year-Old Drawing Of American Flag Would “Offend” Other Students The family of Frankie Girard is claiming that their son’s civil rights were violated after a teacher allegedly told him that hanging his picture of the American flag would offend another student.

Gaddafi most likely wounded, left Tripoli: Italy Libyan leader Muammar Gaddafi has very likely left the capital Tripoli and has most likely been wounded, Italian Foreign Minister Franco Frattini said Friday.

New Film Shows Diana “Very Much Alive” After Car Crash “It is included as evidence, because it shows clearly that, although Diana had been injured in the crash, she was alert and very much alive. I repeat: it is not a picture of a dying woman.”

‘Libyans die as Obama mocks laws, makes pals with rebels’ NATO maintains it’s not trying to kill Gaddafi – something the Libyan rebels are calling for. A top rebel official is in Washington for talks with the U.S. administration on more support, and possible recognition. British anti-war activist Kate Hudson thinks the coalition’s policy is making a mockery of international law.

Texas House Bans TSA Grope Downs The Texas House passed a bill late Thursday night that would make it a criminal offense for public servants to inappropriately touch travelers during airport security pat-downs.

Government Claims Osama Wanted to Kill Obama According to ABC News, the U.S. discovered a plot to kill Obama in the million or so pages supposedly taken from Osama’s mansion in Pakistan.

Libyan Group Associated with al-Qaeda Meets Obama Officials The head of the National Transitional Council’s executive bureau, Mahmoud Jebril, met with Tom Donilon, Obama’s national security adviser, and other senior officials, the White House said in a statement, Reuters reports today.

Japan to Cover Damaged Nuclear Reactors with Giant Tents Giant polyester covers will soon be placed around the damaged reactor buildings at Japan’s Fukushima nuclear complex to help contain the release of radioactive substances into the atmosphere, the plant operator said Friday.

Narrative Behind Bin Laden Fable Flip-Flops AGAIN You have to wonder what on earth the Obama administration hopes to achieve by continually insulting the intelligence of the American people, after the official narrative behind the alleged Bin Laden raid was changed yet again, presumably in a desperate effort to counter the revelation that the White House “situation room” photos were staged.

Yes, They Lied; Yes, a Million Died; and Yes, They Want It To Go On That’s why the Peace Laureate/Holy Hit Man in the White House has his Pentagon warlord pushing and pushing to keep American troops in Iraq — forever, if possible.

The Death Of Bin Laden; The Death Of America The thing that benefits the most from this raid is America’s emerging police state, which is now strategically positioned to take another giant leap forward.

Jury convicts Ohio mom in baby's microwave death (AP) - AP - Jurors in an Ohio woman's third trial found her guilty Friday of killing her baby daughter by cooking her in a microwave oven. [ True americana! People must realize that though having but 5% of the world’s population, america can boast 76% of the world’s serial killers and the highest crime rates in the world by far. [ america’s #1, england’s #2 Cannes: Diana doc slams UK royals as 'gangsters'... ] http://www.albertpeia.com/realifeamericaserialkillers.mpg SEC urged to ease fundraising rules (Washington Post) [ REDUNDANT! I mean come on! Any more ‘easing’ and we’d be in negative territory where they actually reward you for breaking the rules which is currently the reality in pervasively corrupt, defacto bankrupt, meaningfully lawless america. Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billiions from the fraud ). UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.

‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

Defacto bankrupt, fraudulent america also spends more on military spending than all the nations of the world combined... federal employees / contractors, cia, all 3 branches of the u.s. government, etc., are included in this evolved american trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ). That perverse field of dreams I’ve previously alluded to, the american nightmare, if you build / contrive war, they will come. And, they do; seals of them (among others); and when their ‘tours’ are done, it’s murder inc./contract killing for hire that they’ve won (cia, mob, etc.). The 20th century, the ‘bloodiest century’, not coincidentally referred to as the american century, brings longings of nostalgia to american criminals who, like Pavlov’s dogs salivate at the prospect of killing, raping, pillaging, and plundering which primitive mindset they have mistakenly been conditioned to connect to their now irretrievably lost success as a nation state; and to the contrary, has become globally and domestically self-destructive / self-defeating. The entire 911 / Bin Laden scenario just doesn’t pass the smell test and reeks of political desperation and Orwellian opportunism.

Preet Bharara, ‘sheriff of Wall Street’ The U.S. attorney in Manhattan has ramped up white collar enforcement in his 21-month-old tenure. (Washington Post) [ I still say: ‘Where’s the beef … you know, the big boys, ie., goldman et als … Raj Rajaratnam Found Guilty On All Counts [ I share the following sentiments from Wall St Cheat Sheet: ‘…2) Insiders are finally getting busted. Although the media loves the Raj Rajaratnam trial and his guilty on all 14 counts, who really gives a s*** compared with what large banks, investment banks, and mortgage companies did to the US economy. So long as the Dick Fulds of the world are sipping champagne in Capri, Italy, these insider trading cases are basically sideshows…’ ] SEC urged to ease fundraising rules (Washington Post) [ REDUNDANT! I mean come on! Any more ‘easing’ and we’d be in negative territory where they actually reward you for breaking the rules which is currently the reality in pervasively corrupt, defacto bankrupt, meaningfully lawless america. Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billiions from the fraud ). UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.

‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

People must realize that though having but 5% of the world’s population, america can boast 76% of the world’s serial killers and the highest crime rates in the world by far. http://www.albertpeia.com/realifeamericaserialkillers.mpg . Defacto bankrupt, fraudulent america also spends more on military spending than all the nations of the world combined... federal employees / contractors, cia, all 3 branches of the u.s. government, etc., are included in this evolved american trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ).

U.S. to raise fuel efficiency standards Over the next few months, regulators are scheduled to set the next round of fuel standards for automakers. Among the proposals under consideration is one that would lift average fuel economy under the law to as much as 62 mpg by 2025. (Washington Post) [ Well, there you go … problem solved … and the auto cos can really afford the retooling costs … I can’t remember how many times I heard reference to such legislative mandates … have they been in effect … have they changed … have they worked? Look at How Producer Prices Continue Getting More Expensive Wall St. Cheat Sheet [This spells big trouble affecting corporate earnings (some costs can’t be passed on without decreasing sales) and disposable income / consumer spending. ] Weekly Unemployment Claims Still Above This Scary Level WSCS Short ‘The Department of Labor’s Unemployment Insurance Weekly Claims Report was released this morning for last week. Claims fell 44,000 from a 4,000 upward revision of the previous week, which takes the number back to approximately the level prior to last week’s blip. Here is the official statement from the Department of Labor:In the week ending May 7, the advance figure for seasonally adjusted initial claims was 434,000, a decrease of 44,000 from the previous week’s revised figure of 478,000. The 4-week moving average was 436,750, an increase of 4,500 from the previous week’s revised average of 432,250. The advance seasonally adjusted insured unemployment rate was 3.0 percent for the week ending April 30, unchanged from the prior week’s unrevised rate of 3.0 percent. The advance number for seasonally adjusted insured unemployment during the week ending April 30 was 3,756,000, an increase of 5,000 from the preceding week’s revised level of 3,751,000. The 4-week moving average was 3,718,500, an increase of 13,250 from the preceding week’s revised average of 3,705,250.Today’s number was 11,000 above the Briefing.com consensus estimate of 423,000 claims.As we can see, there’s a good bit of volatility in this indicator, which is why the 4-week moving average (shown in the callouts) is a more useful number than the weekly data.

http://dshort.com/charts/weekly-unemployment-claims-charts.html?weekly-unemployment-claims

Occasionally I see articles critical of seasonal adjustment, especially when the non-adjusted number better suits the author’s bias. But a comparison of these two charts clearly shows extreme volatility of the non-adjusted data, and the 4-week MA gives an indication of the recurring pattern of seasonal change in the second chart (note, for example, those regular January spikes).

http://dshort.com/charts/weekly-unemployment-claims-charts.html?weekly-unemployment-claims-NSA

a 52-week moving average gives a better sense of the long-term trends.

http://dshort.com/charts/weekly-unemployment-claims-charts.html?weekly-unemployment-claims-NSA-52-ma

Krauthammer: Obama's demagoguery in El Paso (Washington Post) [ What else can you expect from a demagogue … suddenly he’s talkin’ immigration with the election ‘round the corner, as he courts the Hispanic vote. Aren’t people on to this unctuous jive-talker yet, failed president that he is. Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ … Suckers’ rally to keep suckers suckered: Philadelphia Fed Depresses Economists Durden ‘..the Philadelphia Fed collapsed from a revised 43.4 (a 27 year high) to 18.5, the lowest since November 2010… This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! U.S. Economy Remains on Life Support Hansen ‘

• The Fed press conference contained almost no new economic insights;
• An FOMC meeting with no policy changes or insights..

CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims’  Cases against Wall Street lag despite Holder’s vows to target financial fraud Obama has promised to hold Wall Street accountable for the meltdown. ):

‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Meanwhile, things are not looking up for the economy, global / domestic, and the solvency issues of nations, particularly defacto bankrupt america. Mohamed A. El-Erian [ In an interview with Frank Motek, El-Erian states that the nations are facing not debt issues per se, but solvency issues (ie., america’s defacto bankrupt, etc.) and (PIMCO dumped their u.s. treasury holdings) that it will take higher interest rates to sell those debt securities. Moreover, he stated that the subject nations have only exacerbated their fiscal problems by piling more debt on debt … the following is an excerpt from El-Erian in part, from the PIMCO website: …http://www.pimco.com ]

Milbank: The medical mystery of Mitt Romney (Washington Post) [ Does anyone else think Mr. Milbank’s reference to the Chinese twin girls born with a single body and two heads was at the least in poor taste. Moreover, I would further say his reference is probably better suited as applicable to ‘wobama the b’ (for b***s***) whose actions in office have belied most every campaign pledge and rhetoric. This is not to say that Romney gets a pass; though I did previously say and still on my website is (what I write thereon is ‘forever’ as if engraved on stone) that I recommended that war criminal, coward, incompetent cheney be replaced by Romney, and then the same, whether by impeachment or ‘encouragement’ (kind of like that Nixon / Ford dynamic), for war criminal, coward, incompetent moron dumbya bush. I doubt there’s anyone other than mental cases (ie., limbaugh, hannity, o’reilly, etc.) who could seriously argue that the country wouldn’t have been better off to this day. That said, 2012 is a whole new year, and a whole new ‘ballgame’, and wide open, so to speak. Ultimately, for me, the next president will have met criterion that for me is measurable in terms of justice, in accordance with long lost (for pervasively corrupt, defacto bankrupt america) constitutional principles. For me, it’s what I can see, touch, and measure as being right. As such, for me, the clear resolution of long standing, justice delayed, justice denied RICO litigation is that measure and criterion. . Defacto bankrupt, fraudulent america also spends more on military spending than all the nations of the world combined... federal employees / contractors, cia, all 3 branches of the u.s. government, etc., are included in this evolved american trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ). That perverse field of dreams I’ve previously alluded to, the american nightmare, if you build / contrive war, they will come. And, they do; seals of them (among others); and when their ‘tours’ are done, it’s murder inc./contract killing for hire that they’ve won (cia, mob, etc.). The 20th century, the ‘bloodiest century’, not coincidentally referred to as the american century, brings longings of nostalgia to american criminals who, like Pavlov’s dogs salivate at the prospect of killing, raping, pillaging, and plundering which primitive mindset they have mistakenly been conditioned to connect to their now irretrievably lost success as a nation state; and to the contrary, has become globally and domestically self-destructive / self-defeating. The entire 911 / Bin Laden scenario just doesn’t pass the smell test and reeks of political desperation and Orwellian opportunism.

Reversals challenge hope of Arab Spring (Washington Post) [The power of the autocrats … as in Saudi Arabia? Oh they’re okay … they’re good bad guys … war criminal american buds. Riiiiight! Just remember … the Arabs won’t forget. And, who will they blame, as if culpability of u.s., nato, israel, england, etc.. . [Who is foolish enough to believe anything they say; particularly their scripted, ever-changing, evolving, self-serving accounts belied only by truth / reality as told by those with true courage and integrity; as, for example Jessica Lynch, etc Red Alert: Government Had Osama bin Laden Frozen for Years Nimmo / Jones [ I personally believe Osama’s been dead for quite some time. Indeed, for one on dialysis, he otherwise would have been nothing less than a modern day miracle in terms of longevity / mortality rates for those so afflicted, particularly under the ‘stressful’ circumstances involving evading capture, betrayal for money, etc.. His ‘surfacing’ for a ‘talk’ wouldn’t even pass muster in the most rudimentary requirements for ‘proof of life’. The release at this time of the ‘announcement’ is, rather than a victory lap so to speak, but rather a sign of weakness and desperation on the part of america whose global and domestic economic, financial, and geopolitical position is substantially diminished and declining rapidly and whose military industrial complex welfare plan along with the Orwellian diversion of the masses could at best yield but a pyrrhic victory. Moreover, the same comes at a time of systemic failure for pervasively corrupt, defacto bankrupt america. While the ‘announcement’ plays well to the dumb back home, the same will galvanize resistance in the name of their now martyr, Osama Bin Laden.] [ Osama bin Laden: A dead nemesis perpetuated by the US government ...May 1, 2011 ... U.S. intelligence is that bin Laden needs dialysis every 3 days ...
http://www.whatreallyhappened.com/WRHARTICLES/osama_dead.php

Osama bin Laden is dead..: died in December [2001] ..buried in the mountains of southeast Afghanistan [Telegraph, 12/28/2001]

Musharraf: Bin Laden probably dead

[A Bush administration official] said U.S. intelligence is that bin Laden needs dialysis every three days ..." [CNN]

Karzai: bin Laden 'probably' dead .. but former Taliban leader Mullah Omar is alive [CNN]

FBI: Bin Laden 'probably' dead

The FBI’s counter-terrorism chief, Dale Watson, says he thinks Osama bin Laden is "probably" dead. [BBC]

The editor-in-chief of a London-based Arab news magazine said a purported will it published Saturday was written late last year [2001] by Osama bin Laden, and shows "he's dying or he's going to die soon." [CNN]

Usama bin Laden has died a peaceful death due to an untreated lung complication .. [FOX News] Renal dialysis is reserved for patients in end-stage renal failure. .. it's unlikely that you'd survive beyond several days or a week at the most. [CNN] ]

Weekly Unemployment Claims Still Above This Scary Level WSCS Short ‘The Department of Labor’s Unemployment Insurance Weekly Claims Report was released this morning for last week. Claims fell 44,000 from a 4,000 upward revision of the previous week, which takes the number back to approximately the level prior to last week’s blip. Here is the official statement from the Department of Labor:In the week ending May 7, the advance figure for seasonally adjusted initial claims was 434,000, a decrease of 44,000 from the previous week’s revised figure of 478,000. The 4-week moving average was 436,750, an increase of 4,500 from the previous week’s revised average of 432,250. The advance seasonally adjusted insured unemployment rate was 3.0 percent for the week ending April 30, unchanged from the prior week’s unrevised rate of 3.0 percent. The advance number for seasonally adjusted insured unemployment during the week ending April 30 was 3,756,000, an increase of 5,000 from the preceding week’s revised level of 3,751,000. The 4-week moving average was 3,718,500, an increase of 13,250 from the preceding week’s revised average of 3,705,250.Today’s number was 11,000 above the Briefing.com consensus estimate of 423,000 claims.As we can see, there’s a good bit of volatility in this indicator, which is why the 4-week moving average (shown in the callouts) is a more useful number than the weekly data.

http://dshort.com/charts/weekly-unemployment-claims-charts.html?weekly-unemployment-claims

Occasionally I see articles critical of seasonal adjustment, especially when the non-adjusted number better suits the author’s bias. But a comparison of these two charts clearly shows extreme volatility of the non-adjusted data, and the 4-week MA gives an indication of the recurring pattern of seasonal change in the second chart (note, for example, those regular January spikes).

http://dshort.com/charts/weekly-unemployment-claims-charts.html?weekly-unemployment-claims-NSA

Because of the extreme volatility of the non-adjusted weekly data, a 52-week moving average gives a better sense of the long-term trends.

http://dshort.com/charts/weekly-unemployment-claims-charts.html?weekly-unemployment-claims-NSA-52-ma

The Bureau of Labor Statistics provides an overview on seasonal adjustment here (scroll down about half way down).

Doug Short Ph.d is the author of dshort.com.’

Look at How Producer Prices Continue Getting More Expensive Wall St. Cheat Sheet [This spells big trouble affecting corporate earnings (some costs can’t be passed on without decreasing sales) and disposable income / consumer spending. ] ‘The Producer Price Index for finished goods rose 0.8 percent in April, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This advance followed increases of 0.7 percent in March and 1.6 percent in February.

At the earlier stages of processing, prices received by manufacturers of intermediate goods climbed 1.3 percent in April, and the crude goods index rose 4.0 percent. On an unadjusted basis, prices for finished goods moved up 6.8 percent for the 12 months ended April 2011, the largest year-over-year gain since an 8.8-percent increase in September 2008.

Stage-of-Processing Analysis

About three quarters of the April advance in the finished goods index can be traced to a 2.5 percent jump in prices for finished energy goods. Also contributing to the rise in the finished goods index, prices for both finished goods other than foods (NYSE:RJA) and energy (NYSE:XLE) and for finished consumer foods moved up 0.3 percent in April.

Finished energy: Prices for finished energy goods increased 2.5 percent in April, the seventh consecutive monthly advance. Over half of the April rise can be attributed to the gasoline index, which climbed 3.6 percent (NYSE:USO). Higher prices for liquefied petroleum gas and residential natural gas (NYSE:UNG) also were factors in the increase in the finished energy goods index. (See table 2.)

Finished core: The index for finished goods less foods and energy moved up 0.3 percent in April, the fifth straight monthly rise. Nearly one-fourth of the April monthly advance can be traced to a 1.2-percent jump in civilian aircraft prices. An increase in the index for light motor trucks also contributed significantly to the rise in finished core prices.

Finished foods: Prices for finished consumer foods rose 0.3 percent in April after falling 0.2 percent in the prior month. Leading this advance, the index for eggs for fresh use surged 56.7 percent.

Intermediate goods

The Producer Price Index for intermediate materials (NYSE:XLB), supplies, and components rose 1.3 percent in April, the ninth consecutive monthly advance. The broad-based April increase was led by prices for intermediate goods less foods and energy, which moved up 1.1 percent. The indexes for intermediate energy goods and for intermediate foods and feeds also contributed to the intermediate goods advance, rising 1.9 percent and 1.8 percent, respectively. For the 12 months ended April 2011, prices for intermediate goods climbed 9.4 percent, the largest increase since a 9.8-percent jump in October 2008. (See table B.)

Intermediate core: Prices for intermediate goods less foods and energy moved up 1.1 percent in April, the ninth consecutive monthly rise. About fifteen percent of the April gain can be attributed to the index for primary basic organic chemicals, which increased 3.2 percent. Higher prices for ethanol and steel mill products (NYSE:DBB) also contributed to the advance in intermediate core prices. (See table 2.)

Intermediate energy: The index for intermediate energy goods climbed 1.9 percent in April, the smallest advance since a 1.5-percent increase in November 2010. Prices for diesel fuel, which moved up 3.5 percent, were a significant contributor to the April rise. Higher prices for gasoline also were a factor in the increase in the intermediate energy goods index.

Intermediate foods: The intermediate foods and feeds index advanced 1.8 percent in April, the
ninth straight monthly increase. A 5.6-percent jump in prices for beef and veal accounted for a quarter of the April advance in the intermediate foods and feeds index.

Crude goods

The Producer Price Index for crude materials for further processing increased 4.0 percent in April. For the 3 months ending in April, prices for crude materials moved up 7.0 percent following an 11.4-percent jump for the 3 months ending in January. Leading the broad-based monthly advance in April, the index for crude energy materials rose 4.8 percent. Prices for crude foodstuffs and feedstuffs and for crude nonfood materials less energy increased 4.0 percent and 2.6 percent, respectively.

Crude energy: The index for crude energy (NYSE:XLE) materials moved up 4.8 percent in April. From January to April, crude energy prices advanced 5.3 percent compared with a 17.9-percent jump in the previous 3-month period. For the month of April, the index for natural gas rose 9.4 percent, accounting for over half of the increase in prices for crude energy materials. Advances in the indexes for crude petroleum and coal also contributed to higher crude energy prices.

Crude foods: Prices for crude foodstuffs and feedstuffs (NYSE:RJA) advanced 4.0 percent in April. For the
3 months ending in April, the index for crude foods jumped 11.4 percent subsequent to moving up 5.5 percent from October to January. Accounting for about half of the monthly rise in April, the grains index increased 15.5 percent. Higher prices for slaughter steers and heifers also were a factor in the advance in the crude foods index.

Crude core: The index for crude nonfood materials less energy rose 2.6 percent in April. From January to April, crude core prices moved up 2.5 percent after a 10.1-percent advance in the previous 3-month period. For the month of April, a 4.5-percent increase in the index for copper base scrap was a factor in higher crude core prices.

Services Analysis Trade Industries

TTrade industries: The Producer Price Index for the net output of total trade industries moved up 0.1 percent in April, the third consecutive increase. Trade indexes measure changes in margins received by wholesalers and retailers (NYSE:RTH). Leading the April advance was a 5.3-percent increase in margins received by department stores (NYSE:IYR). Higher margins received by women’s clothing stores and by electronic shopping and mail order houses also contributed significantly to the rise in the total trade industries index.

Transportation and warehousing industries: The Producer Price Index for the net output of transportation and warehousing industries rose 0.3 percent in April, the seventh consecutive increase. Accounting for forty-five percent of the April advance, prices received by couriers climbed 1.4 percent. Increases in the indexes for long distance general freight trucking (truckload) and line-haul railroads also were factors in the April rise in the transportation and warehousing industries index.

Traditional service industries: The Producer Price Index for the net output of total traditional service industries moved up 0.7 percent in April after no change in the previous month. Leading this advance, prices received by the depository credit intermediation industry group rose 7.3 percent. Higher prices received by insurance carriers and by general medical and surgical hospitals (NYSE:XLV) also contributed to the increase in the total traditional service industries index.’

“Made in America”: The Comeback [ Come on! Let’s get real! Not in a million years … though citing the increased exports, what’s absent from this article is that we saw an INCREASE in the trade deficit (hence, I haven’t included this ‘feel good’ fluff piece). Some ‘pay to play’ and other manipulations, but this structural shift is forever and a done deal; however foolish and misguided by pervasively corrupt, defacto bankrupt america, they can’t unring the bell on yet another policy / strategic blunder at all levels of the u.s. government, and that short –sighted corporate american hierarchy. [video]GDP Fears Going Up - Trader NEW YORK (TheStreet) - - Trade deficit data is causing concerns over a lowered GDP says Alan Valdes of DME Securities. ]

Mohamed A. El-Erian [ In an interview with Motek, El-Erian states that the nations are facing not debt issues per se, but solvency issues (ie., america’s defacto bankrupt, etc.) and (PIMCO dumped their u.s. treasury holdings) that it will take higher interest rates to sell those debt securities. Moreover, he stated that the subject nations have only exacerbated their fiscal problems by piling more debt on debt … the following is an excerpt from El-Erian in part, from the PIMCO website: http://www.pimco.com] ‘ … BALANCE OF RISKS Most baselines are subject to two-sided risks. Our Secular Outlook is no different in this regard and, in this case, the risks are well balanced.

On the one hand, the baseline could prove to be too pessimistic on three major counts: First, emerging economies (and China in particular) could show greater willingness and ability to unleash domestic consumption; second, the balance sheets of central banks in industrial countries could indeed be used very aggressively without undermining inflationary expectations and fueling a political reaction; and third, some of the remarkable scientific advances could translate quickly into massive productivity gains.

These three factors would facilitate economic growth in industrial countries. And growth is critical for enhancing the capacity of the world economy to deal with its balance sheet problems, reverse the involvement of governments in markets and, thereby, reduce the likelihood of government failures following the recent string of market failures.

On the other hand, the baseline could be too optimistic on (also) three major counts: First, households and companies could embark upon a renewed cycle of self-insurance in reaction to the medium-term uncertainties facing the global economy. This paradox of thrift would further weaken the growth and debt dynamics; it would also increase the risk of trade protectionism. Second, some of the super-secular issues (such as climate change, demographics and the atomization of societies) could play out in secular time, significantly increasing the structural headwinds facing the global economy. Third, the world could face a geopolitical shock, either because of frictions and tensions between certain nation-states or due to vulnerability to acts of terrorism perpetrated by small groups or individuals.

In Conclusion
We are living through a remarkable time of change for the global economy, where several anchoring parameters have become variables. It is a time of friction, collisions and renewal as we journey to a de-levered and re-regulated world with weaker growth dynamics in industrial countries and less political enthusiasm for unfettered globalization and markets.

This brings us back to the image of a car that, having used its spare tire(s), is still embarked on a bumpy road through unfamiliar territory and to a less-than-stable destination. Parts of the car are up for this journey; others will likely hold up but in a tentative and fragile manner; and yet others will fail.

For investors, this translates into a secular period of changing risks and opportunities:

• The distribution of global outcomes is going through a transformation, both in terms of overall shape (flatter) and tails (fatter);
• It is a world where several of the old simplifying adages that once brought comfort to investors – such as industrial country governments constitute interest rate risk while emerging economies involve credit risk – require considerable refinement;
• It is a world that calls for a broader investment universe and guidelines and, for those who use them, revamped benchmarks that better capture the world of today and tomorrow rather than that of yesterday;
• It is a world of significant country, regional and instrument differentiation when it comes to harvesting equity and credit premiums in high-quality corporates, financials and emerging markets;
• It is a world where the currencies of the emerging (as opposed to submerging) economies will continue to warrant a greater allocation over time; and
• It is a world where the safest of carry will come from duration and curve in sovereigns that, due to their economic and financial fundamentals, are truly core countries in the midst of this global paradigm shift…’

Look How the Federal Budget Deficit Will Exceed $1 Trillion Again Wall St. Cheat Sheet ‘Yesterday the Federal Budget Deficit reminded us that even during the season when Uncle Sam collects your taxes — 45% more than last year — we still can’t create a surplus! Superficially, we can blame the recent economic crisis for the issue. However, if we dig deeper into the historical data, below we can see politicians have been out of control for decades. More specifically, the fall of 2001 kicked off a drunken binge on Federal deficit spending (Click for Larger Image) We haven’t seen a single budget surplus since the economic crisis, and future budget projections from the Congressional Budget Office indicate we shouldn’t sit on the shore waiting for one to dock anytime soon. Check Out “CHART OF THE DAY: Watch the US Debt Set a 60 Year Record“. In fact, the CBO increased their annual deficit projection for 2011 from $1.1 trillion to $1.5 trillion — the third straight year of $1 trillion-plus deficits. The record monthly deficit of $222.5 billion in February beat last February’s record by almost $2 billion. At least we didn’t set a new record so soon.’ Debt ceiling battles have negotiation experts shaking their heads Professional negotiators weigh in on lawmakers’ inept attempts to negotiate the national debt ceiling. (Washington Post) [ Boehner seeks more than $2 trillion in cuts (Washington Post) [ I’m sure I’m not alone in thinking ‘Riiiiight! … that’ll happen … and all without cuts to endless war spending … while the situation’s more than that dire, the advice is … don’t hold your breath! Milbank: The GOP’s juvenile debate (Washington Post) [ Mr. Milbank has lamentably become the rush limbaugh / sean hannity of the newspaper world, though he barks and apologizes for dems (and wobama the b for b*** s***) only (as they for the gop / bushies only). A political minefield in Treasury plan (Washington Post) [ What plan! . Let the budget battle begin Congress returns to fight over the nation’s solvency. (WP) [ Stated another way, the nation’s solvency is over. .. america’s defacto bankrupt with no end in sight.. interest alone is eating progressively into GDP beyond the subterfuge.. Gerson: How serious are we about the deficit? (WP) [ Not much! I mean come on! Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ … Suckers’ rally to keep suckers suckered: Philadelphia Fed Depresses Economists Durden ‘..the Philadelphia Fed collapsed from a revised 43.4 (a 27 year high) to 18.5, the lowest since November 2010… This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! U.S. Economy Remains on Life Support Hansen ‘

• The Fed press conference contained almost no new economic insights;
• An FOMC meeting with no policy changes or insights..

CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims’  Cases against Wall Street lag despite Holder’s vows to target financial fraud Obama has promised to hold Wall Street accountable for the meltdown. ):

‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Hedge fund billionaire convicted of fraud Raj Rajaratnam was convicted on all 14 counts of fraud and conspiracy in the biggest insider-trading case in a generation, handing the government a victory after it was pummeled for bringing so few high-profile prosecutions out of the financial crisis. (Washington Post) [

Raj Rajaratnam Found Guilty On All Counts [ I share the following sentiments from Wall St Cheat Sheet: ‘…2) Insiders are finally getting busted. Although the media loves the Raj Rajaratnam trial and his guilty on all 14 counts, who really gives a s*** compared with what large banks, investment banks, and mortgage companies did to the US economy. So long as the Dick Fulds of the world are sipping champagne in Capri, Italy, these insider trading cases are basically sideshows…’ ] SEC urged to ease fundraising rules (Washington Post) [ REDUNDANT! I mean come on! Any more ‘easing’ and we’d be in negative territory where they actually reward you for breaking the rules which is currently the reality in pervasively corrupt, defacto bankrupt, meaningfully lawless america. Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billiions from the fraud ). UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.

‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

People must realize that though having but 5% of the world’s population, america can boast 76% of the world’s serial killers and the highest crime rates in the world by far. http://www.albertpeia.com/realifeamericaserialkillers.mpg . Defacto bankrupt, fraudulent america also spends more on military spending than all the nations of the world combined... federal employees / contractors, cia, all 3 branches of the u.s. government, etc., are included in this evolved american trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ). That perverse field of dreams I’ve previously alluded to, the american nightmare, if you build / contrive war, they will come. And, they do; seals of them (among others); and when their ‘tours’ are done, it’s murder inc./contract killing for hire that they’ve won (cia, mob, etc.). The 20th century, the ‘bloodiest century’, not coincidentally referred to as the american century, brings longings of nostalgia to american criminals who, like Pavlov’s dogs salivate at the prospect of killing, raping, pillaging, and plundering which primitive mindset they have mistakenly been conditioned to connect to their now irretrievably lost success as a nation state; and to the contrary, has become globally and domestically self-destructive / self-defeating. The entire 911 / Bin Laden scenario just doesn’t pass the smell test and reeks of political desperation and Orwellian opportunism.

AIG to sell Treasury shares The government soon will begin unloading its 92.1 percent ownership stake in the bailout company. (Washington Post) [ Who’s the unlucky sucker? Ultimately, a pension fund or two or three, etc., or maybe you or an equally unlucky member of your family. Stock market on a roll despite slowing economic growth, lingering unemployment[Also known as reality! Roll … yes, indeed … everyone’s to get rolled! ] (WP) Dow is up more than 10 percent for 2011, to its highest point in nearly three years. [ Same bubble scenario preceeding last crash (including currency manipulation); yet, far worse this time owing to insurmountable debt and defacto bankruptcy of the nation.

Fed Chairman Bernanke does reality TV (WP) [ Except the ‘NO-RECESSION HELICOPTER BEN B.S. BERNANKE’ show is scripted unreality … even with his reduction in estimate for ‘economic growth’, the frauds on wall street still rallied. Bernanke prepares to make history (WP) [ He already has! $6 gas acomin’, $1,508+ gold, $46+ silver, other commodities at record levels, hyperinflation as predicted well on the way from over-printing of fiat paper currency by fed as predicted, etc., Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic performance of the past ten years, equity valuations are the 2nd largest bubble in U.S. history... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued according to this valuation metric. The only time the markets have been more overvalued was a few brief months in 1929 and the tech bubble

... growth in earnings have been artificially manufactured...

· The change in accounting rules for the financial sector by FASB has generated massive “false” account profits beginning in 2009.

· The extended (and then further extended) unemployment benefits have kept an artificially higher demand for consumer consumption. As a result, the US government has artificially subsidized corporate profits.

· The billions saved through “free loading” by homeowners who have defaulted on their mortgages yet maintained their residence, thus living without a mortgage payment.

· The artificially suppressed interest rates...

Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come!

24 Signs Of Economic Decline In America ‘The United States is in the middle of a devastating long-term economic decline’ ] States face shortfall for retirees]

Selling In May Is Very Good Advice This Year Harding Stocks slip after three-day rally (Washington Post) [ Top 3 Reasons Markets Tanked with Oil WSCS‘DJI -1.02% SP500 -1.11% Nasdaq -0.93% Gold -0.82% Oil -4.63% at $98.88.  Gold sold off ..Silver lost over 8%.

1) Commodities and Oil got slaughtered. .. widening trade gap.

2) Insiders finally getting busted.. but what about what large banks, investment banks, and mortgage companies did to the US economy…these insider trading cases are basically sideshows…

Fed official calls for vigilance (WP) [ Who’s still buying their b***s***! Much higher prices / inflation’s already here. 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline’ ] States face shortfall for retirees (WP) (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast turmoil to obfuscate their failure. Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come! America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Bernanke prepares to make history (WP) [ He already has! $6 gas acomin’.. hyperinflation as predicted well on the way from over-printing of fiat paper currency by fed as predicted, etc., Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic performance of the past ten years, equity valuations are the 2nd largest bubble in U.S. history... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued according to this valuation metric. The only time the markets have been more overvalued was a few brief months in 1929 and the tech bubble

... growth in earnings have been artificially manufactured...

· The change in accounting rules for the financial sector by FASB has generated massive “false” account profits beginning in 2009…’

28 Statistics About The Gutting Of The U.S. Economy That Will Blow Your Mind ‘Red alert! Over 40 billion dollars of America’s national wealth is being shipped out of the country every single month. Our economy is being gutted and we are bleeding wealth and we are bleeding jobs. The American Dream May 12, 2011 Red alert! Over 40 billion dollars of America’s national wealth is being shipped out of the country every single month.  Our economy is being gutted and we are bleeding wealth and we are bleeding jobs.  This is a distress call.  Is anyone listening?  Thousands of our factories and millions of our jobs are being shipped overseas.  Over the past decade over 6 trillion dollars have been transferred into the hands of foreigners.  Our national government is so broke that they constantly have to go and beg those foreigners to lend us back some of that money in order to finance our exploding debt. The number of good jobs continues to decline and there are millions upon millions of my countrymen that are unemployed.  Can anybody help us? Mayday! Mayday! Mayday!Sadly, the vast majority of Americans really are dead asleep on this issue.  They just continue to run out to the big retail stores and fill their carts with products made in China and yet they seem completely bewildered by the fact that the number of good jobs continues to decline.Over the past decade, the number of middle class jobs has fallen by about ten percent.  There is a reason for this.  America is becoming poorer.  The economic pie is shrinking.  When we ship 40 to 50 billion dollars into the hands of foreigners every single month, that means that there is a lot less wealth for all of us to divide up.Every single month, the U.S. ships in massive amounts of foreign oil and massive amounts of cheap plastic trinkets from places such as China which we greedily consume.  In return, we send them a giant pile of money.This happens month after month after month.  You see, we always need more of their oil and more of their plastic trinkets.  They are more than happy to keep getting richer and richer.Meanwhile, thousands of our factories and millions of our jobs continue to be sent overseas where labor is far cheaper.  Thanks to globalization, American workers much now directly compete for jobs with workers that are willing to work for less than a dollar an hour on the other side of the globe.

The dismantling of our economy is happening right in front of our eyes and most of our politicians are not doing a thing to stop it.

The following are 28 statistics about the gutting of the U.S. economy that will blow your mind….

#1 According to the U.S. Department of Commerce, the U.S. trade deficit for the month of March was $48.2 billion.  That was up from $45.4 billion in February.

#2 The United States has had a negative trade balance every single yearsince 1976.

#3 Between December 2000 and December 2010, the U.S. ran a total trade deficit of 6.1 trillion dollars.

#4 The U.S. trade deficit with China in March was $18.1 billion.  This is money that is not going to support U.S. businesses and U.S. workers.  If that money was actually going to our businesses and to our workers it would increase tax revenues.

#5 Since China entered the WTO in 2001, the U.S. trade deficit with China has grown by an average of 18% per year.

#6 During 2010, we spent $365 billion on goods and services from China while they only spent $92 billion on goods and services from us.

#7 Since 2005, Americans have gobbled up Chinese products and services totaling $1.1 trillion, but the Chinese have only spent $272 billion on American goods and services.

#8 The U.S. trade deficit with China in 2010 was 27 times larger than it was back in 1990.

#9 According to a recent report from the Economic Policy Institute, between 2001 and 2008 the United States lost 2.4 million jobs due to the growing trade deficit with China.  Every single state in America experienced a net job loss due to our trade deficit with China during that time period.

#10 The United States has lost an average of 50,000 manufacturing jobs per month since China joined the World Trade Organization in 2001.

#11 The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000.

#12 Between December 2000 and December 2010, 38 percent of the manufacturing jobs in Ohio were lost, 42 percent of the manufacturing jobs in North Carolina were lost and 48 percent of the manufacturing jobs in Michigan were lost.

#13 Back in 1970, 25 percent of all jobs in the United States were manufacturing jobs. Today, only 9 percent of the jobs in the United States are manufacturing jobs.

#14 China produced 19.8 percent of all the goods consumed in the world last year.  The United States only produced 19.4 percent.

#15 According to the IMF, China is going to have the largest economy in the world by 2016.

#16 Nobel economist Robert W. Fogel of the University of Chicago is projecting that the Chinese economy will be three times larger than the U.S. economy by the year 2040 if current trends continue.

#17 Back in 1998, the United States had 25 percent of the world’s high tech export market and China had just 10 percent. Ten years later, the United States had less than 15 percent and China’s share had soared to 20 percent.

#18 Manufacturing employment in the U.S. computer industry was actually lower in 2010 than it was in 1975.

#19 In 2002, the United States had a trade deficit in “advanced technology products” of $16 billion with the rest of the world.  In 2010, that number skyrocketed to $82 billion.

#20 Last year, China produced 11 times as much steel as the United States did.

#21 Do you remember when the United States was the dominant manufacturer of automobiles and trucks on the globe?  Well, in 2010 the U.S. ran a trade deficit in automobiles, trucks and parts of $110 billion.

#22 In 2010, South Korea exported 12 times as many automobiles, trucks and parts to us as we exported to them.

#23 According to one recent study, China could become the global leader in patent filings by next year.

#24 China is now the number one supplier of components that are critical to the operation of U.S. defense systems.

#25 In 2010, the number one U.S. export to China was “scrap and trash”.

#26 Thanks to our exploding trade deficit with China, the Chinese have accumulated nearly 3 trillion dollars in foreign currency reserves.  That is the largest stockpile of foreign currency reserves on the entire globe.

#27 The amount of the trade deficit that can be attributed to foreign oil is at the highest level that we have seen since 2008.

#28 It is being projected that for the first time ever, the OPEC nations are going to bring in over a trillion dollars from exporting oil this year.  Their biggest customer is the United States.

Our dependence on foreign oil is literally bleeding us dry.  Once we have burned up all of that foreign oil in our cars we are left with nothing.  But the people we bought all that oil from are still sitting on all that cash.As we ship our wealth, our factories and our jobs out of the country, America is getting poorer.That means that individual Americans are getting poorer.According to one estimate, between 1999 and 2009 real median household income in the United States declined by 5.0%.Today, over 44 million Americans are on food stamps and over 47 million Americans are living in poverty.  This is not an accident and it didn’t happen overnight.  Our economic policies are absolutely killing us.This economic downturn has hit men particularly hard.  As thousands of manufacturing facilities have shut down, millions of blue collar workers have been dumped out on the street.  Most blue collar workers are men.Since January 2008, male employment has declined by 4,932,000 jobs.Ouch.During 2010, only 66.8% of American men had jobs, which was a new all-time record low.There are a lot of blue collar workers that are sitting at home on their couches today that are still trying to figure out what in the world happened to their good jobs.There are now more than 6 million Americans that the government says have given up looking for work completely.  Most of them are men.Sadly, in our society today most of the people that pursue higher education are women.  Today, 61% of all college degrees are earned by women.Not that a college education is a ticket to success in today’s world. According to the Economic Policy Institute, the unemployment rate for college graduates younger than 25 years old was 9.3 percent in 2010.In fact, the majority of all of our college graduates end up running home to Mom and Dad after they graduate.According to a poll conducted by Twentysomething Inc., 85 percent of U.S. college graduates will move back home with their parents (at least initially) after graduation.  That is up from 67 percent back in 2006.The truth is that there are not nearly enough jobs for everyone and that is a huge problem.We have become a nation that consumes far more wealth than it produces.  That is a recipe for disaster any way that you cut it.Until we have some fundamental changes to our trade policy, these long-term trends are just going to continue.  We are going to continue to bleed wealth, bleed factories and bleed jobs.Tax revenues go down when factories shut down and when American workers are sitting at home on their couches.  This is a huge factor in why our federal, state and local governments are drowning in debt.  We have got to have more wealth creation inside this country or else we are going to continue to see our government debt problems get even worse.If you walk into just about any major retail store today, what do you find?You find loads and loads of products that have been made somewhere else.I hope that you are enjoying “the low, low prices” because they come at a very high cost.We once had the greatest economic machine in the history of the world but now it is being gutted like a fish.If we continue on the road that we are on, the entire country is eventually going to become just like Detroit.Is that what you want?’

How the US government will seize your retirement account Following in the footsteps of a rather ignominious list of nations like Argentina and Hungary, the government of lreland is set to take its ‘fair share’ of private retirement funds.

Taliban Attacks Dim U.S. Hopes Bin Laden’s Killing May Hasten Afghan Exit Bloomberg | Bin Laden’s “martyrdom” will give a “new impetus” to the Taliban’s fight. Top Doctor Confirms Bin Laden Had Marfan Syndrome An MSNBC hit piece that attempts to debunk Dr. Steve R. Pieczenik’s assertion that Osama Bin Laden died from Marfan syndrome in 2001 unwittingly provides corroboration from a top Cornell doctor who first made similar statements in an interview with Salon magazine two months after 9/11. Evidence: Bin Laden worked like a crime boss (Washington Post) [ Come on! This is all such total b***s*** at this point at least if not sooner. How totally preposterous! Now we can add that word picture … Vito Corleone of ‘Godfather’ fame’s opening words, ‘I love america’ … What in pervasively corrupt, defacto bankrupt america isn’t operated as a crime syndicate led by a crime boss? Who shot bin Laden? Former SEALs fill in the blanks (WP) [ Well, here I am on the same page as a former navy seal: Jesse Ventura Questions Obama’s Narrative Of Bin Laden Raid Former Navy SEAL and Governor of Minnesota Jesse Ventura has questioned Barack Obama’s official narrative regarding the raid on Osama Bin Laden, telling the Alex Jones Show of his suspicions that Osama died years ago, and expressing disbelief that the man seen flicking between TV channels in the video released by the White House Saturday was actually Bin Laden. [Who is foolish enough to believe anything they say; particularly their scripted, ever-changing, evolving, self-serving accounts belied only by truth / reality as told by those with true courage and integrity; as, for example Jessica Lynch, etc. White House Press Secretary “Floundering Under Pressure” Of Flip-Flopping Bin Laden Fable Staged: White House “Situation Room” Photos Part Of Bin Laden Fable .. No resistance in “cold-blooded” U.S. raid: Pakistan officials The Cost of Bin Laden: $3 Trillion Over 15 Years Bin Had The Growing Coverup: Osama and “The Big Lie” The Obama administration and the corporate media are concocting an ever-more elaborate and spectacular theater around the “heroic” murder of the CIA intelligence myth/CIA asset Osama bin Laden. Red Alert: Government Had Osama bin Laden Frozen for Years Nimmo / Jones | Videos [ I personally believe Osama’s been dead for quite some time. Indeed, for one on dialysis, he otherwise would have been nothing less than a modern day miracle in terms of longevity / mortality rates for those so afflicted, particularly under the ‘stressful’ circumstances involving evading capture, betrayal for money, etc.. His ‘surfacing’ for a ‘talk’ wouldn’t even pass muster in the most rudimentary requirements for ‘proof of life’. The release at this time of the ‘announcement’ is, rather than a victory lap so to speak, but rather a sign of weakness and desperation on the part of america whose global and domestic economic, financial, and geopolitical position is substantially diminished and declining rapidly and whose military industrial complex welfare plan along with the Orwellian diversion of the masses could at best yield but a pyrrhic victory. Moreover, the same comes at a time of systemic failure for pervasively corrupt, defacto bankrupt america. While the ‘announcement’ plays well for the nonce, to the dumb, uninformed back home, the same will galvanize resistance in the name of their now martyr, Osama Bin Laden.] [ Osama bin Laden: A dead nemesis perpetuated by the US government ...May 1, 2011 ... He's apparently got dialysis ... for kidney problems. ... official] said U.S. intelligence is that bin Laden needs dialysis every three days ...
http://www.whatreallyhappened.com/WRHARTICLES/osama_dead.php

Osama bin Laden is dead. The news first came from sources in Afghanistan and Pakistan almost six months ago: the fugitive died in December [2001] and was buried in the mountains of southeast Afghanistan. Pakistan's president, Pervez Musharraf, echoed the information. The remnants of Osama's gang, however, have mostly stayed silent, either to keep Osama's ghost alive or because they have no means of communication. Bin Laden's voice was detected regularly until [14 December 2001] by intelligence operatives monitoring radio transmissions in Tora Bora, according to the Pentagon [details]. Since then, nothing has been heard from the al-Qa'eda leader and President Bush has hinted in private that bin Laden's silence could mean he has been killed. [Telegraph, 12/28/2001]

Pakistan's Musharraf: Bin Laden probably dead

Pakistan's president says he thinks Osama bin Laden is most likely dead because the suspected terrorist has been unable to get treatment for his kidney disease. [A Bush administration official] said U.S. intelligence is that bin Laden needs dialysis every three days and "it is fairly obvious that that could be an issue when you are running from place to place, and facing the idea of needing to generate electricity in a mountain hideout." [CNN]

Karzai: bin Laden 'probably' dead

Osama bin Laden is "probably" dead, but former Taliban leader Mullah Omar is alive, Afghan President Hamid Karzai has said. [CNN]

FBI: Bin Laden 'probably' dead

The US Federal Bureau of Investigation's counter-terrorism chief, Dale Watson, says he thinks Osama bin Laden is "probably" dead. [BBC]

Magazine runs what it calls bin Laden's will

The editor-in-chief of a London-based Arab news magazine said a purported will it published Saturday was written late last year [2001] by Osama bin Laden, and shows "he's dying or he's going to die soon." [CNN]

Usama bin Laden has died a peaceful death due to an untreated lung complication, the Pakistan Observer reported, citing a Taliban leader who allegedly attended the funeral of the Al Qaeda leader. "The Coalition troops are engaged in a mad search operation but they would never be able to fulfill their cherished goal of getting Usama alive or dead," the source said. [FOX News] Renal dialysis -- talking about hemodialysis -- is something that really is reserved for patients in end-stage renal failure. That means their kidneys have just completely shut down. The most common cause of something like that would be something like diabetes and hypertension. Once that's happened, if you're separated from your dialysis machine -- and incidentally, dialysis machines require electricity, they're going to require clean water, they're going to require a sterile setting -- infection is a huge risk with that. If you don't have all those things and a functioning dialysis machine, it's unlikely that you'd survive beyond several days or a week at the most. [CNN] NATO and Afghan raid mistakenly kills young girl, policeman in east Afghanistan http://www.washingtonpost.com/world/nato-and-afghan-raid-mistakenly-kills-young-girl-policeman-in-east-afghanistan/2011/05/12/AF3nKYwG_story.html (Washington Post) [ Yeah! There you go … that new strategy / plan already paying dividends and winning hearts and minds … A push for new Afghan strategy (WP) [ Riiiiight! That umpteenth new strategy / progress thing … pervasively corrupt, defacto bankrupt america can really afford it … Clinton predicts violent spring in Afghanistan (WP) Secretary Clinton on Thursday warned NATO allies not to abandon Afghanistan and predicted a violent spring. [ Well, there you go … something to look forward to … sounds like a plan … you know, that progress thing so touted by gates / petraeus … remind us that these people, particularly innocent civilians, died for no good reason at all. .. america's defacto bankruptcy. 'Alas, poor america … a nation of infinite jest, and unexcellent fancy … and pervasive criminality' …IED casualties in Afghanistan spike (WP) [ Yeah! That progress thing’s a b**ch! What do you expect them to say? That the money spent / diverted to these lucrative for the few war profiteers (360 tons of $100 bills flown into Iraq disappear, etc.) has been worth the defacto bankruptcy of the nation. Drudgereport: Congresswoman calls Afghanistan 'national embarrassment'... 'Epic failure'... Woolsey (D-CA) says Afghanistan war a disaster. "This war represents an epic failure, a national embarrassment and a moral blight," Rep. Woolsey said. [Though broke, they’re still voting for more war across the board.. this war is a blowback-creating, self-perpetuating, self-destructive, self-defeating, colossally expensive debacle benefiting war profiteers / lobbies and frauds while diverting attention from the more ’mundane’ tasks of governance. War on Terror is a Reichstag Fire False Flag Operation Sartre | If you really want justice for the 911 murders, you must face reality and look within your own government for the true terrorists.

Why Does the Terrorist Kingpin Look Better Than He Did in 2001? Washington’s Blog

Bin Laden Hoax….The Rest Of The Story Cartalucci .. examination of mainstream media’s headlines and interviews with the CIA director himself calls into question the official narrative.

Hoax: White House Claims 4-Year-Old Bin Laden Video Is New Footage

Then, of course, there’s also: that ‘pearl harbor event’ so sought by the neo-cons / war mongers still defies explanation (ie., the ‘stand-down order’, symmetrical implosions, foreknowledge by some {who conveniently ‘missed the party’ that day}, etc.. Some links, echoing the unbelief akin to the ‘Jessica Lynch’, Tillman, etc., affairs follow. People must realize that though having but 5% of the world’s population, america can boast 76% of the world’s serial killers, and the highest crime rates in the world by far. ]

WORLD AT WAR ARCHIVE

Drudgereport: Treasury Auctions to Push US Over Debt Ceiling...
McCARTHY: 'Not one Republican vote' to borrow more without cuts...

'Greater than expected' damage seen at Japan reactor...

Obama Tells Companies to 'Step Up' and Hire Workers...
'Nothing More Important' Than A Government Job… [ and if you believe the jive-talker, he has some swampland in jersey he wants to sell you! ] ...
REPORT: 48 Women Raped Every Hour in Congo...
'DOLLAR IN GRAVER DANGER THAN EURO'...
FORBES: RETURN TO GOLD STANDARD WITHIN 5 YEARS...
In S.C., legislature takes first step...
POLL: 1 in 5 say bin Laden alive...
MICHELLE: KEEPS ON DANCING!
First Lady to host rapper who talks of killing cops...

USA FREAK OUT: TERROR FEARS; FALSE ALARMS...

Sen. Schumer Calls For Amtrak 'Do Not Ride' List...
Two tunnel 'breaches' cause scare in NYC...
Threats Divert Planes in Three Separate Incidents...
Passengers, flight crew subdue man banging on cockpit door...
Dallas Train Station Evacuated: Man Asked For Help Carrying Packages...
4 Arrested For Videotaping TSA Line At Denver...
SHOCK PHOTO: TSA LOOKING FOR 'POOP BOMBS?'
U.S.-Pak. Rift Widens...
Pak. warns of 'full force' response to future US raids...
S&P cuts Greece's rating...
BOEHNER TO DEMAND NOT BILLIONS, BUT TRILLIONS IN CUTS...

OIL REBOUNDS; 2ND LARGEST GAIN ON RECORD...

REPORT: Housing crash getting worse...
...values fall fastest rate since '08

Michelle Obama to host rapper at WH who talks of killing cops...

'COMMAND CENTER'...
Pakistan skeptical of U.S. claim bin Laden directed network...
Two loud explosions heard in town where bin Laden killed...
Videos show 9-11 mastermind watching himself on TV...
U.S. government censors tapes, cuts audio...
Inside bin Laden's squalid home...
NYT: Final days of domesticity...

Drone Strike Kills 15 in Pakistan...
First since bin Laden raid...

BIN LADEN SUPPORTERS RAGE ON THE STREETS OF LONDON, VOW REVENGE...
Stage mock funeral in front of US embassy...

Gas nat'l average: $3.99...
Eats 9% of household budgets...
Average price sets record in Indiana -- $4.25 a gallon...
$6.03 in Hawaii...
JAPAN URGES HALT AT THREE REACTORS...

UNEMPLOYMENT BACK UP TO 9.0%...

Fannie Mae Reports $8.7B Loss for First Quarter...
Seeks $8.5B more from taxpayers...

APRIL JOBS: +244,000...
FUZZY MATH: How can US add jobs but the unemployment rate go up?

Gas nat'l average: $3.99...
Eats 9% of household budgets...
Average price sets record in Indiana -- $4.25 a gallon...
$6.03 in Hawaii...

PAPER: GREECE EU EXIT?

Silver Plunge Spreads...
OIL GUTTED...
Price Slide Temporary, New Highs Likely: Goldman...
Fears linger of a new 'flash crash'...
Euro Tumbles...

CNN SHOCK POLL: RON PAUL HAS BEST CHANCE VS OBAMA
National Home Prices Double Dip...
JOBLESS CLAIMS RISE TO 8 MONTH HIGH...
Fears linger of a new 'flash crash'...

9-11 FAMILY: 'SHOW US PROOF BIN LADEN KILLED'...
Victim's father: Obama 'putting too much spotlight on himself'...
Channels Bush at Ground Zero: 'We will never forget'...
Tells teen survivor he knows Justin Bieber...
Turns Back on 9/11 Family Member...
AUDIO...
Muslim Brotherhood urges review of Israel ties...

Pakistanis burn U.S. flags; backlash over death grows...

Pakistan officials: No resistance in 'cold-blooded' U.S. raid...
Warns America not to stage any more...
Threatens 'disastrous consequences'...
Muslims already name dump location 'Martyr's Sea'...
OBAMA, NO PHOTOS OF OSAMA: 'We don't need to spike the football'...
'Conspiracy theorists will just claim doctored'...
Sen. Scott Brown: 'I've seen picture, he's definitely dead'...
UPDATE: Photo proving bin Laden's death to Sen. Brown was faked...
three senators fell for fakes...
UPDATE: 'The photo I saw and that a lot of other people saw is not authentic'...
Top Dem: No photo needed, 'there's absolute proof'...

REUTERS RELEASES 'DEATH SCENE' PHOTOS
**WARNING GRAPHIC**

UPDATE: Photo proving bin Laden's death to Sen. Brown was faked...
Possibly three senators fell for fakes...

Pakistan: 'Not a single bullet fired from compound'...
WIRE: Photos from 1 hour after raid show 3 dead, no weapons...
The Slippery Story of the bin Laden Kill...
Official says 'killed apparently by the U.S. raid team'...

DOLLAR HITS 3 YEAR LOW...
1 IN 7 ON FOOD STAMPS!
Job numbers disappoint...
Treasury suggests $2 trillion debt cap raise...

REUTERS, AP journalists describe staging of Obama photo taken after TV announcement of bin Laden's death...

Postal Service loses $2.2B in second quarter (Washington Post) [ And, let me add that they deserved that loss. The USPS is totally unreliable and basically a jobs program for the otherwise unemployable; and, they are also corrupt. I’ve previously set forth the scenario where the postal service waylaid dvd disks sent priority/confirmation and a second time, certified mail, to the FBI (violations of federal law, tampering, obstruction, etc.), and ultimately additional copies of said disks were delivered by the reliable, efficient, competitive, performance-driven UPS (their parcel rates are roughly the same and yet half the delivery time – Fedex is as unreliable as the USPS-and for some time had a deal with the USPS). Amazon, Ebay, though a boon to the USPS, have consistently failed to deliver in the realm of computers. http://www.procomputercenter.com . Pro Computer Center is among the few remaining stores of their kind. They are performance / service / customer oriented like no other surviving computer retailer / repairer / service providers I’ve experienced. They’ve also moved into the realm of computer forensics / data recovery in the context of court proceedings where they’ve successfully performed where others failed and at substantially more reasonable rates than ‘the competition’. My most recent computer problems accounting for some website / posting delays has been once again been resolved by them and another Dell computer (the circumstances of the most recent debacle was a barrage of Trojans caught by my antivirus, one after another, then shutting down my antivirus, ultimately freezing (no boot) my computer (I previously alluded to my reasonable suspicions as to who perpetrated same). My experiences with such as Amazon, Ebay have been atrocious and borderline if not outright fraudulent (the shoddy sellers), time consuming, and aggravating in the ‘claims process’. Moreover, other retailers lay most of the warrantee on the manufacturer. (Prior testimonial:

I just wanted to extend to you and your company my sincere thanks for a job well done.. I bought my first computer from you (Ben) in or around 1999. It was a Sony Vaio laptop which owing to Windows Millenium and a very proprietary approach to computing on the part of Sony, truth be told, was not the greatest system in terms of stability, but no fault of yours. Ultimately, though functional, I traded to you the Vaio for a Mac. You’ve always stood by your products / service, are available / accessible to field / handle all questions / problems which is rare indeed. In Armand you have a top-notch A+ Certified Tech who is patient, knowledgeable, and talented. Ruben, in truth has been particularly instrumental in seeing to a smooth transition in my recent dealings with your company as a knowledgeable IT Specialist and especially as a savvy, capable manager. Since 1999 I’ve purchased five computers from you and based upon performance, the sixth is assured.

Evidence: Bin Laden worked like a crime boss (Washington Post) [ Come on! This is all such total b***s*** at this point at least if not sooner. How totally preposterous! Now we can add that word picture … Vito Corleone of ‘Godfather’ fame’s opening words, ‘I love america’ … What in pervasively corrupt, defacto bankrupt america isn’t operated as a crime syndicate led by a crime boss? Who shot bin Laden? Former SEALs fill in the blanks (WP) [ Well, here I am on the same page as a former navy seal: Jesse Ventura Questions Obama’s Narrative Of Bin Laden Raid Former Navy SEAL and Governor of Minnesota Jesse Ventura has questioned Barack Obama’s official narrative regarding the raid on Osama Bin Laden, telling the Alex Jones Show of his suspicions that Osama died years ago, and expressing disbelief that the man seen flicking between TV channels in the video released by the White House Saturday was actually Bin Laden. [Who is foolish enough to believe anything they say; particularly their scripted, ever-changing, evolving, self-serving accounts belied only by truth / reality as told by those with true courage and integrity; as, for example Jessica Lynch, etc. White House Press Secretary “Floundering Under Pressure” Of Flip-Flopping Bin Laden Fable Staged: White House “Situation Room” Photos Part Of Bin Laden Fable .. No resistance in “cold-blooded” U.S. raid: Pakistan officials The Cost of Bin Laden: $3 Trillion Over 15 Years Bin Had The Growing Coverup: Osama and “The Big Lie” The Obama administration and the corporate media are concocting an ever-more elaborate and spectacular theater around the “heroic” murder of the CIA intelligence myth/CIA asset Osama bin Laden. Red Alert: Government Had Osama bin Laden Frozen for Years Nimmo / Jones | Videos [ I personally believe Osama’s been dead for quite some time. Indeed, for one on dialysis, he otherwise would have been nothing less than a modern day miracle in terms of longevity / mortality rates for those so afflicted, particularly under the ‘stressful’ circumstances involving evading capture, betrayal for money, etc.. His ‘surfacing’ for a ‘talk’ wouldn’t even pass muster in the most rudimentary requirements for ‘proof of life’. The release at this time of the ‘announcement’ is, rather than a victory lap so to speak, but rather a sign of weakness and desperation on the part of america whose global and domestic economic, financial, and geopolitical position is substantially diminished and declining rapidly and whose military industrial complex welfare plan along with the Orwellian diversion of the masses could at best yield but a pyrrhic victory. Moreover, the same comes at a time of systemic failure for pervasively corrupt, defacto bankrupt america. While the ‘announcement’ plays well for the nonce, to the dumb, uninformed back home, the same will galvanize resistance in the name of their now martyr, Osama Bin Laden.]

Debt ceiling battles have negotiation experts shaking their heads Professional negotiators weigh in on lawmakers’ inept attempts to negotiate the national debt ceiling. (Washington Post) [ Boehner seeks more than $2 trillion in cuts (Washington Post) [ I’m sure I’m not alone in thinking ‘Riiiiight! … that’ll happen … and all without cuts to endless war spending … while the situation’s more than that dire, the advice is … don’t hold your breath! Milbank: The GOP’s juvenile debate (Washington Post) [ Mr. Milbank has lamentably become the rush limbaugh / sean hannity of the newspaper world, though he barks and apologizes for dems (and wobama the b for b*** s***) only (as they for the gop / bushies only). A political minefield in Treasury plan (Washington Post) [ What plan! . Let the budget battle begin Congress returns to fight over the nation’s solvency. (WP) [ Stated another way, the nation’s solvency is over. .. america’s defacto bankrupt with no end in sight.. interest alone is eating progressively into GDP beyond the subterfuge.. Gerson: How serious are we about the deficit? (WP) [ Not much! I mean come on! Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ … Suckers’ rally to keep suckers suckered: Philadelphia Fed Depresses Economists Durden ‘..the Philadelphia Fed collapsed from a revised 43.4 (a 27 year high) to 18.5, the lowest since November 2010… This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! U.S. Economy Remains on Life Support Hansen ‘

• The Fed press conference contained almost no new economic insights;
• An FOMC meeting with no policy changes or insights..

CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims’  Cases against Wall Street lag despite Holder’s vows to target financial fraud Obama has promised to hold Wall Street accountable for the meltdown. ):

‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Hedge fund billionaire convicted of fraud Raj Rajaratnam was convicted on all 14 counts of fraud and conspiracy in the biggest insider-trading case in a generation, handing the government a victory after it was pummeled for bringing so few high-profile prosecutions out of the financial crisis. (Washington Post) [

Raj Rajaratnam Found Guilty On All Counts [ I share the following sentiments from Wall St Cheat Sheet: ‘…2) Insiders are finally getting busted. Although the media loves the Raj Rajaratnam trial and his guilty on all 14 counts, who really gives a s*** compared with what large banks, investment banks, and mortgage companies did to the US economy. So long as the Dick Fulds of the world are sipping champagne in Capri, Italy, these insider trading cases are basically sideshows…’ ] SEC urged to ease fundraising rules (Washington Post) [ REDUNDANT! I mean come on! Any more ‘easing’ and we’d be in negative territory where they actually reward you for breaking the rules which is currently the reality in pervasively corrupt, defacto bankrupt, meaningfully lawless america. Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billiions from the fraud ). UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.

‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

People must realize that though having but 5% of the world’s population, america can boast 76% of the world’s serial killers and the highest crime rates in the world by far. http://www.albertpeia.com/realifeamericaserialkillers.mpg . Defacto bankrupt, fraudulent america also spends more on military spending than all the nations of the world combined... federal employees / contractors, cia, all 3 branches of the u.s. government, etc., are included in this evolved american trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ). That perverse field of dreams I’ve previously alluded to, the american nightmare, if you build / contrive war, they will come. And, they do; seals of them (among others); and when their ‘tours’ are done, it’s murder inc./contract killing for hire that they’ve won (cia, mob, etc.). The 20th century, the ‘bloodiest century’, not coincidentally referred to as the american century, brings longings of nostalgia to american criminals who, like Pavlov’s dogs salivate at the prospect of killing, raping, pillaging, and plundering which primitive mindset they have mistakenly been conditioned to connect to their now irretrievably lost success as a nation state; and to the contrary, has become globally and domestically self-destructive / self-defeating. The entire 911 / Bin Laden scenario just doesn’t pass the smell test and reeks of political desperation and Orwellian opportunism.

AIG to sell Treasury shares The government soon will begin unloading its 92.1 percent ownership stake in the bailout company. (Washington Post) [ Who’s the unlucky sucker? Ultimately, a pension fund or two or three, etc., or maybe you or an equally unlucky member of your family. Stock market on a roll despite slowing economic growth, lingering unemployment[Also known as reality! Roll … yes, indeed … everyone’s to get rolled! ] (WP) Dow is up more than 10 percent for 2011, to its highest point in nearly three years. [ Same bubble scenario preceeding last crash (including currency manipulation); yet, far worse this time owing to insurmountable debt and defacto bankruptcy of the nation.

Fed Chairman Bernanke does reality TV (WP) [ Except the ‘NO-RECESSION HELICOPTER BEN B.S. BERNANKE’ show is scripted unreality … even with his reduction in estimate for ‘economic growth’, the frauds on wall street still rallied. Bernanke prepares to make history (WP) [ He already has! $6 gas acomin’, $1,508+ gold, $46+ silver, other commodities at record levels, hyperinflation as predicted well on the way from over-printing of fiat paper currency by fed as predicted, etc., Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic performance of the past ten years, equity valuations are the 2nd largest bubble in U.S. history... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued according to this valuation metric. The only time the markets have been more overvalued was a few brief months in 1929 and the tech bubble

... growth in earnings have been artificially manufactured...

· The change in accounting rules for the financial sector by FASB has generated massive “false” account profits beginning in 2009.

· The extended (and then further extended) unemployment benefits have kept an artificially higher demand for consumer consumption. As a result, the US government has artificially subsidized corporate profits.

· The billions saved through “free loading” by homeowners who have defaulted on their mortgages yet maintained their residence, thus living without a mortgage payment.

· The artificially suppressed interest rates...

Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come!

24 Signs Of Economic Decline In America ‘The United States is in the middle of a devastating long-term economic decline’ ] States face shortfall for retirees]

Fed official calls for vigilance (WP) [ Who’s still buying their b***s***! Much higher prices / inflation’s already here. 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline’ ] States face shortfall for retirees (WP) (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast turmoil to obfuscate their failure. Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come! America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Bernanke prepares to make history (WP) [ He already has! $6 gas acomin’.. hyperinflation as predicted well on the way from over-printing of fiat paper currency by fed as predicted, etc., Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic performance of the past ten years, equity valuations are the 2nd largest bubble in U.S. history... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued according to this valuation metric. The only time the markets have been more overvalued was a few brief months in 1929 and the tech bubble

... growth in earnings have been artificially manufactured...

· The change in accounting rules for the financial sector by FASB has generated massive “false” account profits beginning in 2009.

NATO and Afghan raid mistakenly kills young girl, policeman in east Afghanistan http://www.washingtonpost.com/world/nato-and-afghan-raid-mistakenly-kills-young-girl-policeman-in-east-afghanistan/2011/05/12/AF3nKYwG_story.html (Washington Post) [ Yeah! There you go … that new strategy / plan already paying dividends and winning hearts and minds … A push for new Afghan strategy (WP) [ Riiiiight! That umpteenth new strategy / progress thing … pervasively corrupt, defacto bankrupt america can really afford it … Clinton predicts violent spring in Afghanistan (WP) Secretary Clinton on Thursday warned NATO allies not to abandon Afghanistan and predicted a violent spring. [ Well, there you go … something to look forward to … sounds like a plan … you know, that progress thing so touted by gates / petraeus … remind us that these people, particularly innocent civilians, died for no good reason at all. .. america's defacto bankruptcy. 'Alas, poor america … a nation of infinite jest, and unexcellent fancy … and pervasive criminality' …IED casualties in Afghanistan spike (WP) [ Yeah! That progress thing’s a b**ch! What do you expect them to say? That the money spent / diverted to these lucrative for the few war profiteers (360 tons of $100 bills flown into Iraq disappear, etc.) has been worth the defacto bankruptcy of the nation. Drudgereport: Congresswoman calls Afghanistan 'national embarrassment'... 'Epic failure'... Woolsey (D-CA) says Afghanistan war a disaster. "This war represents an epic failure, a national embarrassment and a moral blight," Rep. Woolsey said. [Though broke, they’re still voting for more war across the board.. this war is a blowback-creating, self-perpetuating, self-destructive, self-defeating, colossally expensive debacle benefiting war profiteers / lobbies and frauds while diverting attention from the more ’mundane’ tasks of governance. War on Terror is a Reichstag Fire False Flag Operation Sartre | If you really want justice for the 911 murders, you must face reality and look within your own government for the true terrorists.

Why Does the Terrorist Kingpin Look Better Than He Did in 2001? Washington’s Blog

Bin Laden Hoax….The Rest Of The Story Cartalucci .. examination of mainstream media’s headlines and interviews with the CIA director himself calls into question the official narrative.

Hoax: White House Claims 4-Year-Old Bin Laden Video Is New Footage

Then, of course, there’s also: that ‘pearl harbor event’ so sought by the neo-cons / war mongers still defies explanation (ie., the ‘stand-down order’, symmetrical implosions, foreknowledge by some {who conveniently ‘missed the party’ that day}, etc.. Some links, echoing the unbelief akin to the ‘Jessica Lynch’, Tillman, etc., affairs follow. People must realize that though having but 5% of the world’s population, america can boast 76% of the world’s serial killers, and the highest crime rates in the world by far. ]

Raj Rajaratnam Found Guilty On All Counts [ I share the following sentiments from Wall St Cheat Sheet: ‘…2) Insiders are finally getting busted. Although the media loves the Raj Rajaratnam trial and his guilty on all 14 counts, who really gives a s*** compared with what large banks, investment banks, and mortgage companies did to the US economy. So long as the Dick Fulds of the world are sipping champagne in Capri, Italy, these insider trading cases are basically sideshows…’ ] SEC urged to ease fundraising rules (Washington Post) [ REDUNDANT! I mean come on! Any more ‘easing’ and we’d be in negative territory where they actually reward you for breaking the rules which is currently the reality in pervasively corrupt, defacto bankrupt, meaningfully lawless america. Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billiions from the fraud ). UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown.

‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

People must realize that though having but 5% of the world’s population, america can boast 76% of the world’s serial killers and the highest crime rates in the world by far. http://www.albertpeia.com/realifeamericaserialkillers.mpg . Defacto bankrupt, fraudulent america also spends more on military spending than all the nations of the world combined... federal employees / contractors, cia, all 3 branches of the u.s. government, etc., are included in this evolved american trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ). That perverse field of dreams I’ve previously alluded to, the american nightmare, if you build / contrive war, they will come. And, they do; seals of them (among others); and when their ‘tours’ are done, it’s murder inc./contract killing for hire that they’ve won (cia, mob, etc.). The 20th century, the ‘bloodiest century’, not coincidentally referred to as the american century, brings longings of nostalgia to american criminals who, like Pavlov’s dogs salivate at the prospect of killing, raping, pillaging, and plundering which primitive mindset they have mistakenly been conditioned to connect to their now irretrievably lost success as a nation state; and to the contrary, has become globally and domestically self-destructive / self-defeating. The entire 911 / Bin Laden scenario just doesn’t pass the smell test and reeks of political desperation and Orwellian opportunism.

Minyanville's T3 Daily Recap: Market Drops, Commodities Plummet After Unconvincing Bounce ‘The market erased gains from the two-day bounce to start the week, before bouncing slightly into the close. Despite indices tracking higher Monday and Tuesday, there were signs that the market was still not healthy after extremely bearish action last week. Today's sell-off confirms those suspicions, and tomorrow's open will be very interesting. The next big levels to watch to the downside in the S&P are the 21-day moving average (which held today), last week's pivot low at 1329.17, and then the 50-day currently at 1322.26. Commodities got hit hard once again after a brief oversold bounce as the dollar regained strength and broke last week's pivot high. Silver dropped like a rock, finishing the day down 8.3%. Crude prices also fell precipitously, with the United States Oil Fund LP (USO) falling 4.2%. The dollar has been strong by default as the Euro has plummeted on downgrades of and fears about Greece, while surprisingly dovish comments from ECB Chairmain Jean-Claude Trichet also weighed.’

Fed official calls for vigilance Action may be taken against even the possibility of a surge of higher prices, Jeffrey M. Lacker says. (Washington Post) [ Who’s still buying their b***s***! Much higher prices / inflation’s already here. They conveniently have said they’re using an ‘inflating strategy’ for asset prices, also known as inflation. Why? Because high inflation is here! 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline’ ] States face shortfall for retirees Study: Affordable rentals scarce (WP) Poll: For Obama, low marks on Afghan war Fuel prices cut into Obama popularity (WP) (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast turmoil to obfuscate their failure. Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come! America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Bernanke prepares to make history (WP) [ He already has! $6 gas acomin’, $1,508+ gold, $46+ silver, other commodities at record levels, hyperinflation as predicted well on the way from over-printing of fiat paper currency by fed as predicted, etc., Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic performance of the past ten years, equity valuations are the 2nd largest bubble in U.S. history... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued according to this valuation metric. The only time the markets have been more overvalued was a few brief months in 1929 and the tech bubble

... growth in earnings have been artificially manufactured...

· The change in accounting rules for the financial sector by FASB has generated massive “false” account profits beginning in 2009, corporate subsidies, etc.

ECONOMIC CRISIS ARCHIVE

Who shot bin Laden? Former SEALs fill in the blanks (Washington Post) [ Well, here I am on the same page as a former navy seal: Jesse Ventura Questions Obama’s Narrative Of Bin Laden Raid Former Navy SEAL and Governor of Minnesota Jesse Ventura has questioned Barack Obama’s official narrative regarding the raid on Osama Bin Laden, telling the Alex Jones Show of his suspicions that Osama died years ago, and expressing disbelief that the man seen flicking between TV channels in the video released by the White House Saturday was actually Bin Laden. [Who is foolish enough to believe anything they say; particularly their scripted, ever-changing, evolving, self-serving accounts belied only by truth / reality as told by those with true courage and integrity; as, for example Jessica Lynch, etc. White House Press Secretary “Floundering Under Pressure” Of Flip-Flopping Bin Laden Fable Staged: White House “Situation Room” Photos Part Of Bin Laden Fable .. No resistance in “cold-blooded” U.S. raid: Pakistan officials US Government Contractor Claims “Al-Qaeda” Has Confirmed Bin Laden Fairytale Watson The Cost of Bin Laden: $3 Trillion Over 15 Years What do we have to show for that tab? Two wars that continue to occupy 150,000 troops and tie up a quarter of our defense budget; a bloated homeland-security apparatus that has at times pushed the bounds of civil liberty. Bin Had The Growing Coverup: Osama and “The Big Lie” The Obama administration and the corporate media are concocting an ever-more elaborate and spectacular theater around the “heroic” murder of the CIA intelligence myth/CIA asset Osama bin Laden. Red Alert: Government Had Osama bin Laden Frozen for Years Nimmo / Jones | Videos [ I personally believe Osama’s been dead for quite some time. Indeed, for one on dialysis, he otherwise would have been nothing less than a modern day miracle in terms of longevity / mortality rates for those so afflicted, particularly under the ‘stressful’ circumstances involving evading capture, betrayal for money, etc.. His ‘surfacing’ for a ‘talk’ wouldn’t even pass muster in the most rudimentary requirements for ‘proof of life’. The release at this time of the ‘announcement’ is, rather than a victory lap so to speak, but rather a sign of weakness and desperation on the part of america whose global and domestic economic, financial, and geopolitical position is substantially diminished and declining rapidly and whose military industrial complex welfare plan along with the Orwellian diversion of the masses could at best yield but a pyrrhic victory. Moreover, the same comes at a time of systemic failure for pervasively corrupt, defacto bankrupt america While the ‘announcement’ plays well for the nonce, to the dumb, uninformed back home, the same will galvanize resistance in the name of their now martyr, Osama Bin Laden.]

A push for new Afghan strategy The administration needs to clarify its Afghan mission and exit plan, some leading lawmakers say. (Washington Post) [ Riiiiight! That umpteenth new strategy / progress thing … pervasively corrupt, defacto bankrupt america can really afford it … Clinton predicts violent spring in Afghanistan (Washington Post) Secretary of State Hillary Clinton on Thursday warned NATO allies not to abandon Afghanistan and predicted a violent spring in the war there. [ Well, there you go … something to look forward to … sounds like a plan … you know, that progress thing so touted by gates / petraeus … remind us that these people, particularly innocent civilians, died for no good reason at all. .. america's defacto bankruptcy. 'Alas, poor america … a nation of infinite jest, and unexcellent fancy … and pervasive criminality' …IED casualties in Afghanistan spike (Washington Post) [ Yeah! That progress thing’s a b**ch! What do you expect them ( Petraeus optimistic on war ) to say? That the money spent / diverted to these lucrative for the few war profiteers (360 tons of $100 bills flown into Iraq disappear, etc.) has been worth the defacto bankruptcy of the nation. Drudgereport: Congresswoman calls Afghanistan 'national embarrassment'... 'Epic failure'... Rep. Lynn Woolsey (D-CA) talks about the "disastrous" war that is Afghanistan. "This war represents an epic failure, a national embarrassment and a moral blight," Rep. Woolsey said. [Though broke, they’re still voting for more war across the board.. this war is a blowback-creating, self-perpetuating, self-destructive, self-defeating, colossally expensive debacle benefiting war profiteers / lobbies and frauds while diverting attention from the more ’mundane’ tasks of governance. War on Terror is a Reichstag Fire False Flag Operation Sartre | If you really want justice for the 911 murders, you must face reality and look within your own government for the true terrorists.

Why Does the Terrorist Kingpin Look Better Than He Did in 2001? Washington’s Blog

Bin Laden Hoax….The Rest Of The Story Cartalucci .. examination of mainstream media’s headlines and interviews with the CIA director himself calls into question the official narrative.

Hoax: White House Claims 4-Year-Old Bin Laden Video Is New Footage

Then, of course, there’s also: that ‘pearl harbor event’ so sought by the neo-cons / war mongers still defies explanation (ie., the ‘stand-down order’, symmetrical implosions, foreknowledge by some {who conveniently ‘missed the party’ that day}, etc.. Some links, echoing the unbelief akin to the ‘Jessica Lynch’, Tillman, etc., affairs follow. People must realize that though having but 5% of the world’s population, america can boast 76% of the world’s serial killers, and the highest crime rates in the world by far. ]

The States Strike Back Paul Joseph Watson | Rise of the Republic: Rhodes, Boldin and Smith.

Special Operations Elite and the Osama Death Op Kurt Nimmo | New Pentagon fusion center runs Delta hunter-killer teams.

Federal Spychips To Hijack Your Phone Paul Joseph Watson | The Obama administration is engaged in a totalitarian takeover of all communications.

18 Facts Prove Illegal Immigration Is Absolute Nightmare For U.S. Economy The Economic Collapse | The government has absolutely refused to secure the U.S. border with Mexico for decades.

China: The New Bin Laden Hillary Clinton, the low-grade moron who is US Secretary of State, is busy at work making China the new enemy of Oceania.

An Empire of Evil Fantasies: The Hollywoodification of Washington The American people are prisoners of state terror and victims of totalitarian propaganda. The American mind has been under a government and media siege ever since September 11, 2001 when the Bush administration committed the deadliest terrorist attack against America in U.S. history.

The Assasination of Osama bin Laden: Glaring Anomalies in the Official Narrative For those who believe in omens, the triumphal announcement of the murder of Osama bin Laden, his son and various of his household (if it were he) by US., special forces, did not bode well.

Americans Are The Most Gullible People On The Planet Here’s a reminder that the vast majority of Americans are amongst the most gullible people on the planet. President Obama’s ability to pose as a “tough guy” over the contrived fable of the Bin Laden raid, allied with a return to simple-minded Bush-style terror fearmongering and helpful media spin on the economy, has enabled him to secure a massive 13 point bounce in approval ratings.

Ron Paul To Decide On 2012 Run “Within The Week” Texas Congressman Ron Paul says he will make a decision on whether to launch a 2012 presidential bid within the next seven days.

Special Operations Elite and the Osama Death Op Obama’s raid inside Pakistan that reportedly killed Osama bin Laden and members of his family was conducted by the Joint Special Operations Command (JSOC) who dispatched special operations elite hunter-killer commandos. It was likely run out of a new JSOC fusion center staffed by elite military and selected members of the government.

Boehner seeks more than $2 trillion in cuts (Washington Post) [ I’m sure I’m not alone in thinking ‘Riiiiight! … that’ll happen … and all without cuts to endless war spending … while the situation’s more than that dire, the advice is … don’t hold your breath! Milbank: The GOP’s juvenile debate (Washington Post) [ Mr. Milbank has lamentably become the rush limbaugh / sean hannity of the newspaper world, though he barks and apologizes for dems (and wobama the b for b*** s***) only (as they for the gop / bushies only). A political minefield in Treasury plan (Washington Post) [ What plan! . Let the budget battle begin Congress returns to a lengthy fight over the nation’s solvency. (WP) [ Stated another way, the nation’s solvency is over. .. america’s defacto bankrupt with no end in sight.. interest alone is eating progressively into GDP beyond the subterfuge.. Gerson: How serious are we about the deficit? (WP) [ Not much! I mean come on! Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ … Suckers’ rally to keep suckers suckered: Philadelphia Fed Depresses Economists Durden ‘..And here comes the first indicator that Q2 GDP is about to be mass revised by everyone, courtesy of Japan, and ongoing inflation pressures: the Philadelphia Fed collapsed from a revised 43.4 (a 27 year high) to 18.5, the lowest since November 2010… This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! U.S. Economy Remains on Life Support Hansen ‘

• The Federal Reserve press conference contained almost no new economic insights; and,
• An FOMC meeting with no policy changes or insights..

CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims’  Cases against Wall Street lag despite Holder’s vows to target financial fraud Obama has promised to hold Wall Street accountable for the meltdown. ):

‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Editorial: Bin Laden raid no vindication of torture (Washington Post) [ While I don’t disagree with this Editorial, I do disagree with the premise; viz., that they truly sought to prevent that ultimate ‘pearl harbor event’, to ratchet up the war spending / military industrial complex welfare plan with broad based enthusiasm / support. Even war-monger mccain supports this which also finds support in international law, treaties, conventions.I can only wonder what the presence of substantially underrated President General Eisenhower would have meant, and truly believe this entire debacle and the nation’s decline would have been avoided. “All In All It Appears That Eisenhower’s Worst Fears Have Been Realized And His Remarkable And Unique Warnings Given For Naught” [ I personally believe, and the factual, historical realities support that President General Eisenhower is without question the most under-rated president in america’s short-lived history. Is there anyone who foolishly would believe this man (Ike) of honor, the quintessential General / Commander in Chief would be sacrificing lives (american among many others) and treasury for the sake of war profiteers, greed, fraud, etc., as now? ] President Eisenhower’s warned us about the growing threat from the military-industrial complex – and it’s threat to our prosperity – 50 years ago. Eisenhower’s Worst Fears Have Been Realized Washington’s Blog | All in all it appears that Eisenhower’s worst fears have been realized and his remarkable and unique warnings given for naught. ….. Indeed, 911 itself; that ‘pearl harbor event’ so sought by the neo-cons / war mongers still defies explanation (ie., the ‘stand-down order’, symmetrical implosions, foreknowledge by some {who conveniently ‘missed the party’ that day}, etc.. Some links, echoing the disbelief akin to the ‘Jessica Lynch’, Tillman, etc., affairs follow. People must realize that though having but 5% of the world’s population, america can boast 76% of the world’s serial killers and the highest crime rates in the world by far. That perverse field of dreams I’ve previously alluded to, the american nightmare, if you build / contrive war, they will come. And, they do; seals of them (among others); and when their ‘tours’ are done, it’s murder inc./contract killing for hire that they’ve won (cia, mob, etc.). The 20th century, the ‘bloodiest century’, not coincidentally referred to as the american century, brings longings of nostalgia to american criminals who, like Pavlov’s dogs salivate at the prospect of killing, raping, pillaging, and plundering which primitive mindset they have mistakenly been conditioned to connect to their now irretrievably lost success as a nation state; and, to the contrary, has become globally and domestically self-destructive / self-defeating. The entire 911 / Bin Laden scenario just doesn’t pass the smell test and reeks of political desperation and Orwellian opportunism.

More talk on troubled borrowers fund State attorneys general descend on Washington to negotiate aid for troubled homeowners … More bad economic news for Greece A year into its rescue program, the country is behind schedule and may require more help to stay solvent.

(Washington Post) [ And don’t forget the troubled states. Ask Meredith Whitney! She was right last time, and this time, like last last time, she’s takin’ it on the chin from the permabull wall street frauds: Meredith Whitney Sticks to Her Guns Today Roche ‘Talk about holding onto a losing trade. At the Milken Conference yesterday, Meredith Whitney said there was nothing controversial about her muni call, maintaining that she has more conviction about the muni crisis call than anything in her entire career. Via Bloomberg:

Whitney said on the panel, “It’s not that big of a call..There’s nothing controversial about that call, if you look at the numbers.”

“You can criticize me for everything you want, I’m just numb to it because I have more conviction on this than I’d had on any single thing in my career.”

On the same panel, David Solomon, Goldman Sachs’ co-head of investment banking said, “I don’t think we’re doomed. I think the resources available to us, and the changes that will evolve as we come out of a very, very difficult economic period that we’ve been stuck in over the past couple of years, will provide more flexibility than I think Meredith believes.”

Whitney is certainly right that the states are suffering fiscal woes; however, as we’ve seen in Europe, there are mechanisms that can be utilized to combat these issues. While I still maintain that there is a chance of local defaults, I think the United States will be proactive in fending off a euro-style crisis.

And that means the US federal government will do what it has always done. It will credit the bank accounts of the states in order to ensure that any single municipality cannot cause widespread economic hardship throughout the United States. This would be nothing new. The US has always credited the bank accounts of the states that are part of this union.

If Europe was truly united, we would see the same thing occurring in Europe; however, because it's not united, it instead chooses austerity due to fears of inflation. The reality is that the ECB is not creating inflation; it's merely stopping the potentially deflationary debacle that would ensue with sovereign defaults.

I would hope that a truly United States of America would be a bit more caring of its own member states.’

Strange Week: Wall Street Takes a Dive Hansen ‘Strange week on Wall Street.

Weekly unadjusted initial unemployment claims popped above the 2010 year-ago number.

http://static.seekingalpha.com/uploads/2011/5/8/saupload_z_unemployment2.png

China chided over fiscal policies China has bigger-than-forecast surplus (Washington Post) [ Arguing with success … that new axiom for pervasively corrupt, defacto bankrupt america, supplanting that old cliché that ‘you can’t argue with success’. Chided over fiscal policies as China has bigger-than-forecast surplus … Is this some parallel universe that pervasively corrupt, defacto bankrupt america operates in? If only China had the benefit of my own experience in meaningfully lawless america, I’d say they’d easily defend the onslaught of disingenuous rhetoric (and a bit late) from pervasively corrupt, defacto bankrupt america. Indeed, 911 itself; that ‘pearl harbor event’ so sought by the neo-cons / war mongers still defies explanation (ie., the ‘stand-down order’, symmetrical implosions, foreknowledge by some {who conveniently ‘missed the party’ that day}, etc.. Some links, echoing the unbelief akin to the ‘Jessica Lynch’, Tillman, etc., affairs follow. People must realize that though having but 5% of the world’s population, america can boast 76% of the world’s serial killers and the highest crime rates in the world by far. http://www.albertpeia.com/realifeamericaserialkillers.mpg . Defacto bankrupt, fraudulent america also spends more on military spending than all the nations of the world combined... federal employees / contractors, cia, all 3 branches of the u.s. government, etc., are included in this evolved american trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ). That perverse field of dreams I’ve previously alluded to, the american nightmare, if you build / contrive war, they will come. And, they do; seals of them (among others); and when their ‘tours’ are done, it’s murder inc./contract killing for hire that they’ve won (cia, mob, etc.). The 20th century, the ‘bloodiest century’, not coincidentally referred to as the american century, brings longings of nostalgia to american criminals who, like Pavlov’s dogs salivate at the prospect of killing, raping, pillaging, and plundering which primitive mindset they have mistakenly been conditioned to connect to their now irretrievably lost success as a nation state; and to the contrary, has become globally and domestically self-destructive / self-defeating. The entire 911 / Bin Laden scenario just doesn’t pass the smell test and reeks of political desperation and Orwellian opportunism. ]

US Postal Service reports $2.2B loss for quarter... [ And, let me add that they deserved that loss. The USPS is totally unreliable and basically a jobs program for the otherwise unemployable; and, they are also corrupt. I’ve previously set forth the scenario where the postal service waylaid dvd disks sent priority/confirmation and a second time, certified mail, to the FBI (violations of federal law, tampering, obstruction, etc.), and ultimately additional copies of said disks were delivered by the reliable, efficient, competitive, performance-driven UPS (their parcel rates are roughly the same and yet half the delivery time – Fedex is as unreliable as the USPS-and for some time had a deal with the USPS). Amazon, Ebay, though a boon to the USPS, have consistently failed to deliver in the realm of computers / peripherals. The following includes a prior testimonial to the service, reliability of PRO Computer Center ( http://www.procomputercenter.com Pro Computer Center, 10837 Santa Monica Blvd., Los Angeles, CA 90025 ) . Pro Computer Center is among the few remaining stores of their kind. They are performance / service / customer oriented like no other surviving computer retailer / repairer / service providers I’ve experienced. They’ve also moved into the realm of computer forensics / data recovery in the context of court proceedings where they’ve successfully performed where others failed and at substantially more reasonable rates than ‘the competition’. My most recent computer problems accounting for some website / posting delays has been once again been resolved by them and another Dell computer (the circumstances of the most recent debacle was a barrage of Trojans caught by my antivirus, one after another, then shutting down my antivirus, ultimately freezing (no boot) my computer (I previously alluded to my reasonable suspicions as to who perpetrated same). My experiences with such as Amazon, Ebay have been atrocious and borderline if not outright fraudulent (the shoddy sellers), time consuming, and aggravating in the ‘claims process’. Moreover, the other brick and mortar stores, even if reputable, have a fine print which lays most of the warrantee/ guarantee on the manufacturer. In sum, Pro Computer Center does not have any ‘real’ competition. They are currently building me a backup computer that comports with my budget and their survival as a company, though somewhat rare among computer retailers of their type, is totally understandable and a testament to high quality performance and service. (Prior testimonial:
Pro Computer Center

10837 Santa Monica Blvd.

Los Angeles, CA 90025

Gentlemen:

I just wanted to extend to you and your company my sincere thanks for a job well done. The Dell computer I recently purchased from you has lived up to all your representations and as well, my own expectations. I bought my first computer from you (Ben) in or around 1999. It was a Sony Vaio laptop which owing to Windows Millenium and a very proprietary approach to computing on the part of Sony, truth be told, was not the greatest system in terms of stability (typical Millenium problems), but no fault of yours. Ultimately, though functional, I traded the Vaio for a Mac, an accommodation by your company seldom seen with other companies if at all (3+ years later). You’ve always stood by your products / service, are available / accessible to field / handle all questions / problems which is rare indeed. In Armand you have a top-notch A+ Certified Tech who is patient, knowledgeable, and talented. Ruben, in truth has been particularly instrumental in seeing to a smooth transition in my recent dealings with your company as a knowledgeable IT Specialist and especially as a savvy, capable manager. Since 1999 I’ve purchased five computers from you and based upon performance, the sixth is assured.

Sincerely,

Albert L. Peia ) ]

Trump University's Unhappy Students [ trump university … don’t make me laugh! ] Among the many things that Donald Trump has stamped with his brand is a little-known endeavor called Trump University.  In Trump’s true exaggerational style, the university isn’t what it appears to be. It isn’t an accredited university at all, but a for-profit entity that sells classes on how to invest in and make money from real estate. Some of its students claim in a class-action lawsuit in federal court that the thing Trump University does best is sell its own classes.

Marcus Baram over at Huffington Post has a thoroughly reported piece on Trump University on Friday. I have spent part of the past week digging into some of the same issues that Baram did.

The case against Trump University alleges that “The primary lesson Trump University teaches its students is how to spend more money by buying more Trump Seminars.” Students say they were encouraged to raise the credit limit on their credit cards so they could spend up to $35,000 to take a Trump University multi-day seminar.

The case is not new –it was filed last year in U.S. District Court in San Diego –but the judge may rule on it as soon as this month. The complaint in the suit says attorneys general in six states have received “numerous complaints against Trump University” and the Texas Attorney General began investigating in January 2010.

George Sorial, assistant general counsel at the Trump Organization, denies the suit’s claims. Sorial told me that 11,000 students have taken Trump University courses and most have been happy. He sent me copies of customer satisfaction surveys that rank the courses highly. He also sent a video interview with Tarla Makaeff, one of the plaintiffs in the class action suit, taken in August 2008 in Los Angeles after a Trump U seminar, in which she praises the program.

Makaeff, a former fashion and handbag designer in San Diego,  says via email that the video interview of her was manipulative, and that before it was taken she had already complained toTrump University about not making any money off her $35,000 investment in a seminar.  “They … knew I had to give a positive response [in the video] and cooperate with them and a camera being shoved in my face in order to get further support and services from them for my $35,000 investment which I had yet to make any money off in 1 year despite verbal promises otherwise since day one,” Makaeff continues in an email.

The Trump Organization has also countersued Makaeff for $1 million, alleging defamation. A judge has denied Makaeff’s motion to dismiss the counterclaim. Call it the case of the billionaire vs. the handbag designer.

The question is what affect, if any, the lawsuits might have on billionaire Donald Trump, should he decide to run for president. Oh, and there’s a lesson, too. Before you decide to spend $35,000 on a Trump University seminar, remember what its lawyers say: “Trump University cannot guarantee riches any more than Harvard University can guarantee a Rhodes Scholarship or MIT can guarantee a Nobel Prize.”

Dionne: Who is Obama? Now we know. (Washington Post) [ Oh really? Now you tell us what you really know about this fraud and failed president. Barack Obama: The Naked Emperor Shocking but true revelations from David Icke (a must read) | ‘…He has been covertly funded and supported ever since by the Trilateral Commission and its network of foundations connecting into the Ford Foundation, for whom Obama's mother worked... Does anyone really believe that someone, a 'man of the people', would simply appear from apparently nowhere to run the slickest and best-funded presidential campaign in American history? He was chosen long ago by those who wish to enslave the very people that Obama says he wants to 'set free'. The sources of Obama funding .. - Goldman, UBS, Citi, Credit Suisse, Deutsche, J.P. Morgan Chase, Morgan Stanley, etc. No wonder he went back on his pledge to accept the limitations of public funding … Obama is just more of the same, a big smile with strings attached, and controlled completely by those that chose him, trained him, sold him and provided his record funding, kept his many skeletons under wraps, like the gay sex and crack cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to be with your Presidential camp, who is alleged to claim that someone claiming to represent me called asking for $100,000, to keep me from coming forward about our (Obama and I) November 1999 encounter of sex and cocaine use?), ... Obama is just another Banksters' moll prostituting himself .., and that's why he supported the grotesque bail-out of the banking system and why he will always put their interests before the people. His financial advisors are straight from the Wall Street 'A' list, … Zionist Tim Geithner (Bilderberg Group, Trilateral Commission, Council on Foreign Relations), was appointed Treasury Secretary, a former employee of both the Council on Foreign Relations and the appalling Kissinger Associates. Obama's Treasury team locks into the inner circle around the Zionist Robert Rubin, Citi, Council on Foreign Relations, and economic advisor to Obama. Rubin, ..Illuminati Bilderberg Group, the man behind Citi's debacle.. rescued by taxpayers' money. The very people who caused the financial crisis .. appointed by Obama .. CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ...’  Cases against Wall Street lag despite Holder’s vows to target financial fraud Obama has promised to hold Wall Street accountable for the meltdown. ):

‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

TRUMP TO GIBBS: YOU'RE 'A LOSER' [‘Another trumped-up case of the pot calling the kettle black’]... TRUMP: Obama Not Worthy of Ivy Leagues... [ Talk about the pot calling the kettle black … trump’s b.s., low grade (penn) ivy league (courtesy of papa mobster trump who ‘twisted his arm to go’ so people would take him ‘seriously’ – papa mobster trump would pound the undistinguished academically / athletically, Donald with the mantra, ‘you’re a killer, you’re a king’ in film noir melodramatic fashion which proved too much for the more balanced and ‘chosen / favored’ elder brother trump who committed suicide. The old man also required trump to go to prep / military / boarding school where according to a classmate, Ted Levine, trump used to wet / pee in his bed. ) vegetable garden in the same manner as dumbya bush … mobster trump and people like trump are part of the problem (total b*** s***, fraud, etc., as in his home turf, mob-infested sinkholes, jersey / new york), not the solution. Indeed, trump is an interesting mental case in that he evolved from narcissist (those inflated grandiose moods coupled with feelings of inferiority – he loved to obsessively read those hitler speeches for inspiration and to pump himself up according to Ivana Trump) to severe case of antisocial personality disorder [ predatory disregard for and violation of the rights of others – hence, those sophomoric soundbite solutions to complex problems as, ie., taking oil fields(Libya), 25% tariff on Chinese (actually including american goods made in China), drug money laundering in his casinos, bribery, etc. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]

In a rational nation that wasn’t in decline as pervasively corrupt, defacto bankrupt america, trump and sister Maryanne would both be in prison.

'Terrible student,' not good enough for Harvard... Biden daughter trashes Trump...
Bill Cosby slams: 'He's full of it!'...
Trump Takes On NYT, Gail Collins...
Admires her for surviving 'so long with so little talent'...
NBCWSJ POLL SHOCK: TRUMP #2 GOP [ NBC where t_rump has his Jerry Springer derivative shock-jock show and sinkhole new york's fraud street journal … poll? … Don't make me laugh … Lawrence O'Donnell insists parent company NBC consider firing Donald Trump Daily Caller ... Milbank: Donald trumps CPAC | Gibbs gone (Washington Post) [ Trump’s a loser, dressed up and propped up by and to shill for a declining, fallen nation in the most corrupt regions (ie., new york, jersey, etc.) of the country (every fallen nation has such); of that there is no question …"Over the years I've participated in many battles and have really almost come out very, very victorious every single time," the Donald said. (Except for the bankruptc[ies], that is. [ trump’s never won a battle that wasn’t fixed in advance (including the ‘pre-packaged bankrupcies’ crammed down the throats of objecting creditors – jersey general ] He also with his corrupt mob ilk 'chased' Steve Wynn out of jersey – Steve Wynn's doing extremely well in Macau and Vegas.) "I've beaten many people and companies, and I've won many wars," he added. (Though he didn't serve in the military.) "I have fairly [according to mobster rules; ie., bribery, money laundering, etc.] but intelligently [ as any other mob boss … trump is total b*** s***, a fraud, and lightweight … and, despite the façade, quite insecure … trump’s a total mental case … He truly is the ‘poster-boy’ of american decline and part of the problem, not the solution! …trump also said america’s become the laughingstock of the world … true enough … and trump the biggest joke … NEWS FLASH: Direct from Lost Angeles Learning Annex – Presenting mobster t_rump of new yoke, new joyzey, and now caleefornia mob fame with his continuing message for the past several years: buy real estate (and watch the values go down…..riiiiight!).
Bank sues Trump over Chicago tower loan...
Trump casino to miss interest payment...
trump’s fired (from ‘his own company’)

Gunfire Erupts Inside trump Taj Mahal Casino, 1 Dead - Second Such Incident In A Year At N.J. Mainstay Ends With Employee Killed – What else would you you expect from a mobster’s casino in mob-infested jersey!

Trump luxury resort folds, leaving buyers defrauded…litigation has commenced…send for sister maryanne, the corrupt federal judge to preside, coverup, etc., she’s in n.y./n.j./pa 3rd circuit ct appeals, understands drug money laundering/fraud and handles her own motions to recuse her and like mobster trump should be in jail  ... (see RICO Case)] earned many billions of dollars [ at whose expense ], which in a sense was both a scorecard and acknowledgment of my abilities [ to fool most of the people, all of the time. ] ." TRUMP DRAWS CHEERS, BOOS AT CONSERVATIVE CONFERENCE... PONDERING PRESIDENTIAL RUN... [Don’t make me laugh! … Donald T_rump Would Impose 25% Tax on China Imports if President [ trump also said america’s become the laughingstock of the world … true enough … and trump the biggest joke … Indeed, that trump even posits the possibility of a run when he should be in jail is a testament to just how big a laughingstock pervasively corrupt, defacto bankrupt america’s become! [ If he was mobster in chief, mobster and scoundrel trump wraps himself in populist american flag and offers up an (too little too late – typical lightweight) implausible solution to keep ‘the juice’ flowing though he’d already be in jail in a rational, non-declining nation with meaningful laws. All China has to do is dump (and not prospectively buy) their ever more and declining in value day-by-day (from dollar debasement policies) u.s. paper / bonds and overnight and the u.s. economy consequently thereby collapse. [ When you come right down to it, this has been america’s most significant export. Indeed, this irrevocable structural shift, hailed by cia men hw bush and clinton (clinton couldn’t have survived with them) by way of NAFTA as the greatest thing since sliced bread was indeed in no uncertain terms condemned and warned against by Perot, a man of honor who, unlike his opponents, could not be bought, which is the reason, in pervasively corrupt america, he could never have been elected. Interestingly, you may have noticed the good (but not great, other than the spotlight on pervasive bribery including judges, police, politicians, etc., being far too light) the film ‘The Untouchables’ getting a wide re-airing of late, purporting to be a significant part of american folklore / history / culture. However, the reality is that in america, and certainly today, the real story with impact is that of ‘The Touchables’. The reality is that Elliot Ness died a broken man; bankrupt, unable to even win election to the mayoralty of his then current hometown. He was incorruptible; and hence, in the real america, unelectable at the least if not also all but unemployable (he and his are among those few genetic anomalies in america as I’ve previously alluded to. How far america has fallen from even false perception! Pervasively corrupt, meaningfully lawless america can’t even fake it anymore. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal / judicial processes, etc., Defacto bankrupt, fraudulent america also spends more on offensive (defensive a misnomer / propaganda) military spending than all the nations of the world combined, and by a large margin at that. Do you see a pattern emerging here [ I unfortunately only belatedly did, and the feds, fed employees, cia, all 3 branches of the u.s. government, etc., are included in this evolved american trait of inherent criminality in the most nefarious sense … The pervasively corrupt american illegal system … corrupt u.s. courts / (lawyers) / judges: Their lifetime plush appointments should be abolished, which corrupt entities are unheard of in productive societies as China, Japan, etc.. Time to abolish these drags on society and eliminate their lifetime stipends and costly bureaucracies. Rules of law mean nothing to these typically corrupt americans. Most, including sam alito of the u.s. supreme court, concerning  drug money laundering and obstruction of justice in the 3^rd circuit ( also maryanne trump barry who covered-up drug money laundering through her brother’s casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it for the money, personal money, big, cash, untraceable money. The fog of war is great for such things (360 tons $100 bills flown into Iraq and missing, etc.). [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm  ]. america’s just a fraudulent and failed defacto bankrupt nation. ] “I would announce, without equivocation, a 25% tax increase on anything purchased from China.” ]

Drudgereport: US Postal Service reports $2.2B loss for quarter...
MICHELLE: KEEPS ON DANCING!
First Lady to host rapper who talks of killing cops...

USA FREAK OUT: TERROR FEARS; FALSE ALARMS...

Sen. Schumer Calls For Amtrak 'Do Not Ride' List...
Two tunnel 'breaches' cause scare in NYC...
Threats Divert Planes in Three Separate Incidents...
Passengers, flight crew subdue man banging on cockpit door...
Dallas Train Station Evacuated: Man Asked For Help Carrying Packages...
4 Arrested For Videotaping TSA Line At Denver...
SHOCK PHOTO: TSA LOOKING FOR 'POOP BOMBS?'
U.S.-Pak. Rift Widens...
Pak. warns of 'full force' response to future US raids...
S&P cuts Greece's rating...
BOEHNER TO DEMAND NOT BILLIONS, BUT TRILLIONS IN CUTS...

OIL REBOUNDS; 2ND LARGEST GAIN ON RECORD...

REPORT: Housing crash getting worse...
...values fall fastest rate since '08

Michelle Obama to host rapper at WH who talks of killing cops...

'COMMAND CENTER'...
Pakistan skeptical of U.S. claim bin Laden directed network...
Two loud explosions heard in town where bin Laden killed...
Videos show 9-11 mastermind watching himself on TV...
U.S. government censors tapes, cuts audio...
Inside bin Laden's squalid home...
NYT: Final days of domesticity...

Drone Strike Kills 15 in Pakistan...
First since bin Laden raid...

BIN LADEN SUPPORTERS RAGE ON THE STREETS OF LONDON, VOW REVENGE...
Stage mock funeral in front of US embassy...

Gas nat'l average: $3.99...
Eats 9% of household budgets...
Average price sets record in Indiana -- $4.25 a gallon...
$6.03 in Hawaii...
JAPAN URGES HALT AT THREE REACTORS...

UNEMPLOYMENT BACK UP TO 9.0%...

Fannie Mae Reports $8.7B Loss for First Quarter...
Seeks $8.5B more from taxpayers...

APRIL JOBS: +244,000...
FUZZY MATH: How can US add jobs but the unemployment rate go up?

Gas nat'l average: $3.99...
Eats 9% of household budgets...
Average price sets record in Indiana -- $4.25 a gallon...
$6.03 in Hawaii...

PAPER: GREECE EU EXIT?

Silver Plunge Spreads...
OIL GUTTED...
Price Slide Temporary, New Highs Likely: Goldman...
Fears linger of a new 'flash crash'...
Euro Tumbles...

CNN SHOCK POLL: RON PAUL HAS BEST CHANCE VS OBAMA
National Home Prices Double Dip...
JOBLESS CLAIMS RISE TO 8 MONTH HIGH...
Fears linger of a new 'flash crash'...

9-11 FAMILY: 'SHOW US PROOF BIN LADEN KILLED'...
Victim's father: Obama 'putting too much spotlight on himself'...
Channels Bush at Ground Zero: 'We will never forget'...
Tells teen survivor he knows Justin Bieber...
Turns Back on 9/11 Family Member...
AUDIO...
Muslim Brotherhood urges review of Israel ties...

Pakistanis burn U.S. flags; backlash over death grows...

Pakistan officials: No resistance in 'cold-blooded' U.S. raid...
Warns America not to stage any more...
Threatens 'disastrous consequences'...
Muslims already name dump location 'Martyr's Sea'...
OBAMA, NO PHOTOS OF OSAMA: 'We don't need to spike the football'...
'Conspiracy theorists will just claim doctored'...
Sen. Scott Brown: 'I've seen picture, he's definitely dead'...
UPDATE: Photo proving bin Laden's death to Sen. Brown was faked...
three senators fell for fakes...
UPDATE: 'The photo I saw and that a lot of other people saw is not authentic'...
Top Dem: No photo needed, 'there's absolute proof'...

REUTERS RELEASES 'DEATH SCENE' PHOTOS
**WARNING GRAPHIC**

UPDATE: Photo proving bin Laden's death to Sen. Brown was faked...
Possibly three senators fell for fakes...

Pakistan: 'Not a single bullet fired from compound'...
WIRE: Photos from 1 hour after raid show 3 dead, no weapons...
The Slippery Story of the bin Laden Kill...
Official says 'killed apparently by the U.S. raid team'...

DOLLAR HITS 3 YEAR LOW...
1 IN 7 ON FOOD STAMPS!
Job numbers disappoint...
Treasury suggests $2 trillion debt cap raise...

REUTERS, AP journalists describe staging of Obama photo taken after TV announcement of bin Laden's death...

Boehner seeks more than $2 trillion in cuts (Washington Post) [ I’m sure I’m not alone in thinking ‘Riiiiight! … that’ll happen … and all without cuts to endless war spending … while the situation’s more than that dire, the advice is … don’t hold your breath! Milbank: The GOP’s juvenile debate (Washington Post) [ Mr. Milbank has lamentably become the rush limbaugh / sean hannity of the newspaper world, though he barks and apologizes for dems (and wobama the b for b*** s***) only (as they for the gop / bushies only). A political minefield in Treasury plan (Washington Post) [ What plan! . Let the budget battle begin Congress returns to a lengthy fight over the nation’s solvency. (WP) [ Stated another way, the nation’s solvency is over. .. america’s defacto bankrupt with no end in sight.. interest alone is eating progressively into GDP beyond the subterfuge.. Gerson: How serious are we about the deficit? (WP) [ Not much! I mean come on! Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ … Suckers’ rally to keep suckers suckered: Philadelphia Fed Depresses Economists Durden ‘..And here comes the first indicator that Q2 GDP is about to be mass revised by everyone, courtesy of Japan, and ongoing inflation pressures: the Philadelphia Fed collapsed from a revised 43.4 (a 27 year high) to 18.5, the lowest since November 2010… This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! U.S. Economy Remains on Life Support Hansen ‘

• The Federal Reserve press conference contained almost no new economic insights; and,
• An FOMC meeting with no policy changes or insights..

CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims’  Cases against Wall Street lag despite Holder’s vows to target financial fraud Obama has promised to hold Wall Street accountable for the meltdown. ):

‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Editorial: Bin Laden raid no vindication of torture (Washington Post) [ While I don’t disagree with this Editorial, I do disagree with the premise; viz., that they truly sought to prevent that ultimate ‘pearl harbor event’, to ratchet up the war spending / military industrial complex welfare plan with broad based enthusiasm / support. Even war-monger mccain supports this which also finds support in international law, treaties, conventions.I can only wonder what the presence of substantially underrated President General Eisenhower would have meant, and truly believe this entire debacle and the nation’s decline would have been avoided. “All In All It Appears That Eisenhower’s Worst Fears Have Been Realized And His Remarkable And Unique Warnings Given For Naught” [ I personally believe, and the factual, historical realities support that President General Eisenhower is without question the most under-rated president in america’s short-lived history. Is there anyone who foolishly would believe this man (Ike) of honor, the quintessential General / Commander in Chief would be sacrificing lives (american among many others) and treasury for the sake of war profiteers, greed, fraud, etc., as now? ] President Eisenhower’s warned us about the growing threat from the military-industrial complex – and it’s threat to our prosperity – 50 years ago. Eisenhower’s Worst Fears Have Been Realized Washington’s Blog | All in all it appears that Eisenhower’s worst fears have been realized and his remarkable and unique warnings given for naught. . Indeed, 911 itself; that ‘pearl harbor event’ so sought by the neo-cons / war mongerers still defies explanation (ie., the ‘stand-down order’, symmetrical implosions, foreknowledge by some {who conveniently ‘missed the party’ that day}, etc.. Some links, echoing the unbelief akin to the ‘Jessica Lynch’, Tillman, etc., affairs follow. People must realize that though having but 5% of the world’s population, america can boast 76% of the world’s serial killers and the highest crime rates in the world by far. That perverse field of dreams I’ve previously alluded to, the american nightmare, if you build / contrive war, they will come. And, they do; seals of them (among others); and when their ‘tours’ are done, it’s murder inc./contract killing for hire that they’ve won (cia, mob, etc.). The 20th century, the ‘bloodiest century’, not coincidentally referred to as the american century, brings longings of nostalgia to american criminals who, like Pavlov’s dogs salivate at the prospect of killing, raping, pillaging, and plundering which primitive mindset they have mistakenly been conditioned to connect to their now irretrievably lost success as a nation state; and to the contrary, has become globally and domestically self-destructive / self-defeating. The entire 911 / Bin Laden scenario just doesn’t pass the smell test and reeks of political desperation and Orwellian opportunism.

Tea party vs. the RINOs Activists and lawmakers are split on what’s next. (Washington Post) [ Ah, yes! Those activists … those musket-bearing tea partyers … riiiiight, gotcha. What Mr. Milbank conveniently omits (too obvious, maybe?) is that the Tea Party is particularly adversarial to the DINs (democrat in name). Truth be told, I really don’t follow the Tea Party; but, it’s also true I don’t follow the democrats or republicans either. After all, I don’t consider myself a lemming, propelled to the precipice so to speak; and, moreover, posit an inevitable futility in light of past (and future) events. If only they had listened … made love, not war! Well, like the scorpion, it’s in their nature (I’m sure you remember that fable). Speaking of fables, they’re getting downright primetime:

The Osama Deception Corbett Report | James Corbett breaks down the Osama raid hoax and the “home video” footage.

Poll Reveals Most Mistrust Bin Laden Assassination Story Kurt Nimmo | Only 10 percent believe the official fairy tale.

Internal Passport: Terror Alert Overload Leads To Call For “No Ride List” Watson | Resurrection of Osama sees Israeli-style security coming to the streets of America.

10 Facts That Prove The Bin Laden Fable Is a Contrived Hoax Paul Watson | Every indication clearly points to last Sunday’s raid being a manufactured ploy to return Americans to a state of post-9/11 intellectual castration.

War on Terror is a Reichstag Fire False Flag Operation Sartre | If you really want justice for the 911 murders, you must face reality and look within your own government for the true terrorists.

Why Does the Terrorist Kingpin Look Better Than He Did in 2001? Washington’s Blog | In the newly-release videos, Bin Laden looks better than he did years ago.

Bin Laden Hoax….The Rest Of The Story Tony Cartalucci | Even a superficial examination of mainstream media’s headlines and interviews with the CIA director himself calls into question the official narrative.

Hoax: White House Claims 4-Year-Old Bin Laden Video Is New Footage Paul Joseph Watson | Dubious Bin Laden “Home Movies” Identical To Tapes Released 4 Years Ago By Pentagon Front Group

Then, of course, there’s also: that ‘pearl harbor event’ so sought by the neo-cons / war mongers still defies explanation (ie., the ‘stand-down order’, symmetrical implosions, foreknowledge by some {who conveniently ‘missed the party’ that day}, etc.. Some links, echoing the unbelief akin to the ‘Jessica Lynch’, Tillman, etc., affairs follow. People must realize that though having but 5% of the world’s population, america can boast 76% of the world’s serial killers, and the highest crime rates in the world by far. ]

More talk on troubled borrowers fund State attorneys general descend on Washington to negotiate aid for troubled homeowners … More bad economic news for Greece A year into its rescue program, the country is behind schedule and may require more help to stay solvent.

(Washington Post) [ And don’t forget the troubled states. Ask Meredith Whitney! She was right last time, and this time, like last last time, she’s takin’ it on the chin from the permabull wall street frauds: Meredith Whitney Sticks to Her Guns Today Roche ‘Talk about holding onto a losing trade. At the Milken Conference yesterday, Meredith Whitney said there was nothing controversial about her muni call, maintaining that she has more conviction about the muni crisis call than anything in her entire career. Via Bloomberg:

Whitney said on the panel, “It’s not that big of a call..There’s nothing controversial about that call, if you look at the numbers.”

“You can criticize me for everything you want, I’m just numb to it because I have more conviction on this than I’d had on any single thing in my career.”

On the same panel, David Solomon, Goldman Sachs’ co-head of investment banking said, “I don’t think we’re doomed. I think the resources available to us, and the changes that will evolve as we come out of a very, very difficult economic period that we’ve been stuck in over the past couple of years, will provide more flexibility than I think Meredith believes.”

Whitney is certainly right that the states are suffering fiscal woes; however, as we’ve seen in Europe, there are mechanisms that can be utilized to combat these issues. While I still maintain that there is a chance of local defaults, I think the United States will be proactive in fending off a euro-style crisis.

And that means the US federal government will do what it has always done. It will credit the bank accounts of the states in order to ensure that any single municipality cannot cause widespread economic hardship throughout the United States. This would be nothing new. The US has always credited the bank accounts of the states that are part of this union.

If Europe was truly united, we would see the same thing occurring in Europe; however, because it's not united, it instead chooses austerity due to fears of inflation. The reality is that the ECB is not creating inflation; it's merely stopping the potentially deflationary debacle that would ensue with sovereign defaults.

I would hope that a truly United States of America would be a bit more caring of its own member states.’

Strange Week: Wall Street Takes a Dive Hansen ‘Strange week on Wall Street.

Weekly unadjusted initial unemployment claims popped above the 2010 year-ago number.

http://static.seekingalpha.com/uploads/2011/5/8/saupload_z_unemployment2.png

China chided over fiscal policies China has bigger-than-forecast surplus (Washington Post) [ Arguing with success … that new axiom for pervasively corrupt, defacto bankrupt america, supplanting that old cliché that ‘you can’t argue with success’. Chided over fiscal policies as China has bigger-than-forecast surplus … Is this some parallel universe that pervasively corrupt, defacto bankrupt america operates in? If only China had the benefit of my own experience in meaningfully lawless america, I’d say they’d easily defend the onslaught of disingenuous rhetoric (and a bit late) from pervasively corrupt, defacto bankrupt america. Indeed, 911 itself; that ‘pearl harbor event’ so sought by the neo-cons / war mongerers still defies explanation (ie., the ‘stand-down order’, symmetrical implosions, foreknowledge by some {who conveniently ‘missed the party’ that day}, etc.. Some links, echoing the unbelief akin to the ‘Jessica Lynch’, Tillman, etc., affairs follow. People must realize that though having but 5% of the world’s population, america can boast 76% of the world’s serial killers and the highest crime rates in the world by far. http://www.albertpeia.com/realifeamericaserialkillers.mpg . Defacto bankrupt, fraudulent america also spends more on military spending than all the nations of the world combined... federal employees / contractors, cia, all 3 branches of the u.s. government, etc., are included in this evolved american trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ), That perverse field of dreams I’ve previously alluded to, the american nightmare, if you build / contrive war, they will come. And, they do; seals of them (among others); and when their ‘tours’ are done, it’s murder inc./contract killing for hire that they’ve won (cia, mob, etc.). The 20th century, the ‘bloodiest century’, not coincidentally referred to as the american century, brings longings of nostalgia to american criminals who, like Pavlov’s dogs salivate at the prospect of killing, raping, pillaging, and plundering which primitive mindset they have mistakenly been conditioned to connect to their now irretrievably lost success as a nation state; and to the contrary, has become globally and domestically self-destructive / self-defeating. The entire 911 / Bin Laden scenario just doesn’t pass the smell test and reeks of political desperation and Orwellian opportunism. ]

Milbank: The GOP’s juvenile debate (Washington Post) [ Mr. Milbank has lamentably become the rush limbaugh / sean hannity of the newspaper world, though he barks and apologizes for dems (and wobama the b for b*** s***) only (as limbaugh / hannity for the gop / bushies only). A political minefield in Treasury plan (Washington Post) Questions about deficit and growth complicate Treasury’s plan to overhaul corporate taxes. [ What plan! . Let the budget battle begin After two weeks of tumultuous meetings with constituents, Congress returns to a lengthy fight over the nation’s solvency. (WP) [ Or more aptly put, stated another way, the nation’s solvency is over. .. america’s defacto bankrupt with no end in sight.. interest alone is eating progressively into GDP beyond the subterfuge.. Gerson: How serious are we about the deficit? (WP) [ Not much! I mean come on! Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ … Suckers’ rally to keep suckers suckered: Philadelphia Fed Depresses Economists Durden ‘..And here comes the first indicator that Q2 GDP is about to be mass revised by everyone, courtesy of Japan, and ongoing inflation pressures: the Philadelphia Fed collapsed from a revised 43.4 (a 27 year high) to 18.5, the lowest since November 2010… This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! U.S. Economy Remains on Life Support Hansen ‘

• The Federal Reserve press conference by Chairman Bernanke which contained almost no new economic insights; and,
• An FOMC meeting with no policy changes or insights..

CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims’  Cases against Wall Street lag despite Holder’s vows to target financial fraud Obama has promised to hold Wall Street accountable for the meltdown. ):

‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Pledge not squaring with reality Obama’s vow to boost middle-class economic security at odds with corporate profits, unemployment. (Washington Post) [CEOs’ pay: It’s as if the Great Recession never happened (Washington Post) The typical big-business CEO made $9 million last year, exceeding pre-recession level. [ And ‘worth every penny’? Not likely in pervasively corrupt, defacto bankrupt america, leaders no more except in fraud, crime, manipulation, subterfuge. Imagine the comparisons to their foreign counterparts where value still has meaning. As if ‘never happened? How ‘bout not over, and worse to come! UBS bank admits rigging bids (WP) Swiss bank reaped millions of dollars of illegal profits by rigging municipal bond transactions in 36 states, government said. [ The key here is ‘Swiss’ and ‘millions of dollars of illegal profits’ when the american banks / wall street frauds’ generated hundreds of billions in illegal profits, which frauds continue to this day by way of slightly subdued high-frequency trading / commission-generated scams along with cover-up and cash-out from the last, still unprosecuted fraud in the trillions for which disgorgement, fines is long overdue. 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline..’ ] States face shortfall for retirees (WP) Public workers’ retirement funds had a gap of $1.26 trillion at the end of fiscal 2009 Study: Affordable rentals scarce (WP) Poll: For Obama, low marks on Afghan war (WP) More Americans disapprove of President Obama’s management of the war in Afghanistan than support it Fuel prices cut into Obama popularity (WP) (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast turmoil to obfuscate their failure. Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come! America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows ]

Meredith Whitney Sticks to Her Guns Today Roche ‘Talk about holding onto a losing trade. At the Milken Conference yesterday, Meredith Whitney said there was nothing controversial about her muni call, maintaining that she has more conviction about the muni crisis call than anything in her entire career. Via Bloomberg:

Whitney said on the panel, “It’s not that big of a call..There’s nothing controversial about that call, if you look at the numbers.”

“You can criticize me for everything you want, I’m just numb to it because I have more conviction on this than I’d had on any single thing in my career.”

On the same panel, David Solomon, Goldman Sachs’ co-head of investment banking said, “I don’t think we’re doomed. I think the resources available to us, and the changes that will evolve as we come out of a very, very difficult economic period that we’ve been stuck in over the past couple of years, will provide more flexibility than I think Meredith believes.”

Whitney is certainly right that the states are suffering fiscal woes; however, as we’ve seen in Europe, there are mechanisms that can be utilized to combat these issues. While I still maintain that there is a chance of local defaults, I think the United States will be proactive in fending off a euro-style crisis.

And that means the US federal government will do what it has always done. It will credit the bank accounts of the states in order to ensure that any single municipality cannot cause widespread economic hardship throughout the United States. This would be nothing new. The US has always credited the bank accounts of the states that are part of this union.

If Europe was truly united, we would see the same thing occurring in Europe; however, because it's not united, it instead chooses austerity due to fears of inflation. The reality is that the ECB is not creating inflation; it's merely stopping the potentially deflationary debacle that would ensue with sovereign defaults.

I would hope that a truly United States of America would be a bit more caring of its own member states.’

Don't Be Fooled By The Jobs Report Harding ‘This was a week that confirmed that the economic recovery has stalled.

We knew from the previous week that economic growth (GDP) slowed to just 1.8% in the March quarter from 3.1% in the December quarter.  This week it was reported that the ISM Non-Mfg Index, which tracks the service sector of the economy, plunged to 52.8 in April from 57.3 in March (versus the consensus estimate of economists that it would improve to 57.8).

It was a shocking report since the ISM Non-Manufacturing Index covers just about every business sector– everything from education, healthcare, finance, insurance and retail, to technology services, transportation, and mining, accounting for more than 80% of U.S. employment. At the same time it was reported that the ISM New Orders Index also plunged substantially, from 64.1 in March to 52.7 in April, not encouraging for service sector business activity for the next few months.

Commodity markets, already worried about what slowing global economies would do to demand for materials and supplies, reacted with further substantial declines. By the close on Thursday, the price of crude oil had collapsed from its high of $114.80 a barrel a week ago, to $99.75. The S&P GSCI Index of 24 raw materials fell 11.5% in just five days.

Fortunately, the stock market’s reaction to the further evidence that the economic recovery is in trouble was more muted. By the close on Thursday, the S&P 500 was down only 1.8% for the week.

And thankfully, on Friday morning the Labor Department released its monthly jobs report, which showed that 244,000 new jobs were created in April, 60,000 more than had been forecast, and the stock market surged up in reaction, with the Dow up 150 points within minutes of the market’s open.

Indeed the jobs report was good news, even though it was also reported that the unemployment rate rose to 9.0% from its previous level of 8.8%. But did the better than expected jobs report cancel out the even more surprising plunge in the ISM service sector index in April, reported the previous day?

I don’t think so. Even within the employment report the numbers show that 13.7 million people remained unemployed in April, still almost double the number just before the last recession began in December, 2007.  Including part-time workers who have not been able to find full-time jobs, and those who have given up looking for a job, the “underemployed” rate rose to 15.9% in April. That seems to more closely resemble what the ISM Index said about the economy slowing further in April.

And here’s the thing about the Labor Department’s monthly jobs report. As my subscribers know, I have always called it ‘The Big One’ as far as economic reports go. That’s because it’s so difficult for economists to forecast that it comes in with a big surprise in one direction or the other more often than any other series of reports. And that surprise results in a one or two day triple-digit move by the Dow in one direction or the other more often than any other report.

But the rest of that pattern is that the move is then most often reversed over the following two or three days, and the market returns to whatever its focus was before the report.

In this instance, with the 1^st quarter earnings reporting season pretty much over, that is liable to be a refocus on the slowing economic recovery that had it troubled prior to the jobs report.

Meanwhile, the collapse in commodity prices was another example of what happens when markets become overbought, and investor sentiment reaches extremes of bullishness, as was the case with commodities. The consensus opinion a week ago was that they could only move higher. $2,000 gold, $75 silver, $150 a barrel oil seemed assured. But when a surprise hits and investors head in a rush for the exit they discover they can’t all get through the door at once. Since most everyone interested in commodities was already invested there was no one willing to buy what they wanted to sell except at much lower prices.

Perhaps a cautionary tale for the stock market as it enters its unfavorable season with investors so bullish and anxious to jump in on any dip?’

Three-Theme Monty: Economic Conditions, Commodity Rally / Rout, Euro Crisis

A Rough Week for World Markets Short ‘This past week was a downer across major world markets. The Nikkei 225 is the one index showing a fractional gain, but it was closed three of the last six market days. The DAX was down fractionally, but the other markets finished deeper in the red. The table below shows the three-week trend of the seven markets I've been tracking in this series.

[ chart http://static.seekingalpha.com/uploads/2011/5/9/saupload_world_indexes_weekly_comp_110506_table.png ]

The chart below illustrates the comparative performance of World Markets since March 9, 2009. The start date is arbitrary: The S&P 500 and BSE SENSEX hit their lows on March 9th, the Nikkei 225 on March 10th, the DAX on March 6th, the FTSE on March 3rd, the Shanghai Composite on November 4, 2008, and the Hang Seng even earlier on October 27, 2008. However, by aligning on the same day and measuring the percent change, we get a better sense of the relative performance than if we align the lows.

[ chart Click for a larger image ]

A Longer Look Back

Here is the same chart starting from the turn of 21st century. The relative over-performance of the emerging markets (Shanghai, Mumbai, Hang Seng) is readily apparent.

[ chart Click for a larger image ]‘

Alan Greenspan “Betrayed” Ayn Rand [ Ayn Rand … Is that all? … If it was only Ayn Rand ] and Ruined the Economy [ With ‘no-recession-helicopter-ben’s coup de grace’, so to speak, in finishing ‘the job’. ] - Aaron Task "Ayn Rand would have never advocated for the kind of policies Alan Greenspan instituted," says Yaron Brook, President of the Ayn Rand Institute.

The Cost of Bin Laden: $3 Trillion Over 15 Years What do we have to show for that tab? Two wars that continue to occupy 150,000 troops and tie up a quarter of our defense budget; a bloated homeland-security apparatus that has at times pushed the bounds of civil liberty.

Paul Craig Roberts: What Is The Agenda Behind The Bin Laden Fable?

My mother is still gone The daughter of a 9/11 victim reflects on bin Laden’s death. (Washington Post) Parker: Bin Laden death was anti-climactic [ Paul Craig Roberts: What Is The Agenda Behind The Bin Laden Fable? The US government’s bin Laden story was so poorly crafted that it did not last 48 hours before being fundamentally altered. What agenda or agendas is the “death of bin Laden” designed to further? US Government Contractor Claims “Al-Qaeda” Has Confirmed Bin Laden Fairytale Paul Joseph Watson | SITE organization was behind release of fake “Al-Qaeda” tapes released at politically opportune times stretching back years Red Alert: Help Stop False Flag Terror Infowars.com | Alex warns about the potential for another false flag attack, urging listeners to call the White House. Terrorist Hunter: General Under Wolfowitz Told Me 9/11 Was False Flag Infowars.com | Government insider Dr. Steve R. Pieczenik cannot be dismissed as a “conspiracy theorist.” Pieczenik: The Psychological Resurrection of Osama Bin Laden Infowars.com | Critically acclaimed author of psycho-political thrillers, Steve Pieczenik continues his analysis of the so-called death of Osama bin Laden. The Cost of Bin Laden: $3 Trillion Over 15 Years What do we have to show for that tab? Two wars that continue to occupy 150,000 troops and tie up a quarter of our defense budget; a bloated homeland-security apparatus that has at times pushed the bounds of civil liberty.

Red Alert: Help Stop False Flag Terror Alex Jones calls in to warn about the potential for another false flag attack, urging listeners to activate, call the White House and try to stop the attack. Counter-terrorism expert Dr. Steve Pieczenik concurs with Alex’s outlook and urges the good men and women inside the system to say no to this shameful and dangerous tactic.

The Week Ahead: Is the Worst Over? [ Over? Much worse is yet to come! This is an especially great opportunity to sell / take profits while you still can since there's much, much worse to come! ]

Trump University's Unhappy Students [ trump university … don’t make me laugh! ] Among the many things that Donald Trump has stamped with his brand is a little-known endeavor called Trump University.  In Trump’s true exaggerational style, the university isn’t what it appears to be. It isn’t an accredited university at all, but a for-profit entity that sells classes on how to invest in and make money from real estate. Some of its students claim in a class-action lawsuit in federal court that the thing Trump University does best is sell its own classes.

Marcus Baram over at Huffington Post has a thoroughly reported piece on Trump University on Friday. I have spent part of the past week digging into some of the same issues that Baram did.

The case against Trump University alleges that “The primary lesson Trump University teaches its students is how to spend more money by buying more Trump Seminars.” Students say they were encouraged to raise the credit limit on their credit cards so they could spend up to $35,000 to take a Trump University multi-day seminar.

The case is not new –it was filed last year in U.S. District Court in San Diego –but the judge may rule on it as soon as this month. The complaint in the suit says attorneys general in six states have received “numerous complaints against Trump University” and the Texas Attorney General began investigating in January 2010.

George Sorial, assistant general counsel at the Trump Organization, denies the suit’s claims. Sorial told me that 11,000 students have taken Trump University courses and most have been happy. He sent me copies of customer satisfaction surveys that rank the courses highly. He also sent a video interview with Tarla Makaeff, one of the plaintiffs in the class action suit, taken in August 2008 in Los Angeles after a Trump U seminar, in which she praises the program.

Makaeff, a former fashion and handbag designer in San Diego,  says via email that the video interview of her was manipulative, and that before it was taken she had already complained toTrump University about not making any money off her $35,000 investment in a seminar.  “They … knew I had to give a positive response [in the video] and cooperate with them and a camera being shoved in my face in order to get further support and services from them for my $35,000 investment which I had yet to make any money off in 1 year despite verbal promises otherwise since day one,” Makaeff continues in an email.

The Trump Organization has also countersued Makaeff for $1 million, alleging defamation. A judge has denied Makaeff’s motion to dismiss the counterclaim. Call it the case of the billionaire vs. the handbag designer.

The question is what affect, if any, the lawsuits might have on billionaire Donald Trump, should he decide to run for president. Oh, and there’s a lesson, too. Before you decide to spend $35,000 on a Trump University seminar, remember what its lawyers say: “Trump University cannot guarantee riches any more than Harvard University can guarantee a Rhodes Scholarship or MIT can guarantee a Nobel Prize.”

Dionne: Who is Obama? Now we know. (Washington Post) [ Oh really? Now you tell us what you really know about this fraud and failed president. Barack Obama: The Naked Emperor Shocking but true revelations from David Icke (a must read) | ‘…He has been covertly funded and supported ever since by the Trilateral Commission and its network of foundations connecting into the Ford Foundation, for whom Obama's mother worked... Does anyone really believe that someone, a 'man of the people', would simply appear from apparently nowhere to run the slickest and best-funded presidential campaign in American history? He was chosen long ago by those who wish to enslave the very people that Obama says he wants to 'set free'. The sources of Obama funding .. - Goldman, UBS, Citi, Credit Suisse, Deutsche, J.P. Morgan Chase, Morgan Stanley, etc. No wonder he went back on his pledge to accept the limitations of public funding … Obama is just more of the same, a big smile with strings attached, and controlled completely by those that chose him, trained him, sold him and provided his record funding, kept his many skeletons under wraps, like the gay sex and crack cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to be with your Presidential camp, who is alleged to claim that someone claiming to represent me called asking for $100,000, to keep me from coming forward about our (Obama and I) November 1999 encounter of sex and cocaine use?), ... Obama is just another Banksters' moll prostituting himself .., and that's why he supported the grotesque bail-out of the banking system and why he will always put their interests before the people. His financial advisors are straight from the Wall Street 'A' list, … Zionist Tim Geithner (Bilderberg Group, Trilateral Commission, Council on Foreign Relations), was appointed Treasury Secretary, a former employee of both the Council on Foreign Relations and the appalling Kissinger Associates. Obama's Treasury team locks into the inner circle around the Zionist Robert Rubin, Citi, Council on Foreign Relations, and economic advisor to Obama. Rubin, ..Illuminati Bilderberg Group, the man behind Citi's debacle.. rescued by taxpayers' money. The very people who caused the financial crisis .. appointed by Obama .. CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ...’  Cases against Wall Street lag despite Holder’s vows to target financial fraud Obama has promised to hold Wall Street accountable for the meltdown. ):

‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

TRUMP TO GIBBS: YOU'RE 'A LOSER' [‘Another trumped-up case of the pot calling the kettle black’]... TRUMP: Obama Not Worthy of Ivy Leagues... [ Talk about the pot calling the kettle black … trump’s b.s., low grade (penn) ivy league (courtesy of papa mobster trump who ‘twisted his arm to go’ so people would take him ‘seriously’ – papa mobster trump would pound the undistinguished academically / athletically, Donald with the mantra, ‘you’re a killer, you’re a king’ in film noir melodramatic fashion which proved too much for the more balanced and ‘chosen / favored’ elder brother trump who committed suicide. The old man also required trump to go to prep / military / boarding school where according to a classmate, Ted Levine, trump used to wet / pee in his bed. ) vegetable garden in the same manner as dumbya bush … mobster trump and people like trump are part of the problem (total b*** s***, fraud, etc., as in his home turf, mob-infested sinkholes, jersey / new york), not the solution. Indeed, trump is an interesting mental case in that he evolved from narcissist (those inflated grandiose moods coupled with feelings of inferiority – he loved to obsessively read those hitler speeches for inspiration and to pump himself up according to Ivana Trump) to severe case of antisocial personality disorder [ predatory disregard for and violation of the rights of others – hence, those sophomoric soundbite solutions to complex problems as, ie., taking oil fields(Libya), 25% tariff on Chinese (actually including american goods made in China), drug money laundering in his casinos, bribery, etc. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]

In a rational nation that wasn’t in decline as pervasively corrupt, defacto bankrupt america, trump and sister Maryanne would both be in prison.

'Terrible student,' not good enough for Harvard... Biden daughter trashes Trump...
Bill Cosby slams: 'He's full of it!'...
Trump Takes On NYT, Gail Collins...
Admires her for surviving 'so long with so little talent'...
NBCWSJ POLL SHOCK: TRUMP #2 GOP [ NBC where t_rump has his Jerry Springer derivative shock-jock show and sinkhole new york's fraud street journal … poll? … Don't make me laugh … Lawrence O'Donnell insists parent company NBC consider firing Donald Trump Daily Caller ... Milbank: Donald trumps CPAC | Gibbs gone (Washington Post) [ Trump’s a loser, dressed up and propped up by and to shill for a declining, fallen nation in the most corrupt regions (ie., new york, jersey, etc.) of the country (every fallen nation has such); of that there is no question …"Over the years I've participated in many battles and have really almost come out very, very victorious every single time," the Donald said. (Except for the bankruptc[ies], that is. [ trump’s never won a battle that wasn’t fixed in advance (including the ‘pre-packaged bankrupcies’ crammed down the throats of objecting creditors – jersey general ] He also with his corrupt mob ilk 'chased' Steve Wynn out of jersey – Steve Wynn's doing extremely well in Macau and Vegas.) "I've beaten many people and companies, and I've won many wars," he added. (Though he didn't serve in the military.) "I have fairly [according to mobster rules; ie., bribery, money laundering, etc.] but intelligently [ as any other mob boss … trump is total b*** s***, a fraud, and lightweight … and, despite the façade, quite insecure … trump’s a total mental case … He truly is the ‘poster-boy’ of american decline and part of the problem, not the solution! …trump also said america’s become the laughingstock of the world … true enough … and trump the biggest joke … NEWS FLASH: Direct from Lost Angeles Learning Annex – Presenting mobster t_rump of new yoke, new joyzey, and now caleefornia mob fame with his continuing message for the past several years: buy real estate (and watch the values go down…..riiiiight!).
Bank sues Trump over Chicago tower loan...
Trump casino to miss interest payment...
trump’s fired (from ‘his own company’)

Gunfire Erupts Inside trump Taj Mahal Casino, 1 Dead - Second Such Incident In A Year At N.J. Mainstay Ends With Employee Killed – What else would you you expect from a mobster’s casino in mob-infested jersey!

Trump luxury resort folds, leaving buyers defrauded…litigation has commenced…send for sister maryanne, the corrupt federal judge to preside, coverup, etc., she’s in n.y./n.j./pa 3rd circuit ct appeals, understands drug money laundering/fraud and handles her own motions to recuse her and like mobster trump should be in jail  ... (see RICO Case)] earned many billions of dollars [ at whose expense ], which in a sense was both a scorecard and acknowledgment of my abilities [ to fool most of the people, all of the time. ] ." TRUMP DRAWS CHEERS, BOOS AT CONSERVATIVE CONFERENCE... PONDERING PRESIDENTIAL RUN... [Don’t make me laugh! … Donald T_rump Would Impose 25% Tax on China Imports if President [ trump also said america’s become the laughingstock of the world … true enough … and trump the biggest joke … Indeed, that trump even posits the possibility of a run when he should be in jail is a testament to just how big a laughingstock pervasively corrupt, defacto bankrupt america’s become! [ If he was mobster in chief, mobster and scoundrel trump wraps himself in populist american flag and offers up an (too little too late – typical lightweight) implausible solution to keep ‘the juice’ flowing though he’d already be in jail in a rational, non-declining nation with meaningful laws. All China has to do is dump (and not prospectively buy) their ever more and declining in value day-by-day (from dollar debasement policies) u.s. paper / bonds and overnight and the u.s. economy consequently thereby collapse. [ When you come right down to it, this has been america’s most significant export. Indeed, this irrevocable structural shift, hailed by cia men hw bush and clinton (clinton couldn’t have survived with them) by way of NAFTA as the greatest thing since sliced bread was indeed in no uncertain terms condemned and warned against by Perot, a man of honor who, unlike his opponents, could not be bought, which is the reason, in pervasively corrupt america, he could never have been elected. Interestingly, you may have noticed the good (but not great, other than the spotlight on pervasive bribery including judges, police, politicians, etc., being far too light) the film ‘The Untouchables’ getting a wide re-airing of late, purporting to be a significant part of american folklore / history / culture. However, the reality is that in america, and certainly today, the real story with impact is that of ‘The Touchables’. The reality is that Elliot Ness died a broken man; bankrupt, unable to even win election to the mayoralty of his then current hometown. He was incorruptible; and hence, in the real america, unelectable at the least if not also all but unemployable (he and his are among those few genetic anomalies in america as I’ve previously alluded to. How far america has fallen from even false perception! Pervasively corrupt, meaningfully lawless america can’t even fake it anymore. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal / judicial processes, etc., Defacto bankrupt, fraudulent america also spends more on offensive (defensive a misnomer / propaganda) military spending than all the nations of the world combined, and by a large margin at that. Do you see a pattern emerging here [ I unfortunately only belatedly did, and the feds, fed employees, cia, all 3 branches of the u.s. government, etc., are included in this evolved american trait of inherent criminality in the most nefarious sense … The pervasively corrupt american illegal system … corrupt u.s. courts / (lawyers) / judges: Their lifetime plush appointments should be abolished, which corrupt entities are unheard of in productive societies as China, Japan, etc.. Time to abolish these drags on society and eliminate their lifetime stipends and costly bureaucracies. Rules of law mean nothing to these typically corrupt americans. Most, including sam alito of the u.s. supreme court, concerning  drug money laundering and obstruction of justice in the 3^rd circuit ( also maryanne trump barry who covered-up drug money laundering through her brother’s casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it for the money, personal money, big, cash, untraceable money. The fog of war is great for such things (360 tons $100 bills flown into Iraq and missing, etc.). [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm  ]. america’s just a fraudulent and failed defacto bankrupt nation. ] “I would announce, without equivocation, a 25% tax increase on anything purchased from China.” ]

Drudgereport: USA FREAK OUT: TERROR FEARS; FALSE ALARMS...

Sen. Schumer Calls For Amtrak 'Do Not Ride' List...
Two tunnel 'breaches' cause scare in NYC...
Threats Divert Planes in Three Separate Incidents...
Passengers, flight crew subdue man banging on cockpit door...
Dallas Train Station Evacuated: Man Asked For Help Carrying Packages...
4 Arrested For Videotaping TSA Line At Denver...
SHOCK PHOTO: TSA LOOKING FOR 'POOP BOMBS?'
U.S.-Pak. Rift Widens...
Pak. warns of 'full force' response to future US raids...
S&P cuts Greece's rating...
BOEHNER TO DEMAND NOT BILLIONS, BUT TRILLIONS IN CUTS...

OIL REBOUNDS; 2ND LARGEST GAIN ON RECORD...

REPORT: Housing crash getting worse...
...values fall fastest rate since '08

Michelle Obama to host rapper at WH who talks of killing cops...

'COMMAND CENTER'...
Pakistan skeptical of U.S. claim bin Laden directed network...
Two loud explosions heard in town where bin Laden killed...
Videos show 9-11 mastermind watching himself on TV...
U.S. government censors tapes, cuts audio...
Inside bin Laden's squalid home...
NYT: Final days of domesticity...

Drone Strike Kills 15 in Pakistan...
First since bin Laden raid...

BIN LADEN SUPPORTERS RAGE ON THE STREETS OF LONDON, VOW REVENGE...
Stage mock funeral in front of US embassy...

Gas nat'l average: $3.99...
Eats 9% of household budgets...
Average price sets record in Indiana -- $4.25 a gallon...
$6.03 in Hawaii...
JAPAN URGES HALT AT THREE REACTORS...

UNEMPLOYMENT BACK UP TO 9.0%...

Fannie Mae Reports $8.7B Loss for First Quarter...
Seeks $8.5B more from taxpayers...

APRIL JOBS: +244,000...
FUZZY MATH: How can US add jobs but the unemployment rate go up?

Gas nat'l average: $3.99...
Eats 9% of household budgets...
Average price sets record in Indiana -- $4.25 a gallon...
$6.03 in Hawaii...

PAPER: GREECE EU EXIT?

Silver Plunge Spreads...
OIL GUTTED...
Price Slide Temporary, New Highs Likely: Goldman...
Fears linger of a new 'flash crash'...
Euro Tumbles...

CNN SHOCK POLL: RON PAUL HAS BEST CHANCE VS OBAMA
National Home Prices Double Dip...
JOBLESS CLAIMS RISE TO 8 MONTH HIGH...
Fears linger of a new 'flash crash'...

9-11 FAMILY: 'SHOW US PROOF BIN LADEN KILLED'...
Victim's father: Obama 'putting too much spotlight on himself'...
Channels Bush at Ground Zero: 'We will never forget'...
Tells teen survivor he knows Justin Bieber...
Turns Back on 9/11 Family Member...
AUDIO...
Muslim Brotherhood urges review of Israel ties...

Pakistanis burn U.S. flags; backlash over death grows...

Pakistan officials: No resistance in 'cold-blooded' U.S. raid...
Warns America not to stage any more...
Threatens 'disastrous consequences'...
Muslims already name dump location 'Martyr's Sea'...
OBAMA, NO PHOTOS OF OSAMA: 'We don't need to spike the football'...
'Conspiracy theorists will just claim doctored'...
Sen. Scott Brown: 'I've seen picture, he's definitely dead'...
UPDATE: Photo proving bin Laden's death to Sen. Brown was faked...
three senators fell for fakes...
UPDATE: 'The photo I saw and that a lot of other people saw is not authentic'...
Top Dem: No photo needed, 'there's absolute proof'...

REUTERS RELEASES 'DEATH SCENE' PHOTOS
**WARNING GRAPHIC**

UPDATE: Photo proving bin Laden's death to Sen. Brown was faked...
Possibly three senators fell for fakes...

Pakistan: 'Not a single bullet fired from compound'...
WIRE: Photos from 1 hour after raid show 3 dead, no weapons...
The Slippery Story of the bin Laden Kill...
Official says 'killed apparently by the U.S. raid team'...

DOLLAR HITS 3 YEAR LOW...
1 IN 7 ON FOOD STAMPS!
Job numbers disappoint...
Treasury suggests $2 trillion debt cap raise...

REUTERS, AP journalists describe staging of Obama photo taken after TV announcement of bin Laden's death...

Trail to bin Laden began with phone call (Washington Post) [ It’s truly difficult not to like Mr. Woodward or not to receive well anything he reports on. After all, having been played on the big screen by extremely likeable Robert Redford, I’m constrained to say I myself am predisposed to liking Mr. Woodward (Hoffman/Bernstein – not so much) and being thusly more receptive to what he has to say (that ‘transfer aspect’ of ‘propaganda’ which I was fortunate to have studied in sixth grade, the advanced reading group, courtesy of James Bresnahan, undoubtedly the best teacher I’ve ever had, grade for grade – he treated young people as more than just kids, with exposure to the great classics, classical music, slides and insights from his wide-ranging world travels, etc.). This is not to say Mr. Woodward should in any way be diminished inasmuch as his substantial journalistic credentials and contributions speak for themselves (particularly his recent piece, at great peril I believe, on the ubiquity of security clearances in the Washington metro area). Moreover, his contributions are invariably a welcomed positive for the great paper, The Washington Post. Yet, Mr. Woodward was a ‘navy man’, after all; and, I can’t help but think, with all the scripted, staged hoopla surrounding the Bin Laden affair, his ‘gorge rises at it’. Indeed, 911 itself; that ‘pearl harbor event’ so sought by the neo-cons / war mongerers still defies explanation (ie., the ‘stand-down order’, symmetrical implosions, foreknowledge by some {who conveniently ‘missed the party’ that day}, etc.. Some links, echoing the unbelief akin to the ‘Jessica Lynch’, Tillman, etc., affairs follow. Additionally, people must remain atuned to the reality that though having but 5% of the world’s population, america can boast 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg . Defacto bankrupt, fraudulent america also spends more on military spending than all the nations of the world combined... federal employees / contractors, cia, all 3 branches of the u.s. government, etc., are included in this evolved american trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ], and the highest crime rates in the world by far. That perverse field of dreams I’ve previously alluded to, the american nightmare, if you build / contrive war, they will come. And, they do; seals of them (among others); and when their ‘tours’ are done, it’s murder inc./contract killing for hire that they’ve won (cia, mob, etc.). The 20th century, the ‘bloodiest century’, not coincidentally referred to as the american century, brings longings of nostalgia to american criminals who, like Pavlov’s dogs salivate at the prospect of killing, raping, pillaging, and plundering which primitive mindset they have mistakenly been conditioned to connect to their now irretrievably lost success as a nation state, and to the contrary, has become globally and domestically self-destructive / self-defeating. In so short a period of time, it is unlikely that Mr. Woodward could do an incisive investigative piece as he’s become famed for; nor could he reasonably be expected to have done so given the ‘breaking nature’ of the story. The entire 911 / Bin Laden scenario just doesn’t pass the smell test and reeks of political desperation and Orwellian opportunism. Uncharacteristically, and somewhat disingenuously, I’m not going to read his article so that I can continue to like Bob Woodward Redford.

Paul Craig Roberts: What Is The Agenda Behind The Bin Laden Fable?

U.S. economy adds 244,000 jobs But the unemployment rate edged up last month, showing that the outlook for workers remains grim (Washington Post) [244,000 jobs added in April Associated Press In biggest hiring spree in five years, employers posted a third straight month of hiring; unemployment rose to 9 percent as people resumed looking for work. Interactive: Why it doesn’t feel like a recovery (Washington Post) [ Short answer: Because it’s really not a recovery! What jobs? $1 dollar a day, 3 days a year … and on government pork projects for the porkers’ reelection campaigns? I don’t think so! Obama’s victory lap (Washington Post) The killing of bin Laden offered hope of instant renewal. [ Only wobama aficionado Mr. Milbank could latch onto this propagandist Orwellian dream and call it victory. Sounds like he’s shootin’ for a job in this failed presidency/administration as others, including from the Post.. 10 Reasons 2011 Is Feeling More and More Like 2008 Jensen ‘..it eerily feels like the months before the financial crisis and meltdown of 2008. .. impending and significant pullback over the summer.

10 reasons 2011 ..like 2008.

1. Gas prices rising rapidly, starting to impact consumer spending and sentiment. On Thursday, gas prices hit this highest level since July 31^st, 2008 and have risen every month since last August, up over 30% ..
2. Despite numerous federal programs (mostly failed), the housing market remains moribund. ..
3. The Federal Reserve continues to be behind the curve. In 2008, the subprime loan problem was “contained”. In 2011, Bernanke can’t seem to see any signs of inflation despite rapidly rising energy and food prices (they are not “core” components of the Index Blind Ben
4. In 2008, we were fighting military actions in two Middle Eastern countries; Iraq and Afghanistan. In 2011, we are still fighting in Iraq and Afghanistan and have added ½ a war in Libya, .. a higher floor for oil prices ..
5. World food prices increased dramatically in the 1st and 2nd quarter of 2008 creating a global crisis and causing political and economical instability and social unrest ..In 2008, this produced food riots in many developing countries. In 2011, we have uprisings throughout the Middle East ..
6. In May 2008, the market was worried about which was the next financial institution ..what European sovereign state will be the next to need a bailout after Greece, Ireland and Portugal and what the ramifications will be for the credit markets.
7. In 2008, gold hit $900 an ounce in January of that year and $1000 an ounce for the first time in March 2008. In 2011, gold and silver just hit all time highs last week
8. As in 2008, U.S. GDP growth was anemic in the first quarter.. In 2011, GDP growth ..shows a significant slowdown from previous qtr.
9. As in 2008, the fiscal and monetary policies of the United States have led to a decline in the value of its currency
10. In 2008, China, the world’s third largest economy, instituted a series of measures to curb growth in order to address increasing inflation and the beginnings of a property bubble.. ]

Pledge not squaring with reality Obama’s vow to boost middle-class economic security at odds with corporate profits, unemployment. (Washington Post) [CEOs’ pay: It’s as if the Great Recession never happened (Washington Post) The typical big-business CEO made $9 million last year, exceeding pre-recession level. [ And ‘worth every penny’? Not likely in pervasively corrupt, defacto bankrupt america, leaders no more except in fraud, crime, manipulation, subterfuge. Imagine the comparisons to their foreign counterparts where value still has meaning. As if ‘never happened? How ‘bout not over, and worse to come! UBS bank admits rigging bids (WP) Swiss bank reaped millions of dollars of illegal profits by rigging municipal bond transactions in 36 states, government said. [ The key here is ‘Swiss’ and ‘millions of dollars of illegal profits’ when the american banks / wall street frauds’ generated hundreds of billions in illegal profits, which frauds continue to this day by way of slightly subdued high-frequency trading / commission-generated scams along with cover-up and cash-out from the last, still unprosecuted fraud in the trillions for which disgorgement, fines is long overdue. 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline..’ ] States face shortfall for retirees (WP) Public workers’ retirement funds had a gap of $1.26 trillion at the end of fiscal 2009

Study: Affordable rentals scarce (WP)

Poll: For Obama, low marks on Afghan war (WP) More Americans disapprove of President Obama’s management of the war in Afghanistan than support it

Fuel prices cut into Obama popularity (WP) (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast turmoil to obfuscate their failure. Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come! America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows ]

]

Al-Qaeda vows retaliation on U.S. Online posting attributed to group also confirms the death of Osama bin Laden. (Washington Post) [ Paul Craig Roberts: What Is The Agenda Behind The Bin Laden Fable?

CIA spied on bin Laden in town of Abbottabad (Washington Post) Agency maintained secret facility for a small team of spies who conducted extensive surveillance over a period of months on Osama bin Laden’s compound. [ Come on! Who is foolish enough to believe anything they say; particularly their scripted, ever-changing, evolving, self-serving accounts belied only by truth / reality as told by those with true courage and integrity; as, for example Jessica Lynch, etc. Top Terrorist Hunter For U.S. Government: Wolfowitz General Told Me 9/11 Was False Flag 9/11 Families Snub Obama’s “Photo-Op” White House Press Secretary “Floundering Under Pressure” Of Flip-Flopping Bin Laden Fable Pentagon Dinner Guest al-Awlaki Slated to Replace Osama as the new face of terror in a war designed to last forever. Staged: White House “Situation Room” Photos Part Of Bin Laden Fable .. it has emerged that the dramatic photos of Obama, Biden, Hillary Clinton and members of the White House security team watching the assassination of Bin Laden “live” were in fact completely staged, casting further doubt on the ever-changing official account of the operation. Hillary Clinton Claims ‘Allergy Not Anguish’ Reason For Photo As Evidence Points to PR Stunt No resistance in “cold-blooded” U.S. raid: Pakistan officials US Government Contractor Claims “Al-Qaeda” Has Confirmed Bin Laden Fairytale Paul Joseph Watson | SITE organization was behind release of fake “Al-Qaeda” tapes released at politically opportune times stretching back years The Cost of Bin Laden: $3 Trillion Over 15 Years What do we have to show for that tab? Two wars that continue to occupy 150,000 troops and tie up a quarter of our defense budget; a bloated homeland-security apparatus that has at times pushed the bounds of civil liberty. Bin Had The Growing Coverup: Osama and “The Big Lie” The Obama administration and the corporate media are concocting an ever-more elaborate and spectacular theater around the “heroic” murder of the CIA intelligence myth/CIA asset Osama bin Laden. Not content to simply to exploit the 9/11 atrocity for political gain, the administration is heaping new layers of lie and cover-up to the original crime. Staged Al Qaeda Rail Attack Plot To Be Used To Further Implement TSA At “Soft” Spots Nationwide? Red Alert: Government Had Osama bin Laden Frozen for Years Nimmo / Jones | Videos [ I personally believe Osama’s been dead for quite some time. Indeed, for one on dialysis, he otherwise would have been nothing less than a modern day miracle in terms of longevity / mortality rates for those so afflicted, particularly under the ‘stressful’ circumstances involving evading capture, betrayal for money, etc.. His ‘surfacing’ for a ‘talk’ wouldn’t even pass muster in the most rudimentary requirements for ‘proof of life’. The release at this time of the ‘announcement’ is, rather than a victory lap so to speak, but rather a sign of weakness and desperation on the part of america whose global and domestic economic, financial, and geopolitical position is substantially diminished and declining rapidly and whose military industrial complex welfare plan along with the Orwellian diversion of the masses could at most yield a pyrrhic victory which also would require for consummation a wrap-up of this nation-bankrupting contrived war scenario, which is not likely. Moreover, the same comes at a time of systemic failure for pervasively corrupt, defacto bankrupt america While the ‘announcement’ plays well for the nonce, to the dumb, uninformed back home, the same will galvanize resistance in the name of their now martyr, Osama Bin Laden. In sum, other than somewhat questionable propaganda value, the announcement will have no measurable effect on america’s continuing mideast / global debacle. In other words, defacto bankrupt america has used up a ‘bullet’, albeit a blank at that! ]

My mother is still gone The daughter of a 9/11 victim reflects on bin Laden’s death. (Washington Post) Parker: Bin Laden death was anti-climactic [ Paul Craig Roberts: What Is The Agenda Behind The Bin Laden Fable? The US government’s bin Laden story was so poorly crafted that it did not last 48 hours before being fundamentally altered. What agenda or agendas is the “death of bin Laden” designed to further? US Government Contractor Claims “Al-Qaeda” Has Confirmed Bin Laden Fairytale Paul Joseph Watson | SITE organization was behind release of fake “Al-Qaeda” tapes released at politically opportune times stretching back years Red Alert: Help Stop False Flag Terror Infowars.com | Alex warns about the potential for another false flag attack, urging listeners to call the White House. Terrorist Hunter: General Under Wolfowitz Told Me 9/11 Was False Flag Infowars.com | Government insider Dr. Steve R. Pieczenik cannot be dismissed as a “conspiracy theorist.” Pieczenik: The Psychological Resurrection of Osama Bin Laden Infowars.com | Critically acclaimed author of psycho-political thrillers, Steve Pieczenik continues his analysis of the so-called death of Osama bin Laden. The Cost of Bin Laden: $3 Trillion Over 15 Years What do we have to show for that tab? Two wars that continue to occupy 150,000 troops and tie up a quarter of our defense budget; a bloated homeland-security apparatus that has at times pushed the bounds of civil liberty.

Titanic insurer Atlantic Mutual sinks

Sell in May: Still Valid? Roche ‘Here is an interesting expansion on the idea of Sell in May. Fidelity Investments elaborates by combining several time cycle indicators into one. The result – still Sell in May:

On the negative side, it is coming to that point in the cycle where, seasonally, the market tends to take a pause, also known as Sell in May and Go Away.

Since, historically markets have tended to follow cyclical patterns such as this, I compiled the seasonal pattern, the four-year presidential cycle, and the 10-year decennial cycle into a composite performance index and projected the pattern. So far, the stock market has followed this roadmap very closely, so over the next two years. As you can see in the chart below, the market has closely tracked these historical cyclical patterns Since December 2009. Because of this, I think it bears watching. (Past performance is no guarantee of future results.)

click to enlarge

http://static.seekingalpha.com/uploads/2011/5/6/saupload_time_cycles1105_thumb1.jpg

Clear Capital: The Housing Double Dip Is Now Official Today

Meredith Whitney Sticks to Her Guns Today Roche ‘Talk about holding onto a losing trade. At the Milken Conference yesterday, Meredith Whitney said there was nothing controversial about her muni call, maintaining that she has more conviction about the muni crisis call than anything in her entire career. Via Bloomberg:

Whitney said on the panel, “It’s not that big of a call..There’s nothing controversial about that call, if you look at the numbers.”

“You can criticize me for everything you want, I’m just numb to it because I have more conviction on this than I’d had on any single thing in my career.”

On the same panel, David Solomon, Goldman Sachs’ co-head of investment banking said, “I don’t think we’re doomed. I think the resources available to us, and the changes that will evolve as we come out of a very, very difficult economic period that we’ve been stuck in over the past couple of years, will provide more flexibility than I think Meredith believes.”

Whitney is certainly right that the states are suffering fiscal woes; however, as we’ve seen in Europe, there are mechanisms that can be utilized to combat these issues. While I still maintain that there is a chance of local defaults, I think the United States will be proactive in fending off a euro-style crisis.

And that means the US federal government will do what it has always done. It will credit the bank accounts of the states in order to ensure that any single municipality cannot cause widespread economic hardship throughout the United States. This would be nothing new. The US has always credited the bank accounts of the states that are part of this union.

If Europe was truly united, we would see the same thing occurring in Europe; however, because it's not united, it instead chooses austerity due to fears of inflation. The reality is that the ECB is not creating inflation; it's merely stopping the potentially deflationary debacle that would ensue with sovereign defaults.

I would hope that a truly United States of America would be a bit more caring of its own member states.’

Don't Be Fooled By The Jobs Report Harding ‘This was a week that confirmed that the economic recovery has stalled.

We knew from the previous week that economic growth (GDP) slowed to just 1.8% in the March quarter from 3.1% in the December quarter.  This week it was reported that the ISM Non-Mfg Index, which tracks the service sector of the economy, plunged to 52.8 in April from 57.3 in March (versus the consensus estimate of economists that it would improve to 57.8).

It was a shocking report since the ISM Non-Manufacturing Index covers just about every business sector– everything from education, healthcare, finance, insurance and retail, to technology services, transportation, and mining, accounting for more than 80% of U.S. employment. At the same time it was reported that the ISM New Orders Index also plunged substantially, from 64.1 in March to 52.7 in April, not encouraging for service sector business activity for the next few months.

Commodity markets, already worried about what slowing global economies would do to demand for materials and supplies, reacted with further substantial declines. By the close on Thursday, the price of crude oil had collapsed from its high of $114.80 a barrel a week ago, to $99.75. The S&P GSCI Index of 24 raw materials fell 11.5% in just five days.

Fortunately, the stock market’s reaction to the further evidence that the economic recovery is in trouble was more muted. By the close on Thursday, the S&P 500 was down only 1.8% for the week.

And thankfully, on Friday morning the Labor Department released its monthly jobs report, which showed that 244,000 new jobs were created in April, 60,000 more than had been forecast, and the stock market surged up in reaction, with the Dow up 150 points within minutes of the market’s open.

Indeed the jobs report was good news, even though it was also reported that the unemployment rate rose to 9.0% from its previous level of 8.8%. But did the better than expected jobs report cancel out the even more surprising plunge in the ISM service sector index in April, reported the previous day?

I don’t think so. Even within the employment report the numbers show that 13.7 million people remained unemployed in April, still almost double the number just before the last recession began in December, 2007.  Including part-time workers who have not been able to find full-time jobs, and those who have given up looking for a job, the “underemployed” rate rose to 15.9% in April. That seems to more closely resemble what the ISM Index said about the economy slowing further in April.

And here’s the thing about the Labor Department’s monthly jobs report. As my subscribers know, I have always called it ‘The Big One’ as far as economic reports go. That’s because it’s so difficult for economists to forecast that it comes in with a big surprise in one direction or the other more often than any other series of reports. And that surprise results in a one or two day triple-digit move by the Dow in one direction or the other more often than any other report.

But the rest of that pattern is that the move is then most often reversed over the following two or three days, and the market returns to whatever its focus was before the report.

In this instance, with the 1^st quarter earnings reporting season pretty much over, that is liable to be a refocus on the slowing economic recovery that had it troubled prior to the jobs report.

Meanwhile, the collapse in commodity prices was another example of what happens when markets become overbought, and investor sentiment reaches extremes of bullishness, as was the case with commodities. The consensus opinion a week ago was that they could only move higher. $2,000 gold, $75 silver, $150 a barrel oil seemed assured. But when a surprise hits and investors head in a rush for the exit they discover they can’t all get through the door at once. Since most everyone interested in commodities was already invested there was no one willing to buy what they wanted to sell except at much lower prices.

Perhaps a cautionary tale for the stock market as it enters its unfavorable season with investors so bullish and anxious to jump in on any dip?’

CEOs’ pay: It’s as if the Great Recession never happened (Washington Post) The typical big-business CEO made $9 million last year, exceeding pre-recession level. [ And ‘worth every penny’? Not likely in pervasively corrupt, defacto bankrupt america, leaders no more except in fraud, crime, manipulation, subterfuge. Imagine the comparisons to their foreign counterparts where value still has meaning. As if ‘never happened? How ‘bout not over, and worse to come! UBS bank admits rigging bids (WP) Swiss bank reaped millions of dollars of illegal profits by rigging municipal bond transactions in 36 states, government said. [ The key here is ‘Swiss’ and ‘millions of dollars of illegal profits’ when the american banks / wall street frauds’ generated hundreds of billions in illegal profits, which frauds continue to this day by way of slightly subdued high-frequency trading / commission-generated scams along with cover-up and cash-out from the last, still unprosecuted fraud in the trillions for which disgorgement, fines is long overdue. 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline..’ ] States face shortfall for retirees (WP) Public workers’ retirement funds had a gap of $1.26 trillion at the end of fiscal 2009

Study: Affordable rentals scarce (WP)

Poll: For Obama, low marks on Afghan war (WP) More Americans disapprove of President Obama’s management of the war in Afghanistan than support it

Fuel prices cut into Obama popularity (WP) (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast turmoil to obfuscate their failure. Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come! America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows ]

A political minefield in Treasury plan (Washington Post) Questions about deficit and growth complicate Treasury’s plan to overhaul corporate taxes. [ What plan! . Let the budget battle begin After two weeks of tumultuous meetings with constituents, Congress returns to a lengthy fight over the nation’s solvency. (WP) [ Or more aptly put, stated another way, the nation’s solvency is over. .. america’s defacto bankrupt with no end in sight.. interest alone is eating progressively into GDP beyond the subterfuge.. Gerson: How serious are we about the deficit? (WP) [ Not much! I mean come on! Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ … Suckers’ rally to keep suckers suckered: Philadelphia Fed Depresses Economists Durden ‘..And here comes the first indicator that Q2 GDP is about to be mass revised by everyone, courtesy of Japan, and ongoing inflation pressures: the Philadelphia Fed collapsed from a revised 43.4 (a 27 year high) to 18.5, the lowest since November 2010… This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! U.S. Economy Remains on Life Support Hansen ‘

• The Federal Reserve press conference by Chairman Bernanke which contained almost no new economic insights; and,
• An FOMC meeting with no policy changes or insights..

CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims’  Cases against Wall Street lag despite Holder’s vows to target financial fraud Obama has promised to hold Wall Street accountable for the meltdown. ):

‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

‘End of Days’ message rolls into D.C. (Washington Post) The potentially rotten news that the world will end on May 21 arrived plastered on a caravan of RVs. [ Gee … little premature … you know, that 2012, end of Mayan calendar, Nostradamus thing … I previously weighed in / wrote: Why do Americans still dislike atheists? (Washington Post) [ And not just americans … Why? First and foremost because there is a God. Second, it is intellectually dishonest to be an atheist. Specifically, there is absolutely no evidence to dispute the existence of God. While one might similarly argue that there is no evidence to suggest there is a God (which I would dispute), which for most is a fair statement, the same would yield at best, if intellectually honest, the position of ‘agnostic’. I can totally understand and even empathize with the view of the agnostic. After all, at this point, there seems to be ‘no rhyme nor reason’ at all. But, think binary, positives / negatives. Just too many negatives. Think ‘capital punishment’. No, the world’s not going to end in 2012 as some fear. Rather, think slow burn; decades at best; then ‘poof’. In the scheme of things, this world’s just not that important (apes, notochordates, and initially single celled organisms). Kind of akin to what I previously wrote: (God doesn’t care that you wrestle a girl who wants to wrestle!) Boy wrestler forfeits match to female opponent... [ What a homo! Wow! I feel sorry for those guys she actually beat (20 of them – her record was 20 and 13) … they’ll probably never get over it … nor should they … I have to rethink my regard for Iowa, Iowa state wrestling now presuming such stalwart championship teams to be the products of out-of-state imports … as for the guy who forfeited, he could have easily and gently taken her down (you can easily do that with a lesser opponent), got her in a double grapevine and grind her in a certain way into the mat, and when she was in the throws of convulsive orgasm, she’d unwittingly arch her back, thereby pressing her own shoulder blades to the mat, thereby pinning herself, thus enabling the homo to say in a manner of speaking that he was making heterosexual love not war with her ……… how pathetic and preposterous this was … and, let me remind the homo that God doesn’t care that you wrestle a girl who wants to wrestle! ]

244,000 jobs added in April Associated Press In biggest hiring spree in five years, employers posted a third straight month of hiring; unemployment rose to 9 percent as people resumed looking for work. Interactive: Why it doesn’t feel like a recovery (Washington Post) [ Short answer: Because it’s really not a recovery! What jobs? $1 dollar a day, 3 days a year … and on government pork projects for the porkers’ reelection campaigns? I don’t think so! Obama’s victory lap (Washington Post) The killing of bin Laden offered hope of instant renewal. [ Only wobama aficionado Mr. Milbank could latch onto this propagandist Orwellian dream and call it victory. Sounds like he’s shootin’ for a job in this failed presidency/administration as others, including from the Post.. 10 Reasons 2011 Is Feeling More and More Like 2008 Jensen ‘..it eerily feels like the months before the financial crisis and meltdown of 2008. .. impending and significant pullback over the summer.

10 reasons 2011 ..like 2008.

11. Gas prices rising rapidly, starting to impact consumer spending and sentiment. On Thursday, gas prices hit this highest level since July 31^st, 2008 and have risen every month since last August, up over 30% ..
12. Despite numerous federal programs (mostly failed), the housing market remains moribund. ..
13. The Federal Reserve continues to be behind the curve. In 2008, the subprime loan problem was “contained”. In 2011, Bernanke can’t seem to see any signs of inflation despite rapidly rising energy and food prices (they are not “core” components of the Index Blind Ben
14. In 2008, we were fighting military actions in two Middle Eastern countries; Iraq and Afghanistan. In 2011, we are still fighting in Iraq and Afghanistan and have added ½ a war in Libya, .. a higher floor for oil prices ..
15. World food prices increased dramatically in the 1st and 2nd quarter of 2008 creating a global crisis and causing political and economical instability and social unrest ..In 2008, this produced food riots in many developing countries. In 2011, we have uprisings throughout the Middle East ..
16. In May 2008, the market was worried about which was the next financial institution ..what European sovereign state will be the next to need a bailout after Greece, Ireland and Portugal and what the ramifications will be for the credit markets.
17. In 2008, gold hit $900 an ounce in January of that year and $1000 an ounce for the first time in March 2008. In 2011, gold and silver just hit all time highs last week
18. As in 2008, U.S. GDP growth was anemic in the first quarter.. In 2011, GDP growth ..shows a significant slowdown from previous qtr.
19. As in 2008, the fiscal and monetary policies of the United States have led to a decline in the value of its currency
20. In 2008, China, the world’s third largest economy, instituted a series of measures to curb growth in order to address increasing inflation and the beginnings of a property bubble.. ]

CIA spied on bin Laden in town of Abbottabad (Washington Post) Agency maintained secret facility for a small team of spies who conducted extensive surveillance over a period of months on Osama bin Laden’s compound. [ Come on! Who is foolish enough to believe anything they say; particularly their scripted, ever-changing, evolving, self-serving accounts belied only by truth / reality as told by those with true courage and integrity; as, for example Jessica Lynch, etc. Top Terrorist Hunter For U.S. Government: Wolfowitz General Told Me 9/11 Was False Flag 9/11 Families Snub Obama’s “Photo-Op” White House Press Secretary “Floundering Under Pressure” Of Flip-Flopping Bin Laden Fable Pentagon Dinner Guest al-Awlaki Slated to Replace Osama as the new face of terror in a war designed to last forever. Staged: White House “Situation Room” Photos Part Of Bin Laden Fable .. it has emerged that the dramatic photos of Obama, Biden, Hillary Clinton and members of the White House security team watching the assassination of Bin Laden “live” were in fact completely staged, casting further doubt on the ever-changing official account of the operation. Hillary Clinton Claims ‘Allergy Not Anguish’ Reason For Photo As Evidence Points to PR Stunt No resistance in “cold-blooded” U.S. raid: Pakistan officials US Government Contractor Claims “Al-Qaeda” Has Confirmed Bin Laden Fairytale Paul Joseph Watson | SITE organization was behind release of fake “Al-Qaeda” tapes released at politically opportune times stretching back years The Cost of Bin Laden: $3 Trillion Over 15 Years What do we have to show for that tab? Two wars that continue to occupy 150,000 troops and tie up a quarter of our defense budget; a bloated homeland-security apparatus that has at times pushed the bounds of civil liberty. Bin Had The Growing Coverup: Osama and “The Big Lie” The Obama administration and the corporate media are concocting an ever-more elaborate and spectacular theater around the “heroic” murder of the CIA intelligence myth/CIA asset Osama bin Laden. Not content to simply to exploit the 9/11 atrocity for political gain, the administration is heaping new layers of lie and cover-up to the original crime. Staged Al Qaeda Rail Attack Plot To Be Used To Further Implement TSA At “Soft” Spots Nationwide? Red Alert: Government Had Osama bin Laden Frozen for Years Nimmo / Jones | Videos [ I personally believe Osama’s been dead for quite some time. Indeed, for one on dialysis, he otherwise would have been nothing less than a modern day miracle in terms of longevity / mortality rates for those so afflicted, particularly under the ‘stressful’ circumstances involving evading capture, betrayal for money, etc.. His ‘surfacing’ for a ‘talk’ wouldn’t even pass muster in the most rudimentary requirements for ‘proof of life’. The release at this time of the ‘announcement’ is, rather than a victory lap so to speak, but rather a sign of weakness and desperation on the part of america whose global and domestic economic, financial, and geopolitical position is substantially diminished and declining rapidly and whose military industrial complex welfare plan along with the Orwellian diversion of the masses could at most yield a pyrrhic victory which also would require for consummation a wrap-up of this nation-bankrupting contrived war scenario, which is not likely. Moreover, the same comes at a time of systemic failure for pervasively corrupt, defacto bankrupt america While the ‘announcement’ plays well for the nonce, to the dumb, uninformed back home, the same will galvanize resistance in the name of their now martyr, Osama Bin Laden. In sum, other than somewhat questionable propaganda value, the announcement will have no measurable effect on america’s continuing mideast / global debacle. In other words, defacto bankrupt america has used up a ‘bullet’, albeit a blank at that! ]

Dionne: Who is Obama? Now we know. (Washington Post) [ Oh really? Now you tell us what you really know about this fraud and failed president. Barack Obama: The Naked Emperor Shocking but true revelations from David Icke (a must read) | ‘…He has been covertly funded and supported ever since by the Trilateral Commission and its network of foundations connecting into the Ford Foundation, for whom Obama's mother worked... Does anyone really believe that someone, a 'man of the people', would simply appear from apparently nowhere to run the slickest and best-funded presidential campaign in American history? He was chosen long ago by those who wish to enslave the very people that Obama says he wants to 'set free'. The sources of Obama funding .. - Goldman, UBS, Citi, Credit Suisse, Deutsche, J.P. Morgan Chase, Morgan Stanley, etc. No wonder he went back on his pledge to accept the limitations of public funding … Obama is just more of the same, a big smile with strings attached, and controlled completely by those that chose him, trained him, sold him and provided his record funding, kept his many skeletons under wraps, like the gay sex and crack cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to be with your Presidential camp, who is alleged to claim that someone claiming to represent me called asking for $100,000, to keep me from coming forward about our (Obama and I) November 1999 encounter of sex and cocaine use?), ... Obama is just another Banksters' moll prostituting himself .., and that's why he supported the grotesque bail-out of the banking system and why he will always put their interests before the people. His financial advisors are straight from the Wall Street 'A' list, … Zionist Tim Geithner (Bilderberg Group, Trilateral Commission, Council on Foreign Relations), was appointed Treasury Secretary, a former employee of both the Council on Foreign Relations and the appalling Kissinger Associates. Obama's Treasury team locks into the inner circle around the Zionist Robert Rubin, Citi, Council on Foreign Relations, and economic advisor to Obama. Rubin, ..Illuminati Bilderberg Group, the man behind Citi's debacle.. rescued by taxpayers' money. The very people who caused the financial crisis .. appointed by Obama .. CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ...’  Cases against Wall Street lag despite Holder’s vows to target financial fraud Obama has promised to hold Wall Street accountable for the meltdown. ):

‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Drudgereport: UNEMPLOYMENT BACK UP TO 9.0%...

Fannie Mae Reports $8.7B Loss for First Quarter...
Seeks $8.5B more from taxpayers...

APRIL JOBS: +244,000...
FUZZY MATH: How can US add jobs but the unemployment rate go up?

Gas nat'l average: $3.99...
Eats 9% of household budgets...
Average price sets record in Indiana -- $4.25 a gallon...
$6.03 in Hawaii...

PAPER: GREECE EU EXIT?

Silver Plunge Spreads...
OIL GUTTED...
Price Slide Temporary, New Highs Likely: Goldman...
Fears linger of a new 'flash crash'...
Euro Tumbles...

CNN SHOCK POLL: RON PAUL HAS BEST CHANCE VS OBAMA
National Home Prices Double Dip...
JOBLESS CLAIMS RISE TO 8 MONTH HIGH...
Fears linger of a new 'flash crash'...

9-11 FAMILY: 'SHOW US PROOF BIN LADEN KILLED'...
Victim's father: Obama 'putting too much spotlight on himself'...
Channels Bush at Ground Zero: 'We will never forget'...
Tells teen survivor he knows Justin Bieber...
Turns Back on 9/11 Family Member...
AUDIO...
Muslim Brotherhood urges review of Israel ties...

Pakistanis burn U.S. flags; backlash over death grows...

Pakistan officials: No resistance in 'cold-blooded' U.S. raid...
Warns America not to stage any more...
Threatens 'disastrous consequences'...
Muslims already name dump location 'Martyr's Sea'...
OBAMA, NO PHOTOS OF OSAMA: 'We don't need to spike the football'...
'Conspiracy theorists will just claim doctored'...
Sen. Scott Brown: 'I've seen picture, he's definitely dead'...
UPDATE: Photo proving bin Laden's death to Sen. Brown was faked...
three senators fell for fakes...
UPDATE: 'The photo I saw and that a lot of other people saw is not authentic'...
Top Dem: No photo needed, 'there's absolute proof'...

REUTERS RELEASES 'DEATH SCENE' PHOTOS
**WARNING GRAPHIC**

UPDATE: Photo proving bin Laden's death to Sen. Brown was faked...
Possibly three senators fell for fakes...

Pakistan: 'Not a single bullet fired from compound'...
WIRE: Photos from 1 hour after raid show 3 dead, no weapons...
The Slippery Story of the bin Laden Kill...
Official says 'killed apparently by the U.S. raid team'...

DOLLAR HITS 3 YEAR LOW...
1 IN 7 ON FOOD STAMPS!
Job numbers disappoint...
Treasury suggests $2 trillion debt cap raise...

REUTERS, AP journalists describe staging of Obama photo taken after TV announcement of bin Laden's death...

CEOs’ pay: It’s as if the Great Recession never happened (Washington Post) The typical big-business CEO made $9 million last year, exceeding pre-recession level. [ And ‘worth every penny’? Not likely in pervasively corrupt, defacto bankrupt america, leaders no more except in fraud, crime, manipulation, subterfuge. Imagine the comparisons to their foreign counterparts where value still has meaning. As if ‘never happened? How ‘bout not over, and worse to come! UBS bank admits rigging bids (WP) Swiss bank reaped millions of dollars of illegal profits by rigging municipal bond transactions in 36 states, government said. [ The key here is ‘Swiss’ and ‘millions of dollars of illegal profits’ when the american banks / wall street frauds’ generated hundreds of billions in illegal profits, which frauds continue to this day by way of slightly subdued high-frequency trading / commission-generated scams along with cover-up and cash-out from the last, still unprosecuted fraud in the trillions for which disgorgement, fines is long overdue. 24 Signs Of Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline..’ ] States face shortfall for retirees (WP) Public workers’ retirement funds had a gap of $1.26 trillion at the end of fiscal 2009

Study: Affordable rentals scarce (WP)

Poll: For Obama, low marks on Afghan war (WP) More Americans disapprove of President Obama’s management of the war in Afghanistan than support it

Fuel prices cut into Obama popularity (WP) (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast turmoil to obfuscate their failure. Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come! America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows ]

A political minefield in Treasury plan (Washington Post) Questions about deficit and growth complicate Treasury’s plan to overhaul corporate taxes. [ What plan! . Let the budget battle begin After two weeks of tumultuous meetings with constituents, Congress returns to a lengthy fight over the nation’s solvency. (WP) [ Or more aptly put, stated another way, the nation’s solvency is over. .. america’s defacto bankrupt with no end in sight.. interest alone is eating progressively into GDP beyond the subterfuge.. Gerson: How serious are we about the deficit? (WP) [ Not much! I mean come on! Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ … Suckers’ rally to keep suckers suckered: Philadelphia Fed Depresses Economists Durden ‘..And here comes the first indicator that Q2 GDP is about to be mass revised by everyone, courtesy of Japan, and ongoing inflation pressures: the Philadelphia Fed collapsed from a revised 43.4 (a 27 year high) to 18.5, the lowest since November 2010… This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! U.S. Economy Remains on Life Support Hansen ‘

• The Federal Reserve press conference by Chairman Bernanke which contained almost no new economic insights; and,
• An FOMC meeting with no policy changes or insights..

CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims’  Cases against Wall Street lag despite Holder’s vows to target financial fraud Obama has promised to hold Wall Street accountable for the meltdown. ):

‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

‘End of Days’ message rolls into D.C. (Washington Post) The potentially rotten news that the world will end on May 21 arrived plastered on a caravan of RVs. [ Gee … little premature … you know, that 2012, end of Mayan calendar, Nostradamus thing … I previously weighed in / wrote: Why do Americans still dislike atheists? (Washington Post) [ And not just americans … Why? First and foremost because there is a God. Second, it is intellectually dishonest to be an atheist. Specifically, there is absolutely no evidence to dispute the existence of God. While one might similarly argue that there is no evidence to suggest there is a God (which I would dispute), which for most is a fair statement, the same would yield at best, if intellectually honest, the position of ‘agnostic’. I can totally understand and even empathize with the view of the agnostic. After all, at this point, there seems to be ‘no rhyme nor reason’ at all. But, think binary, positives / negatives. Just too many negatives. Think ‘capital punishment’. No, the world’s not going to end in 2012 as some fear. Rather, think slow burn; decades at best; then ‘poof’. In the scheme of things, this world’s just not that important (apes, notochordates, and initially single celled organisms). Kind of akin to what I previously wrote: (God doesn’t care that you wrestle a girl who wants to wrestle!) Boy wrestler forfeits match to female opponent... [ What a homo! Wow! I feel sorry for those guys she actually beat (20 of them – her record was 20 and 13) … they’ll probably never get over it … nor should they … I have to rethink my regard for Iowa, Iowa state wrestling now presuming such stalwart championship teams to be the products of out-of-state imports … as for the guy who forfeited, he could have easily and gently taken her down (you can easily do that with a lesser opponent), got her in a double grapevine and grind her in a certain way into the mat, and when she was in the throws of convulsive orgasm, she’d unwittingly arch her back, thereby pressing her own shoulder blades to the mat, thereby pinning herself, thus enabling the homo to say in a manner of speaking that he was making heterosexual love not war with her ……… how pathetic and preposterous this was … and, let me remind the homo that God doesn’t care that you wrestle a girl who wants to wrestle! ]

Red Alert: Government Had Osama bin Laden Frozen for Years

Nimmo / Jones | Videos [ I personally believe Osama’s been dead for quite some time. Indeed, for one on dialysis, he otherwise would have been nothing less than a modern day miracle in terms of longevity / mortality rates for those so afflicted, particularly under the ‘stressful’ circumstances involving evading capture, betrayal for money, etc.. His ‘surfacing’ for a ‘talk’ wouldn’t even pass muster in the most rudimentary requirements for ‘proof of life’. The release at this time of the ‘announcement’ is, rather than a victory lap so to speak, but rather a sign of weakness and desperation on the part of america whose global and domestic economic, financial, and geopolitical position is substantially diminished and declining rapidly and whose military industrial complex welfare plan along with the Orwellian diversion of the masses could at most yield a pyrrhic victory which also would require for consummation a wrap-up of this nation-bankrupting contrived war scenario, which is not likely. Moreover, the same comes at a time of systemic failure for pervasively corrupt, defacto bankrupt america While the ‘announcement’ plays well for the nonce, to the dumb, uninformed back home, the same will galvanize resistance in the name of their now martyr, Osama Bin Laden. In sum, other than somewhat questionable propaganda value, the announcement will have no measurable effect on america’s continuing mideast / global debacle. In other words, defacto bankrupt america has used up a ‘bullet’, albeit a blank at that! ]

Weekly Unemployment Claims Going in the Wrong Direction Short May 5, 2011 ‘The Department of Labor’s Unemployment Insurance Weekly Claims Report was released this morning for last week. Claims rose 43,000 from an upward revision of the previous week to 431,000. That is a 10% increase for the week and a 4-week moving average increase of 5.4%. Here is the official statement from the Department of Labor:

In the week ending April 30, the advance figure for seasonally adjusted initial claims was 474,000, an increase of 43,000 from the previous week’s revised figure of 431,000. The 4-week moving average was 431,250, an increase of 22,250 from the previous week’s revised average of 409,000.

The advance seasonally adjusted insured unemployment rate was 3.0 percent for the week ending April 23, an increase of 0.1 percentage point from the prior week’s unrevised rate of 2.9 percent.

The advance number for seasonally adjusted insured unemployment during the week ending April 23 was 3,733,000, an increase of 74,000 from the preceding week’s revised level of 3,659,000. The 4-week moving average was 3,700,750, a decrease of 1,250 from the preceding week’s revised average of 3,702,000.

Today’s number was 18.5% higher than the Briefing.com consensus expectation of 400,000 claims.

As we can see, there’s a good bit of volatility in this indicator, which is why the 4-week moving average (shown in the callouts) is a more useful number than the weekly data.

[ chart http://dshort.com/charts/indicators/weekly-unemployment-claims.gif ]

Occasionally I see articles critical of seasonal adjustment, especially when the non-adjusted number better suits the author’s bias. But a comparison of these two charts clearly shows extreme volatility of the non-adjusted data, and the 4-week MA gives an indication of the recurring pattern of seasonal change in the second chart (note, for example, those regular January spikes).

[ chart http://us.lrd.yahoo.com/_ylt=An0msJQMOElq8kS0zxYp1YGxusF_;_ylu=X3oDMTE1MzVoNGM2BHBvcwM0BHNlYwNuZXdzYXJzdGFydARzbGsDY2xpY2t0b3ZpZXc-/SIG=13k1l5534/EXP=1305874917/**http%3A//dshort.com/charts/weekly-unemployment-claims-charts.html%3Fweekly-unemployment-claims-NSA ]

Because of the extreme volatility of the non-adjusted weekly data, a 52-week moving average gives a better sense of the long-term trends.

[ chart http://us.lrd.yahoo.com/_ylt=AtoUTi4wx6maujs3JaMjyE2xusF_;_ylu=X3oDMTE2ZWxoaDliBHBvcwM1BHNlYwNuZXdzYXJzdGFydARzbGsDd2Vla2x5dW5lbXBs/SIG=13q56sa21/EXP=1305874917/**http%3A//dshort.com/charts/weekly-unemployment-claims-charts.html%3Fweekly-unemployment-claims-NSA-52-ma ]

The Bureau of Labor Statistics provides an overview on seasonal adjustment here (scroll down about half way down).

Doug Short Ph.d is the author of dshort.com.’

Closer Than We'd Like to Think to a Second Banking Crisis? The Inflation Trader

UBS bank admits rigging bids (Washington Post) Swiss bank reaped millions of dollars of illegal profits by rigging municipal bond transactions in 36 states, government said. [ The key here is ‘Swiss’ and ‘millions of dollars of illegal profits’ when the american banks / wall street frauds’ generated hundreds of billions in illegal profits, which frauds continue to this day by way of slightly subdued high-frequency trading / commission-generated scams along with cover-up and cash-out from the last, still unprosecuted fraud in the trillions for which disgorgement, fines is long overdue. 24 Signs Of Economic Decline In America ‘The United States is in the middle of a devastating long-term economic decline and it is getting really hard to deny it. ..’ ] States face shortfall for retirees (WP) Public workers’ retirement funds had a gap of $1.26 trillion at the end of fiscal 2009, a report says.

Study: Affordable rentals scarce (WP)

Poll: For Obama, low marks on Afghan war (WP) More Americans disapprove of President Obama’s management of the war in Afghanistan than support it, according to a new Washington Post-ABC News poll, a finding that reflects the public’s broader concern over the course of the nearly decade-old conflict.

Fuel prices cut into Obama popularity (WP) (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast turmoil to obfuscate their failure. Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come! America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Return of Inflation: 5 Worrying Signs From Friday's NY Times ]

Is this a Republican distress call? (Washington Post) The first presidential primary debate will be distinguished more by who isn’t there than who is. [ What do debates matter in pervasively corrupt, defacto bankrupt america? Take ‘wobama the b’ for b***s***. What did what he said in debates actually matter in reality. Wobama, the failed president as was his predecessor, is a complete and total fraud. Let the budget battle begin After two weeks of tumultuous meetings with constituents, Congress returns to a lengthy fight over the nation’s solvency. (WP) [ Or more aptly put, stated another way, the nation’s solvency is over. .. america’s defacto bankrupt with no end in sight.. interest alone is eating progressively into GDP beyond the subterfuge.. Gerson: How serious are we about the deficit? (WP) [ Not much! I mean come on! Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ … Suckers’ rally to keep suckers suckered: Philadelphia Fed Depresses Economists Durden ‘..And here comes the first indicator that Q2 GDP is about to be mass revised by everyone, courtesy of Japan, and ongoing inflation pressures: the Philadelphia Fed collapsed from a revised 43.4 (a 27 year high) to 18.5, the lowest since November 2010… This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! U.S. Economy Remains on Life Support Hansen ‘

• The Federal Reserve press conference by Chairman Bernanke which contained almost no new economic insights; and,
• An FOMC meeting with no policy changes or insights..

CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims’  Cases against Wall Street lag despite Holder’s vows to target financial fraud Obama has promised to hold Wall Street accountable for the meltdown. ):

‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

Dionne: Who is Obama? Now we know. (Washington Post) [ Oh really? Now you tell us what you really know about this fraud and failed president. Barack Obama: The Naked Emperor Shocking but true revelations from David Icke (a must read) | ‘…He has been covertly funded and supported ever since by the Trilateral Commission and its network of foundations connecting into the Ford Foundation, for whom Obama's mother worked... Does anyone really believe that someone, a 'man of the people', would simply appear from apparently nowhere to run the slickest and best-funded presidential campaign in American history? He was chosen long ago by those who wish to enslave the very people that Obama says he wants to 'set free'. The sources of Obama funding .. - Goldman, UBS, Citi, Credit Suisse, Deutsche, J.P. Morgan Chase, Morgan Stanley, etc. No wonder he went back on his pledge to accept the limitations of public funding … Obama is just more of the same, a big smile with strings attached, and controlled completely by those that chose him, trained him, sold him and provided his record funding, kept his many skeletons under wraps, like the gay sex and crack cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to be with your Presidential camp, who is alleged to claim that someone claiming to represent me called asking for $100,000, to keep me from coming forward about our (Obama and I) November 1999 encounter of sex and cocaine use?), ... Obama is just another Banksters' moll prostituting himself .., and that's why he supported the grotesque bail-out of the banking system and why he will always put their interests before the people. His financial advisors are straight from the Wall Street 'A' list, … Zionist Tim Geithner (Bilderberg Group, Trilateral Commission, Council on Foreign Relations), was appointed Treasury Secretary, a former employee of both the Council on Foreign Relations and the appalling Kissinger Associates. Obama's Treasury team locks into the inner circle around the Zionist Robert Rubin, Citi, Council on Foreign Relations, and economic advisor to Obama. Rubin, ..Illuminati Bilderberg Group, the man behind Citi's debacle.. rescued by taxpayers' money. The very people who caused the financial crisis .. appointed by Obama .. CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ...’  Cases against Wall Street lag despite Holder’s vows to target financial fraud Obama has promised to hold Wall Street accountable for the meltdown. ):

‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]

George W. Bush years echo through Obama’s signature security success (Washington Post) The president finds himself in contested legal terrain over how to fight stateless enemies. [ Like the two subject failed presidents, the press is sounding dumb and dumber on this ‘escapade’.
Red Alert: Government Had Osama bin Laden Frozen for Years

Kurt Nimmo and Alex Jones | Obama makes a suspiciously timed speech, claims Osama killed in Pakistan. Videos [ As set forth infra, I personally believe Osama’s been dead for quite some time. Indeed, for one on dialysis, he otherwise would have been nothing less than a modern day miracle in terms of longevity / mortality rates for those so afflicted, particularly under the ‘stressful’ circumstances involving evading capture, betrayal for money, etc.. His ‘surfacing’ for a ‘talk’ wouldn’t even pass muster in the most rudimentary requirements for ‘proof of life’. The release at this time of the ‘announcement’ is, rather than a victory lap so to speak, but rather a sign of weakness and desperation on the part of america whose global and domestic economic, financial, and geopolitical position is substantially diminished and declining rapidly and whose military industrial complex welfare plan along with the Orwellian diversion of the masses could at most yield a pyrrhic victory which also would require for consummation a wrap-up of this nation-bankrupting contrived war scenario, which is not likely. Moreover, the same comes at a time of systemic failure for pervasively corrupt, defacto bankrupt america While the ‘announcement’ plays well for the nonce, to the dumb, uninformed back home, the same will galvanize resistance in the name of their now martyr, Osama Bin Laden. In sum, other than somewhat questionable propaganda value, the announcement will have no measurable effect on america’s continuing mideast / global debacle. In other words, defacto bankrupt america has used up a ‘bullet’, albeit a blank at that! ]

In February, 2004, Iranian state radio claimed Osama bin Laden had been captured in Pakistan’s border region with Afghanistan “a long time ago.” Pentagon and Pakistani officials denied the report. “Osama bin Laden has been arrested a long time ago, but Bush is intending to use it for propaganda maneuvering in the presidential election,” the radio report said…’ Obama’s victory lap (Washington Post) The killing of bin Laden offered hope of instant renewal. [ Only wobama aficionado Mr. Milbank could latch onto this propagandist Orwellian dream and call it victory. Sounds like he’s shootin’ for a job in this failed presidency/administration as others, including from the Post, have done and made. 10 Reasons 2011 Is Feeling More and More Like 2008 Jensen ]

White House goes quiet on bin Laden raid (WashPost) As further questions about the original story surfaced, officials said they will neither release photos of a bloodied terrorist leader nor provide new details about the raid on his compound in Pakistan. [ OBL miraculously cured himself of kidney failure/ no shots fired/Was Bin Laden Assault A Jessica Lynch-Style Fable? Watson | Myriad of inconsistencies in alleged raid begin to resemble war propaganda fairytales told about Private Lynch and Pat Tillman Police State Expands On Bin Laden Death Hype Nimmo ‘World is safer,’ president says Osama exposed his cowardice. (WP) [ This former cia-supported ally may be legitimately described as many things; but coward is not one of them. Principled in giving up riches, comfort, he said americans are thieves; that is absolutely true, and I would add frauds, criminals, war criminals. Bullies / cowards;ie., wobama, bush, clinton, cheney, bush, et als Psychology forum  Re: Bystander Effect  ‘ I believe the foregoing psycho-babble to be

Rubbish/Hogwash/b.s. 

    While walking through Military Park (“park”/pedestrian thoroughfare/cement walks) in newark, n.j., I heard the clearly audible screams/cries of what turned out to be an old lady on the ground with blood streaming from her mouth. I ran toward the sound of the cries, the source of which I could not see because there were so many people... When I came to the woman, on the ground, blood streaming from her mouth, I asked what happened, to which she responded she had been hit in the mouth and knocked to the ground, her purse stolen/put inside her shopping bag, and she pointed out the criminal casually now walking across the main street. Nobody stopped to help her, many having passed her by. I slammed the thug to the ground so hard that, in light of all the blood and confusion, I thought I had been stabbed (the blood was from his elbows hitting the pavement so hard - no one helped/a crowd gathered/an undercover cop happened along). I testified at the Grand Jury Proceeding (he went to prison – pled out). (The other case I wrote about here - Having had occasion to have run down a mugger in newark, n.j. who apparent had followed a girl from the bank on her way to the bursar to pay tuition, though in pretty good shape, I was astounded by how totally exhausting such a pursuit was, ..The girl was not that seriously injured, did get her pocketbook and tuition back, and the criminal went to jail. The other thing about such a pursuit that amazed me was that no one else assisted the girl or me despite being in a position to do so).  

                                              CONCLUSION  

    The reality is that quite simply, the vast and overwhelming majority of americans are without any courage whatsoever. They are cowards, plain and simple. All the excuses, psycho-babble, in the world will not change that fact! ]

Drudgereport: CNN SHOCK POLL: RON PAUL HAS BEST CHANCE VS OBAMA
National Home Prices Double Dip...
JOBLESS CLAIMS RISE TO 8 MONTH HIGH...
Fears linger of a new 'flash crash'...

9-11 FAMILY: 'SHOW US PROOF BIN LADEN KILLED'...
Victim's father: Obama 'putting too much spotlight on himself'...
Channels Bush at Ground Zero: 'We will never forget'...
Tells teen survivor he knows Justin Bieber...
Turns Back on 9/11 Family Member...
AUDIO...
Muslim Brotherhood urges review of Israel ties...

Pakistanis burn U.S. flags; backlash over death grows...

Pakistan officials: No resistance in 'cold-blooded' U.S. raid...
Warns America not to stage any more...
Threatens 'disastrous consequences'...
Muslims already name dump location 'Martyr's Sea'...
OBAMA, NO PHOTOS OF OSAMA: 'We don't need to spike the football'...
'Conspiracy theorists will just claim doctored'...
Sen. Scott Brown: 'I've seen picture, he's definitely dead'...
UPDATE: Photo proving bin Laden's death to Sen. Brown was faked...
three senators fell for fakes...
UPDATE: 'The photo I saw and that a lot of other people saw is not authentic'...
Top Dem: No photo needed, 'there's absolute proof'...

REUTERS RELEASES 'DEATH SCENE' PHOTOS
**WARNING GRAPHIC**

UPDATE: Photo proving bin Laden's death to Sen. Brown was faked...
Possibly three senators fell for fakes...

Pakistan: 'Not a single bullet fired from compound'...
WIRE: Photos from 1 hour after raid show 3 dead, no weapons...
The Slippery Story of the bin Laden Kill...
Official says 'killed apparently by the U.S. raid team'...

DOLLAR HITS 3 YEAR LOW...
1 IN 7 ON FOOD STAMPS!
Job numbers disappoint...
Treasury suggests $2 trillion debt cap raise...

REUTERS, AP journalists describe staging of Obama photo taken after TV announcement of bin Laden's death...

Are We Headed for a Major Correction? The Housing Time Bomb ‘I wanted to take a few minutes and share a chart with you. As you all know I am not much of a T/A guy. However, over the longer term, I do watch them from time to time.

I often watch the Russell 2000 when I am looking for a trend change because it's usually the first sector that rolls over during bear markets.

After taking a peak at the monthly of the Russell, I couldn't help but take notice of an almost perfect double top:

http://static.seekingalpha.com/uploads/2011/5/4/saupload_2011_05_03_tos_charts.png

My Take:

The Russell is much more sensitive than the rest of the market because it is comprised of smaller companies with matching smaller balance sheets. Therefore, they are much more susceptible to a weakening economy versus a huge company like Apple (AAPL) that sits on tens of billion in cash.

As a result, when things start to head south as a result of things like $4 gas, the market tends to sell these names first. The fact that it couldn't hold the trendline after breaking through the 2007 highs is something to take note of.

The Bottom Line:

So are we due for a major correction? Hard to tell. The Fed seems obsessed with taking the market higher, and it has decided to destroy our currency in order to due so in the process.

The reality here is no one wins this game if the dollar loses because stocks are priced in dollars, and if the currency cracks it's not going to matter where the market is.

The market, in my opinion, seems to be struggling with a colossal battle between the powerful forces of debt deflation and deleveraging, versus the equally powerful forces of inflation via currency debasing courtesy of the easy money Fed.

This battle has become a personal struggle for myself, which is why I haven't had much to say recently. Part of me believes that debt deflation is inevitable as the world realizes the trillions of digital dollars that people moronically borrowed over the past decade will never be paid back.

However, at the same time, you also have extremely powerful inflationary forces that are being created by the Fed as they continue money printing and keeping rates low at the same time the rest of the world takes rates higher. India just raised rates by .50 basis points yesterday.

Who will win this battle? Hard to say. I am positioning myself for both.

What I can tell you is what I have done with my positions recently:

I sold out of 50% of my silver at around $45. Things got a little too bubbly for me here. I will look for cheaper prices.

I shorted the Russell last week via TWM. I also continue holding some small short positions in SDS and QID. On the long side I bought the nuclear stock EXC when it got oversold following the Japanese nuclear disaster and I also added the titanium stock TIE.

I still hold the majority of my money in cash which at any moment could become worthless. This is a scary proposition to me but the way I see it the dollar should rise before it tanks because I think Europe is going to go down before we do.

Greece will default by the end of the year. The market has already priced it in. The rippling effects of this in terms of the rest of the PIIGS are flat out frightening to me but there is nothing I can do to control it.

All I can do here is stick to the fundamentals and the most important one to remember is risk is relative! As a result, I don't believe the dollar is toast just yet because the bond market continues to tell us that we are the best looking horse in the glue factory of bankrupt countries.

I write this post as a warning that something big could be coming. Please play defense and be safe.’

Let the budget battle begin After two weeks of tumultuous meetings with constituents, Congress returns to a lengthy fight over the nation’s solvency. (Washington Post) [ Or more aptly put, stated another way, the nation’s solvency is over. Now that would be cutting to the chase. After all, it’s a little late for ‘budget bustin’ heroics’. Quite simply, america’s defacto bankrupt with no end in sight, such being the insurmountable nature of same where interest alone is eating progressively into GDP beyond the subterfuge, smoke and mirrors, diversions. Gerson: How serious are we about the deficit? (Washington Post) [ Not much! I mean come on! Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ … Suckers’ rally to keep suckers suckered: Philadelphia Fed Depresses Economists Durden ‘On Thursday April 21, 2011, 1:32 pm EDT And here comes the first indicator that Q2 GDP is about to be mass revised by everyone, courtesy of Japan, and ongoing inflation pressures: the Philadelphia Fed collapsed from a revised 43.4 (a 27 year high) to 18.5, the lowest since November 2010… This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! U.S. Economy Remains on Life Support Hansen ‘This has been a whirlwind week for intangible monetary policy news which was lead by:

• The Federal Reserve press conference by Chairman Bernanke which contained almost no new economic insights; and,
• An FOMC meeting with no policy changes or insights.

My foggy long range economic view is of a moderately improving economy which is fighting growing fiscal headwinds. My takeaway from from the press conference and FOMC meeting was a fairly strong opinion by Chairman Bernanke that the economy was gaining enough traction to stand on its own without further accommodation.

A deeper look at advance 1Q2011 GDP real growth of 1.8% should quickly dispel this.

The economy is still in recession if the economic effects of the automatic stabilizers are taken into consideration. Automatic stabilizers are automatic changes in the government’s revenues and outlays that are attributable to cyclical movements in real output.

http://static.seekingalpha.com/uploads/2011/5/1/saupload_z_weekly13.png …

]

U.S. debt Running in the red: How the U.S., on the road to surplus, detoured to massive debt (Washington Post) [ Detour, towar’, war … thieving, raping, pillaging and plundering … Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ … Philadelphia Fed Depresses Economists Durden ‘And here comes the first indicator that Q2 GDP is about to be mass revised by everyone, courtesy of Japan, and ongoing inflation pressures: the Philadelphia Fed collapsed from a revised 43.4 (a 27 year high) to 18.5, the lowest since November 2010… This is an especially great opportunity to sell / take profits while you still can since there's much worse to come!
WallStCheatSheet:

• Market Direction : Regardless of the underlying trends, if the market is moving lower, in many instances the market dip can overwhelm any positive, stock- specific factors.
• Profit Taking : Many times investors holding a long position will have price targets or levels, if achieved, that will trigger selling whether positive elements are in place or not.
• Interest Rates : Certain valuation techniques (e.g. Discounted Cash Flow and Dividend Discount Model) integrate interest rates into the value calculation. Therefore, a climb in interest rates has the potential of lowering stock prices – even if the dynamics surrounding a particular security are excellent.
• Quality of Earnings : Sometimes producing winning results is not enough. On occasion, items such as one-time gains, aggressive revenue recognition, and lower than average tax rates assist a company in getting over a profit hurdle. Investors value quality in addition to quantity.
• Outlook : Even if current period results may be strong, on some occasions a company’s outlook regarding future prospects may be worse than expected. A dark or worsening outlook can pressure security prices.
• Politics & Taxes : These factors may prove especially important to the market this year, since this is a mid-term election year. Political and tax policy changes today may have negative impacts on future profits, thereby impacting stock prices.
• Other Exogenous Items : Natural disasters and security attacks are examples of negative shocks that could damage price values, irrespective of fundamentals.

Obama’s victory lap (Washington Post) The killing of bin Laden offered hope of instant renewal. [ Only wobama aficionado Mr. Milbank could latch onto this propagandist Orwellian dream and call it victory. Sounds like he’s shootin’ for a job in this failed presidency/administration as others, including from the Post, have done and made. 10 Reasons 2011 Is Feeling More and More Like 2008 Jensen ‘The market ended April as it began, grinding up on low volume, ignoring increasingly worsening energy prices, continued turmoil in the Middle East and slowing worldwide economic growth. To me it feels like we are in the calm before the storm. More specifically, it eerily feels like the months before the financial crisis and meltdown of 2008. The similarities are striking to me and think the market is ignoring the signs of an impending and significant pullback over the summer.

Here are ten reasons 2011 is starting to feel so much like 2008.

21. Gas prices are rising rapidly and starting to impact consumer spending and sentiment. On Thursday, gas prices hit this highest level since July 31^st, 2008 and have risen every month since last August, up over 30% since the “Arab Spring” commenced in Tunisia. Consumer discretionary stocks are particularly vulnerable. Avoid high priced retailers like Lululemon (LULU) and Under Armour (UA) as well as retailers focused on demographics especially vulnerable to high gas prices, such as Abercrombie & Fitch (ANF).
22. Despite numerous federal programs (mostly failed), the housing market remains moribund. Prices continue to fall across most markets in the United States, albeit at a slower rate than 2008 and in the immediate aftermath of the financial crisis. New housing starts are bumping along at record lows and are contributing little to job growth.
23. The Federal Reserve continues to be behind the curve. In 2008, the subprime loan problem was “contained”. In 2011, Bernanke can’t seem to see any signs of inflation despite rapidly rising energy and food prices (they are not “core” components of the Index Blind Ben places his faith in, after all) or all through the commodity complex.
24. In 2008, we were fighting military actions in two Middle Eastern countries; Iraq and Afghanistan. In 2011, we are still fighting in Iraq and Afghanistan and have added ½ a war in Libya, which we have outsourced to NATO. Given the quickening pace of unrest in that volatile area of the world and our incoherent policy .. However, given the worsening events in the region, a higher floor for oil prices has been established in the short and medium term.
25. World food prices increased dramatically in the 1st and 2nd quarter of 2008 creating a global crisis and causing political and economical instability and social unrest in both poor and developed nations. The price of wheat has gone up 75% in the last year and many foodstuffs have more than doubled in price over the last twelve months. In 2008, this produced food riots in many developing countries. In 2011, we have uprisings throughout the Middle East ..
26. In May 2008, the market was worried about which was the next financial institution to fall after the Bear Stearns debacle. In May 2011, the market is waiting to see what European sovereign state will be the next to need a bailout after Greece, Ireland and Portugal and what the ramifications will be for the credit markets.
27. In 2008, gold hit $900 an ounce in January of that year and $1000 an ounce for the first time in March 2008. In 2011, gold and silver just hit all time highs last week with gold hitting $1535 an ounce and silver in a distinct bubble at $50 an ounce.
28. As in 2008, U.S. GDP growth was anemic in the first quarter. In 2008, economic growth clocked in at .6% in Q1. In 2011, GDP growth was better at 1.8% but show a significant slowdown from the previous quarter.
29. As in 2008, the fiscal and monetary policies of the United States have led to a decline in the value of its currency. Despite significant problems in Europe and Japan, the dollar index just hit its lowest point since July 2008. This is a major contributor to the increasing inflation ..
30. In 2008, China, the world’s third largest economy, instituted a series of measures to curb growth in order to address increasing inflation and the beginnings of a property bubble. The Shanghai Index fell over 10% in the first half of 2008. In 2011, ..the Shanghai Index has been flat despite the S&P being up approximately 15% over the same time period ]

SPX Pullback History: 2009-2011

[chart http://static.seekingalpha.com/uploads/2011/5/3/saupload_spxpullbacks09_11050311.png ]

CHART OF THE DAY: Watch the US Debt Set a 60 Year Record

ECONOMIC CRISIS ARCHIVE

‘World is safer,’ president says Osama bin Laden is portrayed as a reclusive figure whose final moments exposed his cowardice. (Washington Post) [ This former cia-supported ally may be legitimately described as many things; but coward is not one of them. Principled in giving up riches, comfort, he said americans are thieves; that is absolutely true, and I would add frauds, criminals, war criminals. Bullies / cowards;ie., wobama, bush, clinton, cheney, bush, et als … - I wrote:  Psychology forum  Re: Bystander Effect  ‘… I believe the foregoing psycho-babble to be absolute, unequivocal

Rubbish/Hogwash/b.s. 

    The foregoing web site is, from direct experience, lacking credibility. Indeed, while walking through Military Park (a sliver of a “park” - more a pedestrian thoroughfare/cement walks) in newark, new jersey on the way to the bank during lunch hour, I heard the clearly audible screams/cries of what turned out to be an old lady on the ground with blood streaming from her mouth. I ran toward the sound of the cries, the source of which I could not see because there were so many people in and about this thoroughfare so as to block any vision of the source of the cries. When I came to the woman, on the ground, blood streaming from her mouth, I asked what happened, to which she responded she had been hit in the mouth and knocked to the ground, her purse stolen/put inside her shopping bag, and she pointed out the criminal casually now walking across the main street. Nobody stopped to help her, many having passed her by. I slammed the thug to the ground so hard that, in light of all the blood and confusion (limbic system / adrenalin flow) I thought I had been stabbed (the blood was from his elbows hitting the pavement so hard - no one helped/a crowd gathered/an undercover cop happened along). When I testified at the Grand Jury Proceeding I made sure his threat on my life was set forth in prima facie fashion so as to maximize the DA’s position with both felonies (he went to prison – pled out). (The other case I wrote about here - Having had occasion to have run down a mugger in newark, n.j. who apparent had followed a girl from the bank on her way to the bursar to pay tuition, though in pretty good shape, I was astounded by how totally exhausting such a pursuit was, how much like rubber my arms were when I traded punches with the perpetrator, and truth be told, if I had a flashlight on my belt, I have little doubt that I would have probably used it to subdue the perp. The girl was not that seriously injured, did get her pocketbook and tuition back, and the criminal went to jail. The other thing about such a pursuit that amazed me was that no one else assisted the girl or me despite being in a position to do so).  

                                              CONCLUSION  

    The reality, though difficult for many, including psychologists to accept is that quite simply, the vast and overwhelming majority of americans are without any courage whatsoever. They are cowards, plain and simple. All the excuses, rationalizations, etc., psycho-babble if you will, in the world will not change that fact. I could cite numerous instances involving white collar/RICO crimes involving such cowardice as well. I understand statistics, the term ad hoc, sampling, etc.. The conclusion stands!.

Red Alert: Government Had Osama bin Laden Frozen for Years

Kurt Nimmo and Alex Jones | Obama makes a suspiciously timed speech, claims Osama killed in Pakistan. Videos [ As set forth infra, I personally believe Osama’s been dead for quite some time. Indeed, for one on dialysis, he otherwise would have been nothing less than a modern day miracle in terms of longevity / mortality rates for those so afflicted, particularly under the ‘stressful’ circumstances involving evading capture, betrayal for money, etc.. His ‘surfacing’ for a ‘talk’ wouldn’t even pass muster in the most rudimentary requirements for ‘proof of life’. The release at this time of the ‘announcement’ is, rather than a victory lap so to speak, but rather a sign of weakness and desperation on the part of america whose global and domestic economic, financial, and geopolitical position is substantially diminished and declining rapidly and whose military industrial complex welfare plan along with the Orwellian diversion of the masses could at most yield a pyrrhic victory which also would require for consummation a wrap-up of this nation-bankrupting contrived war scenario, which is not likely. Moreover, the same comes at a time of systemic failure for pervasively corrupt, defacto bankrupt america While the ‘announcement’ plays well for the nonce, to the dumb, uninformed back home, the same will galvanize resistance in the name of their now martyr, Osama Bin Laden. In sum, other than somewhat questionable propaganda value, the announcement will have no measurable effect on america’s continuing mideast / global debacle. In other words, defacto bankrupt america has used up a ‘bullet’, albeit a blank at that! ]

In February, 2004, Iranian state radio claimed Osama bin Laden had been captured in Pakistan’s border region with Afghanistan “a long time ago.” Pentagon and Pakistani officials denied the report. “Osama bin Laden has been arrested a long time ago, but Bush is intending to use it for propaganda maneuvering in the presidential election,” the radio report said…’ ]

Drudgereport: The official, who wished to remain anonymous, sold the pictures to REUTERS...

Recovery efforts may be bad for dollar (Washington Post) U.S. efforts to speed the economic recovery could transform the currency’s slow decline into a precipitous fall. [ Oh, riiiiight! That ‘method’ to their madness. I’d like to know at this point in the continuing debacle just what possibly could be realistically good for the dollar. SPX Pullback History: 2009-2011

chart http://static.seekingalpha.com/uploads/2011/5/3/saupload_spxpullbacks09_11050311.png

As Food Stamp Recipients Hit New Record, 400 Americans Account For 10% Of Capital Gains Today SNAP released the most recent food stamp numbers. Not surprisingly, we just saw another all time high 44.2 million poverty-level Americans relying on government funding for day to day sustenance. ]

Deal on controlling debt stalls (Washington Post) A bipartisan effort to rein in the national debt stalls, as members of the Senate’s so-called Gang of Six signal that an agreement is unlikely to come in time for the start of White House-led budget talks. [ Who woulda’ thunk it? Riiiiight! Stalling in washington … I’ve experienced it myself. Let the budget battle begin After two weeks of tumultuous meetings with constituents, Congress returns to a lengthy fight over the nation’s solvency. (Washington Post) [ Or more aptly put, stated another way, the nation’s solvency is over. Now that would be cutting to the chase. After all, it’s a little late for ‘budget bustin’ heroics’. Quite simply, america’s defacto bankrupt with no end in sight, such being the insurmountable nature of same where interest alone is eating progressively into GDP beyond the subterfuge, smoke and mirrors, diversions. Gerson: How serious are we about the deficit? (Washington Post) [ Not much! I mean come on! Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ … Suckers’ rally to keep suckers suckered: Philadelphia Fed Depresses Economists Durden ‘On Thursday April 21, 2011, 1:32 pm EDT And here comes the first indicator that Q2 GDP is about to be mass revised by everyone, courtesy of Japan, and ongoing inflation pressures: the Philadelphia Fed collapsed from a revised 43.4 (a 27 year high) to 18.5, the lowest since November 2010… This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! U.S. Economy Remains on Life Support Hansen ‘This has been a whirlwind week for intangible monetary policy news which was lead by:

• The Federal Reserve press conference by Chairman Bernanke which contained almost no new economic insights; and,
• An FOMC meeting with no policy changes or insights.

…

A deeper look at advance 1Q2011 GDP real growth of 1.8% should quickly dispel this.

The economy is still in recession if the economic effects of the automatic stabilizers are taken into consideration. Automatic stabilizers are automatic changes in the government’s revenues and outlays that are attributable to cyclical movements in real output.

http://static.seekingalpha.com/uploads/2011/5/1/saupload_z_weekly13.png …]

Rising gas prices shift debate (Washington Post) A year after a massive oil spill, a single concern is prompting push for more drilling: $4-a-gallon gas. [Ah, riiiiight! Drilling … that’s it … not an end to ‘no-recession-helicopter ben-b.s. bernanke’s’ dollar debasement policies with the predictable consequences we’re seeing (including $4 gas), which among other manipulations have been great for the frauds on wall street and ‘the few’, to the detriment of virtually everyone else. SPX Pullback History: 2009-2011

[chart http://static.seekingalpha.com/uploads/2011/5/3/saupload_spxpullbacks09_11050311.png ]

As Food Stamp Recipients Hit New Record, 400 Americans Account For 10% Of Capital Gains Today SNAP released the most recent food stamp numbers. Not surprisingly, we just saw another all time high 44.2 million poverty-level Americans relying on government funding for day to day sustenance. ]

White House says bin Laden was unarmed, had no human shield (Washington Post) Officials attribute initial missteps to administration’s “great haste” in trying to share details even while operational updates were still pouring in. [ I don’t believe anything the u.s. government says … I can’t believe there are people dumb enough to believe anything the u.s. government says. Bin Laden was unarmed when SEALs stormed room (AP) AP - Osama bin Laden was unarmed when Navy SEALs burst into his room and shot him to death, the White House said Tuesday, a change in the official account that raised questions… White House struggles to get story right on raid (AP)

CIA Employs Theatrics to Heighten Drama in Osama Murder Photo Release Kurt Nimmo | Photo will be offered as final proof Navy Seals double-tapped Osama.

Forget Pakistan, US Knew Bin Laden’s Location All Along Paul Joseph Watson | US intelligence pinpointed terror leader’s precise location on numerous occasions and let him escape every time.

More Fake Photos of a Dead bin Laden and Son Circulate the Web Matt Ryan | After only a brief examination, it’s clear they are obvious fakes.

Alex Jones Special Broadcast on The Bin Laden Hoax Infowars.com

EPIC FAIL: The US Government’s History Of Fake Bin Laden Tapes When has the US government and its corporate mouthpiece media ever produced anything authentic and credible as far as Bin Laden goes?

The Dead Bin Laden Photo Does Nothing To Address These Facts The establishment media has manufactured a strawman argument centered around the false premise that when the White House releases an image of Osama Bin Laden with a bullet through his head, which we’re told is imminent, that instantly puts to bed every “conspiracy theory” (ie truth and documented cover-up) surrounding OBL’s dubious history as the head of Al-Qaeda, a US intelligence front.

Pakistan Could Be Linked To OBL – But The CIA Defninitely Is

Bin Laden’s Neighbour: “None Of This Is True” A resident of Abbottabad says he believes it is simply not true that Bin Laden was hiding out in a compound within yards of his own home. ]

How Pakistan responds will determine its future relationship with the U.S. (Washington Post) A final breach could put at risk U.S.’s hope of military progress against Afghan Taliban insurgents. [ I mean come on! You have to give Pakistan a little credit; that is, like Iraq, Afghanitstan, etc., it’s a thanks but no thanks … look at the destruction, the raping, pillaging and plundering by the war criminal americans. What we see on our propagandist, filtered news couldn’t possibly reflect the real sentiments regarding pervasively corrupt, defacto bankrupt, war criminal americans. Key Afghan aid programs delayed (WP) [ Strategy? Critical time? We’ve heard that song before. And, yet another nation and innocent lives destroyed for no good reason .. Petraeus to helm more-militarized CIA (WP) [ I believe there has already been a defacto coup d’etat in america. Drudgereport: Pentagon Warns Obama Against Deeper Defense Cuts Ron Paul: After ‘CIA coup,’ agency ‘runs military’  US House Rep. Ron Paul says the CIA has has in effect carried out a “coup” against the US government, and the intelligence agency needs to be “taken out.”  I also personally believe there has been a defacto coup d’etat which has manifested in various substantial, blatant, brazened frauds, ie., wall street, missing 360 tons of $100 bills in Iraq, war profiteering, etc., without fear of prosecution, as the treasury is looted. But I also believe its scope is beyond just the CIA with many complicit within the corrupted 3 branches of u.s. government (fed judges, us attorneys, illegal system, etc.),military and private big money, ie., wall street men, etc… http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm

Top Mexican Drug Lord: I Trafficked Cocaine For The U.S. Government .. CIA torture jet that crashed with four tons on cocaine on board back in 2007 has told the U.S. District Court for the Northern District of Illinois in Chicago that he has been working as a U.S. government asset for years. Rendition: Where the War on Terror Meets the War on Drugs Henningsen | ... I’ve experienced the corrupt inter-relationship of the government (all 3 branches) and the illegal drug trade / obstruction of justice / bribery, particularly the courts / u.s. attorneys (ie., alito – now u.s. supreme court justice – quid pro quo for complicity / cover-up),

… “torture taxis” – used by the CIA to move captives seized in its kidnapping or “extraordinary rendition” operations .. simultaneously used for drug distribution .. A Gulfstream II jet aircraft N9875A identified by the British Government and the European Parliament as being involved in this traffic crashed in Mexico- In 2004, another torture taxi crashed in a field in Nicaragua with a ton of cocaine aboard- same planes chartered to the CIA for the rendition of suspected terrorists prisoners…’]

SPX Pullback History: 2009-2011

[chart http://static.seekingalpha.com/uploads/2011/5/3/saupload_spxpullbacks09_11050311.png ]

CHART OF THE DAY: Watch the US Debt Set a 60 Year Record

Wall Street falls as earnings fears threaten rally (Reuters) - Reuters - stocks fell on Tuesday as investors questioned the sustainability of the rally in light of fresh worries about earnings growth in the coming quarters.

US Debt Rating Should Be ‘C’: Independent Agency There have been increasing concerns about the fate of United States’ prized triple-A sovereign debt rating. While Standard and Poor’s recently downgraded its U.S. debt outlook to negative from stable, implying that a ratings cut could happen in two years, one independent ratings agency has given the U.S. sovereign rating a “C”.

As Food Stamp Recipients Hit New Record, 400 Americans Account For 10% Of Capital Gains Today SNAP released the most recent food stamp numbers. Not surprisingly, we just saw another all time high 44.2 million poverty-level Americans relying on government funding for day to day sustenance.

‘World is safer,’ president says Osama bin Laden is portrayed as a reclusive figure whose final moments exposed his cowardice. (Washington Post) [ This former cia-supported ally may be legitimately described as many things; but coward is not one of them. Principled in giving up riches, comfort, he said americans are thieves; that is absolutely true, and I would add frauds, criminals, war criminals. Bullies / cowards;ie., wobama, bush, clinton, cheney, bush, et als … - I wrote:  Psychology forum  Re: Bystander Effect  ‘… I believe the foregoing psycho-babble to be absolute, unequivocal

Rubbish/Hogwash/b.s. 

    The foregoing web site is, from direct experience, lacking credibility. Indeed, while walking through Military Park (a sliver of a “park” - more a pedestrian thoroughfare/cement walks) in newark, new jersey on the way to the bank during lunch hour, I heard the clearly audible screams/cries of what turned out to be an old lady on the ground with blood streaming from her mouth. I ran toward the sound of the cries, the source of which I could not see because there were so many people in and about this thoroughfare so as to block any vision of the source of the cries. When I came to the woman, on the ground, blood streaming from her mouth, I asked what happened, to which she responded she had been hit in the mouth and knocked to the ground, her purse stolen/put inside her shopping bag, and she pointed out the criminal casually now walking across the main street. Nobody stopped to help her, many having passed her by. I slammed the thug to the ground so hard that, in light of all the blood and confusion (limbic system / adrenalin flow) I thought I had been stabbed (the blood was from his elbows hitting the pavement so hard - no one helped/a crowd gathered/an undercover cop happened along). When I testified at the Grand Jury Proceeding I made sure his threat on my life was set forth in prima facie fashion so as to maximize the DA’s position with both felonies (he went to prison – pled out). (The other case I wrote about here - Having had occasion to have run down a mugger in newark, n.j. who apparent had followed a girl from the bank on her way to the bursar to pay tuition, though in pretty good shape, I was astounded by how totally exhausting such a pursuit was, how much like rubber my arms were when I traded punches with the perpetrator, and truth be told, if I had a flashlight on my belt, I have little doubt that I would have probably used it to subdue the perp. The girl was not that seriously injured, did get her pocketbook and tuition back, and the criminal went to jail. The other thing about such a pursuit that amazed me was that no one else assisted the girl or me despite being in a position to do so).  

                                              CONCLUSION  

    The reality, though difficult for many, including psychologists to accept is that quite simply, the vast and overwhelming majority of americans are without any courage whatsoever. They are cowards, plain and simple. All the excuses, rationalizations, etc., psycho-babble if you will, in the world will not change that fact. I could cite numerous instances involving white collar/RICO crimes involving such cowardice as well. I understand statistics, the term ad hoc, sampling, etc.. The conclusion stands!.

Let the budget battle begin After two weeks of tumultuous meetings with constituents, Congress returns to a lengthy fight over the nation’s solvency. (Washington Post) [ Or more aptly put, stated another way, the nation’s solvency is over. Now that would be cutting to the chase. After all, it’s a little late for ‘budget bustin’ heroics’. Quite simply, america’s defacto bankrupt with no end in sight, such being the insurmountable nature of same where interest alone is eating progressively into GDP beyond the subterfuge, smoke and mirrors, diversions. Gerson: How serious are we about the deficit? (Washington Post) [ Not much! I mean come on! Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ … Suckers’ rally to keep suckers suckered: Philadelphia Fed Depresses Economists Durden ‘On Thursday April 21, 2011, 1:32 pm EDT And here comes the first indicator that Q2 GDP is about to be mass revised by everyone, courtesy of Japan, and ongoing inflation pressures: the Philadelphia Fed collapsed from a revised 43.4 (a 27 year high) to 18.5, the lowest since November 2010… This is an especially great opportunity to sell / take profits while you still can since there's much worse to come! U.S. Economy Remains on Life Support Hansen ‘This has been a whirlwind week for intangible monetary policy news which was lead by:

• The Federal Reserve press conference by Chairman Bernanke which contained almost no new economic insights; and,
• An FOMC meeting with no policy changes or insights.

My foggy long range economic view is of a moderately improving economy which is fighting growing fiscal headwinds. My takeaway from from the press conference and FOMC meeting was a fairly strong opinion by Chairman Bernanke that the economy was gaining enough traction to stand on its own without further accommodation.

A deeper look at advance 1Q2011 GDP real growth of 1.8% should quickly dispel this.

The economy is still in recession if the economic effects of the automatic stabilizers are taken into consideration. Automatic stabilizers are automatic changes in the government’s revenues and outlays that are attributable to cyclical movements in real output.

http://static.seekingalpha.com/uploads/2011/5/1/saupload_z_weekly13.png …

]

U.S. debt Running in the red: How the U.S., on the road to surplus, detoured to massive debt (Washington Post) [ Detour, towar’, war … thieving, raping, pillaging and plundering … Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ … Philadelphia Fed Depresses Economists Durden ‘And here comes the first indicator that Q2 GDP is about to be mass revised by everyone, courtesy of Japan, and ongoing inflation pressures: the Philadelphia Fed collapsed from a revised 43.4 (a 27 year high) to 18.5, the lowest since November 2010… This is an especially great opportunity to sell / take profits while you still can since there's much worse to come!
WallStCheatSheet:

• Market Direction : Regardless of the underlying trends, if the market is moving lower, in many instances the market dip can overwhelm any positive, stock- specific factors.
• Profit Taking : Many times investors holding a long position will have price targets or levels, if achieved, that will trigger selling whether positive elements are in place or not.
• Interest Rates : Certain valuation techniques (e.g. Discounted Cash Flow and Dividend Discount Model) integrate interest rates into the value calculation. Therefore, a climb in interest rates has the potential of lowering stock prices – even if the dynamics surrounding a particular security are excellent.
• Quality of Earnings : Sometimes producing winning results is not enough. On occasion, items such as one-time gains, aggressive revenue recognition, and lower than average tax rates assist a company in getting over a profit hurdle. Investors value quality in addition to quantity.
• Outlook : Even if current period results may be strong, on some occasions a company’s outlook regarding future prospects may be worse than expected. A dark or worsening outlook can pressure security prices.
• Politics & Taxes : These factors may prove especially important to the market this year, since this is a mid-term election year. Political and tax policy changes today may have negative impacts on future profits, thereby impacting stock prices.
• Other Exogenous Items : Natural disasters and security attacks are examples of negative shocks that could damage price values, irrespective of fundamentals.

Obama’s victory lap (Washington Post) The killing of bin Laden offered hope of instant renewal. [ Only wobama aficionado Mr. Milbank could latch onto this propagandist Orwellian dream and call it victory. Sounds like he’s shootin’ for a job in this failed presidency/administration as others, including from the Post, have done and made. 10 Reasons 2011 Is Feeling More and More Like 2008 Jensen ‘The market ended April as it began, grinding up on low volume, ignoring increasingly worsening energy prices, continued turmoil in the Middle East and slowing worldwide economic growth. To me it feels like we are in the calm before the storm. More specifically, it eerily feels like the months before the financial crisis and meltdown of 2008. The similarities are striking to me and think the market is ignoring the signs of an impending and significant pullback over the summer.

Here are ten reasons 2011 is starting to feel so much like 2008.

31. Gas prices are rising rapidly and starting to impact consumer spending and sentiment. On Thursday, gas prices hit this highest level since July 31^st, 2008 and have risen every month since last August, up over 30% since the “Arab Spring” commenced in Tunisia. Consumer discretionary stocks are particularly vulnerable. Avoid high priced retailers like Lululemon (LULU) and Under Armour (UA) as well as retailers focused on demographics especially vulnerable to high gas prices, such as Abercrombie & Fitch (ANF).
32. Despite numerous federal programs (mostly failed), the housing market remains moribund. Prices continue to fall across most markets in the United States, albeit at a slower rate than 2008 and in the immediate aftermath of the financial crisis. New housing starts are bumping along at record lows and are contributing little to job growth.
33. The Federal Reserve continues to be behind the curve. In 2008, the subprime loan problem was “contained”. In 2011, Bernanke can’t seem to see any signs of inflation despite rapidly rising energy and food prices (they are not “core” components of the Index Blind Ben places his faith in, after all) or all through the commodity complex.
34. In 2008, we were fighting military actions in two Middle Eastern countries; Iraq and Afghanistan. In 2011, we are still fighting in Iraq and Afghanistan and have added ½ a war in Libya, which we have outsourced to NATO. Given the quickening pace of unrest in that volatile area of the world and our incoherent policy .. However, given the worsening events in the region, a higher floor for oil prices has been established in the short and medium term.
35. World food prices increased dramatically in the 1st and 2nd quarter of 2008 creating a global crisis and causing political and economical instability and social unrest in both poor and developed nations. The price of wheat has gone up 75% in the last year and many foodstuffs have more than doubled in price over the last twelve months. In 2008, this produced food riots in many developing countries. In 2011, we have uprisings throughout the Middle East ..
36. In May 2008, the market was worried about which was the next financial institution to fall after the Bear Stearns debacle. In May 2011, the market is waiting to see what European sovereign state will be the next to need a bailout after Greece, Ireland and Portugal and what the ramifications will be for the credit markets.
37. In 2008, gold hit $900 an ounce in January of that year and $1000 an ounce for the first time in March 2008. In 2011, gold and silver just hit all time highs last week with gold hitting $1535 an ounce and silver in a distinct bubble at $50 an ounce.
38. As in 2008, U.S. GDP growth was anemic in the first quarter. In 2008, economic growth clocked in at .6% in Q1. In 2011, GDP growth was better at 1.8% but show a significant slowdown from the previous quarter.
39. As in 2008, the fiscal and monetary policies of the United States have led to a decline in the value of its currency. Despite significant problems in Europe and Japan, the dollar index just hit its lowest point since July 2008. This is a major contributor to the increasing inflation ..
40. In 2008, China, the world’s third largest economy, instituted a series of measures to curb growth in order to address increasing inflation and the beginnings of a property bubble. The Shanghai Index fell over 10% in the first half of 2008. In 2011, ..the Shanghai Index has been flat despite the S&P being up approximately 15% over the same time period

]

Osama bin Laden was discovered ‘hiding in plain sight’ in Pakistan (Washington Post) U.S. officials begin to provide details on the chronology of events. [

Intel Chief: They Killed “Make Believe Obama” Kurt Nimmo | Hamid Gul says event was a “make believe drama” designed to be used for Obama’s upcoming re-election campaign.

Police State Kicks Into Overdrive On Dubious News of Osama Takedown Kurt Nimmo | Increased police presence in New York, Washington, Los Angeles, Seattle, and elsewhere around the country.

Red Alert: Government Had Osama bin Laden Frozen for Years

Kurt Nimmo and Alex Jones | Obama makes a suspiciously timed speech, claims Osama killed in Pakistan. Videos [ As set forth infra, I personally believe Osama’s been dead for quite some time. Indeed, for one on dialysis, he otherwise would have been nothing less than a modern day miracle in terms of longevity / mortality rates for those so afflicted, particularly under the ‘stressful’ circumstances involving evading capture, betrayal for money, etc.. His ‘surfacing’ for a ‘talk’ wouldn’t even pass muster in the most rudimentary requirements for ‘proof of life’. The release at this time of the ‘announcement’ is, rather than a victory lap so to speak, but rather a sign of weakness and desperation on the part of america whose global and domestic economic, financial, and geopolitical position is substantially diminished and declining rapidly and whose military industrial complex welfare plan along with the Orwellian diversion of the masses could at most yield a pyrrhic victory which also would require for consummation a wrap-up of this nation-bankrupting contrived war scenario, which is not likely. Moreover, the same comes at a time of systemic failure for pervasively corrupt, defacto bankrupt america While the ‘announcement’ plays well for the nonce, to the dumb, uninformed back home, the same will galvanize resistance in the name of their now martyr, Osama Bin Laden. In sum, other than somewhat questionable propaganda value, the announcement will have no measurable effect on america’s continuing mideast / global debacle. In other words, defacto bankrupt america has used up a ‘bullet’, albeit a blank at that! ]

In February, 2004, Iranian state radio claimed Osama bin Laden had been captured in Pakistan’s border region with Afghanistan “a long time ago.” Pentagon and Pakistani officials denied the report. “Osama bin Laden has been arrested a long time ago, but Bush is intending to use it for propaganda maneuvering in the presidential election,” the radio report said…’ ]

The Dead Bin Laden Photo Does Nothing To Address These Facts The establishment media has manufactured a strawman argument centered around the false premise that when the White House releases an image of Osama Bin Laden with a bullet through his head, which we’re told is imminent, that instantly puts to bed every “conspiracy theory” (ie truth and documented cover-up) surrounding OBL’s dubious history as the head of Al-Qaeda, a US intelligence front.

Pakistan Could Be Linked To OBL – But The CIA Defninitely Is In the video below, John Brennan, the chief counter-terrorism adviser for the globalists, tells us the government is looking into a connection between Pakistan and Osama and the scary terror group named after a Mujahideen database.

Bin Laden’s Neighbour: “None Of This Is True” A resident of Abbottabad says he believes it is simply not true that Bin Laden was hiding out in a compound within yards of his own home.

Washington Post: Report of bin Laden’s death spurs questions from conspiracy theorists While much of America celebrated the dramatic killing of Osama bin Laden, the Sept. 11 conspiracy theorists still had questions. For them and a growing number of skeptics, the plot only thickened.

RASMUSSEN: No ‘Immediate Bounce’ for Obama Thursday will be the first update based entirely upon interviews conducted after the Bin Laden story broke.

White House Struggles To Get Its Lies Straight In Telling Bin Laden Fairytale The White House backed away Monday evening from key details in its narrative about the raid that killed Osama bin Laden, including claims by senior U.S. officials that the Al Qaeda leader had a weapon and may have fired it during a gun battle with U.S. forces.

Obama Shamefully Exploits Bin Laden Fairytale In Transparent PR Stunt Mirroring how George W. Bush stood on the rubble of the twin towers to perform a staged public relations stunt in the aftermath of 9/11 as he enjoyed a huge surge in popular approval, Barack Obama is attempting to pull off the same trick, invoking “9/11-style unity” and busily heading to ground zero tomorrow to shamefully exploit the Bin Laden fairytale his administration has crafted.

Drudgereport: IMAM: 'Dogs should not rejoice too much for killing lions'...
IMAM VOWS REVENGE

UN rights boss asks US for facts on bin Laden killing...
Pakistan condemns 'unauthorized unilateral action'...

PANETTA: Photo coming...
One image shows a bullet wound to his head above his left eye...
Likely to become most viewed photographs in modern history...
Will death image silence doubters or fan flames?
CARNEY: Release 'could be inflammatory'...
Concerned with Muslim 'sensitivities'...
Should news organizations publish?
What bin Laden photos show...

IMAM VOWS REVENGE

STORY CHANGES: OSAMA DIDN'T HAVE GUN, DIDN'T USE WIFE AS SHIELD...
WH SPOKESMAN: 'Resistance does not require a firearm'...
Official: Appeared to be 'reaching for a weapon'...
Wife not killed, shot in leg...
FLUSTERED CARNEY: 'EVEN I'M GETTING CONFUSED'...

RASMUSSEN: No 'Immediate Bounce' for Obama...

AVERAGE GAS PRICE NATIONWIDE LIKELY TO TOP $4 BY WEEK'S END...
$4.44 a gallon in Chicago...

Petition Demands Equal FACEBOOK Town Hall Meeting for the GOP Presidential Nominee...

Looters hit tornado victims' homes...

WIKILEAKS' Assange says FACEBOOK a spy tool for US government... [ Facebook is not alone in that regard … you must assume that all is being viewed … that’s my view. Moreover, I further believe that much of the ‘hacking’ / intrusion / viral infections are done by the u.s. government or their assigns. ]

GDP: These Awesome Charts Put the GDP Revision in Perspective

7 Significant Variables That Can Move Stock Prices Lower WallStCheatSheet [ It’s truly a bad investing scenario when stocks / stock market is likened to gambling / sports betting – and I’d say the latter is less prone to fraud / manipulation as is ubiquitously extant on fraudulent wall street. ] ‘ There are many similarities between investing in stocks and handicapping in sports betting. For example, investors (bettors) have opposing views on whether a particular stock will go up or down (win or lose), and determine if the valuation (point spread) is reflective of the proper equilibrium (supply & demand). And just like the stock market, virtually anybody off the street can place a sports bet – assuming one is of legal age and in a legal betting jurisdiction.

Right now investors are poring over data as part of the critical, quarterly earnings ritual. Thus far, roughly 20% of the companies in S&P 500 index (NYSE:SPY) have reported their results and 78% of those companies have beaten Wall Street expectations. Unfortunately for the bulls, this trend has not been strong enough to push market prices higher in 2010. Companies that have reported include: Microsoft (NASDAQ:MSFT), Alcoa (NYSE:AA), American Express (NYSE:AXP), Boeing (NYSE:BA), Bank of American (NYSE:BAC), Citigroup (NYSE:C), Caterpillar (NYSE:CAT), Chevron (NYSE:CVX), duPont (NYSE:DD), General Electric (NYSE:GE), Goldman Sachs (NYSE:GS), IBM (NYSE:IBM), Johnson & Johnson (NYSE:JNJ), JPMorgan (NYSE:JPM),  Coca-Cola (NYSE:KO), Ford (NYSE:F), McDonald’s (NYSE:MCD), 3M (NYSE:MMM), Merck (NYSE:MRK), Proctor & Gamble (NYSE:PG), Sprint (NYSE:S), Traveler’s (NYSE:TRV), United Technologies (NYSE:UTX), eBay (NASDAQ:EBAY), Verizon (NYSE:VZ) and ExxonMobil (NYSE:XOM).

So how and why can market prices go down on good news? There are many reasons that short-term price trends can diverge from short-run fundamentals. One major reason for the price-fundamental gap is the following factor: expectations. Just last week, the market had climbed over +70% in a ten month period, before issues surrounding the Massachusetts Senatorial election, President Obama’s banking reform proposals, and Federal Reserve Bank Chairman Ben Bernanke’s re-appointment surfaced. With such a large run-up in the equity markets come loftier expectations for both the economy and individual companies.

So when corporate earnings unveiled from companies like Google (NASDAQ:GOOG), J.P. Morgan (NYSE:JPM), and Intel (NASDAQ:INTC) outperform relative to forecasts, one explanation for an interim price correction is due to a significant group of investors not being surprised by the robust profit reports. In sports betting lingo, the sports team may have won the game this week, but they did not win by enough points (“cover the spread”).

Some other reasons stock prices move lower on good news:

• Market Direction : Regardless of the underlying trends, if the market is moving lower, in many instances the market dip can overwhelm any positive, stock- specific factors.
• Profit Taking : Many times investors holding a long position will have price targets or levels, if achieved, that will trigger selling whether positive elements are in place or not.
• Interest Rates : Certain valuation techniques (e.g. Discounted Cash Flow and Dividend Discount Model) integrate interest rates into the value calculation. Therefore, a climb in interest rates has the potential of lowering stock prices – even if the dynamics surrounding a particular security are excellent.
• Quality of Earnings : Sometimes producing winning results is not enough. On occasion, items such as one-time gains, aggressive revenue recognition, and lower than average tax rates assist a company in getting over a profit hurdle. Investors value quality in addition to quantity.
• Outlook : Even if current period results may be strong, on some occasions a company’s outlook regarding future prospects may be worse than expected. A dark or worsening outlook can pressure security prices.
• Politics & Taxes : These factors may prove especially important to the market this year, since this is a mid-term election year. Political and tax policy changes today may have negative impacts on future profits, thereby impacting stock prices.
• Other Exogenous Items : Natural disasters and security attacks are examples of negative shocks that could damage price values, irrespective of fundamentals.

Certainly these previously mentioned issues do not cover the full gamut of explanations for temporary price-fundamental gaps. Moreover, many of these factors could be used in reverse to explain market price increases in the face of weaker than anticipated results.

For those individuals traveling to Las Vegas to place a wager on the NFL Super Bowl, betting on the hot team may not be enough. If expectations are not met and the hot team wins by less than the point spread, don’t be surprised to see a decline in the value of the bet.

Wade W. Slome is a CFA and CFP® at Sidoxia Capital Management.

Disclosure: Sidoxia Capital Management (SCM) and some of its clients own GOOG and certain exchange traded funds, but do not own JPM or INTC or any other security referenced in this article…’

10 Reasons 2011 Is Feeling More and More Like 2008 Jensen ‘The market ended April as it began, grinding up on low volume, ignoring increasingly worsening energy prices, continued turmoil in the Middle East and slowing worldwide economic growth. To me it feels like we are in the calm before the storm. More specifically, it eerily feels like the months before the financial crisis and meltdown of 2008. The similarities are striking to me and think the market is ignoring the signs of an impending and significant pullback over the summer.

Here are ten reasons 2011 is starting to feel so much like 2008.

41. Gas prices are rising rapidly and starting to impact consumer spending and sentiment. On Thursday, gas prices hit this highest level since July 31^st, 2008 and have risen every month since last August, up over 30% since the “Arab Spring” commenced in Tunisia. Consumer discretionary stocks are particularly vulnerable. Avoid high priced retailers like Lululemon (LULU) and Under Armour (UA) as well as retailers focused on demographics especially vulnerable to high gas prices, such as Abercrombie & Fitch (ANF).
42. Despite numerous federal programs (mostly failed), the housing market remains moribund. Prices continue to fall across most markets in the United States, albeit at a slower rate than 2008 and in the immediate aftermath of the financial crisis. New housing starts are bumping along at record lows and are contributing little to job growth.
43. The Federal Reserve continues to be behind the curve. In 2008, the subprime loan problem was “contained”. In 2011, Bernanke can’t seem to see any signs of inflation despite rapidly rising energy and food prices (they are not “core” components of the Index Blind Ben places his faith in, after all) or all through the commodity complex.
44. In 2008, we were fighting military actions in two Middle Eastern countries; Iraq and Afghanistan. In 2011, we are still fighting in Iraq and Afghanistan and have added ½ a war in Libya, which we have outsourced to NATO. Given the quickening pace of unrest in that volatile area of the world and our incoherent policy so far in dealing with it, hopefully U.S. obligations there do not increase by the end of 2011. However, given the worsening events in the region, a higher floor for oil prices has been established in the short and medium term.
45. World food prices increased dramatically in the 1st and 2nd quarter of 2008 creating a global crisis and causing political and economical instability and social unrest in both poor and developed nations. The price of wheat has gone up 75% in the last year and many foodstuffs have more than doubled in price over the last twelve months. In 2008, this produced food riots in many developing countries. In 2011, we have uprisings throughout the Middle East (not suggesting this is the primary cause, but a contributor).
46. In May 2008, the market was worried about which was the next financial institution to fall after the Bear Stearns debacle. In May 2011, the market is waiting to see what European sovereign state will be the next to need a bailout after Greece, Ireland and Portugal and what the ramifications will be for the credit markets.
47. In 2008, gold hit $900 an ounce in January of that year and $1000 an ounce for the first time in March 2008. In 2011, gold and silver just hit all time highs last week with gold hitting $1535 an ounce and silver in a distinct bubble at $50 an ounce.
48. As in 2008, U.S. GDP growth was anemic in the first quarter. In 2008, economic growth clocked in at .6% in Q1. In 2011, GDP growth was better at 1.8% but show a significant slowdown from the previous quarter.
49. As in 2008, the fiscal and monetary policies of the United States have led to a decline in the value of its currency. Despite significant problems in Europe and Japan, the dollar index just hit its lowest point since July 2008. This is a major contributor to the increasing inflation that is appearing in various points in the pipeline, especially food and energy.
50. In 2008, China, the world’s third largest economy, instituted a series of measures to curb growth in order to address increasing inflation and the beginnings of a property bubble. The Shanghai Index fell over 10% in the first half of 2008. In 2011, China now the world’s second largest economy, is again instituting a series of measures to curb inflation, including several interest rate hikes. Over the last seven months, the Shanghai Index has been flat despite the S&P being up approximately 15% over the same time period

History does not always repeat itself, but it does rhyme, as the saying goes. For the reasons listed above, I am very cautious here. I believe we are due we are in for a significant correction over the summer of 15%-25%. I am keeping a good portion of my portfolio in cash, awaiting the pullback that I feel is close. I hope to use these funds to pick up good companies with solid growth prospects - like Apple (AAPL) and Google (GOOG) - at some point over the summer at lower prices. The funds I do have in the market are concentrated in large cap blue chip stocks with reasonable valuations, growing revenues and solid dividend yields. Companies like Microsoft (MSFT), Intel (INTC), Novartis (NVS), Abbott Labs (ABT), and Telefonica (TEF) are some of these types of stocks that I think fit the bill. Be careful out there.’

U.S. Treasury: China Has Decreased Its Holdings of U.S. Debt CNSNews.com | Mainland China has decreased its holdings of U.S. Treasury securities since last October.

China to dump two-thirds of U.S. debt reserves? Amid near-daily reports that the U.S. dollar continues to slide in value comes a report that China, the largest holder of U.S. debt, is considering dumping two-thirds of its dollar reserves, which currently stand at about $3.04 trillion.

Bursting Bubbles. Waning Currency Systems and Insolvent Financial Institutions We keep searching Congress for leadership and all we see and hear is compromises and moneyed footsteps leading back to their controllers on Wall Street and in banking. We find few willing to stand up to the military industrial complex or the moneyed powers that control our country. Spending restraint is very difficult to find.

Excessive Leverage Helped Cause the Great Depression and the Current Crisis … And Government Responds by Encouraging MORE Leverage It is well known that excessive leverage was one of the primary causes of the Great Depression. Specifically, many people bought stocks on margin, and when stock prices dropped, they were wiped out and their lenders got hit hard.

36 Statistics Which Prove That The American Dream Is Turning Into An Absolute Nightmare For The Middle Class The U.S. middle class is being shredded, ripped apart and systematically wiped out. If you doubt this, just check out the statistics below.

The American Dream
May 2, 2011

The U.S. middle class is being shredded, ripped apart and systematically wiped out.  If you doubt this, just check out the statistics below.  The American Dream is being transformed into an absolute nightmare.  Once upon a time, the rest of the world knew that most Americans were able to live a middle class lifestyle.  Most American families had nice homes, most American families had a car or two, most American families had nice clothes, most American families had an overabundance of food and most American families could even look forward to sending their children to college if that is what the kids wanted to do.  There was an implicit promise that this was the way that it was always going to be.  Most of us grew up believing that if we worked really hard in school and that if we stayed out of trouble and that if we did everything that “the system” told us to do that there would be a place for us in the middle class too.  Well, it turns out that “the system” is breaking down.  There aren’t enough good jobs for all of us anymore.  In fact, there aren’t very many crappy jobs either.  Millions are out of work, millions have lost their homes and nearly all of the long-term economic trends just keep getting worse and worse.  So is there any hope for the U.S. middle class?

No, there is not.

Unless fundamental changes are made economically, financially and politically, the long-term trends that are destroying the U.S. middle class will continue to do so.

The number of good jobs has been declining for a long time.  The good jobs that have been lost are being replaced by a smaller number of low paying “service jobs”.

Meanwhile, the cost of everything is going up.  It is getting really hard for American families to be able to afford to put food on the table and to put gas in the tank.  Health care costs are absolutely outrageous and college tuition is now out of reach for millions of American families.

Every single month more American families fall out of the middle class.  Today there are 18 million more Americans on food stamps than there were just four years ago.  More than one out of every five U.S. children is living in poverty.  Things are getting really, really bad out there.

The following are 36 statistics which prove that the American Dream is turning into an absolute nightmare for the middle class….

#1 The competition for decent jobs in America has gotten absolutely insane.  There have been reports of people actually getting down on their knees and begging for jobs.  Many Americans are starting to wonder if they will ever get a decent job again.  According to the U.S. Bureau of Labor Statistics, the average duration of unemployment in the United States is now an all-time record 39 weeks…

#2 According to the Wall Street Journal, there are 5.5 million Americans that are unemployed and yet are not receiving unemployment benefits.

#3 The number of “low income jobs” in the U.S. has risen steadily over the past 30 years and they now account for 41 percent of all jobs in the United States.

#4 Only 66.8% of American men had a job last year.  That was the lowest level that has ever been recorded in all of U.S. history.

#5 Once upon a time, anyone could get hired at McDonald’s.  But today McDonald’s turns away a higher percentage of applicants than Harvard does.  Approximately 7 percent of all those that apply to get into Harvard are accepted.  At a recent “National Hiring Day” held by McDonald’s only about 6.2 percent of the one million Americans that applied for a job were hired.

#6 There are now about 7.25 million fewer jobs in America than when the recession began back in 2007.

#7 The United States has lost an average of about 50,000 manufacturing jobsper month since China joined the World Trade Organization in 2001.

#8 A New York post analysis has found that the rate of inflation in New York City has been about 14 percent over the past year.

#9 The average price of a gallon of gasoline in the United States is now up to$3.91 a gallon.

#10 Over the past 12 months the average price of gasoline in the United States has gone up by about 30%.

#11 Spending on energy now accounts for more than 6 percent of all consumer spending.  Every time this has happened since 1970 we have also had a recession that followed.

#12 The average American driver will spend somewhere around $750 more for gasoline in 2011.  Unfortunately, it seems likely that the price of oil is going to go up even higher.  Already the price of oil is closing in on the all-time record….

#13 In the United States, over 20 percent of all children are living in poverty.  In the UK and in France that figure is well under 10 percent.

#14 According to the U.S. Census, the number of children living in poverty has gone up by about 2 million in just the past 2 years.

#15 The wealthiest 1% of all Americans now own more than a third of all the wealth in the United States.

#16 The poorest 50% collectively own just 2.5% of all the wealth in the United States.

#17 The wealthiest 1% of all Americans own over 50% of all the stocks and bonds.

#18 According to a new report from the AFL-CIO, the average CEO made 343 times more money than the average American did last year.

#19 In 1980, government transfer payments accounted for just 11.7% of all income.  Today, government transfer payments account for 18.4% of all income.

#20 U.S. households are now receiving more income from the U.S. governmentthan they are paying to the government in taxes.

#21 59 percent of all Americans now receive money from the federal government in one form or another.

#22 The average cost of tuition, room and board at America’s public universities is now $16,000 a year.  For America’s private universities, that figure is $37,000 a year.

#23 The cost of college tuition in the United States has gone up by over 900 percent since 1978.

#24 Approximately two-thirds of all college students graduate with student loan debt.

#25 17 million college graduates are doing jobs that do not even require a college degree.

#26 According to the Bureau of Economic Analysis, health care costs accounted for just 9.5% of all personal consumption back in 1980.  Today they account for approximately 16.3%.

#27 One study found that approximately 41 percent of working age Americans either have medical bill problems or are currently paying off medical debt.

#28 Back in 1965, only one out of every 50 Americans was on Medicaid.  Today,one out of every 6 Americans is on Medicaid.

#29 Total credit card debt in the United States is now more than 8 times larger than it was just 30 years ago.

#30 During the first three months of this year, less new homes were sold in the U.S. than in any three month period ever recorded.

#31 Now home sales in the United States are now down 80% from the peak in July 2005.

#32 U.S. home prices have now declined 32% from the peak of the housing bubble.

#33 For most middle class families, the family home is the number one financial asset.  Unfortunately, U.S. home values have declined an astounding 6.3 trillion dollars since the housing crisis first began.

#34 According to a recent census report, 13% of all homes in the United Statesare currently sitting empty.

#35 The housing crisis just seems to keep on getting worse. 31 percent of the homeowners that responded to a recent Rasmussen Reports survey indicated that they are “underwater” on their mortgages.

#36 Unfortunately, it looks like millions more middle class Americans could soon be in danger of losing their homes.  According to the Mortgage Bankers Association, at least 8 million Americans are at least one month behind on their mortgage payments at this point

National / World

Intel Chief: They Killed “Make Believe Obama” Kurt Nimmo | Hamid Gul says event was a “make believe drama” designed to be used for Obama’s upcoming re-election campaign.

Police State Kicks Into Overdrive On Dubious News of Osama Takedown Kurt Nimmo | Increased police presence in New York, Washington, Los Angeles, Seattle, and elsewhere around the country.

Red Alert: Government Had Osama bin Laden Frozen for Years

Kurt Nimmo and Alex Jones | Obama makes a suspiciously timed speech, claims Osama killed in Pakistan. Videos [ As set for the infra, I personally believe Osama’s been dead for quite some time. Indeed, for one on dialysis, he otherwise would have been nothing less than a modern day miracle in terms of longevity / mortality rates for those so afflicted, particularly under the ‘stressful’ circumstances involving evading capture, betrayal for money, etc.. His ‘surfacing’ for a ‘talk’ wouldn’t even pass muster in the most rudimentary requirements for ‘proof of life’. The release at this time of the ‘announcement’ is, rather than a victory lap so to speak, but rather a sign of weakness and desperation on the part of america whose global and domestic economic, financial, and geopolitical position is substantially diminished and declining rapidly and whose military industrial complex welfare plan along with the Orwellian diversion of the masses could at most yield a pyrrhic victory which also would require for consummation a wrap-up of this nation-bankrupting contrived war scenario, which is not likely. Moreover, the same comes at a time of systemic failure for pervasively corrupt, defacto bankrupt america While the ‘announcement’ plays well for the nonce, to the dumb, uninformed back home, the same will galvanize resistance in the name of their now martyr, Osama Bin Laden. In sum, other than somewhat questionable propaganda value, the announcement will have no measurable effect on america’s continuing mideast / global debacle. In other words, defacto bankrupt america has used up a ‘bullet’, albeit a blank at that! ]

In February, 2004, Iranian state radio claimed Osama bin Laden had been captured in Pakistan’s border region with Afghanistan “a long time ago.” Pentagon and Pakistani officials denied the report. “Osama bin Laden has been arrested a long time ago, but Bush is intending to use it for propaganda maneuvering in the presidential election,” the radio report said.

Osama bin Laden died of kidney failure soon after the September 11, 2001, attacks. In 2002, Pakistani President Pervez Musharraf said bin Laden had kidney disease, and that he had required a dialysis machine when he lived in Afghanistan. That same year, the FBI’s top counterterrorism official, Dale Watson, said, “I personally think he is probably not with us anymore.”

A Taliban leader told the Pakistan Observer on December 21, 2002, that Bin Laden was suffering from a serious lung complication and died in mid-December, in the vicinity of the Tora Bora mountains. The source claimed that bin Laden was laid to rest honorably in his last abode and his grave was made as per his Wahabi belief, according to Fox News.

Alex Jones was told live on the radio in 2002 by high-level Council on Foreign Relations members that Osama Bin Laden had died of kidney failure in early 2002.

“I have it from high level [sources] from inside the Bush administration…that bin Laden died of natural causes and that his family has given the body to the CIA, that they’re gonna roll him out right before the election, that he’s on ice right now. They will claim they killed him right before the election,” Alex said at the time.

“Jones gave a caution that the intelligence could be disinformation but claimed that his base in Austin was extremely close to the Bush administration and similar information received in the past had been credible,” Paul Joseph Watson wrote in August of 2002.

During the 2004 election, CNN reported that Democratic insiders had been told that George W. Bush was going to use the Bin Laden body as an ace-in-the-hole if he thought he was in danger of losing the 2004 election. This confirmed the evidence that Jones had been given by the CFR and others.

In 2003, former Secretary of State Madeleine Albright told Fox News Channel analyst Morton Kondracke she suspected Bush knew the whereabouts of Osama bin Laden and was waiting for the most politically expedient moment to announce his capture.

Benazir Bhutto, who was killed in a suicide attack at the end of 2007, stated that Osama bin Laden had been killed by Ahmed Omar Saeed Sheikh, a man convicted of kidnapping and killing journalist Daniel Pearl.

Obama’s announcement follows the release of a highly suspicious birth certificate last week. Both events represent psychological operations that possibly portend more significant events in the days ahead as the U.S. dollar continues to lose its reserve status, the economy fails to recover as promised, and wars expand in Libya, Pakistan, and Afghanistan.

Obama’s propaganda stunt arrives as the Democrats kick off their leader’s presidential reelection bid against a number of Republicans contenders who have been highly critical of not only his perceived handling of the economy, but also his management of the manufactured war on terror.’

Live 7 P.M. CST: Alex Jones Special on Bin Laden Hoax Infowars | Alex Jones to give special statement discussing the psy-op and hoax surrounding the reported death of Osama bin Laden.

Osama Bin Laden is Dead Matt Ryan | President Barack Obama is set to address the nation shortly regarding reports that Osama Bin Laden is dead.

Mainstream Media Blames Fake OBL Photo Used By Mainstream Media On “Conspiracy Theorists” Steve Watson | Government says it has real images and video, still deciding whether to release them.

Inside Sources: Bin Laden’s Corpse Has Been On Ice For Nearly a Decade Paul Joseph Watson | Multitude of respected intelligence officials and heads of state have publicly and privately asserted Osama has been dead for years.

Staged Osama Assassination: Get Ready for More War Kurt Nimmo | Cheering crowds voice approval of contrived war on terror.

Government Says Osama Buried at Sea Infowars.com | Anonymous government source says Osama burial followed Islamic practice and tradition.

Media Runs Fake Photo To Illustrate Bin Laden Death Propaganda Paul Joseph Watson | Everything about the Bin Laden myth is fake, so why worry about illustrating his “death” with another contrived hoax?

Final Fake Bin Laden Tape “In The Pipeline” The Obama administration may have announced the demise of Osama Bin Laden last night, years after every other intelligence analyst worth their salt voiced the open secret that Osama has been dead for the best part of a decade, but there’s still time for one more hoaky terror tape that will allow the boogeyman to frighten Americans into giving up more of their rights one last time.

Intel Chief: They Killed “Make Believe Obama” Former Pakistani intelligence chief Hamid Gul went on the Alex Jones Show today and characterized the unverified assassination of Osama bin Laden as symbolic theater.

Chinese Media Reports Pakistani Forces Killed Bin Laden, Then Retracts Pakistani Urdu TV channel Geo News quoted Pakistani intelligence officials as saying that the world’s most wanted terrorist Osama Bin Laden was killed in a search operation launched by the Pakistani forces.

Musharraf: Bin Laden mission violated Pakistan Former Pakistani President Pervez Musharraf on Monday accused the U.S. of violating his country’s sovereignty by sending in special forces to kill Osama bin Laden.

Osama Bin Laden Pronounced Dead… For the Ninth Time When Obama pronounced Osama Bin Laden dead in a televised announcement heard round the world last night, he was at least the ninth major head of state or high-ranking government official to have done so.

Huffington Post Bans Commenters For Questioning Official Story of Bin Laden Death After comment-threading at Huffpost this afternoon about the range of inconsistencies between the White House account of the anti-Bin Laden operation and what appear to be the facts, this little message greeted me when I went to leave a link to tonight’s piece there an hour ago: Sorry, but you have been banned from commenting.

Mainstream Media Blames Fake OBL Photo Used By Mainstream Media On “Conspiracy Theorists” The London Guardian has suggested that the fake image used by several British mainstream media websites this morning on their front pages was the work of “conspiracy theorists” who claimed it was genuine.

Inside Sources: Bin Laden’s Corpse Has Been On Ice For Nearly a Decade A multitude of different inside sources both publicly and privately, including one individual who personally worked with Bin Laden at one time, told us directly that Osama’s dead corpse has been on ice for nearly a decade and that his “death” would only be announced at the most politically expedient time.

Staged Osama Assassination: Get Ready for More War If the cheering crowd at midnight outside the White House is any indication, the American people are ready to support more mass murder in the Middle East.

Osama Bin Laden Pronounced Dead… For the Ninth Time When Obama pronounced Osama Bin Laden dead in a televised announcement heard round the world last night, he was at least the ninth major head of state or high-ranking government official to have done so.

Media Runs Fake Photo To Illustrate Bin Laden Death Propaganda Killing Osama bin Laden is a pretty big deal. You’d think that it would be in the interests of US forces to take a snapshot of the elusive terror leader to milk the propaganda value of such a momentous turn of events, and yet the corporate media has given us nothing but a years old fake picture. This makes little sense, unless of course, somebody is trying to hide something, namely the fact that Osama’s dead corpse has been on ice for the best part of a decade.

Osama bin Laden Has Been Dead For Years CNN and the corporate media report this evening that purported CIA asset Osama bin Laden has been killed by the U.S. military in a mansion outside the Pakistani capital of Islamabad along with other family members.

Osama Raid Plan Was Cancelled Last Month Sources tell ABC News that in March President Obama authorized the development of a plan for the U.S. to bomb Osama bin Laden’s Abbottabad compound with two B2 stealth bombers dropping a few dozen 2,000-pound JDAMs (Joint Direct Attack Munitions) on the compound.

Stock market on a roll despite slowing economic growth, lingering unemployment[Also known as reality! Roll … yes, indeed … everyone’s to get rolled! ] (Washington Post) Dow is up more than 10 percent for 2011, to its highest point in nearly three years. [ Same bubble scenario preceeding last crash (including currency manipulation); yet, far worse this time owing to insurmountable debt and defacto bankruptcy of the nation.

Fed Chairman Bernanke does reality TV (WP) [ Except the ‘NO-RECESSION HELICOPTER BEN B.S. BERNANKE’ show is scripted unreality … even with his reduction in estimate for ‘economic growth’, the frauds on wall street still rallied. Bernanke prepares to make history (Washington Post) [ He already has! $6 gas acomin’, $1,508+ gold, $46+ silver, other commodities at record levels, hyperinflation as predicted well on the way from over-printing of fiat paper currency by fed as predicted, etc., Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic performance of the past ten years, equity valuations are the 2nd largest bubble in U.S. history... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued according to this valuation metric. The only time the markets have been more overvalued was a few brief months in 1929 and the tech bubble

... growth in earnings have been artificially manufactured...

· The change in accounting rules for the financial sector by FASB has generated massive “false” account profits beginning in 2009.

· The extended (and then further extended) unemployment benefits have kept an artificially higher demand for consumer consumption. As a result, the US government has artificially subsidized corporate profits.

· The billions saved through “free loading” by homeowners who have defaulted on their mortgages yet maintained their residence, thus living without a mortgage payment.

· The artificially suppressed interest rates...

Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come!

ATTENTION: REPORTERS – HIP BOOTS MANDATORY, WADERS RECOMMENDED SINCE YOU’LL BE AT LEAST KNEE-DEEP IN ‘NO-RECESSION HELICOPTER BEN B.S. BERNAKE’ B*** S***! ] On Wednesday, he will be the first Fed chairman to take on-the-record questioning from the media.

24 Signs Of Economic Decline In America ‘The United States is in the middle of a devastating long-term economic decline’ ] States face shortfall for retirees]

Why do Americans still dislike atheists? (Washington Post) [ And not just americans … Why? First and foremost because there is a God. Second, it is intellectually dishonest to be an atheist. Specifically, there is absolutely no evidence to dispute the existence of God. While one might similarly argue that there is no evidence to suggest there is a God (which I would dispute), which for most is a fair statement, the same would yield at best, if intellectually honest, the position of ‘agnostic’. I can totally understand and even empathize with the view of the agnostic. After all, at this point, there seems to be ‘no rhyme nor reason’ at all. But, think binary, positives / negatives. Just too many negatives. Think ‘capital punishment’. No, the world’s not going to end in 2012 as some fear. Rather, think slow burn; decades at best; then ‘poof’. In the scheme of things, this world’s just not that important (apes, notochordates, and initially single celled organisms). Kind of akin to what I previously wrote: (God doesn’t care that you wrestle a girl who wants to wrestle!) Boy wrestler forfeits match to female opponent... [ What a homo! Wow! I feel sorry for those guys she actually beat (20 of them – her record was 20 and 13) … they’ll probably never get over it … nor should they … I have to rethink my regard for Iowa, Iowa state wrestling now presuming such stalwart championship teams to be the products of out-of-state imports … as for the guy who forfeited, he could have easily and gently taken her down (you can easily do that with a lesser opponent), got her in a double grapevine and grind her in a certain way into the mat, and when she was in the throws of convulsive orgasm, she’d unwittingly arch her back, thereby pressing her own shoulder blades to the mat, thereby pinning herself, thus enabling the homo to say in a manner of speaking that he was making heterosexual love not war with her ……… how pathetic and preposterous this was … and, let me remind the homo that God doesn’t care that you wrestle a girl who wants to wrestle! ]]

Reporters on parade (Washington Post) The White House Correspondents’ Dinner is a display of excess. [ Ah! Another rare instance of my agreement with Mr. Milbank; except, I would have emphasized the excess of everything but future impacting news, out in plain view for everyone to see, yet never quite making the headlines such potentially future altering news deserved. Indeed, who likes to hear such dire, dreary, depressing news when ‘uplifting’, mind-numbing powder puffs can fill the pages…and did … to everyone’s detriment. Attorney General Holder defends his tenure (Washington Post) [ Defending the indefensible! Yes … there is no defending this ag … He should step down, forced to resign … Obama faces fundraising test in California (Washington Post) [ Test? You mean intelligence test for those Californians? A cliché, aphorism is apposite: ‘Fool me once, shame on you. Fool me twice, shame on me’. Now frauds on wall street got value for their bribes; viz., no prosecution of their continuing nation-destroying frauds, yet cleaning up the frauds with prosecutions was the presumption upon which their support was predicated , at least in part. Certainly Hollywood spoke with their academy award for ‘Inside Job’ . Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billiions from the fraud ), the commentator / experts recommend getting rid of the corrupt eric holder ( what do holder and wobama have in common … wall street money? … a proclivity for jive-talking / b*** s*** ?...all/some of the above … or is it something else ... . UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown. ]

]

U.S. troops’ deadliest month in Iraq (Washington Post) With 11 deaths, April was the worst for U.S. forces since combat missions officially ended last year, according to military and independent record keepers. [Riiiiight! … That ‘progress thing’ they keep reminding us of … which of course is progress in progressive increasing pervasively corrupt, defacto bankrupt america’s insurmountable debt. Key Afghan aid programs delayed (Washington Post) [ Strategy? Critical time? Seems we’ve heard that song before. And, yet another nation and innocent lives destroyed for no good reason … and, pervasively corrupt and defacto bankrupt america … winning hearts and minds …NOT! … Petraeus to helm more-militarized CIA (Washington Post) [ I personally unequivocally believe there has already been a defacto coup d’etat in america. Drudgereport: Pentagon Warns Obama Against Deeper Defense Cuts ... (And where is it going to come from ... we've already had in pervasively corrupt, defacto bankrupt, war crimes nation america a defacto coup d'etat) ... Ron Paul: After ‘CIA coup,’ agency ‘runs military’  US House Rep. Ron Paul says the CIA has has in effect carried out a “coup” against the US government, and the intelligence agency needs to be “taken out.”  I also personally believe there has been a defacto coup d’etat which has manifested in various substantial, blatant, brazened frauds, ie., wall street, missing 360 tons of $100 bills in Iraq, war profiteering, etc., without any fear of prosecution, and of course concomitant decline for u.s. as the treasury is looted. But I also believe its scope is beyond just the CIA with many complicit within the corrupted 3 branches of u.s. government (fed judges, us attorneys, illegal system, etc.) plus the military and private big money, ie., Goldman Sachs / wall street men, etc… http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm

Top Mexican Drug Lord: I Trafficked Cocaine For The U.S. Government .. CIA torture jet that crashed with four tons on cocaine on board back in 2007 has told the U.S. District Court for the Northern District of Illinois in Chicago that he has been working as a U.S. government asset for years. . Rendition: Where the War on Terror Meets the War on Drugs Henningsen | ... I’ve experienced the corrupt inter-relationship of the government (all 3 corrupt branches) and the illegal drug trade / obstruction of justice / bribery first hand, particularly the courts / u.s. attorneys offices (ie., alito – now u.s. supreme court justice – quid pro quo for his complicity / cover-up), feds

]

The outdated ‘Trump Rule’ (Washington Post) COLUMN | The would-be GOP presidential contender has long shown a penchant for sexism. Trump calls leaders ‘stupid’ at Vegas casino [ Again, the pot calls the kettle black … if it was only just sexism that defined deeply flawed, mental case, mobster / fraudster trump, … yet there’s just enough truth and an open bar to keep their attention … Memo to Donald Trump: You're fired Los Angeles Times - What The Donald 'accomplished' is to make a fool of himself and diminish President Obama's dignity. It's time for the loud-mouthed man with the big bankroll and bad haircut to take his sideshow to the trash heap.’… What Mr. Banks fails to realize is that wobama has no dignity and appropriate criticism, as I’ve said before, is to him like ‘water off a duck’s back’ and you can not shame the stereotypical wobama. TRUMP TO GIBBS: YOU'RE 'A LOSER' [‘Another trumped-up case of the pot calling the kettle black’]... TRUMP: Obama Not Worthy of Ivy Leagues... [ Talk about the pot calling the kettle black … trump’s b.s., low grade (penn) ivy league (courtesy of papa mobster trump who ‘twisted his arm to go’ so people would take him ‘seriously’ – papa mobster trump would pound the undistinguished academically / athletically, Donald with the mantra, ‘you’re a killer, you’re a king’ in film noir melodramatic fashion which proved too much for the more balanced and ‘chosen / favored’ elder brother trump who committed suicide. The old man also required trump to go to prep / military / boarding school where according to a classmate, Ted Levine, trump used to wet / pee in his bed. ) vegetable garden in the same manner as dumbya bush … mobster trump and people like trump are part of the problem (total b*** s***, fraud, etc., as in his home turf, mob-infested sinkholes, jersey / new york), not the solution. Indeed, trump is an interesting mental case in that he evolved from narcissist (those inflated grandiose moods coupled with feelings of inferiority – he loved to obsessively read those hitler speeches for inspiration and to pump himself up according to Ivana Trump) to severe case of antisocial personality disorder [ predatory disregard for and violation of the rights of others – hence, those sophomoric soundbite solutions to complex problems as, ie., taking oil fields(Libya), 25% tariff on Chinese (american goods made in China), drug money laundering in his casinos, bribery, etc. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]

In a rational nation that wasn’t in decline as pervasively corrupt, defacto bankrupt america, trump and sister Maryanne would both be in prison.

The president, lost in thought (WP) [ How ‘bout just lost! Wobama … a common liar. Drudgereport: TELEPROMPTER INVENTOR DIES... (Wobama ‘mourns … day of silence declared’)

U.S. Murders Children in Bid to Assassinate Qaddafi Tony Cartalucci | Ghoulish hunt for Qaddafi defines NATO.

Nuclear Adviser to Japanese President Resigns Over Radiation Levels Infowars.com | Toshiso Kosako says government set inappropriate radiation limits for elementary schools near plant.

Osama bin Laden Has Been Dead For Years CNN and the corporate media report this evening that purported CIA asset Osama bin Laden has been killed by the U.S. military in a mansion outside the Pakistani capital of Islamabad along with other family members.

Fed Sting Against Amish Raw Milk Producer Results in Federal Case A year long sting operation against an Amish “contraband” raw milk producer in Pennsylvania has resulted in a court case against Rainbow Acres Farms. The government filed a ten page complaint against the Amish business in federal court last week.

Romney: Blame Obama for Record Gas Prices Sick and tired of high gas prices? It’s all Obama’s fault, according to Mitt Romney, who pumped his own gas on Friday as the cameras rolled.

Gaddafi’s youngest son killed in NATO airstrike Sayf al-Arab Gaddafi, embattled Libyan leader Muammar Gaddafi’s youngest son, has been killed in an airstrike on Saturday, a government spokesman says.

US Murders Children in Bid to Assassinate Qaddafi (Again) The very policy of targeted assassinations sidesteps any semblance of law, national or international.

Libya disabled children school hit in NATO strike Shattered glass litters the carpet at the Libyan Down’s Syndrome Society, and dust covers pictures of grinning children that adorn the hallway, thrown into darkness by a NATO strike early on Saturday.

“We don’t have time for this silliness”: White House correspondents’ dinner sees a less-serious Obama Hoping to further quash conspiracy theories, President Obama announced Saturday night that he would show his official birth video, in front of an audience of 2,500 journalists, celebrities and hangers-on at the Washington Hilton.

Syria: Intervention Inevitable Regime change in Syria was a foregone conclusion as early as 1991. General Wesley Clark in a 2007 speech in California relayed a 1991 conversation between himself and then Under Secretary of Defense Paul Wolfowitz.

Drudgereport: REPORT: Bin Laden already buried at sea... [ As set for the supra, I personally believe Osama’s been dead for quite some time. Indeed, for one on dialysis, he otherwise would have been nothing less than a modern day miracle in terms of longevity / mortality rates for those so afflicted, particularly under the ‘stressful’ circumstances involving evading capture, betrayal for money, etc.. His ‘surfacing’ for a ‘talk’ wouldn’t even pass muster in the most rudimentary requirements for ‘proof of life’. The release at this time of the ‘announcement’ is, rather than a victory lap so to speak, but rather a sign of weakness and desperation on the part of america whose global and domestic economic, financial, and geopolitical position is substantially diminished and declining rapidly and whose military industrial complex welfare plan along with the Orwellian diversion of the masses could at most yield a pyrrhic victory which also would require for consummation a wrap-up of this nation-bankrupting contrived war scenario, which is not likely. Moreover, the same comes at a time of systemic failure for pervasively corrupt, defacto bankrupt america While the ‘announcement’ plays well for the nonce, to the dumb, uninformed back home, the same will galvanize resistance in the name of their now martyr, Osama Bin Laden. In sum, other than somewhat questionable propaganda value, the announcement will have no measurable effect on america’s continuing mideast / global debacle. In other words, defacto bankrupt america has used up a ‘bullet’, albeit a blank at that! ]

SHOT IN HEAD; BIN LADEN IS DEAD.....
SEALS HELD TWO REHEARSALS; OBAMA WATCHED RAID IN SITUATION ROOM...
Mission was to kill, not capture; no prisoners taken...
OFFICIAL: BIN LADEN GIVEN RELIGIOUS FUNERAL BEFORE SEA BURIAL...
Obama: U.S. Carried Out Operation 'At My Direction'...
Hundreds gather outside Bush's Dallas home...
SIGN: 'Obama Forgot To Say Thank You President Bush!'
Killing brings anger, relief in Arab world...
Pakistanis rally to pay homage to bin Laden...
Musharraf: Mission violated sovereignty...
Hamas condemns killing of 'holy warrior'...

BURIED AT SEA:
WH DEBATES RELEASING PHOTO OF CORPSE

U.S. issues worldwide travel alert...
Islamists: Death will not mute Jihad call...
OFFICIAL: U.S. didn't want to create shrine...
DNA tests won't be complete for days...
WHITE HOUSE: BODY HANDLED IN 'ACCORDANCE WITH ISLAMIC PRACTICE'...
WIKILEAKS: Al Qaeda to unleash 'nuclear hellstorm' if Osama killed...
FEAR: Security Tightened at NY Airports, Times Square, World Trade Center Site...
Napolitano: 'Heightened state of vigilance'...
U.S. issues worldwide travel alert...
Chemical Biological Response Team Recalled from Japan...
Taliban commander vows to avenge death...
USA 'Faces Broad Terror Threat'...

SHOT IN HEAD; BIN LADEN IS DEAD.....
Killed in mansion close to Pakistani capital...
Crowds gather at White House, Ground Zero to celebrate...
REPORT: DNA testing confirms bin Laden death... [ Come on! Much like the purported ‘in-house’ DNA test ‘confirming’ the paternity of ‘Prince Harry’ (actually the bastard son of Hewitt), easy enough to buy / contrive with sworn secrecy / money. ]
WH: '99.9% sure...
PENTAGON: WIFE IDENTIFIED HIM BY NAME DURING RAID...
Senator questions sea burial... [ Yeah … pretty quick at that, particularly for the u.s. government! Riiiiight! ‘Dead men buried at sea quickly tell no tales!’ Sounds contrived, set to music for propaganda value at u.s. low point. ]
Islamic scholars condemn...
SKYNEWS: Can US Offer Final Proof Of Osama's Death?
Will there be a photo?
Raid captured on TWITTER...
PHOTOS: 719 newspaper front pages announce death...

GADHAFI SURVIVES ATTACK THAT KILLS SON...
Disabled children school hit in NATO strike...
April deadliest month for US in Iraq since '09...
Obama's father forced out at Harvard... BOSTON — President Barack Obama’s father was forced to leave Harvard University before completing his Ph.D. in economics because the school was concerned about his personal life and finances, according to newly public immigration records. Harvard had asked the Immigration and Naturalization Service to delay a request by Barack Hussein Obama Sr. to extend his stay in the U.S., “until they decided what action they could take in order to get rid of him,” immigration official M.F. McKeon wrote in a June 1964 memo. Harvard administrators, the memo stated, “were having difficulty with his financial arrangements and couldn’t seem to figure out how many wives he had.”…’

Read more: http://www.politico.com/news/stories/0411/53968.html#ixzz1L7vqFAhV

‘Microsoft confirmed Thursday its Windows cash machine is under threat. So what else is new? Uncertainty about the PC market's growth prospects, and what that means for Windows in particular, arguably has been baked into Microsoft's ...’

Microsoft wrestles slack PC sales and wilting stock Reuters [ Microsoft is a dinosaur that should be out of business! My latest / current but typical problems with Microsoft / windows-based pc’s (dell) confirms this! ]

Gallup Poll Shows that More Americans Believe the U.S. is in a Depression than is Growing … Are They Right? [ Yes! ]Consumer confidence is, well … in somewhat of a depression.

Investors Seek Shelter: Dave's Daily ‘Another day and another light volume rally in stocks. Investors continued to hedge this action by buying precious metals. Ludicrous statements by government officials regarding inflation and the dollar are starting to wear thin even among Permabulls. The WSJ headlined this topic Friday stating government officials are "unfazed by dollar slide". But, they reached fuzzy conclusions about what to do about it. As long as the government doesn't seem to care, commodities will rise, especially precious metals. It's the elephant in the room no one really wants to confront. One way to end Bucky's slide is to stop printing so much money. The Bernank hasn't figured this out since his previous academic studies didn't yield results like we're experiencing now. In the Great Depression, from which he gained his theories and policies, it was illegal to own gold and currency trading hardly existed. But the Fed Chairman hasn't figured this out yet so he continues to keep the presses running at full speed as we saw today with more POMO ($6.6 billion) actions to lube the Primary Dealers. Earnings continue to roll-in mostly mixed. The DJIA continues to lead the way as high priced heavyweights (BA, CAT, CVX and etc) continue to lead the price-weighted index higher. Losers included Microsoft(MSFT_) and Research in Motion(RIMM_). The bottom line is that it's the end of the month and window-dressing remains at the forefront…’

Why History Says You Should 'Sell in May' Sterman ‘The most active traders, which usually man Wall Street's trading desks, can alter market sentiment by either their presence or absence. As the weather warms, these traders take ever longer lunch breaks, which morphs into "Friday-free weekends," culminating in their absence for decent chunk of the month of August. When these traders leave their desks, it's a sign for the rest of us to cool off as well, in case thin trading volume causes one of our holdings to suddenly spike or plunge. Hence, the old-adage: "Sell in May and then go away." (Until the fall...)

Is it a wise move? Let's look. Well, we know April surely gives the impressions of a solid market rally. The S&P 500 (SPY) rose, 4%, 4% and 10% respectively in each of the past three years and is up another 2.2% this month. That rally has recently extended into May, as the S&P 500 has rallied an average of 3% in the past three years. But by the end of May, the party seems to end.

(Click charts to expand)

http://static.seekingalpha.com/uploads/2011/4/29/saupload_04_29_11_sterman.png

The market has fallen in six of the past 10 Junes of the past decade, three times the rate at which the various positive months have risen. Was there a July bounce-back? Well, the five Julys of the last decade were split, but the average loss was greater than the average gain.

http://static.seekingalpha.com/uploads/2011/4/29/saupload_04_29_11_sterman2.png

The rest of the summer doesn't hold much promise, either. An analysis by Standard & Poor's shows that in the past 60 years, the market has fallen by 0.04% on average in August. It's even worse in September, with that figure dropping to 0.78%. In fact, September is the only month to produce negative average results through the past 80 years, according to Ibbotson & Associates. Lastly, here's a sobering stat: according to S&P, since 1950, the Dow Jones Industrial Average has produced an average gain of 7.4% from November through April and 0.4% from May through October. (Yet as I noted above, May has looked a bit stronger during the past three years.)

If you believe in the notion of "sell in May and go away," then there are certain sectors you should be concerned about that are especially vulnerable to the summer doldrums. For example, tech stocks tend to lag in summer months, due to the capital spending cycle. Major orders are placed at the beginning of the year and then purchasing managers are told to slow it down as the year progresses, in part because it's hard to round up key materials during the summer to complete major installations when so many are planning their summer vacations. By year's end, tech spending rebounds as purchasing managers tend to spend allocated-but-unused funds, in what's know as a budget flush.

Natural gas stocks tend to weaken in the summer, unless it is an especially active season for hurricanes or a large heat wave causes a spike in demand. In their absence, heavy gas production, coupled with seasonal ebb in demand, has tended to max-out gas storage facilities. And when that happens, gas prices hit new lows and producers are forced to curtail production.

Lastly, commodities such as precious and industrial metals tend to slump as major purchasers compete their full-year purchasing needs in the spring. Indeed, China is said to be sitting on more-than-ample supplies of copper, silver and other surging commodities, right at a time when the Chinese government is trying to cool its economy. A drop in demand would pull the rug out from some of the highest-flying commodities. Watch the commodity sector, especially as it is priced to perfection and highly vulnerable to any slowdown in demand…’

S&P's US Downgrade and the Death of American Exceptionalism Harding ‘america, formerly the world’s greatest country, whose financial strength and currency were supreme for the past 100 years, has been put on notice by Standard & Poor’s that it is … second rate status. It was disconcerting to read the ho-hum reactions of economists to S&P’s shift to a negative outlook for US sovereign debt. As one who sees darker implications of a downgrade in Treasuries, it gave me pause to wonder if I am overreacting to the event. Perhaps they are correct in that it will probably not happen, and that if it does, it’s no big deal because the dollar is still the world’s reserve currency. Japan (real fine…disaster) and Great Britain (real fine…disaster) did it and they are fine. And where else would investors go?

My conclusion is that the other 99 guys are out of step. My fellow analysts are mired so deep in the trees that they overlook the forest of reasons why we got into this mess in the first place. The problem with economic analysis and analysts is that there is a tendency of disassembly. By breaking down the problem into its parts one can miss how they all connect. Perhaps if they stepped back and considered where this country is heading they would be less sanguine.

After all, we are not looking at a single event but a series of political decisions made over the past 15 years or so that have created today’s budget crisis. And stepping back even farther, we are experiencing fundamental changes in American culture. The well-worn cliché of the large ocean tanker taking miles to change course is an accurate depiction of our situation. There is so much built-in momentum based on entitlements and defense spending it is unlikely that a crisis can be avoided.

Our economic and policy experts need to focus on this long-term problem rather than just its short-term effects. Unless we deal with the fundamental problems, today’s jury-rigged fixes will not stop our continued downward spiral.

The long-term problem is that American culture has changed and we are losing what has been known as American “exceptionalism” as described by de Toqueville in Democracy in America:

Tocqueville tried to understand why America was so different from Europe in the last throes of aristocracy. America, in contrast to the aristocratic ethic, was a society where hard work and money-making was the dominant ethic, where the common man enjoyed a level of dignity which was unprecedented, where commoners never deferred to elites, and where what he described as crass individualism and market capitalism had taken root to an extraordinary degree.

These values, behaviors, and ideas made America great.

But, things have changed. Today it is acceptable to rely on government to solve our problems instead of taking responsibility for solving them ourselves. We borrow more, spend more, save less, and rely on government to bail us out in old age. We want government to “take care of us” when it comes to medical care. We have become a culture of entitlement. And our rhetoric is more about victimhood and entitlement than initiative and self-reliance. Unlike our grandparents, we have no shame from accepting handouts.

We now accept Social Security and Medicare as normal. Many want Obamacare and are willing to give up some sovereignty and self-reliance to get it. Our younger generations believe they have a right to higher education and that they (or their parents) should not have to pay for it. Government always has a solution for you.

This is a massive cultural shift and it represents a struggle between two opposing forces: our exceptionalism versus the entitlement culture. Both operate in our society side-by-side, but the trend clearly favors the culture of entitlement.

Our exceptionalism has declined inversely to the rise of the welfare state. It started with the Progressive movement in the early 20th Century and the rise of a powerful federal government. The greatest change came during the Franklin Roosevelt years when government was seen to be a solution rather than the problem that our Founders witnessed. The New Deal changed the social landscape because its many programs pervaded almost every aspect of society. Many of these programs survive today.

The significance of the Progressive movement is that the now common belief that government “works” has become fixed in the popular psyche. That is far from de Toqueville’s image of self-reliant individualistic Americans. The belief that we can rely on government to solve problems means that we don’t have to solve them ourselves. It means subordinating our individualism to the technocrat class.

What are the consequences of this cultural shift? Higher taxes and a less dynamic economy. Ultimately it means the disintegration of our economy. Let me explain why.

We are becoming “European” in the sense that most of our fellow Americans accept the idea that the welfare state has primacy over the individual in pursuing social goals. As a result we are becoming less dynamic as a society. We are becoming more complacent, culturally acceding to the mediocrity of security at the expense of personal freedom. It means that taxpayers are willing to accept higher taxes to pay for the Nanny State.

The question is: which taxpayers?

It is an axiom of politics that the recipient class will vote to preserve their benefits. If they become the majority you will never get rid of their benefits. The recipient class is already in the majority. The 77 million long-lived Baby Boomers will be the dominant economic force for the next 40 years. And they vote.

[chart]

Boomers will retire and apply for their Social Security and Medicare benefits. That is, they will cease being producers and become recipients. They will draw on those benefits for many, many years. It’s pretty obvious they won’t pay for it.

It doesn’t take a statistician to see that our declining birthrate means there will be fewer producers to support a growing class of recipient. The Social Security Administration estimates that by 2035 only 2.1 workers will support one recipient (down from about 5.1 workers in 1960 to about 3.0 today). Therein lies the problem: our system of benefits is unworkable. When the working taxpayers realize how much they must pay in taxes to support an unworkable system, change will come, just not soon enough to satisfy S&P.

Add to that the following statistic:

A record 18.3% of the nation’s total personal income was a payment from the government for Social Security, Medicare, food stamps, unemployment benefits, and other programs in 2010. Wages accounted for the lowest share of income -- 51.0% -- since the government began keeping track in 1929.

You may believe that the cultural values de Tocqueville identified haven’t diminished in the US, but they have. Almost every index measuring startups and job creation has declined. Here is some longitudinal data from the Census Department showing this trend:

[chart]

It would be foolish of me to ignore the unparalleled entrepreneurial infrastructure we Americans have. It is still strong and serves us well. This infrastructure includes a vast economic system that provides capital and support for entrepreneurs and rewards success well. It is a strong social force that is the exact opposite of the cultural attitudes toward entitlement that I discussed above. We still believe in the ability to make it big.

But that is changing. The decline in new business formation is still a telling statistic. Since most (55%) new business formations have 1 to 4 employees (if 1 to 10, then 76% in 2009), it demonstrates a shift in popular attitudes about starting your own business.

Good things don’t last forever when their cultural and moral foundations are being destroyed.

I don’t believe we will have budget reform that will be sufficient to turn supertanker America around. We will have budget reform but it won’t put a significant dent in our social welfare programs, at least in time to avoid S&P’s threatened downgrade of US Treasuries. I would hope that Republicans and Democrats can come together to deal with the underlying substantive issues. Maybe the Republicans will be able to force through some major changes in Social Security, Medicare, and (eliminate) Obamacare. If they win the Presidency in 2012 and are able to take Congress as well, it could be a political sea change.

Don’t misunderstand what I am saying: I strongly support any attempts at reform, but I don’t believe in political miracles. When polls of Tea Partiers show they don’t want their retirement benefits touched, their new brand of conservatism illustrates the breadth of our cultural change and the new political reality.

Ask yourself this question: if the welfare system is not quickly reformed, what solutions will our politicians turn to?

The answer is symbolic of the two clashing societal forces in America: the producers versus the recipients. We know that the recipients have more votes.

I believe increased taxes are inevitable and, with Republicans’ opposition to increased income taxes, raising them is questionable. That leaves politicians with a very European solution: a national sales tax. With exemptions for politically favored classes (“poor” people, however defined) it will be hailed as a fair tax that will fall primarily on the “rich.”

“Everybody who understands our long-term budget problems understands we’re going to need a new source of revenue, and a VAT [value-added tax] is an obvious candidate,” said Leonard Burman, co-director of the Tax Policy Center, a joint project of the Urban Institute and the Brookings Institution, who testified on Capitol Hill [May, 2009] about his own VAT plan. “It’s common to the rest of the world, and we don’t have it.”

And my point is that Americans will accept high taxes to get their benefits and that makes us similar to Europeans who are used to them:

[chart]

If we cannot achieve fundamental reform of our welfare system, then high taxes will become a fixture of our society and that has negative economic consequences.

There is an economic concept known as the Rahn Curve, devised by Professor Richard Rahn, now a Senior Fellow at the Cato Institute. It states that as government spending exceeds a certain percentage of GDP, the economy will decline as a result. That number is subject to fierce debate among economists, but it ranges from 15% to 25% of GDP.

[chart]

There are sound reasons for this idea, mainly that since government produces nothing, the more it spends the less the private economy has to invest and spend. This means less productivity. European countries are saddled with low productivity, high taxes, and permanently high unemployment. Further, they are facing the same demographic issues that we find in the US: a graying (and declining) population. Their welfare systems are in trouble now, and as Margaret Thatcher famously warned about socialism, they are finding that eventually you really do run out of other people’s money.

What does this mean for America and S&P? It means we are likely to experience a downgrade in our sovereign debt at some point in the future. Don’t ask me to predict when this will happen. There are too many “what ifs.” A downgrade means that there will be less money available to the government for its programs. It means that debt service costs will rise. It means the Treasury will find it more difficult to place US debt. It means that many holder of our debt will try to unload their positions (it won’t be easy for them). It means the Fed will likely acquire more Treasurys, effectively monetizing the debt and this monetary inflation will lead to price inflation. It means that the dollar will decline further. It means there will be pressure on the government to raise taxes further. It also means that inflation will be employed as an additional tool of fiscal policy as rising prices (actually devalued dollars) will allow the government to repay debt with cheaper dollars.

It will also mean that we will be closer to the European ideal and farther away from american exceptionalism. The very long-term consequences of this cannot be known, but it won’t be good for america…’

(Washington Post) Public workers’ retirement funds had a gap of $1.26 trillion at the end of fiscal 2009, a report says.

Study: Affordable rentals scarce (Washington Post) Share of renters who spend more than half their income on housing is at its highest level in half a century.

Poll: For Obama, low marks on Afghan war (Washington Post) More Americans disapprove of President Obama’s management of the war in Afghanistan than support it, according to a new Washington Post-ABC News poll, a finding that reflects the public’s broader concern over the course of the nearly decade-old conflict.

Fuel prices cut into Obama popularity (Washington Post) As gas prices bite into household incomes, Obama’s support takes a hit, according to new poll. The high fuel price dynamic is the slow / now faster motion, long predicted hyperinflationary consequence of failed fed, administration, congressional economic / financial / fiscal policy that essentially has been interposed for the (short-term particularly) benefit of the frauds on wall street (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast turmoil to obfuscate their failure… an especially great opportunity to sell / take profits while you still can since there's much worse to come! America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Return of Inflation: 5 Worrying Signs From Friday's NY Times

Gerson: How serious are we about the deficit? (Washington Post) [ Not too! I mean come on! Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ … Suckers’ rally to keep suckers suckered: Philadelphia Fed Depresses Economists Durden ‘On Thursday April 21, 2011, 1:32 pm EDT And here comes the first indicator that Q2 GDP is about to be mass revised by everyone, courtesy of Japan, and ongoing inflation pressures: the Philadelphia Fed collapsed from a revised 43.4 (a 27 year high) to 18.5, the lowest since November 2010… This is an especially great opportunity to sell / take profits while you still can since there's much worse to come!

People are leaving California city because of poor economy There is much talk in Washington, D.C. that the economic recovery is underway, but in some parts of the America, like in Riverside, Ca., the economy continues to take a downward spiral.

National security shake-up expected (Washington Post) [ Shake-up? I don’t think so. There may have been a time when a such changes, be it personnel, policy, etc., might as per the following reference be slight exaggeration; but no more, as all such now is literally a rearrangement of the deck chairs on the uss Titanic. Nothing succeeds quite like failure in america these days! Poll: Egyptians skeptical about U.S. Egyptians have an unfavorable view of the U.S., but they are also divided over Islamic fundamentalists. (Washington Post) [ Hey! … Guess what? … americans and the rest of the world (except zionist israel, zionists, and old biddy britain) are skeptical and have an unfavorable view of america. The Economic Collapse: 24 more signs of economic decline in America…

#1 On Monday, S&P altered its outlook on U.S. government debt from “stable” to “negative” ..at the rest of the world is losing faith in the U.S. dollar and in U.S. Treasuries.

#2 China has announced reducing their holdings of U.S. dollar

#3 .. “panic dollar selling is setting in” and U.S. dollar in for a huge decline.

#4 The biggest bond fund in the world, PIMCO, is now shorting U.S. government bonds.

#5 Bad economy is causing “ghost towns” to appear all across the U.S..

#6 There are now about 7.25 million less jobs in America than when the recession began back in 2007.

#7 The average American family is having a really tough time -  Only 45.4% of Americans had a job during 2010.  .

#8 Only 66.8% of American men had a job last year- lowest level ever ..

#9 Avg CEO made 343 times more money than the average American

#10 Gas prices five dollars per gallon at gas stations.. $6 gas soon

#11 .. 12 months the average price of gasoline in the US has gone up by about 30%.

#12 Due to rising fuel prices, American Airlines lost a staggering $436 million during first qtr 2011.

#13 U.S. households now receiving more from the US gov’t than they are paying to the government in taxes.

#14 1 of 4 dollars that the U.S. govt borrows goes to pay the interest on the national debt.

#15 Total home mortgage debt in the United States is now about 5 times larger than it was just 20 years ago.

#16 Total credit card debt in u.s. more than 8 times larger than 30 yrs ago.

#17 Avg household debt in the United States has now reached a level of 136% of avg household income.  In China, avg household debt is only 17% of avg household income.

#18 Avg American spends approximately 23 percent .. on food and gas.

#19 .. 74 percent of u.s. said that they planned to slow down their spending

#20 59 percent u.s. receive money from the govt ..

#21 avg length of unemployment in the U.S. is now an all-time record 39 weeks.

#22 u.s. random acts of violence”…

#23 Americans are popping the gold teeth right out of their mouths / selling them to pawn shops.

#24 ..u.s. people gobbling up larger and larger amounts of antidepressants / other drugs.  ..’ ]

The president, lost in thought (Washington Post) In politics, deep and complex thinkers such as Obama can seem adrift. [ How ‘bout just lost! Wobama apologist Mr. Milbank is at it again;viz., new ways to explain away wobama’s reflection at trying to remember what he previously said so as not to appear as to have been as disingenuous as you’d expect a common liar to be. Yet, I believe Mr. Milbank misreads the current signs which in fact reflect for ‘wobama the b’ (for b*** s***) a current loss beyond thought which has cast him into a ‘funk’: Drudgereport: TELEPROMPTER INVENTOR DIES... (Wobama ‘goes in mourning … day of silence declared’)

Attorney General Holder defends his tenure (Washington Post) [ Defending the indefensible! Yes … there is no defending this ag … He should step down, forced to resign … Obama faces fundraising test in California (Washington Post) [ Test? You mean intelligence test for those Californians? A cliché, aphorism is apposite: ‘Fool me once, shame on you. Fool me twice, shame on me’. Now frauds on wall street got value for their bribes; viz., no prosecution of their continuing nation-destroying frauds, yet cleaning up the frauds with prosecutions was the presumption upon which their support was predicated , at least in part. Certainly Hollywood spoke with their academy award for ‘Inside Job’ . Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billiions from the fraud ), the commentator / experts recommend getting rid of the corrupt eric holder ( what do holder and wobama have in common … wall street money? … a proclivity for jive-talking / b*** s*** ?...all/some of the above … or is it something else ... . UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown. ]

Approval of Congress at 9% Rasmussen Reports | Nine percent (9%) now say Congress is doing a good.

Original rulers of the celebrity world (Washington Post) Perhaps more than any single event, wedding is exposing members of royal family for what they really are. [ What they really are? … only slightly less nauseating than the wobamas! … I mean, come on … at least actors serve some purpose; viz., the cinematic artform. I refrained from ‘raining on their parade’ as ‘bad style’ but now I can say the same is ‘much ado about nothing’, and quite embarrassing for particularly Orwellian england which is in shambles, much like the pervasively corrupt, defacto bankrupt u.s.. In this world, there are no elites, nothing royal, and monarchies are indulgent anachronisms that are obsolete and can no longer be afforded. It’s rather pathetic to see the brits and yanks falling all over themselves on this. After all, aren’t the so-called royals no more than over-indulged, opulently accoutered welfare families upon whose wealth, though largely the result of public ‘largess’, the servile public have no lien. … in evolutionary terms vis-a-vis the species, though I hate to be the spoiler, 'time has run out'. After all, in the last analysis, what can you really expect from a species derived from apes, notochordates, and initially single celled organisms. One might even say in light of such humble beginnings, 'hey, not bad!' I would not be one of them. ( Neanderthals, Humans Interbred, DNA Proves

You're a Neanderthal: Genes say yes — a little bit (AP) Neanderthals and people interbred, fossil analysis finds  For more info on man’s humble beginnings, see here     http://www.albertpeia.com/anthroindex1.htm     [

FOUND: MISSING LINK BETWEEN APES AND MAN.... These stories, and the many like it, are old news and I subscribe to the more studied view that there is no “missing link” per se and in my view they are distinctions without significant differences.

   10-5-09 Postscript: Professor *****,
I felt compelled to thank you again for the add; not to curry your favor but indeed to express profound thanks inasmuch as this is probably the last formal course at a formal educational institution I'll ever take; and among the most important. While I had bought at discount a library-discarded 1993 Anthropology by Embers text, though meaning to read same never quite got to it. I am astounded by the substantial amount of time involved in the evolutionary process, not that I ever stopped to think about it, and one must come away with the sense of 'and all that...for this?'. This course should be required curriculum along with psychology, sociology, etc., but probably won't be owing to what is, as it should be, a very humbling educational experience for any member of the human race.
             Regards,
                                  Al Peia ). ]

More Democrats defiant on debt ceiling (Washington Post) Lawmakers are pushing back against the White House, joining the GOP in calling for deficit reductions as a condition for lifting the $14.3 trillion ceiling. [ Ah yes, ‘The Defiant Ones’… principled to the end … Gerson: How serious are we about the deficit? (Washington Post) [ Not too! I mean come on! Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ … Suckers’ rally to keep suckers suckered: Philadelphia Fed Depresses Economists Durden ‘On Thursday April 21, 2011, 1:32 pm EDT And here comes the first indicator that Q2 GDP is about to be mass revised by everyone, courtesy of Japan, and ongoing inflation pressures: the Philadelphia Fed collapsed from a revised 43.4 (a 27 year high) to 18.5, the lowest since November 2010… This is an especially great opportunity to sell / take profits while you still can since there's much worse to come!

The Economic Collapse: 24 more signs of economic decline in America…

#1 On Monday, S&P altered its outlook on U.S. government debt from “stable” to “negative” ..at the rest of the world is losing faith in the U.S. dollar and in U.S. Treasuries.

#2 China has announced reducing their holdings of U.S. dollar

#3 .. “panic dollar selling is setting in” and U.S. dollar in for a huge decline.

#4 The biggest bond fund in the world, PIMCO, is now shorting U.S. government bonds.

#5 Bad economy is causing “ghost towns” to appear all across the U.S..

#6 There are now about 7.25 million less jobs in America than when the recession began back in 2007.

#7 The average American family is having a really tough time -  Only 45.4% of Americans had a job during 2010.  .

#8 Only 66.8% of American men had a job last year- lowest level ever ..

#9 Avg CEO made 343 times more money than the average American

#10 Gas prices five dollars per gallon at gas stations.. $6 gas soon …11-24…]

Key Afghan aid programs delayed (Washington Post) [ Strategy? Critical time? Seems we’ve heard that song before. And, yet another nation and innocent lives destroyed for no good reason … and, pervasively corrupt and defacto bankrupt america … winning hearts and minds …NOT! … Petraeus to helm more-militarized CIA (Washington Post) [ I personally unequivocally believe there has already been a defacto coup d’etat in america. Drudgereport: Pentagon Warns Obama Against Deeper Defense Cuts ... (And where is it going to come from ... we've already had in pervasively corrupt, defacto bankrupt, war crimes nation america a defacto coup d'etat) ... Ron Paul: After ‘CIA coup,’ agency ‘runs military’  US House Rep. Ron Paul says the CIA has has in effect carried out a “coup” against the US government, and the intelligence agency needs to be “taken out.”  I also personally believe there has been a defacto coup d’etat which has manifested in various substantial, blatant, brazened frauds, ie., wall street, missing 360 tons of $100 bills in Iraq, war profiteering, etc., without any fear of prosecution, and of course concomitant decline for u.s. as the treasury is looted. But I also believe its scope is beyond just the CIA with many complicit within the corrupted 3 branches of u.s. government (fed judges, us attorneys, illegal system, etc.) plus the military and private big money, ie., Goldman Sachs / wall street men, etc… http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm

Top Mexican Drug Lord: I Trafficked Cocaine For The U.S. Government .. CIA torture jet that crashed with four tons on cocaine on board back in 2007 has told the U.S. District Court for the Northern District of Illinois in Chicago that he has been working as a U.S. government asset for years. . Rendition: Where the War on Terror Meets the War on Drugs Henningsen | ... I’ve experienced the corrupt inter-relationship of the government (all 3 corrupt branches) and the illegal drug trade / obstruction of justice / bribery first hand, particularly the courts / u.s. attorneys offices (ie., alito – now u.s. supreme court justice – quid pro quo for his complicity / cover-up), feds

… “torture taxis” – used by the CIA to move captives seized in its kidnapping or “extraordinary rendition” operations through Gatwick and other airports in the EU being simultaneously used for drug distribution .. A Gulfstream II jet aircraft N9875A identified by the British Government and the European Parliament as being involved in this traffic crashed in Mexico…” In 2004, another torture taxi crashed in a field in Nicaragua with a ton of cocaine aboard… Mexican soldiers found ..132 bags containing 3.3 metric tons of cocaine. .. was one of the very same planes chartered to the CIA for the rendition of suspected terrorists prisoners…’]

Krauthammer: Obama leads from behind (Washington Post) [ Behind … as in pulling it out of his arse! He is clearly a failed president as was his predecessor, war criminal dumbya bush, et als. The president, lost in thought (Washington Post) In politics, deep and complex thinkers such as Obama can seem adrift. [ How ‘bout just lost! Wobama apologist Mr. Milbank is at it again;viz., new ways to explain away wobama’s reflection at trying to remember what he previously said so as not to appear as to have been as disingenuous as you’d expect a common liar to be. Yet, I believe Mr. Milbank misreads the current signs which in fact reflect for ‘wobama the b’ (for b*** s***) a current loss beyond thought which has cast him into a ‘funk’: Drudgereport: TELEPROMPTER INVENTOR DIES... (Wobama ‘goes in mourning … day of silence declared’)

Julian Assange to RT: Worst WikiLeaks cables yet to come The man behind WikiLeaks says his website’s revelations are just the tip of the iceberg. In an exclusive interview with RT, Julian Assange said it is only a matter of time before more damaging information becomes known. The publication of confidential cables proved deeply embarrassing for the US and other countries.

Losing Faith (In The U.S. Economy) Are the American people losing faith in the U.S. economy? The statistics that you are about to read might surprise you.

The Royal Wedding, American Idol, Dancing With The Stars And 7 Other Ways That The American People Are Being Distracted From Our Real Problems Have you caught “royal wedding fever” yet? The union of Prince William and Kate Middleton is already being called “the wedding of the century” and it will almost certainly be the most watched event in the entire world this year.

Gallup Poll Shows that More Americans Believe the U.S. is in a Depression than is Growing … Are They Right? [Yes!] Consumer confidence is, well … in somewhat of a depression.

PROOF!!! Obama Birth Certificate Fraud

Drudgereport: SF CHRONICLE: WHITE HOUSE LYING Update: In a pants-on-fire moment, the White House press office today denied anyone there had issued threats to remove Carla Marinucci and possibly other Hearst reporters from the press pool covering the President in the Bay Area.Chronicle editor Ward Bushee called the press office on its fib: Sadly, we expected the White House to respond in this manner based on our experiences yesterday. It is not a truthful response. It follows a day of off-the-record exchanges with key people in the White House communications office who told us they would remove our reporter, then threatened retaliation to Chronicle and Hearst reporters if we reported on the ban, and then recanted to say our reporter might not be removed after all.The Chronicle's report is accurate…’Read more: http://www.sfgate.com/cgi-bin/blogs/bronstein/detail?entry_id=87978#ixzz1Kzv7asG6
PUMP PRICES JUMP ON TIGHTENING SUPPLIES...
Romney blames Obama...
MORE RECORD PROFITS...
Gold Surges to All-time Record...
Dollar reaches three-year low...
Losing to the Loonie...
China divesting...
NO JOKE: Superman to renounce U.S. citizenship...

Storm death over 300 in South...
Deadliest Swarm of Twisters Since 1974...
Among Largest, Strongest Ever Recorded...
ECONOMY SLOWS, INFLATION GROWS...
Doubt cast on recovery...
Dollar drops to lowest since 2008...
Investors flee greenback; silver hits all-time high, gold sets new record...
GALLUP: U.S. confidence plunges, only 27% say economy is growing...
WAL-MART: Our shoppers are 'running out of money'...
JOBLESS CLAIMS 429,000...

CBS ANCHOR SCHIEFFER: Trump is racist...
TRUMP TO GIBBS: YOU'RE 'A LOSER' [‘Another trumped-up case of the pot calling the kettle black’]... TRUMP: Obama Not Worthy of Ivy Leagues... [ Talk about the pot calling the kettle black … trump’s b.s., low grade (penn) ivy league (courtesy of papa mobster trump who ‘twisted his arm to go’ so people would take him ‘seriously’ – papa mobster trump would pound the undistinguished academically / athletically, Donald with the mantra, ‘you’re a killer, you’re a king’ in film noir melodramatic fashion which proved too much for the more balanced and ‘chosen / favored’ elder brother trump who committed suicide. The old man also required trump to go to prep / military / boarding school where according to a classmate, Ted Levine, trump used to wet / pee in his bed. ) vegetable garden in the same manner as dumbya bush … mobster trump and people like trump are part of the problem (total b*** s***, fraud, etc., as in his home turf, mob-infested sinkholes, jersey / new york), not the solution. Indeed, trump is an interesting mental case in that he evolved from narcissist (those inflated grandiose moods coupled with feelings of inferiority – he loved to obsessively read those hitler speeches for inspiration and to pump himself up according to Ivana Trump) to severe case of antisocial personality disorder [ predatory disregard for and violation of the rights of others – hence, those sophomoric soundbite solutions to complex problems as, ie., taking oil fields(Libya), 25% tariff on Chinese (actually including american goods made in China), drug money laundering in his casinos, bribery, etc. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]

In a rational nation that wasn’t in decline as pervasively corrupt, defacto bankrupt america, trump and sister Maryanne would both be in prison.

'Terrible student,' not good enough for Harvard... Biden daughter trashes Trump...
Bill Cosby slams: 'He's full of it!'...
Trump Takes On NYT, Gail Collins...
Admires her for surviving 'so long with so little talent'...
NBCWSJ POLL SHOCK: TRUMP #2 GOP [ NBC where t_rump has his Jerry Springer derivative shock-jock show and sinkhole new york's fraud street journal … poll? … Don't make me laugh … Lawrence O'Donnell insists parent company NBC consider firing Donald Trump Daily Caller ... Milbank: Donald trumps CPAC | Gibbs gone (Washington Post) [ Trump’s a loser, dressed up and propped up by and to shill for a declining, fallen nation in the most corrupt regions (ie., new york, jersey, etc.) of the country (every fallen nation has such); of that there is no question …"Over the years I've participated in many battles and have really almost come out very, very victorious every single time," the Donald said. (Except for the bankruptc[ies], that is. [ trump’s never won a battle that wasn’t fixed in advance (including the ‘pre-packaged bankrupcies’ crammed down the throats of objecting creditors – jersey general ] He also with his corrupt mob ilk 'chased' Steve Wynn out of jersey – Steve Wynn's doing extremely well in Macau and Vegas.) "I've beaten many people and companies, and I've won many wars," he added. (Though he didn't serve in the military.) "I have fairly [according to mobster rules; ie., bribery, money laundering, etc.] but intelligently [ as any other mob boss … trump is total b*** s***, a fraud, and lightweight … and, despite the façade, quite insecure … trump’s a total mental case … He truly is the ‘poster-boy’ of american decline and part of the problem, not the solution! …trump also said america’s become the laughingstock of the world … true enough … and trump the biggest joke … NEWS FLASH: Direct from Lost Angeles Learning Annex – Presenting mobster t_rump of new yoke, new joyzey, and now caleefornia mob fame with his continuing message for the past several years: buy real estate (and watch the values go down…..riiiiight!).
Bank sues Trump over Chicago tower loan...
Trump casino to miss interest payment...
trump’s fired (from ‘his own company’)

Gunfire Erupts Inside trump Taj Mahal Casino, 1 Dead - Second Such Incident In A Year At N.J. Mainstay Ends With Employee Killed – What else would you you expect from a mobster’s casino in mob-infested jersey!

Trump luxury resort folds, leaving buyers defrauded…litigation has commenced…send for sister maryanne, the corrupt federal judge to preside, coverup, etc., she’s in n.y./n.j./pa 3rd circuit ct appeals, understands drug money laundering/fraud and handles her own motions to recuse her and like mobster trump should be in jail  ... (see RICO Case)] earned many billions of dollars [ at whose expense ], which in a sense was both a scorecard and acknowledgment of my abilities [ to fool most of the people, all of the time. ] ." TRUMP DRAWS CHEERS, BOOS AT CONSERVATIVE CONFERENCE... PONDERING PRESIDENTIAL RUN... [Don’t make me laugh! … Donald T_rump Would Impose 25% Tax on China Imports if President [ trump also said america’s become the laughingstock of the world … true enough … and trump the biggest joke … Indeed, that trump even posits the possibility of a run when he should be in jail is a testament to just how big a laughingstock pervasively corrupt, defacto bankrupt america’s become! [ If he was mobster in chief, mobster and scoundrel trump wraps himself in populist american flag and offers up an (too little too late – typical lightweight) implausible solution to keep ‘the juice’ flowing though he’d already be in jail in a rational, non-declining nation with meaningful laws. All China has to do is dump (and not prospectively buy) their ever more and declining in value day-by-day (from dollar debasement policies) u.s. paper / bonds and overnight and the u.s. economy consequently thereby collapse. [ When you come right down to it, this has been america’s most significant export. Indeed, this irrevocable structural shift, hailed by cia men hw bush and clinton (clinton couldn’t have survived with them) by way of NAFTA as the greatest thing since sliced bread was indeed in no uncertain terms condemned and warned against by Perot, a man of honor who, unlike his opponents, could not be bought, which is the reason, in pervasively corrupt america, he could never have been elected. Interestingly, you may have noticed the good (but not great, other than the spotlight on pervasive bribery including judges, police, politicians, etc., being far too light) the film ‘The Untouchables’ getting a wide re-airing of late, purporting to be a significant part of american folklore / history / culture. However, the reality is that in america, and certainly today, the real story with impact is that of ‘The Touchables’. The reality is that Elliot Ness died a broken man; bankrupt, unable to even win election to the mayoralty of his then current hometown. He was incorruptible; and hence, in the real america, unelectable at the least if not also all but unemployable (he and his are among those few genetic anomalies in america as I’ve previously alluded to. How far america has fallen from even false perception! Pervasively corrupt, meaningfully lawless america can’t even fake it anymore. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal / judicial processes, etc., Defacto bankrupt, fraudulent america also spends more on offensive (defensive a misnomer / propaganda) military spending than all the nations of the world combined, and by a large margin at that. Do you see a pattern emerging here [ I unfortunately only belatedly did, and the feds, fed employees, cia, all 3 branches of the u.s. government, etc., are included in this evolved american trait of inherent criminality in the most nefarious sense … The pervasively corrupt american illegal system … corrupt u.s. courts / (lawyers) / judges: Their lifetime plush appointments should be abolished, which corrupt entities are unheard of in productive societies as China, Japan, etc.. Time to abolish these drags on society and eliminate their lifetime stipends and costly bureaucracies. Rules of law mean nothing to these typically corrupt americans. Most, including sam alito of the u.s. supreme court, concerning  drug money laundering and obstruction of justice in the 3^rd circuit ( also maryanne trump barry who covered-up drug money laundering through her brother’s casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it for the money, personal money, big, cash, untraceable money. The fog of war is great for such things (360 tons $100 bills flown into Iraq and missing, etc.). [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm  ]. america’s just a fraudulent and failed defacto bankrupt nation. ] “I would announce, without equivocation, a 25% tax increase on anything purchased from China.” ]

Economy grows, but slows (Washington Post) Economic growth slowed at the start of the year, weighed down by higher oil prices and lower government spending, according to new data. [ At what cost for that ‘slow growth’, if any. They’re dreamin’!

Fed Chairman Bernanke does reality TV (Washington Post) [ Except the ‘NO-RECESSION HELICOPTER BEN B.S. BERNANKE’ show is scripted unreality … even with his reduction in estimate for ‘economic growth’, the frauds on wall street still rallied. Bernanke prepares to make history (Washington Post) [ He already has! $6 gas acomin’, $1,508+ gold, $46+ silver, other commodities at record levels, hyperinflation as predicted well on the way from over-printing of fiat paper currency by fed as predicted, etc., Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic performance of the past ten years, equity valuations are the 2nd largest bubble in U.S. history... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued according to this valuation metric. The only time the markets have been more overvalued was a few brief months in 1929 and the tech bubble

... growth in earnings have been artificially manufactured...

· The change in accounting rules for the financial sector by FASB has generated massive “false” account profits beginning in 2009.

· The extended (and then further extended) unemployment benefits have kept an artificially higher demand for consumer consumption. As a result, the US government has artificially subsidized corporate profits.

· The billions saved through “free loading” by homeowners who have defaulted on their mortgages yet maintained their residence, thus living without a mortgage payment.

· The artificially suppressed interest rates...

Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come!

ATTENTION: REPORTERS – HIP BOOTS MANDATORY, WADERS RECOMMENDED SINCE YOU’LL BE AT LEAST KNEE-DEEP IN ‘NO-RECESSION HELICOPTER BEN B.S. BERNAKE’ B*** S***! ] On Wednesday, he will be the first Fed chairman to take on-the-record questioning from the media.

]

Krauthammer: Obama leads from behind (Washington Post) [ Behind … as in pulling it out of his arse! He is clearly a failed president as was his predecessor, war criminal dumbya bush, et als. The president, lost in thought (Washington Post) In politics, deep and complex thinkers such as Obama can seem adrift. [ How ‘bout just lost! Wobama apologist Mr. Milbank is at it again;viz., new ways to explain away wobama’s reflection at trying to remember what he previously said so as not to appear as to have been as disingenuous as you’d expect a common liar to be. Yet, I believe Mr. Milbank misreads the current signs which in fact reflect for ‘wobama the b’ (for b*** s***) a current loss beyond thought which has cast him into a ‘funk’: Drudgereport: TELEPROMPTER INVENTOR DIES... (Wobama ‘goes in mourning … day of silence declared’)

Attorney General Holder defends his tenure (Washington Post) [ Defending the indefensible! Yes … there is no defending this ag … He should step down, forced to resign … Obama faces fundraising test in California (Washington Post) [ Test? You mean intelligence test for those Californians? A cliché, aphorism is apposite: ‘Fool me once, shame on you. Fool me twice, shame on me’. Now frauds on wall street got value for their bribes; viz., no prosecution of their continuing nation-destroying frauds, yet cleaning up the frauds with prosecutions was the presumption upon which their support was predicated , at least in part. Certainly Hollywood spoke with their academy award for ‘Inside Job’ . Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billiions from the fraud ), the commentator / experts recommend getting rid of the corrupt eric holder ( what do holder and wobama have in common … wall street money? … a proclivity for jive-talking / b*** s*** ?...all/some of the above … or is it something else ... . UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown. ]

]

Original rulers of the celebrity world (Washington Post) Perhaps more than any single event, wedding is exposing members of royal family for what they really are. [ What they really are? … only slightly less nauseating than the wobamas! … I mean, come on … at least actors serve some purpose; viz., the cinematic artform. I refrained from ‘raining on their parade’ as ‘bad style’ but now I can say the same is ‘much ado about nothing’, and quite embarrassing for particularly Orwellian england which is in shambles, much like the pervasively corrupt, defacto bankrupt u.s.. In this world, there are no elites, nothing royal, and monarchies are indulgent anachronisms that are obsolete and can no longer be afforded. It’s rather pathetic to see the brits and yanks falling all over themselves on this. After all, aren’t the so-called royals no more than over-indulged, opulently accoutered welfare families upon whose wealth, though largely the result of public ‘largess’, the servile public have no lien. … in evolutionary terms vis-a-vis the species, though I hate to be the spoiler, 'time has run out'. After all, in the last analysis, what can you really expect from a species derived from apes, notochordates, and initially single celled organisms. One might even say in light of such humble beginnings, 'hey, not bad!' I would not be one of them. ( Neanderthals, Humans Interbred, DNA Proves

You're a Neanderthal: Genes say yes — a little bit (AP) Neanderthals and people interbred, fossil analysis finds  For more info on man’s humble beginnings, see here     http://www.albertpeia.com/anthroindex1.htm     [

FOUND: MISSING LINK BETWEEN APES AND MAN.... These stories, and the many like it, are old news and I subscribe to the more studied view that there is no “missing link” per se and in my view they are distinctions without significant differences.

   10-5-09 Postscript: Professor *****,
I felt compelled to thank you again for the add; not to curry your favor but indeed to express profound thanks inasmuch as this is probably the last formal course at a formal educational institution I'll ever take; and among the most important. While I had bought at discount a library-discarded 1993 Anthropology by Embers text, though meaning to read same never quite got to it. I am astounded by the substantial amount of time involved in the evolutionary process, not that I ever stopped to think about it, and one must come away with the sense of 'and all that...for this?'. This course should be required curriculum along with psychology, sociology, etc., but probably won't be owing to what is, as it should be, a very humbling educational experience for any member of the human race.
             Regards,
                                  Al Peia ). ]

More Democrats defiant on debt ceiling (Washington Post) Lawmakers are pushing back against the White House, joining the GOP in calling for deficit reductions as a condition for lifting the $14.3 trillion ceiling. [ Ah yes, ‘The Defiant Ones’… principled to the end … Gerson: How serious are we about the deficit? (Washington Post) [ Not too! I mean come on! Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ … Suckers’ rally to keep suckers suckered: Philadelphia Fed Depresses Economists Durden ‘On Thursday April 21, 2011, 1:32 pm EDT And here comes the first indicator that Q2 GDP is about to be mass revised by everyone, courtesy of Japan, and ongoing inflation pressures: the Philadelphia Fed collapsed from a revised 43.4 (a 27 year high) to 18.5, the lowest since November 2010… This is an especially great opportunity to sell / take profits while you still can since there's much worse to come!

The Economic Collapse: 24 more signs of economic decline in America…

#1 On Monday, S&P altered its outlook on U.S. government debt from “stable” to “negative” ..at the rest of the world is losing faith in the U.S. dollar and in U.S. Treasuries.

#2 China has announced reducing their holdings of U.S. dollar

#3 .. “panic dollar selling is setting in” and U.S. dollar in for a huge decline.

#4 The biggest bond fund in the world, PIMCO, is now shorting U.S. government bonds.

#5 Bad economy is causing “ghost towns” to appear all across the U.S..

#6 There are now about 7.25 million less jobs in America than when the recession began back in 2007.

#7 The average American family is having a really tough time -  Only 45.4% of Americans had a job during 2010.  .

#8 Only 66.8% of American men had a job last year- lowest level ever ..

#9 Avg CEO made 343 times more money than the average American

#10 Gas prices five dollars per gallon at gas stations.. $6 gas soon …11-24…]

Key Afghan aid programs delayed (Washington Post) [ Strategy? Critical time? Seems we’ve heard that song before. And, yet another nation and innocent lives destroyed for no good reason … and, pervasively corrupt and defacto bankrupt america … winning hearts and minds …NOT! … Petraeus to helm more-militarized CIA (Washington Post) [ I personally unequivocally believe there has already been a defacto coup d’etat in america. Drudgereport: Pentagon Warns Obama Against Deeper Defense Cuts ... (And where is it going to come from ... we've already had in pervasively corrupt, defacto bankrupt, war crimes nation america a defacto coup d'etat) ... Ron Paul: After ‘CIA coup,’ agency ‘runs military’  US House Rep. Ron Paul says the CIA has has in effect carried out a “coup” against the US government, and the intelligence agency needs to be “taken out.”  I also personally believe there has been a defacto coup d’etat which has manifested in various substantial, blatant, brazened frauds, ie., wall street, missing 360 tons of $100 bills in Iraq, war profiteering, etc., without any fear of prosecution, and of course concomitant decline for u.s. as the treasury is looted. But I also believe its scope is beyond just the CIA with many complicit within the corrupted 3 branches of u.s. government (fed judges, us attorneys, illegal system, etc.) plus the military and private big money, ie., Goldman Sachs / wall street men, etc… http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm

Top Mexican Drug Lord: I Trafficked Cocaine For The U.S. Government .. CIA torture jet that crashed with four tons on cocaine on board back in 2007 has told the U.S. District Court for the Northern District of Illinois in Chicago that he has been working as a U.S. government asset for years. . Rendition: Where the War on Terror Meets the War on Drugs Henningsen | ... I’ve experienced the corrupt inter-relationship of the government (all 3 corrupt branches) and the illegal drug trade / obstruction of justice / bribery first hand, particularly the courts / u.s. attorneys offices (ie., alito – now u.s. supreme court justice – quid pro quo for his complicity / cover-up), feds

… “torture taxis” – used by the CIA to move captives seized in its kidnapping or “extraordinary rendition” operations through Gatwick and other airports in the EU being simultaneously used for drug distribution .. A Gulfstream II jet aircraft N9875A identified by the British Government and the European Parliament as being involved in this traffic crashed in Mexico…” In 2004, another torture taxi crashed in a field in Nicaragua with a ton of cocaine aboard… Mexican soldiers found ..132 bags containing 3.3 metric tons of cocaine. .. was one of the very same planes chartered to the CIA for the rendition of suspected terrorists prisoners…’]

Disappointing First Quarter GDP Growth (Stocks rally on the bad news!) (The advance estimate for Q1 GDP came in at 1.8 percent — a sharp decline from last quarter’s 3.1 – and worse than expected)

Weekly Unemployment Claims Back Above This Scary Line (Stocks rally on the bad news!) Short ‘On Thursday April 28, 2011, The Department of Labor’s Unemployment Insurance Weekly Claims Report was released this morning for last week. Claims rose 25,000 from an upward revision of the previous week to 429,000. The 4-week moving average increased by 2.3%. Here is the official statement from the Department of Labor:

In the week ending April 23, the advance figure for seasonally adjusted initial claims was 429,000, an increase of 25,000 from the previous week’s revised figure of 404,000. The 4-week moving average was 408,500, an increase of 9,250 from the previous week’s revised average of 399,250.

The advance seasonally adjusted insured unemployment rate was 2.9 percent for the week ending April 16, a decrease of 0.1 percentage point from the prior week’s revised rate of 3.0 percent.

The advance number for seasonally adjusted insured unemployment during the week ending April 16 was 3,641,000, a decrease of 68,000 from the preceding week’s revised level of 3,709,000. The 4-week moving average was 3,697,750, a decrease of 22,750 from the preceding week’s revised average of 3,720,500.

Today’s number was 10% higher than the Briefing.com consensus expectation of 390,000 claims.

As we can see, there’s a good bit of volatility in this indicator, which is why the 4-week moving average (shown in the callouts) is a more useful number than the weekly data.

http://dshort.com/charts/weekly-unemployment-claims-charts.html?weekly-unemployment-claims

Occasionally I see articles critical of seasonal adjustment, especially when the non-adjusted number better suits the author’s bias. But a comparison of these two charts clearly shows extreme volatility of the non-adjusted data, and the 4-week MA gives an indication of the recurring pattern of seasonal change in the second chart (note, for example, those regular January spikes).

http://dshort.com/charts/weekly-unemployment-claims-charts.html?weekly-unemployment-claims-NSA

Because of the extreme volatility of the non-adjusted weekly data, a 52-week moving average gives a better sense of the long-term trends.

http://dshort.com/charts/weekly-unemployment-claims-charts.html?weekly-unemployment-claims-NSA-52-ma

The Bureau of Labor Statistics provides an overview on seasonal adjustment here (scroll down about half way down).

Doug Short Ph.d is the author of dshort.com.’

Gerald Celente: ‘Bernanke Devaluing the Dollar’ Should Americans be concerned? Absolutely, says Gerald Celente, director at the Trends Research Institute. While Bernanke may have taken to the press, Celente says Ben’s “jive talk” shouldn’t be trusted as he devalues the dollar and distastes the economy.

Trump faces scrutiny over donations, merch made in China (The Ticket)

Dollar Loses More Ground WSJ | The dollar dropped after economic indicators pointed to a dismal employment picture and slowing economic growth.

Gerson: How serious are we about the deficit? (Washington Post) [ Not too! I mean come on! Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ … Suckers’ rally to keep suckers suckered: Philadelphia Fed Depresses Economists Durden ‘On Thursday April 21, 2011, 1:32 pm EDT And here comes the first indicator that Q2 GDP is about to be mass revised by everyone, courtesy of Japan, and ongoing inflation pressures: the Philadelphia Fed collapsed from a revised 43.4 (a 27 year high) to 18.5, the lowest since November 2010… This is an especially great opportunity to sell / take profits while you still can since there's much worse to come!

The Economic Collapse: 24 more signs of economic decline in America…

#1 On Monday, S&P altered its outlook on U.S. government debt from “stable” to “negative” ..at the rest of the world is losing faith in the U.S. dollar and in U.S. Treasuries.

#2 China has announced reducing their holdings of U.S. dollar

#3 .. “panic dollar selling is setting in” and U.S. dollar in for a huge decline.

#4 The biggest bond fund in the world, PIMCO, is now shorting U.S. government bonds.

#5 Bad economy is causing “ghost towns” to appear all across the U.S..

#6 There are now about 7.25 million less jobs in America than when the recession began back in 2007.

#7 The average American family is having a really tough time -  Only 45.4% of Americans had a job during 2010.  .

#8 Only 66.8% of American men had a job last year- lowest level ever ..

#9 Avg CEO made 343 times more money than the average American

#10 Gas prices five dollars per gallon at gas stations.. $6 gas soon …

Panic selling of the U.S. dollar now underway as debt system implodes To most Americans it’s unthinkable that the U.S. dollar could someday be relegated to second-class status as a currency, but what they may not realize is that the transition is already underway.

Fed Chairman Bernanke does reality TV (Washington Post) [ Except the ‘NO-RECESSION HELICOPTER BEN B.S. BERNANKE’ show is scripted unreality … even with his reduction in estimate for ‘economic growth’, the frauds on wall street still rallied. Bernanke prepares to make history (Washington Post) [ He already has! $6 gas acomin’, $1,508+ gold, $46+ silver, other commodities at record levels, hyperinflation as predicted well on the way from over-printing of fiat paper currency by fed as predicted, etc., Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic performance of the past ten years, equity valuations are the 2nd largest bubble in U.S. history... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued according to this valuation metric. The only time the markets have been more overvalued was a few brief months in 1929 and the tech bubble

... growth in earnings have been artificially manufactured...

· The change in accounting rules for the financial sector by FASB has generated massive “false” account profits beginning in 2009.

· The extended (and then further extended) unemployment benefits have kept an artificially higher demand for consumer consumption. As a result, the US government has artificially subsidized corporate profits.

· The billions saved through “free loading” by homeowners who have defaulted on their mortgages yet maintained their residence, thus living without a mortgage payment.

· The artificially suppressed interest rates...

Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come!

ATTENTION: REPORTERS – HIP BOOTS MANDATORY, WADERS RECOMMENDED SINCE YOU’LL BE AT LEAST KNEE-DEEP IN ‘NO-RECESSION HELICOPTER BEN B.S. BERNAKE’ B*** S***! ] On Wednesday, he will be the first Fed chairman to take on-the-record questioning from the media.

24 Signs Of Economic Decline In America ‘The United States is in the middle of a devastating long-term economic decline and it is getting really hard to deny it. ..’ ] States face shortfall for retirees (Washington Post) Public workers’ retirement funds had a gap of $1.26 trillion at the end of fiscal 2009, a report says.

Study: Affordable rentals scarce (Washington Post) Share of renters who spend more than half their income on housing is at its highest level in half a century.

Poll: For Obama, low marks on Afghan war (Washington Post) More Americans disapprove of President Obama’s management of the war in Afghanistan than support it, according to a new Washington Post-ABC News poll, a finding that reflects the public’s broader concern over the course of the nearly decade-old conflict.

Fuel prices cut into Obama popularity (Washington Post) As gas prices bite into household incomes, Obama’s support takes a hit, according to new poll. The high fuel price dynamic is the slow / now faster motion, long predicted hyperinflationary consequence of failed fed, administration, congressional economic / financial / fiscal policy that essentially has been interposed for the (short-term particularly) benefit of the frauds on wall street (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast turmoil to obfuscate their failure. Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come! America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Return of Inflation: 5 Worrying Signs From Friday's NY Times

ECONOMIC CRISIS ARCHIVE

National security shake-up expected (Washington Post) [ Shake-up? I don’t think so. There may have been a time when a such changes, be it personnel, policy, etc., might as per the following reference be slight exaggeration; but no more, as all such now is literally a rearrangement of the deck chairs on the uss Titanic. Nothing succeeds quite like failure in america these days! Poll: Egyptians skeptical about U.S. Egyptians have an unfavorable view of the U.S., but they are also divided over Islamic fundamentalists. (Washington Post) [ Hey! … Guess what? … americans and the rest of the world (except zionist israel, zionists, and old biddy britain) are skeptical and have an unfavorable view of america. The Economic Collapse: 24 more signs of economic decline in America…

#1 On Monday, S&P altered its outlook on U.S. government debt from “stable” to “negative” ..at the rest of the world is losing faith in the U.S. dollar and in U.S. Treasuries.

#2 China has announced reducing their holdings of U.S. dollar

#3 .. “panic dollar selling is setting in” and U.S. dollar in for a huge decline.

#4 The biggest bond fund in the world, PIMCO, is now shorting U.S. government bonds.

#5 Bad economy is causing “ghost towns” to appear all across the U.S..

#6 There are now about 7.25 million less jobs in America than when the recession began back in 2007.

#7 The average American family is having a really tough time -  Only 45.4% of Americans had a job during 2010.  .

#8 Only 66.8% of American men had a job last year- lowest level ever ..

#9 Avg CEO made 343 times more money than the average American

#10 Gas prices five dollars per gallon at gas stations.. $6 gas soon

#11 .. 12 months the average price of gasoline in the US has gone up by about 30%.

#12 Due to rising fuel prices, American Airlines lost a staggering $436 million during first qtr 2011.

#13 U.S. households now receiving more from the US gov’t than they are paying to the government in taxes.

#14 1 of 4 dollars that the U.S. govt borrows goes to pay the interest on the national debt.

#15 Total home mortgage debt in the United States is now about 5 times larger than it was just 20 years ago.

#16 Total credit card debt in u.s. more than 8 times larger than 30 yrs ago.

#17 Avg household debt in the United States has now reached a level of 136% of avg household income.  In China, avg household debt is only 17% of avg household income.

#18 Avg American spends approximately 23 percent .. on food and gas.

#19 .. 74 percent of u.s. said that they planned to slow down their spending

#20 59 percent u.s. receive money from the govt ..

#21 avg length of unemployment in the U.S. is now an all-time record 39 weeks.

#22 u.s. random acts of violence”…

#23 Americans are popping the gold teeth right out of their mouths / selling them to pawn shops.

#24 ..u.s. people gobbling up larger and larger amounts of antidepressants / other drugs.  ..’ ]

The president, lost in thought (Washington Post) In politics, deep and complex thinkers such as Obama can seem adrift. [ How ‘bout just lost! Wobama apologist Mr. Milbank is at it again;viz., new ways to explain away wobama’s reflection at trying to remember what he previously said so as not to appear as to have been as disingenuous as you’d expect a common liar to be. Yet, I believe Mr. Milbank misreads the current signs which in fact reflect for ‘wobama the b’ (for b*** s***) a current loss beyond thought which has cast him into a ‘funk’: Drudgereport: TELEPROMPTER INVENTOR DIES... (Wobama ‘goes in mourning … day of silence declared’)

Attorney General Holder defends his tenure (Washington Post) [ Defending the indefensible! Yes … there is no defending this ag … He should step down, forced to resign … Obama faces fundraising test in California (Washington Post) [ Test? You mean intelligence test for those Californians? A cliché, aphorism is apposite: ‘Fool me once, shame on you. Fool me twice, shame on me’. Now frauds on wall street got value for their bribes; viz., no prosecution of their continuing nation-destroying frauds, yet cleaning up the frauds with prosecutions was the presumption upon which their support was predicated , at least in part. Certainly Hollywood spoke with their academy award for ‘Inside Job’ . Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billiions from the fraud ), the commentator / experts recommend getting rid of the corrupt eric holder ( what do holder and wobama have in common … wall street money? … a proclivity for jive-talking / b*** s*** ?...all/some of the above … or is it something else ... . UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown. ]

Petraeus to helm more-militarized CIA (Washington Post) [ I personally unequivocally believe there has already been a defacto coup d’etat in america. Drudgereport: Pentagon Warns Obama Against Deeper Defense Cuts ... (And where is it going to come from ... we've already had in pervasively corrupt, defacto bankrupt, war crimes nation america a defacto coup d'etat) ... Ron Paul: After ‘CIA coup,’ agency ‘runs military’  US House Rep. Ron Paul says the CIA has has in effect carried out a “coup” against the US government, and the intelligence agency needs to be “taken out.”  I also personally believe there has been a defacto coup d’etat which has manifested in various substantial, blatant, brazened frauds, ie., wall street, missing 360 tons of $100 bills in Iraq, war profiteering, etc., without any fear of prosecution, and of course concomitant decline for u.s. as the treasury is looted. But I also believe its scope is beyond just the CIA with many complicit within the corrupted 3 branches of u.s. government (fed judges, us attorneys, illegal system, etc.) plus the military and private big money, ie., Goldman Sachs / wall street men, etc., among other organized crime. america is defacto bankrupt in every way! Top Mexican Drug Lord: I Trafficked Cocaine For The U.S. Government The “logistical coordinator” for a top Mexican drug-trafficking gang that was responsible for purchasing the CIA torture jet that crashed with four tons on cocaine on board back in 2007 has told the U.S. District Court for the Northern District of Illinois in Chicago that he has been working as a U.S. government asset for years. Rendition: Where the War on Terror Meets the War on Drugs Henningsen | ... I’ve experienced the corrupt inter-relationship of the government (all 3 corrupt branches) and the illegal drug trade / obstruction of justice / bribery first hand, particularly the courts / u.s. attorneys offices (ie., alito – now u.s. supreme court justice – quid pro quo for his complicity / cover-up), feds; see immediately after article excerpt for links / summary.

…“Evidence points to aircraft – familiarly known as “torture taxis” – used by the CIA to move captives seized in its kidnapping or “extraordinary rendition” operations through Gatwick and other airports in the EU being simultaneously used for drug distribution .. A Gulfstream II jet aircraft N9875A identified by the British Government and the European Parliament as being involved in this traffic crashed in Mexico…” In 2004, another torture taxi crashed in a field in Nicaragua with a ton of cocaine aboard… Mexican soldiers found ..132 bags containing 3.3 metric tons of cocaine. .. was one of the very same planes chartered to the CIA for the rendition of suspected terrorists prisoners…’]

Drudgereport: NO JOKE: Superman to renounce U.S. citizenship...

Storm death near 300 in South...
Deadliest Swarm of Twisters Since 1974...
Among Largest, Strongest Ever Recorded...
ECONOMY SLOWS, INFLATION GROWS...
Doubt cast on recovery...
Dollar drops to lowest since 2008...
Investors flee greenback; silver hits all-time high, gold sets new record...
GALLUP: U.S. confidence plunges, only 27% say economy is growing...
WAL-MART: Our shoppers are 'running out of money'...
JOBLESS CLAIMS 429,000...

CBS ANCHOR SCHIEFFER: Trump is racist...
TRUMP TO GIBBS: YOU'RE 'A LOSER' [‘Another trumped-up case of the pot calling the kettle black’]... TRUMP: Obama Not Worthy of Ivy Leagues... [ Talk about the pot calling the kettle black … trump’s b.s., low grade (penn) ivy league (courtesy of papa mobster trump who ‘twisted his arm to go’ so people would take him ‘seriously’ – papa mobster trump would pound the undistinguished academically / athletically, Donald with the mantra, ‘you’re a killer, you’re a king’ in film noir melodramatic fashion which proved too much for the more balanced and ‘chosen / favored’ elder brother trump who committed suicide. The old man also required trump to go to prep / military / boarding school where according to a classmate, Ted Levine, trump used to wet / pee in his bed. ) vegetable garden in the same manner as dumbya bush … mobster trump and people like trump are part of the problem (total b*** s***, fraud, etc., as in his home turf, mob-infested sinkholes, jersey / new york), not the solution. Indeed, trump is an interesting mental case in that he evolved from narcissist (those inflated grandiose moods coupled with feelings of inferiority – he loved to obsessively read those hitler speeches for inspiration and to pump himself up according to Ivana Trump) to severe case of antisocial personality disorder [ predatory disregard for and violation of the rights of others – hence, those sophomoric soundbite solutions to complex problems as, ie., taking oil fields(Libya), 25% tariff on Chinese (actually including american goods made in China), drug money laundering in his casinos, bribery, etc. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]

In a rational nation that wasn’t in decline as pervasively corrupt, defacto bankrupt america, trump and sister Maryanne would both be in prison.

'Terrible student,' not good enough for Harvard... Biden daughter trashes Trump...
Bill Cosby slams: 'He's full of it!'...
Trump Takes On NYT, Gail Collins...
Admires her for surviving 'so long with so little talent'...
NBCWSJ POLL SHOCK: TRUMP #2 GOP [ NBC where t_rump has his Jerry Springer derivative shock-jock show and sinkhole new york's fraud street journal … poll? … Don't make me laugh … Lawrence O'Donnell insists parent company NBC consider firing Donald Trump Daily Caller ... Milbank: Donald trumps CPAC | Gibbs gone (Washington Post) [ Trump’s a loser, dressed up and propped up by and to shill for a declining, fallen nation in the most corrupt regions (ie., new york, jersey, etc.) of the country (every fallen nation has such); of that there is no question …"Over the years I've participated in many battles and have really almost come out very, very victorious every single time," the Donald said. (Except for the bankruptc[ies], that is. [ trump’s never won a battle that wasn’t fixed in advance (including the ‘pre-packaged bankrupcies’ crammed down the throats of objecting creditors – jersey general ] He also with his corrupt mob ilk 'chased' Steve Wynn out of jersey – Steve Wynn's doing extremely well in Macau and Vegas.) "I've beaten many people and companies, and I've won many wars," he added. (Though he didn't serve in the military.) "I have fairly [according to mobster rules; ie., bribery, money laundering, etc.] but intelligently [ as any other mob boss … trump is total b*** s***, a fraud, and lightweight … and, despite the façade, quite insecure … trump’s a total mental case … He truly is the ‘poster-boy’ of american decline and part of the problem, not the solution! …trump also said america’s become the laughingstock of the world … true enough … and trump the biggest joke … NEWS FLASH: Direct from Lost Angeles Learning Annex – Presenting mobster t_rump of new yoke, new joyzey, and now caleefornia mob fame with his continuing message for the past several years: buy real estate (and watch the values go down…..riiiiight!).
Bank sues Trump over Chicago tower loan...
Trump casino to miss interest payment...
trump’s fired (from ‘his own company’)

Gunfire Erupts Inside trump Taj Mahal Casino, 1 Dead - Second Such Incident In A Year At N.J. Mainstay Ends With Employee Killed – What else would you you expect from a mobster’s casino in mob-infested jersey!

Trump luxury resort folds, leaving buyers defrauded…litigation has commenced…send for sister maryanne, the corrupt federal judge to preside, coverup, etc., she’s in n.y./n.j./pa 3rd circuit ct appeals, understands drug money laundering/fraud and handles her own motions to recuse her and like mobster trump should be in jail  ... (see RICO Case)] earned many billions of dollars [ at whose expense ], which in a sense was both a scorecard and acknowledgment of my abilities [ to fool most of the people, all of the time. ] ." TRUMP DRAWS CHEERS, BOOS AT CONSERVATIVE CONFERENCE... PONDERING PRESIDENTIAL RUN... [Don’t make me laugh! … Donald T_rump Would Impose 25% Tax on China Imports if President [ trump also said america’s become the laughingstock of the world … true enough … and trump the biggest joke … Indeed, that trump even posits the possibility of a run when he should be in jail is a testament to just how big a laughingstock pervasively corrupt, defacto bankrupt america’s become! [ If he was mobster in chief, mobster and scoundrel trump wraps himself in populist american flag and offers up an (too little too late – typical lightweight) implausible solution to keep ‘the juice’ flowing though he’d already be in jail in a rational, non-declining nation with meaningful laws. All China has to do is dump (and not prospectively buy) their ever more and declining in value day-by-day (from dollar debasement policies) u.s. paper / bonds and overnight and the u.s. economy consequently thereby collapse. [ When you come right down to it, this has been america’s most significant export. Indeed, this irrevocable structural shift, hailed by cia men hw bush and clinton (clinton couldn’t have survived with them) by way of NAFTA as the greatest thing since sliced bread was indeed in no uncertain terms condemned and warned against by Perot, a man of honor who, unlike his opponents, could not be bought, which is the reason, in pervasively corrupt america, he could never have been elected. Interestingly, you may have noticed the good (but not great, other than the spotlight on pervasive bribery including judges, police, politicians, etc., being far too light) the film ‘The Untouchables’ getting a wide re-airing of late, purporting to be a significant part of american folklore / history / culture. However, the reality is that in america, and certainly today, the real story with impact is that of ‘The Touchables’. The reality is that Elliot Ness died a broken man; bankrupt, unable to even win election to the mayoralty of his then current hometown. He was incorruptible; and hence, in the real america, unelectable at the least if not also all but unemployable (he and his are among those few genetic anomalies in america as I’ve previously alluded to. How far america has fallen from even false perception! Pervasively corrupt, meaningfully lawless america can’t even fake it anymore. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal / judicial processes, etc., Defacto bankrupt, fraudulent america also spends more on offensive (defensive a misnomer / propaganda) military spending than all the nations of the world combined, and by a large margin at that. Do you see a pattern emerging here [ I unfortunately only belatedly did, and the feds, fed employees, cia, all 3 branches of the u.s. government, etc., are included in this evolved american trait of inherent criminality in the most nefarious sense … The pervasively corrupt american illegal system … corrupt u.s. courts / (lawyers) / judges: Their lifetime plush appointments should be abolished, which corrupt entities are unheard of in productive societies as China, Japan, etc.. Time to abolish these drags on society and eliminate their lifetime stipends and costly bureaucracies. Rules of law mean nothing to these typically corrupt americans. Most, including sam alito of the u.s. supreme court, concerning  drug money laundering and obstruction of justice in the 3^rd circuit ( also maryanne trump barry who covered-up drug money laundering through her brother’s casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it for the money, personal money, big, cash, untraceable money. The fog of war is great for such things (360 tons $100 bills flown into Iraq and missing, etc.). [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm  ]. america’s just a fraudulent and failed defacto bankrupt nation. ] “I would announce, without equivocation, a 25% tax increase on anything purchased from China.” ]

Fed Spin Lifts Stocks: Dave's Daily ‘It's a con plain and simple. I've bought into it because I must. Overall we're long and will be until the jig's up. Until then, I've advised subscribers for many months that our Lazy Portfolios are the path to success as Fed policies steamroll most technical systems beyond HFTs [high-frequency traders]. When it ends, and it will, it's back to business as usual. Earnings have been good, especially for companies (MMM, KO, MCD and etc.) where a weak dollar has led to grand overseas profits. Most of those gains remain stashed abroad and will remain there until U.S. corporate tax policy changes--a cold day in hell IMHO. Further, Fed policies have been positive for financial engineering, M&A, corporate debt financings and stock buybacks. This is the result of a sea of liquidity finding its way to Wall Street which trickles down to S&P 500 companies. It leads to minimal gains in U.S. employment as companies are stimulated to outsource work overseas. It does not lift real estate prices off the deck either. The great con remains current inflation, which Bernanke alluded to briefly in his comments today. They cling to "core" inflation as their measure of choice while we commoners who shop everyday for essentials know better. Turbo Tim even had the nerve to say the other day high gas prices are something we'll just "adjust to" and "won't hurt" the recovery. He has a government car and driver. He also had the nerve to reiterate the necessity to maintain a strong dollar. Yikes! The Fed expects GDP to grow between 3.1 and 3.3% this year. Thursday's GDP data may serve as a guide although expectations are for a weaker report. It's been a strange week as the dollar continued to slide, commodities rallied and stocks moved higher on ultra light volume.  As to the latter, where is everybody? Most retail investors are content to hang on to their IRAs and 401Ks but they're still distrustful of markets. From the data it seems they'd rather have a new car or TV which is something they can trust. Current trading patterns remain dominated by HFTs whether from institutional trading desks or hedge funds. This is the way we've rolled since QE2 began...’

Is the Market Crazy? [ Short answer: Yes! Fraudulently, criminally insane type crazy! ]

Drudgereport: SPOOK SHUFFLE: PETRAEUS TO CIA, PANETTA TO PENTAGON (americans-just a bunch of spooks!)...

Afghan officer fires on U.S. troops, kills 9 [american war criminals winning hearts and minds]...

BERNANKE: Here comes the inflation...
GOLD RECORD -- AGAIN...

Banks Warn Obama on Soaring Debt Problems...

Gasoline futures jump 6 cents in one day...

TRUMP TO GIBBS: YOU'RE 'A LOSER' [‘Another trumped-up case of the pot calling the kettle black’]... TRUMP: Obama Not Worthy of Ivy Leagues... [ Talk about the pot calling the kettle black … trump’s b.s., low grade (penn) ivy league (courtesy of papa mobster trump who ‘twisted his arm to go’ so people would take him ‘seriously’ – papa mobster trump would pound the undistinguished academically / athletically, Donald with the mantra, ‘you’re a killer, you’re a king’ in film noir melodramatic fashion which proved too much for the more balanced and ‘chosen / favored’ elder brother trump who committed suicide. The old man also required trump to go to prep / military / boarding school where according to a classmate, Ted Levine, trump used to wet / pee in his bed. ) vegetable garden in the same manner as dumbya bush … mobster trump and people like trump are part of the problem (total b*** s***, fraud, etc., as in his home turf, mob-infested sinkholes, jersey / new york), not the solution. Indeed, trump is an interesting mental case in that he evolved from narcissist (those inflated grandiose moods coupled with feelings of inferiority – he loved to obsessively read those hitler speeches for inspiration and to pump himself up according to Ivana Trump) to severe case of antisocial personality disorder [ predatory disregard for and violation of the rights of others – hence, those sophomoric soundbite solutions to complex problems as, ie., taking oil fields(Libya), 25% tariff on Chinese (actually including american goods made in China), drug money laundering in his casinos, bribery, etc. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]

In a rational nation that wasn’t in decline as pervasively corrupt, defacto bankrupt america, trump and sister Maryanne would both be in prison.

'Terrible student,' not good enough for Harvard... Biden daughter trashes Trump...
Bill Cosby slams: 'He's full of it!'...
Trump Takes On NYT, Gail Collins...
Admires her for surviving 'so long with so little talent'...
NBCWSJ POLL SHOCK: TRUMP #2 GOP [ NBC where t_rump has his Jerry Springer derivative shock-jock show and sinkhole new york's fraud street journal … poll? … Don't make me laugh … Lawrence O'Donnell insists parent company NBC consider firing Donald Trump Daily Caller ... Milbank: Donald trumps CPAC | Gibbs gone (Washington Post) [ Trump’s a loser, dressed up and propped up by and to shill for a declining, fallen nation in the most corrupt regions (ie., new york, jersey, etc.) of the country (every fallen nation has such); of that there is no question …"Over the years I've participated in many battles and have really almost come out very, very victorious every single time," the Donald said. (Except for the bankruptc[ies], that is. [ trump’s never won a battle that wasn’t fixed in advance (including the ‘pre-packaged bankrupcies’ crammed down the throats of objecting creditors – jersey general ] He also with his corrupt mob ilk 'chased' Steve Wynn out of jersey – Steve Wynn's doing extremely well in Macau and Vegas.) "I've beaten many people and companies, and I've won many wars," he added. (Though he didn't serve in the military.) "I have fairly [according to mobster rules; ie., bribery, money laundering, etc.] but intelligently [ as any other mob boss … trump is total b*** s***, a fraud, and lightweight … and, despite the façade, quite insecure … trump’s a total mental case … He truly is the ‘poster-boy’ of american decline and part of the problem, not the solution! …trump also said america’s become the laughingstock of the world … true enough … and trump the biggest joke … NEWS FLASH: Direct from Lost Angeles Learning Annex – Presenting mobster t_rump of new yoke, new joyzey, and now caleefornia mob fame with his continuing message for the past several years: buy real estate (and watch the values go down…..riiiiight!).
Bank sues Trump over Chicago tower loan...
Trump casino to miss interest payment...
trump’s fired (from ‘his own company’)

Gunfire Erupts Inside trump Taj Mahal Casino, 1 Dead - Second Such Incident In A Year At N.J. Mainstay Ends With Employee Killed – What else would you you expect from a mobster’s casino in mob-infested jersey!

Trump luxury resort folds, leaving buyers defrauded…litigation has commenced…send for sister maryanne, the corrupt federal judge to preside, coverup, etc., she’s in n.y./n.j./pa 3rd circuit ct appeals, understands drug money laundering/fraud and handles her own motions to recuse her and like mobster trump should be in jail  ... (see RICO Case)] earned many billions of dollars [ at whose expense ], which in a sense was both a scorecard and acknowledgment of my abilities [ to fool most of the people, all of the time. ] ." TRUMP DRAWS CHEERS, BOOS AT CONSERVATIVE CONFERENCE... PONDERING PRESIDENTIAL RUN... [Don’t make me laugh! … Donald T_rump Would Impose 25% Tax on China Imports if President [ trump also said america’s become the laughingstock of the world … true enough … and trump the biggest joke … Indeed, that trump even posits the possibility of a run when he should be in jail is a testament to just how big a laughingstock pervasively corrupt, defacto bankrupt america’s become! [ If he was mobster in chief, mobster and scoundrel trump wraps himself in populist american flag and offers up an (too little too late – typical lightweight) implausible solution to keep ‘the juice’ flowing though he’d already be in jail in a rational, non-declining nation with meaningful laws. All China has to do is dump (and not prospectively buy) their ever more and declining in value day-by-day (from dollar debasement policies) u.s. paper / bonds and overnight and the u.s. economy consequently thereby collapse. [ When you come right down to it, this has been america’s most significant export. Indeed, this irrevocable structural shift, hailed by cia men hw bush and clinton (clinton couldn’t have survived with them) by way of NAFTA as the greatest thing since sliced bread was indeed in no uncertain terms condemned and warned against by Perot, a man of honor who, unlike his opponents, could not be bought, which is the reason, in pervasively corrupt america, he could never have been elected. Interestingly, you may have noticed the good (but not great, other than the spotlight on pervasive bribery including judges, police, politicians, etc., being far too light) the film ‘The Untouchables’ getting a wide re-airing of late, purporting to be a significant part of american folklore / history / culture. However, the reality is that in america, and certainly today, the real story with impact is that of ‘The Touchables’. The reality is that Elliot Ness died a broken man; bankrupt, unable to even win election to the mayoralty of his then current hometown. He was incorruptible; and hence, in the real america, unelectable at the least if not also all but unemployable (he and his are among those few genetic anomalies in america as I’ve previously alluded to. How far america has fallen from even false perception! Pervasively corrupt, meaningfully lawless america can’t even fake it anymore. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal / judicial processes, etc., Defacto bankrupt, fraudulent america also spends more on offensive (defensive a misnomer / propaganda) military spending than all the nations of the world combined, and by a large margin at that. Do you see a pattern emerging here [ I unfortunately only belatedly did, and the feds, fed employees, cia, all 3 branches of the u.s. government, etc., are included in this evolved american trait of inherent criminality in the most nefarious sense … The pervasively corrupt american illegal system … corrupt u.s. courts / (lawyers) / judges: Their lifetime plush appointments should be abolished, which corrupt entities are unheard of in productive societies as China, Japan, etc.. Time to abolish these drags on society and eliminate their lifetime stipends and costly bureaucracies. Rules of law mean nothing to these typically corrupt americans. Most, including sam alito of the u.s. supreme court, concerning  drug money laundering and obstruction of justice in the 3^rd circuit ( also maryanne trump barry who covered-up drug money laundering through her brother’s casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it for the money, personal money, big, cash, untraceable money. The fog of war is great for such things (360 tons $100 bills flown into Iraq and missing, etc.). [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm  ]. america’s just a fraudulent and failed defacto bankrupt nation. ] “I would announce, without equivocation, a 25% tax increase on anything purchased from China.” ]

Bernanke prepares to make history (Washington Post) [ He already has! $6 gas acomin’, $1,508+ gold, $46+ silver, other commodities at record levels, hyperinflation as predicted well on the way from over-printing of fiat paper currency by fed as predicted, etc., Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic performance of the past ten years, equity valuations are the 2nd largest bubble in U.S. history... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued according to this valuation metric. The only time the markets have been more overvalued was a few brief months in 1929 and the tech bubble

... growth in earnings have been artificially manufactured...

· The change in accounting rules for the financial sector by FASB has generated massive “false” account profits beginning in 2009.

· The extended (and then further extended) unemployment benefits have kept an artificially higher demand for consumer consumption. As a result, the US government has artificially subsidized corporate profits.

· The billions saved through “free loading” by homeowners who have defaulted on their mortgages yet maintained their residence, thus living without a mortgage payment.

· The artificially suppressed interest rates...

Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come!

ATTENTION: REPORTERS – HIP BOOTS MANDATORY, WADERS RECOMMENDED SINCE YOU’LL BE AT LEAST KNEE-DEEP IN ‘NO-RECESSION HELICOPTER BEN B.S. BERNAKE’ B*** S***! ] On Wednesday, he will be the first Fed chairman to take on-the-record questioning from the media.

24 Signs Of Economic Decline In America ‘The United States is in the middle of a devastating long-term economic decline and it is getting really hard to deny it. Over the past year I have included literally thousands of depressing statistics in my articles about the U.S. economy. The Economic Collapse April 23, 2011 The United States is in the middle of a devastating long-term economic decline and it is getting really hard to deny it.  Over the past year I have included literally thousands of depressing statistics in my articles about the U.S. economy… the U.S. economy is in deep decline and is dying a little bit more every single day… 

Treasury quietly plans for debt showdown (Washington Post) As White House warns of catastrophe if Congress fails to raise the debt ceiling, Geithner is working behind the scenes to juggle the books and conserve cash. [ Quietly? Hardly. It’s probably the most trumpeted quiet plan in the history of this now defacto bankrupt nation. Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ … Suckers’ rally to keep suckers suckered: Philadelphia Fed Depresses Economists Durden ‘On Thursday April 21, 2011, 1:32 pm EDT And here comes the first indicator that Q2 GDP is about to be mass revised by everyone, courtesy of Japan, and ongoing inflation pressures: the Philadelphia Fed collapsed from a revised 43.4 (a 27 year high) to 18.5, the lowest since November 2010… This is an especially great opportunity to sell / take profits while you still can since there's much worse to come!]

America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog.. the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic performance of the past ten years, equity valuations are the 2nd largest bubble in U.S. history... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued according to this valuation metric. The only time the markets have been more overvalued was a few brief months in 1929 and the tech bubble

... growth in earnings have been artificially manufactured...

· The change in accounting rules for the financial sector by FASB has generated massive “false” account profits beginning in 2009.

· The extended (and then further extended) unemployment benefits have kept an artificially higher demand for consumer consumption. As a result, the US government has artificially subsidized corporate profits.

· The billions saved through “free loading” by homeowners who have defaulted on their mortgages yet maintained their residence, thus living without a mortgage payment.

· The artificially suppressed interest rates...

Drudgereport: SPOOK SHUFFLE: PETRAEUS TO CIA, PANETTA TO PENTAGON (americans-just a bunch of spooks!)...

Afghan officer fires on U.S. troops, kills 9 [american war criminals winning hearts and minds]...

BERNANKE: Here comes the inflation...
GOLD RECORD -- AGAIN...

Banks Warn Obama on Soaring Debt Problems...

Gasoline futures jump 6 cents in one day...

TRUMP TO GIBBS: YOU'RE 'A LOSER' [‘Another trumped-up case of the pot calling the kettle black’]... TRUMP: Obama Not Worthy of Ivy Leagues... [ Talk about the pot calling the kettle black … trump’s b.s., low grade (penn) ivy league (courtesy of papa mobster trump who ‘twisted his arm to go’ so people would take him ‘seriously’ – papa mobster trump would pound the undistinguished academically / athletically, Donald with the mantra, ‘you’re a killer, you’re a king’ in film noir melodramatic fashion which proved too much for the more balanced and ‘chosen / favored’ elder brother trump who committed suicide. The old man also required trump to go to prep / military / boarding school where according to a classmate, Ted Levine, trump used to wet / pee in his bed. ) vegetable garden in the same manner as dumbya bush … mobster trump and people like trump are part of the problem (total b*** s***, fraud, etc., as in his home turf, mob-infested sinkholes, jersey / new york), not the solution. Indeed, trump is an interesting mental case in that he evolved from narcissist (those inflated grandiose moods coupled with feelings of inferiority – he loved to obsessively read those hitler speeches for inspiration and to pump himself up according to Ivana Trump) to severe case of antisocial personality disorder [ predatory disregard for and violation of the rights of others – hence, those sophomoric soundbite solutions to complex problems as, ie., taking oil fields(Libya), 25% tariff on Chinese (actually including american goods made in China), drug money laundering in his casinos, bribery, etc. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]

In a rational nation that wasn’t in decline as pervasively corrupt, defacto bankrupt america, trump and sister Maryanne would both be in prison.

'Terrible student,' not good enough for Harvard... Biden daughter trashes Trump...
Bill Cosby slams: 'He's full of it!'...
Trump Takes On NYT, Gail Collins...
Admires her for surviving 'so long with so little talent'...
NBCWSJ POLL SHOCK: TRUMP #2 GOP [ NBC where t_rump has his Jerry Springer derivative shock-jock show and sinkhole new york's fraud street journal … poll? … Don't make me laugh … Lawrence O'Donnell insists parent company NBC consider firing Donald Trump Daily Caller ... Milbank: Donald trumps CPAC | Gibbs gone (Washington Post) [ Trump’s a loser, dressed up and propped up by and to shill for a declining, fallen nation in the most corrupt regions (ie., new york, jersey, etc.) of the country (every fallen nation has such); of that there is no question …"Over the years I've participated in many battles and have really almost come out very, very victorious every single time," the Donald said. (Except for the bankruptc[ies], that is. [ trump’s never won a battle that wasn’t fixed in advance (including the ‘pre-packaged bankrupcies’ crammed down the throats of objecting creditors – jersey general ] He also with his corrupt mob ilk 'chased' Steve Wynn out of jersey – Steve Wynn's doing extremely well in Macau and Vegas.) "I've beaten many people and companies, and I've won many wars," he added. (Though he didn't serve in the military.) "I have fairly [according to mobster rules; ie., bribery, money laundering, etc.] but intelligently [ as any other mob boss … trump is total b*** s***, a fraud, and lightweight … and, despite the façade, quite insecure … trump’s a total mental case … He truly is the ‘poster-boy’ of american decline and part of the problem, not the solution! …trump also said america’s become the laughingstock of the world … true enough … and trump the biggest joke … NEWS FLASH: Direct from Lost Angeles Learning Annex – Presenting mobster t_rump of new yoke, new joyzey, and now caleefornia mob fame with his continuing message for the past several years: buy real estate (and watch the values go down…..riiiiight!).
Bank sues Trump over Chicago tower loan...
Trump casino to miss interest payment...
trump’s fired (from ‘his own company’)

Gunfire Erupts Inside trump Taj Mahal Casino, 1 Dead - Second Such Incident In A Year At N.J. Mainstay Ends With Employee Killed – What else would you you expect from a mobster’s casino in mob-infested jersey!

Trump luxury resort folds, leaving buyers defrauded…litigation has commenced…send for sister maryanne, the corrupt federal judge to preside, coverup, etc., she’s in n.y./n.j./pa 3rd circuit ct appeals, understands drug money laundering/fraud and handles her own motions to recuse her and like mobster trump should be in jail  ... (see RICO Case)] earned many billions of dollars [ at whose expense ], which in a sense was both a scorecard and acknowledgment of my abilities [ to fool most of the people, all of the time. ] ." TRUMP DRAWS CHEERS, BOOS AT CONSERVATIVE CONFERENCE... PONDERING PRESIDENTIAL RUN... [Don’t make me laugh! … Donald T_rump Would Impose 25% Tax on China Imports if President [ trump also said america’s become the laughingstock of the world … true enough … and trump the biggest joke … Indeed, that trump even posits the possibility of a run when he should be in jail is a testament to just how big a laughingstock pervasively corrupt, defacto bankrupt america’s become! [ If he was mobster in chief, mobster and scoundrel trump wraps himself in populist american flag and offers up an (too little too late – typical lightweight) implausible solution to keep ‘the juice’ flowing though he’d already be in jail in a rational, non-declining nation with meaningful laws. All China has to do is dump (and not prospectively buy) their ever more and declining in value day-by-day (from dollar debasement policies) u.s. paper / bonds and overnight and the u.s. economy consequently thereby collapse. [ When you come right down to it, this has been america’s most significant export. Indeed, this irrevocable structural shift, hailed by cia men hw bush and clinton (clinton couldn’t have survived with them) by way of NAFTA as the greatest thing since sliced bread was indeed in no uncertain terms condemned and warned against by Perot, a man of honor who, unlike his opponents, could not be bought, which is the reason, in pervasively corrupt america, he could never have been elected. Interestingly, you may have noticed the good (but not great, other than the spotlight on pervasive bribery including judges, police, politicians, etc., being far too light) the film ‘The Untouchables’ getting a wide re-airing of late, purporting to be a significant part of american folklore / history / culture. However, the reality is that in america, and certainly today, the real story with impact is that of ‘The Touchables’. The reality is that Elliot Ness died a broken man; bankrupt, unable to even win election to the mayoralty of his then current hometown. He was incorruptible; and hence, in the real america, unelectable at the least if not also all but unemployable (he and his are among those few genetic anomalies in america as I’ve previously alluded to. How far america has fallen from even false perception! Pervasively corrupt, meaningfully lawless america can’t even fake it anymore. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal / judicial processes, etc., Defacto bankrupt, fraudulent america also spends more on offensive (defensive a misnomer / propaganda) military spending than all the nations of the world combined, and by a large margin at that. Do you see a pattern emerging here [ I unfortunately only belatedly did, and the feds, fed employees, cia, all 3 branches of the u.s. government, etc., are included in this evolved american trait of inherent criminality in the most nefarious sense … The pervasively corrupt american illegal system … corrupt u.s. courts / (lawyers) / judges: Their lifetime plush appointments should be abolished, which corrupt entities are unheard of in productive societies as China, Japan, etc.. Time to abolish these drags on society and eliminate their lifetime stipends and costly bureaucracies. Rules of law mean nothing to these typically corrupt americans. Most, including sam alito of the u.s. supreme court, concerning  drug money laundering and obstruction of justice in the 3^rd circuit ( also maryanne trump barry who covered-up drug money laundering through her brother’s casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it for the money, personal money, big, cash, untraceable money. The fog of war is great for such things (360 tons $100 bills flown into Iraq and missing, etc.). [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm  ]. america’s just a fraudulent and failed defacto bankrupt nation. ] “I would announce, without equivocation, a 25% tax increase on anything purchased from China.” ]

National security shake-up expected (Washington Post) [ Shake-up? I don’t think so. There may have been a time when a such changes, be it personnel, policy, etc., might as per the following reference be slight exaggeration; but no more, as all such now is literally a rearrangement of the deck chairs on the uss Titanic. Nothing succeeds quite like failure in america these days! Poll: Egyptians skeptical about U.S. Egyptians have an unfavorable view of the U.S., but they are also divided over Islamic fundamentalists. (Washington Post) [ Hey! … Guess what? … americans and the rest of the world (except zionist israel, zionists, and old biddy britain) are skeptical and have an unfavorable view of america. The Economic Collapse: 24 more signs of economic decline in America…

#1 On Monday, S&P altered its outlook on U.S. government debt from “stable” to “negative” ..at the rest of the world is losing faith in the U.S. dollar and in U.S. Treasuries.

#2 China has announced reducing their holdings of U.S. dollar

#3 .. “panic dollar selling is setting in” and U.S. dollar in for a huge decline.

#4 The biggest bond fund in the world, PIMCO, is now shorting U.S. government bonds.

#5 Bad economy is causing “ghost towns” to appear all across the U.S..

#6 There are now about 7.25 million less jobs in America than when the recession began back in 2007.

#7 The average American family is having a really tough time -  Only 45.4% of Americans had a job during 2010.  .

#8 Only 66.8% of American men had a job last year- lowest level ever ..

#9 Avg CEO made 343 times more money than the average American

#10 Gas prices five dollars per gallon at gas stations.. $6 gas soon

#11 .. 12 months the average price of gasoline in the US has gone up by about 30%.

#12 Due to rising fuel prices, American Airlines lost a staggering $436 million during first qtr 2011.

#13 U.S. households now receiving more from the US gov’t than they are paying to the government in taxes.

#14 1 of 4 dollars that the U.S. govt borrows goes to pay the interest on the national debt.

#15 Total home mortgage debt in the United States is now about 5 times larger than it was just 20 years ago.

#16 Total credit card debt in u.s. more than 8 times larger than 30 yrs ago.

#17 Avg household debt in the United States has now reached a level of 136% of avg household income.  In China, avg household debt is only 17% of avg household income.

#18 Avg American spends approximately 23 percent .. on food and gas.

#19 .. 74 percent of u.s. said that they planned to slow down their spending

#20 59 percent u.s. receive money from the govt ..

#21 avg length of unemployment in the U.S. is now an all-time record 39 weeks.

#22 u.s. random acts of violence”…

#23 Americans are popping the gold teeth right out of their mouths / selling them to pawn shops.

#24 ..u.s. people gobbling up larger and larger amounts of antidepressants / other drugs.  ..’ ]

The president, lost in thought (Washington Post) In politics, deep and complex thinkers such as Obama can seem adrift. [ How ‘bout just lost! Wobama apologist Mr. Milbank is at it again;viz., new ways to explain away wobama’s reflection at trying to remember what he previously said so as not to appear as to have been as disingenuous as you’d expect a common liar to be. Yet, I believe Mr. Milbank misreads the current signs which in fact reflect for ‘wobama the b’ (for b*** s***) a current loss beyond thought which has cast him into a ‘funk’: Drudgereport: TELEPROMPTER INVENTOR DIES... (Wobama ‘goes in mourning … day of silence declared’)

Attorney General Holder defends his tenure (Washington Post) [ Defending the indefensible! Yes … there is no defending this ag … He should step down, forced to resign … Obama faces fundraising test in California (Washington Post) [ Test? You mean intelligence test for those Californians? A cliché, aphorism is apposite: ‘Fool me once, shame on you. Fool me twice, shame on me’. Now frauds on wall street got value for their bribes; viz., no prosecution of their continuing nation-destroying frauds, yet cleaning up the frauds with prosecutions was the presumption upon which their support was predicated , at least in part. Certainly Hollywood spoke with their academy award for ‘Inside Job’ . Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billiions from the fraud ), the commentator / experts recommend getting rid of the corrupt eric holder ( what do holder and wobama have in common … wall street money? … a proclivity for jive-talking / b*** s*** ?...all/some of the above … or is it something else ... . UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown. ]

]

Trump’s donations favor Democrats (Washington Post) [ Why the surprise? In addition to being a bribester, mobster, trump’s a total fraudster / mental case who stands for absolutely nothing more than expedient soundbites! Drudgereport: TRUMP: Obama Not Worthy of Ivy Leagues... [ Talk about the pot calling the kettle black … trump’s b.s., low grade (penn) ivy league (courtesy of papa mobster trump who ‘twisted his arm to go’ so people would take him ‘seriously’ – papa mobster trump would pound the undistinguished academically / athletically donald with the mantra, ‘you’re a killer, you’re a king’ in film noir melodramatic fashion which proved too much for the more balanced and ‘chosen / favored’ elder brother trump who committed suicide. The old man also required trump to go to prep / military / boarding school where according to a classmate, Ted Levine, trump used to wet / pee in his bed. ) vegetable garden in the same manner as dumbya bush … mobster trump and people like trump are part of the problem (total b*** s***, fraud, etc., as in his home turf, mob-infested sinkholes, jersey / new york), not the solution. Indeed, trump is an interesting mental case in that he evolved from narcissist (those inflated grandiose moods coupled with feelings of inferiority – he loved to obsessively read those hitler speeches for inspiration and to pump himself up according to Ivana Trump) to severe case of antisocial personality disorder [ predatory disregard for and violation of the rights of others – hence, those sophomoric soundbite solutions to complex problems as, ie., taking oil fields(Libya), 25% tariff on Chinese (actually including american goods made in China) goods, drug money laundering in his casinos, bribery, etc. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]

In a rational nation that wasn’t in decline as pervasively corrupt, defacto bankrupt america, trump and sister Maryanne would both be in prison.

'Terrible student,' not good enough for Harvard... Biden daughter trashes Trump...
Bill Cosby: 'He's full of it!'...
Trump Takes On NYT, Gail Collins...
Admires her for surviving 'so long with so little talent'...
NBCWSJ POLL SHOCK: TRUMP #2 GOP [ NBC where t_rump has his Jerry Springer derivative shock-jock show and sinkhole new york's fraud street journal … poll? … Don't make me laugh … Lawrence O'Donnell insists parent company NBC consider firing Donald Trump DC Milbank: Donald trumps CPAC | Gibbs gone (WP) [ Trump’s a loser, dressed up and propped up by and to shill for a declining, fallen nation in the most corrupt regions (ie., new york, jersey, etc.) of the country (every fallen nation has such)… Poll: 31% of Republicans, say Trump would make a “poor” or “terrible” president

States face shortfall for retirees (Washington Post) Public workers’ retirement funds had a gap of $1.26 trillion at the end of fiscal 2009, a report says.

Study: Affordable rentals scarce (Washington Post) Share of renters who spend more than half their income on housing is at its highest level in half a century.

Poll: For Obama, low marks on Afghan war (Washington Post) More Americans disapprove of President Obama’s management of the war in Afghanistan than support it, according to a new Washington Post-ABC News poll, a finding that reflects the public’s broader concern over the course of the nearly decade-old conflict.

Fuel prices cut into Obama popularity (Washington Post) As gas prices bite into household incomes, Obama’s support takes a hit, according to new poll. The high fuel price dynamic is the slow / now faster motion, long predicted hyperinflationary consequence of failed fed, administration, congressional economic / financial / fiscal policy that essentially has been interposed for the (short-term particularly) benefit of the frauds on wall street (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast turmoil to obfuscate their failure. Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come! America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Return of Inflation: 5 Worrying Signs From Friday's NY Times

Index Fund Rip-Off? Bartalos ‘Would you pay $5 for something that costs $1? Not if you could help it. However, that’s precisely what many investors are doing.

American Stock Ownership Declines

24 Signs Of Economic Decline In America ‘The United States is in the middle of a devastating long-term economic decline and it is getting really hard to deny it. Over the past year I have included literally thousands of depressing statistics in my articles about the U.S. economy. The Economic Collapse April 23, 2011 The United States is in the middle of a devastating long-term economic decline and it is getting really hard to deny it.  Over the past year I have included literally thousands of depressing statistics in my articles about the U.S. economy… the U.S. economy is in deep decline and is dying a little bit more every single day… 

Poll: Egyptians skeptical about U.S. Egyptians have an unfavorable view of the U.S., but they are also divided over Islamic fundamentalists. (Washington Post) [ Hey! … Guess what? … americans and the rest of the world (except zionist israel, zionists, and old biddy britain) are skeptical and have an unfavorable view of america. The Economic Collapse: 24 more signs of economic decline in America…

#1 On Monday, S&P altered its outlook on U.S. government debt from “stable” to “negative” ..at the rest of the world is losing faith in the U.S. dollar and in U.S. Treasuries.

#2 China has announced reducing their holdings of U.S. dollar

#3 .. “panic dollar selling is setting in” and U.S. dollar in for a huge decline.

#4 The biggest bond fund in the world, PIMCO, is now shorting U.S. government bonds.

#5 This cruel economy is causing “ghost towns” to appear all across the United States..

#6 There are now about 7.25 million less jobs in America than when the recession began back in 2007.

#7 The average American family is having a really tough time right now.  Only 45.4% of Americans had a job during 2010.  .

#8 Only 66.8% of American men had a job last year.  That was the lowest level ever ..

#9 According to a new report from the AFL-CIO, the average CEO made 343 times more money than the average American

#10 Gas prices reached five dollars per gallon at a gas station in Washington, DC on April 19th, 2011.  .. $6 gas soon

#11 .. 12 months the average price of gasoline in the United States has gone up by about 30%.

#12 Due to rising fuel prices, American Airlines lost a staggering $436 million during the first quarter of 2011.

#13 U.S. households are now receiving more income from the U.S. governmentthan they are paying to the government in taxes.

#14 1 of 4 dollars that the U.S. government borrows goes to pay the interest on the national debt.

#15 Total home mortgage debt in the United States is now about 5 times larger than it was just 20 years ago.

#16 Total credit card debt in u.s. more than 8 times larger than 30 yrs ago.

#17 Average household debt in the United States has now reached a level of 136% of average household income.  In China, average household debt is only 17% of average household income.

#18 The average American now spends approximately 23 percent .. on food and gas.

#19 .. 74 percent of Americans said that they planned to slow down their spending in coming months

#20 59 percent u.s. receive money from the federal government ..

#21 average length of unemployment in the U.S. is now an all-time record 39 weeks.

#22 As the economy continues to collapse, frustration ..“random acts of violence”…

#23 Some Americans have become so desperate for cash that they are literallypopping the gold teeth right out of their mouths and selling them to pawn shops.

#24 ..u.s. people have been gobbling up larger and larger amounts of antidepressants and other prescription drugs.  ..’ ]

20 Questions for Ben Bernanke Zero Hedge | The Fed is expected to continue the QE2 Lite mandate.

Attorney General Holder defends his tenure (Washington Post) [ Defending the indefensible! Yes … there is no defending this ag … He should step down, forced to resign … Obama faces fundraising test in California (Washington Post) [ Test? You mean intelligence test for those Californians? A cliché, aphorism is apposite: ‘Fool me once, shame on you. Fool me twice, shame on me’. Now frauds on wall street got value for their bribes; viz., no prosecution of their continuing nation-destroying frauds, yet cleaning up the frauds with prosecutions was the presumption upon which their support was predicated , at least in part. Certainly Hollywood spoke with their academy award for ‘Inside Job’ . Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billiions from the fraud ), the commentator / experts recommend getting rid of the corrupt eric holder ( what do holder and wobama have in common … wall street money? … a proclivity for jive-talking / b*** s*** ?...all/some of the above … or is it something else ... . UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown. ]

Chernobyl, 25 years later (Washington Post) Following the nuclear disaster in Japan, the Chernobyl accident has a particular importance. Japan declares evacuation zone near nuclear plant (Washington Post) [ Wow! Sounds like a plan! … From the beginning, as I’ve written on my website, I’ve thought the catastrophic nature and impact of this disaster to have been underreported at the least … the Japanese uncharacteristically have adopted somewhat of a ‘if wishing could make it so’ tact in this sad crisis. Cesium 137 Threat Grows While Corporate Media Remains Mute The hereditary communist dictatorship in North Korea reports on the spread of radiation from the Fukushima nuclear plant, but it has all but fallen off the corporate media radar screen here. Monitoring stations across North Korea from April 11 to 17 detected iodine-131 and cesium-137 in the air above Wonsan in the southeast and Chongjin in the southeast, according to the country’s state-run media. According to the Los Angeles Times, seawater near the Fukushima nuclear complex was recently found to contain “iodine-131 at 7.5 million times the legal limit”. Something Odd Is Happening at Reactor Number 4 The operator of the troubled Fukushima Daiichi nuclear power plant is carefully monitoring the situation at the Number 4 spent fuel pool, where the water temperature is rising despite increased injections of cooling water. Helen Caldicott Talks About the Horror of Fukushima Australian physician, author, and anti-nuclear advocate Helen Caldicott talks about the Fukushima nuclear catastrophe and what we can expect. It ain’t pretty. Busby: ‘Can’t seal Fukushima like Chernobyl – it all goes into sea’ As world marks the Chernobyl anniversary, many say that the world has failed to learn the lessons on nuclear safety that the tragedy provided. RT talks to Professor Christopher Busby, Scientific secretary of the European Committee on radiation risks, for a little more insight on 21st century’s most serious nuclear crisis at Fukushima. Assassinate Qaddafi? Tyrants Beware – What Goes Around Might Come Around Lindsey Graham and John McCain, both of the meddling International Republican Institute implicated in funding and fueling the “Arab Spring” to begin with, have called for the assassination of Libya’s Qaddafi and members of his inner circle. The London Telegraph also reported that Foreign Secretary William Hague refused to rule out using US drones to assassinate Qaddafi. TEPCO finds radioactive concrete emitting 900,000 microsieverts per hour of nuclear radiation The operator of the damaged Fukushima Daiichi nuclear power plant says that concrete debris emitting a high level of radiation has been found near the Number 3 reactor.

With Barbour now out, new questions for GOP (Washington Post) THE TAKE | Decision sets off scramble for parts of his financial and political network and raises questions about challenges party faces in unseating Obama.

Poll: For Obama, low marks on Afghan war (Washington Post) [ If only ‘wobama the b’ (for b*** s***) had been a man of his word and stopped these nation-bankrupting, murderous wars. ]

Drudgereport: TRUMP: Obama Not Worthy of Ivy Leagues... [ Talk about the pot calling the kettle black … trump’s b.s., low grade (penn) ivy league (courtesy of papa mobster trump who ‘twisted his arm to go’ so people would take him ‘seriously’ – papa mobster trump would pound the undistinguished academically / athletically donald with the mantra, ‘you’re a killer, you’re a king’ in film noir melodramatic fashion which proved too much for the more balanced and ‘chosen / favored’ elder brother trump who committed suicide. The old man also required trump to go to prep / military / boarding school where according to a classmate, Ted Levine, trump used to wet / pee in his bed. ) vegetable garden in the same manner as dumbya bush … mobster trump and people like trump are part of the problem (total b*** s***, fraud, etc., as in his home turf, mob-infested sinkholes, jersey / new york), not the solution. Indeed, trump is an interesting mental case in that he evolved from narcissist (those inflated grandiose moods coupled with feelings of inferiority – he loved to obsessively read those hitler speeches for inspiration and to pump himself up according to Ivana Trump) to severe case of antisocial personality disorder [ predatory disregard for and violation of the rights of others – hence, those sophomoric soundbite solutions to complex problems as, ie., taking oil fields(Libya), 25% tariff on Chinese (actually including american goods made in China) goods, drug money laundering in his casinos, bribery, etc. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]

In a rational nation that wasn’t in decline as pervasively corrupt, defacto bankrupt america, trump and sister Maryanne would both be in prison.

'Terrible student,' not good enough for Harvard... Biden daughter trashes Trump...
Bill Cosby slams: 'He's full of it!'...
Trump Takes On NYT, Gail Collins...
Admires her for surviving 'so long with so little talent'...
NBCWSJ POLL SHOCK: TRUMP #2 GOP [ NBC where t_rump has his Jerry Springer derivative shock-jock show and sinkhole new york's fraud street journal … poll? … Don't make me laugh … Lawrence O'Donnell insists parent company NBC consider firing Donald Trump Daily Caller ... Milbank: Donald trumps CPAC | Gibbs gone (Washington Post) [ Trump’s a loser, dressed up and propped up by and to shill for a declining, fallen nation in the most corrupt regions (ie., new york, jersey, etc.) of the country (every fallen nation has such)… Poll: 31% of Republicans, say Trump would make a “poor” or “terrible” president

Islamic Group with British Intelligence Links Threatens Royal Wedding Kurt Nimmo | Muslims Against Crusades has reportedly told Princes William and Harry to “watch your backs.”

Media Distorts Truth To Propagandize For NATO-Backed War On Syria Paul Joseph Watson | Another contrived “humanitarian” war is in the making.

Modern British Royalty: Eugenicists, Nazis and Neo-Feudalists Steve Watson & Alex Jones | The upcoming royal Wedding of William Mountbatten-Windsor, heir in waiting to the British throne has the UK media in a frenzy.

Waking Up to Economic Realities Ron Paul | Even the most conservative budget that has been proposed by Republican leadership requires raising the debt ceiling.

Busby: Fukushima Explosion Was Nuclear Kurt Nimmo | Scientist says situation at Fukushima far worse than Chernobyl.

MI5 Intelligence Front Threatens Royal Wedding To Justify Banning Protest Once again, the corporate media rolls out a scary story about Islamists threatening the state, this time represented by the British royal family.

Media Distorts Truth To Propagandize For NATO-Backed War On Syria Despite the fact that western media is completely cut off from entering Syria and therefore unable to verify reports of hundreds of murders carried out by security forces loyal to Syrian president Bashar al-Assad, grainy and often misconstrued YouTube videos have been cited as proof positive that Assad is overseeing a brutal crackdown on pro-democracy protesters, but a whistleblower living in Syria has contacted us to express his disbelief at such claims, dismissing them as little more than fabricated fairy-tales designed to law the groundwork for yet another NATO-backed military intervention based on contrived “humanitarian” grounds.

Modern British Royalty: Eugenicists, Nazis and Neo-Feudalists The upcoming royal Wedding of William Mountbatten-Windsor, heir in waiting to the British throne has the UK media in a frenzy of vomit inducing worship and stomach churning sycophantic fawning. Even the US media is pouring over the royals to such an extent that commentators have pointed out that had the modern day corporate media covered the Revolutionary War, it would have firmly supported the British.

The Queen Controls The Militaries of Britain, Canada And Australia, She Is The Only Person Who Can Declare War The Queen is the head and source of all branches of public power. She is the head of the British armed forces. She can exercise personal discretion over issues such as appointing the prime minister and dissolving the parliament, and the only person in Britain being able to declare war and peace.

CNN investigation: Obama born in U.S. Was Barack Obama really born in America?

Alex Jones – The Man, The History “Alex Jones is a model for people to create their own media,” Michael Harrison, editor of the industry trade magazine Talkers, told Rolling Stone writer Alexander Zaitchik. “When the history is written of talk broadcasting’s transition from the corporate model of the 20th century to the digital, independent model of the 21st century, he will be considered an early trailblazer.”

Investigator: Fukushima Blast Was Nuclear Explosion British scientist Christopher Busby, a researcher on the negative health effects of ionizing radiation, told Russia Today that one of the explosions at the crippled Fukushima nuclear plant in Japan was a nuclear explosion, not a hydrogen explosion as widely reported in the media.

Ron Paul 2012: Last Chance To Rescue America? With Ron Paul now all but certain to officially announce his bid for the 2012 presidency, it is imperative that Americans understand that the Texas Congressman represents the United States’ last hope of preserving its position as a pre-eminent economic superpower and avoiding a Soviet-style collapse into an abyss of debt, depression and decay.

Drudgereport: Gas prices rise for 35th straight day...
Climb 6 cents overnight in Michigan...
President's answer: More taxes...

Gasoline Futures Highest Since 2008...

TELEPROMPTER INVENTOR DIES... (Wobama ‘goes in mourning … day of silence declared’)
Buchanan to Matthews: 'You're supposed to be a journalist'...

RON PAUL: HE'S IN!
Killer Combo of High Gas, Food Prices at 'Key Tipping Point'...
AAA Sees 18% Increase In Roadside Calls For Drivers Out Of Gas...
$5.69 GALLON IN ORLANDO -- FOR REGULAR...

Dollar's Decline Speeds Up...

IMF: AGE OF AMERICA NEARS END...
Dollar's Decline Speeds Up...
China planning to cut U.S. reserves by two-thirds?
Gold and silver continue to surge...
Reid's China junket sked kept secret over 'security concerns'...
WASHPOST: If the trip's so dangerous, why are senators spouses tagging along?

TRUMP: Obama Not Worthy of Ivy Leagues... [ Talk about the pot calling the kettle black … trump’s b.s., low grade (penn) ivy league (courtesy of papa mobster trump who ‘twisted his arm to go’ so people would take him ‘seriously’ – papa mobster trump would pound the undistinguished academically / athletically, Donald with the mantra, ‘you’re a killer, you’re a king’ in film noir melodramatic fashion which proved too much for the more balanced and ‘chosen / favored’ elder brother trump who committed suicide. The old man also required trump to go to prep / military / boarding school where according to a classmate, Ted Levine, trump used to wet / pee in his bed. ) vegetable garden in the same manner as dumbya bush … mobster trump and people like trump are part of the problem (total b*** s***, fraud, etc., as in his home turf, mob-infested sinkholes, jersey / new york), not the solution. Indeed, trump is an interesting mental case in that he evolved from narcissist (those inflated grandiose moods coupled with feelings of inferiority – he loved to obsessively read those hitler speeches for inspiration and to pump himself up according to Ivana Trump) to severe case of antisocial personality disorder [ predatory disregard for and violation of the rights of others – hence, those sophomoric soundbite solutions to complex problems as, ie., taking oil fields(Libya), 25% tariff on Chinese (actually including american goods made in China), drug money laundering in his casinos, bribery, etc. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]

In a rational nation that wasn’t in decline as pervasively corrupt, defacto bankrupt america, trump and sister Maryanne would both be in prison.

'Terrible student,' not good enough for Harvard... Biden daughter trashes Trump...
Bill Cosby slams: 'He's full of it!'...
Trump Takes On NYT, Gail Collins...
Admires her for surviving 'so long with so little talent'...
NBCWSJ POLL SHOCK: TRUMP #2 GOP [ NBC where t_rump has his Jerry Springer derivative shock-jock show and sinkhole new york's fraud street journal … poll? … Don't make me laugh … Lawrence O'Donnell insists parent company NBC consider firing Donald Trump Daily Caller ... Milbank: Donald trumps CPAC | Gibbs gone (Washington Post) [ Trump’s a loser, dressed up and propped up by and to shill for a declining, fallen nation in the most corrupt regions (ie., new york, jersey, etc.) of the country (every fallen nation has such); of that there is no question …"Over the years I've participated in many battles and have really almost come out very, very victorious every single time," the Donald said. (Except for the bankruptc[ies], that is. [ trump’s never won a battle that wasn’t fixed in advance (including the ‘pre-packaged bankrupcies’ crammed down the throats of objecting creditors – jersey general ] He also with his corrupt mob ilk 'chased' Steve Wynn out of jersey – Steve Wynn's doing extremely well in Macau and Vegas.) "I've beaten many people and companies, and I've won many wars," he added. (Though he didn't serve in the military.) "I have fairly [according to mobster rules; ie., bribery, money laundering, etc.] but intelligently [ as any other mob boss … trump is total b*** s***, a fraud, and lightweight … and, despite the façade, quite insecure … trump’s a total mental case … He truly is the ‘poster-boy’ of american decline and part of the problem, not the solution! …trump also said america’s become the laughingstock of the world … true enough … and trump the biggest joke … NEWS FLASH: Direct from Lost Angeles Learning Annex – Presenting mobster t_rump of new yoke, new joyzey, and now caleefornia mob fame with his continuing message for the past several years: buy real estate (and watch the values go down…..riiiiight!).
Bank sues Trump over Chicago tower loan...
Trump casino to miss interest payment...
trump’s fired (from ‘his own company’)

Gunfire Erupts Inside trump Taj Mahal Casino, 1 Dead - Second Such Incident In A Year At N.J. Mainstay Ends With Employee Killed – What else would you you expect from a mobster’s casino in mob-infested jersey!

Trump luxury resort folds, leaving buyers defrauded…litigation has commenced…send for sister maryanne, the corrupt federal judge to preside, coverup, etc., she’s in n.y./n.j./pa 3rd circuit ct appeals, understands drug money laundering/fraud and handles her own motions to recuse her and like mobster trump should be in jail  ... (see RICO Case)] earned many billions of dollars [ at whose expense ], which in a sense was both a scorecard and acknowledgment of my abilities [ to fool most of the people, all of the time. ] ." TRUMP DRAWS CHEERS, BOOS AT CONSERVATIVE CONFERENCE... PONDERING PRESIDENTIAL RUN... [Don’t make me laugh! … Donald T_rump Would Impose 25% Tax on China Imports if President [ trump also said america’s become the laughingstock of the world … true enough … and trump the biggest joke … Indeed, that trump even posits the possibility of a run when he should be in jail is a testament to just how big a laughingstock pervasively corrupt, defacto bankrupt america’s become! [ If he was mobster in chief, mobster and scoundrel trump wraps himself in populist american flag and offers up an (too little too late – typical lightweight) implausible solution to keep ‘the juice’ flowing though he’d already be in jail in a rational, non-declining nation with meaningful laws. All China has to do is dump (and not prospectively buy) their ever more and declining in value day-by-day (from dollar debasement policies) u.s. paper / bonds and overnight and the u.s. economy consequently thereby collapse. [ When you come right down to it, this has been america’s most significant export. Indeed, this irrevocable structural shift, hailed by cia men hw bush and clinton (clinton couldn’t have survived with them) by way of NAFTA as the greatest thing since sliced bread was indeed in no uncertain terms condemned and warned against by Perot, a man of honor who, unlike his opponents, could not be bought, which is the reason, in pervasively corrupt america, he could never have been elected. Interestingly, you may have noticed the good (but not great, other than the spotlight on pervasive bribery including judges, police, politicians, etc., being far too light) the film ‘The Untouchables’ getting a wide re-airing of late, purporting to be a significant part of american folklore / history / culture. However, the reality is that in america, and certainly today, the real story with impact is that of ‘The Touchables’. The reality is that Elliot Ness died a broken man; bankrupt, unable to even win election to the mayoralty of his then current hometown. He was incorruptible; and hence, in the real america, unelectable at the least if not also all but unemployable (he and his are among those few genetic anomalies in america as I’ve previously alluded to. How far america has fallen from even false perception! Pervasively corrupt, meaningfully lawless america can’t even fake it anymore. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal / judicial processes, etc., Defacto bankrupt, fraudulent america also spends more on offensive (defensive a misnomer / propaganda) military spending than all the nations of the world combined, and by a large margin at that. Do you see a pattern emerging here [ I unfortunately only belatedly did, and the feds, fed employees, cia, all 3 branches of the u.s. government, etc., are included in this evolved american trait of inherent criminality in the most nefarious sense … The pervasively corrupt american illegal system … corrupt u.s. courts / (lawyers) / judges: Their lifetime plush appointments should be abolished, which corrupt entities are unheard of in productive societies as China, Japan, etc.. Time to abolish these drags on society and eliminate their lifetime stipends and costly bureaucracies. Rules of law mean nothing to these typically corrupt americans. Most, including sam alito of the u.s. supreme court, concerning  drug money laundering and obstruction of justice in the 3^rd circuit ( also maryanne trump barry who covered-up drug money laundering through her brother’s casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it for the money, personal money, big, cash, untraceable money. The fog of war is great for such things (360 tons $100 bills flown into Iraq and missing, etc.). [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm  ]. america’s just a fraudulent and failed defacto bankrupt nation. ] “I would announce, without equivocation, a 25% tax increase on anything purchased from China.” ]

Poll: Egyptians skeptical about U.S. Egyptians have an unfavorable view of the U.S., but they are also divided over Islamic fundamentalists. (Washington Post) [ Hey! … Guess what? … americans and the rest of the world (except zionist israel, zionists, and old biddy britain) are skeptical and have an unfavorable view of america. The Economic Collapse: 24 more signs of economic decline in America…

#1 On Monday, S&P altered its outlook on U.S. government debt from “stable” to “negative” ..at the rest of the world is losing faith in the U.S. dollar and in U.S. Treasuries.

#2 China has announced reducing their holdings of U.S. dollar

#3 .. “panic dollar selling is setting in” and U.S. dollar in for a huge decline.

#4 The biggest bond fund in the world, PIMCO, is now shorting U.S. government bonds.

#5 This cruel economy is causing “ghost towns” to appear all across the United States..

#6 There are now about 7.25 million less jobs in America than when the recession began back in 2007.

#7 The average American family is having a really tough time right now.  Only 45.4% of Americans had a job during 2010.  .

#8 Only 66.8% of American men had a job last year.  That was the lowest level ever ..

#9 According to a new report from the AFL-CIO, the average CEO made 343 times more money than the average American

#10 Gas prices reached five dollars per gallon at a gas station in Washington, DC on April 19th, 2011.  .. $6 gas soon

#11 .. 12 months the average price of gasoline in the United States has gone up by about 30%.

#12 Due to rising fuel prices, American Airlines lost a staggering $436 million during the first quarter of 2011.

#13 U.S. households are now receiving more income from the U.S. governmentthan they are paying to the government in taxes.

#14 1 of 4 dollars that the U.S. government borrows goes to pay the interest on the national debt.

#15 Total home mortgage debt in the United States is now about 5 times larger than it was just 20 years ago.

#16 Total credit card debt in u.s. more than 8 times larger than 30 yrs ago.

#17 Average household debt in the United States has now reached a level of 136% of average household income.  In China, average household debt is only 17% of average household income.

#18 The average American now spends approximately 23 percent .. on food and gas.

#19 .. 74 percent of Americans said that they planned to slow down their spending in coming months

#20 59 percent u.s. receive money from the federal government ..

#21 average length of unemployment in the U.S. is now an all-time record 39 weeks.

#22 As the economy continues to collapse, frustration ..“random acts of violence”…

#23 Some Americans have become so desperate for cash that they are literallypopping the gold teeth right out of their mouths and selling them to pawn shops.

#24 ..u.s. people have been gobbling up larger and larger amounts of antidepressants and other prescription drugs.  ..’ ]

Attorney General Holder defends his tenure (Washington Post) [ Defending the indefensible! Yes … there is no defending this ag … He should step down, forced to resign … Obama faces fundraising test in California (Washington Post) [ Test? You mean intelligence test for those Californians? A cliché, aphorism is apposite: ‘Fool me once, shame on you. Fool me twice, shame on me’. Now frauds on wall street got value for their bribes; viz., no prosecution of their continuing nation-destroying frauds, yet cleaning up the frauds with prosecutions was the presumption upon which their support was predicated , at least in part. Certainly Hollywood spoke with their academy award for ‘Inside Job’ . Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billiions from the fraud ), the commentator / experts recommend getting rid of the corrupt eric holder ( what do holder and wobama have in common … wall street money? … a proclivity for jive-talking / b*** s*** ?...all/some of the above … or is it something else ... . UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown. ]

Chernobyl, 25 years later (Washington Post) Following the nuclear disaster in Japan, the Chernobyl accident has a particular importance. Japan declares evacuation zone near nuclear plant (Washington Post) [ Wow! Sounds like a plan! … From the beginning, as I’ve written on my website, I’ve thought the catastrophic nature and impact of this disaster to have been underreported at the least … the Japanese uncharacteristically have adopted somewhat of a ‘if wishing could make it so’ tact in this sad crisis. Cesium 137 Threat Grows While Corporate Media Remains Mute The hereditary communist dictatorship in North Korea reports on the spread of radiation from the Fukushima nuclear plant, but it has all but fallen off the corporate media radar screen here. Monitoring stations across North Korea from April 11 to 17 detected iodine-131 and cesium-137 in the air above Wonsan in the southeast and Chongjin in the southeast, according to the country’s state-run media. According to the Los Angeles Times, seawater near the Fukushima nuclear complex was recently found to contain “iodine-131 at 7.5 million times the legal limit”. Something Odd Is Happening at Reactor Number 4 The operator of the troubled Fukushima Daiichi nuclear power plant is carefully monitoring the situation at the Number 4 spent fuel pool, where the water temperature is rising despite increased injections of cooling water. Helen Caldicott Talks About the Horror of Fukushima Australian physician, author, and anti-nuclear advocate Helen Caldicott talks about the Fukushima nuclear catastrophe and what we can expect. It ain’t pretty. Busby: ‘Can’t seal Fukushima like Chernobyl – it all goes into sea’ As world marks the Chernobyl anniversary, many say that the world has failed to learn the lessons on nuclear safety that the tragedy provided. RT talks to Professor Christopher Busby, Scientific secretary of the European Committee on radiation risks, for a little more insight on 21st century’s most serious nuclear crisis at Fukushima. Assassinate Qaddafi? Tyrants Beware – What Goes Around Might Come Around Lindsey Graham and John McCain, both of the meddling International Republican Institute implicated in funding and fueling the “Arab Spring” to begin with, have called for the assassination of Libya’s Qaddafi and members of his inner circle. The London Telegraph also reported that Foreign Secretary William Hague refused to rule out using US drones to assassinate Qaddafi. TEPCO finds radioactive concrete emitting 900,000 microsieverts per hour of nuclear radiation The operator of the damaged Fukushima Daiichi nuclear power plant says that concrete debris emitting a high level of radiation has been found near the Number 3 reactor.

States face shortfall for retirees (Washington Post) Public workers’ retirement funds had a gap of $1.26 trillion at the end of fiscal 2009, a report says.

Study: Affordable rentals scarce (Washington Post) Share of renters who spend more than half their income on housing is at its highest level in half a century.

Poll: For Obama, low marks on Afghan war (Washington Post) More Americans disapprove of President Obama’s management of the war in Afghanistan than support it, according to a new Washington Post-ABC News poll, a finding that reflects the public’s broader concern over the course of the nearly decade-old conflict.

Fuel prices cut into Obama popularity (Washington Post) As gas prices bite into household incomes, Obama’s support takes a hit, according to new poll. The high fuel price dynamic is the slow / now faster motion, long predicted hyperinflationary consequence of failed fed, administration, congressional economic / financial / fiscal policy that essentially has been interposed for the (short-term particularly) benefit of the frauds on wall street (The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast turmoil to obfuscate their failure. Dave's Daily 'If you can keep interest rates this low this long, its inevitable cheap financing can allow companies to start cobbling each other up. Further Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares and pay dividends with what essentially is taxpayer money-- … an especially great opportunity to sell / take profits while you still can since there's much worse to come! America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In May Is Very Good Advice This Year Harding / April Is a Good Time to Sell Adler Equity Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s Dr. Robert Shiller, the market is now 41% overvalued …only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Davis ) Return of Inflation: 5 Worrying Signs From Friday's NY Times

Return of Inflation: 5 Worrying Signs From Friday's NY Times

Index Fund Rip-Off? Bartalos ‘Would you pay $5 for something that costs $1? Not if you could help it. However, that’s precisely what many investors are doing.

American Stock Ownership Declines

24 Signs Of Economic Decline In America ‘The United States is in the middle of a devastating long-term economic decline and it is getting really hard to deny it. Over the past year I have included literally thousands of depressing statistics in my articles about the U.S. economy. The Economic Collapse April 23, 2011

The United States is in the middle of a devastating long-term economic decline and it is getting really hard to deny it.  Over the past year I have included literally thousands of depressing statistics in my articles about the U.S. economy… the U.S. economy is in deep decline and is dying a little bit more every single day… 

With Barbour now out, new questions for GOP (Washington Post) THE TAKE | Decision sets off scramble for parts of his financial and political network and raises questions about challenges party faces in unseating Obama.

Poll: For Obama, low marks on Afghan war (Washington Post) [ If only ‘wobama the b’ (for b*** s***) had been a man of his word and stopped these nation-bankrupting, murderous wars. ]

Drudgereport: TRUMP: Obama Not Worthy of Ivy Leagues... [ Talk about the pot calling the kettle black … trump’s b.s., low grade (penn) ivy league (courtesy of papa mobster trump who ‘twisted his arm to go’ so people would take him ‘seriously’ – papa mobster trump would pound the undistinguished academically / athletically, Donald with the mantra, ‘you’re a killer, you’re a king’ in film noir melodramatic fashion which proved too much for the more balanced and ‘chosen / favored’ elder brother trump who committed suicide. The old man also required trump to go to prep / military / boarding school where according to a classmate, Ted Levine, trump used to wet / pee in his bed. ) vegetable garden in the same manner as dumbya bush … mobster trump and people like trump are part of the problem (total b*** s***, fraud, etc., as in his home turf, mob-infested sinkholes, jersey / new york), not the solution. Indeed, trump is an interesting mental case in that he evolved from narcissist (those inflated grandiose moods coupled with feelings of inferiority – he loved to obsessively read those hitler speeches for inspiration and to pump himself up according to Ivana Trump) to severe case of antisocial personality disorder [ predatory disregard for and violation of the rights of others – hence, those sophomoric soundbite solutions to complex problems as, ie., taking oil fields(Libya), 25% tariff on Chinese (actually including american goods made in China), drug money laundering in his casinos, bribery, etc. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]

In a rational nation that wasn’t in decline as pervasively corrupt, defacto bankrupt america, trump and sister Maryanne would both be in prison.

'Terrible student,' not good enough for Harvard... Biden daughter trashes Trump...
Bill Cosby slams: 'He's full of it!'...
Trump Takes On NYT, Gail Collins...
Admires her for surviving 'so long with so little talent'...
NBCWSJ POLL SHOCK: TRUMP #2 GOP [ NBC where t_rump has his Jerry Springer derivative shock-jock show and sinkhole new york's fraud street journal … poll? … Don't make me laugh … Lawrence O'Donnell insists parent company NBC consider firing Donald Trump Daily Caller ... Milbank: Donald trumps CPAC | Gibbs gone (Washington Post) [ Trump’s a loser, dressed up and propped up by and to shill for a declining, fallen nation in the most corrupt regions (ie., new york, jersey, etc.) of the country (every fallen nation has such)…

Financial Folklore: Tales from Wall Street to Main Street DeLegge April 22, 2011 SAN DIEGO (ETFguide.com) – ‘Throughout the ages, financial folklore has been handed down from one generation to the next as so-called wisdom. And our generation has been brainwashed with its fair share of folklore.

Let's consider some examples.

'Buying a home is the best investment anyone can make.'

The pummeled housing market should have put this particular fairy tale to rest, but there are a few holdouts that haven't gotten the message.

People, for example, that bought their home decades ago are often cited as proof that buying a home is still the 'best investment anywhere.' But before we count their profits, don't forget to deduct their insurance premiums, the cost of home maintenance, improvements and property taxes. Including these real life expenses into the equations portrays a far more realistic picture about the true investment value of home ownership. It's not as good of a deal as you've been sold.

But the real test of truthfulness behind this is to ask anyone that's purchased a home or condominium within the past 10 years. Ask them how profitable their foray into housing market has been and they'll tell you.  

'Max out your 401(k) plan.'

Overstuffing your 401(k) plan with lots of money - is a good savings habits - but won't necessarily help you you're your investments more profitable. Why? It's because most 401(k) plans offer a diverse menu of rigged investment choices with unnecessarily high fees. It's the mutual fund industry's best kept secret. 

What about the wonderful benefits of tax free growth and employer matches? Unfortunately, these 401(k) features are undermined by consistent underperformance by mutual fund managers, poor asset allocation decisions by plan members and compounding fees.

Unless low cost index funds and ETFs are investment choices inside your 401(k) plan, overstuffing your 401(k) retirement plan with bloated contributions is probably not a good idea. 

'Only invest in funds with managers that have a good track record.'

There are countless examples of how this piece of advice has been proven false more times than true. But since we don't have countless time or space, let's consider just one recent example - Philip Jabre.

Jabre is one of Europe's best known hedge fund managers and after posting a tranquil 3% gain during 2008's financial crisis, he followed it up with a handsome 46% gain in 2009. Surely investing money with Jabre - a seasoned professional with an impressive track record - was the smart thing to do, right?

In March, Jabre bought Japanese stocks (NYSEArca: EWJ - News) on news of the earthquake but got clobbered when the Nikkei Stock Average tumbled. Instead of staying calm, Jabre panicked and sold his shares before Japanese stocks bounced back, which netted his firm $300 million in losses. Hardly anyone could've foreseen this sort of meltdown from a guy with an amazing track record!

For anyone confiding in the false comfort of past performance, beware!

'Buy whatever Warren Buffett is buying.'

In the 1960s and 70s, youthful groupies would follow their favorite musical bands from city to city. Today, these same folks have graduated to following the financial moves made by investing legends like Warren Buffett. Are there guaranteed profits for those who ape the 'big money?'

Reuters looked at five recent acquisitions made by Warren Buffett's Berkshire Hathaway (NYSE: BRK-A - News) to test out this theory.

Someone who bought 100,000 shares in stock in each of Berkshire's acquisition targets 70 days before Buffett announced a deal, would have made money in just three out of five tries. Not bad, but hardly a sure thing.

In this simplified case study conducted by Reuters, the reward for aping Warren Buffett's past five deals - or should we say, beating him to each deal by 70 days - was a complete wash. The profitable trades amounted to a gain of $3.256 million whereas the losses were $3.268 million. 

So much for the false theory that copying financial titans delivers market beating results.’  

Apprehension ahead of Moqtada al-Sadr speech (Washington Post) [ What is he expected to say?: Thank you america for bombing, invading, and destroying his nation based on a lie? Thank you america for killing, maiming innocent children, women, and men? Thank you america for all the depleted uranium you’ve left behind? Thank you america for removing your america-supported mad-dog tyrant sadam hussein who foolishly played into his cia handlers’ trap regarding that green light for Kuwait invasion over the slant-drilling by the latter from April Glasspie. I don’t think so, and I don’t think the rest of the world nor his fellow Iraqis think so. ] Lawmakers across Iraq's political and ethnic spectrums wait for word from anti-American Shiite cleric Moqtada al-Sadr, saying his first address after returning from nearly four years of self-imposed exile in Iran would likely say a lot about his approach to Iraq's government.

Insurer claims it was misled by Goldman Sachs on investment (Washington Post) [ Talk about understatements. After all, who hasn’t been misled by goldmen sachs and fraudulent wall street generally, on investments. Don’t forget, the worthless toxic paper commissioned and cashed out by wall street is still out there in the trillions now marked to anything. ] One of Goldman's clients says it has sued the bank seeking $120 million in damages.

Milbank: Getting creative with the Constitution (Washington Post) [ Constitution? Versions? Meaningful laws? Why, this is almost analogous or akin to the late idi amin reading the Ugandan constitution (1995) from his grave, certainly in terms of folly! ]Constitutionalism (WP) [ Come on! Constitution … meaningful american law … Don’t make me laugh! Wake up from the deep american sleep! Going through the motions, flag pins, etc., ad nauseum, like a bunch of zombies! ] Krauthammer: It's a promising step to a conservative future. Wash Post Staffer: Constitution Impossible to Understand Because It’s Over 100 Years Old [ In a meaningfully lawless society as pervasively corrupt, defacto bankrupt america, constitution / laws have become irrelevant in application and effect. After all, even zimbabwe has a constitution / laws, but I dare say no one would suggest they have any practical effect in reality, as is also so in america. I therefore believe Mr. Klein is correct but for reasons other than age and malleability. Indeed, anyone who has written a legal brief and researched law in support thereof, ultimately realizes that almost invariably one can find some case / law in support of almost any position. In america today, it’s the bribe, one way or another, that carries the day and makes the difference. Ask sam alito et als. That’s just the way it is in a declining, fallen society as america, zimbawe, etc.. That’s certainly my direct, sworn experience with these corrupt courts constituting (in large part along with the other 3 branches) pervasively corrupt, defacto bankrupt america’s illegal system. Senate convicts Clinton-appointed judge... [ Come on! One way or another they’re almost all getting bribed; including the initial lifetime appointment as alito, trump-barry, etc.. Abolish the corrupt, costly, economically wasteful lifetime extravagantly appointed federal courts (see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) End those lifetime licenses to steal. ] In earlier hearings, two attorneys who once worked with Porteous had testified that they gave him thousands of dollars in cash, including about $2,000 stuffed in an envelope in 1999, just before Porteous decided a major civil case in their client's favor. ] Breitbart | On word that the House will open its next session with a first-ever reading of the U.S. Constitution, blogger Ezra Klein suggests that the Constitution is irrelevant due to its age and politically-malleable language. ]Eight key economic decisions of the Obama presidency all point in one direction.

Oh come on! Watch for the fake jobs report from the ever more desperate, pervasively corrupt, incompetent, failed, defacto bankrupt u.s. government (all 3 branches)! Who can believe anything they say? … Drudgereport: WObama the b for b*** s*** calls Gibbs $174,000 salary 'relatively modest' ( Come on! In pervasively corrupt, defacto bankrupt america, government jobs for the otherwise unemployable at those levels are over-priced and over-valued, as are other so-called executive jobs, ie., fraudulent wall street, etc.. Look at their results! )... …[video] ADP Data Still Fighting For Credibility [ Come on! Pervasively mob infested, corrupt jersey based ADP? There’s nothin’ left in desperation for those b.s. / b.e.(bad economics/finance) talking points and action to froth the market for the frauds on wall street. This is an especially great opportunity to sell / take profits because there’s nothin’ there, beyond the smoke and mirrors. This market’s way over-bought and way over-valued! ] NEW YORK (TheStreet) -- Alan Valdes of DME Securities says the market focused on the job revision data as ADP is still viewed with skepticism.

1 in 6 Americans Live in Poverty Tradermark ‘One of the biggest mega trends happening in America is the bifurcation of society between the haves and the have nots. Many of the jobs the 'underclass' once did are gone forever, while others spent freely when times were good, and when the tide turned, have little buffer. [Dec 8, 2007: Do the Bottom 80% of Americans Stand a Chance?] After all, saving for a rainy day is what boring people do. Others really never got off the ground, as the K-12 education system has degraded dramatically the past few decades.Frankly the underlying trend - as bad as it is on the surface - has been hidden by multiple bubbles, and most recently, there has been a level of government assistance never seen before. [Nov 5, 2010: USA Today - Anti-Poverty Programs Surpass Cost of Medicare] In terms of government spending. This brings up a host of issues as any changes to the social safety net are going to send millions past GO and directly to impoverished status (and yes there are people gaming the system, but not tens of millions). There are myriad societal effects of the transformation of America from a relative egalitarian society in the 1960s to a 2 or 3 class system - but those are topics for other posts we have done.The official U.S. government tally of who is living in poverty is a joke. We last looked at it about 16 months ago [Sep 19, 2009: US Poverty Rises to 11 Year High - But Still Vastly Understated] For example, if you make $23,000 for a family of 4 - you are not in poverty. If you are single and make $14,000 you are not in poverty. I'm not sure in what counties except for rural Mississippi you can accomplish that cost of living, but apparently the government believes a middle class lifestyle is available at $25K for a family of 4 in all of America. Or at least it would be inconvenient to admit otherwise. And yes once more let me put the caveat that being "poor" in America is different than being poor in Malawi, but in theory we should be comparing ourselves to other first world countries.The AP has an interesting report of a new measure of poverty in the U.S., based on the census. It has a different band of parameters and shows an increase over the government's incredibly generous definition of poverty. What is striking is the large increase in those in the over 65+ camp who fall into poverty. Due to our consumption culture (encouraged by the government at every turn, since we've transformed our economy from good producing to services and consumption) many are entering the golden years with little to nothing.Where once many had their mortgage paid off by the time they retired and hence could live on a much lower income as their largest expense was eliminated, now after a generation of serial refinancing and cash out to finance buying 'what we deserve', many still have the mortgage to worry about even at age 70+. There are many other factors we've discussed often - i.e. the move from pensions to do it yourself savings in a country where saving is a sin and spending is worshiped, the disaster that is the 401k system, etc. Unlike the mortgage crisis which is playing out in a relative short period of time (6-8 years), this grand economic experiment of running an economy on consumption & services (you do my nails, I'll cut your hair, you serve me a beer, I'll cut your lawn, you build a house, I'll default on it) is taking decades to play out. But we're starting to see the first wave of results the past 5-10 years, and it's not pretty.Bigger picture, there are enormous stresses being formed at the bottom end of the society, and more and more are being caught in the net. Anyone who truly believes there will be any serious spending cuts at the federal level does not realize the (increasing) dependency that has been created by the a multitude of poor decisions over the past few decades. Indeed we fast approach the time when 1 in every 5 dollars of "income" are government transfers. [May 25, 2010: 1 in 5.5 Dollars of American Income Now Via Government; All time High] At this point, the genie is out of the bottle and with a dysfunctional government whose only solution is layer on more debt to kick the can down the road, our modern day plutonomy only grows in power. [Sep 7, 2009: Citigroup - America; A Modern Day Plutonomy] However, there appears nothing to be worried about since we've been well trained to parrot the fact that as long as the S&P 500 only goes up, everything in America is fine. Nothing to see here, move along (buy stocks as you are moving of course).
Via AP

• The number of poor people in the U.S. is millions higher than previously known, with 1 in 6 Americans -- many of them 65 and older -- struggling in poverty due to rising medical care and other costs, according to preliminary census figures released Wednesday.
• At the same time, government aid programs such as tax credits and food stamps kept many people out of poverty, helping to ensure the poverty rate did not balloon even higher during the recession in 2009, President Barack Obama's first year in office.
• Under a new revised census formula, overall poverty in 2009 stood at 15.7 percent, or 47.8 million people. That's compared to the official 2009 rate of 14.3 percent, or 43.6 million, that was reported by the Census Bureau last September.
• Across all demographic groups, Americans 65 and older sustained the largest increases in poverty under the revised formula -- nearly doubling to 16.1 percent. As a whole, working-age adults 18-64 also saw increases in poverty, as well as whites and Hispanics. Children, blacks and unmarried couples were less likely to be considered poor under the new measure.
• The new measure will not replace the official poverty rate but will be published alongside the traditional figure this fall as a "supplement" for federal agencies and state governments to determine anti-poverty policies. Economists have long criticized the official poverty measure as inadequate because it only includes pretax cash income and does not account for medical, transportation and work expenses. (much like inflation, as long as you don't eat, use energy, pay for healthcare, or have kids in college - you are fine. For poverty as long as you don't go to the doctor, need to drive to work, need daycare, or wear clothes at work - your income is sufficient)
• "Under the new measure, we can clearly see the effects of our government policies," said Kathleen Short, a Census Bureau research economist who calculated the revised poverty numbers. "When you're accounting for in-kind benefits and tax credits, you're bringing many people in extreme poverty off the very bottom."
• The official measure is based on a 1955 cost of an emergency food diet and does not factor in other living costs. (that is perverse) Nor does it consider non-cash government aid when calculating income, which surged higher in 2009 during the recession.
• The effect was seen most notably among older Americans. Under the official poverty rate, about 8.9 percent lived in poverty, mostly because they benefit from Social Security cash payments. But when taking into account out-of-pocket medical expenses and other factors, that number rises to 16.1 percent.
• Among the findings:
  --Without the earned income tax credit, the poverty rate under the revised formula would jump from 15.7 percent to 17.7 percent.
• --The absence of food stamps separately would increase the poverty rate to 17.2 percent.
  --Taking into account millions of uninsured people in the U.S. had little effect in increasing poverty, mostly because those without insurance tend to forgo medical care rather than find ways to pay for it.

[Feb 20, 2009: NYT - Newly Poor Swell Lines @ Food Banks Nationwide]

[Oct 22, 2010: Reuters - The Haves, the Have Nots, and the Dreamless Dead]

[Sep 3, 2010: FT.com - The Crisis in Middle America]
[July 26, 2010: [Video] DatelineNBC - America's Increasing Ranks of Poor]

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:

• “I believe gasoline must approach $4 per gallon before having a sizable impact on other parts of the economy.”
• “Higher inflation equals a real tax on investors. It could be a drag on the economy, but the economy will still grow.”
• “I’m worried, but I think the recovery can still proceed, especially if Congress provides some direction for job growth.”
• “I’m not too worried. Higher gas prices will be a slight drag, but not sufficient to significantly slow down the economy.”
• I’m somewhat worried; higher fuel prices may slow the economy some, but they may also help the environment.”

This week’s sentiment survey results:

• Bullish: 55.9%, up 4.3 percentage points
• Neutral: 25.9%, down 2.5 percentage points
• Bearish: 18.3%, down 1.8 percentage points

Historical Averages:

• Bullish: 39%
• Neutral: 31%
• Bearish: 30%

The AAII Sentiment Survey has been conducted weekly since July 1987 and asks AAII members whether they think stock prices will rise, remain essentially flat, or fall over the next six months. The survey period runs from Thursday (12:01 a.m.) to Wednesday (11:59 p.m.). The survey and its results are available online.’

Less Than 35% of All Stocks Are Undervalued Suttmeier ‘ValuEngine now shows that only 34.6% of more than 5,000 stocks are undervalued with 65.4% overvalued. A reading below 35% may persist for a while, but typically the stock market tops out when less than 35% of all stocks are undervalued. Fifteen of 16 sectors are overvalued by 8.6% for Consumer Discretionary to 33.1% for Basic Industries. Medical is the undervalued sector, but only by 1.4%. The major equity averages are extremely overbought on both daily and weekly charts. The missing ingredient for a top is the lack of nearby risky levels for the major averages. The major equity averages straddle quarterly value levels, pivots and risky levels favoring a reversal-oriented first quarter – 11,395 Dow, 1162.5 SPX, 2853 NASDAQ, 4671 Transports and 765.50 Russell 2000. The rise in the 30-year yield above 4.5% is a major drag on equity valuations. With stock market complacency as high as it is, Comex gold closed below its 50-day simple moving average at 1380.6 for the first time since August 11. Nymex crude oil is above this week’s pivot at $88.50. The euro is between its 200-day at 1.3080 and its 50-day at 1.3422, approaching a test of the 200-day. The Dow is well above my annual pivot at 11,491 without a nearby risky level as the MOJO run continues. Valuations are stretched with only 16.1% of all stocks undervalued by at least 20%, whereas 33.0% of all stocks are overvalued by more than 20%.[chart](Click to enlarge)

It is difficult to find stocks to add to the ValuTrader Model Portfolio as only 76 stocks are rated STRONG BUY or BUY with a market cap of at least five billion and average daily trading volume of 500,000 shares or more, and projected to gain at least 7.5% over the next twelve months. There are twelve stocks in the model portfolio.

Key Levels From My Proprietary Analytics

10-year Note – (3.483) Weekly, annual and semiannual value levels are 3.714, 3.791 and 4.268 with a daily risky level at 3.371. Annual, semiannual and monthly risky levels are 2.690, 2.441, 2.322 and 2.150.

Comex Gold – ($1373.7) Annual, semiannual and annual value levels are $1356.5, $1300.6 and $1187.2 with a weekly pivot at $1380.0. Daily, monthly, quarterly and semiannual risky levels are $1412.74, $1439.0, $1441.7 and $1452.6.

Nymex Crude Oil – ($90.30) Semiannual and monthly value levels are $87.52 and $75.74 with a weekly pivot at $88.50. Annual, semiannual and quarterly risky levels are $99.91, $101.92, $107.14 and $110.87.

The euro – (1.3149) Monthly and weekly value levels are 1.2805 and 1.2703 with quarterly and daily pivots at 1.3227 and 1.3358, and semiannual and annual risky levels at 1.4624, 1.4989, 1.6367 and 1.7312.

Daily Dow: (11,723) Annual, quarterly, weekly, semiannual, monthly and semiannual value levels are 11,491, 11,395, 11,334, 10,959, 10,427 and 9,449 with a daily pivot at 11,687, and annual risky level at 13,890.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.’

Retailers hold down stocks ahead of jobs data (Reuters) - Stocks slipped on Thursday as soft retail sales and a sharp rise in the dollar left investors edgy a day before December's U.S. employment report.

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

Fed May Keep Easing at ‘Full Throttle’ Until Decline in Unemployment Rate Bloomberg | Federal Reserve officials signaled they’ll probably push ahead with unprecedented stimulus until the recovery strengthens and many of the 15 million unemployed Americans find work.

Why Are Taxpayers Subsidizing Facebook, and the Next Bubble? The New York Times | Is another bubble being formed by ‘too big to fail’ Goldman-Sach’s valuation of FaceBook?

Record high food prices stoke fears for economy Reuters | Record high food prices are moving to the top of policymaker agendas, driven by fears they could stoke inflation, protectionism and unrest and dent consumer demand in key emerging economies.

Alex Jones: DEA uses drug war to spy worldwide [ Well, I don’t know about the spying, but the DEA certainly isn’t serious about putting a real dent the illegal drug trade inasmuch as they’re hands off the connected u.s. government connected illegal drug ops, ie., cia, etc., (see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) http://albertpeia.com/FBIAgentAffidavit11.jpg http://albertpeia.com/CIAAgentAffidavit1.jpg ] Russia Today | The United States government allegedly infused drugs into our inner cities in order to keep minorities down and destabilize world governments.

Drudgereport: Congresswoman calls Afghanistan 'national embarrassment'...
'Epic failure'... Rep. Lynn Woolsey (D-CA) talks about the "disastrous" war that is Afghanistan. "This war represents an epic failure, a national embarrassment and a moral blight," Rep. Woolsey said. [ But more than that, this war is a blowback-creating, self-perpetuating, self-destructive, self-defeating, colossally expensive debacle benefiting only the war profiteers / lobbies and attendant frauds while diverting attention from the more ’mundane’ tasks of governance of a failing, pervasively corrupt, defacto bankrupt nation, viz., america. ]
PENTAGON BUDGET SLASH [ Riiiiight! … What’s $80 billion on a trillion dollar tab especially with those off-budget special items whenever they so choose. ]: OBAMA TO CUT TROOPS ON ACTIVE DUTY
FEDS BREAK GROUND ON SUPER SPY CENTER (Riiiiight! More spending on those ultra-efficient super-spies, ie., Iraq on a lie, illegal drug ops, 9-11 NORAD ordered to stand down, etc., though u.s. defacto bankrupt)...
New Miami Police peeping drone may be first in country; ACLU approves...
Man Arrested for Having 'Suspicious' Bagel on Plane...
Ex-CIA officer charged with leak to NYT reporter...
Packages Cause 'Flash Explosions' At 2 State Gov't Buildings in MD...
One addressed to Gov...
US Treasury asks Congress to lift debt ceiling...
Obama calls Gibbs $174,000 salary 'relatively modest' ( Come on! In pervasively corrupt, defacto bankrupt america, government jobs for the otherwise unemployable at those levels are over-priced and over-valued, as are other so-called executive jobs, ie., fraudulent wall street, etc.. Look at their results! )...

As euro zone expands, tension remains between weak, strong (Washington Post) [ Sounds like a scenario analogous to that in the USSAD, united soviet states of american disunity. After all, how can you justify fraudulent (ie., wall street, etc.) national sinkholes as mob corrupted new york, mob-infested, pervasively corrupt jersey, etc..] German deficit hawks gained an ally Saturday when Estonia became the 17th member of the euro zone.

U.N. group warns of possible food crisis (Washington Post) [ Possible? How ‘bout it’s already begun and hence, inevitable particularly since worldwide with few exceptions in looking to the u.s. as analogous to the self-destructive compulsion of an addict or drunk they’ve jumped on the american crazy train, from perpetual wars, to profligate spending, to over-printing of fiat paper currencies, to mark to anything burial and cover-up and no-pros of fraudulent paper schemes of the fraudulent wall street ilk / variety, etc. ] The Food and Agricultural Organization said Wednesday that the world faces a "food price shock" after the agency's benchmark index of farm commodities prices shot up last month.

IRS ombudsman: Heavy hand isn't working (Washington Post) [ Heavy hand, indeed; but in reality, a weak one at that BECAUSE, you can’t pay what you don’t have … then again, many people are wondering just what they’re paying for in these admittedly hard times; viz., perpetual and protracted wars, bailouts for the opulent frauds on wall street, profligate spending, rich plushly accoutered federal jobs for slugs of different stripes and failed performance, etc.. ] By making it harder for taxpayers to get back on their feet, the IRS might actually reduce long-term tax collections, an in-house report says.

Fed will be in watch mode (Washington Post) [ Riiiiight! … That eternally vigilant friend only of fraudulent wall street fed … ‘watch’ … as in boob tube? How the (‘no recession’ as per fed) recession (ongoing and great as in depression) imploded states' finances see infra) After a tumultuous 2010, what's on tap for Ben S. Bernanke and the Federal Reserve in 2011?

Fed's bond-buying strategy looks likely to run its course (Washington Post) [ Neither rain, nor sleet, but only depletion of trees for current and prospective fiat paper currency printing can keep the no-recession-fed from their wall street obsessive market-frothing rounds (which will end quite badly … as such always has … and always will). ] Federal Reserve officials appear unlikely to stop their controversial strategy of buying Treasury bonds.

Agency extends Afghan food-supply contract for firm that hired former director (Washington Post) [ Almost, but not quite as bad as what I experienced with the pervasively corrupt american illegal system:

• Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.
• Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one mob case he had brought, bungled, lost (accidently on purpose?) since I was suing some mob-connected under RICO and the court (I had known / previously met outside of court the judge Ackerman through a client) was absolute bedlam and a total joke since incompetent corrupt Alito brought in all 20 mob defendants (rather than prosecute one or a few to flip them first) who feigning illness had beds/cots in the courtroom along with their moans during testimony and had the jury in stitches. As much as I hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3^rd circuit, despite the absence of judicial experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now sits on the purported highest court in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.

October 15, 2010 (*see infra)

Steven M. Martinez, Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700

Los Angeles, CA 90024

Dear Sir:

I enclose herewith 3 copies of the within DVD rom autorun disk (which will open in your computer’s browser) as per your office’s request as made this day (the disk and contents have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer to prevent viral attacks / infection and are without threat). I also include 1 copy of the DVD as filed with the subject court as referenced therein (which files are also included on the aforesaid 3 disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act is a criminal statute which provides a civil remedy, including treble damages and attorney fees, as an incentive for private prosecution of said claims probably owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such assistance given the seriousness and prevalence of said violations of law which have a corrupting influence on the process, and which corruption is pervasive). A grievance complaint against Coan was also filed concurrently with the subject action and held in abeyance pending resolution of the action which was illegally dismissed without any supporting law and in contravention of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District Connecticut. The files below the horizontal rule are the referenced documents as filed. (Owing to the damage to the financial interests of both the U.S. and the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False Claims Act probably would apply and I would absent resolution seek to refer the within to a firm with expertise in that area of the law with which I am not familiar).

The document in 5 pages under penalty of perjury I was asked to forward to the FBI office in New Haven is probably the best and most concise summary of the case RICO Summary to FBI Under Penalty of Perjury at Their Request (5 pages) [ ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].

The correspondence I received from the Congresswoman by way of email attachment (apparent but typical problem with my mail) along with my response thereto is included on the 3 disks as fbicorrespondencereyes.htm . With regard to the calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA office and I was referred to the Long Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the money laundering which he confirmed as indicative of same (he was transferred from said office within approximately a month of said meeting and his location was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron Barndollar and we remained in touch for in excess of a decade until he abruptly retired (our last conversation prior to his retirement related to the case and parenthetically, Rudy Giuliani whose father I stated had been an enforcer for the mob to which he registered disbelief and requested I prove it, which I did – he served 12 years in prison, aggravated assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew Maloney’s the one that prosecuted gotti).

In contradistinction to the statement in said correspondence, there is a plethora of information including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set forth in the case, inter alia,

7. 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..
8. 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.
9. 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 ]
10. 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 ]
11. 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.
12. 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, 3^rd 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. 5^th Street, #404

Los Angeles, CA 90013

(213) 219-**** (cell phone)

(213) 622-3745 (listed land line but there are unresolved problems with the line, computer connection may be the reason but I hesitate to chance greater non-performance / worsening by their ‘fix’ so cell phone best for contact).

----------

*The foregoing and as indicated therein was previously send 9-14-10 but delivery confirmation was flawed as set forth below and my inquiries to the u.s. postal service rebuffed (I believe tampered with inasmuch as your office could not locate same). This cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the subject files for ease of reference, including the files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates once again that your office has not received the aforesaid and which can reasonably be presumed to have been tampered with, and hence, a violation of the federal statute concerning same. ]

Protection bureau to hire general's wife (Washington Post) [ Wow! Sounds like a plan! Talk about insiders and concentrations of power. After all, would you argue with anything sweet Holly Polly Petraeus proffered with the full weight of the military behind her. Somehow, though I’m not goin’ to talk ‘bout smell tests here (you know, that ‘weight of the military thing’), there seems to be something amiss, not quite right here, ‘cause what and why Hollywood do this or that …’ ] Holly Petraeus will lead Consumer Financial Protection Bureau's Office for Service Member Affairs.

Regional unemployment edges down in November (Washington Post) [ No surprise there with the layer upon layer of bureaucracy, including the alphabet soup kitchens, viz., cia, nsa, dod, doj, etc., whose ranks can include loads of temps, gophers, waiters, ‘runners’, (you know, make-shift / make-work jobs, etc., to froth numbers, despite the nation’s defacto bankruptcy and reality beyond the bubble.

Jobless Recovery?: 25 Unemployment Statistics That Are Almost Too Depressing To Read ‘… Unemployment is up again! That’s right – even though Wall Street is swimming in cash and the Obama administration is declaring that “the recession is over”, the U.S. unemployment rate has gone even higher. So are you enjoying the jobless recovery? Economic Collapse Blog Dec 4, 2010 ‘Guess what?  Unemployment is up again!  That’s right – even though Wall Street is swimming in cash and the Obama administration is declaring that “the recession is over”, the U.S. unemployment rate has gone even higher ... Times are really, really tough and unfortunately the long-term outlook is very bleak.  We should have compassion on those who are out of work right now, because soon many of us may join them.

The following are 25 unemployment statistics that are almost too depressing to read….

#1 According to the Bureau of Labor Statistics, the U.S. unemployment rate for November was 9.8 percent.  This was up from 9.6 percent in October, and it continues a trend of depressingly high unemployment rates.  The official unemployment number has been at 9.5 percent or higher for well over a year at this point.

#2 In November 2006, the “official” U.S. unemployment rate was just 4.5 percent.

#3 Most economists had been expecting the U.S. economy to add about 150,000 jobs in November.  Instead, it only added 39,000.

#4 In the United States today, there are over 15 million people who are “officially” considered to be unemployed for statistical purposes.  But everyone knows that the “real” number is even much larger than that.

#5 As 2007 began, there were just over 1 million Americans that had been unemployed for half a year or longer.  Today, there are over 6 million Americans that have been unemployed for half a year or longer.

#6 The number of “persons not in the labor force” in the United States recently set another new all-time record.

#7 It now takes the average unemployed American over 33 weeks to find a job.

#8 When you throw in “discouraged workers” and “underemployed workers”, the “real” unemployment rate in the state of California is actually about 22 percent.

#9 In America today there are not nearly enough jobs for everyone.  In fact, there are now approximately 5 unemployed Americans for every single job opening.

#10 According to The New York Times, Americans that have been unemployed for five weeks or less are three times more likely to find a new job in the coming month than Americans that have been unemployed for over a year.

#11 The U.S. economy would need to create 235,120 new jobs a month to get the unemployment rate down to pre-recession levels by 2016.  Does anyone think that there is even a prayer that is going to happen?

#12 There are 9 million Americans that are working part-time for “economic reasons”.  In other words, those Americans would gladly take full-time jobs if they could get them, but all they have been able to find is part-time work.

#13 In 2009, total wages, median wages, and average wages all declined in the United States.

#14 As of the end of 2009, less than 12 million Americans worked in manufacturing.  The last time that less than 12 million Americans were employed in manufacturing was in 1941.

#15 The United States has lost at least 7.5 million jobs since the recession began.

#16 Today, only about 40 percent of Ford Motor Company’s 178,000 workers are employed in North America, and a big percentage of those jobs are in Canada and Mexico.

#17 In 1959, manufacturing represented 28 percent of U.S. economic output.  In 2008, it represented 11.5 percent.

#18 Earlier this year, one poll found that 28% of all American households had at least one member that was looking for a full-time job.

#19 In the United States today, over 18,000 parking lot attendants have college degrees.

#20 The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000.

#21 As the employment situation continues to stagnate, millions of American families have decided to cut back on things such as insurance coverage.  For example, the percentage of American households that have life insurance coverage is at its lowest level in 50 years.

#22 Unless Congress acts, and there is no indication that is going to happen, approximately 2 million Americans will stop receiving unemployment checks over the next couple of months.

#23 A poll that was released by the Pew Research Center back in June discovered that an astounding 55 percent of the U.S. labor force has experienced either unemployment, a pay decrease, a reduction in hours or an involuntary move to part-time work since the economic downturn began.

#24 According to Richard McCormack, the United States has lost over 42,000 factories (and counting) since 2001.

#25 In the United States today, 317,000 waiters and waitresses have college degrees.

But this is what we get for creating the biggest debt bubble in the history of the world.  For decades we have been digging a deeper hole for ourselves by going into increasingly larger amounts of debt.  In America today, our entire economy is based on debt.  Even our money is debt.  We were fools if we ever thought this could go on forever. Just think about it.  Have you ever gone out and run up a bunch of debt?  It can be a lot of fun sitting behind the wheel of a new car, running your credit cards up to the limit and buying a beautiful big house that you cannot afford. But in the end what happens? It always catches up with you. Well, our collective debt is starting to catch up with us.  There is a sea of red ink on every level of American society.  It is only a matter of time before it destroys our economy. IF YOU THINK THAT THINGS ARE BAD NOW, JUST WAIT.  THINGS ARE GOING TO GET A WHOLE LOT WORSE.  A HORRIFIC ECONOMIC COLLAPSE IS COMING, AND IT IS GOING TO BE VERY, VERY PAINFUL.’

Howard Davidowitz on the Economy: "Here Are the Numbers ... WE'RE BROKE!" 11-25-10 ‘The U.S. economy "is a complete disaster," Howard Davidowitz declared here in July, the most recent in a string of dire predictions from Tech Ticker's most entertaining guest.On the eve of Thanksgiving, I asked Davidowitz if he had any regrets, or was ready to throw in the towel given recent signs of economic revival. Are you kidding me? "Here are the numbers...we're broke," Davidowitz declares, noting the U.S. government goes $5 billion deeper into debt every day and is facing $1 trillion-plus annual deficits for the next decade. "In other words, we're bankrupt."As with the economy, Davidowitz is unwaveringly consistent in his views on President Obama, calling him "deranged, dysfunctional and discredited."Results of the midterm election show "the people of this country think we are in a catastrophe," he says. "I'm with them."Check the accompanying video for more of Howard's unfettered opinions and stay tuned for additional clips from this interview. And...Happy Thanksgiving! Aaron Task is the host of Tech Ticker. You can follow him on Twitter at @atask or email him at [email protected]’

Timid Tuesday: Is it Safe? Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘

] The Washington region's unemployment rate dipped only slightly in November from a year ago.

New Congress, old style (Washington Post) [ Come on! It’s articles like this, particularly lately by Mr. Milbank, that’ve been hurting my eyes and ears. One party / administration more corrupt than another in pervasively corrupt, defacto bankrupt america? You’d need a micrometer to discern the difference. Those dogs don’t hunt no more. It’s not so long ago that one can’t remember (Reagan / bush) Iran Contra (which was just another excuse for operatives / cia / etc., to enrich themselves via illegal drug trade / arms which they’d do anyway but wrap themselves in the flag as so-called patriots for legal protection, ie., that so-called purported ‘technicality’ (bribe) that threw out knucklehead accomplice ollie north’s felony, etc., dumbya bush’s war crimes, war on a lie, wall street’s rampant and protected fraud, war profiteering, the clinton scandalous, etc., years. All three branches of the u.s. government are hopelessly and pervasively corrupt. (see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . But, let us also grudgingly admit that any accusation of corruption in american government is at least on its face, true; because, it really is true despite the concomitant reality of the ‘pot calling the kettle black’ scenario. ] Milbank: The new GOP majority and its leader, Eric Cantor, are acting a lot like the Dems they beat.

Short-Term, High-Probability Mean-Reversion Indicator: Overbought Readings Continue to Increase Crowder ‘It was the best start to a year in over seven years, but I am not sure how long Monday’s gain will last, at least over the short-term.According to my High-Probability, Mean-Reversion overbought/oversold indicator, most of the ETFs I follow have pushed into a short-term “overbought” to “very overbought” state. As I have stated ad nauseum, when this many ETFs hit a short-term extreme the market typically takes a short-term reprieve (1-3 days).The XLB position that is currently held in the High-Probability, Mean-Reversion strategy moved in the red Monday although it was only a slight move. The position, in my opinion, still looks rather well-positioned given the short-term extreme overbought state of the market and XLB.Since I placed the trade there have been some incredibly large positions taken in XLB. Someone sure thinks the Materials sector (XLB) is headed south. Check it out here.The year ended with some nice gains as the High-Probability, Mean-Reversion strategy made 9.7% gains for the month to follow up the 3.7% in November. Not bad for the first two months of the strategy. Hopefully 2011 will bring allow for more gains in the strategy.As I stated last week, going back over the last seven years, if you purchased QQQQ on the 8th trading day of January and held until the end of the month, you would have had returns of -2.3%, -3.1%, -2.3%, -2.7%, -4.1%, -1.6% and -7.7%. The median maximum gain during those trades was +0.7% compared to a median draw down of -5.3%.

Short-Term High-Probability, Mean-Reversion Indicator – as of close 1/03/10

Benchmark ETFs

* S&P 500 (SPY) – 86.5 (very overbought) / RSI (2) – 96.5
* Dow Jones (DIA) –79.5 (overbought)
* Russell 2000 (IWM) – 71.4 (overbought)
* NASDAQ 100 (QQQQ) – 74.5 (overbought)

Sector ETFs

* Biotech (IBB) – 62.5 (neutral)
* Consumer Discretionary (XLY) – 70.5 (overbought)
* Health Care (XLV) – 72.5 (overbought)
* Financial (XLF) – 84.2 (very overbought)
* Energy (XLE) – 89.5 (very overbought) / RSI (2) – 98.8
* Gold Miners (GDX) – 48.5 (neutral)
* Industrial (XLI) – 80.1 (very overbought)
* Materials (XLB) – 91.4 (very overbought) / RSI (2) – 95.7
* Real Estate (IYR) – 85.8 (very overbought) / RSI (2) – 96.0
* Retail (RTH) – 76.2 (overbought)
* Semiconductor (SMH) – 61.8 (neutral)
* United States Oil Fund (USO) – 64.1 (neutral)
* Utilities (XLU) – 68.3 (neutral)

International ETFs

* Brazil (EWZ) – 82.0 (very overbought) / RSI (2) – 98.7
* China 25 (FXI) – 72.2 (overbought)
* EAFE (EFA) – 77.4 (overbought)
* South Korea (EWY) – 91.9 (very overbought) / RSI (2) – 99.1

Commodity ETFs

* Gold (GLD) – 64.9 (neutral)

Ultra Extremes

* Small Cap Bear 3x (TZA) – 24.6 (oversold)
* Small-Cap Bull 3x (TNA) – 74.1 (overbought)
* UltraLong QQQQ (QLD) – 75.4 (overbought)
* Ultra Long S&P 500 (SSO) – 90.2 (very overbought)
* Ultra Short S&P 500 (SDS) – 10.7 (very oversold)
* UltraShort 20+ Treasury (TBT) – 43.5 (neutral)

Disclosure: I am short XLB.’

China Stocks’ Best Forecaster Predicts Further Slump in 2011

What it took to get the defense spending bill passed (Washington Post) [ Given the defacto bankrupt status of the nation, I’d say, like the unprecedented and insurmountably great national debt, unprecedented and insurmountably great stupidity. Drudgereport: NATIONAL DEBT TOPS $14 TRILL

Howard Davidowitz on the Economy: "Here Are the Numbers ... WE'RE BROKE!" 11-25-10 ‘The U.S. economy "is a complete disaster," Howard Davidowitz declared here in July, the most recent in a string of dire predictions from Tech Ticker's most entertaining guest.On the eve of Thanksgiving, I asked Davidowitz if he had any regrets, or was ready to throw in the towel given recent signs of economic revival. Are you kidding me? "Here are the numbers...we're broke," Davidowitz declares, noting the U.S. government goes $5 billion deeper into debt every day and is facing $1 trillion-plus annual deficits for the next decade. "In other words, we're bankrupt."As with the economy, Davidowitz is unwaveringly consistent in his views on President Obama, calling him "deranged, dysfunctional and discredited."Results of the midterm election show "the people of this country think we are in a catastrophe," he says. "I'm with them."Check the accompanying video for more of Howard's unfettered opinions and stay tuned for additional clips from this interview. And...Happy Thanksgiving! Aaron Task is the host of Tech Ticker. You can follow him on Twitter at @atask or email him at [email protected]’

Timid Tuesday: Is it Safe? Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
]

Israeli troops kill Palestinian man at checkpoint in West Bank (Washington Post) [ Could you imagine if it was a jew who was killed. Beyond the stereotype which is easily envisioned, you’d never hear the end of it. But israel sees no need to adhere to laws governing the civilized throughout the world, from illegal nukes, to u.n resolutions (ie., 343, 338, etc), international law, etc., and hence, the strife we see in the region and throughout the world. ]

U.S.-built infrastructure is deteriorating (Washington Post) [ At first glance, I thought this article was miscategorized as a national story in the World section. Indeed, there’s no denying the truth of the title as america generally, domestically. Yet, the tragedy is that the tainted, destructive, self-defeating wars for america have been a boon for war profiteers, frauds of all stripes, when this defacto bankrupt america is sorely in need of repair, replacement of its own shoddy, aging infrastructure suffering from the domestic equivalent of similar scams, kickbacks, shoddy workmanship and all. After all, it got to the point that they didn’t even go through the motions / façade and actually flew $12 billion in hundred dollar bills into Iraq which to this day is unaccounted for / unprosecuted … like the wall street frauds, since the worthless toxic paper cashed out by wall street is still out there in the trillions now marked to anything. ] Roads, canals and schools built in Afghanistan as part of a special U.S. military program are crumbling under Afghan stewardship, despite new steps imposed over the past year to ensure reconstruction money is not being wasted, according to government reports.

Bank of America settles loan dispute with Fannie, Freddie (Washington Post) [ Guess they’re just looking for some year end bonus money (maybe not, depending on the controls, if any, if enforced – they weren’t last year). After all, though I believe the wall street frauds have been cashing out, albeit somewhat surreptitiously by way of QEs 1,2, etc., and for ever more worthless over-printed fiat dollars, that ‘toxic’ worthless paper is still out there in the many trillions marked to anything. Indeed, Davidowitz adds that with record numbers of americans on food stamps, real unemployment at 17+, wall street is giving out record bonuses from their accomplished fraud (with no-recession b.s. bernanke help) of $144 BILLION …] Fannie Mae and Freddie Mac have accepted $2.8 billion from Bank of America to largely put to rest claims that the bank sold them faulty loans.

Incoming House GOP chairmen have a long list of issues to investigate (Washington Post) [ Yeah … Sounds like a plan! … One that requires backtracking at least to dumbya bush days and war based on a lie with wobama taking up where dumbya bush left off; viz, that perpetual war thing though the nation’s defacto bankrupt. Then there’s the still no pros for the largest and most massive securities fraud in the history of the world with consequences still extant to the tune of trillions in toxic / worthless paper now marked to anything they so choose as per legislative mandate via FASB rule change (bush’s and surprising to some wobama’s base) . A full plate, there is no doubt. But, butt, just posturing, politicking, don’t look for anything of consequence though there’s plenty there. Then there’s zionist peter king of the national sinkhole new york ( / new jersey- Bankrupt Government Has Plans For Your Unused Gift Cards. [Mob invested, (and like america, generally) pervasively corrupt, meaningfully lawless and defacto bankrupt toxic, disgusting jersey is just doing what they’ve done for at least decades … no surprise here. (see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ] Jason Douglass ‘…Saving up this years gift cards to make a large purchase? You better use them up fast because state governments like New Jersey think they have a better use for that money. In an attempt to save themselves from obvious mismanagement, state authorities have begun steps to confiscate the balance left on your unused gift cards. Arguably, gift cards are one of the biggest scams going. Most consumers have been exposed to gift card’s eccentricities and know how impossible it is to use all the money on the card. Then, once the transaction is complete, it is twice as difficult to get the remainder of the balance left on the card in cash. Now our public officials want to get in on the scam.Large amounts of unused cash are locked away in these effective little marketing devices and New Jersey thinks they have a right to seize that money from you. In fact, they’ve already taken the steps to do just that…’ ]

Is This a Major Market Top? [ Truth be told, there was a time when I read Barron’s with great regularity (no more). I never missed Alan Abelson’s incisively sharp wit and the market laboratory, the latter being supplanted by readily accessible numerical data on the web. I also don’t recall Alan Abelson ever being wrong and I don’t think he’s wrong here, particularly when you consider the costs, fraud, and insanity underlying this manipulated and inflated stock market which bubble is at best a (contrived) bull cycle in a secular bear market. ] Roche ‘With economic recovery still in doubt and sentiment readings at their highest levels since the S&P 500 topped in 2007, some market prognosticators find the latest surge in stocks to have been irrational. There is now a near universal belief that stocks have but one direction to go and that has some investors feeling uneasy. This weekend’s Barron's showed the diametrically opposing views as two of their leading columnists (Alan Abelson and Mike Santoli) discussed why they believe this is a major market top (or not).

Abelson refers to a certain veteran market technician (whom he doesn’t identify):

And he shares our concern about the epidemic of optimism that has gripped the Street, manifest in any number of wildly bullish forecasts for the market in 2011. It is the kind of explosive optimism that is usually witnessed, he says more in wonder than rue, at market tops, either temporary or something worse.

He doesn’t buy the argument that the huge stash of cash supposedly sitting on the sidelines is a guarantee of a steady source of fuel for the equity rally. Rather, he calls that hefty pile of cash, which is being augmented by a fresh infusion from fixed-income investors now that bonds are getting clocked, “scared money.” It belongs, he elaborates, to folks who all this time have been leery of committing their dough to stocks but, thanks to December’s quantum leap in share prices, have grown increasingly fearful of missing the next leg up, and are itching to put all that scratch to work.

That such nervous-newbie equity buyers will stay the course and step up their buying after the initial, inevitable correction is hardly a given. Our bet is that they would jackrabbit out at the first hint of trouble.

The peerless technician is also bothered by the leadership of the end-of-the-year rally. More specifically, the shares of commodity-related companies are in the vanguard of the advance at a time when China, the big global buyer of virtually every commodity known to man, is striving to rein in inflation. It is no accident, he suggests, that Chinese stock markets have been lagging, and he feels they may prove a pretty good precursor for our own dear market.

In sum, he sees stocks making at least a temporary top early in the new year. It’s hard to say, he readily admits, just how bad or enduring a setback equities will suffer. But obviously, he’s talking something more substantial than a flickering decline or a tiny crack.

Santoli’s case against a major market top has been more commonly discussed:

The reasons the bulls are bullish are also pretty universally agreed upon. The industrial economy has gathered some momentum, the emerging markets are surging, companies are flush, profits look set to rise decently again, the Federal Reserve is seeking new ways to penalize risk aversion, taxes won’t go up and the market tends to do well in the year after a midterm election.

And we can add to the list the likelihood that another financial-engineering cycle is just getting into gear, so expect lots of equity-friendly refinancings by stretched companies, re-leveraging by cash-rich ones and buyouts hither and yon.

The thing is, it’s all pretty much true. And because of that, and given that stock valuations are not excessive, it’s tough to think a likely pullback or worse would signal some major top.

Indeed, the happy feeling and the recent climb in margin borrowing and drop in short interest, by one way of looking at them, simply show that what has been a bull market for the better part of two years is finally being viewed as one. The last time we had such a run of investor optimism, indeed, was late 2004, before a calm but not terribly exuberant year.

The risk, then, is more about the near term, about expectations of ease meeting some unforeseen complication early this year, and that what’s likely to be a firm fundamental and technical case for riskier financial assets in 2011 has, to a fair degree, been priced in by the market lift of late 2010.

Interestingly, both appear to agree that the major risk is in the near-term. Santoli, however, clearly believes any sell-off will prove to be a buying opportunity. Abelson tends to still be in the bear market camp. Major market top or a prelude to a continuation of the bull market? Only time will tell.

Source: Barron's’

Gerald Celente: What’s in store for 2011 RT | “Were going to see more and more cyber attacks, just like we saw with WikiLeaks,” explained Celente.‘What’s in store for the world in 2011? Trends forecaster Gerald Celente of the Trends Research Institute provided his insights on the year ahead. Will the people of the world wake up to a dire economic reality? Will the US dollar or the value of gold prevail? Will hardship-driven crimes be committed across the socioeconomic spectrum by legions of the on-the-edge desperate? Will the “War on Terror” morph into the “War on Crime,” where all Americans are suspects until proven innocent? Will governments try to eliminate free access to the web and literally shut down computers and websites they consider a threat to national security? Will the seeds of revolution be sown?Celente argued that all of the above will take place in some shape or form. There will be a wakeup call on the economy, a crack down on the people and a loss of liberty, and also an increase in Journalism 2.0, alternative energy and a growth in cyber war tactics. “Look what’s happening now. You name the city,” he said.“The people are getting hit on at every level.” The banks and governments are robbing the people and will continue to do so, he argued. “What they are going to do, is they are going to make up the slack by going after the little people at every level; licensing fees, parking fees, you name it, they’re going to squeeze every dollar out of the people,” Celente commented.“If you go five miles over the speed limit there’s a cop waiting for you.” Gold will run high in 2010, as the federal resave continues to dump US currency into the system gold will rise much higher, possibly even double in value over the next year. In the name of terror the government will clamp down on the people, crime will rise as dissatisfaction with the economy and government policies rise. “Big Brother will be watching!” Celente said. “We even have Wal-Marts as a rat for the homeland security division to call them up and let them know if anything is untore that they should know about and they are talking now about expanding homeland terrorist security in hotels and shopping malls.” The US government will be watching every move every person makes. “They are going to clamp down more and more as people continue to complain more and more about the injustices that are happening, particularly on the economic front,” he explained. “When people lose everything, and they have nothing left to lose, they lose it! As people keep losing it, the government will crack down even tighter.” Looking forward, cyber warfare will grow further, becoming a new type of warfare for the 21st century. Those in cyber industry have a strong future, he added.“Were going to see more and more cyber attacks, just like we saw with WikiLeaks,” explained Celente. “We’re going to see worldwide cyber crime. In the end, the world will end in 2011,” said Celente, but what that means exactly he wouldn’t say.’

Bankrupt Government Has Plans For Your Unused Gift Cards. [Mob invested, (and like america, generally) pervasively corrupt, meaningfully lawless and defacto bankrupt toxic, disgusting jersey is just doing what they’ve done for at least decades … no surprise here. (see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ] Jason Douglass ‘…Saving up this years gift cards to make a large purchase? You better use them up fast because state governments like New Jersey think they have a better use for that money. In an attempt to save themselves from obvious mismanagement, state authorities have begun steps to confiscate the balance left on your unused gift cards. Arguably, gift cards are one of the biggest scams going. Most consumers have been exposed to gift card’s eccentricities and know how impossible it is to use all the money on the card. Then, once the transaction is complete, it is twice as difficult to get the remainder of the balance left on the card in cash. Now our public officials want to get in on the scam.Large amounts of unused cash are locked away in these effective little marketing devices and New Jersey thinks they have a right to seize that money from you. In fact, they’ve already taken the steps to do just that…’

Tipping Point: 25 Signs That The Coming Financial Collapse Is Now Closer Then Ever The financial collapse that so many of us have been anticipating is seemingly closer then ever. Over the past several weeks, there have been a host of ominous signs for the U.S. economy… ] Decision could make it easier for the bailed-out lender to launch an IPO and repay its government debt.

Pakistan's top general vexes U.S. plans (Washington Post) [ Geeh! How dare that PAKISTAN General not jump on the war criminal american crazy train by putting the interests of his nation ahead of u.s. contrived interests and preventing Pakistan from being turned into a toxic wasteland, killing fields, etc., as in Iraq, Afghanistan, etc.. ] Despite intense efforts, officials fail to persuade Gen. Ashfaq Kayani to undertake the administration's strategy of eliminating Taliban havens inside Pakistan.

Economic forecasters see growth in 2011 (Washington Post) [ Kind of like that prescient economic forecast of ‘no recession’ preceding this continuing financial / economic debacle of a magnitude exceeding that of the great depression from our ‘economist in chief’ helicopter ben … riiiiight! … And you can take that the insolvent bank! Stock markets weather a challenging 2010 (Washington Post) [ ‘Weather’, ‘forecasts’ … somehow those words taken together do not engender confidence. Yet, like today, there’s no shortage of that exuberance thing just as in 2007 preceding the last crash, or preceding the dot.com crash, etc., and this time will be no different and probably worse. Pay Attention to New Year Market Indicators [ The problem with these anecdotal, mechanized (and sophomoric) technical guidelines is that the frauds on wall street are well aware of them and with the current computer technology can easily program to meet them with the fraudulent hope they’ll become self-fulfilling. I disagree with the ‘everything coming up roses, green shoots and all’ scenarios being painted in typical self-interested fashion and hardly objective. Even near perma-bull John Augustine (speaking with Motek) looks for at a minimum, if things go well for the economy (not at all likely and no can do with real numbers / data) a 3-5% pullback / correction near term. Keep in mind all stock prices have been inflated by amounts exceeding the gains, viz., 13-17% by the debased dollar which of course is reflected in huge price increases for commodities across the board which will impact margins or consumption or both going forward. ] Plessis ‘If Santa has not yet made his way to your investment portfolio, don’t despair. According to Jeffrey Hirsch (Stock Trader’s Almanac), the “Santa Claus Rally” normally occurs during the last five trading days of a year and the ensuing first two trading sessions of the new year. During this seven-day period stocks historically tend to advance (by 1.5% on average since 1950), but when recording a loss, they frequently trade much lower in the new year.With four of the seven sessions behind us there has been little in it, with the S&P 500 Index marginally up by 0.09% and the Dow Jones Industrial Average losing 0.03%.Another old stock market saw tells us the first five trading days of January sets the course for January (known as the “First Five Days Early Warning System”), and if the month of January is higher, there is a good chance the year will end higher, i.e. the so-called “January Barometer”. Every down January since 1950 has been followed by a new or continuing bear market or a flat year. “As January goes, so goes the year,” said Hirsch.Lastly, according to Hirsch, the “December Low Indicator" says that should the Dow Jones Industrial Index close below its December low anytime during the first quarter, it is frequently an excellent warning sign of lower levels ahead. The numbers to watch are those recorded on December 1: 1,206.07 for the S&P 500 Index and 11,255.78 for the Dow Industrial Average.The American benchmark indices will have to crash today in order to make 2010 a down year. Early indications therefore point to the January Barometer (with January having been a down month) this year failing investors. Looking ahead to 2011, time will tell whether the year-end/new-year indicators play out according to the historical pattern. Meanwhile, we’ll have some fun tracking how it pans out.’ ] In a year of political upheaval, fiscal crisis in Europe and the threat of a double-dip recession in the United States, the stock market weathered all challenges, plodding upward. Economic forecasters see growth in 2011

Private markets make up the core of Obamanomics (Washington Post) [ I doubt there is a core at all … nothin’ there … spend more than you take in … just smoke and mirrors … more bush*t … you know, froth the markets, fraud be damned but welcomed / protected … and, as before, this will end quite badly! But regarding the now ‘Klein Controversy’, the following: Wash Post Staffer: Constitution Impossible to Understand Because It’s Over 100 Years Old [ In a meaningfully lawless society as pervasively corrupt, defacto bankrupt america, constitution / laws have become irrelevant in application and effect. After all, even zimbabwe has a constitution / laws, but I dare say no one would suggest they have any practical effect in reality, as is also so in america. I therefore believe Mr. Klein is correct but for reasons other than age and malleability. Indeed, anyone who has written a legal brief and researched law in support thereof, ultimately realizes that almost invariably one can find some case / law in support of almost any position. In america today, it’s the bribe, one way or another, that carries the day and makes the difference. Ask sam alito et als. That’s just the way it is in a declining, fallen society as america, zimbawe, etc.. That’s certainly my direct, sworn experience with these corrupt courts constituting (in large part along with the other 3 branches) pervasively corrupt, defacto bankrupt america’s illegal system. Senate convicts Clinton-appointed judge... [ Come on! One way or another they’re almost all getting bribed; including the initial lifetime appointment as alito, trump-barry, etc.. Abolish the corrupt, costly, economically wasteful lifetime extravagantly appointed federal courts (see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) End those lifetime licenses to steal. ] In earlier hearings, two attorneys who once worked with Porteous had testified that they gave him thousands of dollars in cash, including about $2,000 stuffed in an envelope in 1999, just before Porteous decided a major civil case in their client's favor. ] Breitbart | On word that the House will open its next session with a first-ever reading of the U.S. Constitution, blogger Ezra Klein suggests that the Constitution is irrelevant due to its age and politically-malleable language. ]Eight key economic decisions of the Obama presidency all point in one direction.

Pay Attention to New Year Market Indicators [ The problem with these anecdotal, mechanized (and sophomoric) technical guidelines is that the frauds on wall street are well aware of them and with the current computer technology can easily program to meet them with the fraudulent hope they’ll become self-fulfilling. I disagree with the ‘everything coming up roses, green shoots and all’ scenarios being painted in typical self-interested fashion and hardly objective. Even near perma-bull John Augustine (speaking with Motek) looks for at a minimum, if things go well for the economy (not at all likely and no can do with real numbers / data) a 3-5% pullback / correction near term. Keep in mind all stock prices have been inflated by amounts exceeding the gains, viz., 13-17% by the debased dollar which of course is reflected in huge price increases for commodities across the board which will impact margins or consumption or both going forward. ] Plessis ‘If Santa has not yet made his way to your investment portfolio, don’t despair. According to Jeffrey Hirsch (Stock Trader’s Almanac), the “Santa Claus Rally” normally occurs during the last five trading days of a year and the ensuing first two trading sessions of the new year. During this seven-day period stocks historically tend to advance (by 1.5% on average since 1950), but when recording a loss, they frequently trade much lower in the new year.With four of the seven sessions behind us there has been little in it, with the S&P 500 Index marginally up by 0.09% and the Dow Jones Industrial Average losing 0.03%.Another old stock market saw tells us the first five trading days of January sets the course for January (known as the “First Five Days Early Warning System”), and if the month of January is higher, there is a good chance the year will end higher, i.e. the so-called “January Barometer”. Every down January since 1950 has been followed by a new or continuing bear market or a flat year. “As January goes, so goes the year,” said Hirsch.Lastly, according to Hirsch, the “December Low Indicator" says that should the Dow Jones Industrial Index close below its December low anytime during the first quarter, it is frequently an excellent warning sign of lower levels ahead. The numbers to watch are those recorded on December 1: 1,206.07 for the S&P 500 Index and 11,255.78 for the Dow Industrial Average.The American benchmark indices will have to crash today in order to make 2010 a down year. Early indications therefore point to the January Barometer (with January having been a down month) this year failing investors. Looking ahead to 2011, time will tell whether the year-end/new-year indicators play out according to the historical pattern. Meanwhile, we’ll have some fun tracking how it pans out.’

Happy New Year! Here Are The Final Numbers For 2010 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:

• DOW up 0.08%
• S&P 500 down flat
• NASDAQ down 0.38%

Now, the final scoreboard for 2010:

Equities:

• 2010 DOW up 10.94%
• 2010 S&P 500 up 12.72%
• 2010 NASDAQ up 16.9%

Check out the best and worst performing global equity indices in 2010 >

Commodities:

• 2010 Gold up 30%
• 2010 Copper up 33%
• 2010 Oil up 15%

Check out Societe Generale's guide to commodities in 2011 >

Bonds:

Bank of America Merrill Lynch’s Global Broad Market Index rose 4.7% this year.

• 2010 Year end 5-year treasury yield 2.00%
• 2010 Year end 10-year treasury yield 3.28%
• 2010 Year end 30-year treasury yield 4.33% …’

Drudgereport: Medicare Bound to Bust 'by 2017' as First Boomers Hit 65...
POLL: Only 21% Want FCC to Regulate Internet...
Fear of Political Agenda...
Next Year's Wars: 16 brewing conflicts to watch...
VIDEO: Oil Could Push to $110...
Berlin sees most snow in December since 1900s...
White House Plans to Push 'Global Warming' Policy, GOP Vows Fight...
FLASHBACK: Gore Reports Snow and Ice Across World Vanishing Quickly...
Top China blogger forced to shut down magazine...
Non-US banks gain from Fed crisis fund; Half of emergency credit facility cash went to foreign institutions...
Backlash...
THE MAN WHO TOOK ON BIG SIS... Pilot angered TSA with video... ‘…News10 established a relationship with the Liu family last July after their rental home in Sacramento's Oak Park was destroyed by an arsonist. Four firefighters were injured when the house exploded…’
Oil rises near $92...
Ex-SHELL president sees $5 gas in year...
MATTHEWS: Why Doesn't Obama Just Release The Birth Certificate?
NYT: Bundle Up, It's Global Warming...
Obama Reading List: Book on Reagan... [ Reagan would absolutely detest, hate (yes, Reagan could hate ) wobama and did detest, hate people like failed president like no other in history, wobama]
Duma Disses Obama, delays START vote...
Assange fears death in a US jail...
OPEC Members 'Target $100'...
China, following pervasively corrupt, meaningfully lawless, defacto bankrupt american example, bars political dissident access to lawyers...
Indefinite detention possible for suspects at Guantanamo Bay...
DARK SIDE OF SIS: AGENTS RAID HOME OF PILOT CRITICAL OF TSA...
Posted Video Exposing Airport Security Flaws...
PUNISHED...
DEFICIT HITS RECORD...
MINORITY REPORT: Spielberg advising on rebranding Dems... [ Come on! You can’t unring the bell on the damage they’ve done by particularly doing the opposite of what they said, from perpetual war, to no prosecutions of the wall street frauds now marked to anything as per criminal courtesy via FASB rule change, etc.. They b*** s*** like their mascot, ‘wobama the b’ (for b*** s***); not that the republicans are substantially different … they’re incompetent, corrupt, etc... They’ve embraced the ‘history of decline and fall of nation-states’. ]
TODAY: Obama pledges 'singular focus' on economy...
ONE YEAR AGO: 'Obama to focus hard on economy'...
TWO YEARS AGO: Obama to put 'renewed focus' on economy...
US press should fear being targeted: Assange...
BLOWOUT: Government liabilities rose $2 trillion for year...
PEOPLE: 308,745,538
DEBT: $13,868,461,000,000
STATE OF THE NATION: Census shows slowing US growth...
GOP-leaning states pick up seats in Congress...
NY, OH, IL, MA, NJ and PA lose seats...
FCC Gives Government Power to Regulate Web...
Agency splits along party lines...
DeMint vows to reverse 'Internet takeover'...
AP: TOP 10 STORIES OF 2010...
MOODY'S May Cut US Rating on Tax Package...
New spending bill totals $1.1 TRILLION!
Congress Job Approval Rating Worst in GALLUP History...
FLASHBACK: Obama Promised 5-Day, Public Review of Bills Before Signing; Signs Tax Bill Within Hours of House Vote...
13 million get unexpected tax bill from 'tax credit'?
Pelosi skips vote on tax bill, then shuns signing ceremony...
House votes to extend gov't funding -- through Tuesday...
OBAMA FALLS TO 40% APPROVE IN FOXNEWS POLL...
The FCC's Threat to Internet Freedom...
Dems play politics with 'net neutrality' vote...
'Sweeping new rules'...
REGULATE...
SHUT: Music Web Sites Dispute Legality of Their Closing...
UK ministers threaten: Censor web, or we will legislate 'to protect children'...
Plan to block all online porn...
Hugo Chavez defends plan for web regulations...
Venezuela tightens Internet regulation...

THEY'RE COMING FOR THE INTERNET!
JULIUS SEIZURE

$2 trillion debt crisis threatens to bring down 100 US cities...
States face $140 billion in budget shortfalls...
32 states borrow billions from feds to cover unemployment benefits...
Friedman: America the Stupid...

French AAA Grade at Risk as Downgrades Sweep Europe...

Oil Heads Toward $100...
Chavez defends plan for Internet regulations...
UK ministers threaten: Censor web, or we will legislate 'to protect children'...
The FCC's Threat to Internet Freedom...
Dems play politics with 'net neutrality' vote...
'Sweeping new rules for the Internet'...
SKorea detains Chinese fishermen...
Security Council meets on tensions...
North Threatens More Attacks...
... says war would go nuclear
China warns of escalating arms race...

'Don't ask' repeal moves toward law...
DREAM OVER: Senate Blocks Bill for Illegal Immigrants...
Budget Brawl Looms in Congress...

Michelle wears $2,500 purchased dress to Christmas concert...
Senate Plans Weekend Votes on 'Don't Ask, Don't Tell,' Amnesty Bill...
Senator: Gay ban tied to Russia treaty...
UN PLANS INTERNET REGULATION [ Those who can’t do … work at the u.n., in the u.s.; after all, for the first time in human history, the internet has for the most part enabled an unfettered look at the truth and truthful reasons for the unequivocally sad state of the world. That a supposed world body should support and potentially facilitate the encroachment upon such global communication is reason enough to dismantle such an already discredited body which arbitrarily seeks enforcement of some ‘resolutions’ as to some but not others ( ie., israel, u.n. resolutions 242, 338, etc., israeli and american war crimes, etc..) Raison d’tre … I don’t think so! Quite the contrary! ]
Regulators close banks in GA, FL, AR, MN... [ Regulators shutter 3 small banks in Ga., 1 each in Fla., Ark., Minn.; 157 banks closed in 2010 ]
Payrolls Drop in 28 States, Joblessness Rises in 21...
Nevada rate to 14.3%...
Rhode Island City Nears Bankruptcy...
Ireland Debt Downgrade...
IMF chief worried about Europe domino effect...
Senate clerks preparing to read 1,924-page spending bill on floor -- for 50 hours!...
Senator: 'There's No Way' To Read Entire Bill Before Vote...
KERRY: 'Why Would We Have To Read Something?'
McConnell offers 1-page resolution in place of 1,924-page spending bill...
SHOWDOWN: Gingrich Urges Fillibuster...
Biden To GOP Opposition: 'Get Out Of The Way'...
Reid: Earmarks are 'what we're supposed to do'...
Ban on Gitmo transfers vanishes...
Omnibus bill loaded with goodies for abortion industry...
PRIORITIES: House approves bill to make hybrids louder...
23% Say USA Heading in Right Direction, Lowest Since Obama Took Office...
POLL: Just 29% think Obama will be re-elected...
Is America the sick man of the globe?
BUCHANAN: Is this our America anymore?
UK Red Cross Bans Christmas to Avoid Offending Muslims...
SALVATION ARMY bell ringer caught stealing from kettle...
Deputies suspended after getting into brawl at party...
2 women charged with robbing 74-year-old...
Hundreds of gifts for kids stolen from 'Toys for Tots'...
Thousands of dollars in donated toys ruined after skunk attack...
Grocery prices grow by 1.5 times inflation rate...

Socialist president plays host to capitalism...
REPORT: Obama told lawmakers not passing tax deal could end presidency...
A $48 billion earmark...
PAPER: Year of bullying, bluff and bailouts leaves euro fighting for its life...
Reeling from riots, Italy faces uncertainty...
Greek anti-austerity strike turns violent...
VIDEO...
MORE UNREST: 2011...
$575 million PER PAGE...
6,488 earmarks...
McConnell fumes: 'No one has seen it'...
Reid threatens to keep Congress into next year...
Intelligence Reports Offer Dim Views of Afghan War...
HOLBROOKE LAST WORDS: STOP THIS WAR!

UPDATE: RUSSIA TO USE CHINA CURRENCY IN TRADES...
UK GRANTS ASSANGE BAIL; SWEDEN APPEALS...
Release delayed...
Lawyer: Secret Grand Jury Meeting Outside Washington on Leak...
CHRISTMAS CRIMES: Drive-By Purse Snatcher Terrorizing Women In NJ...
2 women charged with robbing 74-year-old...
Hundreds of gifts for kids stolen from 'Toys for Tots'...
Thousands of dollars in donated toys ruined after skunk attack...
Copper thieves burn down city's Christmas tree...
Burglar steals family's gifts -- and its dog!
Grave robbers steal 400 urns from cemetery...
'Grinch' Steals Packages Off Doorsteps, Signs For Deliveries...
Home Invaders Tie Up 12-Year-Old Boy, Take Video Games...
90-Year-Old Man Put In Choke-Hold, Robbed Of $370...
'Tea Party' anger simmers over backroom deal; Ramps up efforts...
2 Bank Failures Bring Year's Tally To 151...
COPS: Madoff's son hangs himself with dog collar in SoHo apartment...
...gave mechanic $400 tip day before suicide
Madoff Trustee Launches $19.6 Billion Lawsuit; 60 accused of participating in 'illegal scheme'...
Pump prices close in on average $3 a gallon...
FLASHBACK: $1.81 when Obama took office...
BLOW TO O: JUDGE RULES GOV'T CAN'T MANDATE CITIZENS BUY HEALTH CARE...
Cantor: Direct Appeal to Supremes...
POLL: Support For Obamacare Hits New Low...
Pelosi: 'Are You Serious?'
Obama: 'I'm itching for a fight'...
U N C O N S T I T U T I O N A L
Barbara Walters: 'This Guy (wobama) Has an Emotional Problem' [ Yes, it’s true, babawawa … wobama has substantial mental problems which along with inherent criminality are pervasive in america which also includes boner, and where were you in discussing such, babawawa regarding psychopaths bush, clinton, etc., or even former beau, senile greenspun ]...
DEFICIT HITS RECORD...
Putin Slams West for Assange Arrest...
US cable: Cuba to be insolvent within 2-3 years...
Assange Lawyers Prepare for U.S. Spying Indictment...
Teen Arrested in Hack Attacks...
Donations to WIKILEAKS are Tax Deductible -- in Germany...
Anonymous cyberwarriors stun experts...
Media outlets may be probed over WikiLeaks stories, joe ‘zelig zionist incompetent and corrupt‘ lieberman in Campaign To Trample The First Amendment claims Can the US government prosecute media outlets that reported on the WikiLeaks cables? According to joe ‘zelig zionist incompetent and corrupt‘ lieberman in his Campaign To Trample The First Amendment, the answer is maybe.
Home Values May Drop by $1.7 Trillion This Year...
UNEMPLOYMENT WEEK: DOWN TO 421,000; REVISED UP LAST WEEK 438,000...
POLL: Most Americans Say They’re Worse Off Under Obama...
F O [Related: Olbermann:  Obama Is ‘God Damned Wrong’ ]
REVENGE OF THE WIKIS!
Army of hackers targets the Swedish government...
Take down MASTERCARD site...
...VISA
PAYPAL...
AMAZON braces for hactivist attack...
Palin under cyber attack...
Assange's 'poison pill' file impossible to stop...
MOSCOW: Give Assange Nobel Peace Prize...
SENATE REJECTS REPEAL OF DON'T ASK DON'T TELL...
House Dems push through massive budget bill...
Final House Race Decided; GOP Net Gain: 63 Seats...
Ron Paul, Author of 'End the Fed,' to Lead Fed Oversight Panel...
Student protesters in London turn violent over tuition hikes...
Thousands try to break through police barricades at Houses of Parliament...
...attack car containing Prince Charles, Camilla...
Rolls Royce hit with paint; rear window smashed...
US Treasuries hit by biggest sell-off since LEHMAN...
Prices Plunge for 2nd Day on Deficit Fears...
Rattles investors...
Oil tipped to bubble over $100 barrel...
Food Stamp Rolls Continue to Rise...
SHOCK POLL: Americans Believe China Has Surpassed USA in Economic Strength...
'U.S. fiscal health worse than Europe's'...
Sorkin: Palin TV show is 'snuff movie'... [ Yeah … ‘she’s really all that’ and worse … I have great difficulty getting past the fact that she’s so incredibly dumb … not just ‘nonintellectual’ … butt really dumb! ] ‘… Sorkin, writer of the recent Facebook movie The Social Network, also accused the Fox News contributor of making a "snuff film" after the latest episode of Sarah's Palin's Alaska featured the politician going hunting with her father and shooting a caribou. He described Palin as "deranged", a "witless bully" and a "phony pioneer girl". He also said The Learning Channel, the US cable network, "should be ashamed of itself" for broadcasting her "truly awful reality show"…’
Senate convicts Clinton-appointed judge... [ Come on! One way or another they’re almost all getting bribed; including the initial lifetime appointment as alito, trump-barry, etc.. Abolish the corrupt, costly, economically wasteful lifetime extravagantly appointed federal courts (see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) End those lifetime licenses to steel. ] In earlier hearings, two attorneys who once worked with Porteous had testified that they gave him thousands of dollars in cash, including about $2,000 stuffed in an envelope in 1999, just before Porteous decided a major civil case in their client's favor.
Assange could face espionage trial in USA...
Palin under cyber attack...
1st Amendment issues...
Assange's 'poison pill' file impossible to stop...
WIKILEAKS: Stop Us? You'll Have to Shut Down Web...
Berkeley 'resolution' honoring leaker...
Scientologists outraged over spoof Christmas play... [ Hubbard was such a total fraud! Scientologists are delusional! ]St. Petersburg, Florida – ‘A controversial holiday musical production is set to open at American Stage Theatre in St. Petersburg. Photos: Pictures of A Very Merry Unauthorized Children's Scientology Pageant "A Very Merry Unauthorized Children's Scientology Pageant" is a musical play designed for the holiday season, but this play will not focus on Jesus Christ, but instead the story is about L. Ron Hubbard, the founder of the church Of Scientology…’ 
NO BAIL...
Assange 'sabotaged condom' during one night stand...
Refused to wear one during another...
Stockholm police: Both women are victims...
INTERPOL WARRANT FOR NOT WEARING PROTECTION?
ASSANGE UNDER ARREST:
'HE DIDN'T WEAR A CONDOM'
Under arrest, will Assange dump the Doomsday Files?
Assange: Don't shoot messenger for revealing uncomfortable truths...
FLASHBACK: HILLARY COMPLAINS GOVERNMENTS BLOCK FREE FLOW OF INFO ON INTERNET...
WIKILEAKS: LIVE UPDATES...
FCC push to regulate news draws fire...
Lieberman: NYT may have committed crime by printing WIKILEAKS docs...
US to Host World Press Freedom Day in 2011 … [ What a total travesty! The u.s. as host … What a cruel joke! ] ...
OBAMA RACES TO CUT TAXES BEFORE REPUBLICANS: 6.2% Social Security tax would drop to 4.2% for workers for one year... MORE
THE NEW OBAMA!
SURPRISE TAX CUT MOVE [ As with defacto bankrupt america generally, more defacto bankrupt social security system, etc., are distinctions without significant differences. ]
OIL HITS $89...
Pump prices hit 2-year high...
Schwarzenegger Declares Fiscal Emergency, Proposes $9.9 Billion In Cuts...
Top Democrats defect, join unified GOP...
WIKILEAKS' Assange Will Release Encrypted Files If Arrested...
Cables Reveal How US Manipulated Climate Accord...
Cable: China Leaders Ordered Hacking on GOOGLE...
Meddling by Neighbors Adds to Iraq's Woes...
Government Workers Ordered Not to Read Cables...
Gingrich: Leaks Show Admin 'Shallow,' 'Amateurish'...
McConnell: Assange a 'High-Tech Terrorist'...
List of facilities 'vital to US security' leaked...
Mirror Sites Appear by the Hundreds...
Assange Speaks...
Hillary Jokes...
US forced to shake up embassies around world...
THE DOOMSDAY FILES
PAPER: Wave goodbye to Internet freedom...
[ I’m absolutely astounded that the world is not profoundly grateful to Assange et als for providing insight into the machinations and insanity of pervasively corrupt, defacto bankrupt america, et als who wreaked havoc on the world as they pillage, plunder, and destroy (lives, nations, etc.). ]
+39,000 JOBS IN NOVEMBER...
BOEHNER: Dem Leaders Should Stop Wasting Time on Tax Hike Votes...
HALPERIN: Dems 'In Midst of Nervous Breakdown'...
Obama Makes Surprise Trip to Afghanistan...
Flies 7,000 miles -- talks to Karzai for 15 minutes on phone!
Forgets the Coast Guard...
Leaves Biden behind to handle 'disappointing' jobs report...
Reid, funded by casinos, pushes online gambling...
ABCNEWS accused of breaking embargo...
2010 death toll of US troops nears that of 2001-2008 combined...
OBAMA SPEECHWRITER JOKES ABOUT TSA GROPING: Allows 'defrocked priests to give back to society'...
US Deficit-Cutting Plan Falls Short of Needed Votes...
UNEMPLOYMENT UP TO 9.8%
HILLARY: Secretary of State will be 'my last public position'... ... PITCHE$ $IGNED DVD ON HOME $HOPPING NETWORK..
US TO BAILOUT EU [ Riiiiight! Sounds like a plan! After all, in defacto bankrupt america money does grow on trees … derivatively (pun intended) that is … you know … that ever more worthless fiat paper currency … and ultimately, existentially, philosophically, doesn’t paper come from trees … sure it does …so, no problemo since money grows on trees. ]
BOMBSHELL: European banks took big slice of Fed aid...
Hundreds of billions of dollars...
Fed reveals global extent of its backing... ]Funds went to stalwarts of American industry including GE and Caterpillar and household-name companies such as Verizon, new data show.
GEORGIA: HUNDREDS LINE UP IN COLD FOR HEAT HELP...
Assistance Funds Quickly Depleted...
'Almost like being in soup line during great depression'...
VIDEO...
DELAYING TAX VOTE COULD 'CRASH STOCK MARKET' STARTING 12/15 [ Come on! There’s no way to justify the tax cut to the top 1% including the frauds on wall street … their threats don’t hunt no more … the nation’s defacto bankrupt … see Davis, supra! ]
Chase Bank orders branch to remove Christmas tree...
Cyber attack forces WIKILEAKS to change web address...
Respected media outlets collaborate with organization... [ Said outlets and other disseminators and of course Wikileaks deserve accolades for the advancement of first amendment liberties in the name of an informed global body politick for all.]
UPDATE: Latest developments...
Foreign contractors hired Afghan 'dancing boys'...
Embassy cables portray Karzai as corrupt, erratic...
CIA drew up UN spying wishlist...
Assange speaks...
UPDATE: Latest WIKILEAKS developments...
Foreign contractors hired Afghan 'dancing boys'...
Embassy cables portray Karzai as corrupt, erratic...
CIA drew up UN spying wishlist...
SANTA CLAUSE: FED AID WENT TO COMPANIES, BANKS, OFFSHORE...
SECRETLY BAILED OUT GE -- GE NEWS OUTLETS FAILED TO REVEAL IN FED COVERAGE...
SANTA CLAUSE: FORD, BMW, TOYOTA Took Secret Government Money......
Fed Created Conflicts in Improvising Financial System Rescue...
Tax Breaks for Bailout Recipients Spark Debate...
MORE SECRETS: Fed Withholds Data for $885 Billion in Loans...
RUSSIA TO HOST '18 WORLD CUP FINALS...
Qatar selected '22 host over USA, others...
'AMERICAN PSYCHO' musical in works... [ I recommend the derivative films, American Psycho and American Psycho 2, for insight! ]
National Board of Review: SOCIAL NETWORK named best film... [ National board of what? ‘Inception’ is by far and away the ‘Best Film’ across the board, in all categories, and on the list! ] LIST...
BANK OF AMERICA Becoming 'Bank of Asia' as Revenue Increases 30% ...
RESET: PUTIN CRITICIZES USA OVER WIKILEAKS … [ Putin deserves the greatest deference in matters of global concern in light of his greater rationality; america’s self-serving accusations are merely envy and projection / displacement (in psychoanalytic terms) of america’s pervasively corrupt, criminal, broken system which is a far cry in reality from defacto bankrupt america’s propaganda.]...
REWARD: [ The payoff. Bribe complete! Next bribe scenario … ] CITI to Hire Obama's Ex-Budget Chief Orszag...
FLASHBACK: Rubin and friends ride NY-DC shuttle...
ZUCKERMAN: Watching America's Decline and Fall [the moral authority of the West has dramatically declined in the face of the financial crisis. It has revealed deep fault lines within Western economies that have spread to the global economy. The majority of Western governments are running fiscal deficits of 10 percent or more relative to GDP, but it is increasingly clear that there will be no quick fixes, that big government and fiscal deficits will not bring us back to the status quo ante. Indeed, the tidal wave of red ink has meant that the leverage-led or debt-led growth model is dead. Developed countries will be forced to deal with their debt on every level, from the personal to the corporate to the sovereign. Being able to borrow may have made people feel richer, but having to repay the debt is certainly making them feel poorer, particularly since the unfunded liabilities that many governments face from aging populations will have to be paid for by a shrinking band of workers. (Ecoutez, mes amis!) Demography is destiny. As a result, there is a burgeoning consensus that we are witnessing an inevitable rise of the East and a decline of the West…( Harry Dent, Jr.  Economy will be in a Depression by 2011
The worst of this next depression is likely to hit between mid-2010 and mid-2013, especially around early 2011, but if the banking system continues to implode a deep downturn or depression could begin sometime in 2009 instead of 2010.
Dow will Fall to 3,800 – 4,500 by 2012
Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest.
Inflation will Increase until mid- 2010 and then turn to Deflation
Interest Rates will Increase
U.S. Dollar will Decline
Housing will Decline by 40 – 60% from Today’s Levels
Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). ) ]...
Interpol issues wanted notice for Julian Assange [ They just can’t take the truth! ] ...
US cuts access to files [ Think about it. Really think about it. Their policies are in the tank, along with the nation and the rest of this world as a consequence. Don’t those so detrimentally affected (everyone) have a right to know? I think in light of the global frauds, contrived perpetual wars though defacto bankruptcy of this and other nations, pervasive corruption and crime, failed policies domestically and geo-politically while serving the very parochial interests of the self-interested few, the answer is an unequivocal, YES! I believe that world history will write Mr. Assange as a hero in the truest sense. He should be given a medal; and, certainly, since mr. b*** s*** wobama undeservingly got a ‘nobel peace prize’ (what he does, not what he says, ie., Afghanistan, etc.), who more than Julian Assange is deserving of that and more? Cover-up / propaganda … thy name is fallen america.]...
WIKILECTURE: 'HILLARY SHOULD RESIGN' ‘…Hillary Clinton, Julian Assange said, "should resign." Speaking over Skype from an undisclosed location on Tuesday, the WikiLeaks founder was replying to a question by TIME managing editor Richard Stengel over the diplomatic-cable dump that Assange's organization loosed on the world this past weekend. Stengel had said the U.S. Secretary of State was looking like "the fall guy" in the ensuing controversy, and had asked whether her firing or resignation was an outcome that Assange wanted. "I don't think it would make much of a difference either way," Assange said. "But she should resign if it can be shown that she was responsible for ordering U.S. diplomatic figures to engage in espionage in the United Nations, in violation of the international covenants to which the U.S. has signed up. Yes, she should resign over that."…’
CITY ON EDGE: Cash-Strapped Newark, new jersey Forced To Lay Off 14% Of Police Force... [ From decades old (1978-1985) direct personal experience with newark, n.j., the police are the absolute last cuts that can be afforded to be made. Indeed, while walking through Military Park (a sliver of a “park” - more a pedestrian thoroughfare/cement walks) in newark, new jersey on the way to the bank during lunch hour, I heard the clearly audible screams/cries of what turned out to be an old lady on the ground with blood streaming from her mouth. I ran toward the sound of the cries, the source of which I could not see because there were so many people in and about this thoroughfare so as to block any vision of the source of the cries. When I came to the woman, on the ground, blood streaming from her mouth, I asked what happened, to which she responded she had been hit in the mouth and knocked to the ground, her purse stolen/put inside her shopping bag, and she pointed out the criminal casually now walking across the main street. Nobody stopped to help her, many having passed her by. I slammed the thug to the ground so hard that, in light of all the blood and confusion (limbic system / adrenalin flow) I thought I had been stabbed (the blood was from his elbows hitting the pavement so hard - no one helped / a crowd gathered / an undercover cop happened along). When I testified at the Grand Jury Proceeding I made sure his threat on my life was set forth in prima facie fashion so as to maximize the DA’s position with both felonies ( he went to prison – pled out ). The other case I wrote about here ( This was included on my website in the Psychology forum discussion of ‘bystander effect’ / diffusion of responsibility. ) - Having had occasion to have run down a mugger in newark, n.j. who apparently had followed a girl from the bank on her way to the bursar to pay tuition, though in pretty good shape, I was astounded by how totally exhausting such a pursuit was, how much like rubber my arms were when I traded punches with the perpetrator, and truth be told, if I had a flashlight on my belt, I have little doubt that I would have probably used it to subdue the perp. The girl was not that seriously injured, did get her pocketbook and tuition back, and the criminal went to jail. The other thing about such a pursuit that amazed me was that no one else assisted the girl or me despite being in a position to do so). (Other newark / new jersey and new york, n.y. metro, viz., ie., connecticut, and of course, d.c., d.c. metro, viz., ie., virginia experience … corrupt federal judges as maryanne trump barry, sam alito, shiff, matz (california), hall, underhill, dorsey, etc.. Defacto bankrupt america’s so-called system is pervasively corrupt and broken (AP) Abolish the corrupt, costly, economically wasteful lifetime extravagantly appointed federal courts - see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ]
Nation's '2nd Most Dangerous City' (camden, new jersey) To Lay Off Nearly Half Of Police Force...
Chicagoland: Vandals torch Christmas charity van...

Businessman gets harsh prison term (Washington Post) [ Come on! Quality of justice concerns by pervasively corrupt / defacto bankrupt america (I’ve seen this first hand and have sworn under penalty of perjury to the readily discernible corruption in the ‘so-called judicial process’ / american illegal system; and Orwellian britain / european illegal systems little better as toadies to the criminal americans)? Don’t make me laugh? The u.s. illegal system is a cruel joke! What parallel universe / fantasy land are they living in? ] A Moscow judge's decision to impose the harshest possible penalty on Russian oil tycoon Mikhail Khodorkovsky signaled that Prime Minister Vladimir Putin intends to keep a firm grip on power and is unwilling to bend to American and European concerns about the quality of Russian justice.

October 15, 2010 (*see infra)

Steven M. Martinez, Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700

Los Angeles, CA 90024

Dear Sir:

I enclose herewith 3 copies of the within DVD rom autorun disk (which will open in your computer’s browser) as per your office’s request as made this day (the disk and contents have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer to prevent viral attacks / infection and are without threat). I also include 1 copy of the DVD as filed with the subject court as referenced therein (which files are also included on the aforesaid 3 disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act is a criminal statute which provides a civil remedy, including treble damages and attorney fees, as an incentive for private prosecution of said claims probably owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such assistance given the seriousness and prevalence of said violations of law which have a corrupting influence on the process, and which corruption is pervasive). A grievance complaint against Coan was also filed concurrently with the subject action and held in abeyance pending resolution of the action which was illegally dismissed without any supporting law and in contravention of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District Connecticut. The files below the horizontal rule are the referenced documents as filed. (Owing to the damage to the financial interests of both the U.S. and the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False Claims Act probably would apply and I would absent resolution seek to refer the within to a firm with expertise in that area of the law with which I am not familiar).

The document in 5 pages under penalty of perjury I was asked to forward to the FBI office in New Haven is probably the best and most concise summary of the case RICO Summary to FBI Under Penalty of Perjury at Their Request (5 pages) [ ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].

The correspondence I received from the Congresswoman by way of email attachment (apparent but typical problem with my mail) along with my response thereto is included on the 3 disks as fbicorrespondencereyes.htm . With regard to the calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA office and I was referred to the Long Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the money laundering which he confirmed as indicative of same (he was transferred from said office within approximately a month of said meeting and his location was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron Barndollar and we remained in touch for in excess of a decade until he abruptly retired (our last conversation prior to his retirement related to the case and parenthetically, Rudy Giuliani whose father I stated had been an enforcer for the mob to which he registered disbelief and requested I prove it, which I did – he served 12 years in prison, aggravated assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew Maloney’s the one that prosecuted gotti).

In contradistinction to the statement in said correspondence, there is a plethora of information including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set forth in the case, inter alia,

13. 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..
14. 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.
15. 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 ]
16. 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 ]
17. 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.
18. 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, 3^rd 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. 5^th 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.

2. 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.

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.

4. 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.

5. Because of the housing market depression and stress in the banking system the unemployment rate will stay above 9% for all of 2011.

Tracking the US Capital Markets – US stocks are overvalued fundamentally and overbought technically on both daily and weekly charts. The snow storm causes stocks to drift lower and higher.

• The major equity averages are below this week’s risky levels as the year draws to a close at: 11,629 Dow, 1269.4 SPX, 2682 NASDAQ, 5215 Dow Transports and 808.57 Russell 2000.
• Fifteen of sixteen sectors are overvalued according to ValuEngine with only 37.9% of all stocks undervalued. At 35% the stock market tends to find a top. Only 17.4% of all stocks are undervalued by 20% or more.

Here are my remaining themes for 2011 – Six through Eleven (a continuation of 1-5)

6. QE2, the $600 billion program where the Federal Reserve buys long dated US Treasury Securities has been a failure so far. The yield on the 10-Year was 2.334 when Fed Chief Bernanke touted QE2 in October only to see the yield nearly 125 basis points higher in December. The primary intent of QE2 was to lower longer-dated US Treasury yields. Yields held this week’s value level at 3.494 again on Wednesday. There is risk to 3.75 to 4.25 in 2011, but with or without this weakness, the 10-Year yield will decline to 2.75 to 2.50 during 2011.

7. Comex Gold has gone parabolic, and therefore you cannot predict how high gold prices can climb. I do know that corrections will be fierce and painful for those that buy strength instead of weakness. The 2011 neutral zone is between $1350 and $1450.

8. Nymex Crude Oil is headed back above $100 per barrel according to most experts. I cannot rule that out for 2011, but the downside is more significant given weekly closes below the $87 per barrel area. If gasoline stays above $3.00 per gallon demand on Main Street will slow down and will be a drag on economic growth and job creation.

9. Problems among the PIIGS nations denominated in euros will trump problems at the state level in the USA. This will keep the euro versus the dollar in a trading range. We will begin 2011 with a quarterly pivot around 1.3150.

10. US stocks show strong technical characteristics. The S&P 500 is above the 61.8% Fibonacci Retracement of the decline from October 2007 to the low of March 2009 at 1228.74. Dow Theory had a Buy Signal in early November and another confirmation in December. The Dow Industrial Average – I project downside to 9,375 in the first half with a rebound to 11,500 in the second half. Strength above 11,500 will return to 11,500, and the 2011 close will be at or below 11,500.

11.ValuEngine.com indicates that equity fundamental are not cheap. Fifteen of sixteen sectors will begin 2011 overvalued according to ValuEngine. The normal range for the percent undervalued or overvalued stocks is 35% to 65%. We will begin 2011 close to the low end of the range for undervalued stocks and towards the high end for overvalued stocks. Because of the battle between the technicals and fundamentals, stocks will be reversal-oriented in 2011 and be little changed year over year.

Tracking the US Capital Markets – US stocks are overvalued fundamentally and overbought technically on both daily and weekly charts.

• The major equity averages remain below this week’s risky levels as the year draws to a close at: 11,629 Dow, 1269.4 SPX, 2682 NASDAQ, 5215 Dow Transports and 808.57 Russell 2000.
• Fifteen of sixteen sectors are overvalued according to ValuEngine with only 37.7% of all stocks undervalued. At 35% the stock market tends to find a top. Only 17.5% of all stocks are undervalued by 20% or more.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.’

Struggling to the Finish Line: Dave's Daily ‘Most economic news today (Jobless Claims, Chicago PMI and Home Sales) was, ahem, "better than expected"; still, that didn't spark any determined buying. Maybe without any POMO Thursday trading desks were running on empty. 2010 was an interesting year with lots of erratic behavior but a Fed "stick save" in the end. Flash Crashes, elections, tax issues, spending, unemployment, POMO and home prices were all center stage. Now you're probably expecting some sort of forecast from your humble pundit, but alas, all I can offer are three basic tenets to follow:

"The best laid schemes of mice and men go often askew."

-- Robert Burns

Or, if you prefer: "The best laid plans of mice and men often go awry"

-- John Steinbeck

"If you must forecast, forecast often."

--Economist Edgar Fiedler (ETF Digest Sacred Cow IX)

"Things change"

-- ETF Digest Sacred Cow X

You were expecting Dow 20,000?!?

Volume Thursday did improve a tad and breadth was flat… ‘

Baby Boomers Start To Turn 65: 16 Statistics About The Coming Retirement Crisis That Will Drop Your Jaw The American Dream | The moment when the first Baby Boomers reach retirement age has arrived. ‘ … The following are 16 statistics about the coming retirement crisis that will drop your jaw…..

#1 Beginning January 1st, 2011 every single day more than 10,000 Baby Boomers will reach the age of 65.  That is going to keep happening every single day for the next 19 years.

#2 According to one recent survey, 36 percent of Americans say that they don’t contribute anything at all to retirement savings.

#3 Most Baby Boomers do not have a traditional pension plan because they have been going out of style over the past 30 years.  Just consider the following quote from Time Magazine: The traditional pension plan is disappearing. In 1980, some 39 percent of private-sector workers had a pension that guaranteed a steady payout during retirement. Today that number stands closer to 15 percent, according to the Employee Benefit Research Institute in Washington, D.C.

#4 Over 30 percent of U.S. investors currently in their sixties have more than 80 percent of their 401k invested in equities.  So what happens if the stock market crashes again?

#5 35% of Americans already over the age of 65 rely almost entirely on Social Security payments alone.

#6 According to another recent survey, 24% of U.S. workers admit that they have postponed their planned retirement age at least once during the past year.

#7 Approximately 3 out of 4 Americans start claiming Social Security benefits the moment they are eligible at age 62.  Most are doing this out of necessity.  However, by claiming Social Security early they get locked in at a much lower amount than if they would have waited.

#8 Pension consultant Girard Miller recently told California’s Little Hoover Commission that state and local government bodies in the state of California have $325 billion in combined unfunded pension liabilities.  When you break that down, it comes to $22,000 for every single working adult in California.

#9 According to a recent report from Stanford University, California’s three biggest pension funds are as much as $500 billion short of meeting future retiree benefit obligations.

#10 It has been reported that the $33.7 billion Illinois Teachers Retirement System is 61% underfunded and is on the verge of complete collapse.

#11 Robert Novy-Marx of the University of Chicago and Joshua D. Rauh of Northwestern’s Kellogg School of Management recently calculated the combined pension liability for all 50 U.S. states.  What they found was that the 50 states are collectively facing $5.17 trillion in pension obligations, but they only have $1.94 trillion set aside in state pension funds.  That is a difference of 3.2 trillion dollars.  So where in the world is all of that extra money going to come from?  Most of the states are already completely broke and on the verge of bankruptcy.

#12 According to the Congressional Budget Office, the Social Security system will pay out more in benefits than it receives in payroll taxes in 2010.  That was not supposed to happen until at least 2016.  Sadly, in the years ahead these “Social Security deficits” are scheduled to become absolutely horrific as hordes of Baby Boomers start to retire.

#13 In 1950, each retiree’s Social Security benefit was paid for by 16 U.S. workers.  In 2010, each retiree’s Social Security benefit is paid for by approximately 3.3 U.S. workers.  By 2025, it is projected that there will be approximately two U.S. workers for each retiree.  How in the world can the system possibly continue to function properly with numbers like that?

#14 According to a recent U.S. government report, soaring interest costs on the U.S. national debt plus rapidly escalating spending on entitlement programs such as Social Security and Medicare will absorb approximately 92 cents of every single dollar of federal revenue by the year 2019.  That is before a single dollar is spent on anything else.

#15 After analyzing Congressional Budget Office data, Boston University economics professor Laurence J. Kotlikoff concluded that the U.S. government is facing a “fiscal gap” of $202 trillion dollars.  A big chunk of that is made up of future obligations to Social Security and Medicare recipients.

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

Companies all over America have been dropping their pension plans in anticipation of the time when the Baby Boomers would retire.  401k programs were supposed to be part of the answer, but if the stock market crashes again, it is absolutely going to devastate the Baby Boomers.

State and local governments are scrambling to find ways to pay out all the benefits that they have been promising.  Many state and local governments will be forced into some very hard choices by the hordes of Baby Boomers that will now be retiring.

Of course whenever a big financial crisis comes along these days everyone looks to the federal government to fix the problem.  But the truth is that after fixing crisis after crisis the federal government is flat broke …’

Underneath the Happy Talk, Is This As Bad as the Great Depression? Washington’s Blog | Even though the government’s spending on the economic crisis dwarfs the amount spent on the New Deal, our economy is still stuck in the mud.

America Has Gone Away Anyone who doesn’t believe that the US is an incipient fascist state needs only to consult the latest assault on civil liberty by Fox News. Instead of informing citizens, Fox News informs on citizens. Jason Ditz reports that Fox News “no longer content to simply shill for a growing police state,” turned in a grandmother to the Department of Homeland Security for making “anti-American comments.”

Jumping ship for private sector (Washington Post) [ Nothing new here! After all, given the state of the u.s. government (pervasively corrupt, mired in failure, nation’s defacto bankupt, totally incompetent, etc.), what possible value could such experience be other than peddling influence based upon professional criminal courtesy to, ie., other criminals of course, viz., frauds on wall street, war profiteers, pay-to-play lobbyists, etc.. It’s truly the backstory to america’s decline across the board, private sector and public sector. ] Regulators, prosecutors and financial policymakers look to cash in on their government experience.

Constitution's new starring role in House (Washington Post) [ Riiiiight!…Whew! That was a close one…we can all rest easy now…and to think we were thinkin’ they were goin’ in the wrong direction and sinkin’…for those skeptics who hail this as yet another desperate and redundant gimmick … have no fear, the new congress is here. ] ‘…They will read the Constitution aloud…’

Iraqi police commander killed in triple suicide attack (Washington Post) [ Well, at least al-Maliki understands the ‘physics of the situation’… you know, that ‘cause and effect thing’ … Iraq Wants the U.S. Out Infowars.com Prime Minister Nouri al-Maliki ruled out the presence of any U.S. troops in Iraq after the end of 2011, saying his new government and the country’s security forces were capable of confronting any remaining threats to Iraq’s security, sovereignty and unity. ]

SUVs lead U.S. auto sales growth (Washington Post) [ Sounds like a plan … ahead … for when $5 plus gas turns these eventual valued antiques into ‘luxury mobiles’ … for that Sunday spin (expensive at that) down Main Street much like the early 20^th 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.

Hollywood and the war machine [ I disagree. Yes, there’s plenty of propaganda to go around in Hollywood, as everywhere else; but, on balance, I believe more modern film particularly tends to paint war in the more realistically negative light. This is especially so inasmuch as there hasn’t been what anyone could call a so-called ‘good war’ to justify america’s war criminal behavior for quite some time. Of course, there’s no denying the jewish elements so stereotypical of Hollywood which does lend credence to the criticism; but such ‘pro-zionist revelatory filmmaking’ as that regurgitated by, ie., spielberg, etc., has become so predictably boring and devoid of reality that such films now pale in comparison and popularity to the anti-war films including offhand, ie., ‘Platoon’, ‘Apocalypse Now’, and more recently, ‘Hurt Locker’. It is true that in the past the military strong-armed even the likes of Frank Capra to their propaganda campaigns; and, it is also true that today’s attacks on first amendment protected speech are unprecedented in scope as a consequence of the perceived threat of truth (of america’s pervasive corruption, war crimes, fraud, etc.) leaking out all over … the internet (mainstream media is concededly totally controlled – I don’t include, ie., The Washington Post in the category of controlled media, but other papers, tv, etc., certainly should be). Yet, I think the criticism better directed at the source; viz., the criminal and corrupt elements of the american government et als, which is almost all. ( I admit to being somewhat biased and ‘I previously wrote on my site, ‘I happen to like and respect film as a rich medium which presents large amounts of audio, visual, and thematic information which can be processed in relatively small amounts of time, etc..’). ] Al Jazeera | War is hell, but for Hollywood it has been a Godsend, providing the perfect dramatic setting against which courageous heroes win the hearts and minds of the movie going public. Russia rebuffs Western criticism of oil tycoon's trial (Washington Post) [ As right they should! After all, is anyone foolish enough to believe that america’s illegal system is anything but a farce and a means to legitimize blatantly illegal activity domestically and internationally, while arbitrarily enforcing as to some and retaliating against others … does anybody really believe Assange would get a fair trial in america, or Orwellian britain, etc.. Pervasively corrupt america’s illegal system is a travesty and their propaganda dogs don’t hunt no more!

Army edits its history of deadly battle of Wanat (Washington Post) [ Come on! Does anyone really think they ever get a true story from the u.s. gov’t et als about anything at all? ] Draft put majority of blame on top commanders, but final version's focuses on lower-level leaders sparks anger among families of those killed.

A subtler tack to fight Afghan corruption? (Washington Post) [ How about a not so subtler tack to fight corruption starting right here in the u.s. of a. where corruption and crime are pervasive and in fact, at the root of the Afghanistan problems, from american reinvigorated heroin trade to bribery attendant thereto to killing civilians, etc.. Defacto Bankrupt, Meaningfully Lawless, War Criminal Nation america, the leader of nations … in crime:

Though having but 5% of the world’s population, america can boast 76% of the world’s serial killers, followed by Europe with England/UK then Germany leading the way for the eu [excerpt, 6 minute video, Serial Killers: Real Life Hannibal Lechters http://www.albertpeia.com/realifeamericaserialkillers.mpg (as is consistent with crime generally, see infra)]. Defacto bankrupt, fraudulent america also spends more on offensive (defensive a misnomer / propaganda) military spending than all the nations of the world combined, and by a large margin at that. Do you see a pattern emerging here [ I unfortunately only belatedly did, and the feds, fed employees, cia, all 3 branches of the u.s. government, etc., are included in this evolved american trait of inherent criminality in the most nefarious sense ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm      )   ]:

CRIME STATISTICS > TOTAL CRIMES (MOST RECENT) BY COUNTRY SHOWING LATEST AVAILABLE DATA (america’s No. 1).

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

… ]

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

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

TO THE BRINK

DHS SEIZES DOMAIN NAMES...
EU Debt Crisis Escalates...
6 American soldiers killed in Afghanistan...

Next Debt Crisis 'May Start in Washington'...
WIKILEAKS TURNS ON OBAMA! … [ Like who hasn’t, and for good reason! Publishing the Wikileaks is the right thing to do; after all, one cannot possibly look to even one rationally correct strategy, domestically, globally, geopolitically that would justify continued hiding/cover-up of the failed strategies, their genesis, flawed rationale, etc., which has cost this nation and the world dearly] ]
] Authorities are investigating whether Julian Assange violated criminal laws, including possible charges under the Espionage Act, sources say. Afghanistan:  Gates: Progress has 'exceeded my expectations' (Post, December 8, 2010; 5:53 PM)
U.S. hurting peace chances by giving up on israeli settlement freeze, analysts say (Post, December 8, 2010; 11:00 PM)
In South Korea, Joint Chiefs chairman scolds China for its 'tacit approval' of North's aggression (Post, December 8, 2010; 11:01 PM)
Iran talks end with little sign of progress (Post, December 8, 2010; 1:04 AM)
Rice, on 'The View,' defends Obama on WikiLeaks (Post, December 8, 2010; 1:00 AM) (Washington Post) [ The problems in all these regions are inextricably tied to the nation with insurmountable problems of its own and own making. That nation quite obviously is pervasively corrupt, meaningfully lawless, defacto bankrupt america (along with such comparable enablers / allies as zionist israel, nato, etc.. How can anyone believe anything they say, least of all gates who hails from C(ottage)I(ndustries of)A(merica) based on lies, chaos, and conflict.]

Americans Oppose Government Efforts To Take Over Internet According to a recent Rasmussen’s poll, most Americans understand the FCC’s internet regulations will be used by the government to push a political agenda.

Looking back at 2010 (Washington Post) [ I think Mr. Sloan should run for office or be appointed ‘Head of the Fed’ or u.s. attorney general, though his lack of ‘liar’ credentials might exclude the latter! ] I have performed a painful annual ritual ever since I began writing a column about 20 years ago: re-reading my work for the year and telling you about the things I got wrong and the things I wish I'd done differently.

Russia rebuffs Western criticism of oil tycoon's trial (Washington Post) [ As right they should! After all, is anyone foolish enough to believe that america’s illegal system is anything but a farce and a means to legitimize blatantly illegal activity domestically and internationally, while arbitrarily enforcing as to some and retaliating against others … does anybody really believe Assange would get a fair trial in america, or Orwellian britain, etc.. Pervasively corrupt america’s illegal system is a travesty and their propaganda dogs don’t hunt no more!

Army edits its history of deadly battle of Wanat (Washington Post) [ Come on! Does anyone really think they ever get a true story from the u.s. gov’t et als about anything at all? ] Draft put majority of blame on top commanders, but final version's focuses on lower-level leaders sparks anger among families of those killed.

A subtler tack to fight Afghan corruption? (Washington Post) [ How about a not so subtler tack to fight corruption starting right here in the u.s. of a. where corruption and crime are pervasive and in fact, at the root of the Afghanistan problems, from american reinvigorated heroin trade to bribery attendant thereto to killing civilians, etc.. Defacto Bankrupt, Meaningfully Lawless, War Criminal Nation america, the leader of nations … in crime:

Though having but 5% of the world’s population, america can boast 76% of the world’s serial killers, followed by Europe with England/UK then Germany leading the way for the eu [excerpt, 6 minute video, Serial Killers: Real Life Hannibal Lechters http://www.albertpeia.com/realifeamericaserialkillers.mpg (as is consistent with crime generally, see infra)]. Defacto bankrupt, fraudulent america also spends more on offensive (defensive a misnomer / propaganda) military spending than all the nations of the world combined, and by a large margin at that. Do you see a pattern emerging here [ I unfortunately only belatedly did, and the feds, fed employees, cia, all 3 branches of the u.s. government, etc., are included in this evolved american trait of inherent criminality in the most nefarious sense ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm      )   ]:

CRIME STATISTICS > TOTAL CRIMES (MOST RECENT) BY COUNTRY SHOWING LATEST AVAILABLE DATA (america’s No. 1).

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

… ]

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

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

TO THE BRINK

DHS SEIZES DOMAIN NAMES...
EU Debt Crisis Escalates...
6 American soldiers killed in Afghanistan...

Next Debt Crisis 'May Start in Washington'...
WIKILEAKS TURNS ON OBAMA! … [ Like who hasn’t, and for good reason! Publishing the Wikileaks is the right thing to do; after all, one cannot possibly look to even one rationally correct strategy, domestically, globally, geopolitically that would justify continued hiding/cover-up of the failed strategies, their genesis, flawed rationale, etc., which has cost this nation and the world dearly] ]
] Authorities are investigating whether Julian Assange violated criminal laws, including possible charges under the Espionage Act, sources say. Afghanistan:  Gates: Progress has 'exceeded my expectations' (Post, December 8, 2010; 5:53 PM)
U.S. hurting peace chances by giving up on israeli settlement freeze, analysts say (Post, December 8, 2010; 11:00 PM)
In South Korea, Joint Chiefs chairman scolds China for its 'tacit approval' of North's aggression (Post, December 8, 2010; 11:01 PM)
Iran talks end with little sign of progress (Post, December 8, 2010; 1:04 AM)
Rice, on 'The View,' defends Obama on WikiLeaks (Post, December 8, 2010; 1:00 AM) (Washington Post) [ The problems in all these regions are inextricably tied to the nation with insurmountable problems of its own and own making. That nation quite obviously is pervasively corrupt, meaningfully lawless, defacto bankrupt america (along with such comparable enablers / allies as zionist israel, nato, etc.. How can anyone believe anything they say, least of all gates who hails from C(ottage)I(ndustries of)A(merica) based on lies, chaos, and conflict.]

U.S. home prices drop 1.3% (Washington Post) [ Oooooh! Ouch … but no say the frauds on wall street … that’s a good thing … you know … that ‘affordability thing’ … yes, they say … sounds like a plan! ] Six regions hit new lows, and they're not expected to rebound anytime

Budget proposal to be delayed (Washington Post) [ At this point, who’s still counting … and does it count? I mean, near $14 trillion and counting, the question is ‘can they count’ … then there’s the real debt … Timid Tuesday: Is it Safe? Davis ‘… This is how we pay off our current debts and I think bondholders are simply happy to get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest thing about this (and you have to laugh) is to see Conservative pundits get on TV and talk about how we need to cut $100Bn worth of discretionary spending to "fix" this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no fixing this and even a Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ … Howard Davidowitz on the Economy: "Here Are the Numbers ... WE'RE BROKE!" 11-25-10 ‘The U.S. economy "is a complete disaster," Howard Davidowitz declared here in July, the most recent in a string of dire predictions from Tech Ticker's most entertaining guest.On the eve of Thanksgiving, I asked Davidowitz if he had any regrets, or was ready to throw in the towel given recent signs of economic revival. Are you kidding me? "Here are the numbers...we're broke," Davidowitz declares, noting the U.S. government goes $5 billion deeper into debt every day and is facing $1 trillion-plus annual deficits for the next decade. "In other words, we're bankrupt."As with the economy, Davidowitz is unwaveringly consistent in his views on President Obama, calling him "deranged, dysfunctional and discredited."Results of the midterm election show "the people of this country think we are in a catastrophe," he says. "I'm with them."Check the accompanying video for more of Howard's unfettered opinions and stay tuned for additional clips from this interview. And...Happy Thanksgiving! Aaron Task is the host of Tech Ticker. You can follow him on Twitter at @atask or email him at [email protected]’ ] President Obama expects to release his fiscal 2012 budget a week later than the timetable set out under the Budget Act of 1974.

2010 worst year for bank failures since 1992 (Washington Post) [ And you can safely say the worst is not over and there’s more to come …’ Suttmeier ‘5 Economic Themes for 2011 (6 more are on their way): … 3.The banking system is supposed to de-lever risk, but it has not. When I look at the Notional Amount of Derivative Contracts I cringe at the fact that since the end of 2007 this risk category has grown $71.6 trillion since the end of 2007, that’s an increase of 43.5% to $236.4 trillion at the end of the third quarter in an environment where banks should be de-leveraging not adding to this risk where financial time bombs are ticking…’ ‘Deadbeat’ TARP banks on rise (Washington Post) [ Sounds like a plan! Viz., when worthless paper / securities / toxic assets are being carried in the trillions now marked to anything (as per legislated mark to anything FASB rule change), the reality is that there’s no real surplus from which to pay dividends, etc.. ] Obama administration steps up monitoring of banks that miss required payments. ] The nation is closing out the year with 157 bank failures, up from 140 in 2009.

5 Economic Themes for 2011 Suttmeier ‘5 themes for 2011 (6 more are on their way):

1. Home prices will resume a decline that began in mid-2006. We had the home buyer tax credits expire in mid-2010, and government sponsored mortgage modifications provided limited help. In 2011 we face continued foreclosure issues including questionable documentation, and banks have a record high Other Real Estate Owned (OREO). OREO is up to $53.2 billion at the end of the third quarter, up 338.2% since the end of 2007. Depressed home sales are being sold at a 30% to 35% discount, which reduces property appraisals at the county level. Home builders will have to compete with these lower prices and we need a mortgage modification program for all Americans, not just those at risk of losing their homes. QE2 is not working and US Treasury yields are higher causing mortgage rates to rise. “The Great Credit Crunch” began with housing, and that foundation needs repair before Main Street can recover with sustainable job creation.

2. 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.

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.

4. 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.

5. Because of the housing market depression and stress in the banking system the unemployment rate will stay above 9% for all of 2011.

Tracking the US Capital Markets – US stocks are overvalued fundamentally and overbought technically on both daily and weekly charts. The snow storm causes stocks to drift lower and higher.

• The major equity averages are below this week’s risky levels as the year draws to a close at: 11,629 Dow, 1269.4 SPX, 2682 NASDAQ, 5215 Dow Transports and 808.57 Russell 2000.
• Fifteen of sixteen sectors are overvalued according to ValuEngine with only 37.9% of all stocks undervalued. At 35% the stock market tends to find a top. Only 17.4% of all stocks are undervalued by 20% or more.

The Yield on the 10-Year Note (3.345) – Tested this week’s value level at 3.494 with today’s risky level at 3.306.

Comex Gold ($1384.2) – The 50-day at $1372.1 held at the low on Monday with this week’s risky level at $1401.2.

Nymex Crude Oil ($90.79) – Reached a new high for the year at $91.88, shy of this week’s risky level at $93.28. Support is the 21-day simple moving average at $88.24.

The Euro (1.3163) – My weekly value level is 1.2906 with 200-day simple moving average at 1.3087 and quarterly pivot at 1.3318, which goes away at the end of the year.

The Dow Industrial Average (11,555) – Remains extremely overbought on both daily and weekly charts. The 21-day simple moving average is 11,384 with a daily pivot at 11,569 and this week’s risky level at 11,629.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Market Crash on 12/31/10? Technical indicators suggest market collapse may begin by December 31st Why Stocks Could Collapse...Beginning as Soon as December 31, 2010! The Fed has propped up the equity markets for months ... but that could soon come to a disastrous end! Dennis Slothower is one of the world’s leading technical analysts. He’s one of the few advisors whose readers completely avoided ALL losses during the disaster that was 2008. And now he’s issuing another dire warning. His technical indicators suggest that the market manipulation we’ve seen over the last several months is about to come to an end…and that means thousands of investors are about to get clobbered. This correction could begin as soon as December 31st– so it’s important that you take action now to prepare yourself. Click on the link below for immediate access to Dennis Slothower’s latest report, which will explain – in plain English – just how Dennis saw the collapse of 2008 coming…and how he’ll help you avoid disaster in the weeks ahead. http://www.stealthstocksonline.com/reports/FreeReport4StealthStocks.pdf

Don't Be Fooled By Investment Disinformation [ While this is axiomatically true, it is also true that one must go beneath the numbers to find the reality underlying particularly manipulated moves which, as one might expect from a forbes contributor with an indirect bobblehead nod to the u.s. market based upon, ie., ignoring such things as the debased dollar, insurmountable debt, fraud, etc.. The u.s. numbers are a joke to keep ‘fools rushin’ in’, to keep them sucked in, etc.. ]

What's Coming in 2011? More Gloom, But Not Necessarily Doom Krasting ‘Oh boy, is 2011 going to be an exciting year! Some things that I think might happen:

• Volatility is going up across the board. If you have the stomach for the swings that are coming across all markets, there is a ton of money to be made; balls and timing are all that are necessary. The markets will create dozens of opportunities to make and lose.
• There will be 50 days with a swing in the S&P greater than 1 percent. There will be 10 days where gold swings $50. There will be two days with a drop greater than 100 bucks. Most of the big moves will be down moves. Bonds will not be spared the volatility.
• Gold will be higher a year from now, but off its peak. At some time in the fall, gold will be near $1,800 and The New York Times will do a front-page story that gold is on its way to $2,000. That will be the high point of the year.
• Copper will continue to rise. This metal will benefit as the poor man’s gold. Why buy an ounce of something for $1,600 when you can have a whole pound of something else for only $5? The logic is compelling only because there is no logic. Increasingly, it will become understood that money does not hold value. Copper will do a better job of storing value then a Treasury Bond.
• The U.S. bond market is in for a heck of a year. The 30-year will trade at both 3% and 5 percent. Higher rates will come early in the year, then the deflation trade will come back into vogue.
• Spain will be the next sovereign debtor that falls prey to the market. This will happen before the end of the 1st Q. The package to bail them out will exceed $500b, which will exhaust EU resources. There will be very high expectations that contagion will then move to Italy; that will not happen in 2011 (but might in 2012?). The European Central Bank (ECB) will step up to the table (finally) and support the market for Italy. Sometime between March and June, Italian bonds will be a great buy.
• The IMF will contribute $125b to the Spanish bailout. The U.S. portion of this will be $25b. Republican Senators and Congressmen go nuts. The American people will side with them. "How can we help Spain but not California?" will be the mantra. In the end, the IMF commitment will stand. But that will be the last time the U.S. contributes to a sovereign bailout. This will prove to be very destabilizing at some point after 2011.
• The ECB will be forced to issue bonds that are joint and several debt of the EU members. This development will stabilize the EU temporarily, but it will be hated in Germany. The amount of the new issuance of these bonds will be small. The program will be terminated in 2012.
• The dollar versus the euro will be all over the lot. The low for EURUSD will be ~1.17. The really big surprise is that toward the end of the year, the euro will be pushing 1.50.
• The franc will be like copper. It will attract investors as there is no good alternative. Before June EURCHF will trade below 90.
• The market will finally wake up to the fact that the yen is not a good store of wealth. The continuing argument will be, “Yeah, the yen stinks, but everything else is worse so it should be okay." Wrong. The yen is a short. The best currency trade of the year will be long sterling/short yen. There will be better levels to put this trade on than exist today; be patient.
• The U.S. will have a full year deficit of $1.4 trillion. This depressing reality will hang on the U.S. economy/markets. Congress will talk about the problem endlessly, but little will be accomplished. By the end of the year, the problem will be so acute that belt-tightening is put in place for 2013-15 ... but it will be too late by then.
• QE2 will be the last QE we see. The program will end (on schedule) on June 30. Perversely, long-term interest rates will rise as long as QE continues. When the program is finished, rates will begin a rapid decline. This will not go unnoticed by academia. The result will be that QE will be a disgraced policy that will not be used again for at least five years.
• The high for the S&P will occur before June. The S&P will fall short of 1,500. The low will be 1,100.
• Oil will rise to $130 in the next six months. It will be above $100 at the end of the year.
• China’s inflation rate will continue to rise. Food will be the primary driver. The central government will respond with monetary tightening and an acceleration of the yuan appreciation. It will not work. Inflation will push 7 percent. The domestic economy will continue to grow, but at a much smaller pace. 5% GDP growth will be only 5% for the year. The trade surplus will fall by a third.
• Brazil will continue to shine as a resource-rich country that runs a trade surplus and has low budget deficits. The surprise of the year will be Argentina. Food will be the reason. Argentina’s fortunes will improve with rising wheat and soy prices.
• The U.S. will wind down its presence in Iraq. With each step we take out the door, domestic violence will rise. Iran will assume a larger role in the south, especially in Basra. This will not go over well with the U.S. Much of the year will be spent debating what should be done. U.S. warships will be off the Iranian coast waiting for a phone call, but no shots will be fired. Russia and Germany will not go along with strong sanctions against Iran. The problem will fester toward a resolution in 2012.
• Kim Jong-il will die. His son, Kim Jong-un, will take over. The heir is a nut; there will be more military exercises that result in shells landing on South Korean soil. China will make public statements that it is trying to bring order; behind the scenes, it will be applauding the chaos.
• Obama’s popularity will continue to fall. The legislative “successes” at the end of 2010 will convert to a series of failures. There will be no new stimulus. Portions of the health care legislation will be dialed back. The mandatory participation feature will be found unconstitutional. Without this feature the legislation makes no economic sense, and a great debate will be initiated as to what to do about it. Nothing will be accomplished. Reason? There are no “answers” to this problem.
• Obama will propose a means test for Social Security in his State of the Union address. Retirees who are living the high life (Warren Buffett types) are going to have their Social Security checks cut to the bone. Any senior with income of $200k will be impacted. The great socialization of Social Security will have begun. The popularity of this program will fall off a cliff.
• The 2% reduction on worker contributions to Social Security will be extended and expanded to 3% for 2012. Rates will not go up in future years. Social Security will have to be gutted as a result. This will not happen in 2011. But the seeds will be sown for this to occur in 2014.
• 2011 will be a stock pickers' market. Index investing will see a bad year. Some of the darlings of 2011, like Apple (AAPL) and Netflix (NFLX) will not fare so well. While I don’t see big declines in these stocks, there are much better places to put money to work. M&A will be a dominant theme; that is where the action will be.
• There will be at least three more "flash crashes." The SEC will launch another investigation into how this could happen. The conclusion will be that ETFs and how dealers manage them are responsible for the liquidity problems in individual stock names. There is no solution to this problem. The market will be on edge looking for the next mini-crash. A stock will fall prey to this and drop 20% in seconds. Unlike prior examples, there will be no recovery in the stock. Holders will protest the losses. There will no restitution. Market confidence will fall as a result.
• Meredith Whitney will be proven wrong in her forecast that 50-100 munis go Chapter 9 this year. The process to insolvency takes much longer than she has anticipated. Only 11 munis will make a chapter filing; the rest will be pushed to the brink in 2012.
• The center of attention will move away from California as the most bankrupt state. In his State of the State address in January, New York’s new governor, Andrew Cuomo, will fess up to the fact that for the past year of so New York has been burying its problems. Substantial cutbacks in spending will be the result. New York State long -term GOs will trade at 6% at some point in the year.
• Unemployment will not go down. The average for the year will be above 10 percent. The number of workers who leave the system will rise to 20mm. These workers will find part-time jobs that pay cash. The new day-workers will compete will illegals for employment. Social tensions will be the result.
• The Chevy Volt will not sell well. Boeing (BA) will be unable to complete a single Dreamliner. GM (GM) will trade below $30; Boeing will hit the low $50s.
• The Singapore dollar will be the strongest currency on the globe in 2011.
• Apple will not come up with a new product this coming year. The rest of the consumer tech manufacturers will gain some market share. The problems with dropped calls with the iPhone will be an issue. Apple will respond with alliances with a number of other providers. AT&T's (T) stock will suffer as a result.
• Headline inflation will rise a bit, and will push through 2 percent. Those numbers are meaningless. The price of a pair of jeans will be 50% higher. Food will cost us 15% more. Gas will be at $4. Bernanke’s QE will be blamed for the inflation.
• Much to my chagrin and surprise, Tim Geithner will not be replaced as Treasury Secretary. He will continue to do a very mediocre job for us. He will be replaced in January of 2012.
• Comcast (CMCSA) will complete its acquisition of NBC/CNBC. One of its first acts will be to fire Mark Haines. Nothing will help. The ratings will continue to fall. Becky Quick will move to Fox Business. Diana Olick will get her own show. She is being groomed to be the next Suzie Orman. Simon Hobbs will return to London.
• Fannie (FNMA.OB) and Freddie (FMCC.OB) will be merged. Out of the ashes will come a good bank and a bad bank. The bad bank will hold $2.5 trillion in questionable mortgages. The U.S. will end the year exactly where it started on this critical issue. The federal government will be responsible for more than 95% of all new mortgages issued.
• Washington's other mortgage lender, the Federal Housing Authority (FHA), will run into troubles. Its minimum reserve level set by Congress will be breached. A bailout will be required. The true cost is buried. The bailout will be less than $20b. As this is a problem for the Senate, the legislation will be passed quickly.
• There will not be a "failure of a government" bond auction. But the coverage for each issuance will grow smaller. China, Russia and Brazil will reduce their holdings of U.S. reserves. The mysterious "household" sector will show a huge increase in Treasury holdings. This will be confusing, as it will not match up with other data. U.K. reserve holdings will show a decline. These are actually holdings of China that were not included in official reserves. This will bring uncertainty.
• "Mortgage-gate" will die as a headline story. In fact, it will go the other way during the year. Increasingly, the problems in real estate will be focused on the fact that there have been too few foreclosures. The fact that too many people had been living in a home without paying a dime becomes a cost that all have to bear. As a result, there will be a much higher level of foreclosures throughout the year. Contrary to expectation, residential real estate for average-priced homes will not decline much further. However, prices for high-end homes will continue to fall. Anything with a price tag of greater than $1mm will be worth 20% less by the end of the year.
• The narco violence in Mexico will expand to many more cities; tourism will be hurt as a result. Some of the violence will pass over our border. Anti-immigration attitudes will expand. Because the low-end economy will remain in the dumpster, the actual number of illegal aliens will decline by more than 1mm. This will add to the RE woes in some U.S. areas. It will stress the countries that they originated from as dollar remittances decline.
• Interest rates will be higher throughout the year for corporate bonds and munis. This will bring a reversal of the mania to buy dividend stocks. Those who thought that this investment strategy would work for them will be disappointed. The number of hucksters pushing the dividend story will grow in number while the popularity of the strategy declines.
• Jon Hilsenrath will write an article for The Wall Street Journal that is actually critical of the Fed. The unpopularity of the Fed will rise to such a level that Jon will have no choice but to follow suit.
• The Fed will come under attack from all sides. It is truly in a no-win situation. Unemployment will continue to rise while inflation rises and the dollar declines. One side will shout that the Fed did too little (Krugman), others that it did too much (the rest of the world). Everyone will hate the Fed as a result. Bernanke will not lose his job, but his term as boss at the Fed will be forever tainted.
• ZIRP will be with us for yet another year. Bernanke will not let go of this loser policy. Inflationary expectations will respond at some point. By the end of the year, a Fed funds rate increase will be seen as imminent even though the economy will be soft.
• Social unrest will become visible in America in 2011. There will be demonstrations in many major cities. Some will turn violent. Economics will be at the heart of the anger. The frustration that was evident in France in recent years will come to the U.S.

Have a great year!’

Artificial intelligence to transform web: Russian tycoon (AFP)

J.P Morgan, the ultimate *ankers of 2010 Economic Assassin | The contracts that Bear Stearns once held on silver have now been taken over by J.P Morgan, allowing them complete control on the paper price on silver.

GAO Sees Problems in Government’s Financial Management Accounting Today | Government Accountability Office Can’t Hold Government Accountable.

War Would End the Recession? Steven Horwitz | Krugman says destruction creates wealth.

9 Signs That The Price Of Oil In 2011 Will Soar Well Beyond 100 Dollars A Barrel

Will we see the price of oil rise significantly in 2011? Unfortunately, that appears to be precisely where we are headed. Despite stubbornly high unemployment and a very sluggish economy in the United States, the price of oil continues to creep upward. Ex-Shell president sees $5 gas in 2012 The former president of Shell Oil, John Hofmeister, says Americans could be paying $5 for a gallon of gasoline by 2012.

Nearly 100 bailed-out banks may collapse all the same: analysis The $700-billion bank bailout, launched in the final months of the Bush administration, was meant to save US financial institutions from a systemic collapse.

Andy Xie: Either America Or China Will Crash In 2011 The most likely candidates to trigger the next global crisis are the U.S.’s sovereign debt or China’s inflation. When one goes down first, the other can prolong its economic cycle.

Non-US Banks Gained from Fed Crisis Fund Some of the world’s strongest banks have profited from an emergency credit facility set up by the US Federal Reserve to shore up confidence in the global financial system, according to a Financial Times analysis of data released by the Fed.

Midas Resources: QE2 Explained Midas Resources explains how QE2 works and why it is killing the dollar and our future.

National / World

Chris Matthews Wants Obama to Produce Birth Certificate Kurt Nimmo | MSNBC is worried that the “birther issue” has grown legs and is about to swamp the Barry Obama administration.

Alex Jones’ Audio Blog: War on Common Sense – Losing Our Cultural Instincts Under the NWO THElNFOWARRlOR | Recorded during his break on Christmas Eve, Alex discusses how we are deep into a long-term agenda to conform humanity to the globalists’ system.

Social Security is not “Insurance” Ron Paul | Social Security does not represent an old age pension, an “insurance” program, or even a forced savings program.

Amerika Has Caught Up With 1984 Paul Craig Roberts | America’s future is the world of Winston Smith.

10 New Year’s Re-Solutions For Non-violent Rebellion Activist Post | The only reason the system is maintained is because the majority still acquiesce to it.

Alex Jones’ Audio Blog: War on Common Sense – Losing Our Cultural Instincts Under the NWO Recorded during his break on Christmas Eve, Alex discusses how we are deep into a long-term agenda to conform humanity to the globalists’ system. Under modern day mind control, individuals willingly defend their road to servitude while learning to shed their family, culture, values and instinctual defenses against domination by the ruling predator class.

Chris Matthews: Why Doesn’t Obama Just Release The Birth Certificate? On Monday night’s edition of “Hardball,” host Chris Matthews talked about putting the birth certificate controversy surrounding President Obama to rest.

The Secret Of Queen Elizabeth Exposed Alex Jones and Aaron Dykes discuss the British Royal Family and the Groom of the Stool.

Gold Surges To Two Week High As $1,400 Level Exposes Many To Pin Risk To be sure, we assumed that this merely opens the way for yet another year end rally to all time highs, in line with the prediction by John Embry from two days earlier.

Pilot Who Took On Big Sis Goes Public The airline pilot who lost his federally-issued gun and badge for posting video on YouTube critical of airport security has chosen to go public with his identity.

2011: “Dissent Is What Rescues Democracy” The year 2011 will bring Americans a larger and more intrusive police state, more unemployment and home foreclosures, no economic recovery, more disregard by the US government of US law, international law, the Constitution, and truth, more suspicion and distrust from allies, more hostility from the rest of the world, and new heights of media sycophancy.

With food safety bill, U.S. government will spend nearly $1 million per person to prevent food-borne illness deaths The recently-passed Food Safety Modernization Act, which was passed in order to prevent food-borne illness deaths in the USA, will cost $1.4 billion over the first five years. But nobody thinks about the economics of the issue. How many people are we going to save by spending this $1.4 billion, even assuming it works?

US declined to investigate suspected Mossad assassination, cable shows The US government lied about a request from the United Arab Emirates (UAE) government to probe the death of a Hamas military leader, according to a recently released US State Department cable from secrets outlet WikiLeaks.

High-risk insurance pools attracting few (Washington Post) [ As if we didn’t already know we can’t believe anything thet say! ] Early feature of the new health-care law isn't attracting as many customers as expected.

Iraq:  2 suicide bombings kill 19, wound 45 (Washington Post) [ Progress breakin’ out all over …
Britain charges 9 of 12 arrested in terror plot (Post, December 27, 2010; 4:07 PM) …blowback’s a bitc*h! …
Conflicting accounts of deadly raid in Kabul (Post, December 27, 2010; 6:32 PM) WikiLeaks papers detail Iraq torture, US killings Al-Jazeera on Friday released what it called “startling new information” from US documents obtained by WikiLeaks, alleging state-sanctioned Iraqi torture and the killing of hundreds of civilians at US military checkpoints. Julian Assange to RT: WikiLeaks gives ‘most accurate picture of war’ The shocking WikiLeaks release, which has revealed thousands of unreported civilian casualties in Iraq, is the most accurate picture of war ever made, and it is food for thought, says the website’s editor-in-chief. The report, condemned by the Pentagon, claims that US commanders in Iraq ignored evidence of torture and the murder of civilians. Spiegel: WikiLeaks logs may reveal war crimes In its early analysis of the Iraq war logs released by whistleblower site WikiLeaks on Friday, the German paper Der Spiegel pointed to several accounts of what it calls “dubious attacks” by US Apache helicopters that may have amounted to war crimes.Secret Iraq war records reveal grim new details (Washington Post) Logs released by WikiLeaks offer chilling insights about conflict's death toll and the tactics of Iraqi leaders who have taken over as U.S. troops exit. [ Now why did I think the u.s. military’s numbers were all wet? Poll: Does WikiLeaks put soldiers in danger? I haven’t looked at this poll, but my inner poll says needless wars in other people’s lands put soldiers at risk, particularly when your nation is defacto bankrupt. ] Previous: 77,000 Iraqis killed from 2004 to August 2008, U.S. military says (Washington Post) [ And you can take that to the fraudulent american bank … riiiiight! … Come on … americans lie about everything and certainly this … A conservative estimate from AP through only 2007: Study: 151,000 Iraqis died in conflict’s violence Surveyors face danger to count casualties from 2003 to 2006 The Associated Press - updated 1/9/2008 7:15:50 PM ET 2008-01-10T00:15:50 About 151,000 Iraqis died from violence in the first three years after the United States invaded, concludes the best effort yet to count deaths — one that still may not settle the fierce debate over the war's true toll on civilians and others … americans are just lying war criminal american scum. Obama’s Finest Hour: Killing Innocent People For “Made-Up Crap” Floyd Empire Burlesque Oct 22, 2010 If ever I am tempted by the siren songs of my tribal past as a deep-fried, yellow-dawg Democrat, and begin to feel any faint, atavistic stirrings of sympathy for the old gang, I simply think of things like the scenario below, sketched last week by Johann Hari, and those wispy ghosts of partisanship past go howling back to the depths: … Unauthorized US strike kills 4 Pakistanis A non-UN-sanctioned US strike on a house in Pakistan’s tribal region of North Waziristan has killed four civilians and injured two others.]

Rise in mergers may spell trouble for jobs (Washington Post) [ Lifelines for a few, obfuscation of impending disaster for most, fraudulent wall street just loves those fees, and though contraindicated, the potential talking points thereby. ] Some corporate mergers this year have been shadowed by fears of layoffs.

Toasting the bad economy (Washington Post) [ As indeed the Russians should since they have much to celebrate. Russian tiger team hails success yahoo Moscow's unprecedented military deal (Washington Post) ( France should be praised inasmuch as a strong Russia, and conversely, a weak perpetual war, war mongering, war crimes, pervasively corrupt nation, america is optimal for world peace! ) Russia is last in series of major powers to seal valuable deals with India (Washington Post) ( Bravo for India … a deal with Russia is a deal with a future! ) ] Their country still endures the sting of economic crisis, but Russians plan to drink up this holiday season. Applebaum: The 'decline of the West' (Washington Post) [ It really is true … and, no leftist sympathizer with his book of the same name, none other than Buchanan says as much. The reason of course is based on reality. From Orwellian Britain, to failed nation-state the pervasively corrupt and defacto bankrupt wobama-bushland america, to perpetual war ‘me-toos’ (ie., nato allies, war crimes nations israel, u.s., etc.), their frauds (wall street, etc.) protected, laws meaningless(see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) , their ruthless suppression subtle, hidden, but odious as never before in their respective histories, the west at best has become that ‘distinction without significant difference’ and heading to worse than can be imagined. Of course they’ll lay blame to something other than the huge frauds / wealth transfers that have plundered the nation. Indeed, one could even cogently argue that said plundering gave rise to the flawed, failed communism lie in the first instance. Yet, Russia, a great nation with a rich history is not a communist nation, did not violently suppress the people as they shirked that communist yoke / albatross, is not as defacto bankrupt, meaningfully lawless, pervasively corrupt america engaging in perpetual wars of destruction to persons and property, and with a great leader of historical dimension in Putin is a far more rational choice than the bankrupt west on all levels. As for communist china, it has truly been a self-defeating, self-destructive creation of the west out of greed which is in no short supply in the west. PREVIOUS:

Wikileaks founder freed on bail (Washington Post) [ ‘… Moore (correctly) asserts that Assange is under attack solely because he had the courage to expose American war crimes. Moore writes:

We were taken to war in Iraq on a lie. Hundreds of thousands are now dead. Just imagine if the men who planned this war crime back in 2002 had had a WikiLeaks to deal with. They might not have been able to pull it off. The only reason they thought they could get away with it was because they had a guaranteed cloak of secrecy....

So why is WikiLeaks, after performing such an important public service, under such vicious attack? Because they have outed and embarrassed those who have covered up the truth…’

Though Assange’s arrest was on far more tenuous grounds owing to a CIA-linked girl, Roman Polanski was similarly targeted:

BBC News - Roman Polanski triumphs at European Film Awards Dec 5, 2010 ... Roman Polanski's thriller The Ghost Writer wins six prizes at the European ... Polanski was working on the film at the time of his arrest in ...
www.bbc.co.uk/news/entertainment-arts-11921048 {I strongly recommend this, of course, masterfully done film which deals with exactly that topic and the sordid, unscrupulous machinations of the cia / u.s. (no wonder the u.s. opted out of coverage by world treaty / The Hague thereby) to avoid detection of, and to further such activities as the war crimes referenced.}

Don’t forget: america has their own untouchables in the illegal sense, ie., wall street, etc., and In interview, Bush defends Iraq war and waterboarding (Washington Post) [ Defending the indefensible … what choice does he have … then there’s the lies … ] Bush breaks silence, writes next chapter (Washington Post) [ As a failed president and war criminal himself, moron dumbya bush is among the few in the world that makes failed president wobama look plausibly good in comparison … wobama merely continued the failed policies of dumbya (perpetual war, no pros the frauds on wallstreet, etc.) that got pervasively corrupt, defacto bankrupt america to this point of decline and failure. ] Anne E. Kornblut Your take: His most memorable moment? [ Like regrets in that old song (his way) he’s had a few – http://albertpeia.com/evilonthetarmac.htm here’s a few: bushisms from bush the brain-damaged moron http://albertpeia.com/bushisms.htm :

Clinton Speaks: He Did It Because He Could - There Are Serial Killers On Death Row Who Have Killed Fewer People Than Unconflicted, Pathological Liar/Perjurer, Rapist, and Murderer, Psychopath criminal american clinton

· clinton Flashed ("Dropped his Drawers") Paula Jones and Implored Her To "Kiss It" (his p***s, which owing to distinctive "marking/disfigurement" she was able to describe)

· clinton "Cops a Cheap Feel/Grope" From Kathleen Willey In Attempting Prey Upon Her Perceived Vulnerability

· clintonites Threaten Dolly Kyle Browning In Attempting To Intimidate Her Into Giving False Testimony

· clinton Brutally Rapes Juanita Broaddrick

· clinton Was Asked To Leave Oxford Owing To Sexual Assault Of A Fellow Student

He Does It Because He Can

On March 11, 1999, Investor’s Business Daily reported that at least nine (9) women have now charged that Clinton "personally assaulted them or, through his ‘agents’ or ‘people,’ threatened to do them or their families physical harm." The list includes Dolly Kyle Browning, Gennifer Flowers, Juanita Broaddrick, Paula Corbin Jones, Kathleen Willey, Monica Lewinsky, Linda Tripp, Sally Perdue, and Elizabeth Ward Gracen. "And all of them say they’re afraid for their safety so long as he remains in power."

CLINTON BODY COUNT

By: Ether Zone Staff

Here is the latest body count that we have. All of these people have been connected with the Clintons in some form or another. We have not included any deaths that could not be verified or connected to the Clinton scandals. All deaths are listed chronologically by date. This list is current and accurate to the best of our knowledge as of January 13, 1999 August 1, 2000. (see complete list http://albertpeia.com/bodycount.htm ) …’ ]

Robinson: On track to nowhere in Afghanistan (Washington Post) [ I agree with Mr. Robinson and we should be thankful that he’s watching closely and, unlike so many others, he has courage enough to say so :

Obama's glaring ego (Washington Post) [ Come on! Now known for what he really is; viz., an insecure, dysfunctional, jive-talking b*** s*** artist, he’s just once again, but typically wrong, and is nothing to have an ego about. Robinson: White House is eerily silent on taxes (Washington Post) [ Eerily? I think not! Expectantly? I think so! That is, once you get beyond the wobama b*** s*** ! And, truth be told party distinctions are merely distinctions without significant differences (no prosecution of the wall street frauds, wars raging in Afghanistan / Middle East, etc.. But alas, as to the ‘wobama whitehouse’ this was predictable early on as by David Icke : Barack Obama: The Naked Emperor Shocking but true revelations from David Icke (a must read) | ‘Vast numbers of people across the world, including many who should know better, have been duped by the mind-game called Operation Obama... (excerpts) Obama has been the chosen one for a long time, a fact known only to a few in the deep inner circle, and his relationship with Brzezinski almost certainly goes back to the start of the 1980s when he attended the Ivy League, and big-time Illuminati, Columbia University where Brzezinski was head of the Institute for Communist Affairs. Obama simply will not talk in any detail about this period. He has been covertly funded and supported ever since by the Trilateral Commission and its network of foundations connecting into the Ford Foundation, for whom Obama's mother worked. And a question: Does anyone really believe that someone, a 'man of the people', would simply appear from apparently nowhere to run the slickest and best-funded presidential campaign in American history? He was chosen long ago by those who wish to enslave the very people that Obama says he wants to 'set free'. The sources of Obama funding read like a Wall Street Who's Who - Goldman Sachs, UBS, Citigroup, Credit Suisse, Deutsche Bank, J.P. Morgan Chase, Morgan Stanley, and so on. No wonder he went back on his pledge to accept the limitations of public funding for his campaign and instead took the no-limit option of 'private funding. Then there is the Jewish financier, George Soros, the multi-billionaire associate of Brzezinski and closely involved with the funding and marketing of Obama. Soros is a former board member of the Illuminati's Council on Foreign Relations and funds the European Council on Foreign Relations. In short, he is a major insider' You can certainly see the Soros/Brzezinski techniques in the Obama 'revolution' in the United States. It was the complex and secretive network of Soros foundations and organisations, connected to the intelligence agencies of the US and Israel, that trained and funded students in the Ukraine, Georgia and elsewhere in the art of mass protest and overthrowing governments. These manufactured protests were sold to the world as peoples' revolutions, but it just so happened that when they were over and the old regime was removed the new leaders were those waiting in the wings all along - the puppets of Soros, Brzezinski and their associated networks. Obama is just more of the same, a big smile with strings attached, and controlled completely by the Illuminati networks that chose him, trained him, sold him and provided his record funding. It was they who kept his many skeletons under wraps, like the gay sex and crack cocaine allegations of Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to be with your Presidential camp, who is alleged to claim that someone claiming to represent me called asking for $100,000, to keep me from coming forward about our (Obama and I) November 1999 encounter of sex and cocaine use?), and they will continue to do so as long as he jumps to their bidding. Obama is just another Banksters' moll prostituting himself for fame and power, and that's why he supported the grotesque bail-out of the banking system and why he will always put their interests before the people. His financial advisors are straight from the Wall Street 'A' list, including Paul Adolph Volker (Trilateral Commission, Council on Foreign Relations, Bilderberg Group), the head of the Federal Reserve from 1979 to 1987 and Illuminati to his fingertips. Obama has made him head of the Economic Recovery Advisory Board, which is dominated by insiders, including its staff director and chief economist, Austan Goolsbee, a close Obama associate from the University of Chicago. Goolsbee is an initiate of the infamous Illuminati Skull and Bones Society at Yale University, which also includes Boy and Father Bush. It was Goolsbee who told the Canadian government not to worry about Obama's attacks on the economic effects of free trade agreements because his words were just to win votes in the election campaign. Another Wall Street insider, the Zionist Timothy Geithner (Bilderberg Group, Trilateral Commission, Council on Foreign Relations), was appointed by Obama to be his Treasury Secretary. Geithner was the President of the New York Federal Reserve Bank, the most powerful in the private Federal Reserve cartel that masquerades as America's central bank, and he is a former employee of both the Council on Foreign Relations and the appalling Kissinger Associates. Obama's Treasury team locks into the inner circle around the Zionist Robert Rubin, the Director and Senior Counselor of Citigroup, co-chairman of the Council on Foreign Relations, and economic advisor to Obama. Rubin, a member of the Illuminati Bilderberg Group, was the man behind Citigroup's strategy of expanding its risk in debt markets which forced it to be rescued by taxpayers' money. The very people who caused the financial crisis are being appointed by Obama to decide how to respond to it (more taxpayers' money for them and their friends) ‘
The following youtube video is well worth the look and explains how and why the frauds on wall street have gotten away with their devastating fraud thus far. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ...’  US v. AZ... Cases against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has promised to hold Wall Street accountable for the meltdown. ):

‘THE OBAMA DECEPTION’ http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1 – well worth a look. [ The Obama Deception Number 1 on U.S. Google Trends ]

While boner and barton are indeed jokes / vegetables that bespeak the single-digit approval rate for congress, obama’s failure to deliver on promises with as well, endless war spending despite defacto bankruptcy of the nation and a watered down nothing financial regulation bill for talking points but little substance, make him as big a joker. This well researched / produced video tells the real story : http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1 ‘THE OBAMA DECEPTION’ – well worth the view. [ The Obama Deception Number 1 on U.S. Google Trends ]

‘The Obama Deception’ Censored A viral You Tube upload of one of Alex Jones’ most popular feature films ‘The Obama Deception’ has been censored following a spur of the moment campaign to elevate the movie’s title to the top of the major internet search engines. In light of this development, I provide an archived site version which appears to be complete (but will be compared with earlier version and replaced with same if incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv

Then there is the well researched, produced, and informative ‘ESOTERIC AGENDA’ which explains how we’ve gotten to this forlorn point: http://video.google.com/videoplay?docid=-7052400717834950257# [ youtube is often down – website archived version is available as follows: http://www.albertpeia.com/esotericagenda.flv http://www.albertpeia.com/esotericagendalinktoarchive.htm ]

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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.

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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

3. "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

4. "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

6. 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, 3^rd 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. 5^th Street, #404

Los Angeles, CA 90013

(213) ******** (cell phone)

(213) 622-3745 (listed land line but there are unresolved problems with the line, computer connection may be the reason but I hesitate to chance greater non-performance / worsening by their ‘fix’ so cell phone best for contact).

Part 2: Woodward's 'Obama's Wars' Don't get 'locked into Vietnam,' Biden warns (Washington Post) [ Yeah, when you have a lobotomized VP you tend not to trust their opinion; but, I think they just cover their bases … you know, that Kerryish both sides of all issues thing. In any event, wobama bought this continued debacle and bears fault with the other Zionist war mongers. Previously (on Iraq and Afghanistan, infra): Obama: 'It is time to turn the page' on Iraq war (Washington Post) [ Oh come on! How patronizing to have wobama spew his b*** s*** which b.s. has become synonomous with wobama; ‘to give Iraqis the chance to shape their future’… Iraq’s been destroyed, covered in cancer-causing depleted uranium, america’s defacto bankrupt, etc. If only teleprompters had a brain of their own. ] He says the U.S. "has paid a huge price" to give Iraqis the chance to shape their future -- a price that now includes more than 4,400 U.S. dead. ]On Thanksgiving weekend in 2009, Vice President Biden counsels President Obama about sending more troops to Afghanistan.

• Full coverage: 'Obama's Wars'

• Audio: Obama on length of the war

• Audio: Obama on attack possibility

• Audio: Obama on terrorism tactics

A subtler tack to fight Afghan corruption? (Washington Post) [ How about a not so subtler tack to fight corruption starting right here in the u.s. of a. where corruption and crime are pervasive and in fact, at the root of the Afghanistan problems, from american reinvigorated heroin trade to bribery attendant thereto to killing civilians, etc.. Defacto Bankrupt, Meaningfully Lawless, War Criminal Nation america, the leader of nations … in crime:

Though having but 5% of the world’s population, america can boast 76% of the world’s serial killers, followed by Europe with England/UK then Germany leading the way for the eu [excerpt, 6 minute video, Serial Killers: Real Life Hannibal Lechters http://www.albertpeia.com/realifeamericaserialkillers.mpg (as is consistent with crime generally, see infra)]. Defacto bankrupt, fraudulent america also spends more on offensive (defensive a misnomer / propaganda) military spending than all the nations of the world combined, and by a large margin at that. Do you see a pattern emerging here [ I unfortunately only belatedly did, and the feds, fed employees, cia, all 3 branches of the u.s. government, etc., are included in this evolved american trait of inherent criminality in the most nefarious sense ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm      )   ]:

CRIME STATISTICS > TOTAL CRIMES (MOST RECENT) BY COUNTRY SHOWING LATEST AVAILABLE DATA (america’s No. 1).

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

… ]

White House offers israel a carrot for peace talks (Washington Post) [ Oh come on! This dog and pony show is getting old fast while america’s dying and america could in a day precipitate a peace consistent with international law, prior u.n. resolutions (i.e., 242, 338, etc.), (Oslo) accords, civilized behavior, etc., despite and in contravention of israel’s militant intransigence, to stem the hemorrhaging of american blood and treasure for israel’s sake. ]

]

Airstrike probe finds poor coordination between Pakistan, U.S. (Washington Post) [ Riiiiight! That coordination thing underlying those unfriendly-fire incidents and civilian deaths wherever american storm troopers happen to be … Eureka! And all this while everyone was thinking that the same was just typical americana! ]

U.S. funds go to Taliban, warlords, report finds (Washington Post) [ Well, defacto bankrupt america can afford it; after all, how much more defacto bankrupt can the nation get? Well, then again, despite the headline, a lot of those hundreds of billions are finding their way back into american hands, albeit dirty ones, like, for example the 360 tons of hundred dollar bills flown into Iraq and still unaccounted for, etc.. ]Military has minimal knowledge of and virtually no control over thousands of Afghans it pays to guard operating bases, bipartisan report finds.

We Are Looking at Trillion-Dollar Plus Annual Interest Payments on U.S. Debt Owens Krugman: We’re Going To Have To Default On Our Debt One Way Or Another Some dour commentary from Paul Krugman this morning on the implications of our monster debt. Economists Herald New Great Depression The world is currently experiencing the modern day equivalent of the Great Depression, according to a prominent economist who has added his voice to scores of others now forecasting ongoing economic doom on a scale not seen since the 1930s.) , and my position and that of demographer Dent ( Prechter and many others are also in this camp although I believe he does not factor in sufficiently the debasement of the u.s. currency / dollar in arriving at his numbers which do however, at 1,000 on the DOW reflect real, as opposed to inflated values of 3-4,000 owing to the ever more worthless Weimar dollars which provides ‘spin material’ for the wall street frauds but is really quite ominous going forward, and very detrimental in real economic terms.) [This is a global depression. This is a secular bear market in a global depression. The past up move was a manipulated bull (s***) cycle in a secular bear market. This has been a typically manipulated bubble as has preceded the prior crashes with great regularity that the wall street frauds and insiders commission and sell into. This is a typical wall street churn and earn pass the hot potato scam / fraud as in prior crashes’. This national decline, economic and otherwise, will not end until justice is served and the wall street frauds et als are criminally prosecuted, jailed, fined, and disgorgement imposed.] [ The reason for the necessity of prosecution is founded in the circumstances surrounding and the mindset of what one would deem ‘antisocial personalities’ (disorders) ( I prefer the prior descriptor of such as psychopathic; the euphemistic ‘sociopathic’ was ‘far too understanding’ in my view of the social / environmental factors allegedly giving rise to such negative / destructive behaviors. I don’t buy it.) Specifically, accepted studies / findings have concluded that the essential defect in those with antisocial (psychopathic) personality disorders is an inability to respond normally to fear-inducing stimuli, leading in turn to an inability to inhibit responses that should, but, as with wall street, have not resulted in punishment. Thus, while I think most on wall street have proven themselves criminally insane (for the money, ie., Stewart, ‘Den of Thieves’ / ‘Liar’s Poker’, the most recent financial debacle / crisis, which continues to this day); at the least, owing to a lack of fear of prosecution / punishment, they have become defacto sociopathic / psychopathic. ] Krugman: It's All Downhill From Here Cullen Roche Love him or hate him Paul Krugman has been awfully right with regards to the macro picture in the last few years. He’s one of the rare economists who had the foresight to see the housing bubble and the likelihood of economic downturn that would result from it. Krugman recently caused a stir when he said the US economy was headed for the third depression. Here Are 13 Signs That We’re Actually In A Depression Right Now Gregory White | David Rosenberg has outlined, in his latest letter, the 13 reasons with this so-called recovery is actually a depression… David Rosenberg has outlined, in his latest letter, the 13 reasons with this so-called recovery is actually a depression.Rosenberg sums it up like this:

This is what a depression is all about — an economy that 33 months after a recession begins, with zero policy rates, a stuffed central bank sheet, and a 10% deficit-to-GDP ratio, is still in need of government help for its sustenance.

Harry Dent, Jr.  Economy will be in a Depression by 2011
The worst of this next depression is likely to hit between mid-2010 and mid-2013, especially around early 2011, but if the banking system continues to implode a deep downturn or depression could begin sometime in 2009 instead of 2010.
Dow will Fall to 3,800 – 4,500 by 2012
Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest.
Inflation will Increase until mid- 2010 and then turn to Deflation
Interest Rates will Increase
U.S. Dollar will Decline
Housing will Decline by 40 – 60% from Today’s Levels
Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). ]

Three Horrifying Facts About the US Debt “Situation” Phoenix Capital Research | The US Fed is now the second largest owner of US Treasuries.

Dollar Tumbles as Fed Prepares to Print More Money Reuters | The Fed may lead the way into more aggressive quantitative easing, which is seen knocking the dollar lower.

Dollar set for sharp decline, Goldman forecasts The dollar will embark on a sharp decline over the next 12 months, Goldman Sachs forecast on Wednesday, as policy makers in Washington look poised to press the trigger on another round of printing money.

Sunnis' walkout mars political talks in Iraq (Washington Post) [ ‘It’s … be…ginning to look a lot like Christmas, everywhere pervasively corrupt ‘little israel’ defacto bankrupt war criminal nation america goes (to that Christmas tune) … Nothing like creating the anti-Christian sentiment through failed policy to keep the war machine greased with money defacto bankrupt america doesn’t really have (and aren’t the jews / israelis by definition ‘anti-Christ and hence anti-Christian’) ] One chaotic parliamentary session reflects challenges facing U.S. efforts to leave behind a stable Iraq with a representative government. Attack on Karachi police building kills 18 (Washington Post) About six militants open fire on a criminal investigations office in the "red zone," a highly secured area within Pakistan's largest city that houses the provincial minister's residence and the U.S. Consulate. [Visiting U.S. senators praise Afghan progress, say drawdown date is unrealistic (Washington Post) [ I’ll tell you what’s unrealistic: having compromised senators ( ie., non-war-heroe senile mccain, closet homosexual graham, incompetent zelig zionist lieberman, new york sinkhole slug Kirsten Gillibrand chided As 'Schumer's (zionist) Little Girl' ) stay the course with already failed pervasively corrupt, defacto bankrupt american policy … Paul Craig Roberts: Government Abandoned Vietnam POWs  Kurt Nimmo | John McCain worked overtime to make sure Vietnam POWs never came home. I think the even bigger story vis-à-vis mccain is:  http://www.albertpeia.com/heroenot.htm  ‘Did you know that that so-called "american heroe" john mccain was referred to by his fellow pows in Vietnam as something akin to the "songbird" inasmuch as he was constantly "singing" to his Viet-Cong captors to curry favor and better treatment? This has been documented with authority by Colonel David Hackworth. The same violates military code/protocol (other soldiers have been court-martialed for far less) click Here, Here.  [ http://www.albertpeia.com/hackworth.htm ]  But, you see, this covered up scenario, compromizing the false facade of far less than a heroe, is exactly what a criminal (lie of a) nation as america loves and encourages (get everyone's hands dirty so no-one dares to rectify same, ie., bush, sr., clinton, bush, jr.). That is, "toe the (corrupt, propagandized) line", become a criminal, or be exposed, prosecuted, and/or ruined; and, hasn't anyone asked how "wall street" has been "spared the spotlight" (and even was accorded protective legislation from their criminal culpability) and focus of inquiry, attention, and prosecution despite being the primary beneficiaries financial and otherwise of these scams (you know the wall street motto, "churn and earn"; huge conflicts of interest if not outright fraud)…’…Oh and they so can afford it Deficit panel proposes huge cuts (Washington Post) [ Cuts? I heard the corrupt, incompetent lawmakers were giving themselves a raise. They actually deserve at least a 10% paycut and abolition of those lifetime appointments / permanent corrupt bureaucracies. Nothing succeeds like failure and crime in pervasively corrupt, defacto bankrupt america! ] Lawmakers propose curbs on Social Security, cuts in spending and tax hikes if long-term goals aren't met. ]

Afghans march in Kabul to denounce NATO strikes that killed civilians:  Demonstrators shout anti-American slogans, denounce NATO strikes (Washington Post ) Sounds like a plan! Almost surreal was the appearance of gates on failed network ‘news’ show to shill the non-strategy of draw down (of troops) linked to success. What success? Just being there and every day they’re there is unequivocally abject failure. Celebritology Weekend: Angelina Jolie biography arrives(Washington Post ) I usually don’t weigh in on entertainment news, but this headline concerning what appears to be a disparaging, and quite selectively so, purported biography of Angelina Jolie is very disheartening when you consider the numerous instances of failed leadership at nearly all very high levels of government having so detrimental an impact on the world, that morton deems his time appropriate to an actress who has actually tried to do good things (U.N., etc.) without having to. Indeed, even her latest film ‘Salt’ (spectacular by any standard as is her performance – there are at least 2 winning sequels there with 4 the max and stretching it owing to age – she puts all, and I mean all the ‘Bonds’ to shame) had an important message in terms of the damage to this nation by a seemingly endless, nation-bankrupting, anti-american (war criminal israelis already, and quite correctly, globally hated) sentiment producing war strategy that is neither strategy nor reasonably consistent with any positive american goal / objective; but rather is such a debacle and folly that the same could very well be one that only an enemy of defacto bankrupt america could hatch and for the reasoning set forth in the well-written / directed film. She astutely observed and talked about the synchronicity of the film as juxtaposed to recent events revealing that she is wiser than most in Washington.

Afghanistan:  U.S. and Afghans at odds over Kabul Bank reform (Washington Post) [ Wow! Given defacto bankrupt america’s continued and covered-up financial debacle, any Afghan resistance to the american model / modus operandi is tantamount to ‘proof of life (rationality)’. ]

Memoir: Bush debated dropping Cheney (Washington Post) [ More unequivocal proof that moron dumbya bush couldn’t, like wobama and recent predecessors, make the right decision even if their presidencies and the nation’s survival depended on it. Heck uv a job brownie, bushie, cheney, wobamie, etc…. Keep up those nation bankrupting, attention-diverting wars you knucklehead war criminals, you. ]

U.S. operations in Kandahar push out Taliban (Washington Post) [ Break out the bubbly, victory at last! Riiiiight! Reality … defacto bankrupt american forces moved in, Taliban moved out. ]

Global impact of U.S. elections Foreign Policy: A Plan B for Obama (Washington Post) [ Plan B? Come on! … Either he’s on plan z or has no plan at all! ] World capitals brace for a new political order in Washington, as policymakers and analysts tried to assess the impact on foreign policy of a new Republican-led U.S. House. Foreign Policy: The China election [ China election? Don’t make me laugh! Almost as big a joke as american elections! (I realize the article wasn’t about an ‘election’ (hmm … riiiiight) in China per se, but wanted to make the albeit indirect point.)]

Pentagon's Cyber Command seeks authority to expand its battlefield (Washington Post) [ Sounds like a backdoor censorship plan to me. After all, based on actual events and history that belies their words, isn’t expanding battlefields and perpetual war what they’ve become all about? The nation’s defacto bankrupt. Afghanistan, as warned here, an abject failure. Kind of reminds me of that war film (I don’t recall the name) where at the close of WW2 you see some nazi officers huddled around with one asking what to do now, with a stern, unequivocal response, ‘prepare for the next war’. Ridiculous! ]

Russia's Ryabkov on U.S.-Russia relations: 'We can offer tangible results, and we will do more in the future' (Washington Post) [ Well, I don’t know about diplomatic relations (one can only hope), but if it’s sexual relations, what’s not to like … about Russian girls … They’re total babes! Back to the diplomatic front, I’ve grown a bit partial to the rationality of the Russian leadership based not solely on what they say (defacto bankrupt america talks about peace, but directly and through proxies, ie., israel, etc., is war mongering, war facilitating, war profiteering on multiple fronts and killing many innocent children, women, and men; and of course my own experience with american meaningfully lawlessness, infra, etc., ), but what they do (Russia’s engaged in no wars, made the transition from communism to present without violence, finds time to preserve ‘The Siberian Tiger’, etc., and is not a hypocrite regarding professing to be a nation of meaningful laws as america disingenuously purpots to be, etc.) previous:

Wall Street firm targets District-based energy practice (Washington Post) [ From one corrupt sinkhole (d.c. / no. virginia) to another, perhaps the largest ( wall street/new york/jersey/ct. metro); ho, hum. The pervasively corrupt american illegal system … corrupt u.s. courts / (lawyers) / judges: Their lifetime plush appointments should be abolished, which corrupt entities are unheard of in productive societies as China, Japan, etc.. Time to abolish these drags on society and eliminate their lifetime stipends and costly bureaucracies. Rules of law mean nothing to these typically corrupt americans. Most, including sam alito of the u.s. supreme court, concerning  drug money laundering and obstruction of justice in the 3^rd circuit ( also maryanne trump barry who covered-up drug money laundering through her brother’s casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it for the money, personal money, big, cash, untraceable money. The fog of war is great for such things (360 tons $100 bills flown into Iraq and missing, etc.).

 [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm  ]. america’s just a fraudulent and failed defacto bankrupt nation. ] It's part of a push by law firms to expand their D.C. footprint in an era of increased regulatory scrutiny.)

A united goal: Saving the tiger (Washington Post) [ Clearly the wisdom of an historically great leader for the ages, Vladimir V. Putin should be given great deference in all matters of global concern. Having evolved from his youthful indiscretion as a novice KGB agent, a hand dealt to him (by a soviet communist system) more than chosen, he has reminded the world of the greatness that was, is, and forever will be Russia’s and His! ] The tale of the magnificent Siberian tiger, and its unfinished fight for survival, should be a compelling one for the 500 conservationists and world leaders arriving for Russian Prime Minister Vladimir V. Putin's tiger summit this weekend.

Where no man has gone before (Washington Post) [ Geeh! I can almost hear that Star Trek Theme reverberate in my head, followed by a taste of Zarathustra … After all, this is 2010 Odd but hardly a Space Odyssey. Indeed, merely launching rockets is a far cry from Jupiter, and as for the moon; well, they just didn’t get that done either … though the video was … okay. Launch of secret US space ship masks even more secret launch of new weapon

The Militarization of Outer Space: The Pentagon’s “Space Warriors” Global Research | It’s not as if things aren’t bad enough right here on planet earth. Now the Defense Department wants to up the stakes with new, destabilizing weapons systems that will transform low- and high-earth orbit into another “battlespace.”     

buzz aldrin wants to colonize Mars … Riiiiight buzzed! Better check with DePalma to see if he already has the footage in the can since you won’t be able to use the moon footage for the new boondoggle video ...

OBAMA SPEECH OUTLINES PLANS FOR RETURNING DEFACTO BANKRUPT U.S. TO SPACE – OOOOOH! SOUNDS LIKE A PLAN … FOR INNER SPACE (IMAGINATION).

NASA's New Asteroid Mission Could Save the Planet Space.com - Tariq Malik - CAPE CANAVERAL, Fla. - President Barack Obama set a lofty next goal this week for Americans in space: Visiting an asteroid by 2025. Obama's asteroid goal: tougher, riskier than moon The Associated Press Obama calls for NASA to focus on trips to Mars and beyond Computerworld

New Boondoggle promised to save NASA boondoggle defacto bankrupt budget piece of pie. And don’t forget, Bruce Willis and Ben Affleck, et als, have already done this so it’s not as if they’re starting from ‘ground zero’, so to speak; and Brian DePalma already has ‘Mission to Mars’ in the can, but beware say the producers of ‘Species II’ since Eve, the cloned daughter of Sill, might want to mate with astronaut Paddy Ross who has returned from Mars as a space alien host body.

First fake moonwalker blasts Obama's space plan msnbc.com - Bill Ingalls - The first man to pretend to walk on the moon blasted President Barack Obama's decision to cancel NASA's back-to-the-moon program on Tuesday, saying that not going with the new movie is “devastating” to america's boondoggle spaced out effort. Fake dutch 'moon rock' revealed a treasured piece at the dutch national museum - a supposed moon rock from the first manned lunar landing - is nothing more than petrified wood, ...bbc news bbc news | europe | fake dutch 'moon rock' revealed prized moon rock a fake - a piece of moon rock given to an overseas politician by the united states is actually a lump of petrified wood, museum authorities revealed yesterday. ... 'Moon rock' in dutch museum is just petrified wood aug 27, 2009 ... Fake moon rock at dutch national museum. Rijksmuseum / ap. This rock, supposedly brought back from the moon by american astronauts, ...    http://www.albertpeia.com/moonfraud.htm

In reality it is just a piece of petrified wood ... Another piece of evidence that shows again that apollo program is indeed a fake and a typical american fraud!

http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv http://www.albertpeia.com/moonfraud.htm

] SpaceX Falcon 9 rocket launch heralded as successful test of commercial spaceflight.

NATO strategy alters weapon development (Washington Post) [ What strategy? National bankruptcies? More unnecessary death and destruction? Yes, I said unnecessary. All this has been geopolitically counter-productive and contra-indicated ab initio. Change? What change? Todays headlines: Nato chief says there is no alternative to staying in Afghanistan Telegraph [ Oooooh! Sounds like a plan! ]| Anders Fogh Rasmussen said NATO would commit the alliance to train and support Afghan troops battling the Taliban in substantial numbers through to the 2014 deadline for local forces to take over security.Britain’s top soldier: al-Qaeda cannot be beaten SINA.com | Violence across Afghanistan is at its worst since the Taliban were overthrown by US-backed Afghan forces nine years ago, with civilian and military casualties at record levels despite the presence of about 150,000 foreign troops. ]As NATO struggles to define itself in a post-Cold War world of new threats and tight budgets, the alliance this week will lay out a vision for itself that is meant to better reflect the 21st century.

Report: Sharp uptick in Afghan Civilian casualties (Washington Post) [ Yeah! That progress thing they’ve been ‘flaunting’; and concomitantly, there’s been a sharp uptick in the budget deficit … an increase, a plus, so, ergo, ‘progress’ … consistent with their ‘plan’! Lovely! ]

Petraeus warns Afghans about Karzai's criticism of U.S. war strategy (Washington Post) [ Riiiiight! It would be so foolish of them to argue with or question such a nation-bankrupting / destroying failed strategy (by even his own prior, stated, unmet standards / criteria.) ]

Afghan spending faces scrutiny (Washington Post) Wow! Talk about a little bit late for that. Oh, right … they were busy spending money the nation doesn’t have on other things. Congress extends war funding for Afghanistan Baltimore Co. Independent Examiner | Congress voted to extend funding for the war in Afghanistan by an additional $59 billion late on Tuesday. Disappearing Act: $8.7 Billion of Iraq Development Money Missing Kurt Nimmo | Government says it is all the fault of shoddy accounting practices. 3 U.S. troops die in Afghan war&apos;s deadliest month (Washington Post 7-30-10) World News Digest: a Worth it? 4 U.S. troops die in bomb blast in south Afghanistan (AP, July 24, 2010) ‘There will be blood’ … whoops, that’s oil, wrong movie theme. This one’s about heroin trade. 2 More Americans killed in copter crash in Afghanistan (AP) Not so much, unless they rename Tony Montana, to To Mon el Swahili and recut ‘Scarface’ to reflect an Aghanistan Heroin connection, or similarly change ‘Hurt Locker’. It’s a good thing for the military that IQ tests aren’t required. Three U.S. Embassy guards killed in rocket attack in Baghdad's Green Zone (Washington Post) Big yes there since ‘The Green Zone’ got Hollywood movie status. Bomb near Iraq mosque kills 15; U.S. soldier dies in road blast (Washington Post, July 22, 2010) But guess what … none of that’s worth it; even for volunteer soldiers whose suicide rate is unprecedented owing to this pointless, meaningless conflagration for the sake of the military industrial complex and the enrichment of the few; and, to which Pat Tillman was to attest which got him fragged.

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

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

Drudgereport: WASHPOST TAKES ON THE SPOOKS: Hidden world, growing beyond control...
854,000 people have top-secret security clearance...
You really have to laud The Washington Post for this investigative brilliance which whether people appreciate it or not, requires great corporate and personal 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.]

Clinton pushes for economic and political reforms in tour of Middle East (Post, January 13, 2011) Clinton expresses solidarity with Arabs on Mideast tour (Post, January 13, 2011; 4:05 PM) Diehl: Mideast threats that can't be ignored (Washington Post) [ Amazing what not running for prospective office can do for balanced thinking, but still not quite. After all, who doesn’t know outside of america / israel that the biggest Mideast threats are … america / israel and those nato allies that are but lapdogs of the former. Moreover, some real scrutiny of and self-analysis by the aforesaid is in order before purporting to be advisors to any nation at all. ]

Contours of a large and lasting American presence in Iraq starting to take shape (Washington Post) [ Wow! Sounds like a plan … though hardly embraced by all; viz; the vast majorities in Iraq, Afghanistan, and defacto bankrupt america are against this with dire prospective consequences to follow. U.S. Promises to be in Afghanistan Beyond 2014 [ Defacto bankrupt america can afford it! Riiiiight! Sounds like a plan … for enhanced heroin production, war profiteering, etc., benefiting the few to the detriment of the many. ]New York Times | Biden met with Karzai and promised a lasting American commitment to the country well beyond 2014, when NATO forces are scheduled to turn over security of the nation to Afghan forces. ]

Concerns rise over Afghan forces (Washington Post) [ Well, to their credit, at least the Afghans purport to know how to count which of course is something lost on defacto bankrupt america and so-called ‘coalition’ members. After all, there will come a time when this military apparatus will say, pay / feed me, at which point the reply will be, with what, at which point, obfuscated or not, all hell breaks loose. ]

Watchdog over Afghan reconstruction resigns (Washington Post) [ Wow! Sounds like he really meant business … which also meant, congress ‘hearing footsteps’ so to speak, that he had to go. After all, applying a stringent standard that promises to do something about fraud and corruption is a standard that would threaten the entire u.s. government … all three branches. ] Arnold Fields, the head of the office charged with investigating corruption in the multibillion-dollar effort to rebuild Afghanistan has resigned, the White House said, following congressional demands that he be replaced.

Communications lay bare Afghan corruption (Washington Post) [ Corruption? The same, along with the american re-invigorated heroin trade there go hand in hand. There were no illusions concerning karzai and brother’s ties to same and the cia and the same also the very reason for choosing him. ‘Tens of millions of dollars are carried out of Afghanistan each month, with no telling how much is illicit. The country's dominant money exchange caters to "narco-traffickers, insurgents, and criminals" also known as the cia and friends. Come on! Wake up! You’re paying for this and their enrichment. These revelations confirm the obvious.] WikiLeaks disclosures provide new details showing how corruption has undermined progress in a country that is in many ways a 9-year-old project in U.S. nation-(destruction, including defacto bankrupt america) building. Leaks reveal frustration with Karzai Inquiry: Troop killed aid worker

Concerns over European defense cuts (Washington Post) [ At some point, rationality must overcome irrationality; if only necessity being the mother of this new-found invention (rationality). Interestingly, there was a blip on television news from a NATO rep talking up the technological / military superiority of NATO relative to Russia (without whose technological prowess that space station and crew would literally be lost in space). So take that, literally … and make the cuts (rational). ] European policymakers say the cuts are necessary given their financial straits, and that training, not sheer numbers, is what matters in a post-Cold War world.

Helmand's refugees disheartened by troops (Washington Post) [ ‘Gauge of success?’ Come on! What success can be had? Greater defacto bankruptcies for the nato coalition members? More death and destruction? Even if it were not true (that they are to blame) though I believe it is, the u.s. / brits / nato will be blamed for even unimprovable scenarios beyond their scope and control where even pyhric victories are not in the cards (though that’s all they could possibly have hope for). Indeed, a geopolitical misstep of monumental proportion for the u.s., Britain, et als. Then there the u.s. initiated resurgeance of the poppy / heroin production / trade … their raison d’etre. ] The arid province will be an important gauge of success in the U.S.-led strategy against the Taliban. But refugees offer a bleak assessment, blaming insecurity in Afghanistan on the presence of U.S. and British troops.

How China branded Nobel winner Liu Xiaobo a traitor (Washington Post) [ I am staunchly anti-communism. That said, it is also true that I’m also against what pervasively corrupt, meaningfully lawless, defacto bankrupt america has become; most certainly not a thriving democracy. Though america’s suppression of speech, cover-ups, etc. ( see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ), are arguably less direct, indirect, circumlocuted, obfuscated, etc., the same is very real and one may say the communist Chinese have in essence taken a page out of america’s playbook. ]

Moscow's unprecedented military deal (Washington Post) [ France should be praised inasmuch as a strong Russia, and conversely, a weak perpetual war, war mongering, war crimes, pervasively corrupt nation, america is optimal for world peace! ]

(12-26-10) I’m constrained to eat crow here, inasmuch as I’ve previously had negative things to say regarding Time Warner Cable. But, so as not to be one of those do as I say, but not as I do hypocrites, I must state for the record here that Time Warner Cable internet is far superior to the att-based DSL, and that att can’t-do-thing means I’ll be canceling my (jersey / now dumbya bushie land) att land line (done 12-27-10, along with DSL) which wasn’t fully functional anyway but had kept same for the listing, and for internet connection which ultimately required DSL and failed at that.

(12-23-10) MY INTERNET CONNECTION IS DOWN AGAIN AND OF COURSE, I WILL HAVE MORE TO SAY ABOUT THE PERVASIVELY CORRUPT, DEFACTO BANKRUPT AMERICAN SCUMBAGS SHORTLY! They will be sorry they did this … I won’t forget it!

(12-22-10) MY INTERNET CONNECTION IS DOWN SO I’M USING A LOCAL WORKSTATION COMPUTER AND WILL HAVE MORE TO SAY ABOUT THE PERVASIVELY CORRUPT, DEFACTO BANKRUPT AMERICAN SCUMBAGS SHORTLY! They will be sorry they did this … I won’t forget!

Russia:  Putin warns of arms buildup (Washington Post) [ Drudgereport: RESET: PUTIN CRITICIZES USA OVER WIKILEAKS … Putin deserves the greatest deference in matters of global concern in light of his greater rationality; america’s self-serving accusations are merely envy and projection / displacement (in psychoanalytic terms) of america’s pervasively corrupt, criminal, broken system which is a far cry in reality from defacto bankrupt america’s propaganda... ]

Foreign-policy setbacks deepen Obama's election wounds (Washington Post) [ Wobama’s woes are a direct consequence of his perception as being a teleprompted b*** s*** artist who despite flowery rhetoric, has failed to deliver. Results count! What you do, not what you say, counts! ] Presidents have often turned to foreign policy after domestic setbacks - from Ronald Reagan's Latin American tour and speech calling the Soviet Union the "focus of evil in the modern world"[if Reagan was alive he’d be eatin’ plenty of crow since america’s the world’s biggest evil (with a little help from friends, ie., israel, etc.) with illegal wars, war crimes, torture, financial frauds of global reach, pervasive corruption in all governmental / judicial processes, etc.] in the months after his party's 1982 congressional losses to Bill Clinton's escape to Indonesia and the Phi...

The following youtube video is well worth the look and explains how and why the frauds on wall street have gotten away with their devastating fraud thus far. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ex-Justice official quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims US v. AZ... Cases against Wall Street lag despite Holder’s vows to target financial fraud Obama broke promises ):

‘THE OBAMA DECEPTION’ http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1. [ The Obama Deception Number 1 on U.S. Google Trends ]

‘The Obama Deception’ Censored ‘The Obama Deception’ has been censored In light of this development, I provide an archived site version which appears to be complete (but will be compared with earlier version and replaced with same if incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv

Then there is the well researched, produced, and informative ‘ESOTERIC AGENDA’ which explains how we’ve gotten to this forlorn point: http://video.google.com/videoplay?docid=-7052400717834950257#

For the Same Reason I’ve Included Here a Web Site Archived FLV Version of Esoteric Agenda http://albertpeia.com/esotericagenda.flv

Who’s Barry Soetoro, wobama? Get your very own BARRY SOETORO T-Shirt and ask the question, "Where is the Birth Certificate?". The REAL name of President Barack Obama is BARRY SOETORO so get a t-shirt with a picture of him on the front and the question, "Where is the Birth Certificate?". http://infowars-shop.stores.yahoo.net/basot.html Obama’s Comeback Strategy: Appearing On “The View” Now we know how the President will turn his flagging political fortunes around… [More b*** s***!].

Is Obama a Marxist? He Works for the Bankers Glenn Beck, the Fox News talking heads, and no shortage of Tea Party activists like to characterize Barry Obama as a Marxist.

Poll: Waning support for Obama on wars usa today | Support for Obama’s wars fell to 36%, down from 48% in a February poll.

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

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

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

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

Iran struggling to contain computer virus (Washington Post) Iran suspects that a foreign organization or nation designed the "Stuxnet" computer worm. [ Look westward (plus israel) , but not homeward, Angel … Riiiiight! Riiiiight! Riiiiight! Stuxnet False Flag Launched For Web Takeover Israel and the United States have emerged as the prime suspects behind the Stuxnet worm attack, which has infected the Iranian nuclear plant at Bushehr, following the discovery that a “wealthy group or nation” must have been responsible for the malware assault. Drudgereport: WORM HITS IRAN NUKE PLANT... ...new versions of virus spreading Pentagon silent... ]

'We need to trust each other' (Washington Post ) [ Yeah! That’s leader of nations Turkey ‘talking turkey’ while the israelis, with a plethora of illegal nukes, casually as if by some unbenounced entitlement, say that they won’t sign the Non-proliferation Treaty because it’s not in their interest to do so. You can’t make this stuff up; yet, there’s bewilderment as to why the u.s., mid-east, and world are in such a deplorable and chaotic state. ]A23 (Post) ...with the United States, Israel and Iran. Excerpts: Q...is also party to the Non-Proliferation...

Bush's fantasy world (Washington Post) [ I’m frankly surprised to see cohen bite the hand that feeds zionists( ie., dumbya bush, et als). After all, I’ve never seen cohen not like a pro israel policy, regardless of the cost to this nation in blood, sweat, tears, and geopolitical and general decline, particulary economic / financial; nor like a pro-american policy that negatively impacts israel. I think america particularly, and the rest of the world has sacrificed enough for the greedy, blood-thirsty, lawless israelis. ] Cohen: WikiLeaks shows the unreality of a presidential memoir. Jeffrey Smith: Fighting leaks

Palestinians counter israeli offer on settlements (Washington Post) [ The Palestinians, unlike the lawless israelis are cognizant of u.n. resolutions, prior accords, international law, etc., in their proposal. ] Israeli prime minister offers conditional settlements freeze (Washington Post ) [ Déjà vu all over again? Now why is there a familiar ring to this story … maybe ‘cause of the ‘been there done that ‘ reality. It’s really quite incredible since israel’s in violation of u.n. resolutions (242, 338, etc.), international law, nuclear proliferation treaty, a drain on the the u.s. globally / domestically, etc.. The u.s. / international community should impose a resolution. ]

Arab League backs Palestinian refusal on talks unless Israel halts West Bank settlements (Washington Post) [ Lots of backslappin’ in israel mission accomplished … yeah, another fine mess they’ve gotten the world into … another set of peace talks down the drain, again sabotaged by the israelis … not that the israelis had anything in mind other than literally … to talk … out of both sides of the mouths. ]

Israel plans housing in East Jerusalem (Washington Post) [netanayahu ‘cause everyone knows nuclear israel is greatest danger to world Jerusalem Post PM heckled repeatedly by activists at New Orleans GA protesting West Bank "occupation" and plans for loyalty oath. Israel is the greatest threat to the world, and its nuclear program must be stopped, Prime Minister ... US 'Deeply Disappointed' but committed to impotence by israel's Building Plan for East Jerusalem Voice of America Israel permits new settlement homes Aljazeera.net ] The move will likely complicate pm netanayahu's current visit to the United States for talks about reviving stalled peace negotiations with the Palestinians.

Israel:  Defining 'Jewish state': For many, term has different meanings (Washington Post) [ Well ain’t that the truth! As per Forrestal’s warning (infra), it meant new york, pennsylvania, and California … for the greedy zionist israelis it means anything they want it to mean, borders, laws, u.n. resolutions, civilized behavior, etc., be damned! ]

Clinton wraps up Israeli, Palestinian talks - for now (Washington Post) [ That’s a wrap (Hollywood speak), or just a lot of crap (reality). Well some celluloid facetime (hill, I said celluloid, not cellulite), appearance of doing something (not). U.S. urges Arab states to drop israel nuclear treaty demand Reuters Oooooh! Wow! Sounds like a plan! … For world conflagration … Another step toward nuclear prone middle east … israel should be exempt because ….. ‘US – Israel’s partner in crime, not a referee’ … You really can’t make this stuff up; the preposterous s*** coming out of america! ]The U.S. envoy to the UN atomic watchdog urged Arab states to withdraw a resolution calling on Israel to sign an anti-nuclear arms treaty, warning it would send a negative signal to Middle East peace talks. Israelis, Palestinians already broaching tough topics in talks, envoy says (Washington Post) ‘US – Israel’s partner in crime, not a referee’ (Infowars.com) Israeli and Palestinian leaders are holding a new round of direct talks. Bombshell: Barack Obama conclusively outed as CIA creation Wayne Madsen | Investigative journalist Wayne Madsen has discovered CIA files that document the agency’s connections to the lives of Barack Obama and his mother, father, grandmother, and stepfather. ] RAMALLAH, WEST BANK - Secretary of State Hillary Rodham Clinton on Thursday wrapped up three days of intense Middle East diplomacy that produced good atmospherics but no sign that an impasse over Israeli settlement construction has been resolved. (Alex Brandon - AP)

The unlikely face of Egypt's protesters (Washington Post) [ Unlikely? … I don’t think so in light of the strength and prevalence of the ‘anyone but mubarak (and his)’ sentiment. ] Mohamed ElBaradei, the Nobel Prize-winning former United Nations bureaucrat, has emerged this week as an improbable revolutionary, clamoring for the overthrow of Egypt's President Hosni Mubarak.

Iran's Khamenei says uprisings represent 'defeat' for U.S. (Washington Post) [ No matter how you slice it, dice it, or euphemise about it, these are indeed substantial, irrevocable losses for the u.s.; but importantly, of america’s own making; self-defeat if you will, compounded by a slew of bad choices. Sadly, Ayatollah Ali Khamenei is quite correct when he states: "The Israelis and the U.S. are more concerned about what would happen to their interests in a post-Mubarak regime." … and further, ‘He also accused the United States of propping up corrupt leaders in the region to protect its interests and those of its ally israel.’ Unfortunately, as has become chrystal clear from america’s perpetual war in the region, the people have invariably figured last in america/israel’s unbalanced equations. ]

Spreading unrest raises pressure on Mubarak (Washington Post) An array of new developments turned against President Hosni Mubarak on Wednesday as Egypt moved closer to a full rupture between its autocratic government and a growing popular rebellion. [ Do not talk about ruptures in the presence of Pharhosni Mubarak he chides the Washington Post! After all, at 82 years old and 30 years in power, hernias are known to quite easily happen… Previous: Free elections still distant prospect for Egypt Activists express doubts about feasibility of September ballot (Washington Post) ["I'm shocked by what the Americans say - that Mubarak must stay as president so we can prepare for new elections,'' said Negad El Borai, a human rights advocate and lawyer in Cairo. "Mubarak must leave, and then we can talk." … Truth be told, I’m not shocked. Indeed, though this is only marginally what america / israel wanted, this will stick to america / israel like glue; that proverbial albatross; that lose, lose scenario for america in the region. Previous: Egypt protests continue as Mubarak's government offers concessions (Washington Post) [ Come on! Let not all of us join america’s / israel’s, et als, and mubarak’s delusions. After all, here’s an 82 year old tyrant, in power for 30 years, yet in some parallel universe appears to think he’s calling the shots. Other than literal and quite foolish shots against protesters, even journalists, see infra, there are few indeed that would trust his mindset, such as it is, much less his judgment, so flawed as he has now shown it to be. What is obvious is that this long overdue ‘people’s election’ cannot be thwarted by platitudes and small talk, but resisting the inevitable will turn an american quasi-ally into an anti-american breeding ground because there’s just no reconciling a pro-mubarak, however slight, position with american / israeli, et als war crimes in the region. Restless Cairo protesters hoping for U.S. support (Washington Post) [ The sad reality here is, much like wobama’s Afghanistan fiasco, that america has ‘bought it’. This is truly yet another ‘loss, loss’ scenario as is true of america’s mideast policy generally. Defacto bankrupt america’s initiatives in the region particularly, though generally true of all american policy, is the ‘square pegs in round holes’ approach to almost everything they do, which certainly is not lost on the rest of the world. Coddling and caving in to israeli / neocon / zionist paranoia despite the war mongering intransigence of the former is devastating to a nation as pervasively corrupt america which is facing insurmountable domestic problems of its own, economically, financially, politically, and geo-politically. This should bring to mind the missteps of a former fading empire in this same region desperately trying to remain relevant. Indeed, from Balfour’s Despoliation to arbitrary boundaries, etc., Orwellian britain’s demise (decline) as a real player globally was, as america’s currently, significantly and irrevocably hastened. Quite simply, pervasively corrupt, defacto bankrupt america will increasingly be viewed as a bunch of ‘muck-ups’ who can’t handle their own substantial problems much less those of other nations; and in fact, invariably exacerbate existing conditions / problems, particularly when pandering to israel’s self-interested concerns. ] While the ouster of President Hosni Mubarak remains the most pressing concern for protesters, the role of U.S. is far from absent in the dialogue. { Previous: Amid Arab protests, U.S. influence has waned (Washington Post) [ And that’s just the way israel likes it … and to america’s detriment, of course … which is not lost on even George Soros … Drudgereport: Soros: 'The main stumbling block is Israel'...

Egyptian protesters plan new push Government detains foreigners, says it's willing to open talks (Washington Post) [ Open talks? ‘bout what? Building a pyramid in mubarak’s honor before stepping down? He’s done … finito … burnt as an over-micro-waved burrito! The following from the Post is indeed the straw that broke the riders with whips he sent on camels’ and horses’ backs! ‘Wants to die in Egypt? How touching, or the reality, he’s just plain touched as in totally ‘out of it’. ‘…In what the U.S. State Department called a "concerted campaign to intimidate," several dozen journalists were rounded up by security forces and detained for hours, along with foreigners working as teachers, engineers and human rights researchers. Across the city, angry bands of supporters of President Hosni Mubarak also beat journalists; several reporters said that they were threatened with death…’ ] Cairo seeks to shift blame for clashes by rounding up journalists; U.S. worries renewed protests could spark more violence from Mubarak supporters. Demonstrations in Egypt take bloody turn In Cairo square, Mubarak backers confront anti-government crowds (Washington Post) [ Not too difficult for desperate and done mubarak to contrive: Mubarak Says Egyptians Have to Choose Between “Chaos” and Him … Then Sends In His Thugs to Stir Up Chaos (Infowars.com) In order to justify staying in power until elections are held in September, President Mubarak said on tv that the people had to choose between him and “chaos”. ] The coordinated nature of day's events suggested that Mubarak's supporters were determined to show, as he had warned, that the country faced a "choice between chaos and stability." [ Previous: Mubarak's pledge seen as not enough Egyptian president plans to stay in office to transfer power (Washington Post) [ Let me put it another way: Mubarak is as done as an over-cooked tamale … He seems to be stalling for time and even in his age impaired mind certainly knows his position is untenable, unsustainable, and even more irrational as each second passes. There is a possibility that he’s using same to move money / treasure for himself and others, literally as well, buying time. See infra … Previous: Mubarak seeks dialogue, shows no sign of relenting Demonstrators call for massive protest but lack leadership (Washington Post) [ He relented when he resorted to media / internet blackout. Indeed, this lack of sign thing is a testament to how far from reality 30 years has taken him, not to mention the other 52 years that have taken their toll on his cognitive processes. Whether it is plaques ‘on the brain’ or outright senility, that he is so disengaged from the events unfolding around him, one may only wonder how he lasted this long. Nor did his choice of cia standin / shill, new VP Suleiman enhance his now untenable position which leaves him as ‘done as a burnt enchilada’. Kissinger on Egypt unrest – “This is only the first scene of the first act of a drama that is to be played out” [ The import of this so-called interview, and it is here that I part company with alex jones, et als (who by the way, censored me for this very thesis, which puts him and his at the top of my hypocrite list), is that the so-called elite have orchestrated these events and ‘are in control’. First, there are no elites in this world; you can’t derive elites from apes, notochordates, and initially single celled organisms. Second, almost by definition and certainly by history, there are no elites in america even if you were to accept the first proposition (though true) as untrue. What you do have, in this world and america particularly (with few exceptions as I’ve discussed elsewhere / comments / my website), are inherent criminals and mentally ill people of varying degrees of unscrupulousness and insanity who do commit crimes, both small and large, to further their interests or fortunes (sociopaths / psychopaths). The ’so-called alpha-dogs’ of the human species at most, but still incompetent vegetables who, if you look at anything they touch (to use a term term of such incompetent vegetables as historically pertains to their role in the mideast – and generally the state of the world) it invariably goes ‘pear shaped’ (english term). What hasn’t zionist kissinger not messed up as appointee or ‘consultant’ – what does he get paid for? No! The fact is, they have absolutely no idea how this unfolds and as with most of their lives, they will predictably choose the most sordid, despicable, and diabolical course at every turn because … that is their inherently criminal, mentally ill / unstable nature to do so. ]

] Fragile steps to end crisis seen as plans take shape for a transition process that would allow Mubarak to remain as a figure head until new elections.

} ]

] After decades of repression, democracy advocates say it could take many months -- if not years -- to lay groundwork for open and credible elections.

]

Julian Assange must be extradited to Sweden (Washington Post) [ Julian Assange to be extradited to Sweden Infowars.com [ No surprise here. As I’ve previously written, I’m against the censorship since one always, in the final analysis, must discern truth from falsehood, information from disinformation, reality from propaganda. In truth, I found it somewhat shocking and more than surprising that of all places ‘to escape to’, Assange chose Orwellian england, puppet to the u.s. and guarantor of servility to u.s./zionist interests, such is their own desperate circumstances. What was he thinking? ] WikiLeaks founder Julian Assange is to be extradited to Sweden to face allegations of rape and sexual assault. Assange will appeal, his legal team confirmed. If this is unsuccessful, he will be extradited to Sweden in 10 days. ] LONDON - Britain will honor Sweden's request to extradite WikiLeaks founder Julian Assange to face sex-crime allegations, a British judge ruled Thursday.

16 miles away, Saudi Arabia's watchful eye looms over Bahrain unrest (Washington Post) [ I’m sure they are … with a microscope at that. Saudis Worried Protests Will Hit Home - saudi arabia; talk about do nothing hypocrites. How does one family claim ownership of all the oil reserves of a sovereign nation; I suspect only when foreign corporations say so For the sake of the saudi Arabian people, more than just protests should come to fruition! ] AFP | Saudi royal warns Arab world uprisings could cause harm unless they reform. Bahrain authorities launch surprise attack on protesters [There’s the america and saudi Arabia effect; far less than democratic and far more deadly in the mideast among other places; talk about hypocrites. How does one family claim ownership of all the oil reserves of a sovereign nation as the saudis; time for the saudis to go the way of dictator Mubarak and take the war criminal americans with them. ] Los Angeles Times Tear gas canisters bombard sleeping protesters in Manama's Pearl Square. At least two men are reported killed Video:  Bahrain protesters look to emulate Egypt revolt euronews Riot Police Attack Bahrain Protesters Voice of America ‘Saudi Arabia sending troops to Bahrain’ Saudi Arabia is sending troops to Bahrain in a move to crack down on pro-democracy protesters who took to the streets in the capital Manama, a political analyst says. [SAUDIS TOLD OBAMA 'NOT TO HUMILIATE MUBARAK' [ Sounds like they’re hearing footsteps…Previous: Egyptian capital teeters on anarchy Mubarak asks cabinet to resign as anti-regime protests intensify  (Washington Post) [ Mubarak should have been looking in the mirror as he asked his cabinet to resign … 30 years is a long time, and coincidentally, time for him to go.   In Egypt: Access denied (Washington Post) [The day part of the Internet died: Egypt goes dark [I disagree! Part of the internet didn’t die, but rather the order to so darken the nation heralded the demise, at 30 years and counting, of the so-called leadership in the persona of Mubarak. Time for him to go! After all, he’s been in a position, with Egypt among the only Mideast nations to have signed a peace treaty with israel, to have stepped up with substantial credibility in taking a strong position against israeli transgressions, violations of international law / u.n. resolutions, war crimes, etc., which beyond soft-touch, he failed to do. And, of all places, he sends his family to Orwellian england; he still loves those colonial masters … how pathetic. I mean, 30 years … how free-flowing does anyone think the election process is at this point … and one could ask the same regarding the entrenched powers that be in pervasively corrupt, defacto bankrupt america, to be fair. Then there’s saudi arabia; talk about do nothing hypocrites. How does one family claim ownership of all the oil reserves of a sovereign nation; I suspect only when foreign corporations say so. The only Mideast nations showing backbone are Turkey, Lebanon, and Syria, and, of course the perennially propaganda painted bad-boy Iran among possibly some of the smaller emirates, ie., Qatar, etc., (I lack sufficient information regarding these other nations).  ] (AP) Internet cutoff fails to silence Egypt protests (AP) -  ]

Lt. Gen. John Kelly, who lost son to war, says U.S. largely unaware of sacrifice (Washington Post) [ I disagree! They are very much aware; as they stand in unemployment lines, use food stamps to get by, etc.. I hate to sound cavalier and I’m truly sorry that Kelly lost a son to war, but along with the multitude of civilians in the nations unlucky enough to provide a source of corporate welfare to the military industrial complex and war profiteering for the few (as warned against by President General Eisenhower), they died for nothing, for no good reason beyond the false propaganda. ]

Imams wage political battle against U.S. (Washington Post) [ Yeah! Are not these native Afghans freedom fighters in the highest, truest, and most noble sense of the term. I mean, pervasively corrupt / defacto bankrupt america’s destructive and corrupting influence is unequivocal (including the resurgent heroin trade that had all been eradicated by the Taliban). This unlawful incursion is a lose, lose scenario for all parties; and, america’s / israel’s / nato’s zionist aspirations in the region are among the most self-destructive, self-defeating policies in world history. ] For the U.S. government, and for the 100,000 American troops fighting in Afghanistan, the messages delivered last Friday could hardly have been worse.

Cohen: Time for Arabs to reject anti-semitism (Washington Post) [ Reality check … time for israelis / jews to reject zionism and all that is entailed therein, including an alternate reality that defies credulity, rationality, and facts; such as, a self-rationalizing greed, anti-arab / anti-Christian predisposition and the ‘Oedipal Effect’ (blowback) engendered thereby. No, Johnny Carson was not anti-semitic (Fred Silverman), same for Charlie Sheen (Chuck Lorre), etc. (the list is endless inasmuch as when facts are not on their side, such specious inflammatory arguments as ‘anti-semitism’, prejudice, are a convenient subterfuge distracting from their weak position; ie., illegal nukes, war crimes, ignoring u.n. resolutions, ie., 242, 338, etc., ignoring international law. At best, no … God did not give them this land … at worst, God took the land back when they with roman muscle crucified Christ. Balfour was an arbitrary, incompetent, british joke.). ]

U.S. vetoes Security Council resolution denouncing Israeli settlements (Washington Post) [ Drudgereport: Hillary Clinton: Israeli Settlements 'Illegitimate'… [We know that hill … We’ve known that for quite some time along with their illegal nukes, war crimes, etc…The whole world knows that hill… so don’t just talk about it … DO SOMETHING! ] ... Yes! … in pervasively corrupt, defacto america’s self-defeating, self-destructive way they are doing something … U.S. vetoes Security Council resolution denouncing Israeli settlements … Sounds like a plan! … right! … for self-destruction! ] Sallai Meridor: Israel's fear (Washington Post) [ Come on! Wake up! Illegal nuke totin’, war crimes nation israel’s fears … p l e a s e, spare me the pro-israeli b*** s*** ! What israel fears is a projection of their own ill-founded motives and actions for which all norms, rules, laws governing civilized behavior are suspended for expedience at the least, and blood-thirst that some posit as a remnant of their historic role as Christ-killers (with roman ‘juice’). Isn’t it time, in these desperate times for america, to put america’s, not israel’s interests, first. Who cares what israel fears … In 1948, U.S. Secretary of Defense James Forrestal, an opponent of the creation of a Jewish state in Palestine, warned that, even though failure to go along with the Zionists might cost President Truman the states of New York, Pennsylvania, and California, it was about time that somebody should pay some consideration to whether we might not lose the United States….. Mr. Forrestal was absolutely correct! Isn’t that exactly what’s happened to defacto bankrupt america in intractable decline.  TIME TO REVOKE AND NULLIFY THE BALFOUR DECLARATION AND ABROGATE THE CREATION OF THE NATION STATE OF ISRAEL IN THE INTERESTS OF FAIRNESS, JUSTICE, PEACE AND PROSPECTIVE PROSPERITY FOR THIS WORLD! Israel wary of transition in Egypt, concerned about regional stability (Washington Post) [ Who cares what the paranoid, war criminal, illegal nuke totin’, war criminal israelis are wary of. This country has gone down the tubes cow-towing to the paranoid, self-interested concerns of the psycho / sociopathic zionist israelis who are forever projecting their own pathological motives to every turn of history while ignoring their own culpability in producing the very outcomes they purportedly seek to avoid. War, conflict, greed, bloodshed is the historically based israeli way. ] A resurgent Syria alarms u.s., israel (Washington Post) [ Tell me! What doesn’t alarm these two paranoid, zionist neo-nazi regimes of oppression, suppression, aggression, and regression. If they were individuals, they’d undoubtedly be diagnosed as psychopaths, sociopaths totally ignorant of the rights of others, laws, civilized behavior as israel pads her illegal nuke arsenals with american supplied weaponry / support while expecting all other nations to ‘role over and die’. Bipolar / manic / depressive, the ups and downs are increasingly difficult for even americans to follow. Obssessive / compulsive thy names are zionist israel / america. Projection / displacement regarding their own illegal acts, war crimes, etc.; what they distinguished from what they do … dissociative identity disorder, dissociative fugue? Yes … the u.s. and israel are the world’s lunatics, sorely in need of therapy! ] Syria's fresh interference in Lebanon and its increasingly sophisticated weapons shipments to Hezbollah have alarm officials and prompt Israel's military to consider striking a Syrian weapons depot.

Peter King, IRA supporter and enthusiastic counter-terrorism advocate (Washington Post) [ A neocon; a zionist with a large jewish constituency; an IRA terrorist supporter; looks a lot like, bears a striking resemblance to, corrupt dodo dodd former Conn. Senator; in sum, that can’t be good. Maybe he suffers from a multiple personality disorder. I mean … wow! Whew! ]

NATO troops kill Karzai's cousin in botched raid, Afghans say (Washington Post) [ ‘All the right moves’. Right, right, right! Righto!…Riiiiight! Winning those hearts and minds; or as Charlie Sheen would say … duh … winning! Whew! U.N. alarmed by surge in civilian casualties in Afghanistan (Washington Post) [ No, gates has already addressed that … minor setbacks, says he … Turmoil jars U.S. counter-terror efforts (Washington Post) [ Now how does this come as a surprise to anyone? Beyond america’s propaganda machine, orwellian england, etc., just how do think the war crimes, invasions, pillaging and plundering, and killing of innocent children, women, and men by pervasively corrupt, defacto bankrupt america et als for the sake of the u.s. military military complex are viewed by the rest of the world, and particularly the subject region. Euphemistically but realistically speaking, ‘not good’! … Gates says killing of Afghan boys a "setback" (Reuters) [Ah, yes, riiiiight! … that’s what it is, alright…just a setback…I see. ] Gates: US military to stay in Afghanistan US Defense Secretary Robert Gates, who is on a surprise visit to Afghanistan, says the American military should stay in the conflict-riddled country despite the rising human costs. Violent spring looming in Afghanistan (Washington Post) [ See … something to look forward to … must be that good news that keeps getting pushed back … and spring no less … everything bombing blooming or in war criminal american-speak … ‘booming’ … but not the defacto bankrupt american economy for which a crash is ‘looming’. Could somebody help me out with a translation of gates’ speech a west point … I must be missing something … Lt. Gen. John Kelly, who lost son to war, says U.S. largely unaware of sacrifice (Washington Post) [ I disagree! They are very much aware; as they stand in unemployment lines, use food stamps to get by, etc.. I hate to sound cavalier and I’m sorry that Kelly lost a son to war, but along with the multitude of civilians in the nations unlucky enough to provide a source of corporate welfare to the military industrial complex and war profiteering for the few (as warned against by President General Eisenhower), they died for nothing, for no good reason beyond the false propaganda. Six NATO troops killed in Afghanistan (Washington Post) [ Is there something wrong with the following picture? … am I missing something? … Gates's warning: Avoid land war in Asia, Middle East, and Africa Christian Science Monitor - In a speech to cadets at the United States Military Academy at West Point, Gates's message was clear: The US military services, as well as the elected and appointed civilians who send them to war, need better ways of foreseeing and preparing for ... Gates Tells US Army to Take New Approach Voice of America Warning Against Wars Like Iraq and Afghanistan New York Times [ Better said, than unsaid; but, methinks a bit late for that in light of pervasively corrupt, defacto bankrupt america’s consummate decline and fall! If only they had listened and not shot at the messenger … things could have been different! ] ] American military officials expect that the Taliban will mount a campaign to regain ground lost to U.S. troops last year and use suicide bombing teams to strike at those associated with the Afghan government or coalition forces. ]

Violent spring looming in Afghanistan (Washington Post) [ See … something to look forward to … must be that good news that keeps getting pushed back … and spring no less … everything blooming, or in war criminal american-speak … ‘booming’ … but not the defacto bankrupt american economy for which a crash is ‘looming’. Could somebody help me out with a translation of gates’ speech a west point … I must be missing something … Lt. Gen. John Kelly, who lost son to war, says U.S. largely unaware of sacrifice (Washington Post) [ I disagree! They are very much aware; as they stand in unemployment lines, use food stamps to get by, etc.. I hate to sound cavalier and I’m sorry that Kelly lost a son to war, but along with the multitude of civilians in the nations unlucky enough to provide a source of corporate welfare to the military industrial complex and war profiteering for the few (as warned against by President General Eisenhower), they died for nothing, for no good reason beyond the false propaganda. Six NATO troops killed in Afghanistan (Washington Post) [ Is there something wrong with the following picture? … am I missing something? … Gates's warning: Avoid land war in Asia, Middle East, and Africa Christian Science Monitor - In a speech to cadets at the United States Military Academy at West Point, Gates's message was clear: The US military services, as well as the elected and appointed civilians who send them to war, need better ways of foreseeing and preparing for ... Gates Tells US Army to Take New Approach Voice of America Warning Against Wars Like Iraq and Afghanistan New York Times [ Better said, than unsaid; but, methinks a bit late for that in light of pervasively corrupt, defacto bankrupt america’s consummate decline and fall! If only they had listened and not shot at the messenger … things could have been different! ] ] American military officials expect that the Taliban will mount a campaign to regain ground lost to U.S. troops last year and use suicide bombing teams to strike at those associated with the Afghan government or coalition forces.

NATO endorses plan for Afghan forces to take over several areas (Washington Post) [ Yeah! Sounds like a plan … if the several areas encompass the entire nation; and, nato quits their foolishness in wasting money they don’t have for the sake of the military industrial complex, war profiteers, thieves, and (nato) heroin dealers. ]

Karzai condemns deadly NATO airstrike (Washington Post) [ Well, for pervasively corrupt, defacto bankrupt america, it’s just another of many war crimes. They just role out the propaganda machine that no one is buying anymore. Yet, can you believe your eyes and ears here: Six NATO troops killed in Afghanistan (Washington Post) [ Is there something wrong with the following picture? … am I missing something? … Gates's warning: Avoid land war in Asia, Middle East, and Africa Christian Science Monitor - In a speech to cadets at the United States Military Academy at West Point, Gates's message was clear: The US military services, as well as the elected and appointed civilians who send them to war, need better ways of foreseeing and preparing for ... Gates Tells US Army to Take New Approach Voice of America Warning Against Wars Like Iraq and Afghanistan New York Times [ Better said, than unsaid; but, methinks a bit late for that in light of pervasively corrupt, defacto bankrupt america’s consummate decline and fall! If only they had listened and not shot at the messenger … things could have been different! ] A NATO airstrike that Afghan officials said killed nine children collecting firewood in eastern Afghanistan beccomes the latest irritant in the tense relationship between President Hamid Karzai and the international force in the country.

Turmoil jars U.S. counter-terror efforts (Washington Post) [ Now how does this come as a surprise to anyone? Beyond america’s propaganda machine, orwellian england, etc., just how do think the war crimes, invasions, pillaging and plundering, and killing of innocent children, women, and men by pervasively corrupt, defacto bankrupt america et als for the sake of the u.s. military military complex are viewed by the rest of the world, and particularly the subject region. Euphemistically but realistically speaking, ‘not good’! … Gates says killing of Afghan boys a "setback" (Reuters) [Ah, yes, riiiiight! … that’s what it is, alright…just a setback…I see. ] Gates: US military to stay in Afghanistan US Defense Secretary Robert Gates, who is on a surprise visit to Afghanistan, says the American military should stay in the conflict-riddled country despite the rising human costs. Violent spring looming in Afghanistan (Washington Post) [ See … something to look forward to … must be that good news that keeps getting pushed back … and spring no less … everything bombing blooming or in war criminal american-speak … ‘booming’ … but not the defacto bankrupt american economy for which a crash is ‘looming’. Could somebody help me out with a translation of gates’ speech a west point … I must be missing something … Lt. Gen. John Kelly, who lost son to war, says U.S. largely unaware of sacrifice (Washington Post) [ I disagree! They are very much aware; as they stand in unemployment lines, use food stamps to get by, etc.. I hate to sound cavalier and I’m sorry that Kelly lost a son to war, but along with the multitude of civilians in the nations unlucky enough to provide a source of corporate welfare to the military industrial complex and war profiteering for the few (as warned against by President General Eisenhower), they died for nothing, for no good reason beyond the false propaganda. Six NATO troops killed in Afghanistan (Washington Post) [ Is there something wrong with the following picture? … am I missing something? … Gates's warning: Avoid land war in Asia, Middle East, and Africa Christian Science Monitor - In a speech to cadets at the United States Military Academy at West Point, Gates's message was clear: The US military services, as well as the elected and appointed civilians who send them to war, need better ways of foreseeing and preparing for ... Gates Tells US Army to Take New Approach Voice of America Warning Against Wars Like Iraq and Afghanistan New York Times [ Better said, than unsaid; but, methinks a bit late for that in light of pervasively corrupt, defacto bankrupt america’s consummate decline and fall! If only they had listened and not shot at the messenger … things could have been different! ] ] American military officials expect that the Taliban will mount a campaign to regain ground lost to U.S. troops last year and use suicide bombing teams to strike at those associated with the Afghan government or coalition forces. ]

U.N. confirms probe into allegations of torture by Gaddafi's forces (Washington Post) [ Well we all know how effective the u.n. has been in enforcing the mandate against torture / war crimes in light of their stern rebuke / sanctions / action against the u.s. / israel … riiiiight! http://albertpeia.com/evilonthetarmac.htm ]

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

Murder on the high seas JERUSALEM: Israeli marines stormed aid ships bound for Gaza on Monday and at least 10 rights activists were killed, triggering a diplomatic crisis and an emergency session of the UN Security Council. European nations, as well as the United Nations and Turkey, voiced shock and outrage at the bloody end to the international campaigners' bid to break Israel's blockade of the Gaza Strip

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

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

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

Bombs more lethal than in Dec. 25 attempt (Washington Post) [ Truth be told, there’s no shortage of pre-election skepticism … ] The package bombs discovered on cargo flights last week contained far more explosive material than the device that the alleged underwear bomber planned to use last Christmas to down a Detroit-bound jetliner, officials said. [Did Obama Order British Authorities To Find Non-Existent Ink Bomb? Paul Joseph Watson | Only after President’s speech did East Midlands security officials reverse earlier announcement that suspicious device was a dud..

The Cult Of Obama Crashes And Burns Steve Watson | The hope has gone, the change never came – now people are just pissed off.

Toner Bomb Plot Used to Empower CIA Kurt Nimmo | Absurd toner bomb plot provides excuse to rationalize the global reach of the CIA into Arabian peninsula.

CIA Stooge Awlaki Prime Suspect Behind Plane Bomb Plot Paul Joseph Watson | Evidence screams “false flag” as authorities seek to crush resistance against invasive airport security measures, while Obama exploits event for domestic and geopolitical gain.

Israel Knew About Toner Bomb Plot Before Devices Were Found Transportation minister hints state knew about mail terror plot before it was publicly revealed Friday. ‘Since Thursday Israeli representatives have been securing shipments to Israel from airports worldwide,’ he says.

Did Obama Order British Authorities To Find Non-Existent Ink Bomb? After having examined the suspicious ink toner device for six hours and found it to be a dud, bomb experts at East Midlands Airport only reversed their decision after being ordered to re-inspect the package by US authorities following President Obama’s Friday afternoon speech in which he claimed that the devices did in fact contain explosives.

Toner Bomb Plot Used to Empower CIA In addition to adding new urgency and a fresh dose of hysteria to the flagging war on manufactured terror, the toner bomb plot has provided an excuse to rationalize the global reach of the CIA.

No U.S. Commercial or Private Plane left Yemen to the U.S. over last 48 hours; Yemeni Official A Yemeni official told Yemen Post that no U.S. cargo aircraft of any American company flew out of Yemen over the last 48 hours.

Yemen Insists No Packages Sent 48 Hours Prior to Toner Bomb Hysteria Kurt Nimmo | As usual, the government has not done a very good job of making the latest al-CIA-duh plot credible.

Obama ‘Fake Terror’ Alert Story Hits #1 on Google Efforts to warn the population that the Obama Administration, like the Bush Administration before it, has engaged in issuing fake terror alerts has gone viral, with the search term “fake terror” reaching #1 on Google Trends. It is yet another success in the Infowar, initiated on the Alex Jones Show.

Obama Issues Fake Terror Alert On Eve Of Elections As we predicted on four separate occasions would happen, the Obama White House has deliberately contrived a fake terror scare on the eve of the mid-term elections in an effort to subdue the rampaging political appetite for anti-big government candidates that threatens to sweep aside establishment incumbents next week. ]

Obama: Suspicious packages are a 'credible terrorist threat' (Washington Post) [October surprise anyone … still October … trick or treat … there are skeptics … then there are some who’ll say … just jewish synagogues, no big deal … nothing of strategic value … healthy dose of skepticism … Obama ‘Fake Terror’ Alert Story Hits #1 on Google Aaron Dykes Infowars.com October 29, 2010 Efforts to warn the population that the Obama Administration, like the Bush Administration before it, has engaged in issuing fake terror alerts has gone viral, with the search term “fake terror” reaching #1 on Google Trends. It is yet another success in the Infowar, initiated on the Alex Jones Show. As we are just days out from the 2010 midterm elections, voters must realize that the establishment has willfully engaged in hyping up false alerts to scare the public into believing that we are under siege by potential terrorist acts at all moments. Various “officials” have been warning that an attack is likely to occur for weeks now, and it is no surprise to see the Obama Administration trying to use the fear to its advantage. Recall that Obama advisor and former top Clinton official, Robert Shapiro, alluded to the idea that only a terror attack could save Obama’s presidency earlier in the year.

“The bottom line here is that Americans don’t believe in President Obama’s leadership,” said Shapiro, adding, “He has to find some way between now and November of demonstrating that he is a leader who can command confidence and, short of a 9/11 event or an Oklahoma City bombing, I can’t think of how he could do that.”

Read the original story by Paul Joseph Watson here, as it has been updated.

The general scare of the fake terror alert is all the more alarming, as President Obama has gone on to contradict announcements from his own administration, claiming that the suspicious package “did apparently contain explosive material” in a press conference. This, after it was already admitted the suspicious package, which originated from the UK, was harmless and contained no explosives Obama Issues Fake Terror Alert On Eve Of Elections Paul Joseph Watson | Establishment media fearmongers about “mail bomb plot” despite no bombs being found. Corporate Media On High Alert Over “Manipulated” Toner Cartridge On UK Plane Kurt Nimmo | Officialdom and authorities jack up the scary pre-election rhetoric ]

GOP's Palin paradox (Washington Post) Parker: She's too powerful to ignore, and too (fill-in-the-blank) to take seriously. [ Say it! … Dumb! … Everybody knows it! … Cher even said it! … I believe that this further evinces the leadership vacuum in america and is a testament to how unequivocally far america has fallen. Powerful? I don’t think so! ]

Sarah Palin: The Next Teleprompter Reader in the White House [ Not gonna’ happen … she’s just too embarrassingly dumb … and all that fake macho / zionist b*** s*** … unless her gal o’donnel casts a spell … which is a whole new ball game … witches … really … how ‘bout dumb *******s …. she’s really dumb enough to press the button. ] ? Kurt Nimmo | In 2008, Tea Party Sarah trekked to New York to kiss Henry Kissinger’s ring.

Sarah Palin: The Next Teleprompter Reader in the White House? [ Not gonna’ happen … she’s just too embarrassingly dumb … unless her gal o’donnel casts a spell … which is a whole new ball game … witches … really … how ‘bout dumb *******s ... and all that fake macho / zionist b*** s*** ... she’s really dumb enough to press the button. ] It looks like the establishment is grooming Tea Party Sarah for a run. She says as much in the Newsmax interview below.

Palin calls reporters 'impotent' and 'limp' (Washington Post) [ I must reiterate, she, palin’s so embarrassingly dumb! She truly is the joke that keeps on giving! I really mean it! I mean, what next? ] The former Alaska governor weighed in herself: "Those who are impotent and limp and gutless and they go on their anonymous -- sources that are anonymous -- and impotent, limp and gutless reporters take anonymous sources and cite them as being factual references," she told Sean Hannity. "It just slays me ( this could be a somewhat Freudian slip as she contemplates the uselessness of sexually non-interested reporters while she meant lays and I think her supposed / purported attractiveness / desirability is vastly overstated; but, this makes for great SNL skits; you know, those reporters not man enough to service her ) because it's so absolutely clear what the state of yellow journalism is today that they would take these anonymous sources as fact."

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

Comment on: 5 Myths about Sarah Palin at 10/14/2010 9:39 PM EDT

Test yourself to find out how much you know about Sarah Palin. Take the quiz and after, check out The Washington Post's 'Five Myths about Palin.' (Washington Post) [ Geeh! I scoured the quiz / 5 myths and nowhere did I see the obvious myth; viz., that she really has a brain. Maybe gal pal pol protégé o’donnell can help her out … a few mysterious words, a slimy newt (gingrich) in a caldron of b*** s*** , and voila … a new reality which is what o’donnell herself is sorely in need of … O'Donnell, evolved Milbank: She didn't mention mice with human brains in Wednesday's debate. But she said silly things. Stromberg: O'Donnell is... wow The CNN host, moderating the long awaited Delaware senatorial debate Wednesday night, was trying to get the Republican nominee to talk about her 1998 statement on the Bill Maher show that "evolution is a myth."
"Do you believe evolution is a myth?" Blitzer asked.
"I believe that the local ... " O'Donnell began, then started anew. "I was talking about what a local school taught, and that should be taught, that should be decided on the local community."
"Do you believe evolution is a myth?" the moderator repeated.
"Local schools should make that decision."
"What do you believe?"
"What I believe is irrelevant."
"Why is it irrelevant? Voters want to know."
"What I will support in Washington, D.C. is the ability of the local school system to decide what is taught in their classrooms," O'Donnell repeated.
The answer, though, was obvious: Of course she believes in evolution; she is a product of evolution herself. She has evolved from a very odd woman who spoke about the evils of masturbation and of mice with fully functioning human brains and of her experience in sorcery (but she didn't join a coven!). …

Obama creates indefinite detention system for prisoners at Guantanamo Bay (Washington Post) [ Sounds more like fellow failed president/war criminal dumbya bush every day. Meanwhile, back at the pervasively corrupt, defacto bankrupt american credit farm (totalitarian communist china): New restrictions on foreign journalists Under rules announced after foreign journalists were physically harassed by security officers, foreign journalists must have government permission to interview anyone in a public area.]

In interview, Bush defends Iraq war and waterboarding (Washington Post) [ Defending the indefensible … what choice does he have … then there’s the lies … ] Bush breaks silence, writes next chapter (Washington Post) [ As a failed president and war criminal himself, moron dumbya bush is among the few in the world that makes failed president wobama look plausibly good in comparison … wobama merely continued the failed policies of dumbya (perpetual war, no pros the frauds on wallstreet, etc.) that got pervasively corrupt, defacto bankrupt america to this point of decline and failure. ] Anne E. Kornblut Your take: His most memorable moment? [ Like regrets in that old song (his way) he’s had a few – http://albertpeia.com/evilonthetarmac.htm here’s a few: bushisms from bush the brain-damaged moron http://albertpeia.com/bushisms.htm :

"After standing on the stage, after the debates, I made it very plain, we will not have an all-volunteer army. And yet, this week—we will have an all-volunteer army. Let me restate that."—Daytona Beach, Fla., Oct. 16, 2004

"The CIA laid out several scenarios and said life could be lousy, life could be OK, life could be better, and they were just guessing as to what the conditions might be like."—New York, Sept. 21, 2004

"Free societies are hopeful societies. And free societies will be allies against these hateful few who have no conscience, who kill at the whim of a hat."—Washington, D.C., Sept. 17, 2004 (Thanks to David Stanford.)

"That's why I went to the Congress last September and proposed fundamental—supplemental funding, which is money for armor and body parts and ammunition and fuel."—Erie, Pa., Sept. 4, 2004

"Too many good docs are getting out of the business. Too many OB/GYN's aren't able to practice their love with women all across the country."—Sept. 6, 2004, Poplar Bluff, Mo.

"They've seen me make decisions, they've seen me under trying times, they've seen me weep, they've seen me laugh, they've seen me hug. And they know who I am, and I believe they're comfortable with the fact that they know I'm not going to shift principles or shift positions based upon polls and focus groups." —Interview with USA Today, Aug. 27, 2004

"I didn't join the International Criminal Court because I don't want to put our troops in the hands of prosecutors from other nations. Look, if somebody has done some wrong in our military, we'll take care of it. We got plenty of capability of dealing with justice."—Niceville, Fla., Aug. 10, 2004

"So community colleges are accessible, they're available, they're affordable, and their curriculums don't get stuck. In other words, if there's a need for a certain kind of worker, I presume your curriculums evolved over time."—Niceville, Fla., Aug. 10, 2004

"Tribal sovereignty means that, it's sovereign. You're a—you've been given sovereignty, and you're viewed as a sovereign entity. And, therefore, the relationship between the federal government and tribes is one between sovereign entities."—Washington, D.C., Aug. 6, 2004

"Secondly, the tactics of our—as you know, we don't have relationships with Iran. I mean, that's—ever since the late '70s, we have no contacts with them, and we've totally sanctioned them. In other words, there's no sanctions—you can't—we're out of sanctions."—Annandale, Va., Aug. 9, 2004

"I mean, if you've ever been a governor of a state, you understand the vast potential of broadband technology, you understand how hard it is to make sure that physics, for example, is taught in every classroom in the state. It's difficult to do. It's, like, cost-prohibitive."—Washington, D.C., June 24, 2004 (Thanks to Michael Shively.)

"Our enemies are innovative and resourceful, and so are we. They never stop thinking about new ways to harm our country and our people, and neither do we."—Washington, D.C., Aug. 5, 2004 (Thanks to Alicia Butler.)

"And I am an optimistic person. I guess if you want to try to find something to be pessimistic about, you can find it, no matter how hard you look, you know?"—Washington, D.C., June 15, 2004 (Thanks to Robert Irwin.)

"[A] free Iraq is essential to our respective securities."—Washington, D.C., June 1, 2004

"I want to thank my friend, Sen. Bill Frist, for joining us today. … He married a Texas girl, I want you to know. (Laughter.) Karyn is with us. A West Texas girl, just like me."—Nashville, Tenn., May 27, 2004

"I'm honored to shake the hand of a brave Iraqi citizen who had his hand cut off by Saddam Hussein."—Washington, D.C., May 25, 2004

"This has been tough weeks in that country."—Washington, D.C., April 13, 2004 (Thanks to David Huddleston.)

"[B]y the way, we rank 10^th amongst the industrialized world in broadband technology and its availability. That's not good enough for America. Tenth is 10 spots too low as far as I'm concerned."—Minneapolis, Minn., April 26, 2004

"My job is to, like, think beyond the immediate."—Washington, D.C., April 21, 2004

"This is historic times."—New York, N.Y., April 20, 2004

"Obviously, I pray every day there's less casualty."—Fort Hood, Texas, April 11, 2004 (Thanks to Pat Gallagher.)

"Recession means that people's incomes, at the employer level, are going down, basically, relative to costs, people are getting laid off."—Washington, D.C., Feb. 19, 2004 (Thanks to Garry Trudeau.)

"God loves you, and I love you. And you can count on both of us as a powerful message that people who wonder about their future can hear."—Los Angeles, Calif., March 3, 2004 (Thanks to Tanny Bear.)

"The march to war affected the people's confidence. It's hard to make investment. See, if you're a small business owner or a large business owner and you're thinking about investing, you've got to be optimistic when you invest. Except when you're marching to war, it's not a very optimistic thought, is it? In other words, it's the opposite of optimistic when you're thinking you're going to war." —Springfield, Mo., Feb. 9, 2004 (Thanks to Garry Trudeau.)

"See, one of the interesting things in the Oval Office—I love to bring people into the Oval Office—right around the corner from here—and say, this is where I office, but I want you to know the office is always bigger than the person."—Washington, D.C., Jan. 29, 2004 (Thanks to Michael Shively.)

"More Muslims have died at the hands of killers than—I say more Muslims—a lot of Muslims have died—I don't know the exact count—at Istanbul. Look at these different places around the world where there's been tremendous death and destruction because killers kill."—Washington, D.C., Jan. 29, 2004 (Thanks to Michael Shively.)

"In an economic recession, I'd rather that in order to get out of this recession, that the people be spending their money, not the government trying to figure out how to spend the people's money."—Tampa, Fla., Feb. 16, 2004

"King Abdullah of Jordan, the King of Morocco, I mean, there's a series of places—Qatar, Oman—I mean, places that are developing—Bahrain—they're all developing the habits of free societies."—Washington, D.C., Jan. 29, 2004

"But the true strength of America is found in the hearts and souls of people like Travis, people who are willing to love their neighbor, just like they would like to love themselves."—Springfield, Mo., Feb. 9, 2004 (Thanks to George Dupper.)

"My views are one that speaks to freedom."—Washington, D.C., Jan. 29, 2004

"In my judgment, when the United States says there will be serious consequences, and if there isn't serious consequences, it creates adverse consequences."

"There is no such thing necessarily in a dictatorial regime of iron-clad absolutely solid evidence. The evidence I had was the best possible evidence that he had a weapon."

"The recession started upon my arrival. t could have been—some say February, some say March, some speculate maybe earlier it started—but nevertheless, it happened as we showed up here. The attacks on our country affected our economy. Corporate scandals affected the confidence of people and therefore affected the economy. My decision on Iraq, this kind of march to war, affected the economy."—Meet the Press, Feb. 8, 2004

"I was a prisoner too, but for bad reasons."—To Argentine President Nestor Kirchner, on being told that all but one of the Argentine delegates to a summit meeting were imprisoned during the military dictatorship, Monterrey, Mexico, Jan. 13, 2004

"[T]he illiteracy level of our children are appalling."—Washington, D.C., Jan. 23, 2004 (Thanks to Lewell Gunter.)

"Just remember it's the birds that's supposed to suffer, not the hunter."—Advising quail hunter and New Mexico Sen. Pete Domenici, Roswell, N.M., Jan. 22, 2004

"One of the most meaningful things that's happened to me since I've been the governor—the president—governor—president. Oops. Ex-governor. I went to Bethesda Naval Hospital to give a fellow a Purple Heart, and at the same moment I watched him—get a Purple Heart for action in Iraq—and at that same—right after I gave him the Purple Heart, he was sworn in as a citizen of the United States—a Mexican citizen, now a United States citizen."—Washington, D.C., Jan. 9, 2004

"I want to thank the astronauts who are with us, the courageous spacial entrepreneurs who set such a wonderful example for the young of our country."—Washington, D.C., Jan. 14, 2004

"And if you're interested in the quality of education and you're paying attention to what you hear at Laclede, why don't you volunteer? Why don't you mentor a child how to read?"—St. Louis, Mo., Jan. 5, 2004

"So thank you for reminding me about the importance of being a good mom and a great volunteer as well."—St. Louis, Jan. 5, 2004

"I want to remind you all that in order to fight and win the war, it requires an expenditure of money that is commiserate with keeping a promise to our troops to make sure that they're well-paid, well-trained, well-equipped."

"See, without the tax relief package, there would have been a deficit, but there wouldn't have been the commiserate—not 'commiserate'—the kick to our economy that occurred as a result of the tax relief."

"[T]he best way to find these terrorists who hide in holes is to get people coming forth to describe the location of the hole, is to give clues and data."

"Justice was being delivered to a man who defied that gift from the Almighty to the people of Iraq."—Washington, D.C., Dec. 15, 2003

"[A]s you know, these are open forums, you're able to come and listen to what I have to say."—Washington, D.C., Oct. 28, 2003

"The ambassador and the general were briefing me on the—the vast majority of Iraqis want to live in a peaceful, free world. And we will find these people and we will bring them to justice."—Washington, D.C., Oct. 27, 2003 (Thanks to Robert Hack.)

"[W]hether they be Christian, Jew, or Muslim, or Hindu, people have heard the universal call to love a neighbor just like they'd like to be called themselves."—Washington, Oct. 8, 2003 (Thanks to George Dupper.)

"See, free nations are peaceful nations. Free nations don't attack each other. Free nations don't develop weapons of mass destruction."—Milwaukee, Wis., Oct. 3, 2003

"[W]e've had leaks out of the administrative branch, had leaks out of the legislative branch, and out of the executive branch and the legislative branch, and I've spoken out consistently against them, and I want to know who the leakers are."—Chicago, Sept. 30, 2003

"Washington is a town where there's all kinds of allegations. You've heard much of the allegations. And if people have got solid information, please come forward with it. And that would be people inside the information who are the so-called anonymous sources, or people outside the information—outside the administration."—Chicago, Sept. 30, 2003 (Thanks to Andy Bowers.)

"[T]hat's just the nature of democracy. Sometimes pure politics enters into the rhetoric."—Crawford, Texas, Aug. 8, 2003 (Thanks to Inigo Thomas.)

"I glance at the headlines just to kind of get a flavor for what's moving. I rarely read the stories, and get briefed by people who are probably read the news themselves."—Washington, D.C., Sept. 21, 2003

"I'm so pleased to be able to say hello to Bill Scranton. He's one of the  great Pennsylvania political families."—Drexel Hill, Penn., Sept. 15, 2003 (Thanks to Michael Shively.)

"We had a good Cabinet meeting, talked about a lot of issues. Secretary of State and Defense brought us up to date about our desires to spread freedom and peace around the world."—Washington, D.C., Aug. 1, 2003 (Thanks to Tanny Bear.)

"Security is the essential roadblock to achieving the road map to peace."—Washington, D.C., July 25, 2003

"Our country puts $1 billion a year up to help feed the hungry. And we're by far the most generous nation in the world when it comes to that, and I'm proud to report that. This isn't a contest of who's the most generous. I'm just telling you as an aside. We're generous. We shouldn't be bragging about it. But we are. We're very generous."—Washington, D.C., July 16, 2003

"It's very interesting when you think about it, the slaves who left here to go to America, because of their steadfast and their religion and their belief in freedom, helped change America."—Dakar, Senegal, July 8, 2003 (Thanks to Michael Shively.)

"My answer is bring them on."—On Iraqi militants attacking U.S. forces, Washington, D.C., July 3, 2003

"You've also got to measure in order to begin to effect change that's just more—when there's more than talk, there's just actual—a paradigm shift."—Washington, D.C., July 1, 2003 (Thanks to Michael Shively.)

"I urge the leaders in Europe and around the world to take swift, decisive action against terror groups such as Hamas, to cut off their funding, and to support—cut funding and support, as the United States has done."—Washington, D.C., June 25, 2003

"Iran would be dangerous if they have a nuclear weapon."—Washington, D.C., June 18, 2003

"Now, there are some who would like to rewrite history—revisionist historians is what I like to call them."—Elizabeth, N.J., June 16, 2003

"I am determined to keep the process on the road to peace."—Washington, D.C., June 10, 2003 (Thanks to Tanny Bear.)

"The true strength of America happens when a neighbor loves a neighbor just like they'd like to be loved themselves."—Elizabeth, N.J., June 16, 2003

"We are making steadfast progress."—Washington, D.C., June 9, 2003 (Thanks to Michael Shively.)

"I'm the master of low expectations."—Aboard Air Force One, June 4, 2003

"I'm also not very analytical. You know I don't spend a lot of time thinking about myself, about why I do things."—Aboard Air Force One, June 4, 2003

"I recently met with the finance minister of the Palestinian Authority, was very impressed by his grasp of finances."—Washington, D.C., May 29, 2003

"Oftentimes, we live in a processed world—you know, people focus on the process and not results."—Washington, D.C., May 29, 2003

"I've got very good relations with President Mubarak and Crown Prince Abdallah and the King of Jordan, Gulf Coast countries."—Washington, D.C., May 29, 2003

"All up and down the different aspects of our society, we had meaningful discussions. Not only in the Cabinet Room, but prior to this and after this day, our secretaries, respective secretaries, will continue to interact to create the conditions necessary for prosperity to reign."—Washington, D.C., May 19, 2003

"First, let me make it very clear, poor people aren't necessarily killers. Just because you happen to be not rich doesn't mean you're willing to kill."—Washington, D.C., May 19, 2003

"We ended the rule of one of history's worst tyrants, and in so doing, we not only freed the American people, we made our own people more secure."—Crawford, Texas, May 3, 2003 (Thanks to Tony Marciniec.)

"We've had a great weekend here in the Land of the Enchanted."—Albuquerque, N.M., May 12, 2003 (New Mexico's state nickname is "Land of Enchantment.")

"We've got hundreds of sites to exploit, looking for the chemical and biological weapons that we know Saddam Hussein had prior to our entrance into Iraq."—Santa Clara, Calif., May 2, 2003 (Thanks to Michael Shively.)

"I think war is a dangerous place."—Washington, D.C., May 7, 2003

"I don't bring God into my life to—to, you know, kind of be a political person."—Interview with Tom Brokaw aboard Air Force One, April 24, 2003

"You're free. And freedom is beautiful. And, you know, it'll take time to restore chaos and order—order out of chaos. But we will."—Washington, D.C., April 13, 2003

"Perhaps one way will be, if we use military force, in the post-Saddam Iraq the U.N. will definitely need to have a role. And that way it can begin to get its legs, legs of responsibility back."—the Azores, Portugal, March 16, 2003

"I know there's a lot of young ladies who are growing up wondering whether or not they can be champs. And they see the championship teams from USC and University of Portland here, girls who worked hard to get to where they are, and they're wondering about the example they're setting. What is life choices about?"—Washington, D.C., Feb. 24, 2003

"Now, we talked to Joan Hanover. She and her husband, George, were visiting with us. They are near retirement—retiring—in the process of retiring, meaning they're very smart, active, capable people who are retirement age and are retiring."—Alexandria, Va., Feb. 12, 2003 (Thanks to Dennis Doubleday.)

"Columbia carried in its payroll classroom experiments from some of our students in America."—Bethesda, Md., Feb. 3, 2003

"And, most importantly, Alma Powell, secretary of Colin Powell, is with us."—Washington, D.C., Jan. 30, 2003

"The war on terror involves Saddam Hussein because of the nature of Saddam Hussein, the history of Saddam Hussein, and his willingness to terrorize himself."—Grand Rapids, Mich., Jan. 29, 2003

"When Iraq is liberated, you will be treated, tried, and persecuted as a war criminal."—Washington, D.C., Jan. 22, 2003 (Thanks to Chad Conwell.)

"Many of the punditry—of course, not you (laughter)—but other punditry were quick to say, no one is going to follow the United States of America."—Washington, D.C., Jan. 21, 2003

"One year ago today, the time for excuse-making has come to an end."—Washington, D.C., Jan. 8, 2003

"I think the American people—I hope the American–I don't think, let me—I hope the American people trust me."—Washington, D.C., Dec. 18, 2002

"The goals for this country are peace in the world. And the goals for this country are a compassionate American for every single citizen. That compassion is found in the hearts and souls of the American citizens."—Washington, D.C., Dec. 19, 2002 (Thanks to Michael Shively.)

"There's only one person who hugs the mothers and the widows, the wives and the kids upon the death of their loved one. Others hug but having committed the troops, I've got an additional responsibility to hug and that's me and I know what it's like."—Washington, D.C., Dec. 11, 2002

"In other words, I don't think people ought to be compelled to make the decision which they think is best for their family."—Washington, D.C., Dec. 11, 2002 (Thanks to Stephanie Nichols.)

"Sometimes, Washington is one of these towns where the person—people who think they've got the sharp elbow is the most effective person." —New Orleans, Dec. 3, 2002 (Thanks to Michael Shively.)

"The law I sign today directs new funds and new focus to the task of collecting vital intelligence on terrorist threats and on weapons of mass production."—Washington, D.C., Nov. 27, 2002

"These people don't have tanks. They don't have ships. They hide in caves. They send suiciders out."—Speaking about terrorists, Portsmouth, N.H., Nov. 1, 2002

"I know something about being a government. And you've got a good one."—Stumping for Gov. Mike Huckabee, Bentonville, Ark., Nov. 4, 2002

"I need to be able to move the right people to the right place at the right time to protect you, and I'm not going to accept a lousy bill out of the United Nations Senate."—South Bend, Ind., Oct. 31, 2002

 "John Thune has got a common-sense vision for good forest policy. I look forward to working with him in the United Nations Senate to preserve these national heritages."

"Any time we've got any kind of inkling that somebody is thinking about doing something to an American and something to our homeland, you've just got to know we're moving on it, to protect the United Nations Constitution, and at the same time, we're protecting you."—Aberdeen, S.D., same day (Thanks to George Dupper.)

"Let me tell you my thoughts about tax relief. When your economy is kind of ooching along, it's important to let people have more of their own money."—Boston, Oct. 4, 2002

"I was proud the other day when both Republicans and Democrats stood with me in the Rose Garden to announce their support for a clear statement of purpose: you disarm, or we will."—Speaking about Saddam Hussein, Manchester, N.H., Oct. 5, 2002 (Thanks to George Dupper.)

"You see, the Senate wants to take away some of the powers of the administrative branch."—Washington, D.C., Sept. 19, 2002

"We need an energy bill that encourages consumption."—Trenton, N.J., Sept. 23, 2002

"People say, how can I help on this war against terror? How can I fight evil? You can do so by mentoring a child; by going into a shut-in's house and say I love you."—Washington, D.C., Sept. 19, 2002

"I'm plowed of the leadership of Chuck Grassley and Greg Ganske and Jim Leach."—Davenport, Iowa, Sept. 16, 2002

"There's an old saying in Tennessee—I know it's in Texas, probably in Tennessee—that says, fool me once, shame on—shame on you. Fool me—you can't get fooled again."—Nashville, Tenn., Sept. 17, 2002

"There's no doubt in my mind that we should allow the world worst leaders to hold America hostage, to threaten our peace, to threaten our friends and allies with the world's worst weapons."—South Bend, Ind., Sept. 5, 2002

"If you don't have any ambitions, the minimum-wage job isn't going to get you to where you want to get, for example. In other words, what is your ambitions? And oh, by the way, if that is your ambition, here's what it's going to take to achieve it."—Speech to students in Little Rock, Ark., Aug. 29, 2002 (Thanks to George Dupper.)

"See, we love—we love freedom. That's what they didn't understand. They hate things; we love things. They act out of hatred; we don't seek revenge, we seek justice out of love."—Oklahoma City, Aug. 29, 2002

"There's no cave deep enough for America, or dark enough to hide."—Oklahoma City, Aug. 29, 2002 (Thanks to Michael Shively.)

"President Musharraf, he's still tight with us on the war against terror, and that's what I appreciate. He's a—he understands that we've got to keep al-Qaida on the run, and that by keeping him on the run, it's more likely we will bring him to justice."—Ruch, Ore., Aug. 22, 2002 (Thanks to Scott Miller.)

"I'm a patient man. And when I say I'm a patient man, I mean I'm a patient man."

"Nothing he [Saddam Hussein] has done has convinced me—I'm confident the Secretary of Defense—that he is the kind of fellow that is willing to forgo weapons of mass destruction, is willing to be a peaceful neighbor, that is—will honor the people—the Iraqi people of all stripes, will—values human life. He hasn't convinced me, nor has he convinced my administration."—Crawford, Texas, Aug. 21, 2002

"I'm thrilled to be here in the bread basket of America because it gives me a chance to remind our fellow citizens that we have an advantage here in America—we can feed ourselves."—Stockton, Calif., Aug. 23, 2002 (Thanks to Christopher Baird.)

"There's no bigger task than protecting the homeland of our country."

"The federal government and the state government must not fear programs who change lives, but must welcome those faith-based programs for the embetterment of mankind."—Stockton, Calif., Aug. 23, 2002 (Thanks to George Dupper.)

"I love the idea of a school in which people come to get educated and stay in the state in which they're educated."

"There may be some tough times here in America. But this country has gone through tough times before, and we're going to do it again."

"I promise you I will listen to what has been said here, even though I wasn't here."

"I can assure you that, even though I won't be sitting through every single moment of the seminars, nor will the vice president, we will look at the summaries."

"Tommy [Thompson, Health and Human Services secretary,] is a good listener, and he's a pretty good actor, too."

"The trial lawyers are very politically powerful. … But here in Texas we took them on and got some good medical—medical malpractice.""I firmly believe the death tax is good for people from all walks of life all throughout our society."

—Waco, Texas, Aug. 13, 2002

"There was no malfeance involved. This was an honest disagreement about accounting procedures. ... There was no malfeance, no attempt to hide anything."—White House press conference, Washington, D.C., July 8, 2002

"I also understand how tender the free enterprise system can be."—White House press conference, Washington, D.C., July 9, 2002

"Over 75 percent of white Americans own their home, and less than 50 percent of Hispanos and African Americans don't own their home. And that's a gap, that's a homeownership gap. And we've got to do something about it."—Cleveland, Ohio, July 1, 2002

"Whether you're here by birth, or whether you're in America by choice, you contribute to the vitality of our life. And for that, we are grateful."—Washington, D.C., May 17, 2002

"I'd rather have them sacrificing on behalf of our nation than, you know, endless hours of testimony on congressional hill."—National Security Agency, Fort Meade, Maryland, June 4, 2002

"We're working with Chancellor Schröder on what's called 10-plus-10-over-10: $10 billion from the U.S.,$10 billion from other members of the G7 over a 10-year period, to help Russia securitize the dismantling—the dismantled nuclear warheads."—Berlin, Germany, May 23, 2002

"Do you have blacks, too?"—To Brazilian President Fernando Cardoso, Washington, D.C., Nov. 8, 2001

"This is a nation that loves our freedom, loves our country."—Washington, D.C, May 17, 2002

"The public education system in America is one of the most important foundations of our democracy. After all, it is where children from all over America learn to be responsible citizens, and learn to have the skills necessary to take advantage of our fantastic opportunistic society."—Santa Clara, Calif., May 1, 2002

"After all, a week ago, there were—Yasser Arafat was boarded up in his building in Ramallah, a building full of, evidently, German peace protestors and all kinds of people. They're now out. He's now free to show leadership, to lead the world."—Washington, D.C., May 2, 2002 (Thanks to M. Bateman.)

"This foreign policy stuff is a little frustrating."—as quoted by the New York Daily News, April 23, 2002

"I want to thank the dozens of welfare to work stories, the actual examples of people who made the firm and solemn commitment to work hard to embetter themselves."—Washington, D.C., April 18, 2002 (Thanks to George Dupper.)

"And so, in my State of the—my State of the Union—or state—my speech to the nation, whatever you want to call it, speech to the nation—I asked Americans to give 4,000 years—4,000 hours over the next—the rest of your life—of service to America. That's what I asked—4,000 hours." —Bridgeport, Conn., April 9, 2002 …(there are many more)

]

51 Iraqi worshipers, 7 troops killed in church siege (Washington Post) [ Yes, and even more sounds of silence … which of course smells like napalm in the morning … you know … that victory thing. ] Suicide bomber in Iraq kills at least 26 people, many of them police (Washington Post) [ Ah, yes … those sounds of silence … the birthing of a new american-style democracy … like napalm in the morning … smells like victory … (lucky for them bush / bushies / neo-cons lied about those wmd’s) … and all for the sake of israel and the military industrial complex. ]

Election outcome may complicate Obama's foreign policy (Washington Post) [ Wow! That’s all this country needs … a more self-destructive zionist-leaning foreign policy which, as obvious to the rest of the world, ignores israel’s transgressions (ie., violations of international law, u.n. resolutions, nuclear non-proliferation treaty, etc.) while focusing on geopolitically detrimental or otherwise, non-events. I see an already zionist-leaning foreign policy with wobama and co. which begs the question … What foreign policy? James Forrestal made the point infra: ]

Obama cites Indonesia as model for Muslims (Washington Post)[ Drudgereport: Obama slams israel from Jakarta … [ Wow! Who woulda’ thunk it … Wobama growing gonads in Indonesia … He is quite correct, albeit in one of those sparingly infrequent moments … But, alas … he’ll be returning to ‘little israel’ soon (usa) and I’m sure his rhetoric will return to typical pro-israeli (anti-american interest) actions and words (b*** s***)! ]...
netanayahu takes Flight Back...
Confronts Anti-israel Reality/Truth Movement in USA...
China Ratings Agency Downgrades America... ] In city he once lived in as a boy, Obama heralds nation's "spirit of tolerance" that allows mosques, churches and temples to co-exist in a democracy.

Deaths of four Americans reflect increasing violence of Somali piracy (Washington Post) [ Drudgereport: U.S. Warship Tracking Yacht Hijacked by Somali Pirates... [ I realize there are ‘laws of the sea’ / codified bodies of law within that broad yet very specific category called ‘maritime law’, none of which I know nor care to know (I’ll content myself to knowing and seeing to the enforcement of american law as pertains to me; viz., RICO http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm . I do know that these somali pirates need killin’ and I further believe that open season on them including using their boats in the water for target practice makes sense and certainly is morally justified. I’m tired of hearing about those little weasels … you know, ‘the skinnies’. ]

Progress in Afghan war called 'uneven' ( Washington Post ) [ Uneven? Riiiiight! The real question consonant with reality: Is there EVEN progress at all … just a little bit … un petit peux … teeny weeny, itsy bitsy, one iota of progress … A resounding NO! … unless you’re counting the magnitude of america’s defacto bankruptcy, anti-american sentiment, etc.. ]

Visiting U.S. senators praise Afghan progress, say drawdown date is unrealistic (Washington Post) [ I’ll tell you what’s unrealistic: having compromised senators ( ie., non-war-heroe senile mccain, closet homosexual graham, incompetent zelig zionist lieberman, new york sinkhole slug Kirsten Gillibrand chided As 'Schumer's (zionist) Little Girl' ) stay the course with already failed pervasively corrupt, defacto bankrupt american policy … Paul Craig Roberts: Government Abandoned Vietnam POWs  Kurt Nimmo | John McCain worked overtime to make sure Vietnam POWs never came home. I think the even bigger story vis-à-vis mccain is:  http://www.albertpeia.com/heroenot.htm  ‘Did you know that that so-called "american heroe" john mccain was referred to by his fellow pows in Vietnam as something akin to the "songbird" inasmuch as he was constantly "singing" to his Viet-Cong captors to curry favor and better treatment? This has been documented with authority by Colonel David Hackworth. The same violates military code/protocol (other soldiers have been court-martialed for far less) click Here, Here.  [ http://www.albertpeia.com/hackworth.htm ]  But, you see, this covered up scenario, compromizing the false facade of far less than a heroe, is exactly what a criminal (lie of a) nation as america loves and encourages (get everyone's hands dirty so no-one dares to rectify same, ie., bush, sr., clinton, bush, jr.). That is, "toe the (corrupt, propagandized) line", become a criminal, or be exposed, prosecuted, and/or ruined; and, hasn't anyone asked how "wall street" has been "spared the spotlight" (and even was accorded protective legislation from their criminal culpability) and focus of inquiry, attention, and prosecution despite being the primary beneficiaries financial and otherwise of these scams (you know the wall street motto, "churn and earn"; huge conflicts of interest if not outright fraud)…’…Oh and they so can afford it Deficit panel proposes huge cuts (Washington Post) [ Cuts? I heard the corrupt, incompetent lawmakers were giving themselves a raise. They actually deserve at least a 10% paycut and abolition of those lifetime appointments / permanent corrupt bureaucracies. Nothing succeeds like failure and crime in pervasively corrupt, defacto bankrupt america! ] Lawmakers propose curbs on Social Security, cuts in spending and tax hikes if long-term goals aren't met.

In 1948, U.S. Secretary of Defense James Forrestal, an opponent of the creation of a Jewish state in Palestine, warned that, even though failure to go along with the Zionists might cost President Truman the states of New York, Pennsylvania, and California, it was about time that somebody should pay some consideration to whether we might not lose the United States. Mr. Forrestal was absolutely correct! Isn’t that exactly what’s happened to defacto bankrupt america in intractable decline. 

TIME TO REVOKE AND NULLIFY THE BALFOUR DECLARATION AND ABROGATE THE CREATION OF THE NATION STATE OF ISRAEL IN THE INTERESTS OF FAIRNESS, JUSTICE, PEACE AND PROSPECTIVE PROSPERITY FOR THIS WORLD!

Families remember USS Cole 10 years later (Washington Post) [ If only Americans remembered the uss liberty, they’d understand the israeli albatross strangling and bleeding the life out of america as they have since that fateful day.] In the Middle East, it's still 1947 (Washington Post) [ Indeed it should be! Among the few times the cia was correct, and they’ve been trying to put square pegs in round holes ever since, to america’s substantial detriment. I wonder what what those american sailors of the US Liberty killed by the israelis would say? USS Liberty Survivor Threatened by Unknown Israeli This is what happened to Phillip F. Tourney, decorated war hero and survivor of Israel’s premeditated attack on the USS Liberty 43 years ago. On the evening of Aug. 6, Tourney was verbally threatened by a foreign national claiming to work for the government of israel. As for the purported disdain shown for war mongerer netanayahu, if only wobama’s actions matched his words, the same would represent a major plus for him and the nation of america, so sorely in need of pluses whether the same be budgetary or economic or geopolitical. In fact, for America to abrogate 1948 would guarantee America’s survival, prosperity, and global hegemony in the most positive sense. ]

The Obama Deception Number 1 on U.S. Google Trends

Then there is the well researched, produced, and informative ‘ESOTERIC AGENDA’ which explains how we’ve gotten to this forlorn point: http://video.google.com/videoplay?docid=-7052400717834950257#

‘The Obama Deception’ Censored A viral You Tube upload of one of Alex Jones’ most popular feature films ‘The Obama Deception’ has been censored following a spur of the moment campaign to elevate the movie’s title to the top of the major internet search engines.

In light of this development, I provide an archived site version which appears to be complete (but will be compared with earlier version and replaced with same if incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv

Censorship Alert: Obama Deception Illegally Removed from You Tube Made to look like a hack, Thought Police Block Mega-Viral Anti-Establishment Documentary After More than a Year of Dominating Viewcounts, Ranking #1 in Search Engines and Waking Up Millions to the False Left-Right Paradigm Perpetuated by Obama.

Public confidence in Obama reaches new low (Washington Post). Six in 10 Americans lack faith in Obama and hold lower esteem for members of Congress, according to the latest Washington Post-ABC News poll. Such stats as this tend to typify scenarios as this where you break every significant campaign promise that got you elected, from endless war (ie., Afghanistan, etc.) to not prosecuting the frauds on wall street, and the growing realization of ‘typical’: Public confidence in Obama reaches new low (Washington Post) Six in 10 Americans lack faith in Obama and hold lower esteem for members of Congress, according to the latest Washington Post-ABC News poll. Such stats as this tend to typify scenarios as this where you break every significant campaign promise that got you elected, from endless war (ie., Afghanistan, etc.) to not prosecuting the frauds on wall street, and the growing realization of ‘typical’:

But still it’s ‘hands off fraudulent wall street’ to theirs, the nation’s, and the world’s detriment. Firms subpoenaed in attempt to regain Fannie, Freddie losses (Washington Post). But there’s a reason:

The following youtube video is well worth the look and explains how and why the frauds on wall street have gotten away with their devastating fraud thus far. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... ‘In emotional and personal testimony, an ex-Justice official who quit over the handling of a voter intimidation case against the New Black Panther Party accused his former employer of instructing attorneys in the civil rights division to ignore cases that involve black defendants and white victims ...’  US v. AZ... Cases against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has promised to hold Wall Street accountable for the meltdown. ):

‘THE OBAMA DECEPTION’ http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1 – well worth a look. [ The Obama Deception Number 1 on U.S. Google Trends ]

While boner and barton are indeed jokes / vegetables that bespeak the single-digit approval rate for congress, obama’s failure to deliver on promises with as well, endless war spending despite defacto bankruptcy of the nation and a watered down nothing financial regulation bill for talking points but little substance, make him as big a joker. This well researched / produced video tells the real story : http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1 ‘THE OBAMA DECEPTION’ – well worth the view. [ The Obama Deception Number 1 on U.S. Google Trends ]

‘The Obama Deception’ Censored A viral You Tube upload of one of Alex Jones’ most popular feature films ‘The Obama Deception’ has been censored following a spur of the moment campaign to elevate the movie’s title to the top of the major internet search engines. In light of this development, I provide an archived site version which appears to be complete (but will be compared with earlier version and replaced with same if incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv

Then there is the well researched, produced, and informative ‘ESOTERIC AGENDA’ which explains how we’ve gotten to this forlorn point: http://video.google.com/videoplay?docid=-7052400717834950257#

Ethics code urged for Supreme Court (Washington Post) [ Sounds like a plan! Come on! Wake up! After all, what can you expect from two guidos from ‘jersey (alito and scalia, colloquial – note that I have refrained from using what some might consider disparaging terms as w*p*, gui***s, or da***s … and let me state for the record that I truly loved and respected my grandmother who was 100% Italian/Bari,Italy and as well my grandfather/Lake Como,northern Italy with greek ancestral roots and thereby claim standing/right to posit the criticism in light of my direct experience. ). How ‘bout starting with enforcing laws as to judges, liars, etc., within the very corrupted american illegal system; and, particularly bribes which in one form or another are rampant . I don’t know about Thomas, but I do know about alito and ‘jersey … :

October 15, 2010 (*see infra)

Steven M. Martinez, Assistant Director In Charge
Federal Bureau of Investigation, USDOJ
11000 Wilshire Blvd., Suite 1700

Los Angeles, CA 90024

Dear Sir:

I enclose herewith 3 copies of the within DVD rom autorun disk (which will open in your computer’s browser) as per your office’s request as made this day (the disk and contents have been scanned by Avast, McAfee, and Norton which I’ve installed on my computer to prevent viral attacks / infection and are without threat). I also include 1 copy of the DVD as filed with the subject court as referenced therein (which files are also included on the aforesaid 3 disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the RICO Act is a criminal statute which provides a civil remedy, including treble damages and attorney fees, as an incentive for private prosecution of said claims probably owing to the fact that the USDOJ seems somewhat overwhelmed and in need of such assistance given the seriousness and prevalence of said violations of law which have a corrupting influence on the process, and which corruption is pervasive). A grievance complaint against Coan was also filed concurrently with the subject action and held in abeyance pending resolution of the action which was illegally dismissed without any supporting law and in contravention of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District Connecticut. The files below the horizontal rule are the referenced documents as filed. (Owing to the damage to the financial interests of both the U.S. and the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False Claims Act probably would apply and I would absent resolution seek to refer the within to a firm with expertise in that area of the law with which I am not familiar).

The document in 5 pages under penalty of perjury I was asked to forward to the FBI office in New Haven is probably the best and most concise summary of the case RICO Summary to FBI Under Penalty of Perjury at Their Request (5 pages) [ ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].

The correspondence I received from the Congresswoman by way of email attachment (apparent but typical problem with my mail) along with my response thereto is included on the 3 disks as fbicorrespondencereyes.htm . With regard to the calls to the FBI’s LA and New Haven, CT offices: There was one call to the LA office and I was referred to the Long Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of the money laundering which he confirmed as indicative of same (he was transferred from said office within approximately a month of said meeting and his location was not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron Barndollar and we remained in touch for in excess of a decade until he abruptly retired (our last conversation prior to his retirement related to the case and parenthetically, Rudy Giuliani whose father I stated had been an enforcer for the mob to which he registered disbelief and requested I prove it, which I did – he served 12 years in prison, aggravated assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew Maloney’s the one that prosecuted gotti).

In contradistinction to the statement in said correspondence, there is a plethora of information including evidence supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set forth in the case, inter alia,

1. A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..
2. Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.
3. The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages: [ Shiff Order of Dismissal With Prejudice on Coan’s Failure to File Page 1 Page 2 ]
4. Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ]
5. Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.
6. Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one mob case he had brought, bungled, lost (accidently on purpose?) since I was suing some mob-connected under RICO and the court (I had known / previously met outside of court the judge Ackerman through a client) was absolute bedlam and a total joke since incompetent corrupt Alito brought in all 20 mob defendants (rather than prosecute one or a few to flip them first) who feigning illness had beds/cots in the courtroom along with their moans during testimony and had the jury in stitches. As much as I hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3^rd 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. 5^th 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).

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*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. ]

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*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.

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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

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Sent Postage Prepaid: United States Mail - VIA Priority Mail, Delivery Confirmation and VIA Certified Mail this 5th day of October, 2010.

Signed: ___________________________________

Albert L. Peia

Judges rule without title, lenders can't foreclose (Washington Post) [ Rules of law? I didn’t think they cared. That’s certainly the direct experience I’ve had with the pervasively corrupt american legal / judicial system (along with the other two branches of the u.s. government and defact bankrupt america generally). Court decisions could call into doubt the ownership of mortgages, raising urgent challenges for both the real estate market, wider financial system. Connecticut, California join probe of Ally (Washington Post) [I’d be much more impressed if they initiated a probe of more readily discernible criminal offenses in violation of the RICO Act http://albertpeia.com Frauds/Liars (sic-lawyers)Covering Up for Other Frauds/Liars (sic-lawyers). In Productive Societies as China, Japan, etc., Fraudulent Liars (sic-lawyers) and the Fraudulent u.s. System They're a Part of Are Unheard Of/Non-existent. List of Files Regarding Filed Attorney Grievance Against Fraud coan et als Or Here For A Clearer View Of Filed Grievance Complaint, Response, Exhibits, and Related RICO Filings Note the Committee of Frauds/Liars (sic-lawyers). Included are DOJ Rep., State Court Rep., State Atty. General Office Rep., and even a Vegetable Garden yale law prof who probably never practiced law in his life. How Pathetic! http://albertpeia.com/fbiofficela91310 ] Justice: FBI improperly opened probes (Washington Post) [ I just hope they’re as zealous (in probing readily discernible crime) with regard to my RICO matters and the corruption in the (judicial / legal) process since, in the final analysis, it will have been the corruption within that will have brought the nation down irrevocably and totally.

Part 2: Woodward's 'Obama's Wars' Don't get 'locked into Vietnam,' Biden warns (Washington Post) [ Yeah, when you have a lobotomized VP you tend not to trust their opinion; but, I think they just cover their bases … you know, that Kerryish both sides of all issues thing. In any event, wobama bought this continued debacle and bears fault with the other zionist war mongers. Previously (on Iraq and Afghanistan, infra): Obama: 'It is time to turn the page' on Iraq war (Washington Post) [ Oh come on! How patronizing to have wobama spew his b*** s*** which b.s. has become synonomous with wobama; ‘to give Iraqis the chance to shape their future’… Iraq’s been destroyed, covered in cancer-causing depleted uranium, america’s defacto bankrupt, etc. If only teleprompters had a brain of their own. ] He says the U.S. "has paid a huge price" to give Iraqis the chance to shape their future -- a price that now includes more than 4,400 U.S. dead. ) On Thanksgiving weekend in 2009, Vice President Biden counsels President Obama about sending more troops to Afghanistan.

• Full coverage: 'Obama's Wars'

• Audio: Obama on length of the war

• Audio: Obama on attack possibility

• Audio: Obama on terrorism tactics

A subtler tack to fight Afghan corruption? (Washington Post) [ How about a not so subtler tack to fight corruption starting right here in the u.s. of a. where corruption and crime are pervasive and in fact, at the root of the Afghanistan problems, from american reinvigorated heroin trade to bribery attendant thereto to killing civilians, etc.. Defacto Bankrupt, Meaningfully Lawless, War Criminal Nation america, the leader of nations … in crime:

Though having but 5% of the world’s population, america can boast 76% of the world’s serial killers, followed by Europe with England/UK then Germany leading the way for the eu [excerpt, 6 minute video, Serial Killers: Real Life Hannibal Lechters http://www.albertpeia.com/realifeamericaserialkillers.mpg (as is consistent with crime generally, see infra)]. Defacto bankrupt, fraudulent america also spends more on offensive (defensive a misnomer / propaganda) military spending than all the nations of the world combined, and by a large margin at that. Do you see a pattern emerging here [ I unfortunately only belatedly did, and the feds, fed employees, cia, all 3 branches of the u.s. government, etc., are included in this evolved american trait of inherent criminality in the most nefarious sense ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm      )   ]:

CRIME STATISTICS > TOTAL CRIMES (MOST RECENT) BY COUNTRY SHOWING LATEST AVAILABLE DATA (america’s No. 1).

Rank	Countries	Amount
# 1	United States:	11,877,218
# 2	United Kingdom:	6,523,706
# 3	Germany:	6,507,394

… ]

Goldman agrees to pay $550M (Washington Post) My own skepticism based on the disparate numbers (the size of the frauds compared to the relatively small fine) and as set forth in the initial reactions / headlines that immediately follow has been allayed somewhat by an interview on NBR with former SEC head Ruder who explained the very narrow scope of the settlement which in no way shelters goldman from the huge frauds they have perpetrated. So long as this is true in fact as well as law and in application, the SEC deserves praise as has been so under the auspices of ‘Mother Mary’ who appears to have the gonads lacking in prior SEC heads. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed.

Iran connects U.S./israel to deadly blasts I believe Iran!

‘West, israel linked to SE Iran blasts’ A ranking official with the Islamic Revolution Guards Corps (IRGC) has implicated “the us, israel and some european countries” in the deadly blasts in the southeastern Iranian city of Zahedan.

De-classified Vietnam-era Transcripts Show Senators Knew Gulf Of Tonkin Was A Staged False Flag Event Over 1,100 pages of previously classified Vietnam-era transcripts released this week by the Senate Foreign Relations Committee highlight the fact that several Senators knew that the White House and the Pentagon had deceived the American people over the 1964 Gulf of Tonkin incident.

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

Vegetable zionist Zelig joe lieberman’s Model For America: Purging The Internet of Dissent When political Zelig joe lieberman attempted to justify draconian legislation that would provide President Obama with a figurative kill switch to shut down parts of the Internet, he cited the Chinese system of Internet policing as model which america should move towards

Stepped-up efforts fail to stem drug money (Washington Post) [ Come on! Wake up! That’s american, yes american big business. The stuff that the war in Afghanistan is made of; viz., ie., heroin, etc.. ]Stashing cash in spare tires, engine transmissions and truckloads of baby diapers, couriers for Mexican drug cartels are moving tens of billions of dollars in profits south across the border each year, a river of dirty money that has overwhelmed U.S. and Mexican customs agents.

Carlyle-owned toy supplier files for bankruptcy (Washington Post) [ What is a bush-involved company of paper (leveraged instruments, etc.) pushers doing with any company doing business in the u.s. or elsewhere for that matter. The bushes are vegetables who really can’t do anything well, except maybe, war, war crimes, fraud, illegal drug deals (Iran contra, etc., http://albertpeia.com/CIAAgentAffidavit1.jpg ) ]

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

Mideast Digest:  Iran's Ahmadinejad calls for regional solution to Afghan crisis (Washington Post) And appropriately so, as leader of a nation in the region as opposed to invading nations from outside the region (particularly as one targeted by assassins the likely assigns of those outside the region).

One of those … Daaaaah! Moments … Panetta says Afghan progress slower than expected Los Angeles Times -  Days after President Obama installed a new US military commander in Afghanistan, CIA Director Leon E. Panetta conceded Sunday that progress in the war has been "harder" and "slower than I think ...     Panetta says Afghan insurgents show no real interest in reconciliation talks Washington Post CIA Retains Controversial Security Firm in Afghanistan Wall Street Journal CIA: AFGHAN PROGRESS 'SLOWER' THAN ANTICIPATED… Daaaaah! ...

GOP chairman: Afghan 'war of Obama's choosing' (AP)  - Republican chairman Michael Steele drew criticism from within his own party Friday, including calls to resign, after saying the 9-year-old commitment of U.S. troops to Afghanistan was a mistaken ... [Steele is quite right and wobama and war facilitators deserve criticism; not Steele.]      

Judge: 'Don't ask, don't tell' is unconstitutional (Washington Post) [ Well, we all know that judge walker is alledgedly a homo, so the question here is whether judge phillips is a lesbian… just kidding! Not to slight homosexuals but to emphasize judicial bias / corruption which is pervasive in america and I’ve observed, experienced, and have been substantially damaged by pervasive and systemic corruption in the american judicial process which has become more blatant and which justifies the abolition of these costly, corrupt lifetime appointment / bureaucracies. The fact is that ‘don’t ask, don’t tell’ is the policy throughout the pervasively corrupt federal system which is indeed as illegal as it is unconstitutional! ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm  ). ]

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

I include the first two comments to the foregoing headline:

Billo Says:

June 11th, 2010 at 6:15 am

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

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

Glen Reply:

June 11th, 2010 at 6:47 am

Lunacy it would be.

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

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

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

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

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

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

In 1948, U.S. Secretary of Defense James Forrestal, an opponent of the creation of a Jewish state in Palestine, warned that, even though failure to go along with the Zionists might cost President Truman the states of New York, Pennsylvania, and California, it was about time that somebody should pay some consideration to whether we might not lose the United States. Mr. Forrestal was absolutely correct! Isn’t that exactly what’s happened to defacto bankrupt america in intractable decline. 

TIME TO REVOKE AND NULLIFY THE BALFOUR DECLARATION AND ABROGATE THE CREATION OF THE NATION STATE OF ISRAEL IN THE INTERESTS OF FAIRNESS, JUSTICE, PEACE AND PROSPECTIVE PROSPERITY FOR THIS WORLD!

OOOOH! ISRAEL NOW IN FAVOR OF NUKES IN THE MIDDLE EAST IN SUDDEN SHIFT IN POLICY TO FAVOR IRAN IN A VERY BIG WAY! ISRAEL SEES THE LIGHT AND SIDES WITH IRAN ON NUCLEAR ISSUE; ESSENTIALLY SAYS TO THE WORLD AND IRAN ‘TO PRESS ON WITH NUCLEAR AMBITIONS’.

Paul Craig Roberts: Government Abandoned Vietnam POWs  Kurt Nimmo | John McCain worked overtime to make sure Vietnam POWs never came home. I think the even bigger story vis-à-vis mccain is:  http://www.albertpeia.com/heroenot.htm  ‘Did you know that that so-called "american heroe" john mccain was referred to by his fellow pows in Vietnam as something akin to the "songbird" inasmuch as he was constantly "singing" to his Viet-Cong captors to curry favor and better treatment? This has been documented with authority by Colonel David Hackworth. The same violates military code/protocol (other soldiers have been court-martialed for far less) click Here, Here.  [ http://www.albertpeia.com/hackworth.htm ]  But, you see, this covered up scenario, compromizing the false facade of far less than a heroe, is exactly what a criminal (lie of a) nation as america loves and encourages (get everyone's hands dirty so no-one dares to rectify same, ie., bush, sr., clinton, bush, jr.). That is, "toe the (corrupt, propagandized) line", become a criminal, or be exposed, prosecuted, and/or ruined; and, hasn't anyone asked how "wall street" has been "spared the spotlight" (and even was accorded protective legislation from their criminal culpability) and focus of inquiry, attention, and prosecution despite being the primary beneficiaries financial and otherwise of these scams (you know the wall street motto, "churn and earn"; huge conflicts of interest if not outright fraud)…’

Coalition wants UK space lift-off [ Don’t make me laugh! ]

Israel’s Nukes Out of the Shadows  Israel faces unprecedented pressure to abandon its official policy of “ambiguity” on its possession of nuclear weapons as the international community meets at the United Nations in New York this week to consider banning such arsenals from the Middle East.

NASA wants mission to bring Martian rocks to Earth (AP) Why? They already have that and more:

Launch of secret US space ship masks even more secret launch of new weapon

The Militarization of Outer Space: The Pentagon’s “Space Warriors” Global Research | It’s not as if things aren’t bad enough right here on planet earth. Now the Defense Department wants to up the stakes with new, destabilizing weapons systems that will transform low- and high-earth orbit into another “battlespace.”     

buzz aldrin wants to colonize Mars … Riiiiight buzzed! Better check with DePalma to see if he already has the footage in the can since you won’t be able to use the moon footage for the new boondoggle video ...

OBAMA SPEECH OUTLINES PLANS FOR RETURNING DEFACTO BANKRUPT U.S. TO SPACE – OOOOOH! SOUNDS LIKE A PLAN … FOR INNER SPACE (IMAGINATION).

NASA's New Asteroid Mission Could Save the Planet Space.com - Tariq Malik - CAPE CANAVERAL, Fla. - President Barack Obama set a lofty next goal this week for Americans in space: Visiting an asteroid by 2025. Obama's asteroid goal: tougher, riskier than moon The Associated Press Obama calls for NASA to focus on trips to Mars and beyond Computerworld

New Boondoggle promised to save NASA boondoggle defacto bankrupt budget piece of pie. And don’t forget, Bruce Willis and Ben Affleck, et als, have already done this so it’s not as if they’re starting from ‘ground zero’, so to speak; and Brian DePalma already has ‘Mission to Mars’ in the can, but beware say the producers of ‘Species II’ since Eve, the cloned daughter of Sill, might want to mate with astronaut Paddy Ross who has returned from Mars as a space alien host body.

First fake moonwalker blasts Obama's space plan msnbc.com - Bill Ingalls - The first man to pretend to walk on the moon blasted President Barack Obama's decision to cancel NASA's back-to-the-moon program on Tuesday, saying that not going with the new movie is “devastating” to america's boondoggle spaced out effort. Fake dutch 'moon rock' revealed a treasured piece at the dutch national museum - a supposed moon rock from the first manned lunar landing - is nothing more than petrified wood, ...bbc news bbc news | europe | fake dutch 'moon rock' revealed prized moon rock a fake - a piece of moon rock given to an overseas politician by the united states is actually a lump of petrified wood, museum authorities revealed yesterday. ... 'Moon rock' in dutch museum is just petrified wood aug 27, 2009 ... Fake moon rock at dutch national museum. Rijksmuseum / ap. This rock, supposedly brought back from the moon by american astronauts, ...    http://www.albertpeia.com/moonfraud.htm

In reality it is just a piece of petrified wood ... Another piece of evidence that shows again that apollo program is indeed a fake and a typical american fraud!

http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv

Editorial: US in quagmire Seeing the warm welcome extended to the Afghan president on his US trip, it is hard to believe that only weeks ago Washington was seething with anger and frustration at Hamid Karzai’s behavior and there were even dark mutterings by US officials that he might be mad.

War in Afghanistan and Iraq costs America $1trillion From the Old | On May 30th at 10:06 the United States reached the point where they have spent $1trillion on the wars in Afghanistan and Iraq.        Sinking of the Cheonan: A Classic False Flag Operation Russia Today | Sinking of the warship was really intended to convince Japan not to move US forces off Okinawa as well as divert the attention of Americans from the dire economic situation at home.     .      Israel: IDF Troops Who Murdered Unarmed Innocent People Are ‘Brave Heroes’  The government of israel, aided by many quarters of the international media, is attempting to spin today’s deadly IDF assault on a humanitarian aid ship carrying supplies to Gaza as the fault of the murdered activists on board the vessel, ludicrously characterizing machine-gun carrying Israeli troops who killed over a dozen innocent people as the victims of the incident.

Murder on the high seas JERUSALEM: Israeli marines stormed aid ships bound for Gaza on Monday and at least 10 rights activists were killed, triggering a diplomatic crisis and an emergency session of the UN Security Council. European nations, as well as the United Nations and Turkey, voiced shock and outrage at the bloody end to the international campaigners' bid to break Israel's blockade of the Gaza Strip

Israeli American Microbiologist Linked to Deadly Fungus Kurt Nimmo | A report links labs in the United States and Israel to the Cryptococcus gatti fungus that has killed several people in the United States.

Iraqi doctors demand cancer probe Al Jazeera | Iraqi doctors believe depleted uranium from US military equipment used in the 2003 invasion is spreading cancer through the population. [This is all too true and real; and I’m surprised this hasn’t gotten more attention, coverage … well, maybe not that surprised ].

Anthropologists adopt a more favorable view of Neanderthals (Washington Post) [ Well, I’m a bit surprised and somewhat disappointed that with a little more effort, rather than rely upon inference, they could have taken a trip to the new york / new jersey / connecticut metropolitan area (etc.) and observed directly these lower italian modern-day archaic humans! Then there are the other modern day archaics / ape-like creatures that warrant greater scrutiny. ]

"What this means is that Neanderthals are not totally extinct. In some of us, they live on," Paabo … With regard to that extinction thing, I’d say they’re still working on it (ultimately, decades, extinction, the distinction, without a difference).  Actually, prior to studying the compelling subject of Biological Anthropology (Michael Park text), I too had some misconceptions about the group known as Neandertals (recent spelling drops the ‘h’) and actually mis-referenced same by the stereotypical image of members of said clade even as the debate continues as to whether they are within the species homo sapiens or a separate species. I believe these to be distinctions without important differences, so humble the origins and evolution of man truly are. Parenthetically, I wonder what that anthropological scientist Heidi Klum thinks on the subject.

Neanderthals, Humans Interbred, DNA Proves

Signs of Neanderthals Mating With Humans - Neanderthals mated with some modern humans after all and left their imprint in the human genome.  Genome hints humans, Neanderthals rolled in prehistoric hay You're a Neanderthal: Genes say yes — a little bit (AP) Neanderthals and people interbred, fossil analysis finds  For more info on man’s humble beginnings, see here     http://www.albertpeia.com/anthroindex1.htm     [ I’m adding this here, having seen while flipping channels an anthropologist talking up somewhat speciously the brain size of Neanderthals. The important but missed point here was potential ‘brain-power’ unrealized. Think of it this way: In the life-threateningly cold climes they inhabited, pre-occupation with warmth, fire, wood for fire, food, mere survival usurped all their waking moments. Have you ever tried to study, learn, think clearly (and new thoughts / neurogenesis thereby) under such harsh and perilous conditions; successfully? Neither could they. ]

Previously I wrote:

FOUND: MISSING LINK BETWEEN APES AND MAN.... These stories, and the many like it, are old news and I subscribe to the more studied view that there is no “missing link” per se and in my view they are distinctions without significant differences. I previously wrote:

To Learn More About From Whence Man Came, This Link's For You

  [To the Professor at the beginning of the course]    

   10-5-09 Postscript: Professor *****,
I felt compelled to thank you again for the add; not to curry your favor but indeed to express profound thanks inasmuch as this is probably the last formal course at a formal educational institution I'll ever take; and among the most important. While I had bought at discount a library-discarded 1993 Anthropology by Embers text, though meaning to read same never quite got to it. I am astounded by the substantial amount of time involved in the evolutionary process, not that I ever stopped to think about it, and one must come away with the sense of 'and all that...for this?'. This course should be required curriculum along with psychology, sociology, etc., but probably won't be owing to what is, as it should be, a very humbling educational experience for any member of the human race.
             Regards,
                                  Al Peia

[Interestingly, my intuitive (but unstudied) thoughts prior to closer examination of the compelling subject of Biological Anthropology remain what I believe to be the correct scenario. Specifically, very simply stated, for the most part, the more “enlightened” (but not by much; by mutation, accident, luck, intervention, etc.) left the unvarying confines of their Sub-Saharan origins, experienced diverse new environs, challenges, etc., experienced what has been described (by neuroscientists, psychologists, etc.) as neurogenesis in varying degrees and forms thereby over time, which trait was selected for and is consistent with the purported multi-regional evolutionary model which does not overtly contradict ultimately, initial African origins. Races, sub-species, missing links, etc., are subsumed in this very humbling and sorrowful tale of the “dawn of man”.]

[Abolish the corrupt, costly, economically wasteful lifetime extravagantly appointed federal courts - see RICO case [  http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm      ]    

Don’t Tread On Me: A Refresher Course on the Constitution

Roman Polanski freed after Swiss reject U.S. extradition request (Washington Post, July 13, 2010) Without diminishing in any way the seriousness of the crime, this result is the direct consequence of the growing global recognition of the pervasiveness of corruption in american courts, state and federal, and america generally; so much so, that said corrupt american courts cannot be relied on anywhere, anytime. Indeed, my own sampling, though hardly random to be candid, is 5 for 5 (new jersey, new york, connecticut, virginia, california) pervasively and egregiously corrupt to the point where these costly, corrupt bureaucracies should be abolished and supplanted with alternatives as I’ve previously set forth in prior comments. / Though Assange’s arrest was on far more tenuous grounds owing to a CIA-linked girl, Roman Polanski was similarly targeted:BBC News - Roman Polanski triumphs at European Film Awards Dec 5, 2010 ... Roman Polanski's thriller The Ghost Writer wins six prizes at the European ... Polanski was working on the film at the time of his arrest in ... www.bbc.co.uk/news/entertainment-arts-11921048 {I strongly recommend this, of course, masterfully done film which deals with exactly that topic and the sordid, unscrupulous machinations of the cia / u.s. (no wonder the u.s. opted out of coverage by world treaty / The Hague thereby) to avoid detection of, and to further such activities as the war crimes referenced.}

BUDGET CRISIS PUTS LOS ANGELES COURT SYSTEM AT RISK ...  [Judge sends Lohan to jail for probation violation (AP) – They got her! That globe-trotting danger / threat to society, the infamous public enemy Lindsey Lohan. Guess she couldn’t cough up that direct or indirect bribe. How pathetic these corrupt, kangaroo courts are! If only she was a drug dealer, armed robber, etc., she would have had the pre-paid connections to avoid this preposterous (known substantial criminals walk about freely, without fear) outcome. This, even as they are releasing substantial felons owing to budgetary considerations. ]  ABOLISH THE CORRUPT, ECONOMICALLY WASTEFUL SO-CALLED SYSTEM, FROM MY DIRECT OBSERVATION AND EXPERIENCE .     (PREVIOUSLY ARCHIVED) HOWEVER, THIS LATEST "CALIFORNIA/LA DISTRACTION" REQUIRES ELUCIDATION AS FOLLOWS:

· Response to App. Div. OSC

· STATE OF CALIFORNIA ethics complaint

· Response to Sup.Ct. OSC

· designation of record on appeal

· The so-called "order" appealed from.
How embarrassing for the superior court of the state of california!

· Typical corrupt banana republic america/california court

Dirty money digitally laundered … a wall street, atlantic city, and american story … a very bad one and  [also see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm      ]     Fraud: It’s Much Bigger Than Goldman Sachs Regulatory reform debate obscures key fact: Everybody’s getting money bribes from Wall Street

Blagojevich calls feds 'cowards and liars'…[Yes. This is a rare moment for one to say that a sleazy hypocrite like blago, who is on corrupt federale-connected mobster trump’s celebrity apprentice, happens to be correct based upon facts / reality and my own direct observation and experience and the law – Don’t forget to include corrupt federal judges as maryanne trump barry, sam alito, shiff, matz, hall, underhill, dorsey, etc.. Defacto bankrupt america’s so-called system is pervasively corrupt and broken] (AP) [Abolish the corrupt, costly, economically wasteful lifetime extravagantly appointed federal courts - see RICO case [  http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm      ]    

Go to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume.htm

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

http://www.scribd.com/alpeia

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