watch?v=PTUY16CkS-k

http://thepoliticalcoffeehouse.com/2011/12/01/us-military-opium-afghanistan/

Much Of Afghan Drug Money Going To ‘Our Friends’

Steady Stream of Drug Money Departs Afghanistan, U.S. Officials Flummoxed

Afghan CIA Drug Kingpin Shot Dead by Own Bodyguard

Occupiers involved in drug trade: Afghan minister

B.C. RCMP seize 60,000 poppy plants in record haul

NATO rejects Russian call for Afghan poppy spraying

War on drugs is a hoax: US admits to guarding, assisting lucrative Afghan opium trade

UN: Afghan opium production up by 61% under NATO’s watch

DOJ: Drug Cartel’s Influence Extends Well Beyond Border Well Into the U.S.

2012 Update: What Part III of the financial crisis will look like

http://www.stansberryresearch.com/pro/1108PSINEWVD/PPSIN138/PR

http://www.stansberryresearch.com

http://www.stansberryresearch.com/pro/1108PSINEWVD/PPSIN111/PR

http://www.albertpeia.com/stansberrysinvestmentadvisory.flv

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

CIA expected to stay in Iraq, Afghanistan for the long haul Long after departure of U.S. troops, CIA is expected to maintain a large clandestine presence, officials said (Washington Post) [ No surprise there! Long hauls indeed, of heroin that is; Iraq’s just cover for their Afghanistan drug ops (given their current heroin trade it might look suspicious in justifying Afghanistan and not the illegal war site of looted Iraq). ! Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ http://albertpeia/americangovernmentdrugtrafficking.htm http://albertpeia/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”

Legislators aid groups tied to family EXCLUSIVE | Some members of Congress guide millions in tax dollars to companies and institutions where their relatives work, according to an examination of federal disclosure forms and local public records (Washington Post) [ Yeah! I guess the congressional / federal over-payment pay scale’s just ain’t enough. Here’s just wages http://albertpeia.com/govemployeeretirement.jpg , then benefits, then k street money for nothing if so chosen, then the speech circuit money for nothing, schmoozing, boozing, etc.. No wonder the nation’s pervasively corrupt and defacto bankrupt. After all, across the board, what federal employment is worth the money; particularly when you look at the corrupt and the results of same. Everybody knows it! Globally as well as domestically! http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm The avarice, venality, and complicitly corrupt nature of all federal employees knows no bounds whatsoever http://albertpeia.com/fbimartinezcongallard.htm; yet, even a modicum of competence has not been forthcoming from their lot. (34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://theeconomiccollapseblog.com http://albertpeia/34shockingfactsaboutusdebt.htm ‘We have all been lied to. For decades, the leaders of both major political parties have promised us that they can fix our current system and that they can get our national debt under control. As the 2012 election approaches, they are making all kinds of wild promises once again. Well you know what? It is all a giant sham. The United States has gotten into so much debt that there will be no coming back from this. The current system is irretrievably broken… Professor Laurence J. Kotlikoff, the U.S. is facing a "fiscal gap" of over 200 trillion dollars in the future. The following is a brief excerpt from a recent article that he did for CNN...The government's total indebtedness -- its fiscal gap -- now stands at $211 trillion.. The fiscal gap is the difference, measured in present value, between all projected future spending obligations -- including our huge defense expenditures and massive entitlement programs, as well as making interest and principal payments on the official debt -- and all projected future taxes…#33 If you add up all forms of debt in the United States (government, business and consumer), it comes to more than 56 trillion dollars. That is more than $683,000 per family…). america’s totally broke! Really! No joke! Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ http://albertpeia/americangovernmentdrugtrafficking.htm http://albertpeia/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”

Congressional earmarks sometimes used to fund projects near lawmakers' properties EXCLUSIVE | Thirty-three members of Congress have steered more than $300 million in earmarks and other spending provisions to dozens of public projects that are next to or within about two miles of the lawmakers’ own property, according to a Washington Post investigation. Earmarks alive and well, probe finds A study of defense bill identifies 115 proposals as earmarks, including 20 by GOP freshmen who campaigned against the pet projects.

(Washington Post) [ Such things do wonders for property values; even the most ill-chosen properties. Lesson: ‘If you don’t know a damn thing about much of anything, ie., finance, real estate, business, etc., run for and be part of congress to make being stupid not matter’. I think a more telling example of self-dealing are those steady raises and increased benefits packages that congress continued to vote for themselves despite what we all now know to be jobs so poorly done that the nation is now hopelessly and insumountably broke in every way that could possibky be imagined. House panel weighs insider-trading bill House committee members debated whether they should pass an insider-trading measure targeted at themselves. (Washington Post) [ Yeah … that’s a tough call … Bachmann received federally backed loanWeeks before Michele Bachmann called for dismantling federally subsidized loan programs, she and her husband signed for a $417,000 mortgage. (Washington Post) [ In my MBA thesis (MBA Finance, 1977, NYU GBA), among my conclusions was that ‘timing was everything in stock market investing’. Yes, indeed, you must time the market to be successful, though such position was squarely opposed to a panoply of ‘mechanized mindless approaches’ (ultimately that latter being a rationale to separate you from your money, regardless. In fact, today more than ever, buy and hold’s a sure loser even without the crashes when measured against a ‘real price deflator’ that takes into account the real rate of inflation. Well, in her defense she could always argue that the legislated ban on congressional insider trading hadn’t been passed yet … just kidding! Actually, we all know that just applied to stocks anywho. And, until the congress says those things that are illegal for everyone else are illegal for congress, such illegal activity is not really illegal; for them only, that is. No one’s above the law? Not so in pervasively corrupt, defacto bankrupt america where a clearly illegal act is not illegal for them unless they themselves say it’s to be prospectively considered illegal for them. Ethics? Silly boys and girls, as in , ‘don’t be silly!’. Congressional earmarks sometimes used to fund projects near lawmakers' properties EXCLUSIVE | Thirty-three members of Congress have steered more than $300 million in earmarks and other spending provisions to dozens of public projects that are next to or within about two miles of the lawmakers’ own property, according to a Washington Post investigation. Earmarks alive and well, probe finds A study of defense bill identifies 115 proposals as earmarks, including 20 by GOP freshmen who campaigned against the pet projects.

Guest Post: Counterfeit Money, Counterfeit Policy Tyler Durden on 01/31/2012 Counterfeiting is illegal because it is the false creation of value. The counterfeiter takes low-value paper and turns it into high-value money, which is fundamentally a claim on the real productive value of the economy that issues the currency and recognizes it as a proxy means of exchanging that productive value. Counterfeiting is illegal because the counterfeiter creates no additional value--he creates only the proxy for value. Creating real value--adding meaningful goods or services to the economy--is tedious, hard work. How much easier to simply transform near-worthless paper into a claim on actual goods and services. If this is illegal, then would somebody please arrest the Board of the Federal Reserve for counterfeiting? The Fed has blatantly printed money without creating any real value to back up their added claims on productive value. Hence they are counterfeiting, pure and simple. A government based on rule of law would arrest these fraudsters and cons at the earliest possible convenience.

The Markets Since Their 2000 Highs: We're Not Bouncing Back http://www.bullfax.com/?q=node-markets-their-2000-highs-were-not-bouncing-back ... [ Actually the picture is even worse if the real inflation rate used. Wall street is total fraud and bs! Keep in mind, in addition to loss of principal, the flux / worry takes its toll on health as well as productivity. ] 02/02/2012 By Doug Short: ‘The January Effect in 2012 was quite strong, and the U.S. markets have continued the rally that began last October. But let's take a step back and review the performance of the major US indexes in the 21st century through the end of January 2012. Here is an update in response to a standing request from David England, a professor who has developed a popular college level stock market classes at John A. Logan College in Carterville, Illinois. David is also the founder of thetraderseye.com. In his upcoming presentations, he wants to disprove the standard message of Wall Street, "Don't worry! The market will always come back." I furnished David with some charts, and I shared them with regular visitors to my Advisor Perspectives pages. Specifically, David had asked for real (inflation-adjusted) charts of the S&P 500, Dow 30, and Nasdaq Composite. So I created two overlays — one with Complete Story » [ The following are important charts from Doug Short:

http://albertpeia.com/3real1.png

http://albertpeia.com/3real2.png

http://albertpeia.com/3real3.png

http://albertpeia.com/3real4.png

I Can’t Take It Anymore! When Will The Government Quit Putting Out Fraudulent Employment Statistics? http://theeconomiccollapseblog.com http://albertpeia.com/governmentfraudulentemploymentstats.htm

The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm

The Post’s View The Senate didn’t do enough to stop insider trading Editorial Board There’s still too much ambiguity on rules covering lawmakers. (Washington Post) [ So much for nobody being above the law! I quite agree that absolutely no ambiguity; indeed, no ‘wiggle room’ whatsoever should be countenanced in this ‘legislation’. Actually, an outright ban would be a more ‘cut and dry’ approach and desirable. Objections? Don’t run for office if you don’t like the rule. After all, Washington politics has strayed a long way from being a ‘public service sacrifice’ to rather an extravagantly accoutered, very costly to the public, but lucrative end in itself; and worse, regardless of results (the fiefdoms seem to be self-perpetuating). Yet, it still comes down to the meaningfulness of the laws, particularly relative to arbitrary enforcement; and, for those who believe the ‘courts’ will apply those laws as written and intended, I’m constrained to say from direct experience: ‘You don’t get out much!’ `http://albertpeia.com/fbimartinezcongallard.htm` http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm http://albertpeia/americangovernmentdrugtrafficking.htm http://albertpeia/americascorruptiondrugtrade.htm

Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”

One way the CIA keeps their drug trafficking hidden from public view

Webb retaliated by having his book Dark Alliance published and making the NY Times best seller list, forcing some of his critics to privately eat crow after the fact.

Government and big business using drug traffic profits is nothing new

A few key players created family fortunes from the China opium trade that exist today within some northeast America’s “old money” families.

Now it is illegal as well. Ironically, this allows the biggest illicit drug providers to financially benefit the CIA and international banking.’

Sources for this article include:

http://whatreallyhappened.com/RANCHO/POLITICS/MOCK/mockingbird.php

http://thepoliticalcoffeehouse.com/2011/12/01/us-military-opium-afghanistan/

Much Of Afghan Drug Money Going To ‘Our Friends’

Steady Stream of Drug Money Departs Afghanistan, U.S. Officials Flummoxed

Afghan CIA Drug Kingpin Shot Dead by Own Bodyguard

Occupiers involved in drug trade: Afghan minister

B.C. RCMP seize 60,000 poppy plants in record haul

NATO rejects Russian call for Afghan poppy spraying

War on drugs is a hoax: US admits to guarding, assisting lucrative Afghan opium trade

UN: Afghan opium production up by 61% under NATO’s watch

DOJ: Drug Cartel’s Influence Extends Well Beyond Border Well Into the U.S.

AP source: Donald Trump intends to endorse Newt Gingrich's presidential bid Donald Trump intends to endorse Gingrich’s GOP presidential bid, according to a source close to... (Washington Post) [ Yes, the unreality reality mobster and new york don (trump) and ‘the newt man’ hear some etherial sounds from beyond from ‘the lizard man’ aka the great Jimmy Morrison of The Doors fame in an instructive refrain:

Touch the newt man don
Be thou not afraid
Though his champagne’s now lemonade
Don’t forget the promise that you made
Though it looks like now you have been played
A deck of jokers now betrayed

To the full moon base as been said
Insanity’s what both you pled
As others’ life blood you have bled
Time for lun_a_tics_ like _you for the harnessed bed…

TOUCH ME by THE DOORS

                                                    (Album "The Soft Parade")

{ I played this song along the album according to some other versions I was

able to find and it didn't sound well. So, I tried to write my own version

of this song - here is the result. http://www.rockmagic.net/guitar-tabs/the_doors/touch_me.crd }

INTRO:

               4 times: Am Am Am G Am Am G Am Bm

               2 times: Am7 Am7 Am7 G7 Am7 Am7 G7 Am7 Bm7

               1 times: Am7 -stop-

VERSE:

               Come on, come on, c'mon, c'mon now

               Touch me babe,

               Bm                 C                   Cm

               Can't you see that I am not afraid.

                             A#                        Dm

               What was that promise that you made?

                             D#                        F#

               Why won't you tell me what she said?

C#

               What was that promise that she made?

CHORUS:

                   F#        Fm

               Now I'm gonna love you

                        F#     G#        C#

               till the heaven stops the rain.

               F#        Fm

               I'm gonna love  you

                        F#    G#            F#

               till the stars fall from the sky

C#

               for you and I.

In South, Gingrich vows to rise again The most topsy-turvy among up-then-down-again candidates says he could revive once more. (Washington Post) [ Rise again indeed! Like a phoenix from the ashes! You just can’t keep a good sleaze / con down (look at wobama). Not to worry newty; you got the endorsement of that new york don (trump), which also means you can be his celebrity apprentice. And, from beyond in South LA (‘LA Woman’ – The Doors) we hear the sweet sound of ‘the lizard man’, Jimmy’s spirit joining the thongs, I mean the throngs in unison, feverishly calling out in support of ‘the newt man’:

“ Mr. Mojo Risin', Mr. Mojo Risin'
Mr. Mojo Risin', Mr. Mojo Risin'
Got to keep on risin'
Mr. Mojo Risin', Mr. Mojo Risin'
Mojo Risin', gotta Mojo Risin'
Mr. Mojo Risin', gotta keep on risin'
Risin', risin'
Gone risin', risin'
I'm gone risin', risin'
I gotta risin', risin'
Well, risin', risin'
I gotta, wooo, yeah, risin'
Woah, ohh yeah “

Yes newt man … sounds like a plan!

Doors L.A. Woman Lyrics

Well, I just got into town about an hour ago
Took a look around, see which way the wind blow
Where the little girls in their Hollywood bungalows

Are you a lucky little lady in The City of Light
Or just another lost angel...City of Night
City of Night, City of Night, City of Night, woo, c'mon

L.A. Woman, L.A. Woman
L.A. Woman Sunday afternoon
L.A. Woman Sunday afternoon
L.A. Woman Sunday afternoon
Drive thru your suburbs
Into your blues, into your blues, yeah
Into your blue-blue Blues
Into your blues, ohh, yeah

I see your hair is burnin'Hills are filled with fire
If they say I never loved you
You know they are a liar
Drivin' down your freeways
Midnite alleys roamCops in cars, the topless bars
Never saw a woman...
So alone, so alone
So alone, so alone
[ Lyrics from: http://www.lyricsfreak.com/d/doors/la+woman_20506553.html ]
Motel Money Murder Madness
Let's change the mood from glad to sadness

Mr. Mojo Risin', Mr. Mojo Risin'
Mr. Mojo Risin', Mr. Mojo Risin'
Got to keep on risin'
Mr. Mojo Risin', Mr. Mojo Risin'
Mojo Risin', gotta Mojo Risin'
Mr. Mojo Risin', gotta keep on risin'
Risin', risin'
Gone risin', risin'
I'm gone risin', risin'
I gotta risin', risin'
Well, risin', risin'
I gotta, wooo, yeah, risin'
Woah, ohh yeah

Well, I just got into town about an hour ago
Took a look around, see which way the wind blow
Where the little girls in their Hollywood bungalows

Are you a lucky little lady in The City of Light
Or just another lost angel...City of Night
City of Night, City of Night, City of Night, woah, c'mon

L.A. Woman, L.A. Woman
L.A. Woman, your my woman
Little L.A. Woman, Little L.A. Woman
L.A. L.A. Woman Woman
L.A. Woman c'mon

The end for Gingrich? He’s going down in his own style. (Washington Post) [ Wow! Say it isn’t so; that is, ‘Jimbo’, as in the ghost of the great Jim Morrison of ‘Doors’ fame who as ‘the lizard man’ reminds ‘the newt man’ that, “There are things known and there are things unknown, and in between are the doors (of perception.” Aldous Huxley); and, then he breaks out in the famed refrain,

This is the end

Slimy Newt Man

The end you dumb rear end

Your door you whore,

The full moon’s allure

Colony no more!

Doors The End Lyrics Sung by Jim Morrisson (first verse and then full song – with guitar chords)
Songwriters: JACKSON, TONY / ROBERTS, BEN / D'ARCY, AARON

This is the end
Beautiful friend
This is the end
My only friend, the end…’

THE END

D                     C                D

This is the end, beautiful friend.

                          C              D

This is the end, my only friend, the end

      C       G              D

of our elaborate plans, the end

      C                          D

of everything that stands, the end,

       C      G       D

no safety or surprise, the end.

    C                               D

I'll never look into your eyes again.

               C                         D

Can you picture what will be,

     G7                 D

so limitless and free,

  C                   D                    G                    D

desp'rately in need of some stranger's hand,

       C                   D

in a    desp'rate land.

Lost in a roman wilderness of pain,

and all the children are insane... x 2

waiting for the summer rain.

There's danger on the edge of town,

Ride the king's highway.

Weird scenes inside the goldmine;

ride the king's highway west, baby.

Ride the snake... x 2

to the lake,

the ancient lake, baby.

The snake is long,

seven miles;

ride the snake,

he's old and his skin is cold.

The West is the best... x 2

Get here and we'll do the rest.

The blue bus is calling us... x 2

Driver, where you taking us?.. x 2

(spoken)

The Killer awoke before dawn,

he put his boots on,

he took a face from the ancient gallery,

and he walked on down the hall.

He went to the room where his sister lived,

and then he paid a visit to his brother,

and then he walked on down the hall.

And he came to a door,

and he looked inside,

"Father?"

"Yes, son?"

"I want to kill you.

Mother I want to....."

Come on, baby, take a chance with us,

and meet me at the back of the blue bus... x 3

Come on, yeah.

With Mitt and Newt, pragmatic vs. epic The policy differences between Romney and Gingrich reflect their contrasting personalities (Washington Post) [ Let’s not get too dramatic here! Epic? I don’t think so; at least as long as you’re counting full moon lunacy.

Gingrich: Today’s college students are coddled (Washington Post) [ Oh riiiiight, Ché Newty the Revolutionary! They’ve got no jobs and an insurmountably bankrupt nation to look forward to thanks in large part to you, your ilk, your peers, wobama et als; and, notably, through no fault of their own. Besides, says newty, ‘kids, they comb their hair in that funny way’. Riiiiight, snooty newty, there’s those ‘janitorial jobs’ for which there are even waiting lists of applicants for even those jobs according to reports. Say anything, Ché Newty the Revolutionary! As per wobama, words are cheap; but as we all now know, ultimately very costly when they’re more rhetoric / b***s*** than truth / reality! Gingrich turns to advisers who believe supply-side economics is the answer Advisers believe solution to nation’s deficit is to spur growth through tax cuts and deregulation. (Washington Post) [ Oh riiiiight! Worked like a charm in creating the last few fraud-induced debacles in this ongoing crisis, and the trickle never quite seems to trickle down that far. Yet, it appears the slimy newt’s found a kindred spirit in that malleable italian, peter ferrara ( ‘Peter Ferrara describes himself as Gingrich’s chief economic policy adviser and has won praise from Gingrich on the campaign trail. A lawyer and libertarian scholar who had long advocated privatizing Social Security — and once acknowledged taking payments from Jack Abramoff to write favorable op-ed pieces about the lobbyist’s clients — Ferrara said he talks to Gingrich almost daily…’), and the frauds on wall street will just love his social security privatization / new blood for the infamous blood-sucking squid (goldman sachs), to keep the ponzi padded with fresh dough once again on the backs of taxpayers (kind of a ‘k street’ kind of drain). Focused regulation of areas of the economy prone to fraud, ie., wall street, and deregulation as to others, ie., small businesses, is a more optimal course.( Bribes, Chinese mob ties alleged at Casino of Gingrich money man Sheldon Adelson Denies Wrongdoing as FBI, SEC Probe Alleged Corrupt Practices …).

Sargent: Romney camp — Newt ‘erratic, reckless’ (Washington Post) [ Yeah, that slimy newt; erratic, reckless … (n)e(u)rotic, feckless. I’m still on the edge of my chair as to what sweet Nancy’s got on the slimy newt though her lips are sealed even as the daredevil newty says, bring it on, let’s hear what she’s got, which of course newty would already know yet might not register with him given his unconflicted, sociopathic, ‘revolutionary’ nature. Let’s hear it, Nancy! Pelosi: Gingrich Will Not Get The Nomination, There Is Something I Know CNN | “There is something I know. The Republicans, if they choose to nominate him that’s their prerogative. I don’t even think that’s going to happen.” , Drudgereport: PELOSI THREAT: NEWT WON'T BE PRESIDENT 'THERE IS SOMETHING I KNOW' { And, what is that Nancy, pray tell…that newty has a coutee (vagina) and Calista is a lesbian? Or, that the newter has a couter and Calista is a man? Please do tell! }

The Post’s View Grand rhetoric, smaller ideas Editorial Board The State of the Union served less as a policy blueprint than a case for reelection. (Washington Post) [ And a weak case (for reelection) it is! http://albertpeia.com/40piecesevidenceusdecline.htm , http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm , http://albertpeia.com/50economicnumbersofuscollapse.htm .

Scientists fear end of trips to Mars They’re worried and angry as the White House won’t commit to the plan to explore the red planet. (Washington Post) [ Been there, done that courtesy of Brian DePalma. Why waste money the nation doesn’t have by going back? After all, the nation is defacto bankrupt. 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 ... ‘Mission to Mars’ … Previous:OBAMA SPEECH OUTLINES PLANS FOR RETURNING DEFACTO BANKRUPT U.S. TO SPACE – OOOOOH! SOUNDS LIKE A PLAN … FOR INNER SPACE (IMAGINATION).

Astronauts' tracks, trash seen in new moon photos [ The easiest thing in the world to contrive (don’t forget they can with some precision today send robotics to ie., mars, etc.) and doctor so don’t be taken in by their fraudulent b***s***! They’re probably desperately looking for some money / budgetary consideration for their continued boondoggles. No man has ever set foot on the moon to date. As NASA transitions, U.S. space politics in a state of flux (Washington Post) [ U.S. space politics? I didn’t know there was such a thing. But I, and I’m sure all know that ‘u.s. politics are spaced’. Flux? One could only hope. I’d say, ‘fleeced’; as in we’ve all been fleeced. Sterner: 5 myths about NASA (Washington Post) [ If you can’t get past the first myth; viz., that they actually set foot on the moon, the other 5 so-called myths become irrelevant. Indeed, post-Eisenhower, and certainly post-Kennedy-assassination / coup d’etat, NASA was all military / military industrial complex (moreover, someone knowledgeable about such matters said essentially that in explaining to my surprise the transition to the shuttle program it was said there was greater military application in same). In any event, Russia’s been doing quite a bit of ‘heavy lifting’ vis-à-vis the space station, but not inordinately so. All I can say with certainty is that the universe beyond this solar system is forever protected / insulated. The fact is, they never set foot on the moon; and, in light of the pervasive corruption in and defacto bankruptcy of the nation, their perpetual wars toward making a hell on earth militate against anything but trying to do even just a little bit better (for a start), terrestrially. NASA wants mission to bring Martian rocks to Earth (AP) Why? They already have that and more: Launch of secret US space ship masks even more secret launch of new weapon The Militarization of Outer Space: The Pentagon’s “Space Warriors” Global Research | It’s not as if things aren’t bad enough right here on planet earth. Now the Defense Department wants to up the stakes with new, destabilizing weapons systems that will transform low- and high-earth orbit into another “battlespace.”

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 ]

Economy makes election a nail-biter Few of the proposals laid out by the president Tuesday would jump-start the economy before November. ‘Once again, long-winded on rhetorics but short on specifics’ (WP) [ No … it’s not the economy that makes the election a nail-biter. Rather, it’s wobama’s ‘long-winded on rhetorics but short on specifics’ typical b***s*** that makes for this a ‘nail-biter’. No specifics? Indeed! From ‘wobama speak’ we can surmise from this ‘hedge’ that at least he wouldn’t be vulnerable to the legitimate accusations that his actions (and non-actions) belie his words as last time around. As for the economy, it’s all that bad and worse! Are George Soros, The IMF And The World Bank Purposely Trying To Scare The Living Daylights Out Of Us? [ Short answer: No! The crisis is real! ] http://albertpeia.com/diretimesahead.htm .

[GOP reactions reflect party divisions Indiana Gov. Mitch Daniels makes official response, but Romney and Cain also offer their takes. (WP) [ Although I didn’t listen to / watch wobama’s b***s*** session (his words are absolutely worthless and as last time around, belied by his misguided deeds), I did pay attention to the intelligent, succinct, poignant Republican Response by Mitch Daniels, Gov. Indiana, and confidently say, if he so chooses the path, he will prospectively be President. A way his formidable background and talents could more quickly be brought to the fore would be a Ron Paul / Mitch Daniels ticket which would be a Mitch Daniels candidacy then Presidency in 2016. This would give the nation and the world ‘time to breath’ while recovering from wobama way of failings / missteps. You can’t ignore Oliver Stone’s sagacious opinion in such matters as these. ( Oliver Stone: I Would Vote For Ron Paul Over Obama Steve Watson | “He’s the only one who’s saying anything intelligent about the world”. ) His great film anthology speaks for itself and has ‘caught and treated’ some of the most significant, recent american historical ‘breakpoints’.]

Limbaugh: Ron Paul “Sounds Like An Islamic Terrorist” Steve Watson | Says he would have no problem with TSA detaining US Congressman. [ Ah, come on. You got to infer something’s supplanted limbaugh’s hillbilly heroin and clouding his judgement. He’s watched too much ‘24’ (while sampling his ‘talk radio’ among others, he’d talk of this show as if reality) ‘under the influence’ which has had the desired mainstream hypnotic effect on his bloated / clouded perspective. ]

Obama’s best surrogate Gingrich boosts the president’s reelection prospects. (Washington Post) [ Indeed, that’s what’s being said across the board. You can count on Mr. Milbank having his fingers crossed for a slimy newt candidacy. Snooty newty, literally a self-proclaimed ‘revolutionary’. Che Gingrich! I can almost envision the posters / t-shirts. It’s really quite amazing / tragic! Narcissistic personality disorder? Could be. See here: He’s So Vain, He’d Be Right in Thinking This Post Is About Him By ANDREW ROSENTHAL NYT http://loyalopposition.blogs.nytimes.com/2012/01/20/hes-so-vain-hed-be-right-in-thinking-this-post-is-about-him …You can’t set too much store by press releases from one campaign about another, but I have to say that Mitt Romney’s team has come out with a devastating one. It’s titled, poetically: “‘I think Grandiose Thoughts’ A Selection of Speaker Gingrich’s Thoughts Over The Years.”

It cites some of the most breathtakingly self-congratulatory statements that I’ve ever seen from a politician, and that is a high bar.

Last month: “I think I am a transformational figure.” (Shouldn’t there have been a footnote crediting Barack Obama with that line?)

In 1985, when he was a backbencher in the Reagan G.O.P., to put it generously: “I want to shift the entire planet. And I’m doing it … I represent real power.” (Maybe that explains global warming.)

In 1992, when he was on the verge of becoming Speaker of the House, one of the most non-revolutionary things you can do: “I am essentially a revolutionary.”

And in 2005: “I first talked about [saving civilization] in August of 1958.” It’s fairly impressive that Mr. Gingrich remembers the exact date he first mentioned saving civilization. Too bad it’s now been almost 54 years and he still hasn’t done it.

All politicians love to compare themselves to previous politicians, and Republicans especially love to compare themselves to Abraham Lincoln, whose Republican Party, of course, had no connection to the current one apart from the name. But Mr. Gingrich truly excels at this, as in all other matters egotistical.

The Romney news release, which is carefully sourced, contains examples of Mr. Gingrich likening himself to Abraham Lincoln, Ronald Reagan, Margaret Thatcher (another revolutionary, essentially), Woodrow Wilson, Henry Clay, Charles de Gaulle (aren’t Republicans supposed to disdain the French?), William Wallace (from the movie “Braveheart,” not the actual William Wallace); the Duke of Wellington (presumably not for the beef or the boots), Thomas Edison, Vince Lombardi, the Wright brothers, and any old Viking. And Moses…’ [In this respect, viz., potentially suffering from a narcissistic personality disorder, he’s not so different from wobama the b for b***s***]: ‘… During a recent 60 Minutes interview, Barack Obama said that only 3 presidents in U.S. history accomplished more than he did during the first two years of his presidency….

“The issue here is not going be a list of accomplishments. As you said yourself, Steve, you know, I would put our legislative and foreign policy accomplishments in our first two years against any president — with the possible exceptions of Johnson, F.D.R., and Lincoln — just in terms of what we’ve gotten done in modern history. But, you know, but when it comes to the economy, we’ve got a lot more work to do.”

He had to be joking, right? Sadly, he was not joking…’ The Economic Collapse December 21, 2011 http://albertpeia.com/40piecesevidenceusdecline.htm

[Truth be told, though a narcissist ‘floats’ between feelings / emotions of grandiosity and inferiority, I do believe much of wobama’s obfuscating grandiosity stems from and masks his feelings of insecurity; and, his displays of grandiosity have worked so well for him in the form of b***s*** that he’s continued this rather ‘doomed to failure, course par’ approach to literally all matters, of state and otherwise.]

Romney, Gingrich clash sharply in debate The former Massachusetts governor attacked the former House speaker as a failed leader, a K Street influence peddler and a candidate who would put the party at risk in the general election. Gingrich’s firm paid $25,000 a month by Freddie, according to contract (Washington Post) [ True enough, sweet mitt; the slimy newt’s just an unscrupulous peddler; and none other than Frank’s ‘rat pack bro’, the Dino is ushered in from beyond by Frank to croon in his smooth as greecey italian way and warn us all:

The Peddler’s Serenade {recorded 1962 Dean Martin joined Frank Sinatra's Reprise ... "The Peddler's Serenade" (Jimmy Eaton / J.J. Corvo / Paul McGrane}

There’s a peddler and former speaker of the house

Was forced to resign ‘cause he’s such a louse

The peddler slimy newt with nothing of substance to sell

Just like wobama will bring the nation down to hell

(Actual lyrics in pertinent part)

There's a peddler comes to our house

With such wonderful bargains to sell

And he starts our hearts to tingling

Just as soon as he pushed the bell …

Fannie, Freddie writedowns too costly: regulator WASHINGTON (Reuters) - The regulator for Fannie Mae and Freddie Mac told lawmakers that forcing the two mortgage firms to write down loan principal would require more than $100 billion in fresh taxpayer funds… [ In other words, like the fed, banks, fannie/freddie are carrying worthless toxic assets ‘marked to anything’. ]

The two faces of Newt Gingrich With few campaign advisers to keep him on track, the candidate is showing his nasty side. (Washington Post) [ Yes indeed, we see ‘both sides now’ of ‘nasty newt’; as ominously warned by the sound from beyond of none other but Frank { Performed by

Frank Sinatra 1968, Written by Joni Mitchell First release Both Sides Now by Judy Collins on audio album Wildflowers (November 1967) }

Rows and flows of newt’s white hair
And icy screams from bombs in the air
And unfettered cannons ev'rywhere
I've looked at mushroom clouds that way …

Krauthammer: The GOP’s suicide march (Washington Post) [ Wow! Mr. Krauthammer must have been having a ‘bad hair day’. Suicide march? I don’t think so. I even was compelled to look up his (vaulted mis)use of ‘manichean’ (definitions infra) in his rather grimly devised piece. Whew! Time to break out the ‘sackcloth and ashes’. I truly have never seen Mr. Krauthammer so ‘off his game’. If one can’t appreciate the ultimate ‘raison d’etre’ for the occupy movement vis-à-vis the egregious, gargantuan, still unprosecuted wall street frauds, clearly, that person’s not been paying attention; and, to ignore same is to do so at the nation’s peril [ Obama flush with financial sector cash The president has managed to raise more money this year from the sector than any GOP contender. (WP) [ So much for obama and OWS; but how ‘bout wobama and obs … yes, more ‘obama b*** s*** ! The quid pro quo … the bribe … Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud )THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , http://albertpeia.com/10mostcorruptpols.htm ] . I often point to the stupidity of americans generally, but not so dumb to ignore the most basic math coupled with common sense relative to these nation-debilitating, unjustifiable frauds, boondoggles. At this juncture I feel obliged to state that I haven’t voted for decades (kind of along the lines of ‘George Carlin’s famed defense of his own non-voting record which he justified by reminding all that Hitler came to power in a full, free, democratic election by a landslide’). Yet, on all the ‘big ones’, I’ve always taken a prior position based on the ‘reality’ of the prospective result. May I humbly say, I’ve never, ever been wrong. These are ‘debates’ …’words’… geared toward positioning one or another for the opportunity of the ‘big job’. To expect anything less than at least a ‘little bit of juglar’ is a bit naïve. So calm down Mr. Krauthammer; nothing’s been lost. Testament to Mr. Krauthammer being ‘off his game’ here is his positing of ‘wobama the b for b***s***’ as being smart. Au contraire Mr. Krauthammer! Wobama’s quite dumb! If smart, wobama would have done as he said he would do last campaign, and the nation would have been far better off for it! Parenthetically, look to who’s pushing the censorship bills; now, that’s political desperation! To cheer Mr. Krauthammer up, there’s also that egregious ‘Keystone’ misstep which even The Post’s Editorial Board felt compelled to point out. We’ll just chalk this up to ‘(temporary) situational anxiety disorder’.

Dueling versions of the un-Obama In their disparate portraits of president, Romney, Gingrich reveal something important about selves. (Washington Post) [ Dueling versions as in ‘Dueling Banjos’ (Book, Movie ‘Deliverance’)? … If so, chalk it up for the slimy newt who has proven he fares well with the hillbillies of socar. Un-obama as in uncola ? … If so, up we chalk it for sweet mitt since the slimy newt has as Coca Cola that Atlanta root. Remember slimy newt … no cornholin’ outside your third marriage as per Frank’s prior warning:

Should I (Reveal) { Recorded by Frank Sinatra Songwriters: Nacio Herb Brown, Arthur Freed }

Should the slimy newt reveal

He’s nothing but a heal
Should the slimy newt recite
he’s no more than a thief in the night…

Frank can’t take it anymore, this politics thing is depressing his spirit, and, to a higher astral plane he shall ascend and he’ll chime in on this election no more!

(Actual lyrics in pertinent part)

Should I reveal exactly as I feel?

Should I confess I love you?

Should I recite beneath the pale moonlight?

And swear by the stars above you…

The Peddler’s Serenade {recorded 1962 Dean Martin joined Frank Sinatra's Reprise ... "The Peddler's Serenade" (Jimmy Eaton / J.J. Corvo / Paul McGrane}

There’s a peddler and former speaker of the house

Was forced to resign ‘cause he’s such a louse

The peddler slimy newt with nothing of substance to sell

Just like wobama will bring the nation down to hell…

Marcus: Gingrich shoots the messenger Parker: Gingrich’s plea of persecution (Washington Post) [ Yeah! Poor (not really thanks to that slithery ‘k street phenomena of money for nothing’) slimy newt. There’s really no excuse for blaming the media. I actually believe her (could be a familiar ‘meaning of the word is, is’ scenario) but to that I say, ‘So What’! After all, if it was a lack of mendacity and meretricious, disingenuous hypocrisy that the media and electorate were looking for, Ron Paul would be surging! And from beyond, we sense Frank’s upset as he croons:

He was married and so was she

In a house of sticks that he was made to flee

She wore black and he wore white

Though she might win this fight

So what, she shot him down

So what, they were blank rounds

Bang bang, the media rang

Bang bang, the socar hillbillies sang

So what, his baby shot him down … with blanks!

My Baby Shot Me Down

Writer: BONO, SONNY / REYES, SENEN / FREESE, LOUIS / FERM, DEMERICK SHELTON Recorded: Frank Sinatra ‘She Shot Me Down’ 1981

(Actual lyrics in pertinent part)

I was five and she was six
We rode on horses made of sticks
I wore black and she wore white
She would always win the fight

Bang bang, she shot me down
Bang bang, I hit the ground
Bang bang, that awful sound
Bang bang, my baby shot me down …

Petri: Grandiose Gingrich overruns awful Romney Rubin: In debate, Gingrich meets his match (Washington Post) [ ‘Same Debate: Two views, the news, two different views’. The gamut … from ‘bull run to ‘bull s***’ they did diverge. Frank’s displeased with this lack of clarity so from beyond he adds his soothing sound … for clarity of course! :

"Tea for Two" (recorded 1947 Frank Sinatra / Dinah Shore) (Music/Youmans Lyrics/Caesar)

We’re discontented with candidates that are rented

With grand promises that they’ve invented

America’s now a place that’s no oasis

Where life’s weary chase is always in crisis

Far from the cries of crime victims in the city,

Where flowers pretty caress the streams

Sarcozy to hide in, and war monger side-by-side in

Don’t let lobotomy joe bidin your dreams.

Slimy newt flat on his high knee, more war plans from Romney,

Chinese tea for two, and two for Chinese tea,

Me for who and you show me, al one!

{actual song in pertinent part}

I'm discontented with homes that are rented
So I have invented my own.

Darling this place is a lover's oasis where life's
weary chase is unknown.

Far from the cry of the city, where flowers pretty
caress the streams.

Cozy to hide in, to love side-by-side in.
Don't let it abide in my dreams.

Picture you upon my knee, just tea for two and two for tea,
Just me for you and you for me, alone! …’

Frank Sinatra 1968, Written by Joni Mitchell First release Both Sides Now by Judy Collins on audio album Wildflowers (November 1967) }

Rows and flows of newt’s white hair
And icy screams from bombs in the air
And unfettered cannons ev'rywhere
I've looked at mushroom clouds that way …

Gingrich returns to his scrappy roots, closing the gap ahead of crucial S.C. As crunch time nears, Gingrich sharpens his elbows for a “dirty and dishonest” campaign against him. What’s Marianne Gingrich got on her ex-husband? (Washington Post) [ Married four times himself, the spirit of Frank shows his magnanimous, albeit surprising support for the slimy newt and sings as only Frank can, while asking the slimy newt to join in:

‘Lady is a Tramp’ Writer(s): Rodgers/Hart Recorded 1956: Frank Sinatra

She gets too hungry, weighs two hundred and eight
She hates political theater, and always comes late
She'd always bother, with people he'd hate
That's why the lady is a tramp

Yes, snooty newty, Frank forgives you your new booty … this time!

{(actual lyrics in pertinent part)
She gets too hungry, to eat dinner at eight
She loves the theater, and never comes late
She'd never bother, with people she'd hate
That's why the lady is a tramp …}

Drudgereport: AP: ABC TO AIR THURSDAY NIGHT...
GINGRICH DAUGHTERS: 'The failure of a marriage is terrible and emotional experience'...

NEWT EX-WIFE UNLOADS
Wed Jan 18 2012 Marianne Gingrich has said she could end her ex-husband's career with a single interview… UPDATE: The AP reports ABC is now likely to air the segment Thursday on NIGHTLINE.

Erik Wemple : Chris Matthews alleges Gingrichian racial snarkiness (Washington Post) [ Snarky, indeed! He’s so snarky, that slimy newt. Once again snooty newty has raised the ire of Frank from beyond as Frank feels compelled to chime in on behalf of his shadow, also known as ‘sammy’, as in sammy davis, jr., who is also a spook; you know a ghost. And no, sammy was not one of the spooks at the cia who are a bunch of spooks, and so indirectly Frank’s chimin’ in on the cia’s behalf as well. Sing it Frank (with your shadow, sammy):

(Actual Song - Duet - Artist: Frank Sinatra & Sammy Davis Jr Song: Me and My Shadow Date recorded: 1962)

Me and My Shadow

snooty newty and his shadow

Strolling down pennsylvania avenue
snarky newty and his shadow

That’s a dream that won’t come true

snooty newty and his shadow

All alone and feeling black and blue

‘cause snooty newty and his shadow
just got mugged in front of wobama’s temp house too

ComPost : The stupidest attack on Romney yet (Washington Post) Mais oui, il est tres stupide, que triton visqueux (But yes, he is very stupid, that slimy newt). I personally took (the mandatory foreign language grade 7-10) French and even brushed up here in LA while contemplating a move to Geneva, Switzerland, Europe, which of course has obviously changed along with EU prospects, the EU having so foolishly gone along to get along with the now fallen american way (I’m really not good with languages, being ‘hard-wired’ with my initial language, ie., my facebook response to query, ‘I took French; but I have no facility with languages (including computer programming languages) other than what I initially learned and some code (html, etc.). I think I should invest in one of those electronic translators.’). Even Frank’s angrily chiming in with his displeasure with snooty newty from beyond :

I Love Paris (Writer(s): Cole Porter) (Recorded 1959, 1960 Frank Sinatra)

I love Paris in the spring time
No room for newt on the ballot in the fall
I love seeing newt splinter this winter when he fizzles
I love seeing newt the bummer in summer when it sizzles

Newty seems dumber,

Really don’t have to wait for summer,
to see that bummer newty fall

Ron Paul’s achievement After a quarter-century in the wilderness, he’s within reach of putting his cause on the map. (Washington Post) [ At first blush, I thought by this headline this article to be Mr. Krauthammer’s vailed attempt at sarcasm. After all, as a jewish man himself, I’ve yet to see him take a position that could in any way be even remotely antithetical to israeli interests; and yet, one would have to be blind and dumb not to to realize such zionist / pro-israeli policies as foolishly adopted by the u.s. have been unequivocally antithetical to american interests. The testament to the merger of contraindicated american ‘interests’ with selfishly construed israeli interests was that display of wildly cheering israeli agents on the banks of the palisades in Weehawken, n.j. at the sight of the burning / exploding / symmetrically imploding trade towers (including bldg. 7) on 911 (contriving such a ‘pearl harbor event’ a neocon / military industrial complex / israeli wet dream come true. Later history might even write this as the ‘albatross incident’ for america). The great but substantially underrated President General Eisenhower warned of the military industrial complex whose interests and welfare programs have merged with those of the militant illegal-nuke totin’ israelis whose interests suddenly merged into puppet-in-chief wobama despite wobama’s campaign rhetoric to the contrary upon which he was elected. Parenthetically, President Eisenhower never took any crap from the terrorist begin / israelis in contravention of American interests in the region. I truly don’t know what being a libertarian means; but I do know that a junkie/thief/methamphetamine addict from virginia who stole some (very valuable to me) items from me here in Socal had a father who was one and he professed being one of sorts himself though questionable (ie., his ‘phony’ business card with an ‘in God we trust’ logo, etc.). The importance of Ron Paul is to point out the unsustainability of ‘same old / same old’ without reason, purpose, advantage to any but the very greedy short-sighted few, though substantially detrimental to the nation. After the cold war’s end, with peace dividend to grace clinton, the substantial achievement of Reagan / Gorbachev, if america had literally ‘done nothing’ rather than having embarked upon the ‘money-eating / war-profiteering’ adventurism along with ‘that engagement thing’ with communist china so hailed by former ambassador to china / cia man bush, no nation could have caught up to and passed america; some and then many have and are destined to do so (what the heck, decades at best anyway). The fed has failed all mandates for which it supposedly exists. They’ve literally helped consummate for the intended benefit of the few, frauds in the trillions, to the substantial detriment of the vast majority and the nation itself (among other culpable acts, ie., $4 trillion missing at the new york fed, over-printing of the ever more worthless dollars, etc.). For the israeli lobby, reality is a frightful thing. For pervasively corrupt, defacto bankrupt america, reality is also a frightful thing.

Mitt Romney’s capitalism His record sparks an overdue debate about the system. (Washington Post) [ What system? The american ‘system’ in a nutshell is ‘fraud’ as in fraudulent as in to get ahead in america you must become a criminal, an accomplice, and be sure not to show any scruples whatsoever in so doing. The so-called laws are at best arbitrarily enforced if at all (and used most often to silence both conscience and opposition). Keep quiet (cover-up), you’ll be rewarded (infra); open your mouth or rock the sinking uss titanic and you’ll pay dearly. That’s the so-called ‘system’; with huge government-protected (ie., wall street, etc. ) frauds (infra), government illegal drug distribution (infra), illegal wars / war profiteering / war crimes, etc. (infra), all in plain sight. The only question concerning Romney’s capitalism given his background and the few opportunities for legitimate work in america is whether what he did was legal. There are numerous fortunes being made on wall street by illegal means, still unprosecuted, among other sordid fraudulent schemes and worse, in and out of u.s. politics, including the contrived wars, war crimes, war profiteering, etc., with those cogs in the military industrial complex so warned against by the great but substantially underrated President General Eisenhower profiting exorbitantly. I’m still wondering what these k street schmoozers, carlyle (infra), etc., ‘do’ for their piece of the misguided action, as with lobbies including the likes of gingrich, santorum, etc.. (34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://theeconomiccollapseblog.com http://albertpeia.com/34shockingfactsaboutusdebt.htm ‘We have all been lied to. For decades, the leaders of both major political parties have promised us that they can fix our current system and that they can get our national debt under control. As the 2012 election approaches, they are making all kinds of wild promises once again. Well you know what? It is all a giant sham. The United States has gotten into so much debt that there will be no coming back from this. The current system is irretrievably broken… Professor Laurence J. Kotlikoff, the U.S. is facing a "fiscal gap" of over 200 trillion dollars in the future. The following is a brief excerpt from a recent article that he did for CNN...The government's total indebtedness -- its fiscal gap -- now stands at $211 trillion.. The fiscal gap is the difference, measured in present value, between all projected future spending obligations -- including our huge defense expenditures and massive entitlement programs, as well as making interest and principal payments on the official debt -- and all projected future taxes…#33 If you add up all forms of debt in the United States (government, business and consumer), it comes to more than 56 trillion dollars. That is more than $683,000 per family…). Then of course there’s wobama’s sordid ‘pre-election’ story (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 … (infra)

Carlyle Group founders earn big in ’11 The three founders of the private buyout firm each earned nearly $138 million, documents show. (Washington Post) [ No surprise here! After all, despite campaign promises to the contrary, contraindicated war plays well for ‘bush failure 3 aka wobama the b’. Carlyle in diversification flurry Carlyle is expected to announce $40 million in energy investments, capping a two-week flurry of deals. (Washington Post) [ Yeah! You’d expect that from the likes of them; you know, a ’flurry’ so close to the election; quid pro quos, bribes and things … Flashback: Carlyle picks underwriters for IPO (Washington Post) [ Clearly part of the problem. ‘Cashing out’ while the ‘goin’s good’, gettin' out while the gettin’s good? Well what else is wall street for? Stock Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio — which has spiked recently — is extraordinarily high, one might even say off-the-chart. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed… an especially great opportunity to sell / take profits while you still can since there's much worse to come! ‘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. Founders: Daniel A. D’Aniello, William E. Conway Jr. and David M. Rubenstein

The Bush-Carlyle Connection http://www.informationclearinghouse.info/article3309.htm "CHRONOLOGY: The Bushes And The Carlyle Group" Bushnews.com. Source: http://www.bushnews.com/bushcarlyle.htm "The Bush-Carlyle Group Archive" .. , A Look At Why The Carlyle Group Wanted to Drop George W. Bush ... http://www.informationclearinghouse.info/article3994.htm David Rubenstein, founder of the secretive defense contractor Carlyle Group. Recalls how useless Bush was as a board member of Carlyle's firm Caterair and ... , BuzzFlash Perspectives - The Bush-Carlyle Group Archive http://www.buzzflash.com/perspectives/2002/Bush-Carlyle.html The Bush-Carlyle Group Archive. Company Man Special Report, 2002. "[Frank Carlucci, chairman of the Carlyle Group], was brought into the Nixon ... , Carlyle Empire - U.S. Politics Page: Bush, Carlucci, Soros http://culturechange.org/CarlyleEmpire.html The biggest private investor in the world, deeply entrenched in the weapons' sector, is a discreet group that cultivates dealings with influential men, including ...

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

.Barack Obama: The Naked Emperor Shocking but true revelations from David Icke| infra ‘...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, 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)’

Romney’s money problem His nomination may be near, but his routine is getting a bit rich. (Washington Post) [ Yet another of those ‘aw come on wobama lover Mr. Milbank moments’. I mean really. Wobama’s are as ‘rich’, and disingenuous at best to say otherwise, and his routine, namely bs, is past ‘getting old’. After all, wobama can’t run on his clear record of failure as bush failure 3 with what turns out as before, bs alone. The problem is that there’s nothing that can be said of the republican offerings (except Ron Paul) for which it can’t be said of wobama that he’s been there, done that in contravention of all prior campaign promises, to the substantial detriment of the nation. Even his new ‘displacement’ as chief of staff’s a ‘wall street inside man’ (Drudgereport: `FLASHBACK: Daley planned to leave AFTER election...` , `Michelle (a black) distressed about power of 'white Irish Catholic'...` , `New Obama Chief of Staff: Former Hedge Fund Exec at CITI, Made Money off Mortgage Defaults... (even Castro’s correct on this obvous point regarding the duplicitous wobama )` `Castro: 'Robot' better than Obama, Republicans... .`Obama missing the mark on defense? President Obama’s defense strategy — and the assumptions underlying it — need a closer look. (Washington Post) [ I really don’t know what the editorial board really is; but that’s the only reason I’m commenting here (on this one) given their most recent, shocking ‘contributions’ to the discourse. First, let’s begin with a fundamental reality; viz., america is hopelessly and insurmountably defacto bankrupt (34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://theeconomiccollapseblog.com ‘We have all been lied to. For decades, the leaders of both major political parties have promised us that they can fix our current system and that they can get our national debt under control. As the 2012 election approaches, they are making all kinds of wild promises once again. Well you know what? It is all a giant sham. The United States has gotten into so much debt that there will be no coming back from this. The current system is irretrievably broken… Professor Laurence J. Kotlikoff, the U.S. is facing a "fiscal gap" of over 200 trillion dollars in the future. The following is a brief excerpt from a recent article that he did for CNN...The government's total indebtedness -- its fiscal gap -- now stands at $211 trillion.. The fiscal gap is the difference, measured in present value, between all projected future spending obligations -- including our huge defense expenditures and massive entitlement programs, as well as making interest and principal payments on the official debt -- and all projected future taxes…#33 If you add up all forms of debt in the United States (government, business and consumer), it comes to more than 56 trillion dollars. That is more than $683,000 per family…). Second, I’d like to know how these unaffordably expensive military industrial complex (warned against by the great but substantially underrated President General Eisenhower) welfare programs have succeeded in accomplishing anything but the defacto bankruptcy of this nation, created fortunes for the war profiteering few, while fomenting (justifiable) anti-american sentiment globally (that ‘destructive thing’ that rational people abhor). Third, $489 billion in cuts over 10 years (however ‘sold’, ie., ‘new strategy’) is nothing relative to the enormity and insurmountability of the nation’s debt. What need’s a closer look is not so much the ‘new strategy’; but rather that failed abhorrent old strategy, however repackaged, and those who made it. After all, it doesn’t matter so much what they say, as it does what they do. A glaring example is the ‘war on drugs’ given america’s unequivocal involvement in same (infra). As for wobama missing the mark on defense, there isn’t anything whatsoever that wobama hasn’t missed the mark on. Obama flush with financial sector cash The president has managed to raise more money this year from the sector than any GOP contender. (WP) [ So much for obama and OWS; but how ‘bout wobama and obs … yes, more ‘obama b* s* ! The quid pro quo … the bribe … Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud )THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , http://albertpeia.com/10mostcorruptpols.htm Role as political insider in Washington made Rick Santorum a millionaireAfter losing reelection bid in 2006, he capitalized on experience with a profitable career on K Street. (Washington Post) [ As such, the same salvos levied against slimy newt are aposite here and reiterated. Yet, I’m still non-plused by santorum equating same-sex marriage (as a heterosexual myself I can’t say that I’m wild about that idea) with polygamy (truth be told it could be easy for me to picture being wild about that idea). I haven’t yet looked closely at santorum, candidly speaking; and, know him only by his contraindicated and preposterous ‘soundbites’ in defense of nation-bankrupting neo-con geopolitics (wars) and have previously referred to him as a ‘lightweight’ thereby.

Rubin: Gingrich out for revenge (Washington Post) [ Yes, newt … revenge is sweet and so are you … Your reward: a message and a song to sing as you pine away about what was your day … Sweet slimy newt, once again from beyond, Frank’s got just the sultry sound to soothe your vengeful, restless spirit, so sing it snooty newty (but stay away from any new booty) :

FRANK SINATRA LYRICS: " I WANNA BE AROUND "
(J. Mercer, S. Vimmerstadt)
[Recorded June 9, 1964, Los Angeles]
I wanna be around to pick up the pieces when somebody breaks your heart,
Somebody twice as smart as I.
Somebody who will swear to be true like you used to do with me,
Who'll leave you to learn that misery loves company, wait and see.
I wanna be around to see how he does it when he breaks your heart to bits,
Let's see if the puzzle fits, so fine,
And that's when I'll discover that revenge is sweet,
As I sit there applauding from a front row seat,
When somebody breaks your heart like you broke mine.
That's when I'll discover that revenge is sweet,
As I sit there applauding from a front row seat,
When somebody breaks your heart like you broke mine,
Like you, like you broke mine.

Gingrich gets emotional at campaign event In an unusually emotional moment, the former House speaker got teary-eyed when asked a question about his mother during an Iowa town hall Friday. (Washington Post) [ Wow! Slimy newt’s Muskie moment. Mom or no, he of all slime bags should know that ‘Big Boys Don’t Cry’; oh, excuse me, that’s ‘Big Girls Don’t Cry’. What to do … to cheer up the maudlin newt? Yes … once again from beyond, the sultry, soothing, sound of Frank provides the answer: { ‘Send in the Clowns’ -Full song, real lyrics with intro by Frank, infra:(Stephen Sondheim)[Recorded June 22, 1973, Hollywood] }

Isn't newt rich? Is he and mom a pair?
newt here at last on the ground and his campaign in mid-air
Send in the clowns…

Isn't newt rich? Isn’t he queer?
Losing his timing this late in his nearly presidential career
But where are the clowns? Send him to the clowns in d.c.
Well, maybe but not next year

For some Hill Republicans, fear of a Newt Gingrich nomination Republican lawmakers, strategists fear Gingrich would jeopardize GOP prospects for control of Congress. (Washington Post) [ Fear indeed! Fear and loathing in fact is more descript; and, not just by Hill Republicans, to be sure. Then, ominously from beyond, another warning from the ghost of Frank (‘My Way’ Writer:Anka Composer:François,Revaux) : … ‘Regrets, newt’s had a few, but then again, too many to mention’ … Indeed, far too many, and, despite crocodile tears from the duplicitous ‘slimy newt’, his unconflicted nature regarding such things means there are probably so many such things worthy of regret that he’s all but unelectable as president ( speaking of newts, amphibians, throw in an arachnid for good measure, think of that fable of the’ frog and scorpion crossing the river’ and the ‘all in his nature thing’). Romney: Newt Gingrich an ‘extremely unreliable’ conservative leader EXCLUSIVE | In a Washington Post interview, Mitt Romney says he has been more consistent than his rival. (Washington Post) [ Yes … we can hear the ghost of Frank sweetly serenading us with a foreboding and warning regarding the ‘slimy newt’ based on his hit tune (‘Call me irresponsible’ Writer(s): Cahn/Van Heusen):

Call him irresponsible - call him unreliable
Throw in undependable too
Do his foolish alibis bore you
Well he’s not too clever – he just adores trumpish people we should boo

Call him unpredictable - tell him he’s impractical
Pots of gold at ends of rainbows he’s inclined to pursue
Call him irresponsible - yes newt’s unreliable
But it's undeniably true – newt’s irresponsibly mad for madman trump et als too

Full song, real lyrics with intro by Frank:

‘Send in the Clowns’ (Stephen Sondheim)[Recorded June 22, 1973, Hollywood]

[Spoken intro]
This is a song about a couple of adult people who have spent, oh, quite a long time
together, till one day
one of 'em gets restless and decides to leave. Whether it's the man or woman who left is unimportant.
It's a breakup.
It's a lovely marriage of words and music, written by Stephen Sondheim.

Isn't it rich? Are we a pair?
Me here at last on the ground and you in mid-air
Send in the clowns

Isn't it bliss? Don't you approve?
One who keeps tearing around and one who can't move
But where are the clowns? Send in the clowns

Just when I stopped opening doors
Finally finding the one that I wanted was yours
Making my entrance again with my usual flair

Sure of my lines
Nobody's there

Don't you love a farce? My fault, I fear
I thought that you'd want what I want, sorry my dear
But where are the clowns? Send in the clowns
Don't bother they're here

Isn't it rich? Isn't it queer?
Losing my timing this late in my career
But where are the clowns? Send in the clowns
Well, maybe next year

Financial Troubles For Many Nations In The New Year Bob Chapman | 2012 is going to be quite a year with falling economies in the UK, Europe, the US, China, Japan and the remainder of Asia. Ron Paul’s poll numbers are up in Iowa (Washington Post) [ As indeed they should be if people are truthful about wanting real change for the better. Historical headwinds Gingrich, Romney and Paul against the odds. (Washington Post) [ This is without doubt the most disappointing article by an otherwise invariably clear thinking Mr. Will. I’m glad for his disclosure (the Perry link) inasmuch as at least there is the possibility of a modicum of reason behind what otherwise would constitute a total ‘lack of reason’. Mr. Will sets forth some interesting tidbits of a category of sorts of history as if prepping for a round of Jeopardy, so obscure as they are. Relevance to today, that is also as obscure. If Mr. Will, of all people, cannot discern the difference today, from the america of yesterday, one does have to wonder who can. Yet, I do believe the vast majority in america do in fact discern such a difference. Why? Because the magnitude of that reality (of difference) is so great that one would have to be literally brain-dead to not discern it. Pervasively corrupt and quite literally defacto bankrupt, america’s at the cusp of a complete collapse in every way a nation could collapse; viz., financially, economically, politically, geopolitically, and legally. Indeed, so stark are these realities despite organized obfuscation, the same direction / status quo is blatantly untenable to even the most stalwart of ‘stay the course types’. Other than the black vote (roughly 18% according to’the first black president, clinton’) and the relatively few remaining wobama loyalists, I do believe, though belated, it’s human nature for that clear majority to opt for the chance of survival (of a nation) rather than the already worn path of decline as tread by wobama. Then comes the distinction between the failed president wobama and the alternative; Ron Paul being the ‘man, with a plan, that’s not already been ran’. New direction, change is sorely needed; which wobama promised, but never delivered, jive-talking con-man that he is.

George H.W. Bush said to support Romney (Washington Post) [“I think Romney is the best choice for us,” said poppy bush. Exactly! Though surprisingly candid given his oft shady rhetoric; from read his lips ‘no new taxes’ to ‘he’s thinking anew’, words he ascribed to Lincoln; he really means this ‘us’ thing; not u.s. mind you; but literally us as in the untalented (war) criminal bush clan that spawned two failed presidents and have rested hopes for a third (jebby the judas – or at least a still viable political ‘leeching of america’ position – same for his lying -9/11- buddy tom kean’s son) in the ever increasingly desperate romney. So poor a job did poppy do, he, like ‘wobama the b for b***s***, was a ‘one-termer’ (even bush failure 2 who ranks among the worst presidents in american history, just a notch above wobama –the worst-, got two terms – people were still buying into their self-created ‘national emergency mode’ war propaganda). Then there’s his familial historical ties to fraudulent wall street as well as even hitler et als. But then there’s the military industrial complex so warned against by the great but underrated President General Eisenhower that stands to gain by the bush league approach and certainly romney’s bellicose rhetoric was made to order to accommodate such fleecing enterprises with wars / conflicts made real thereby. ‘Best choice’ … For whom should be the proper query? There’s the cia (and their illegal drug business and bigger off the grid budgets http://albertpeia.com/CIAAgentAffidavit1.jpg ), the communist chinese (that engagement thing as former ambassador that’s worked out so marvelously for america while make ‘those few’ very wealthy), the Carlisle Group, etc.. Then there’s aipac, israel, zionist jews, neo-cons, mental-cases like cheney, bolton, etc., and in the case of aipac have been showing their love … not for americans/america, but for ie., romney and themselves… With rise, Ron Paul could be spoiler in GOP presidential race — or kingmaker As the first votes approach in Iowa, the congressman is a serious force with the potential to upend fight. (Washington Post) [ Spoiler? Kingmaker? How ‘bout ‘the candidate’! If there’s one thing far more scrutinizing eyes than those of the so-called mainstream are apt to point out (ie., Tyler Durden, Jones, Watson, etc.), it’s that the nation hasn’t fared so well with the so-called ‘establishment / mainstream candidates / favorites’. In fact, as we all know, the substantially compromised mainstream candidates with substantially compromised mainstream positions have proven to be downright disastrous for the nation, the people, and the world generally. The time has come in light of realities to say, borrowing the words from Robert Kennedy … Why not? There is no rational argument that militates against a Ron Paul who calls things as they are. After all, whether people like to admit it or not, the fed (like wobama the b for b***s***) has failed virtually all of their mandates. Moreover, the bernanke fed’s policies have helped the frauds / perps (biggest still unprosecuted) on wall street to the detriment of literally everyone else. The same is true of the military industrial complex war-welfare plans as warned against by the great but substantially underrated President General Eisenhower in terms of the few they so favored at everyone else’s expense. The examples go on and on and are too numerous to list. Rogers: Paul is short on appeal (Washington Post) [ Yeah … he ain’t pretty … but this ain’t a beauty contest … Moreover, what has appeal gotten the nation? … where has appeal gotten the nation to? … 4 years of wobama’s ‘appeal’ aka b***s*** has left the nation in the toilet at best, cesspool at worst; and, in large part owing to the glaring fact that if ‘wobama the b for b***s***’ had done what he said he’d do and didn’t, the nation prospects, though still ominous, would have been substantially enhanced. For all but Paul, it’s the failed ‘same old, same old’ which is, as per paraphrasing Einstein, neither a plan, nor strategy, but rather insanity. Gingrich’s time of testingTHE TAKE | Can Gingrich survive rivals’ attacks, build a campaign that sustains his candidacy? (Washington Post) [ ‘Time of testing’? Oh, but he has been tested … scandal-scarred like no other, he has been found wanting … too much … not for the nation, but himself … he’s already failed any and all tests. Newspaper Chaired By Private Equity Head Shockingly Endorses Mitt Romney For President; Ron Paul On Jay Leno Tyler Durden on 12/18/2011 A few hours ago the Des Moines Register threw its support behind the Bain Capital founder, and the man now known to have actively destroyed any trace of his public "service" before his 2007 Massachusettes office handover (with a pending response to a Reuters FOIA, which will disclose just what it was that Romney was so tenuously shredding). Because according to the Iowan newspaper, Mitt Romney "is the best to lead" America, although into what, is not quite clear - perhaps the biggest Fed funded LBO (with a Bain Capital $1 mezz piece) of all time, that of America? We don't know. And neither does the Register's editorial board. What they do know are hollow adjectives, such as "sobriety", "wisdom" and "judgment" which somehow are applicable to Romney, if not so much "betting" and "shredding." Those looking for a late night laugh can read the OpEd below (link to tomorrow's front page here). And ironically, while likely set to provide a very short-term boost to Romney's chances, it is the baseless ongoing accusations against Ron Paul that will likely solidify the groundswell behind the Texan, with such desperate platitudes as "Ron Paul's libertarian ideology would lead to economic chaos and isolationism, neither of which this nation can afford." Because what America certainly needs is more of that old ideology of doing everything just the same and hoping for the best, because if there is anything Romney's would be predecessors have taught us is that hope apparently is a credible strategy. But perhaps most relevant is the reminder that the Des Moines Register is a Gannett company whose Chairman just happens to be one Marjorie Magner, whose bio reads: 'Ms. Magner, 61, is Managing Partner of Brysam Global Partners, a private equity firm investing in financial services firms with a focus on consumer opportunities in emerging markets founded in January 2007. She was Chairman and CEO of Citigroup's Global Consumer Group from 2003 to 2005. She served in various roles at Citigroup, and a predecessor company, CitiFinancial (previously Commercial Credit), since 1987. Ms. Magner currently serves as a director of Accenture Ltd. and Ally Financial Inc. and served as a director of The Charles Schwab Corporation from February 2006 to May 2008. Ms. Magner has broad business experience and financial expertise from the various senior management roles she held with Citigroup." (that Romney felt the need to ‘kiss the ring’ of failed president poppy bush says a lot about ‘regressive political persuasion’

In N.H., Romney steps up attacks on Gingrich(Washington Post) [ Yeah … he’d better get going, ratchet up the rhetoric; after all, slimy newt’s just gotten the endorsement of ‘celebrity mobster madman’s (trump’s) apprentice’, ‘gary the b’ (for berserk) busey (most notable for his role in the film ‘Tomcats’ as the guy with only half a pair of b**ls!) (Drudgereport: Gary Busey Endorses Gingrich... ).Five myths about Ron Paul (WP) [ For me, the litmus test for any candidate, though somewhat personalized, is generally applicable to the entire national electorate. It falls within that very broad category; viz., ‘been there, done that’. It is no mystery that the current wobama regime, et als are trying in every which way to censor, obstruct, and otherwise control the free-flow of information, particularly now the internet, which really works against failed administrations as that currently in place. By every measure you can gauge the success or failure of a presidency, wobama the b for b***s*** is an abject failure. There is not one reason based upon what he said he would do last time around, didn’t do, but as we now know had he done as he said the nation would have clearly been better off this day. He basically continued the policies of the prior failed presidency of war criminal dumbya bush, including the same or similarly connected players, despite having campaigned vociferously condemning same (CIA lawyer says Obama administration backed and continued virtually all Bush-era programs Natural News ). Clinton was the luckiest of all recent presidents in having the benefit of the peace dividend to smooth things over, by way of the one and only but very significant accomplishment of Reagan / Gorbachev; yet, he found ways through deep-seated mental issues to fail, which we all endured as if watching a soap opera unfold. Incompetent george h.w. bush (‘poppy’) was basically the ‘cia in disguise’ which kept up the ops which included that snookering of then american proxy, sadam hussein, by u.s. ambassador april glaspie (see more here infra) (george h.w.bush was also ambassador to communist china and we all know how that’s turned out for america; but, ‘they’ and ‘theirs’ have made a bundle.. poppy and clinton were tied by ‘virtue’ of their cia / Mena, Arkansas cocaine drop / connection [ for me that connection was devastating to my RICO case which involved the laundering of drug money through the trump casinos in atlantic city,n.j., and poppy is after all, war criminal dumbya bush’s father ( see ie., http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm , and, america also leads in the illegal drug trade, infra ) . .. calls for impeachment ..‘fast and furious debacle’. Despite campaign promises, there have been no high level prosecutions of the wall street frauds which are still extant in the trillions. That ‘8%’ unemployment; don’t completely dismiss same as they may just have enough of their stand-ins to work exactly 1 day to be counted;that’s at best... as they’ve done, manipulate/fudge/outright lie about the numbers (actual unemployment is beyond 15%). Gingrich actually carved out exceptions for fraudulent wall street to the applicability of the RICO Act to their frauds, among many other unscrupulous acts which will emerge; along with having sought the endorsement of mobster, mental case trump.. romney follows suit with a trip to kiss the ring of failed president poppy bush while cow-towing as all but Paul to the israeli lobby. So I, as should be so for the entire nation, say results count. (For me, it’s resolution of those corrupted RICO matters). Reality counts. What’s gone before has failed;new direction, policies are required. After all, Einstein did say, paraphrasing, ‘doing the same thing over and over again and expecting a different result’ is insanity. Ron Paul’s still standing!

CRIME STATS(u.s.No.1)

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

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

SHARE YOUR OPINION ON THE DEBT LIMIT
Dear Congresswoman Roybal-Allard:

The following is my comment to an LA Times article regarding a Justice Department cover-up! As for your inquiry, all I think about day and night is a long overdue resolution to the RICO litigation as set forth therein:

ATF Chief Melson:Justice Department trying to shield officials (LATimes) Serrano

I believe him!

I truly empathize with the ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual citizenship with Italy), and some familiar crimes (ie., drug money laundering, etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the following ATF Agents who were probably viewed as loose ends: Steve Willis, Robert Williams, Todd McKeahan & Conway LeBleu: Died February 28, 1993 by gunfire at Waco. All four were examined by a pathologist and died from identical wounds to the left temple. All four had been body guards for Bill Clinton, three while campaigning for President and when he was Governor of Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]

Here’s some real, complicit cover-up / fraud on the part of the federal government, et als:

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

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

Los Angeles, CA 90024

Dear Sir:

Sincerely,

Albert L. Peia

611 E. 5^th Street, #404

Los Angeles, CA 90013

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

----------

GOOGLE SEARCH – ‘LARRY KLAYMAN, LOUIS FREEH CORRUPT’

ABOUT 6,240 RESULTS (0.11 SECONDS)

· Trulock Sues FBI Director Freeh

archive.newsmax.com/articles/?a=2000/7/30/211047

Jul 31, 2000 – Judicial Watch is a public-interest law firm that fights corruption in government. To read Larry Klayman's letter to Louis Freeh, ...

· Judicial Watch - Because no one is above the law!

www.judicialwatch.org/archive/newsletter/2003/0203b.shtml

... security," said JW Chairman Larry Klayman. "His behavior stands in stark contrast to Louis Freeh, a man so corrupt he destroyed the office he led, ...

· Freedomwriter.com :: Headline News :: - America - JUDICIAL ...

www.freedomwriter.com/issue20/am15.htm

“Louis Freeh will finally have to answer in court for what he did to our clients. ... answers,” stated Judicial Watch Chairman and General Counsel Larry Klayman. ...

· Infowars.com -- Talk Radio's Alex Jones v. the New World Order

www.infowars.com/jw_transcript.htm

Klayman, Larry, Chairman, Judicial Watch ... My name is Larry Klayman. ... interest group that investigates and prosecutes government corruption and abuse. ...... They seized his computer – these are FBI agents at the direction of Louis Freeh, ...

· JUDICIAL WATCH REJOICES AT RESIGNATION OF FBI DIRECTOR LOUIS FREEH

www.judicialwatch.org/archive/2001/printer_921.shtml

May 3, 2001 – Because of his corrupt behavior, Freeh was placed on Judicial Watch's ... stated Judicial Watch Chairman and General Counsel Larry Klayman. ...

· The hazing of Judge Lamberth

www.wnd.com/index.php?pageId=5374

May 27, 2000 – By Larry Klayman ... While Judicial Watch has asked FBI Director Louis Freeh to .... lawsuits against a corrupt and unrepentant Clinton-Gore ...

**· Trulock, Conrad v. Freeh, et al, Employees of FBI**

cryptome.org/trulock-v-fbi.htm

LOUIS J. FREEH, in his personal capacity; NEIL GALLAGHER, in his No. ... COUNSEL ARGUED: Larry E. Klayman, JUDICIAL WATCH, INC., Washing- ton, D.C. ...

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

Iraq

from the book

The CIAs Greatest Hits

by Mark Zepezauer

‘The Gulf War of early 1991 didn't change much. Our old buddy, the despotic Emir of Kuwait, is back on his throne. Our former buddy, Saddam Hussein, while knocked down a peg or two, is still in power and as brutal as ever. Hundreds of thousands of Iraqis are dead, hundreds of US veterans are suffering from a mysterious disease, and the Persian Gulf has been ravaged by the largest oil spill in history. The question naturally arises, could any of this have been avoided?

The whole dispute started because Kuwait was slant-drilling. Using equipment bought from National Security Council chief Brent Scowcroft's old company, Kuwait was pumping out some $14-billion worth of oil from underneath Iraqi territory. Even the territory they were drilling from had originally been Iraq's. Slant-drilling is enough to get you shot in Texas, and it's certainly enough to start a war in the Mideast.

Even so, this dispute could have been negotiated. But it's hard to avoid a war when what you're actually doing is trying to provoke a war.

The most famous example of that is the meeting between Saddam and the US Ambassador to Iraq, April Glaspie, five days before Iraq invaded Kuwait. As CIA satellite photos showed an Iraqi invasion force massing on the Kuwaiti border, Glaspie told Hussein that "the US takes no position" on Iraq's dispute with Kuwait.

A few days later, during last-minute negotiations, Kuwait's foreign minister said: "We are not going to respond to [Iraq]....If they don't like it, let them occupy our territory....We are going to bring in the Americans." The US reportedly encouraged Kuwait's attitude.

Pitting the two countries against each other was nothing new. Back in 1989, CIA Director William Webster advised Kuwait's security chief to "take advantage of the deteriorating economic situation in Iraq to put pressure on Iraq.'' At the same time, a CIA-linked think tank was advising Saddam to put pressure on the Kuwaitis.

A month earlier, the Bush administration issued a secret directive that called for greater economic cooperation with Iraq. This ultimately resulted in billions of dollars of illegal arms sales to Saddam.

The Gulf War further destabilized the region and made Kuwait more dependent on us. US oil companies can now exert more control over oil prices (and thus boost their profits). The US military got an excuse to build more bases in the region (which Saudi Arabia, for one, didn't want) and the war also helped justify the "need" to continue exorbitant levels of military spending. Finally, it sent a message to Third World leaders about what they could expect if they dared to step out of line.’

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Spain back in the crosshairs of crisis Sky-high unemployment and now rising interest rates have rekindled concern that Spain may become the largest euro-zone country to tumble. Spain’s residents suffer high unemployment (Washington Post) [Graham Summers’ Weekly Market Forecast (Europe on the Verge Edition) 4-2-12 http://albertpeia.com/euontheverge.htm - Still PIIGS in the poke, and I think too soon they spoke. But, the biggest pig of all, by the end of this year will hit the wall! America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ECRI Stays with Recession Call New American | The vicious cycle is starting where lower sales, lower production, lower employment and lower income [leads] back to lower sales…BOB ADELMANN New American 3-13-12 http://albertpeia.com/ecricallsrecession.htm , STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , 4-2-12 ‘Massive Wealth Destruction’ Is About to Hit Investors: Faber http://albertpeia.com/massivewealthdestructionabouttohit.htm , RICHARD RUSSELL: A Massive Stock Market Collapse Will Wipe Out 60 Years Of Inflation And Leveraging Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm , The 15 Trillion Dollar Party http://albertpeia.com/bankruptamericadestroyingthefuture.htm { WALL STREET IS SO FRAUDULENTLY BEYOND THE PALE; FOR THERE IS NO QUESTION BUT THAT THEY BELONG IN JAIL! } , Both The Market and Government Are Irrational Paul Craig Roberts | One of the great economic myths is that markets are rational. Not a day passes without this myth being disproved scores of times, but the myth persists. [ 3-30,29,28,-12 Familiar theme of suckers’ rally off lows to keep suckers sucked in and window dress another fraudulent quarter at national expense for wall street welfare. 3-26-12 As was so last pre-crash, particularly this election year of desperation, bernanke resorts to his ‘jaw-boning’ (another dog who made news called this ‘baffling them with bs’); yet, it’s fraudulent wall street that conditions ‘all’ to believe the easy money / over-printed created Weimar dollars, a clear negative (you’re paying for the wall street welfare; ie, gas, food, etc., prices { Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year. I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ } rallies those pieces of paper/computer entries via HFT algos programmed to go wild with such talk, making this a great opportunity to sell, take profits while you can, much worse to come! http://albertpeia.com/10reasonsdollarreservecurrencyending.htm , I’ve Never Seen a Confluence of Negative Factors Like This 3-24-12 http://gainspainscapital.com , DAVE FRY IS RIGHT ON THE MONEY HERE! Dave’s Daily: http://www.etfdigest.com BERNANKE IN ABC MODE ON ABC 3-27-12 ‘Sure, it’s one of my favorite movie scenes and I couldn’t resist it. The Fed is in full campaign mode as great as Obama and his GOP rivals. When stock prices seem in doubt the Fed is ready to launch more assurances accommodation (money printing) will be available. Monday’s rally was typical as we head toward the end of the quarter. Hedge fund performance fees are on the line and any way to boost these profits is job one. Top holdings for hedge funds include the usual suspects: AAPL, IBM, INTC, BAC, DIS, HD etc. With little volume it’s easy for algos and hedge funds to prop stocks on little hard news. Tuesday we briefly saw more of this. Just as markets were weakening a story appeared using the Fed’s favorite oracle, the WSJ, as Fed governor Rosengren stated, “more stimulus is on the table”. Immediately HFT algos jumped and markets rose if only briefly.On its face, the Fed wants higher stock prices to boost confidence in the economy. However from a practical view ALL THEY’VE SUCCEEDED IN DOING FROM MY PERSPECTIVE IS DEBASING THE DOLLAR CREATING INFLATION…’ , Bernanke Claims That The Fed Has Averted A Second Great Depression By Bailing Out The Too Big To Fail Banks http://albertpeia.com/weareinsecondgreatdepression.htm [ To the contrary, because of his policies and particularly the bailouts which facilitated consummation of and even greater frauds, the real economy, the nation, taxpayers will suffer a more severe fate than even that obfuscated by bad policy in this election-year expedience! ‘… When the last financial crisis began, the U.S. national debt was about 10 trillion dollars. Today, it has risen to 15.5 trillion dollars. So Bernanke did not fix anything. The best that can be said is that he kicked the can down the road a little bit and made our long-term financial problems a lot worse at the same time. Bernanke can create money out of thin air and loan it to his friends all he wants, but he is not going to be able to prevent this house of cards from crashing down…’ . He’s as much a fraud and incompetent bozo as ‘his buds who put him there’ for their purpose / benefit. The guy’s a dope http://albertpeia.com/30bunglebenbernankequotes.htm , a fool which fact is lost on no one vis-à-vis the debased Weimar dollar http://albertpeia.com/10reasonsdollarreservecurrencyending.htm , who’s delusional http://albertpeia.com/bunglerbenfedfedsfailure.htm . He’s a total fraud! ] , 20 Signs That We Are Witnessing The Complete Collapse Of Common Sense In America http://albertpeia.com/americasdevolutionintomadness.htm http://albertpeia.com/bobobamathetraitor.htm , A View on Inflation & Keynesian Talking Points : CrownThomas : 03/29/2012 The ponzi will fail, and the economy will reset - the only question is when. http://albertpeia.com/fedponzifails.htm , Charles Hugh Smith On The Phony "Economic Recovery," Stress and "Losing It" Durden 3-30-12, Everything Is Going To Be Alright? http://albertpeia.com/everythingsnotalright.htm , ‘Massive Wealth Destruction’ Is About to Hit Investors: Faber http://albertpeia.com/massivewealthdestructionabouttohit.htm CNBC.com | Runaway government debts have triggered uncontrolled money printing that in turn will lead to inflation.. , The 15 Trillion Dollar Party http://albertpeia.com/bankruptamericadestroyingthefuture.htm { WALL STREET IS SO FRAUDULENTLY BEYOND THE PALE; FOR THERE IS NO QUESTION BUT THAT THEY BELONG IN JAIL! } , RICHARD RUSSELL: A Massive Stock Market Collapse Will Wipe Out 60 Years Of Inflation And Leveraging Business Insider , Graham Summers’ Weekly Market Forecast (Europe on the Verge Edition) 4-2-12 http://albertpeia.com/euontheverge.htm ,

45 Signs That America Will Soon Be A Nation With A Very Tiny Elite And The Rest Of Us Will Be Poor http://albertpeia.com/45signsamericatinyelitemajoritypoor.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Jobless claims fall to 4-year lowThe number of people seeking U.S. unemployment benefits fell last week, as layoffs slow and the job market strengthens. (Washington Post) [ Come on! Continuing claims have hardly budged and the extensions have facilitated just that in this election year with unaffordable (spending) obfuscation in full gear.

Initial Claims Continue String Of Disappointments

Submitted by Tyler Durden on 04/05/2012 ‘Today's initial claims number printed at 357K, on expectations of 355K, a number which next week will be revised higher once again, likely to 362K. The game here is simple - just show a decline in claims, as what happened to last week's number, also revised higher, this time from 359K to 363K, just so it can show a 6K decline and allow the idiot media to blow such headline as "Weekly US unemployment benefit applications fall to 357,000, lowest in 4 years" from AP and "Jobless Claims in U.S. Decrease to Lowest Level in Four Years" from Bloomberg. In reality, this is the third consecutive miss of consensus in a row. Give us a break - funny then when one considers that last week's consensus was 350K, which has since been revised to 363K. Or what about that 348K print the week prior which ended up being a more realistic 364K. In other words, the headlines were 348K, 359K, 357K, and somehow this is indicative of anything more than outright and endless data manipulation. Needless to say, when next week the number is revised to a far greater miss, nobody will care as the embargoed headlines will once again say "Jobless Claims in U.S. Decrease to Lowest Level in Four Years" and the sheep will keep on buying it over and over and over. What is also notable, is that just like yesterday's ADP number, today's claims data gives no hint what to expect from tomorrow's market holiday NFP.’

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Will: Time to legalize drugs? (Washington Post) [ Well, at the least, it’s time to do some trust-bustin’, as in anti-trust, as in ending america’s government run monopoly on the illegal drug trade; the legalization of which will both private government and cartel businesses essentially out of business. Tax the h**l out of it; they certainly could use the revenue, broke as indeed the nation is. But alas, no more bribes for bureaucrats which is the big fly in that ointment.

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

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Meyerson: Wall Street gets rich on class warfare (Washington Post) [ And not just class warfare. 45 Signs That America Will Soon Be A Nation With A Very Tiny Elite And The Rest Of Us Will Be Poor http://albertpeia.com/45signsamericatinyelitemajoritypoor.htm Meyerson: The rich keep getting richer (Washington Post) [ This truly is an important article topically; but, I’m constrained to say Mr. Meyerson is uncharacteristically euphemistic in his treatment of this subject. A more apropos title for this piece would be, ie., ‘Crime Pays in America (and pays well)’ or ‘It Pays To Be A Criminal in america’ or in a nation as pervasively corrupt, defacto bankrupt america where one is innocent until proven guilty in a court of law, control the controllables in preventing the criminals from being declared such in a court of law which means corrupt judges, prosecutors, legislators, etc., all of whom are being bribed one way or another; hence, the title headline; ie., ‘Criminals Controlling the Controllables’. Fraudulent wall street is the most flagrant example and of recent memory; yet, the government contracts, even illicit businesses as arms, drugs, etc., have received their share of love, support, and protection from the government. 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm , Guest Post: Money from Nothing - A Primer on Fake Wealth Creation and its Implications (Part 2) ZeroHedge.com 3-14-12 ‘Only in a debt-based money system could debt be curiously cast as an asset. We’ve made “extend and pretend” a quaint phrase for a burgeoning market for financial lying and profiteering aimed toward preventing the collapse of a debt- (or lack-) based system that was already doomed by its initial design to collapse.’ Election year temp jobs, trade deficit up, GDP projection down, business inventories miss, manipulations, obfuscations… , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , Guest Post: The Ascendence Of Sociopaths In US Governance Durden 3-21-12 How did we get here? An argument can be made that miscalculation, accident, inattention and the like are why things go bad. Those elements do have a role, but it is minor. Potential catastrophe across the board can't be the result of happenstance. When things go wrong on a grand scale, it's not just bad luck or inadvertence. It's because of serious character flaws in one or many – or even all – of the players. So is there a root cause of all the problems I've cited? If we can find it, it may tell us how we personally can best respond to the problems. In this article, I'm going to argue that the US government, in particular, is being overrun by the wrong kind of person. It's a trend that's been in motion for many years but has now reached a point of no return. In other words, a type of moral rot has become so prevalent that it's institutional in nature. There is not going to be, therefore, any serious change in the direction in which the US is headed until a genuine crisis topples the existing order. Until then, the trend will accelerate. The reason is that a certain class of people – sociopaths – are now fully in control of major American institutions. Their beliefs and attitudes are insinuated throughout the economic, political, intellectual and psychological/spiritual fabric of the US.

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Behind the gloomy economic forecasts WONKBOOK | U.S. economy has become a global bright spot, but most forecasters remain gloomy. (Washington Post) [ Global bright spot? In what parallel universe? America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’

‘Massive Wealth Destruction’ Is About to Hit Investors: Faber http://albertpeia.com/massivewealthdestructionabouttohit.htm

CNBC.com | Runaway government debts have triggered uncontrolled money printing that in turn will lead to inflation that will decimate portfolios, according to the latest forecast from Faber.

{ WALL STREET IS SO FRAUDULENTLY BEYOND THE PALE; FOR THERE IS NO QUESTION BUT THAT THEY BELONG IN JAIL! }

RICHARD RUSSELL: A Massive Stock Market Collapse Will Wipe Out 60 Years Of Inflation And Leveraging

Business Insider | Richard Russell, writer of the Dow Theory Letters, is just looking for the right time to buy stocks.

The 15 Trillion Dollar Party http://theeconomiccollapseblog.com http://albertpeia.com/bankruptamericadestroyingthefuture.htm ‘If you knew that you could live in luxury for the rest of your life but that by doing so it would absolutely destroy the future for your children, your grandchildren and your great-grandchildren would you do it? Well, that is exactly what we are doing as a nation. Over the past several decades, we have stolen 15 trillion dollars from future generations so that we could enjoy a dramatically inflated level of prosperity.

The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ECRI Stays with Recession Call New American | The vicious cycle is starting where lower sales, lower production, lower employment and lower income [leads] back to lower sales…BOB ADELMANN New American 3-13-12 http://albertpeia.com/ecricallsrecession.htm , STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , 4-2-12 ‘Massive Wealth Destruction’ Is About to Hit Investors: Faber http://albertpeia.com/massivewealthdestructionabouttohit.htm , RICHARD RUSSELL: A Massive Stock Market Collapse Will Wipe Out 60 Years Of Inflation And Leveraging Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm , The 15 Trillion Dollar Party http://albertpeia.com/bankruptamericadestroyingthefuture.htm { WALL STREET IS SO FRAUDULENTLY BEYOND THE PALE; FOR THERE IS NO QUESTION BUT THAT THEY BELONG IN JAIL! } , Both The Market and Government Are Irrational Paul Craig Roberts | One of the great economic myths is that markets are rational. Not a day passes without this myth being disproved scores of times, but the myth persists. [ 3-30,29,28,-12 Familiar theme of suckers’ rally off lows to keep suckers sucked in and window dress another fraudulent quarter at national expense for wall street welfare. 3-26-12 As was so last pre-crash, particularly this election year of desperation, bernanke resorts to his ‘jaw-boning’ (another dog who made news called this ‘baffling them with bs’); yet, it’s fraudulent wall street that conditions ‘all’ to believe the easy money / over-printed created Weimar dollars, a clear negative (you’re paying for the wall street welfare; ie, gas, food, etc., prices { Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year. I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ } rallies those pieces of paper/computer entries via HFT algos programmed to go wild with such talk, making this a great opportunity to sell, take profits while you can, much worse to come! http://albertpeia.com/10reasonsdollarreservecurrencyending.htm , I’ve Never Seen a Confluence of Negative Factors Like This 3-24-12 http://gainspainscapital.com , DAVE FRY IS RIGHT ON THE MONEY HERE! Dave’s Daily: http://www.etfdigest.com BERNANKE IN ABC MODE ON ABC 3-27-12 ‘Sure, it’s one of my favorite movie scenes and I couldn’t resist it. The Fed is in full campaign mode as great as Obama and his GOP rivals. When stock prices seem in doubt the Fed is ready to launch more assurances accommodation (money printing) will be available. Monday’s rally was typical as we head toward the end of the quarter. Hedge fund performance fees are on the line and any way to boost these profits is job one. Top holdings for hedge funds include the usual suspects: AAPL, IBM, INTC, BAC, DIS, HD etc. With little volume it’s easy for algos and hedge funds to prop stocks on little hard news. Tuesday we briefly saw more of this. Just as markets were weakening a story appeared using the Fed’s favorite oracle, the WSJ, as Fed governor Rosengren stated, “more stimulus is on the table”. Immediately HFT algos jumped and markets rose if only briefly.On its face, the Fed wants higher stock prices to boost confidence in the economy. However from a practical view ALL THEY’VE SUCCEEDED IN DOING FROM MY PERSPECTIVE IS DEBASING THE DOLLAR CREATING INFLATION…’ , And 14 of 16 On Dallas Fed Miss 3-26-12 The Dallas Fed Manufacturing Outlook just came with its largest miss of expectations in 9 months - and biggest drop in 7 months.. A 10.8 print vs expectations of 17.0 dropped the index back to its lowest since December and keeps the 'good is good but bad is better' dream alive..’, Don’t be fooled by the money illusion MarketWatch | Rising prices are making some statistics look better than they really are. [ The ‘psychological factor’ has always been a component in the valuation of securities which valuations, good or ill, collectively give rise to the ‘markets’. The mythical part is the presumption of rationality accorded the ‘market-makers’ which, despite their glaring irrationality and propensity for fraud (I’d conservatively say that wall street is comprised predominantly, I’d estimate 90%, of psycho/sociopathic personalities), is still decidedly and pathetically vis-à-vis the rest of the ‘go along to get along’ world, criminally insane wall street. { The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal } It should be obvious by now, particularly with the advent of ubiquitous, lightning fast programmed computerization, that the markets are fraudulently manipulated in a bigger way now than ever; and, not without great cost ultimately to muppets / taxpayers like you, whether in the markets or not.They do it for the money; and, sick as they are, to be screwin’ at least someone all of the time which perversely gives them pleasure! ] This is an especially great opportunity to sell / take profits with stocks floating on air in contraindicated ‘Weimar dollar bubble rally’ as preceded last crash. Suckers’ rally into the close off lows and in shades of the dot com bubble with Apple the fraudulent stock market’s one-trick pony (‘in play’, pricey, big weighting and big bang for the market buck, and compared to what). Competition will ultimately (no real breakthroughs on horizon) take a big bite out of the Apple, which along with price targets is way over valued (currently being manipulated to the upside by the ‘muppet masters’ given the 20% weighting for maximum fraudulent effect). I say this despite liking Apple. They’re loving Apple to death on fraudulent wall street which is a testament to the pathetic state of american and world technology which is horrendous. As my first computer (Apple IIc, 1986) I’m glad they survived but they’re way, way over-valued. Aside from the IPAD (at best and even that’s a stretch, and past history at that), there’s really nothing there, which is a testament to the stupidity of american consumers particularly. Wake up! What total frauds! 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm , **Guest Post: Money from Nothing - A Primer on Fake Wealth Creation and its Implications (Part 2) ZeroHedge.com 3-14-12 ‘Only in a debt-based money system could debt be curiously cast as an asset. We’ve made “extend and pretend” a quaint phrase for a burgeoning market for financial lying and profiteering aimed toward preventing the collapse of a debt- (or lack-) based system that was already doomed by its initial design to collapse.’ Election year temp jobs, trade deficit up, GDP projection down, business inventories miss, manipulations, obfuscations…** Dave’s Daily: http://www.etfdigest.com STOCK RALLY FADES WITH CDS ISSUE 3-9-12 [ Dave astutely points out: “Jobless Claims Thursday were weaker than expected (362K vs 351K expected and prior revised higher to 354K). Did you know that prior weekly Jobless Claims data has been revised higher 100% of the time over the past two years? How does that happen this consistently?” – Which I refer to as the ‘data ponzi scheme’ wherein new fake data is used to buoy markets as prior reported fake data is reconciled closer to reality. 3-15-12 Yes, and again, prior week revised up . ] Does China's Forex Policy Beggar Its Neighbors? The Wall Street Journal [ Are you sure the author didn’t mean ‘bugger its neighbors’? Sounds like it; but, it’s really all about cost structures which are far less in China which is the primary reason for China’s export success. Manipulation of currencies is an artifice that the west will ultimately prove does not work at all (all that over-printing / creating of fiat Weimar paper currencies is a time-tested loser).]Rumor planted by fed of QE3 light spurs rally, not the fake, uneconomic jobs estimate from jersey adp for election year spin purposes which only fools believe. How desperate and pathetic! For those who think this money-printing out of thin air is without cost, you’re in for a worse than rude awakening. The global markets have become a joke! This is a ‘full press’ as in ‘fiat paper printing presses in overdrive’ debased Weimar dollars / currencies that will end quite badly so take this opportunity to take profits while you can. The manipulated, contrived, and fake data has all been unaffordably ‘electioneared’ for ‘electionyeared’ spin and propaganda. Don’t be their fool! The full moon previously helped keep the contraindicated lunatics’ huge suckers’ rally going with across the board media et als complicity (infra). But not quite … reality (will) catch(es) up … you know the drill … typical suckers’ surge into the close off lows, etc.. Today’s data looked pretty bad to me, even with the manipulations/spin otherwise, ie., Durable goods orders drop by most in 3 years AP , etc.. Then there was previously the manipulated revision to make this month’s distressed, foreclosure sales (backlog) look better. Total scam! This will all end quite badly and is much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles. { http://albertpeia.com/todaysbusinesssummarylinks.htm - today’s business summary links only, by day – scroll down as well for today’s links and for more complete context – Encouraged and recommended! } This global suckers’ rally is based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare (which is being injected sub rosa, see infra), bad news, fraud, bs, and desperation alone, as suckers’ rallies ushered in the new year in a most preposterous fashion [Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’ for the superstitious so-called ‘January effect’ based on based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, bs, and desperation alone to suck suckers in and keep suckers sucked in! Don’t be their fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s using the up moves to reduce risk assets / stocks / exposure, in other words, he’s selling the rallies which is sound advice [3-12-12: I’ve previously recommended this business report; but, like everything in america, it’s gotten so bad as in the first 30 minutes I calculated approximately 6 minutes of business report and the balance predominantly advertising and some cbs network stuff before I had to turn it off – I might listen again in a year, if at all. Terrible! ]. The fundamentals/realities, current and prospective, are worse than ever. There are no systems/formulas for these unprecedentedly dire times. Don’t be their sucker! This is an especially great opportunity to sell / take profits because there’s much, much worse to come! Here’s a simple chart of the Dow’s history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als.] with lingering intoxication an explanation as the printing presses and issuance of worthless insurmountable debt paper are in full throttle globally (a testament to global blindness as the blind follow the blind) making this impending disaster at this time an especially great opportunity to sell / take profits because there’s much, much worse to come! jersey-lautenberg based adp with 100% better than expectations private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce department data? Labor dept. ue claims / ue numbers? Only a fool believes what they say! ( After One Month Respite, Pink Slips Are Flying Again Durden , Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Durden on 01/06/2012 .. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg , ) The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , ‘…technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57…’ , The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm Why earnings will continue to decline MarketWatch , 10 Things That Every American Should Know About The Federal Reserve Eco.Coll.Blog http://albertpeia.com/10thingsmustknowaboutfedreserve.htm #1 The Federal Reserve System Is A Privately Owned Banking Cartel #2 The Federal Reserve System Is A Perpetual Debt Machine #3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar #4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability #5 The Federal Reserve Is Paying Banks Not To Lend Money #6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging #7 The Federal Reserve System Is Dominated By The Big Wall Street Banks #8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913 #9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence #10 The Federal Reserve Has Become Way Too Powerful , A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm Any financial system that is based on debt is doomed to fail. Today, we are living in the greatest debt bubble that the world has ever seen … , Despite Two Thirds Of Components Declining, Empire Fed Prints At Highest Since June 2010 ZeroHedge | Chalk this one to “seasonal adjustments” or something, cause we no longer have any clue what is going on with the data fudging in America. , 20 Signs You Might Be A Typical American Worker http://albertpeia.com/20signsoftypicalamericanworker.htm , 10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm , 8 Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default http://albertpeia.com/8reasonsgreekdebtdefaultstillcoming.htm , 55 Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm ‘How is the U.S. economy doing in 2012? Unfortunately, it is not doing nearly as well as the mainstream media would have you believe. Yes, things have stabilized for the moment but this bubble of false hope will not last for long. The long-term trends that are ripping our economy and our financial system to shreds continue unabated. When you step back and look at the broader picture, it is hard to deny that we are in really bad shape and that things are rapidly getting worse. Later on in this article you will find a list of interesting facts that show the true state of the U.S. economy… , http://albertpeia.com/debtpercapita.jpg , Double-dip recession setting in across eurozone: EU Thomson | AFP , America 1950 vs. America 2012 http://albertpeia.com/downhillslideofamerica.htm , Society’s Five Stages of Economic Collapse http://albertpeia.com/5stagesofcollapse.htm David Meyer shtfplan.com March 1, 2012 , No Housing Recovery - Case Shiller Shows 8th Consecutive Month Of House Price Declines Durden 2-28-12 Little that can be added here. The December Case Shiller came, saw, and shut up all those who keep calling for a home price recovery. The Index printed at 136.71 on expectations of 137.11, with the prior revised to 138.24. The top 20 City composite was down -0.5% on expectations of a 0.35% drop. 18 out of 20 MSAs saw monthly declines in December over November… , Goldman: Germany Is Now On The Hook By €1 Trillion (Or 40% Of GDP) Durden, , 20 Economic Statistics To Use To Wake Sheeple Up From Their Entertainment-Induced Comas http://albertpeia.com/20ecostatstowakesheeple.htm , Central bank balance sheet expansion since end 2007 Mar 1st, 2012 by News (ZeroHedge) — SNB +230%; Fed +222%, BOJ +125%, BOE +87%, PBOC +93%, ECB +51%. USA Gold / PG View: Pretty strong evidence that the rally in bonds — and by extension the rally in stocks — is nothing but a charade. , 10.7 Percent: Unemployment In Europe Is Worse Than It Was At The Peak Of The Last Recession http://albertpeia.com/europeunemploymentworsethanrecession.htm The unemployment rate in the eurozone is now 10.7 percent. That is the highest the unemployment rate has been since the introduction of the euro. The unemployment rate in the eurozone never got any higher than 10.2 percent during the last recession. This is very troubling news. It was just recently announced that the eurozone has entered another recession, and already the unemployment rate is hitting new record highs… , Inflation Is A Tax And The Federal Reserve Is Taxing The Living Daylights Out Of Us http://albertpeia.com/inflationisatax.htm , Guest Post: Cause, Effects & The Fallacy Of A Return To Normalcy Durden 3-6-12, Market Takes First Big Loss Of 2012 As Investors Eye Greek Debt Swap Forbes , 15 Potentially Massive Threats To The U.S. Economy Over The Next 12 Months http://albertpeia.com/15massivethreatstoeconomy.htm , 1 Through 30 – The Coming U.S. Financial Crisis By The Numbers http://albertpeia.com/1-30usfinancialcrisiscoming.htm , Gallup Finds February US Unemployment Jumps Most Since 2010, Third Consecutive Monthly Increase Durden 3-8-12 , Initial Claims Miss Expectations, Rise For Third Consecutive Week For First Time Since August 2010 Durden 3-8-12 , Greece Has Defaulted - Which Country In Europe Is Next? http://albertpeia.com/greecehasdefaultedwhonext.htm , Five Charts That Prove We’re in a Depression and That the Federal Reserve and Washington Are Wasting Money March 12, 2012 By gpc1981 http://albertpeia.com/usindepressionfedandgovwastingmoney.htm , Broken Promises: Pensions All Over America Are Being Savagely Cut Or Are Vanishing Completely .. this exact scenario is playing out from coast to coast and in the years ahead millions of elderly Americans are going to be affected by broken promises and vanishing pensions.. http://albertpeia.com/uspensionscutorvanishing.htm , America Is Being Transformed From A Wealthy Nation Into A Poor Nation At Breathtaking Speed America is losing wealth far faster than any other nation on earth is. http://albertpeia.com/ustransformedfromwealthytopoor.htm , As US Rakes Largest Monthly Deficit In History, 2012 Tax Revenues Net Of Refunds Trail 2011 Durden 3-12-12 , Guest Post: The Audacity of Bonuses At MF Global Durden 3-12-12 In the spirit of George Orwell’s Animal Farm commandment: “all animals are equal, but some animals are more equal then others” comes the galling news that bankruptcy trustee, Louis Freeh, could approve the defunct, MF Global to pay bonuses to certain senior executives. This, despite the fact that nearly $1.6 billion of customer funds remains “missing” or otherwise partially accounted for, yet beyond the reach of those customers, perhaps forever, since before the firm declared bankruptcy on October 31, 2011... , 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm , S&P Says Improbable Any Economic Improvement Would Bring Back AAA US Rating Durden 3-15-12 Sigh: S&P says that it is impossible that any economic improvement would bring back the AAA rating US deficit progress is needed. *Outlook remains negative.- And what do stocks do on latest S&P report that America is broke? Why they surge of course.... , The U.S. Economy: Soul Crushing Total System Failure http://albertpeia.com/ustotalsystemfailure.htm , Kass: The Market Is Overvalued at TheStreet By Doug Kass { Yes, this is true; but, he’s still too optimistic in that he doesn’t point out that the election year manipulations / obfuscations will cause things to end far worse than his anticipation. } , An Open Letter to All Presidential Candidates March 19, 2012 By gpc1981 http://albertpeia.com/grahamsummerswarnings.htm , Ben Bernanke Tries To Convince America That The Federal Reserve Is Good And The Gold Standard Is Bad http://albertpeia.com/benbsshalombernankesellsfedpansgoldstandard.htm [ greenspan and now bernanke are incompetent and total failures creating and exacerbating current and prospective conditions for the sake of fraudulent wall street at everyone else’s expense! ] , 10 Signs That America Is On The Verge Of A Horrible Municipal Debt Crisis http://albertpeia.com/americanmunicipaldebtcrisis.htm , Bursting The Permabullish Bubble: 11 Out Of 13 Economic Indicators Have Missed Durden 3-22-12 , Corzine Corzined - Congressional Panel Finds Former MF Global CEO Ordered JPM Fund Transfer Durden 3-23-12 [ ‘Jon S. Corzine, MF Global Holding Ltd.’s chief executive officer, gave “direct instructions” to transfer $200 million from a customer fund account to meet an overdraft in one of the brokerage’s JPMorgan Chase & Co. accounts in London, according to an e-mail sent by a firm executive. Edith O’Brien, a treasurer for the firm, said…’] , TBTF Get TBTFer: Top 5 Banks Hold 95.7%, Or $221 Trillion, Of Outstanding Derivatives Durden 3-26-12 , 10 Reasons Why The Reign Of The Dollar As The World Reserve Currency Is About To Come To An End http://albertpeia.com/10reasonsdollarreservecurrencyending.htm , Dave’s Daily: http://www.etfdigest.com BERNANKE IN ABC MODE ON ABC 3-27-12 ‘Sure, it’s one of my favorite movie scenes and I couldn’t resist it. The Fed is in full campaign mode as great as Obama and his GOP rivals. When stock prices seem in doubt the Fed is ready to launch more assurances accommodation (money printing) will be available. Monday’s rally was typical as we head toward the end of the quarter. Hedge fund performance fees are on the line and any way to boost these profits is job one. Top holdings for hedge funds include the usual suspects: AAPL, IBM, INTC, BAC, DIS, HD etc. With little volume it’s easy for algos and hedge funds to prop stocks on little hard news. Tuesday we briefly saw more of this. Just as markets were weakening a story appeared using the Fed’s favorite oracle, the WSJ, as Fed governor Rosengren stated, “more stimulus is on the table”. Immediately HFT algos jumped and markets rose if only briefly.On its face, the Fed wants higher stock prices to boost confidence in the economy. However from a practical view all they’ve succeeded in doing from my perspective is debasing the dollar creating inflation. The latter will be a problem for the next administration and even the current generation. It’s an all about “now” market in a politically charged year… , Bernanke Claims That The Fed Has Averted A Second Great Depression By Bailing Out The Too Big To Fail Banks http://albertpeia.com/weareinsecondgreatdepression.htm [ To the contrary, because of his policies and particularly the bailouts which facilitated consummation of and even greater frauds, the real economy, the nation, taxpayers will suffer a more severe fate than even that obfuscated by bad policy in this election-year expedience! ‘… When the last financial crisis began, the U.S. national debt was about 10 trillion dollars. Today, it has risen to 15.5 trillion dollars. So Bernanke did not fix anything. The best that can be said is that he kicked the can down the road a little bit and made our long-term financial problems a lot worse at the same time. Bernanke can create money out of thin air and loan it to his friends all he wants, but he is not going to be able to prevent this house of cards from crashing down…’ . He’s as much a fraud and incompetent bozo as ‘his buds who put him there’ for their purpose / benefit. The guy’s a dope http://albertpeia.com/30bunglebenbernankequotes.htm , a fool which fact is lost on no one vis-à-vis the debased Weimar dollar http://albertpeia.com/10reasonsdollarreservecurrencyending.htm , who’s delusional http://albertpeia.com/bunglerbenfedfedsfailure.htm . He’s a total fraud! ] , 20 Signs That We Are Witnessing The Complete Collapse Of Common Sense In America http://albertpeia.com/americasdevolutionintomadness.htm http://albertpeia.com/bobobamathetraitor.htm , A View on Inflation & Keynesian Talking Points : CrownThomas : 03/29/2012 The ponzi will fail, and the economy will reset - the only question is when. http://albertpeia.com/fedponzifails.htm , Charles Hugh Smith On The Phony "Economic Recovery," Stress and "Losing It" Durden 3-30-12, Everything Is Going To Be Alright? http://albertpeia.com/everythingsnotalright.htm , ‘Massive Wealth Destruction’ Is About to Hit Investors: Faber http://albertpeia.com/massivewealthdestructionabouttohit.htm CNBC.com | Runaway government debts have triggered uncontrolled money printing that in turn will lead to inflation.. , The 15 Trillion Dollar Party http://albertpeia.com/bankruptamericadestroyingthefuture.htm { WALL STREET IS SO FRAUDULENTLY BEYOND THE PALE; FOR THERE IS NO QUESTION BUT THAT THEY BELONG IN JAIL! } , RICHARD RUSSELL: A Massive Stock Market Collapse Will Wipe Out 60 Years Of Inflation And Leveraging Business Insider , Graham Summers’ Weekly Market Forecast (Europe on the Verge Edition) 4-2-12 http://albertpeia.com/euontheverge.htm ,

45 Signs That America Will Soon Be A Nation With A Very Tiny Elite And The Rest Of Us Will Be Poor http://albertpeia.com/45signsamericatinyelitemajoritypoor.htm ‘The middle class is being systematically wiped out of existence in the United States today. America is a nation with a very tiny elite that is rapidly becoming increasingly wealthy while everyone else is becoming poorer , Dave’s Daily: http://www.etfdigest.com FED DISAPPOINTS BULLS 4-3-12 { My first computer was an AppleIIc in 1986 and I’m glad they survived, having faced extinction. I’m happy for them. But, realistically, there just aren’t that many computer unsaavy people dumb enough to continue to pay premiums (overpay) for less than premium products/utility (that’s no endorsement for pathetic pc’s, etc.) – I’ve conceded the IPAD breakthrough to their credit but even that’s going to be facing competition; and, tv? That’s always been a tough road to hoe for whomever, though I wish them luck, though more than luck’s required! Apple just provides the frauds on wall street with a hopium story to jazz the HFT algos, suck suckers in, and churn and earn! } ‘Fed minutes were released at 2 PM and disappointed those bulls looking for more QE and/or stimulus. Not finding any, they sold. But in the last half hour of trading, dip buyers were once again present halving the losses from the announcement. Those “stick saves’ are something to behold!Factory Orders (1.3% vs 1.5% exp & prior -1.00%) were positive but a mild disappointment overall.The dollar (UUP) rallied on the lack of further stimulus; bonds (IEF & TLT) were weak as were commodities (USO, GLD & DBC).Stocks fell sharply, then as indicated, recovered led higher by…wait for it, Apple (AAPL) as an analyst from Topeka Securities (seriously?) raised the stock’s price forecast to $1,000 within 12 months. (It echoes of Qualcomm predictions circa 1999 but Apple may be a different case, right?) If the stock were to rise anything like that, imagine the current weighting effect it would have on indices like the NASDAQ 100 (QQQ) and SPDR Technology ETF (XLK). Anyway, the shares rose an additional $10 once again masking underlying overall market weakness…’ , The Fed’s Latest Announcement: “The Easy Money Spigot is Being Turned Off…”April 3, 2012 By gpc1981 , Man Vs Machine: How Each Sees The Stock Market Durden 4-3-12 , Guest Post: Gold's Critical Metric , Guest Post: Global Oil Risks in the Early 21st Century , "The Broken Window Fallacy": Why Government Stimulus Spending Will Keep The Unemployment Rate High , Putting It All Into Perspective ,

FOMC Saw No Needs To Ease Unless Growth Slows

Durden

So much for the Hatzius and Hilsenrath prognostications. Headlines coming in:

FOMC SAW NO NEED TO EASE ANEW UNLESS GROWTH SLOWS, MINUTES SHOW

MOST FOMC PARTICIPANTS SAW `LITTLE EVIDENCE OF COST PRESSURES

FOMC PARTICIPANTS SAID LABOR MARKET CONDITIONS HAD IMPROVED

MOST FOMC PARTICIPANTS EXPECTED INFLATION RATE AT 2% OR LESS

MANY FOMC PARTICIPANTS SAW `EASED' STRAINS IN GLOBAL MARKETS

MOST ON FOMC SAW TEMPORARY IMPACT FROM RISING OIL, GAS PRICES

FOMC SAID SIGNIFICANT OUTLOOK CHANGE COULD ALTER 2014 RATE PLAN

Apparently $4 gas has an impact. ,

Guest Post: Four Signs Of Asia’s Rise Over The West , The 2013 Fiscal Logjam Durden With the political season heating up, and tax season upon us, we thought it worthwhile drilling into exactly how painful the potential pre-programmed fiscal tightening in 2013 is likely to be. As Credit Suisse notes, "it ain't over til its over" as the suspicion is that a lame duck session of Congress will forestall some of the tightening but until Congress acts, the economy is still technically in a collision course with the largest fiscal hit in modern times. , Guest Post: You Ain't Seen Nothing Yet - Part Two Durden Anyone who hasn’t sensed a mood change in this country since the 2008 financial meltdown is either ignorant or in denial. Millions of Americans fall into one of these categories, but many people realize something has changed – and not for the better. The sense of pure financial panic that existed during September and October of 2008 had not been seen since the dark days of 1929. Our leaders used the initial terror and fear to ram through TARP and stimulus packages that rewarded the perpetrators of the financial collapse rather than helping the middle class who lost 8 million jobs, destroyed by Wall Street criminality. The stock market plunged by 57% from its 2007 high by March 2009. What has happened since September 2008 has set the stage for the next downward leg in this Crisis. The rich and powerful have pulled out all the stops and saved themselves at the expense of the many. Despite overwhelming proof of unabashed mortgage fraud, rating agency bribery, document forgery on a grand scale and insider trading based on non-public information, the brazen audacity of Wall Street oligarchs is reminiscent of the late stages of the Roman Empire.

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

ECB leaves key interest rate unchangedThe ECB chief is expected to underline the central bank’s ability to withdraw massive bank loans when the time comes. (Washington Post) [ It’s truly difficult to read prudent, rational strategy into anything these central banks do, particularly bernanke’s (and before him greenspun’s) federal reserve; especially when you weigh the consequences of their wall street oriented (QE’s, etc.) misguided policies. Bernanke Claims That The Fed Has Averted A Second Great Depression By Bailing Out The Too Big To Fail Banks http://theeconomiccollapseblog.com http://albertpeia.com/weareinsecondgreatdepression.htm

[ To the contrary, because of his policies and particularly the bailouts which facilitated consummation of and even greater frauds, the real economy, the nation, taxpayers will suffer a more severe fate than even that obfuscated by bad policy in this election-year expedience! ‘… When the last financial crisis began, the U.S. national debt was about 10 trillion dollars. Today, it has risen to 15.5 trillion dollars. So Bernanke did not fix anything. The best that can be said is that he kicked the can down the road a little bit and made our long-term financial problems a lot worse at the same time. Bernanke can create money out of thin air and loan it to his friends all he wants, but he is not going to be able to prevent this house of cards from crashing down…’ . He’s as much a fraud and incompetent bozo as ‘his buds who put him there’ for their purpose / benefit. The guy’s a dope http://albertpeia.com/30bunglebenbernankequotes.htm , a fool which fact is lost on no one vis-à-vis the debased Weimar dollar http://albertpeia.com/10reasonsdollarreservecurrencyending.htm , who’s delusional http://albertpeia.com/bunglerbenfedfedsfailure.htm . He’s a total fraud! ]

Graham Summers’ Weekly Market Forecast (Europe on the Verge Edition)

April 2, 2012 By gpc1981 http://albertpeia.com/euontheverge.htm

‘Things are once again deteriorating in Europe at a rapid pace. The ten-year Italian bond is right back to where it was before LTRO 2 (just one month ago).

This is the end result of central bank intervention in the markets: the impact of each new intervention diminishes as the markets become ever more reliant on more stimulus/ intervention.

With that in mind, European financials are once again flashing danger signals:

When we take this line out, the next round of the European banking crisis will have begun. Speaking of which, both Italy and Spain’s markets are on the verge of a breakdown:

Watch those lines, when we take them out the next collapse is here.

In the US, the S&P 500 continues to cling tenaciously to the 1,400 level based largely on overblown earnings expectations (take our Apple’s results and the picture is not especially pretty) as well as the fact that investors ironically tend to get more bullish as stocks rise. And we’ve just staged on heck of a rise.

On that note, we’re forming a very dangerous looking rising bearish wedge:

If we break the lower trendline here we’re going down hard.

Indeed, we are facing a confluence of negative factors regarding Europe (political, monetary, fundamental, and technical) that indicate BIG TROUBLE could be hitting the markets in May-June. If you’re looking for actionable investment strategies on how to play these themes in the markets I suggest checking out my Private Wealth Advisory newsletter…’

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Dallas tornadoes injure more than a dozen (1:22) (Washington Post) [ One writer thinks there’s something to this pounding of the nation’s mid-section.

Why Is The Heartland Of America Being Ripped To Shreds By Gigantic Tornadoes That Are Becoming More Frequent And More Powerful?

http://theeconomiccollapseblog.com

http://albertpeia.com/tornadoestothemidsection.htm

‘What in the world is going on in the heartland of America? Spring has barely even begun and we are seeing communities all over America being ripped to shreds by gigantic tornadoes. A lot of meteorologists claimed that the nightmarish tornado season of 2011 was an "anomaly", but 2012 is shaping up to be just as bad or even worse. These tornado outbreaks just seem to keep getting more frequent and more powerful. For example, several "supercell" tornadoes ripped across the Dallas-Fort Worth metro area on Tuesday. People all over America were absolutely horrified as they watched footage of these tornadoes toss around tractor trailers as if they were toy trucks. Personally, I have never seen a tractor trailer tossed 100 feet into the sky before. This is not normal. CBS 11 meteorologist Larry Mowry told his viewers that one of these torandoes was "as serious of a tornado we've seen in years". So why is this happening? Why is the heartland of America being ripped to shreds by gigantic tornadoes that are becoming more frequent and more powerful?

Up to this point in 2012, at least 57 people have been killed by tornadoes across the country. Thousands more have been injured and countless homes have been reduced to splinters. In fact, there have been a couple of small towns that have been essentially wiped off the map by giant tornadoes.

What we are witnessing is not normal. Prior to the horrific tornadoes that we saw on Tuesday, there had been 326 tornadoes in the United States so far in 2011. That is about twice as many as usual for this time of the year.

Overall, the United States only sees about 1,200 tornadoes for the entire year usually. The busiest time of the year for tornadoes is still a way off, and we are on pace for a truly historic year.

But it is not just the number of tornadoes that is the problem. Many of these tornadoes are immensely powerful. The following is how the local CBS affiliate described the damage done by the recent tornadoes in Texas....

Multiple tornadoes threw tractor-trailers in the air, ripped the roof off an elementary school, leveled houses and shut down airline traffic out of Dallas-Fort Worth International Airport as one of the worst storms in years hit North Texas Tuesday.

Baseball-sized hail punched holes through car roofs, and a Red Cross spokeswoman warned the breadth of the destruction may not be cleared until well into Wednesday. The mayors of Arlington and Lancaster declared a state of disaster following the storm strike.

There were even reports of massive "debris balls" in Dallas, Ellis, Johnson and Tarrant counties. These tornadoes picked up huge amounts of debris into the air that were just carried along by the storms. That must have been an absolutely horrifying sight to behold.

A lot of jaw-dropping footage from these tornadoes has already been posted on the Internet. For example, the following video shows tractor trailers being tossed about like rag dolls....

Have you ever seen anything like that before in your life?

I know that I haven't.

Look, one bad year can be dismissed as a coincidence.

But two historically bad years in a row?

Many would call that a trend.

Last year, America experienced one of the worst tornado seasons of all time. Many Americans will never, ever forget the devastation caused by the tornadoes of 2011.

For example, National Geographic reported that a gigantic F5 tornado that ripped through the Tuscaloosa, Alabama area had winds of up to 260 miles an hour. If you drive through Tuscaloosa today you can see that they are still trying to recover.

And Joplin, Missouri may never be the same again after what happened to that city last year. The gigantic tornado that ripped through Joplin was called by some the deadliest single tornado in more than 60 years.

That mammoth tornado ripped a path of destruction through Joplin that was more than a mile wide and more than 6 miles long. You can see some amazing before and after photographs of Joplin right here.

But people don't think about what happened to Joplin much anymore because there have been so many other horrific disasters since then.

Overall, 2011 was the worst year for natural disasters in U.S. history.

Many were hoping that there would be a return to normalcy in 2012.

Unfortunately, that simply is not happening.

In 2012, we have already seen one of the worst tornado outbreaks ever recorded in the month of March in all of American history. A couple of small towns in Indiana were virtually completely wiped out by that outbreak.

Sadly, what we have already seen in Indiana and Texas may just be the warm up act.

The truth is that usually May is the worst month for tornadoes in the United States.

So how bad are things going to get this year?

How many other communities across the nation are going to be absolutely ripped to shreds before tornado season is over this year?

In 2009, there were 1146 tornadoes in the United States.

In 2010, there were 1282 tornadoes in the United States.

In 2011, there were 1691 tornadoes in the United States.

In 2012, we are on pace to far exceed the total we saw in 2011.

So would could be causing all of this?

Do you think that you have a theory that explains these tornadoes?

Please feel free to post a comment with your thoughts below....

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

NBC apologizes for editing call between Zimmerman and police dispatcher OPINION | “Today” inaccurately abridged conversation involving man who shot Trayvon Martin. ‘Apology NOT accepted!’ (Washington Post) [ And that’s not all! ABC requested and got an enhanced video which revealed the wounds to the back of Zimmerman’s head consistent with Zimmerman’s version of the incident, as well as that of the independent eye-witness. Boy, that’s a desperate network! But, what can you expect from a northeastern/new york/new jersey/connecticut dominated network that caters to the regions ‘power brokers’; ie., mob(s), blacks, jews, italians, government mob, etc.; whatever gives them ratings support/clout in their region. They even have celebrity mobster apprentices as their reality show fare. SNL is their only exception which doesn’t pretend or purport to be anything but comedy.

Pat Buchanan’s terrible Trayvon Martin rant (Washington Post) [ Hardly! Mr. Buchanan is invariably rational, with factual support for every significant point made. Unfortunately, Mr. King is just another black man who just can’t stand up to the cold hard facts and stats; but rather, somewhat pathetically, relies upon that ‘poor downtrodden black man defense’ devoid of any logic or factual basis whatsoever. Moreover, people have grown weary of that same old song of excuses for the black man which song is the same no matter where worldwide; that perpetual ‘film noir’ that ‘political correctness’ which reality makes now unaffordable globally, precludes real solutions consonant with the factual basis that blacks would love to overlook or ignore.

Fear and blood in Florida We all want justice for Trayvon Martin, but we should await all the facts before we convict. (Washington Post) [ Facts indeed! Most who are closest to this say based on the facts he got justice by way of self-defense. How about justice for those consistent (based on violent crime stats) the ubiquitous reality that whites are unequivocally victimized by hooded blacks. The numbers are overwhelming and outrageous. That’s reality! What’s really almost laughable if not so tragic are the masochistic, self-destructive, white-skinned dinosaurs protesting, marching despite reality.

Rise in homicides after ‘Stand Your Ground’ Editorial Board (Washington Post) [ Oh come on! You obviously don’t get out much. There has been a rise in homicides, and crime generally, regardless of the reported so-called stats and regardless of ‘stand your ground law’. Wake up! The nation is decomposing before your very eyes. That’s the fact jack! That’s reality! 10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm , USA #1? 40 Embarrassing Things That America Is The Best In The World At http://albertpeia.com/40badthingsusabest.htm

`PARENTS OF MURDERED WHITE STUDENTS SLAM OBAMA FOR SILENCE`

[ Well`, they’re just white folk, not blacks like`obama`et`als`. Moreover, there would be no end to the limitless requests as ‘black on white violent crime’ is at epidemic levels and by far exceeds the miniscule proportions of white on black crime. http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm ,`http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm , `http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]`

From Drudgereport with my comments: 3-30-12 Hoodie-Wearing niggers Kill 1, Wound 5 in Congressman's District... http://albertpeia.com/hoodedblackviolenceinchitown.htm [13 shot, 2 dead in Chicago in six hours Thursday night ]
'There were young men scattered everywhere'... [Drudgereport: Black Panthers offer $10,000 bounty for 'capture' of Trayvon Martin's killer … [ who do these blacks think they are? ] Take a look at this black who kills a white man during robbery, without any provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm

, http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]

From Drudgereport with my comments: 3-30-12Hoodie-Wearing niggers Kill 1, Wound 5 in Congressman's District... http://albertpeia.com/hoodedblackviolenceinchitown.htm [ 13 shot, 2 dead in Chicago in six hours Thursday night ]
'There were young men scattered everywhere'... [ http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm ,http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm , http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]

Buchanan: It's all about race now...
NAACP condemns nigger apeman sharpton's call for escalation in civil disobedience...
Talkradio host calls for arrest and removal from MSNBC...
Detroit Preacher: 'Isn't The Mood In This Nation That White People Are Better Than Black? [ That’s not the mood, that’s reality; the plain, raw, unvarnished truth! And, not just whites; viz., Asians, Hispanics, real American Indians, etc., and most feral beasts except dogs are better than blacks who are at best their equals, though some dog owners/lovers may dispute that. Niggers are a scourge on civilized society wherever they are. Just look around, worldwide, wherever they are, in concentrations particularly; it’s the same nigger story. That’s the way they are. That’s what they are. They are a blight on any neighborhood. They are a blight on any society and an insurmountable burden. They bring any society down. Some will argue, how ‘bout sports?, to which one may reply, ie., just because you go to horse races, doesn’t mean you want to live with horses, or, just because you have monkeys in zoos doesn’t mean you want to live with them, etc., much less cede control and affect over society to them. ] '

NOONAN: HE'S BECOMING 'CREEPY'...
Suffers 'worst week' of presidency...
Dem donors ignore plea for cash...
STUDENTS SOUR...
GE Immelt insists he's NOT pulling for Romney...

SHOCK POLL: Afghan war support DOWN TO 25%...

Lancaster computer shop shooting suspect identified | abc7.com

http://abclocal.go.com/kabc/story?section=news/local/los_angeles&id=8594147

The suspect was identified as 24-year-old Timothy Johnson, described as being 6 feet 2 inches tall, weighing about 170 pounds with a dark complexion (negro-black) and a closely shaved head.

Detectives say Johnson reportedly entered eChaps Computers and More at 2007 W. Avenue K on Friday, shot and killed store owner Reed Lewis Keith and left with stolen electronics in hand.

Wearing hoodie, Rush escorted from House floor (Washington Post) [ Hold onto your purses female members, there’s a black boy wearing a hoodie in the house. [ .. (the following incident is my personal experience: black perps, white victims)‘.. while walking through Military Park 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 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 (included on my website in the Psychology forum discussion of ‘bystander effect’ / diffusion of responsibility. ) - Having had occasion to have run down a mugger in newark, n.j. who apparently had followed a girl from the bank on her way to the bursar to pay tuition, though in pretty good shape, I was astounded by how totally exhausting such a pursuit was, how much like rubber my arms were when I traded punches with the perpetrator, and truth be told, if I had a flashlight on my belt, I have little doubt that I would have probably used it to subdue the perp (a police officer here in California was the object of intense criticism for having used a flashlight to subdue a criminal after a long chase) . The girl was not that seriously injured, did get her pocketbook and tuition back, and the criminal went to jail (where they belong). The other thing about such a pursuit that amazed me was that no one else assisted the girl or me despite being in a position to do so. I was also mugged by 4 blacks and 2 hispanics in an incident here in Los Angeles, CA. But, to be fair and balanced, the RICO litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf (predominantly but not exclusively jews / romans-italians / mobsters / government slugs). ]

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Foreclosure reforms for banks, firms to widen Officials who completed a $25 billion settlement with large banks over foreclosure practices have begun discussing how to apply terms of that deal to other financial firms. Foreclosures around the country Foreclosures give rise to a new industry (Washington Post) [ Well, there you go! A whole new industry is borne! The foreclosure industry! Who said america wasn’t growing? The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ECRI Stays with Recession Call New American | The vicious cycle is starting where lower sales, lower production, lower employment and lower income [leads] back to lower sales…BOB ADELMANN New American 3-13-12 http://albertpeia.com/ecricallsrecession.htm , STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , 4-2-12 ‘Massive Wealth Destruction’ Is About to Hit Investors: Faber http://albertpeia.com/massivewealthdestructionabouttohit.htm , RICHARD RUSSELL: A Massive Stock Market Collapse Will Wipe Out 60 Years Of Inflation And Leveraging Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm , The 15 Trillion Dollar Party http://albertpeia.com/bankruptamericadestroyingthefuture.htm { WALL STREET IS SO FRAUDULENTLY BEYOND THE PALE; FOR THERE IS NO QUESTION BUT THAT THEY BELONG IN JAIL! } , Both The Market and Government Are Irrational Paul Craig Roberts | One of the great economic myths is that markets are rational. Not a day passes without this myth being disproved scores of times, but the myth persists. [ 3-30,29,28,-12 Familiar theme of suckers’ rally off lows to keep suckers sucked in and window dress another fraudulent quarter at national expense for wall street welfare. 3-26-12 As was so last pre-crash, particularly this election year of desperation, bernanke resorts to his ‘jaw-boning’ (another dog who made news called this ‘baffling them with bs’); yet, it’s fraudulent wall street that conditions ‘all’ to believe the easy money / over-printed created Weimar dollars, a clear negative (you’re paying for the wall street welfare; ie, gas, food, etc., prices { Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year. I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ } rallies those pieces of paper/computer entries via HFT algos programmed to go wild with such talk, making this a great opportunity to sell, take profits while you can, much worse to come! http://albertpeia.com/10reasonsdollarreservecurrencyending.htm , I’ve Never Seen a Confluence of Negative Factors Like This 3-24-12 http://gainspainscapital.com , DAVE FRY IS RIGHT ON THE MONEY HERE! Dave’s Daily: http://www.etfdigest.com BERNANKE IN ABC MODE ON ABC 3-27-12 ‘Sure, it’s one of my favorite movie scenes and I couldn’t resist it. The Fed is in full campaign mode as great as Obama and his GOP rivals. When stock prices seem in doubt the Fed is ready to launch more assurances accommodation (money printing) will be available. Monday’s rally was typical as we head toward the end of the quarter. Hedge fund performance fees are on the line and any way to boost these profits is job one. Top holdings for hedge funds include the usual suspects: AAPL, IBM, INTC, BAC, DIS, HD etc. With little volume it’s easy for algos and hedge funds to prop stocks on little hard news. Tuesday we briefly saw more of this. Just as markets were weakening a story appeared using the Fed’s favorite oracle, the WSJ, as Fed governor Rosengren stated, “more stimulus is on the table”. Immediately HFT algos jumped and markets rose if only briefly.On its face, the Fed wants higher stock prices to boost confidence in the economy. However from a practical view ALL THEY’VE SUCCEEDED IN DOING FROM MY PERSPECTIVE IS DEBASING THE DOLLAR CREATING INFLATION…’ , And 14 of 16 On Dallas Fed Miss 3-26-12 The Dallas Fed Manufacturing Outlook just came with its largest miss of expectations in 9 months - and biggest drop in 7 months.. A 10.8 print vs expectations of 17.0 dropped the index back to its lowest since December and keeps the 'good is good but bad is better' dream alive..’, Don’t be fooled by the money illusion MarketWatch | Rising prices are making some statistics look better than they really are. [ The ‘psychological factor’ has always been a component in the valuation of securities which valuations, good or ill, collectively give rise to the ‘markets’. The mythical part is the presumption of rationality accorded the ‘market-makers’ which, despite their glaring irrationality and propensity for fraud (I’d conservatively say that wall street is comprised predominantly, I’d estimate 90%, of psycho/sociopathic personalities), is still decidedly and pathetically vis-à-vis the rest of the ‘go along to get along’ world, criminally insane wall street. { The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal } It should be obvious by now, particularly with the advent of ubiquitous, lightning fast programmed computerization, that the markets are fraudulently manipulated in a bigger way now than ever; and, not without great cost ultimately to muppets / taxpayers like you, whether in the markets or not.They do it for the money; and, sick as they are, to be screwin’ at least someone all of the time which perversely gives them pleasure! ] This is an especially great opportunity to sell / take profits with stocks floating on air in contraindicated ‘Weimar dollar bubble rally’ as preceded last crash. Suckers’ rally into the close off lows and in shades of the dot com bubble with Apple the fraudulent stock market’s one-trick pony (‘in play’, pricey, big weighting and big bang for the market buck, and compared to what). Competition will ultimately (no real breakthroughs on horizon) take a big bite out of the Apple, which along with price targets is way over valued (currently being manipulated to the upside by the ‘muppet masters’ given the 20% weighting for maximum fraudulent effect). I say this despite liking Apple. They’re loving Apple to death on fraudulent wall street which is a testament to the pathetic state of american and world technology which is horrendous. As my first computer (Apple IIc, 1986) I’m glad they survived but they’re way, way over-valued. Aside from the IPAD (at best and even that’s a stretch, and past history at that), there’s really nothing there, which is a testament to the stupidity of american consumers particularly. Wake up! What total frauds! 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm , **Guest Post: Money from Nothing - A Primer on Fake Wealth Creation and its Implications (Part 2) ZeroHedge.com 3-14-12 ‘Only in a debt-based money system could debt be curiously cast as an asset. We’ve made “extend and pretend” a quaint phrase for a burgeoning market for financial lying and profiteering aimed toward preventing the collapse of a debt- (or lack-) based system that was already doomed by its initial design to collapse.’ Election year temp jobs, trade deficit up, GDP projection down, business inventories miss, manipulations, obfuscations…** Dave’s Daily: http://www.etfdigest.com STOCK RALLY FADES WITH CDS ISSUE 3-9-12 [ Dave astutely points out: “Jobless Claims Thursday were weaker than expected (362K vs 351K expected and prior revised higher to 354K). Did you know that prior weekly Jobless Claims data has been revised higher 100% of the time over the past two years? How does that happen this consistently?” – Which I refer to as the ‘data ponzi scheme’ wherein new fake data is used to buoy markets as prior reported fake data is reconciled closer to reality. 3-15-12 Yes, and again, prior week revised up . ] Does China's Forex Policy Beggar Its Neighbors? The Wall Street Journal [ Are you sure the author didn’t mean ‘bugger its neighbors’? Sounds like it; but, it’s really all about cost structures which are far less in China which is the primary reason for China’s export success. Manipulation of currencies is an artifice that the west will ultimately prove does not work at all (all that over-printing / creating of fiat Weimar paper currencies is a time-tested loser).]Rumor planted by fed of QE3 light spurs rally, not the fake, uneconomic jobs estimate from jersey adp for election year spin purposes which only fools believe. How desperate and pathetic! For those who think this money-printing out of thin air is without cost, you’re in for a worse than rude awakening. The global markets have become a joke! This is a ‘full press’ as in ‘fiat paper printing presses in overdrive’ debased Weimar dollars / currencies that will end quite badly so take this opportunity to take profits while you can. The manipulated, contrived, and fake data has all been unaffordably ‘electioneared’ for ‘electionyeared’ spin and propaganda. Don’t be their fool! The full moon previously helped keep the contraindicated lunatics’ huge suckers’ rally going with across the board media et als complicity (infra). But not quite … reality (will) catch(es) up … you know the drill … typical suckers’ surge into the close off lows, etc.. Today’s data looked pretty bad to me, even with the manipulations/spin otherwise, ie., Durable goods orders drop by most in 3 years AP , etc.. Then there was previously the manipulated revision to make this month’s distressed, foreclosure sales (backlog) look better. Total scam! This will all end quite badly and is much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles. { http://albertpeia.com/todaysbusinesssummarylinks.htm - today’s business summary links only, by day – scroll down as well for today’s links and for more complete context – Encouraged and recommended! } This global suckers’ rally is based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare (which is being injected sub rosa, see infra), bad news, fraud, bs, and desperation alone, as suckers’ rallies ushered in the new year in a most preposterous fashion [Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’ for the superstitious so-called ‘January effect’ based on based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, bs, and desperation alone to suck suckers in and keep suckers sucked in! Don’t be their fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s using the up moves to reduce risk assets / stocks / exposure, in other words, he’s selling the rallies which is sound advice [3-12-12: I’ve previously recommended this business report; but, like everything in america, it’s gotten so bad as in the first 30 minutes I calculated approximately 6 minutes of business report and the balance predominantly advertising and some cbs network stuff before I had to turn it off – I might listen again in a year, if at all. Terrible! ]. The fundamentals/realities, current and prospective, are worse than ever. There are no systems/formulas for these unprecedentedly dire times. Don’t be their sucker! This is an especially great opportunity to sell / take profits because there’s much, much worse to come! Here’s a simple chart of the Dow’s history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als.] with lingering intoxication an explanation as the printing presses and issuance of worthless insurmountable debt paper are in full throttle globally (a testament to global blindness as the blind follow the blind) making this impending disaster at this time an especially great opportunity to sell / take profits because there’s much, much worse to come! jersey-lautenberg based adp with 100% better than expectations private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce department data? Labor dept. ue claims / ue numbers? Only a fool believes what they say! ( After One Month Respite, Pink Slips Are Flying Again Durden , Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Durden on 01/06/2012 .. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg , ) The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , ‘…technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57…’ , The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm Why earnings will continue to decline MarketWatch , 10 Things That Every American Should Know About The Federal Reserve Eco.Coll.Blog http://albertpeia.com/10thingsmustknowaboutfedreserve.htm #1 The Federal Reserve System Is A Privately Owned Banking Cartel #2 The Federal Reserve System Is A Perpetual Debt Machine #3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar #4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability #5 The Federal Reserve Is Paying Banks Not To Lend Money #6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging #7 The Federal Reserve System Is Dominated By The Big Wall Street Banks #8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913 #9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence #10 The Federal Reserve Has Become Way Too Powerful , A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm Any financial system that is based on debt is doomed to fail. Today, we are living in the greatest debt bubble that the world has ever seen … , Despite Two Thirds Of Components Declining, Empire Fed Prints At Highest Since June 2010 ZeroHedge | Chalk this one to “seasonal adjustments” or something, cause we no longer have any clue what is going on with the data fudging in America. , 20 Signs You Might Be A Typical American Worker http://albertpeia.com/20signsoftypicalamericanworker.htm , 10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm , 8 Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default http://albertpeia.com/8reasonsgreekdebtdefaultstillcoming.htm , 55 Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm ‘How is the U.S. economy doing in 2012? Unfortunately, it is not doing nearly as well as the mainstream media would have you believe. Yes, things have stabilized for the moment but this bubble of false hope will not last for long. The long-term trends that are ripping our economy and our financial system to shreds continue unabated. When you step back and look at the broader picture, it is hard to deny that we are in really bad shape and that things are rapidly getting worse. Later on in this article you will find a list of interesting facts that show the true state of the U.S. economy… , http://albertpeia.com/debtpercapita.jpg , Double-dip recession setting in across eurozone: EU Thomson | AFP , America 1950 vs. America 2012 http://albertpeia.com/downhillslideofamerica.htm , Society’s Five Stages of Economic Collapse http://albertpeia.com/5stagesofcollapse.htm David Meyer shtfplan.com March 1, 2012 , No Housing Recovery - Case Shiller Shows 8th Consecutive Month Of House Price Declines Durden 2-28-12 Little that can be added here. The December Case Shiller came, saw, and shut up all those who keep calling for a home price recovery. The Index printed at 136.71 on expectations of 137.11, with the prior revised to 138.24. The top 20 City composite was down -0.5% on expectations of a 0.35% drop. 18 out of 20 MSAs saw monthly declines in December over November… , Goldman: Germany Is Now On The Hook By €1 Trillion (Or 40% Of GDP) Durden, , 20 Economic Statistics To Use To Wake Sheeple Up From Their Entertainment-Induced Comas http://albertpeia.com/20ecostatstowakesheeple.htm , Central bank balance sheet expansion since end 2007 Mar 1st, 2012 by News (ZeroHedge) — SNB +230%; Fed +222%, BOJ +125%, BOE +87%, PBOC +93%, ECB +51%. USA Gold / PG View: Pretty strong evidence that the rally in bonds — and by extension the rally in stocks — is nothing but a charade. , 10.7 Percent: Unemployment In Europe Is Worse Than It Was At The Peak Of The Last Recession http://albertpeia.com/europeunemploymentworsethanrecession.htm The unemployment rate in the eurozone is now 10.7 percent. That is the highest the unemployment rate has been since the introduction of the euro. The unemployment rate in the eurozone never got any higher than 10.2 percent during the last recession. This is very troubling news. It was just recently announced that the eurozone has entered another recession, and already the unemployment rate is hitting new record highs… , Inflation Is A Tax And The Federal Reserve Is Taxing The Living Daylights Out Of Us http://albertpeia.com/inflationisatax.htm , Guest Post: Cause, Effects & The Fallacy Of A Return To Normalcy Durden 3-6-12, Market Takes First Big Loss Of 2012 As Investors Eye Greek Debt Swap Forbes , 15 Potentially Massive Threats To The U.S. Economy Over The Next 12 Months http://albertpeia.com/15massivethreatstoeconomy.htm , 1 Through 30 – The Coming U.S. Financial Crisis By The Numbers http://albertpeia.com/1-30usfinancialcrisiscoming.htm , Gallup Finds February US Unemployment Jumps Most Since 2010, Third Consecutive Monthly Increase Durden 3-8-12 , Initial Claims Miss Expectations, Rise For Third Consecutive Week For First Time Since August 2010 Durden 3-8-12 , Greece Has Defaulted - Which Country In Europe Is Next? http://albertpeia.com/greecehasdefaultedwhonext.htm , Five Charts That Prove We’re in a Depression and That the Federal Reserve and Washington Are Wasting Money March 12, 2012 By gpc1981 http://albertpeia.com/usindepressionfedandgovwastingmoney.htm , Broken Promises: Pensions All Over America Are Being Savagely Cut Or Are Vanishing Completely .. this exact scenario is playing out from coast to coast and in the years ahead millions of elderly Americans are going to be affected by broken promises and vanishing pensions.. http://albertpeia.com/uspensionscutorvanishing.htm , America Is Being Transformed From A Wealthy Nation Into A Poor Nation At Breathtaking Speed America is losing wealth far faster than any other nation on earth is. http://albertpeia.com/ustransformedfromwealthytopoor.htm , As US Rakes Largest Monthly Deficit In History, 2012 Tax Revenues Net Of Refunds Trail 2011 Durden 3-12-12 , Guest Post: The Audacity of Bonuses At MF Global Durden 3-12-12 In the spirit of George Orwell’s Animal Farm commandment: “all animals are equal, but some animals are more equal then others” comes the galling news that bankruptcy trustee, Louis Freeh, could approve the defunct, MF Global to pay bonuses to certain senior executives. This, despite the fact that nearly $1.6 billion of customer funds remains “missing” or otherwise partially accounted for, yet beyond the reach of those customers, perhaps forever, since before the firm declared bankruptcy on October 31, 2011... , 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm , S&P Says Improbable Any Economic Improvement Would Bring Back AAA US Rating Durden 3-15-12 Sigh: S&P says that it is impossible that any economic improvement would bring back the AAA rating US deficit progress is needed. Outlook remains negative.- And what do stocks do on latest S&P report that America is broke? Why they surge of course.... , The U.S. Economy: Soul Crushing Total System Failure http://albertpeia.com/ustotalsystemfailure.htm , Kass: The Market Is Overvalued at TheStreet By Doug Kass { Yes, this is true; but, he’s still too optimistic in that he doesn’t point out that the election year manipulations / obfuscations will cause things to end far worse than his anticipation. } , An Open Letter to All Presidential Candidates March 19, 2012 By gpc1981 http://albertpeia.com/grahamsummerswarnings.htm , Ben Bernanke Tries To Convince America That The Federal Reserve Is Good And The Gold Standard Is Bad http://albertpeia.com/benbsshalombernankesellsfedpansgoldstandard.htm [ greenspan and now bernanke are incompetent and total failures creating and exacerbating current and prospective conditions for the sake of fraudulent wall street at everyone else’s expense! ] , 10 Signs That America Is On The Verge Of A Horrible Municipal Debt Crisis http://albertpeia.com/americanmunicipaldebtcrisis.htm , Bursting The Permabullish Bubble: 11 Out Of 13 Economic Indicators Have Missed Durden 3-22-12 , Corzine Corzined - Congressional Panel Finds Former MF Global CEO Ordered JPM Fund Transfer Durden 3-23-12 [ ‘Jon S. Corzine, MF Global Holding Ltd.’s chief executive officer, gave “direct instructions” to transfer $200 million from a customer fund account to meet an overdraft in one of the brokerage’s JPMorgan Chase & Co. accounts in London, according to an e-mail sent by a firm executive. Edith O’Brien, a treasurer for the firm, said…’] , TBTF Get TBTFer: Top 5 Banks Hold 95.7%, Or $221 Trillion, Of Outstanding Derivatives Durden 3-26-12 , 10 Reasons Why The Reign Of The Dollar As The World Reserve Currency Is About To Come To An End http://albertpeia.com/10reasonsdollarreservecurrencyending.htm , Dave’s Daily: http://www.etfdigest.com BERNANKE IN ABC MODE ON ABC 3-27-12 ‘Sure, it’s one of my favorite movie scenes and I couldn’t resist it. The Fed is in full campaign mode as great as Obama and his GOP rivals. When stock prices seem in doubt the Fed is ready to launch more assurances accommodation (money printing) will be available. Monday’s rally was typical as we head toward the end of the quarter. Hedge fund performance fees are on the line and any way to boost these profits is job one. Top holdings for hedge funds include the usual suspects: AAPL, IBM, INTC, BAC, DIS, HD etc. With little volume it’s easy for algos and hedge funds to prop stocks on little hard news. Tuesday we briefly saw more of this. Just as markets were weakening a story appeared using the Fed’s favorite oracle, the WSJ, as Fed governor Rosengren stated, “more stimulus is on the table”. Immediately HFT algos jumped and markets rose if only briefly.On its face, the Fed wants higher stock prices to boost confidence in the economy. However from a practical view all they’ve succeeded in doing from my perspective is debasing the dollar creating inflation. The latter will be a problem for the next administration and even the current generation. It’s an all about “now” market in a politically charged year… , Bernanke Claims That The Fed Has Averted A Second Great Depression By Bailing Out The Too Big To Fail Banks http://albertpeia.com/weareinsecondgreatdepression.htm [ To the contrary, because of his policies and particularly the bailouts which facilitated consummation of and even greater frauds, the real economy, the nation, taxpayers will suffer a more severe fate than even that obfuscated by bad policy in this election-year expedience! ‘… When the last financial crisis began, the U.S. national debt was about 10 trillion dollars. Today, it has risen to 15.5 trillion dollars. So Bernanke did not fix anything. The best that can be said is that he kicked the can down the road a little bit and made our long-term financial problems a lot worse at the same time. Bernanke can create money out of thin air and loan it to his friends all he wants, but he is not going to be able to prevent this house of cards from crashing down…’ . He’s as much a fraud and incompetent bozo as ‘his buds who put him there’ for their purpose / benefit. The guy’s a dope http://albertpeia.com/30bunglebenbernankequotes.htm , a fool which fact is lost on no one vis-à-vis the debased Weimar dollar http://albertpeia.com/10reasonsdollarreservecurrencyending.htm , who’s delusional http://albertpeia.com/bunglerbenfedfedsfailure.htm . He’s a total fraud! ] , 20 Signs That We Are Witnessing The Complete Collapse Of Common Sense In America http://albertpeia.com/americasdevolutionintomadness.htm `http://albertpeia.com/bobobamathetraitor.htm ,` A View on Inflation & Keynesian Talking Points : CrownThomas : 03/29/2012 The ponzi will fail, and the economy will reset - the only question is when. http://albertpeia.com/fedponzifails.htm , Charles Hugh Smith On The Phony "Economic Recovery," Stress and "Losing It" Durden 3-30-12, Everything Is Going To Be Alright? `http://albertpeia.com/everythingsnotalright.htm ,`‘Massive Wealth Destruction’ Is About to Hit Investors: Faber http://albertpeia.com/massivewealthdestructionabouttohit.htm CNBC.com | Runaway government debts have triggered uncontrolled money printing that in turn will lead to inflation.. , The 15 Trillion Dollar Party http://albertpeia.com/bankruptamericadestroyingthefuture.htm { WALL STREET IS SO FRAUDULENTLY BEYOND THE PALE; FOR THERE IS NO QUESTION BUT THAT THEY BELONG IN JAIL! } , RICHARD RUSSELL: A Massive Stock Market Collapse Will Wipe Out 60 Years Of Inflation And Leveraging Business Insider , Graham Summers’ Weekly Market Forecast (Europe on the Verge Edition) 4-2-12 http://albertpeia.com/euontheverge.htm , Dave’s Daily: http://www.etfdigest.com* CENTRAL BANK LIQUIDITY KEEPS BULLS HAPPY 4-2-12 ‘As Marc Faber reported Monday, two separate packages of over $1.3 trillion LTROs (Long-Term Refinancing Operations: dba “bailouts”) in the U.S. & Europe are bullish for stocks. Further, rumors remain the Bank of Japan is privately conducting similar operations and no one really knows what the Chinese (PBOC) are doing.ISM Mfg Data (53.4 vs 53.2 expected & prior at 52.4) indicates continued slow and steady economic expansion. Unfortunately prices paid remains higher at the same time. Construction Spending (-1.1% vs .7% expected & prior -.8%) was lower and some blamed this on the weather which isn’t intuitive.Stocks rallied as the new quarter began on the back of ISM data primarily and secondarily as new funds get reinvested to begin the month and quarter…’ , Guest Post: The Cliff Notes Durden 4-2-12 As it now stands, the US economy faces a “fiscal cliff” in early 2013 – meaningful Government spending cuts AND tax increases at the household level. , Pink Slime Maker Files For Bankruptcy: Pink Slips Galore As The Pink Sheets Beckon , VIX Pops As AAPL Snaps Stops With Action Between US Open And EUR Close , Foodstamp Usage Remains At All Time High, Record Number Of Households Receive $277 In Poverty Assistance Monthly , Rosenberg Recaps The Record Quarter Durden 4-2-12 What a quarter! The Dow up 8% and enjoying a record quarter in terms of points — 994 of them to be exact and in percent terms, now just 7% off attaining a new all-time high. The S&P 500 surged 12% (and 3.1% for March; 28% from the October 2011 lows), which was the best performance since 1998. It seems so strange to draw comparisons to 1998, which was the infancy of the Internet revolution; a period of fiscal stability, 5% risk-free rates, sustained 4% real growth in the economy, strong housing markets, political stability, sub-5% unemployment, a stable and predictable central bank. And look at the composition of the rally. Apple soared 48% and accounted for nearly 20% of the appreciation in the S&P 500. But outside of Apple, what led the rally were the low-quality names that got so beat up last year, such as Bank of America bouncing 72% (it was the Dow's worst performer in 2011; financials in aggregate rose 22%). Sears Holdings have skyrocketed 108% this year even though the company doesn't expect to make money this year or next. What does that tell you? What it says is that this bull run was really more about pricing out a possible financial disaster coming out of Europe than anything that could really be described as positive on the global macroeconomic front. What is most fascinating is how the private client sector simply refuses to drink from the Fed liquidity spiked punch bowl, having been burnt by two central bank-induced bubbles separated less than a decade apart leaving David Rosenberg, of Gluskin Sheff, still rightly focused on benefiting from his long-term 3-D view of deleveraging, demographics, and deflation - as he notes US data is on notably shaky ground. This appears to have been very much a trader's rally as he reminds us that liquidity is not an antidote for fundamentals. , Biderman On April's Equity Inflection Point As Fed's Front-Loading Fades Durden 4-2-12 The Fed has undertaken the same front-loading of the US economy for three years in a row (QE1, QE2, and Operation Twist) and each of the three times the performance of the US equity market to this sudden flush of liquidity has been almost identical in terms of velocity (speed and direction) - even though the underlying macroeconomic impact has been lesser and lesser as we pointed out here earlier. What is also most notable is that as we head into April (as Biderman reminds us, a typically positive 'flow' month for US equities given the tax-based moves and quarter-start) we are nearing what has been the inflection point in the previous two pump-and-hope episodes. While sounding eerily bullish in the very short-term, Charles is critically clear that he expects the short-lived nature of money-printing's impact on the market economy to fade rapidly as he fully expects the government agencies to revise their growth expectations more in line with his 'fact'-based growth expectations which are considerably lower. Though he notes the timing of the election may mean more of a sustained 'hope', the fact that in 2012 (starting Nov2011) equity performance is better now than the previous two Fed-infused rallies is perhaps why corporate insider-selling is so dominating insider-buying now through March. The avuncular antagonist concludes with his expectations that once the April surge is done with (which it may already have done today?) he fully expects the stock market to give up all its first quarter gains (and need we remind you that high yield credit is sending the very same signals of concern that it did in Q2 of the previous 2 rallies). , 10 'Facts' That Should Worry Europe's Equity 'Fiction' , Guest Post: There Is No Shortcut, But All We Have Are Shortcuts Durden 4-2-12 We all know there is no shortcut to anything worth having--mastery, security, wealth-- yet all we have in America is another useless, doomed shortcut. Insolvency is scale-invariant, meaning that being unable to live within your means leads to insolvency for households, towns, corporations, states and national governments. There is no shortcut to living within one's means. Expenses must align with revenues or the debt taken on to fill the gap will eventually bankrupt the entity--even an Empire. We know this, but all we have in America is the shortcut of borrowing more to fill the gap between revenues and expenses. The Federal government is borrowing a staggering 40% of its budget this year--and it has done so for the past three years. Despite all the fantastic predictions of future solvency, the cold reality is that no plausible level of "growth" will close the gap: either expenses must be cut by $1.5 trillion or tax revenues raised by $1.5 trillion or some combination of those realities. , ISM Beats Expectations Modestly As Construction Spending Slides , Meet The Uber-Kommissar: Germany Expands European Domination Plan; Will Enact European Budget Supervision Panel , Italian Banks Underwater On LTRO2 After Just One Month , Guest Post: Understanding The Slave Mentality Durden 4-2-12 In the initial stages of nearly every recorded tyranny, the saucer eyed dumbstruck masses exhibit astonishing and masterful skill when denying reality. , Ever Less Bang For The Printed Buck Durden 4-2-12 As markets crave their next fix of the money-printing elixir, perhaps it is worth noting the ever-decreasing impact that the quantitative easing experiments have had on 'measures' of the real economy. This seems to suggest that either: "we're gonna need a bigger boat" and the ongoing QEs will need to be exponentially larger than the prior in order to enact change in the 'measures' of real economy; or, the Fed has hit its limit as yet another 'multiplier effect' has been proved wrong in the limit and all we get to play with is the unintended consequences of a hidden inflation peering into view. Of course this is typical Keynesian dogma: if at first you don't succeed, do it again but bigger, more global, and with more geopolitical danger. , The True French Debt To GDP: 146% , More Fed "Bad Cop" Durden 4-2-12 Bernanke telling the world the Fed will ease any time there is a stock downtick is the 'good cop.' Which means there needs to be a bad cop to pretend that the Fed actually cares about more than just 10-20% red candles in the Russell 2000, and to give the impression of a balanced Fed. Last week it was Plosser (who simply regurgitated his script from March 2010). Today it is Dallas Fed's Fisher… , Greece Set To Default On Foreign-Law Bonds On May 15

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Euro unemployment spikes to record 10.8 percent, highest since 1999It hasn't been this high since the euro’s introduction, fueling fears that the region is in a recession. (Washington Post) [ Well, that must be good … because … stocks in europe and here rallied like there was no tomorrow on the news. Yeah, they’ve adopted the ‘good news good, bad news better’ fraudulent wall street paradigm where fiat Weimar currency printing presses are in overdrive, debasing currency while bubbling the the other paper (stocks). Graham Summers’ Weekly Market Forecast (Europe on the Verge Edition) April 2, 2012 By gpc1981 http://albertpeia.com/euontheverge.htm ‘Things are once again deteriorating in Europe at a rapid pace. The ten-year Italian bond is right back to where it was before LTRO 2 (just one month ago). Smart money’s not buying: Dave’s Daily: http://www.etfdigest.com CENTRAL BANK LIQUIDITY KEEPS BULLS HAPPY 4-2-12 ‘As Marc Faber reported Monday, two separate packages of over $1.3 trillion LTROs (Long-Term Refinancing Operations: dba “bailouts”) in the U.S. & Europe are bullish for stocks. Further, rumors remain the Bank of Japan is privately conducting similar operations and no one really knows what the Chinese (PBOC) are doing.ISM Mfg Data (53.4 vs 53.2 expected & prior at 52.4) indicates continued slow and steady economic expansion. Unfortunately prices paid remains higher at the same time. Construction Spending (-1.1% vs .7% expected & prior -.8%) was lower and some blamed this on the weather which isn’t intuitive … Insiders continue to sell into strength but the chart below doesn’t necessarily breakout the details. Nevertheless, what do insiders know we don’t? …’4-2-12 ‘Massive Wealth Destruction’ Is About to Hit Investors: Faber http://albertpeia.com/massivewealthdestructionabouttohit.htm , RICHARD RUSSELL: A Massive Stock Market Collapse Will Wipe Out 60 Years Of Inflation And Leveraging Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm , The 15 Trillion Dollar Party http://albertpeia.com/bankruptamericadestroyingthefuture.htm { WALL STREET IS SO FRAUDULENTLY BEYOND THE PALE; FOR THERE IS NO QUESTION BUT THAT THEY BELONG IN JAIL! }

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Rise in homicides after ‘Stand Your Ground’ Editorial Board (Washington Post) [ Oh come on! You obviously don’t get out much. There has been a rise in homicides, and crime generally, regardless of the reported so-called stats and regardless of ‘stand your ground law’. Wake up! The nation is decomposing before your very eyes. That’s the fact jack! That’s reality! 10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm , USA #1? 40 Embarrassing Things That America Is The Best In The World At http://albertpeia.com/40badthingsusabest.htm

`PARENTS OF MURDERED WHITE STUDENTS SLAM OBAMA FOR SILENCE`

[ Well`, they’re just white folk, not blacks like`obama`et`als`. Moreover, there would be no end to the limitless requests as ‘black on white violent crime’ is at epidemic levels and by far exceeds the miniscule proportions of white on black crime. http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm ,`http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm , `http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]`

NOONAN: HE'S BECOMING 'CREEPY'...
Suffers 'worst week' of presidency...
Dem donors ignore plea for cash...
STUDENTS SOUR...
GE Immelt insists he's NOT pulling for Romney...

SHOCK POLL: Afghan war support DOWN TO 25%...

Lancaster computer shop shooting suspect identified | abc7.com

http://abclocal.go.com/kabc/story?section=news/local/los_angeles&id=8594147

The suspect was identified as 24-year-old Timothy Johnson, described as being 6 feet 2 inches tall, weighing about 170 pounds with a dark complexion (negro-black) and a closely shaved head.

Detectives say Johnson reportedly entered eChaps Computers and More at 2007 W. Avenue K on Friday, shot and killed store owner Reed Lewis Keith and left with stolen electronics in hand.

Wearing hoodie, Rush escorted from House floor (Washington Post) [ Hold onto your purses female members, there’s a black boy wearing a hoodie in the house. [ .. (the following incident is my personal experience: black perps, white victims)‘.. while walking through Military Park 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 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 (included on my website in the Psychology forum discussion of ‘bystander effect’ / diffusion of responsibility. ) - Having had occasion to have run down a mugger in newark, n.j. who apparently had followed a girl from the bank on her way to the bursar to pay tuition, though in pretty good shape, I was astounded by how totally exhausting such a pursuit was, how much like rubber my arms were when I traded punches with the perpetrator, and truth be told, if I had a flashlight on my belt, I have little doubt that I would have probably used it to subdue the perp (a police officer here in California was the object of intense criticism for having used a flashlight to subdue a criminal after a long chase) . The girl was not that seriously injured, did get her pocketbook and tuition back, and the criminal went to jail (where they belong). The other thing about such a pursuit that amazed me was that no one else assisted the girl or me despite being in a position to do so. I was also mugged by 4 blacks and 2 hispanics in an incident here in Los Angeles, CA. But, to be fair and balanced, the RICO litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf (predominantly but not exclusively jews / romans-italians / mobsters / government slugs). ]

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Robinson: Mitt can’t shake his mistakes (Washington Post) [ You see, the problem for wobama apologists as Mr. Robinson who seems to have stepped up in the absence of Mr. Milbank in that regard, is that there’s nothing that can be said of Mitt Romney prospectively and hypothetically that wobama hasn’t, contrary to campaign promises and rhetoric from last eternal b***s*** session/campaign, already done in fact. Yes, the frauds on wall street have had a cushy deal with wobama the b for b***s*** with none of the biggest frauds prosecuted despite wobama’s worthless word to the contrary. In fact, one would be relieved if wobama’s mistakes were just words and not the contraindicated, misguided actions that they are in fact. There are no excuses for wobama’s unequivocal failure as president, and the examples of such actual failure are legion. - { Obama flush with financial sector cash The president has managed to raise more money this year from the sector than any GOP contender. (WP) ( … yes, more ‘obama b*** s*** ! The quid pro quo … the bribe … Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud )THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , http://albertpeia.com/10mostcorruptpols.htm ) } The 15 Trillion Dollar Party http://albertpeia.com/bankruptamericadestroyingthefuture.htm

CRIME STATS(u.s.No.1)

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

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

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Britain weighs proposal to allow greatly increased Internet ‘snooping’ Plan would let officials monitor text messages, phone calls, e-mails, Web habits of everyone in country. (Washington Post) [ Come on! They’re already there! http://albertpeia.com/ukorwellianbigbrosurveillancesoc.htm . And, don’t think the nsa is lagging behind them in that regard … No, that’s not footsy that the nsa’s playing with Google.

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Europe pumps up fund to nearly $1T In bid to calm investors, finance ministers agree to boost reserves to help member nations repay debts. (Washington Post) [ Sounds like the making of an SNL skit as with Hans (with arnold schwarzenegger accent and fake muscles) saying they want to pump you up. Very funny! But this like-minded american ponzi is destined for failure say the experts who really know how to count. Mark Grant Explains The Farce, The Hustle, And The Scam Durden 3-30-12 When considering the financial condition of each and every country in the European Union there are certain facts that are left out and left out on purpose. In our opinion, the structural deformity of the European Union is, in itself, one of the main reasons that any attempt at a fiscal or economic fix never seems to work. Whether some proposed firewall is $760 billion or $1.3 Trillion or $13 Trillion makes no difference as in zero, nada, nothing and null. It is an IOU, a promise to pay and it is not counted in any European sovereign debt numbers nor is it counted in the figures for the European Union’s debt. It will not stop Spain or Portugal or Italy from asking for or needing money. This whole discussion is a head fake, a deception and a ruse carefully plotted out for investors in one more attempt to mislead the entire world. If you wish to be a statistic in the Greater Fool Theory be my guest but I refuse to be apart of this unadulterated scam. , Germany is Now Openly Engaging In Monetary Policies Against the ECB… What’s Next?March 30, 2012 By http://gainspainscapital.com ‘While the mainstream financial media and 99% of investors continue to believe that Germany will align itself with the EU, we’ve been pounding the table Germany will in fact look after its own interests rather than the EU’s and that it might in fact leave the Euro temporarily.We’ll start with German Finance Minister Wolfgang Schauble, who was hinting that the EU was off-track in its policies and that Germany was focusing on a “political union” NOT a “monetary union” as far back as November 2011.Wolfgang Schauble admits euro bail-out fund won’t halt crisisEurope’s “big bazooka” bail-out fund is not ready and won’t stem the debt crisis that on Tuesday pounded Italy and the European Central Bank (ECB), admitted Wolfgang Schauble, Germany’s finance minister.http://www.telegraph.co.uk/finance/financialcrisis/8924462/Wolfgang-Schauble-admits-euro-bail-out-fund-wont-halt-crisis.htmlThis is a pretty strong admission from the finance minister of the country that Europe looks to as a financial backstop…, Is Spanish Regional Debt Out Of Control? , Must Read: Jim Grant Crucifies The Fed; Explains Why A Gold Standard Is The Best Option Durden 3-30-12 In the not quite 100 years since the founding of your institution, America has exchanged central banking for a kind of central planning and the gold standard for what I will call the Ph.D. standard. I regret the changes and will propose reforms, or, I suppose, re-reforms, as my program is very much in accord with that of the founders of this institution. Have you ever read the Federal Reserve Act? The authorizing legislation projected a body “to provide for the establishment of the Federal Reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper and to establish a more effective supervision of banking in the United States, and for other purposes.” By now can we identify the operative phrase? Of course: “for other purposes.” As you prepare to mark the Fed’s centenary, may I urge you to reflect on just how far you have wandered from the intentions of the founders? The institution they envisioned would operate passively, through the discount window. It would not create credit but rather liquefy the existing stock of credit by turning good-quality commercial bills into cash— temporarily. This it would do according to the demands of the seasons and the cycle. The Fed would respond to the community, not try to anticipate or lead it. It would not override the price mechanism— as today’s Fed seems to do at every available opportunity—but yield to it. , The Insanity Of The Sarkozy Carry-Trade's Contagion Risk In 3 Charts , Chicago PMI Misses As Survey Respondents Warn Oil Price Shock "Tipping Point Fast Approaching" , The Sad Reality Of Macro Data Performance Durden 3-30-12 Presented with little comment except to note that the next time someone uses the phrase "...but the data is coming in strong..." please show this chart as US and European macro data prints have consistently missed expectations for well over a month now... , Following Greek Bond Humiliation, Europe's Biggest Equity Investor Is Slashing Its European Exposure Durden 3-30-12 Remember this from September 2010? "Norway, which has amassed the world’s second-biggest sovereign wealth fund, says Greece won’t default on its debts. “The point is, do you expect these guys to default?” said Harvinder Sian, senior fixed-income strategist at Royal Bank of Scotland Group Plc, in an interview. “Norway has taken the view that they will not. The Greek holdings are particularly interesting because the consensus in the market is that they will at some point restructure or default.” Norway says its long-term perspective will protect it from losses. “One could say we are investing for infinity."... Uhm, Big Oops. Needless to say, this stupidity was roundly mocked by Zero Hedge at the time. Yet we can only applaud the fact that unlike other European investors (read primarily Italian banks) which are merely sinking ever deeper into the quicksand by dodecatupling down on pyramid scheme assets, the Norwegian SWF finally "plans to sharply reduce its European exposure while raising investments in emerging markets and Asia-Pacific, the finance ministry said on Friday." While we ridiculed their stupidity in 2010, we applaud Norway's prudence in this case, as unlike other insolvent European entities, the crude-rich country is not falling for the latest round of central planning bullshit, and is finally acting as a fiduciary agent. "We're reducing our European exposure because we see that economic development in the global economy is changing and this should also be reflected in our investment strategy," Johnsen said. "Most likely we'll have to sell some assets in Europe." Remember: in game theory he who defects first, defects best. We expect to see many more funds openly declaring they will commence dumping European assets, all of which are buoyed 100% artificially by the ECB, and US taxpayers, shortly. , Don't Be (April) Fooled: New ETF Money Flows Still Bond-Bound , American Spending Goes Into Overdrive As Savings Plunge To 2008 Levels , Visualizing The Fed's Clogged Plumbing , The Full Math Behind The "Expanded" European Bailout Fund

Charles Hugh Smith On The Phony "Economic Recovery," Stress and "Losing It" Durden 3-30-12 Everyday Stress Can Shut Down the Brain's Chief Command Center. Neural circuits responsible for conscious self-control are highly vulnerable to even mild stress. When they shut down, primal impulses go unchecked and mental paralysis sets in. (Scientific American; subscription required, hopefully your local library has a copy) This helps explain the natural "fight or flight" response we feel when suddenly confronted with danger or potential danger, but more importantly it illuminates how we lose the ability to analyze circumstances rationally when we are "stressed out." Once our rational analytic abilities are shut down, we are prone to making a series of ill-informed and rash decisions. This has the potential to set up a destructive positive feedback loop: the more stressed out we become, the lower the quality of our decision-making, which then generates poor results that then stress us out even more, further degrading our already-impaired rational processes. This feedback loop quickly leads to "losing it completely." Doesn't this describe our increasingly dysfunctional and disconnected-from-reality legislative process? , Everything Is Going To Be Alright? http://albertpeia.com/everythingsnotalright.htm Is the U.S. economy going to be okay? Well, if the only source you listened to was the mainstream media, you would be left with the distinct impression that the U.S. economy is heading toward a full recovery and that everything is going to be alright. Unfortunately, that is not the case at all. The United States is rapidly becoming poorer as a nation and less competitive in the global marketplace. At the same time, consumer debt levels are rising, corporate debt levels are rising, state and local government debt levels are rising and the U.S. government is indulging in a debt binge unlike anything the world has ever seen. Considering the insane amount of money the U.S. government has been pumping into the economy, we should have seen a much more robust recovery by now. Instead, the employment statistics have barely moved and government dependence is at an all-time high. That is really sad, because this is as good as "the recovery" is going to get. The next major economic downturn is just around the bend, and in future years millions of us will desperately yearn for the "good old days" of 2012… , Dave’s Daily: http://www.etfdigest.com THE FIRST QUARTER GETS SOME WINDOW DRESSING 3-30-12 ‘Economic data Friday was mixed and depending on your vision or bias was spun to suit. Personal Income & Spending was a dangerously mixed bag with income down and spending up: (Personal Income .2% vs .4% expected & prior .3%. Spending .8% vs .6% expected & .4% prior. Core PCE was .1% vs .2% prior). With spending up a good portion of this goes to food and energy excluded in the “core” PCE. Since the “core” stuff is what the Bernank et al focus on it will justify ongoing ZIRP and perhaps more QE. It’s all contrived and absurd frankly.Later the Chicago PMI (62.2 vs 63 expected & prior 64) also disappointed with a miss but bulls didn’t mind.Consumer Sentiment (76.2 vs 75 expected & prior 74.3) rose and beat estimates but also has a larger stock market component than does Consumer Confidence data released previously.Bulls chose to embrace the spending side of data and Consumer Sentiment ignoring everything else.Apple’s (AAPL) share price declined on news that Google (GOOG) would be stepping up efforts to compete with Apple products like iPads and smart phones. Also much in the news was widely disseminated story that without the company’s earnings first quarter EPS for the S&P 500 would be flat versus up 1.50%. So despite the heavy weighting of shares (15-20%) in many indexes, not mention hedge fund and institutional portfolios, the stock were sold Friday. This is sector rotation of a different kind. It may only have little to do with recent stories of company sweat shops in China … , Massive $17 Trillion Hole Found In Obamacare Durden 3-30-12 Two years ago, when introducing then promptly enacting Obamacare, the president stated that healthcare law reform would not cost a penny over $1 trillion ($900 billion to be precise), and that it would not add ‘one dime’ to the debt. It appears that this estimate may have been slightly optimistic… by a factor of 1700%. Because coincident with the recent Supreme Court debacle, in which a constitutional law president may be about to find that his magnum opus law is, in fact, unconstitutional, someone actually read the whole thing cover to cover, instead of merely relying on the CBO’s, pardon Morgan Stanley and Goldman Sachs’, funding estimates. That someone is Republican Jeff Sessions who after actually running the numbers has uncovered that the true long-term funding gap is a mind-boggling $17 trillion, just a tad more than the original sub $1 trillion forecast. This latest revelation means that total underfunded US welfare liabilities: Medicare, Medicaid and social security now amount to $99 trillion! Add to this total US debt which in 2 months will be $16 trillion, and one can see why Japan, which is about to breach 1 quadrillion in total debt (yen, but who's counting), may want to start looking in the rearview mirror for up and comer competitors. And while Obama may have been taking creative license with a number that is greater than total US GDP, he was most certainly correct when saying that Obamacare would not add a penny to US debt. Because the second the US government comes to market to fund a true total debt/GDP ratio of 750%, it is game over, and the Fed will have its hands full selling Treasury puts every waking nanosecond to have any time left for the daily 3pm stock market ramp. , This Time Is No Different - Reflections On 1929 Optimism Durden 3-30-12 When it comes to markets, the following clip, as well as memories of recent market collapses, highlights that it is usually brightest just before it's pitch black. , Stocks Odd Man Out As Every Other Asset Class Has Now Faded LTRO2 , MarketWatch Goes Full Propaganda Retard Durden 3-30-12 [ Yeah, OD on hopium causes retardation! Pathetic! ] , Guest Post: The Consumption Dysfunction Durden 3-30-12 The sharp drop in the personal savings rate in the month of February, which just hit to lowest level since January of 2008, is indicative of the problem. While personal savings rates could be bled down further to sustain the current level of subpar economic growth - the world today is vastly different than prior to the last two recessions … , Another Failed Grand Plan In Europe , European Bailout Stigma Shifts From Banks To Sovereigns As Bundesbank Refuses PIG Collateral , Treasuries Crash Back To Equity's Unreality , Is The Chinese Stock Market About To Crash? , From Enron To Sino-Forest - Same Old Song Durden 3-30-12 Enron --> Worldcom --> Adelphia --> Lehman --> MF Global --> Greece --> Sino Forest --> ???? We would rank these as some of the more notorious bankruptcies. These weren't normal course of business bankruptcies. These were dark and deviant. They have many similarities. Opaque and convoluted accounting and finances are common to them all. Whether it was Jedi for Enron, repo 105 for Lehman, or off-market swaps with Goldman for Greece, they all used every trick in the book to keep debt off balance sheet and to obfuscate the risk. It is hard to watch what is going on in Europe and not believe that Greece is just the first of many. Countries and their banks. Countries and their regions. Countries and EU programs. Banks and their national central banks. Banks and the ECB. It is hard to pin down the fatal flaw, but for us it is harder to believe that there is nothing to see there and we should happily move along. , Why The Mega Millions Jackpot Is Nothing But Another Tax On America's Poor , Greece: Now They’re Not Even Trying Anymore : testosteronepit : 03/30/2012 As Monti said, "The financial aspect of the crisis is over." For the moment. But the problems are worse than ever., California Slammed With Fukushima Radiation : George Washington : 03/30/2012 - 12:26 Fukushima Radiation Plume Hit Southern and Central California , Apple’s Earnings Are Masking Weakness in Stocks and the Economy Mar 30th, 2012 (Yahoo Finance) — [I]f it weren’t for Apple’s (AAPL) record results, fourth quarter profit growth for the S&P 500 would go from 6.1% to 3.0%

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

The case against economic pessimism OPINION | The polarized political system and the flawed E.U. will continue to lead to bad decisions. (Washington Post) [ Yeah, they call it fantasyland; where all your dreams come true in your dreams, until reality turns them into nightmares. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ECRI Stays with Recession Call New American | The vicious cycle is starting where lower sales, lower production, lower employment and lower income [leads] back to lower sales…BOB ADELMANN New American 3-13-12 http://albertpeia.com/ecricallsrecession.htm , STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm Both The Market and Government Are Irrational Paul Craig Roberts | One of the great economic myths is that markets are rational. Not a day passes without this myth being disproved scores of times, but the myth persists. [ 3-30,29,28,-12 Familiar theme of suckers’ rally off lows to keep suckers sucked in and window dress another fraudulent quarter at national expense for wall street welfare. 3-26-12 As was so last pre-crash, particularly this election year of desperation, bernanke resorts to his ‘jaw-boning’ (another dog who made news called this ‘baffling them with b***s***’); yet, it’s fraudulent wall street that conditions ‘all’ to believe the easy money / over-printed created Weimar dollars, a clear negative (you’re paying for the wall street welfare; ie, gas, food, etc., prices { Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year. I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ } rallies those pieces of paper/computer entries via HFT algos programmed to go wild with such talk, making this a great opportunity to sell, take profits while you can, much worse to come! http://albertpeia.com/10reasonsdollarreservecurrencyending.htm , I’ve Never Seen a Confluence of Negative Factors Like This 3-24-12 http://gainspainscapital.com , DAVE FRY IS RIGHT ON THE MONEY HERE! Dave’s Daily: http://www.etfdigest.com BERNANKE IN ABC MODE ON ABC 3-27-12 ‘Sure, it’s one of my favorite movie scenes and I couldn’t resist it. The Fed is in full campaign mode as great as Obama and his GOP rivals. When stock prices seem in doubt the Fed is ready to launch more assurances accommodation (money printing) will be available. Monday’s rally was typical as we head toward the end of the quarter. Hedge fund performance fees are on the line and any way to boost these profits is job one. Top holdings for hedge funds include the usual suspects: AAPL, IBM, INTC, BAC, DIS, HD etc. With little volume it’s easy for algos and hedge funds to prop stocks on little hard news. Tuesday we briefly saw more of this. Just as markets were weakening a story appeared using the Fed’s favorite oracle, the WSJ, as Fed governor Rosengren stated, “more stimulus is on the table”. Immediately HFT algos jumped and markets rose if only briefly.On its face, the Fed wants higher stock prices to boost confidence in the economy. However from a practical view ALL THEY’VE SUCCEEDED IN DOING FROM MY PERSPECTIVE IS DEBASING THE DOLLAR CREATING INFLATION…’ , And 14 of 16 On Dallas Fed Miss 3-26-12 The Dallas Fed Manufacturing Outlook just came with its largest miss of expectations in 9 months - and biggest drop in 7 months.. A 10.8 print vs expectations of 17.0 dropped the index back to its lowest since December and keeps the 'good is good but bad is better' dream alive..’, Don’t be fooled by the money illusion MarketWatch | Rising prices are making some statistics look better than they really are. [ The ‘psychological factor’ has always been a component in the valuation of securities which valuations, good or ill, collectively give rise to the ‘markets’. The mythical part is the presumption of rationality accorded the ‘market-makers’ which, despite their glaring irrationality and propensity for fraud (I’d conservatively say that wall street is comprised predominantly, I’d estimate 90%, of psycho/sociopathic personalities), is still decidedly and pathetically vis-à-vis the rest of the ‘go along to get along’ world, criminally insane wall street. { The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal } It should be obvious by now, particularly with the advent of ubiquitous, lightning fast programmed computerization, that the markets are fraudulently manipulated in a bigger way now than ever; and, not without great cost ultimately to muppets / taxpayers like you, whether in the markets or not.They do it for the money; and, sick as they are, to be screwin’ at least someone all of the time which perversely gives them pleasure! ] This is an especially great opportunity to sell / take profits with stocks floating on air in contraindicated ‘Weimar dollar bubble rally’ as preceded last crash. Suckers’ rally into the close off lows and in shades of the dot com bubble with Apple the fraudulent stock market’s one-trick pony (‘in play’, pricey, big weighting and big bang for the market buck, and compared to what). Competition will ultimately (no real breakthroughs on horizon) take a big bite out of the Apple, which along with price targets is way over valued (currently being manipulated to the upside by the ‘muppet masters’ given the 20% weighting for maximum fraudulent effect). I say this despite liking Apple. They’re loving Apple to death on fraudulent wall street which is a testament to the pathetic state of american and world technology which is horrendous. As my first computer (Apple IIc, 1986) I’m glad they survived but they’re way, way over-valued. Aside from the IPAD (at best and even that’s a stretch, and past history at that), there’s really nothing there, which is a testament to the stupidity of american consumers particularly. Wake up! What total frauds! 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm , Guest Post: Money from Nothing - A Primer on Fake Wealth Creation and its Implications (Part 2) ZeroHedge.com 3-14-12 ‘Only in a debt-based money system could debt be curiously cast as an asset. We’ve made “extend and pretend” a quaint phrase for a burgeoning market for financial lying and profiteering aimed toward preventing the collapse of a debt- (or lack-) based system that was already doomed by its initial design to collapse.’ Election year temp jobs, trade deficit up, GDP projection down, business inventories miss, manipulations, obfuscations… Dave’s Daily: http://www.etfdigest.com STOCK RALLY FADES WITH CDS ISSUE 3-9-12 [ Dave astutely points out: “Jobless Claims Thursday were weaker than expected (362K vs 351K expected and prior revised higher to 354K). Did you know that prior weekly Jobless Claims data has been revised higher 100% of the time over the past two years? How does that happen this consistently?” – Which I refer to as the ‘data ponzi scheme’ wherein new fake data is used to buoy markets as prior reported fake data is reconciled closer to reality. 3-15-12 Yes, and again, prior week revised up . ] Does China's Forex Policy Beggar Its Neighbors? The Wall Street Journal [ Are you sure the author didn’t mean ‘bugger its neighbors’? Sounds like it; but, it’s really all about cost structures which are far less in China which is the primary reason for China’s export success. Manipulation of currencies is an artifice that the west will ultimately prove does not work at all (all that over-printing / creating of fiat Weimar paper currencies is a time-tested loser).]Rumor planted by fed of QE3 light spurs rally, not the fake, uneconomic jobs estimate from jersey adp for election year spin purposes which only fools believe. How desperate and pathetic! For those who think this money-printing out of thin air is without cost, you’re in for a worse than rude awakening. The global markets have become a joke! This is a ‘full press’ as in ‘fiat paper printing presses in overdrive’ debased Weimar dollars / currencies that will end quite badly so take this opportunity to take profits while you can. The manipulated, contrived, and fake data has all been unaffordably ‘electioneared’ for ‘electionyeared’ spin and propaganda. Don’t be their fool! The full moon previously helped keep the contraindicated lunatics’ huge suckers’ rally going with across the board media et als complicity (infra). But not quite … reality (will) catch(es) up … you know the drill … typical suckers’ surge into the close off lows, etc.. Today’s data looked pretty bad to me, even with the manipulations/spin otherwise, ie., Durable goods orders drop by most in 3 years AP , etc.. Then there was previously the manipulated revision to make this month’s distressed, foreclosure sales (backlog) look better. Total scam! This will all end quite badly and is much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles. { http://albertpeia.com/todaysbusinesssummarylinks.htm - today’s business summary links only, by day – scroll down as well for today’s links and for more complete context – Encouraged and recommended! } This global suckers’ rally is based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare (which is being injected sub rosa, see infra), bad news, fraud, b***s***, and desperation alone, as suckers’ rallies ushered in the new year in a most preposterous fashion [Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’ for the superstitious so-called ‘January effect’ based on based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, b***s***, and desperation alone to suck suckers in and keep suckers sucked in! Don’t be their fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s using the up moves to reduce risk assets / stocks / exposure, in other words, he’s selling the rallies which is sound advice [3-12-12: I’ve previously recommended this business report; but, like everything in america, it’s gotten so bad as in the first 30 minutes I calculated approximately 6 minutes of business report and the balance predominantly advertising and some cbs network stuff before I had to turn it off – I might listen again in a year, if at all. Terrible! ]. The fundamentals/realities, current and prospective, are worse than ever. There are no systems/formulas for these unprecedentedly dire times. Don’t be their sucker! This is an especially great opportunity to sell / take profits because there’s much, much worse to come! Here’s a simple chart of the Dow’s history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als.] with lingering intoxication an explanation as the printing presses and issuance of worthless insurmountable debt paper are in full throttle globally (a testament to global blindness as the blind follow the blind) making this impending disaster at this time an especially great opportunity to sell / take profits because there’s much, much worse to come! jersey-lautenberg based adp with 100% better than expectations private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce department data? Labor dept. ue claims / ue numbers? Only a fool believes what they say! ( After One Month Respite, Pink Slips Are Flying Again Durden , Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Durden on 01/06/2012 .. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg , ) The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , ‘…technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57…’ , The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm Why earnings will continue to decline MarketWatch , 10 Things That Every American Should Know About The Federal Reserve Eco.Coll.Blog http://albertpeia.com/10thingsmustknowaboutfedreserve.htm #1 The Federal Reserve System Is A Privately Owned Banking Cartel #2 The Federal Reserve System Is A Perpetual Debt Machine #3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar #4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability #5 The Federal Reserve Is Paying Banks Not To Lend Money #6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging #7 The Federal Reserve System Is Dominated By The Big Wall Street Banks #8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913 #9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence #10 The Federal Reserve Has Become Way Too Powerful , A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm Any financial system that is based on debt is doomed to fail. Today, we are living in the greatest debt bubble that the world has ever seen … , Despite Two Thirds Of Components Declining, Empire Fed Prints At Highest Since June 2010 ZeroHedge | Chalk this one to “seasonal adjustments” or something, cause we no longer have any clue what is going on with the data fudging in America. , 20 Signs You Might Be A Typical American Worker http://albertpeia.com/20signsoftypicalamericanworker.htm , 10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm , 8 Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default http://albertpeia.com/8reasonsgreekdebtdefaultstillcoming.htm , 55 Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm ‘How is the U.S. economy doing in 2012? Unfortunately, it is not doing nearly as well as the mainstream media would have you believe. Yes, things have stabilized for the moment but this bubble of false hope will not last for long. The long-term trends that are ripping our economy and our financial system to shreds continue unabated. When you step back and look at the broader picture, it is hard to deny that we are in really bad shape and that things are rapidly getting worse. Later on in this article you will find a list of interesting facts that show the true state of the U.S. economy… , http://albertpeia.com/debtpercapita.jpg , Double-dip recession setting in across eurozone: EU Thomson | AFP , America 1950 vs. America 2012 http://albertpeia.com/downhillslideofamerica.htm , Society’s Five Stages of Economic Collapse http://albertpeia.com/5stagesofcollapse.htm David Meyer shtfplan.com March 1, 2012 , No Housing Recovery - Case Shiller Shows 8th Consecutive Month Of House Price Declines Durden 2-28-12 Little that can be added here. The December Case Shiller came, saw, and shut up all those who keep calling for a home price recovery. The Index printed at 136.71 on expectations of 137.11, with the prior revised to 138.24. The top 20 City composite was down -0.5% on expectations of a 0.35% drop. 18 out of 20 MSAs saw monthly declines in December over November… , Goldman: Germany Is Now On The Hook By €1 Trillion (Or 40% Of GDP) Durden, , 20 Economic Statistics To Use To Wake Sheeple Up From Their Entertainment-Induced Comas http://albertpeia.com/20ecostatstowakesheeple.htm , Central bank balance sheet expansion since end 2007 Mar 1st, 2012 by News (ZeroHedge) — SNB +230%; Fed +222%, BOJ +125%, BOE +87%, PBOC +93%, ECB +51%. USA Gold / PG View: Pretty strong evidence that the rally in bonds — and by extension the rally in stocks — is nothing but a charade. , 10.7 Percent: Unemployment In Europe Is Worse Than It Was At The Peak Of The Last Recession http://albertpeia.com/europeunemploymentworsethanrecession.htm The unemployment rate in the eurozone is now 10.7 percent. That is the highest the unemployment rate has been since the introduction of the euro. The unemployment rate in the eurozone never got any higher than 10.2 percent during the last recession. This is very troubling news. It was just recently announced that the eurozone has entered another recession, and already the unemployment rate is hitting new record highs… , Inflation Is A Tax And The Federal Reserve Is Taxing The Living Daylights Out Of Us http://albertpeia.com/inflationisatax.htm , Guest Post: Cause, Effects & The Fallacy Of A Return To Normalcy Durden 3-6-12, Market Takes First Big Loss Of 2012 As Investors Eye Greek Debt Swap Forbes , 15 Potentially Massive Threats To The U.S. Economy Over The Next 12 Months http://albertpeia.com/15massivethreatstoeconomy.htm , 1 Through 30 – The Coming U.S. Financial Crisis By The Numbers http://albertpeia.com/1-30usfinancialcrisiscoming.htm , Gallup Finds February US Unemployment Jumps Most Since 2010, Third Consecutive Monthly Increase Durden 3-8-12 , Initial Claims Miss Expectations, Rise For Third Consecutive Week For First Time Since August 2010 Durden 3-8-12 , Greece Has Defaulted - Which Country In Europe Is Next? http://albertpeia.com/greecehasdefaultedwhonext.htm , Five Charts That Prove We’re in a Depression and That the Federal Reserve and Washington Are Wasting Money March 12, 2012 By gpc1981 http://albertpeia.com/usindepressionfedandgovwastingmoney.htm , Broken Promises: Pensions All Over America Are Being Savagely Cut Or Are Vanishing Completely .. this exact scenario is playing out from coast to coast and in the years ahead millions of elderly Americans are going to be affected by broken promises and vanishing pensions.. http://albertpeia.com/uspensionscutorvanishing.htm , America Is Being Transformed From A Wealthy Nation Into A Poor Nation At Breathtaking Speed America is losing wealth far faster than any other nation on earth is. http://albertpeia.com/ustransformedfromwealthytopoor.htm , As US Rakes Largest Monthly Deficit In History, 2012 Tax Revenues Net Of Refunds Trail 2011 Durden 3-12-12 , Guest Post: The Audacity of Bonuses At MF Global Durden 3-12-12 In the spirit of George Orwell’s Animal Farm commandment: “all animals are equal, but some animals are more equal then others” comes the galling news that bankruptcy trustee, Louis Freeh, could approve the defunct, MF Global to pay bonuses to certain senior executives. This, despite the fact that nearly $1.6 billion of customer funds remains “missing” or otherwise partially accounted for, yet beyond the reach of those customers, perhaps forever, since before the firm declared bankruptcy on October 31, 2011... , 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm , S&P Says Improbable Any Economic Improvement Would Bring Back AAA US Rating Durden 3-15-12 Sigh: *S&P says that it is impossible that any economic improvement would bring back the AAA rating *US deficit progress is needed. *Outlook remains negative.- And what do stocks do on latest S&P report that America is broke? Why they surge of course.... , The U.S. Economy: Soul Crushing Total System Failure http://albertpeia.com/ustotalsystemfailure.htm , Kass: The Market Is Overvalued at TheStreet By Doug Kass { Yes, this is true; but, he’s still too optimistic in that he doesn’t point out that the election year manipulations / obfuscations will cause things to end far worse than his anticipation. } , An Open Letter to All Presidential Candidates March 19, 2012 By gpc1981 http://albertpeia.com/grahamsummerswarnings.htm , Ben Bernanke Tries To Convince America That The Federal Reserve Is Good And The Gold Standard Is Bad http://albertpeia.com/benbsshalombernankesellsfedpansgoldstandard.htm [ greenspan and now bernanke are incompetent and total failures creating and exacerbating current and prospective conditions for the sake of fraudulent wall street at everyone else’s expense! ] , 10 Signs That America Is On The Verge Of A Horrible Municipal Debt Crisis http://albertpeia.com/americanmunicipaldebtcrisis.htm , Bursting The Permabullish Bubble: 11 Out Of 13 Economic Indicators Have Missed Durden 3-22-12 , Corzine Corzined - Congressional Panel Finds Former MF Global CEO Ordered JPM Fund Transfer Durden 3-23-12 [ ‘Jon S. Corzine, MF Global Holding Ltd.’s chief executive officer, gave “direct instructions” to transfer $200 million from a customer fund account to meet an overdraft in one of the brokerage’s JPMorgan Chase & Co. accounts in London, according to an e-mail sent by a firm executive. Edith O’Brien, a treasurer for the firm, said…’] , TBTF Get TBTFer: Top 5 Banks Hold 95.7%, Or $221 Trillion, Of Outstanding Derivatives Durden 3-26-12 , 10 Reasons Why The Reign Of The Dollar As The World Reserve Currency Is About To Come To An End http://albertpeia.com/10reasonsdollarreservecurrencyending.htm , Dave’s Daily: http://www.etfdigest.com BERNANKE IN ABC MODE ON ABC 3-27-12 ‘Sure, it’s one of my favorite movie scenes and I couldn’t resist it. The Fed is in full campaign mode as great as Obama and his GOP rivals. When stock prices seem in doubt the Fed is ready to launch more assurances accommodation (money printing) will be available. Monday’s rally was typical as we head toward the end of the quarter. Hedge fund performance fees are on the line and any way to boost these profits is job one. Top holdings for hedge funds include the usual suspects: AAPL, IBM, INTC, BAC, DIS, HD etc. With little volume it’s easy for algos and hedge funds to prop stocks on little hard news. Tuesday we briefly saw more of this. Just as markets were weakening a story appeared using the Fed’s favorite oracle, the WSJ, as Fed governor Rosengren stated, “more stimulus is on the table”. Immediately HFT algos jumped and markets rose if only briefly.On its face, the Fed wants higher stock prices to boost confidence in the economy. However from a practical view all they’ve succeeded in doing from my perspective is debasing the dollar creating inflation. The latter will be a problem for the next administration and even the current generation. It’s an all about “now” market in a politically charged year… , Bernanke Claims That The Fed Has Averted A Second Great Depression By Bailing Out The Too Big To Fail Banks http://albertpeia.com/weareinsecondgreatdepression.htm [ To the contrary, because of his policies and particularly the bailouts which facilitated consummation of and even greater frauds, the real economy, the nation, taxpayers will suffer a more severe fate than even that obfuscated by bad policy in this election-year expedience! ‘… When the last financial crisis began, the U.S. national debt was about 10 trillion dollars. Today, it has risen to 15.5 trillion dollars. So Bernanke did not fix anything. The best that can be said is that he kicked the can down the road a little bit and made our long-term financial problems a lot worse at the same time. Bernanke can create money out of thin air and loan it to his friends all he wants, but he is not going to be able to prevent this house of cards from crashing down…’ . He’s as much a fraud and incompetent bozo as ‘his buds who put him there’ for their purpose / benefit. The guy’s a dope http://albertpeia.com/30bunglebenbernankequotes.htm , a fool which fact is lost on no one vis-à-vis the debased Weimar dollar http://albertpeia.com/10reasonsdollarreservecurrencyending.htm , who’s delusional http://albertpeia.com/bunglerbenfedfedsfailure.htm . He’s a total fraud! ] , 20 Signs That We Are Witnessing The Complete Collapse Of Common Sense In America http://albertpeia.com/americasdevolutionintomadness.htm http://albertpeia.com/bobobamathetraitor.htm , A View on Inflation & Keynesian Talking Points : CrownThomas : 03/29/2012 The ponzi will fail, and the economy will reset - the only question is when. http://albertpeia.com/fedponzifails.htm , Charles Hugh Smith On The Phony "Economic Recovery," Stress and "Losing It" Durden 3-30-12 Everyday Stress Can Shut Down the Brain's Chief Command Center. Neural circuits responsible for conscious self-control are highly vulnerable to even mild stress. When they shut down, primal impulses go unchecked and mental paralysis sets in. (Scientific American; subscription required, hopefully your local library has a copy) This helps explain the natural "fight or flight" response we feel when suddenly confronted with danger or potential danger, but more importantly it illuminates how we lose the ability to analyze circumstances rationally when we are "stressed out." Once our rational analytic abilities are shut down, we are prone to making a series of ill-informed and rash decisions. This has the potential to set up a destructive positive feedback loop: the more stressed out we become, the lower the quality of our decision-making, which then generates poor results that then stress us out even more, further degrading our already-impaired rational processes. This feedback loop quickly leads to "losing it completely." Doesn't this describe our increasingly dysfunctional and disconnected-from-reality legislative process? , Everything Is Going To Be Alright? http://albertpeia.com/everythingsnotalright.htmIs the U.S. economy going to be okay? Well, if the only source you listened to was the mainstream media, you would be left with the distinct impression that the U.S. economy is heading toward a full recovery and that everything is going to be alright. Unfortunately, that is not the case at all. The United States is rapidly becoming poorer as a nation and less competitive in the global marketplace. At the same time, consumer debt levels are rising, corporate debt levels are rising, state and local government debt levels are rising and the U.S. government is indulging in a debt binge unlike anything the world has ever seen. Considering the insane amount of money the U.S. government has been pumping into the economy, we should have seen a much more robust recovery by now. Instead, the employment statistics have barely moved and government dependence is at an all-time high. That is really sad, because this is as good as "the recovery" is going to get. The next major economic downturn is just around the bend, and in future years millions of us will desperately yearn for the "good old days" of 2012… , Dave’s Daily: http://www.etfdigest.com THE FIRST QUARTER GETS SOME WINDOW DRESSING 3-30-12 ‘Economic data Friday was mixed and depending on your vision or bias was spun to suit. Personal Income & Spending was a dangerously mixed bag with income down and spending up: (Personal Income .2% vs .4% expected & prior .3%. Spending .8% vs .6% expected & .4% prior. Core PCE was .1% vs .2% prior). With spending up a good portion of this goes to food and energy excluded in the “core” PCE. Since the “core” stuff is what the Bernank et al focus on it will justify ongoing ZIRP and perhaps more QE. It’s all contrived and absurd frankly.Later the Chicago PMI (62.2 vs 63 expected & prior 64) also disappointed with a miss but bulls didn’t mind.Consumer Sentiment (76.2 vs 75 expected & prior 74.3) rose and beat estimates but also has a larger stock market component than does Consumer Confidence data released previously.Bulls chose to embrace the spending side of data and Consumer Sentiment ignoring everything else.Apple’s (AAPL) share price declined on news that Google (GOOG) would be stepping up efforts to compete with Apple products like iPads and smart phones. Also much in the news was widely disseminated story that without the company’s earnings first quarter EPS for the S&P 500 would be flat versus up 1.50%. So despite the heavy weighting of shares (15-20%) in many indexes, not mention hedge fund and institutional portfolios, the stock were sold Friday. This is sector rotation of a different kind. It may only have little to do with recent stories of company sweat shops in China … , Mark Grant Explains The Farce, The Hustle, And The Scam Durden 3-30-12 When considering the financial condition of each and every country in the European Union there are certain facts that are left out and left out on purpose. In our opinion, the structural deformity of the European Union is, in itself, one of the main reasons that any attempt at a fiscal or economic fix never seems to work. Whether some proposed firewall is $760 billion or $1.3 Trillion or $13 Trillion makes no difference as in zero, nada, nothing and null. It is an IOU, a promise to pay and it is not counted in any European sovereign debt numbers nor is it counted in the figures for the European Union’s debt. It will not stop Spain or Portugal or Italy from asking for or needing money. This whole discussion is a head fake, a deception and a ruse carefully plotted out for investors in one more attempt to mislead the entire world. If you wish to be a statistic in the Greater Fool Theory be my guest but I refuse to be apart of this unadulterated scam. , Germany is Now Openly Engaging In Monetary Policies Against the ECB… What’s Next?March 30, 2012 By http://gainspainscapital.com ‘While the mainstream financial media and 99% of investors continue to believe that Germany will align itself with the EU, we’ve been pounding the table Germany will in fact look after its own interests rather than the EU’s and that it might in fact leave the Euro temporarily.We’ll start with German Finance Minister Wolfgang Schauble, who was hinting that the EU was off-track in its policies and that Germany was focusing on a “political union” NOT a “monetary union” as far back as November 2011.Wolfgang Schauble admits euro bail-out fund won’t halt crisisEurope’s “big bazooka” bail-out fund is not ready and won’t stem the debt crisis that on Tuesday pounded Italy and the European Central Bank (ECB), admitted Wolfgang Schauble, Germany’s finance minister.http://www.telegraph.co.uk/finance/financialcrisis/8924462/Wolfgang-Schauble-admits-euro-bail-out-fund-wont-halt-crisis.htmlThis is a pretty strong admission from the finance minister of the country that Europe looks to as a financial backstop…, Massive $17 Trillion Hole Found In Obamacare Durden 3-30-12 Two years ago, when introducing then promptly enacting Obamacare, the president stated that healthcare law reform would not cost a penny over $1 trillion ($900 billion to be precise), and that it would not add ‘one dime’ to the debt. It appears that this estimate may have been slightly optimistic… by a factor of 1700%. Because coincident with the recent Supreme Court debacle, in which a constitutional law president may be about to find that his magnum opus law is, in fact, unconstitutional, someone actually read the whole thing cover to cover, instead of merely relying on the CBO’s, pardon Morgan Stanley and Goldman Sachs’, funding estimates. That someone is Republican Jeff Sessions who after actually running the numbers has uncovered that the true long-term funding gap is a mind-boggling $17 trillion, just a tad more than the original sub $1 trillion forecast. This latest revelation means that total underfunded US welfare liabilities: Medicare, Medicaid and social security now amount to $99 trillion! Add to this total US debt which in 2 months will be $16 trillion, and one can see why Japan, which is about to breach 1 quadrillion in total debt (yen, but who's counting), may want to start looking in the rearview mirror for up and comer competitors. And while Obama may have been taking creative license with a number that is greater than total US GDP, he was most certainly correct when saying that Obamacare would not add a penny to US debt. Because the second the US government comes to market to fund a true total debt/GDP ratio of 750%, it is game over, and the Fed will have its hands full selling Treasury puts every waking nanosecond to have any time left for the daily 3pm stock market ramp. , This Time Is No Different - Reflections On 1929 Optimism Durden 3-30-12 When it comes to markets, the following clip, as well as memories of recent market collapses, highlights that it is usually brightest just before it's pitch black. , Stocks Odd Man Out As Every Other Asset Class Has Now Faded LTRO2 , MarketWatch Goes Full Propaganda Retard Durden 3-30-12 [ Yeah, OD on hopium causes retardation! Pathetic! ] , Guest Post: The Consumption Dysfunction Durden 3-30-12 The sharp drop in the personal savings rate in the month of February, which just hit to lowest level since January of 2008, is indicative of the problem. While personal savings rates could be bled down further to sustain the current level of subpar economic growth - the world today is vastly different than prior to the last two recessions … , Another Failed Grand Plan In Europe , European Bailout Stigma Shifts From Banks To Sovereigns As Bundesbank Refuses PIG Collateral , Treasuries Crash Back To Equity's Unreality , Is The Chinese Stock Market About To Crash? , From Enron To Sino-Forest - Same Old Song Durden 3-30-12 Enron --> Worldcom --> Adelphia --> Lehman --> MF Global --> Greece --> Sino Forest --> ???? We would rank these as some of the more notorious bankruptcies. These weren't normal course of business bankruptcies. These were dark and deviant. They have many similarities. Opaque and convoluted accounting and finances are common to them all. Whether it was Jedi for Enron, repo 105 for Lehman, or off-market swaps with Goldman for Greece, they all used every trick in the book to keep debt off balance sheet and to obfuscate the risk. It is hard to watch what is going on in Europe and not believe that Greece is just the first of many. Countries and their banks. Countries and their regions. Countries and EU programs. Banks and their national central banks. Banks and the ECB. It is hard to pin down the fatal flaw, but for us it is harder to believe that there is nothing to see there and we should happily move along. , Why The Mega Millions Jackpot Is Nothing But Another Tax On America's Poor , Greece: Now They’re Not Even Trying Anymore : testosteronepit : 03/30/2012 As Monti said, "The financial aspect of the crisis is over." For the moment. But the problems are worse than ever., California Slammed With Fukushima Radiation : George Washington : 03/30/2012 - 12:26 Fukushima Radiation Plume Hit Southern and Central California , Is Spanish Regional Debt Out Of Control? , Must Read: Jim Grant Crucifies The Fed; Explains Why A Gold Standard Is The Best Option Durden 3-30-12 In the not quite 100 years since the founding of your institution, America has exchanged central banking for a kind of central planning and the gold standard for what I will call the Ph.D. standard. I regret the changes and will propose reforms, or, I suppose, re-reforms, as my program is very much in accord with that of the founders of this institution. Have you ever read the Federal Reserve Act? The authorizing legislation projected a body “to provide for the establishment of the Federal Reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper and to establish a more effective supervision of banking in the United States, and for other purposes.” By now can we identify the operative phrase? Of course: “for other purposes.” As you prepare to mark the Fed’s centenary, may I urge you to reflect on just how far you have wandered from the intentions of the founders? The institution they envisioned would operate passively, through the discount window. It would not create credit but rather liquefy the existing stock of credit by turning good-quality commercial bills into cash— temporarily. This it would do according to the demands of the seasons and the cycle. The Fed would respond to the community, not try to anticipate or lead it. It would not override the price mechanism— as today’s Fed seems to do at every available opportunity—but yield to it. , The Insanity Of The Sarkozy Carry-Trade's Contagion Risk In 3 Charts , Chicago PMI Misses As Survey Respondents Warn Oil Price Shock "Tipping Point Fast Approaching" , The Sad Reality Of Macro Data Performance Durden 3-30-12 Presented with little comment except to note that the next time someone uses the phrase "...but the data is coming in strong..." please show this chart as US and European macro data prints have consistently missed expectations for well over a month now... , Following Greek Bond Humiliation, Europe's Biggest Equity Investor Is Slashing Its European Exposure Durden 3-30-12 Remember this from September 2010? "Norway, which has amassed the world’s second-biggest sovereign wealth fund, says Greece won’t default on its debts. “The point is, do you expect these guys to default?” said Harvinder Sian, senior fixed-income strategist at Royal Bank of Scotland Group Plc, in an interview. “Norway has taken the view that they will not. The Greek holdings are particularly interesting because the consensus in the market is that they will at some point restructure or default.” Norway says its long-term perspective will protect it from losses. “One could say we are investing for infinity."... Uhm, Big Oops. Needless to say, this stupidity was roundly mocked by Zero Hedge at the time. Yet we can only applaud the fact that unlike other European investors (read primarily Italian banks) which are merely sinking ever deeper into the quicksand by dodecatupling down on pyramid scheme assets, the Norwegian SWF finally "plans to sharply reduce its European exposure while raising investments in emerging markets and Asia-Pacific, the finance ministry said on Friday." While we ridiculed their stupidity in 2010, we applaud Norway's prudence in this case, as unlike other insolvent European entities, the crude-rich country is not falling for the latest round of central planning bullshit, and is finally acting as a fiduciary agent. "We're reducing our European exposure because we see that economic development in the global economy is changing and this should also be reflected in our investment strategy," Johnsen said. "Most likely we'll have to sell some assets in Europe." Remember: in game theory he who defects first, defects best. We expect to see many more funds openly declaring they will commence dumping European assets, all of which are buoyed 100% artificially by the ECB, and US taxpayers, shortly. , Don't Be (April) Fooled: New ETF Money Flows Still Bond-Bound , American Spending Goes Into Overdrive As Savings Plunge To 2008 Levels , Visualizing The Fed's Clogged Plumbing , The Full Math Behind The "Expanded" European Bailout Fund , Apple’s Earnings Are Masking Weakness in Stocks and the Economy Mar 30th, 2012 (Yahoo Finance) — [I]f it weren’t for Apple’s (AAPL) record results, fourth quarter profit growth for the S&P 500 would go from 6.1% to 3.0%

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Consumer spending has best gain in seven monthsBut Americans’ income barely grew and the saving rate fell to its lowest point in more than two years. (Washington Post) [ Yeah, those gas prices are a bch! Those debased dollars just ain’t what they used to be. Seems we’ve seen this pattern before … the last crash. A View on Inflation & Keynesian Talking Points : CrownThomas : 03/29/2012 The ponzi will fail, and the economy will reset - the only question is when. http://albertpeia.com/fedponzifails.htm , America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’, Q4 GDP Comes As Expected, Claims Miss Big Two Weeks In A Row Durden 3-29-12 Following last Thursday's weekly claims release we said "Initial Claims Beat Expectations, To Miss Next Week Following Revision" and sure enough, last week's 348K beat of 350K expectations has been revised wildly higher, to 364K, meaning the initial beat was not only a miss, it was wide by a mile relative to the 350K preliminary expectation. But robots do not care - all they care is the current print, which however this time also missed, printing at 359K on expectations of a 350K number. This is the first 4 week increase in the 4 week SMA since September as the weather impact of the record warm winter starts to fade away, as explained yesterday. Same gimmicks in the continuing claims number too which like everything out of the BLS is so meaningless for concurrent data, we will probably just wait until the next week revision to get a sense of what is truly happening. More troubling is that 78K people fell of extended and EUC claims as more and more drop out of the workforce. This means the unemployment rate just dropped courtesy of even more people giving up on finding work. Thank heavens for BLS math. In other news, the final Q4 GDP revision came unchanged at 3.0%, in line with expectations. There were no major changes to the components, however Personal consumption did decline modestly from the second revision's 1.52% to 1.47%. It also appears that the government has been consistently taking away less and less from "growth", detracting 0.93%, 0.89% and 0.84% with every consecutive revision. Overall, a wash, meaning March is about to close with about with 17 misses out of 19 key economic indicators. , A Cashless Society May Be Closer Than Most People Would Ever Dare To Imagine http://albertpeia.com/cashlesssocietynear.htm , Dave’s Daily: http://www.etfdigest.com DIP BUYERS EMERGE ON TIME 3-29-12‘European stocks were lower on the day on more worries about…wait for it…Greece. Seems S&P thinks they need another debt restructuring. Shocked?! I thought not. This action spilled over to U.S. stocks which started the day down despite fairly benign economic data.Jobless Claims were heralded as beating the previous week’s report. But, naturally a close look revealed revisions to the previous report increased claims by 5% or 17K claims. Even though the current data (359K) missed estimates (350K) the prior report was revised from 348K claims to 365K. Headline writers could then state claims improved. Got that? These revisions to prior claims have been consistently higher over the past 20 weeks. Elsewhere GDP data came in at 3% which matched previous data and estimates so no big deal there. Most forecasters believe economic growth will decline in the next quarter.As stated, U.S. stocks began the day in a funk but then the 2:15 PM Buy Program Express left the station on time and a reversal was at hand. Why did this happen? Window dressing as we end the quarter perhaps. (One of the more amusing headlines stated: “Trading tends to be volatile at the end of the quarter as fund managers adjust their books.” Sure, nice try!Weakening sectors were widespread featuring mostly overseas sectors like European (EFA & IEV), emerging markets (EEM & EEB), and commodities (DBC, JJC, GLD & USO). Gaining stocks were Red Hat (RHT) linked with (IGV) while profit-taking occurred with homebuilders like Hovnanian (HOV) linked with (ITB) and retailer Best Buy (BBY) linked with (XRT).Volume increased given early selling and late buy program activity. Breadth per the WSJ was negative once again…’ , Three Political Wildcards That Could Upset the Bailouts in the EuropeMarch 29, 2012 By gpc1981 ‘Much of the fiscal and monetary insanity that has come out of the EU over the last two years can be summated by one of my central global theses: European policies are determined by politics, NOT economics…’ , On Liquidity And The False Recovery Durden 3-29-12 David McWilliams (of Punk Economics) is back (previous discussions here and here) and this time he takes on the the flood of liquidity and the false recovery that has been created. Starting with a discussion of gas prices and the central banks' recklessness** behind it, he swiftly shifts to the 'shambles in Greece' where more debt is supposed to solve the problem of too much debt yet again…’ , No, It Is Not Just The Chinese New Year Durden 3-29-12 The one indicator which the Chinese Politburo can not fudge: power production and hence: demand, speaks volumes about the true state of China's economy. , Presenting America's Political Apathy: Voter Turnout Rate < 50% Durden 3-29-12 , One Government's Meat Is Any Other Man's Felony Poison Durden 3-29-12Ever feel like standing in Benny and the Centrally Planned Inkjets' shoes while in the comfort of your own home? Don't. As the following table demonstrates, doing what the US government does on a daily basis is likely to get one incarcerated, prosecuted, exiled, guillotined, bound and quartered, and most likely scapegoated by a member of the administration. , Bernanke Lecture IV Decrypted: Inflation 20, Stability 17, Progress 1 , Mike Krieger On When Central Banking Dies: China and OilDurden 3-29-12 Besides gold and silver, there is nothing that scares Central Planners (Bankers) more that oil. In their delusional world where they play god with our futures, they think they can make the sheeple do whatever they want by adjusting the settings on a printing press and can thus determine the fate of the global economy and humanity itself. What they hate more than anything else is when all of their money printing causes things like oil to rise because it exposes them for the charlatans that they are. This is why Obama is constantly attacking speculators and oil companies. It is all an attempt to scapegoat someone else for the financial nightmare that is hitting everyone’s wallet. This is why they floated the absurd idea of releasing more oil from the U.S. Strategic Petroleum Reserve and then denied it once the market failed to react vigorously enough to the rumor. This is also why Obama surely has called the Saudis up repeatedly as of later to remind them that they might see regime change unless they ramp up oil production to help his reelection. This brings us to one of the most important aspects of the entire global economy at the moment. Saudi oil production is hitting record highs at the moment. In fact if you look at the chart below you will see that the Saudis have never consistently pumped more oil than they are right now. , Which Is The True Jobless Rate Correlation? Charting The Schrödinger Unemployment Rate Durden 3-29-12 In an essay by Pimco's Tony Crescenzi, using the old and worn out title "To QE or Not to QE", which asks just that question, one of the lines of analysis focuses on the traditional conventional wisdom relationship between the jobless rate and initial claims for unemployment insurance. Tony says that this correlation leads him to believe that the unemployment rate is lower than where it official stands because, "Progress has been made, for example, on the employment front, with the six-month moving average for private payroll gains increasing to 214,000 per month in the six months ended in February 2012 from 160,000 per month in the 12 months prior. Importantly, weekly filings for initial jobless claims have fallen to a four-year low, fully 100k below year-ago levels and in territory consistent with a further decline in the unemployment rate (see Figure 1)." So far so good, and indeed if one very simplistically tracks merely the unemployment rate to jobless claims, the picture does indeed seem rosier than it currently is. The problem however, is that as always happens in this case, initial claims reflect only a discrete component of the true unemployment situation in the New Normal, which more than anything is characterized by one specific feature: the avalanche like implosion of the labor force, and the departure of millions of people, almost monthly from the labor pool, noted so very often on these pages, and recently forcing even Goldman and JP Morgan to ask whether Okun's law is not in fact broken precisely because of this. As such there is one other correlation that in our humble opinion should be tracked far more closely when trying to anticipate the unemployment rate: that of the unemployment rate but not just to initial claims, but rather to initial and continuing claims, as well as extended benefits and EUCs, which provide a far better picture of those who are truly falling out of the labor pool. And as the chart below shows, when using that far more accurate New Normal correlation, the picture is decided worse. In fact, instead of a sub-7% implied unemployment rate, the true implied unemployment rate is just over 12.5. , Brevan Howard's Three Uncertainties And One Certainty To Worry About In The US Durden 3-29-12 We discussed earlier about the Fed's ZIRP policy and the transmission mechanism through which its free-money ends up in the real-economy (or not as the case in point). Brevan Howard agrees that the outlook for the US is not plain-sailing and that US growth does indeed face cross-currents, with the labor market improving at a steady pace while aggregate demand slows. While the firm remains more stoic, seeing a generally favorable macro backdrop, they note three uncertainties and one certainty that keeps them up at night. The pace of the drop in unemployment against only trend growth leaves its sustainability uncertain; the potentially temporary easing of the European financial crisis seems increasingly uncertain; and the growing tensions in the Middle East and the uncertainty over gas prices derailing the fragile economy. However, it is the one certainty that worries us most (and them, it seems), and that is the enormous fiscal drag the US faces in 2013 which unchecked could reduce real GDP growth by more than 3 percentage points. Even if the President and the new Congress cut this by half it would still be a noticeable drag on growth. , Guest Post: Welcome to the United States of Orwell, Part 4: "Consumer Protection" Just Another Federal Reserve Power Grab , European Weakness Spreads And Accelerates , "The Apple Conundrum": Why One Fund Is Not Buying The iKool-Aid , Charting Premature Jubilation - The US Economic Growth Momentum Is Now Over Durden 3-29-12

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

How taxpayers continue to lose even as bailed out AIG earns billions in profits OPINION | Special tax breaks open a potentially costly loophole. (Washington Post) [ And not just AIG. There’s Fannie, Freddie, wall street welfare via QE’s and no prosecution of the frauds in the trillions, the inflation from which dollar debasing strategies is borne by the entire nation. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ECRI Stays with Recession Call New American | The vicious cycle is starting where lower sales, lower production, lower employment and lower income [leads] back to lower sales…BOB ADELMANN New American 3-13-12 http://albertpeia.com/ecricallsrecession.htm , STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm Both The Market and Government Are Irrational Paul Craig Roberts | One of the great economic myths is that markets are rational. Not a day passes without this myth being disproved scores of times, but the myth persists. [ 3-29,28,-12 Familiar theme of suckers’ rally into the close off lows to keep suckers sucked in and window dress another fraudulent quarter at national expense for wall street welfare. 3-26-12 As was so last pre-crash, particularly this election year of desperation, bernanke resorts to his ‘jaw-boning’ (another dog who made news called this ‘baffling them with bs’); yet, it’s fraudulent wall street that conditions ‘all’ to believe the easy money / over-printed created Weimar dollars, a clear negative (you’re paying for the wall street welfare; ie, gas, food, etc., prices { Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year. I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ } rallies those pieces of paper/computer entries via HFT algos programmed to go wild with such talk, making this a great opportunity to sell, take profits while you can, much worse to come! America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’http://albertpeia.com/10reasonsdollarreservecurrencyending.htm , I’ve Never Seen a Confluence of Negative Factors Like This 3-24-12 http://gainspainscapital.com , DAVE FRY IS RIGHT ON THE MONEY HERE! Dave’s Daily: http://www.etfdigest.com BERNANKE IN ABC MODE ON ABC 3-27-12 ‘Sure, it’s one of my favorite movie scenes and I couldn’t resist it. The Fed is in full campaign mode as great as Obama and his GOP rivals. When stock prices seem in doubt the Fed is ready to launch more assurances accommodation (money printing) will be available. Monday’s rally was typical as we head toward the end of the quarter. Hedge fund performance fees are on the line and any way to boost these profits is job one. Top holdings for hedge funds include the usual suspects: AAPL, IBM, INTC, BAC, DIS, HD etc. With little volume it’s easy for algos and hedge funds to prop stocks on little hard news. Tuesday we briefly saw more of this. Just as markets were weakening a story appeared using the Fed’s favorite oracle, the WSJ, as Fed governor Rosengren stated, “more stimulus is on the table”. Immediately HFT algos jumped and markets rose if only briefly.On its face, the Fed wants higher stock prices to boost confidence in the economy. However from a practical view ALL THEY’VE SUCCEEDED IN DOING FROM MY PERSPECTIVE IS DEBASING THE DOLLAR CREATING INFLATION…’ , And 14 of 16 On Dallas Fed Miss 3-26-12 The Dallas Fed Manufacturing Outlook just came with its largest miss of expectations in 9 months - and biggest drop in 7 months.. A 10.8 print vs expectations of 17.0 dropped the index back to its lowest since December and keeps the 'good is good but bad is better' dream alive..’, Don’t be fooled by the money illusion MarketWatch | Rising prices are making some statistics look better than they really are. [ The ‘psychological factor’ has always been a component in the valuation of securities which valuations, good or ill, collectively give rise to the ‘markets’. The mythical part is the presumption of rationality accorded the ‘market-makers’ which, despite their glaring irrationality and propensity for fraud (I’d conservatively say that wall street is comprised predominantly, I’d estimate 90%, of psycho/sociopathic personalities), is still decidedly and pathetically vis-à-vis the rest of the ‘go along to get along’ world, criminally insane wall street. { The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal } It should be obvious by now, particularly with the advent of ubiquitous, lightning fast programmed computerization, that the markets are fraudulently manipulated in a bigger way now than ever; and, not without great cost ultimately to muppets / taxpayers like you, whether in the markets or not.They do it for the money; and, sick as they are, to be screwin’ at least someone all of the time which perversely gives them pleasure! ] This is an especially great opportunity to sell / take profits with stocks floating on air in contraindicated ‘Weimar dollar bubble rally’ as preceded last crash. Suckers’ rally into the close off lows and in shades of the dot com bubble with Apple the fraudulent stock market’s one-trick pony (‘in play’, pricey, big weighting and big bang for the market buck, and compared to what). Competition will ultimately (no real breakthroughs on horizon) take a big bite out of the Apple, which along with price targets is way over valued (currently being manipulated to the upside by the ‘muppet masters’ given the 20% weighting for maximum fraudulent effect). I say this despite liking Apple. They’re loving Apple to death on fraudulent wall street which is a testament to the pathetic state of american and world technology which is horrendous. As my first computer (Apple IIc, 1986) I’m glad they survived but they’re way, way over-valued. Aside from the IPAD (at best and even that’s a stretch, and past history at that), there’s really nothing there, which is a testament to the stupidity of american consumers particularly. Wake up! What total frauds! 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm , **Guest Post: Money from Nothing - A Primer on Fake Wealth Creation and its Implications (Part 2) ZeroHedge.com 3-14-12 ‘Only in a debt-based money system could debt be curiously cast as an asset. We’ve made “extend and pretend” a quaint phrase for a burgeoning market for financial lying and profiteering aimed toward preventing the collapse of a debt- (or lack-) based system that was already doomed by its initial design to collapse.’ Election year temp jobs, trade deficit up, GDP projection down, business inventories miss, manipulations, obfuscations…** Dave’s Daily: http://www.etfdigest.com STOCK RALLY FADES WITH CDS ISSUE 3-9-12 [ Dave astutely points out: “Jobless Claims Thursday were weaker than expected (362K vs 351K expected and prior revised higher to 354K). Did you know that prior weekly Jobless Claims data has been revised higher 100% of the time over the past two years? How does that happen this consistently?” – Which I refer to as the ‘data ponzi scheme’ wherein new fake data is used to buoy markets as prior reported fake data is reconciled closer to reality. 3-15-12 Yes, and again, prior week revised up . ] Does China's Forex Policy Beggar Its Neighbors? The Wall Street Journal [ Are you sure the author didn’t mean ‘bugger its neighbors’? Sounds like it; but, it’s really all about cost structures which are far less in China which is the primary reason for China’s export success. Manipulation of currencies is an artifice that the west will ultimately prove does not work at all (all that over-printing / creating of fiat Weimar paper currencies is a time-tested loser).]Rumor planted by fed of QE3 light spurs rally, not the fake, uneconomic jobs estimate from jersey adp for election year spin purposes which only fools believe. How desperate and pathetic! For those who think this money-printing out of thin air is without cost, you’re in for a worse than rude awakening. The global markets have become a joke! This is a ‘full press’ as in ‘fiat paper printing presses in overdrive’ debased Weimar dollars / currencies that will end quite badly so take this opportunity to take profits while you can. The manipulated, contrived, and fake data has all been unaffordably ‘electioneared’ for ‘electionyeared’ spin and propaganda. Don’t be their fool! The full moon previously helped keep the contraindicated lunatics’ huge suckers’ rally going with across the board media et als complicity (infra). But not quite … reality (will) catch(es) up … you know the drill … typical suckers’ surge into the close off lows, etc.. Today’s data looked pretty bad to me, even with the manipulations/spin otherwise, ie., Durable goods orders drop by most in 3 years AP , etc.. Then there was previously the manipulated revision to make this month’s distressed, foreclosure sales (backlog) look better. Total scam! This will all end quite badly and is much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles. { http://albertpeia.com/todaysbusinesssummarylinks.htm - today’s business summary links only, by day – scroll down as well for today’s links and for more complete context – Encouraged and recommended! } This global suckers’ rally is based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare (which is being injected sub rosa, see infra), bad news, fraud, bs, and desperation alone, as suckers’ rallies ushered in the new year in a most preposterous fashion [Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’ for the superstitious so-called ‘January effect’ based on based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, bs, and desperation alone to suck suckers in and keep suckers sucked in! Don’t be their fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s using the up moves to reduce risk assets / stocks / exposure, in other words, he’s selling the rallies which is sound advice [3-12-12: I’ve previously recommended this business report; but, like everything in america, it’s gotten so bad as in the first 30 minutes I calculated approximately 6 minutes of business report and the balance predominantly advertising and some cbs network stuff before I had to turn it off – I might listen again in a year, if at all. Terrible! ]. The fundamentals/realities, current and prospective, are worse than ever. There are no systems/formulas for these unprecedentedly dire times. Don’t be their sucker! This is an especially great opportunity to sell / take profits because there’s much, much worse to come! Here’s a simple chart of the Dow’s history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als.] with lingering intoxication an explanation as the printing presses and issuance of worthless insurmountable debt paper are in full throttle globally (a testament to global blindness as the blind follow the blind) making this impending disaster at this time an especially great opportunity to sell / take profits because there’s much, much worse to come! jersey-lautenberg based adp with 100% better than expectations private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce department data? Labor dept. ue claims / ue numbers? Only a fool believes what they say! ( After One Month Respite, Pink Slips Are Flying Again Durden , Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Durden on 01/06/2012 .. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg , ) The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , ‘…technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57…’ , The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm Why earnings will continue to decline MarketWatch , 10 Things That Every American Should Know About The Federal Reserve Eco.Coll.Blog http://albertpeia.com/10thingsmustknowaboutfedreserve.htm #1 The Federal Reserve System Is A Privately Owned Banking Cartel #2 The Federal Reserve System Is A Perpetual Debt Machine #3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar #4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability #5 The Federal Reserve Is Paying Banks Not To Lend Money #6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging #7 The Federal Reserve System Is Dominated By The Big Wall Street Banks #8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913 #9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence #10 The Federal Reserve Has Become Way Too Powerful , A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm Any financial system that is based on debt is doomed to fail. Today, we are living in the greatest debt bubble that the world has ever seen … , Despite Two Thirds Of Components Declining, Empire Fed Prints At Highest Since June 2010 ZeroHedge | Chalk this one to “seasonal adjustments” or something, cause we no longer have any clue what is going on with the data fudging in America. , 20 Signs You Might Be A Typical American Worker http://albertpeia.com/20signsoftypicalamericanworker.htm , 10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm , 8 Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default http://albertpeia.com/8reasonsgreekdebtdefaultstillcoming.htm , 55 Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm ‘How is the U.S. economy doing in 2012? Unfortunately, it is not doing nearly as well as the mainstream media would have you believe. Yes, things have stabilized for the moment but this bubble of false hope will not last for long. The long-term trends that are ripping our economy and our financial system to shreds continue unabated. When you step back and look at the broader picture, it is hard to deny that we are in really bad shape and that things are rapidly getting worse. Later on in this article you will find a list of interesting facts that show the true state of the U.S. economy… , http://albertpeia.com/debtpercapita.jpg , Double-dip recession setting in across eurozone: EU Thomson | AFP , America 1950 vs. America 2012 http://albertpeia.com/downhillslideofamerica.htm , Society’s Five Stages of Economic Collapse http://albertpeia.com/5stagesofcollapse.htm David Meyer shtfplan.com March 1, 2012 , No Housing Recovery - Case Shiller Shows 8th Consecutive Month Of House Price Declines Durden 2-28-12 Little that can be added here. The December Case Shiller came, saw, and shut up all those who keep calling for a home price recovery. The Index printed at 136.71 on expectations of 137.11, with the prior revised to 138.24. The top 20 City composite was down -0.5% on expectations of a 0.35% drop. 18 out of 20 MSAs saw monthly declines in December over November… , Goldman: Germany Is Now On The Hook By €1 Trillion (Or 40% Of GDP) Durden, , 20 Economic Statistics To Use To Wake Sheeple Up From Their Entertainment-Induced Comas http://albertpeia.com/20ecostatstowakesheeple.htm , Central bank balance sheet expansion since end 2007 Mar 1st, 2012 by News (ZeroHedge) — SNB +230%; Fed +222%, BOJ +125%, BOE +87%, PBOC +93%, ECB +51%. USA Gold / PG View: Pretty strong evidence that the rally in bonds — and by extension the rally in stocks — is nothing but a charade. , 10.7 Percent: Unemployment In Europe Is Worse Than It Was At The Peak Of The Last Recession http://albertpeia.com/europeunemploymentworsethanrecession.htm The unemployment rate in the eurozone is now 10.7 percent. That is the highest the unemployment rate has been since the introduction of the euro. The unemployment rate in the eurozone never got any higher than 10.2 percent during the last recession. This is very troubling news. It was just recently announced that the eurozone has entered another recession, and already the unemployment rate is hitting new record highs… , Inflation Is A Tax And The Federal Reserve Is Taxing The Living Daylights Out Of Us http://albertpeia.com/inflationisatax.htm , Guest Post: Cause, Effects & The Fallacy Of A Return To Normalcy Durden 3-6-12, Market Takes First Big Loss Of 2012 As Investors Eye Greek Debt Swap Forbes , 15 Potentially Massive Threats To The U.S. Economy Over The Next 12 Months http://albertpeia.com/15massivethreatstoeconomy.htm , 1 Through 30 – The Coming U.S. Financial Crisis By The Numbers http://albertpeia.com/1-30usfinancialcrisiscoming.htm , Gallup Finds February US Unemployment Jumps Most Since 2010, Third Consecutive Monthly Increase Durden 3-8-12 , Initial Claims Miss Expectations, Rise For Third Consecutive Week For First Time Since August 2010 Durden 3-8-12 , Greece Has Defaulted - Which Country In Europe Is Next? http://albertpeia.com/greecehasdefaultedwhonext.htm , Five Charts That Prove We’re in a Depression and That the Federal Reserve and Washington Are Wasting Money March 12, 2012 By gpc1981 http://albertpeia.com/usindepressionfedandgovwastingmoney.htm , Broken Promises: Pensions All Over America Are Being Savagely Cut Or Are Vanishing Completely .. this exact scenario is playing out from coast to coast and in the years ahead millions of elderly Americans are going to be affected by broken promises and vanishing pensions.. http://albertpeia.com/uspensionscutorvanishing.htm , America Is Being Transformed From A Wealthy Nation Into A Poor Nation At Breathtaking Speed America is losing wealth far faster than any other nation on earth is. http://albertpeia.com/ustransformedfromwealthytopoor.htm , As US Rakes Largest Monthly Deficit In History, 2012 Tax Revenues Net Of Refunds Trail 2011 Durden 3-12-12 , Guest Post: The Audacity of Bonuses At MF Global Durden 3-12-12 In the spirit of George Orwell’s Animal Farm commandment: “all animals are equal, but some animals are more equal then others” comes the galling news that bankruptcy trustee, Louis Freeh, could approve the defunct, MF Global to pay bonuses to certain senior executives. This, despite the fact that nearly $1.6 billion of customer funds remains “missing” or otherwise partially accounted for, yet beyond the reach of those customers, perhaps forever, since before the firm declared bankruptcy on October 31, 2011... , 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm , S&P Says Improbable Any Economic Improvement Would Bring Back AAA US Rating Durden 3-15-12 Sigh: S&P says that it is impossible that any economic improvement would bring back the AAA rating US deficit progress is needed. Outlook remains negative.- And what do stocks do on latest S&P report that America is broke? Why they surge of course.... , The U.S. Economy: Soul Crushing Total System Failure http://albertpeia.com/ustotalsystemfailure.htm , Kass: The Market Is Overvalued at TheStreet By Doug Kass { Yes, this is true; but, he’s still too optimistic in that he doesn’t point out that the election year manipulations / obfuscations will cause things to end far worse than his anticipation. } , An Open Letter to All Presidential Candidates March 19, 2012 By gpc1981 http://albertpeia.com/grahamsummerswarnings.htm , Ben Bernanke Tries To Convince America That The Federal Reserve Is Good And The Gold Standard Is Bad http://albertpeia.com/benbsshalombernankesellsfedpansgoldstandard.htm [ greenspan and now bernanke are incompetent and total failures creating and exacerbating current and prospective conditions for the sake of fraudulent wall street at everyone else’s expense! ] , 10 Signs That America Is On The Verge Of A Horrible Municipal Debt Crisis http://albertpeia.com/americanmunicipaldebtcrisis.htm , Bursting The Permabullish Bubble: 11 Out Of 13 Economic Indicators Have Missed Durden 3-22-12 , Corzine Corzined - Congressional Panel Finds Former MF Global CEO Ordered JPM Fund Transfer Durden 3-23-12 [ ‘Jon S. Corzine, MF Global Holding Ltd.’s chief executive officer, gave “direct instructions” to transfer $200 million from a customer fund account to meet an overdraft in one of the brokerage’s JPMorgan Chase & Co. accounts in London, according to an e-mail sent by a firm executive. Edith O’Brien, a treasurer for the firm, said…’] , TBTF Get TBTFer: Top 5 Banks Hold 95.7%, Or $221 Trillion, Of Outstanding Derivatives Durden 3-26-12 , 10 Reasons Why The Reign Of The Dollar As The World Reserve Currency Is About To Come To An End http://albertpeia.com/10reasonsdollarreservecurrencyending.htm , Dave’s Daily: http://www.etfdigest.com BERNANKE IN ABC MODE ON ABC 3-27-12 ‘Sure, it’s one of my favorite movie scenes and I couldn’t resist it. The Fed is in full campaign mode as great as Obama and his GOP rivals. When stock prices seem in doubt the Fed is ready to launch more assurances accommodation (money printing) will be available. Monday’s rally was typical as we head toward the end of the quarter. Hedge fund performance fees are on the line and any way to boost these profits is job one. Top holdings for hedge funds include the usual suspects: AAPL, IBM, INTC, BAC, DIS, HD etc. With little volume it’s easy for algos and hedge funds to prop stocks on little hard news. Tuesday we briefly saw more of this. Just as markets were weakening a story appeared using the Fed’s favorite oracle, the WSJ, as Fed governor Rosengren stated, “more stimulus is on the table”. Immediately HFT algos jumped and markets rose if only briefly.On its face, the Fed wants higher stock prices to boost confidence in the economy. However from a practical view all they’ve succeeded in doing from my perspective is debasing the dollar creating inflation. The latter will be a problem for the next administration and even the current generation. It’s an all about “now” market in a politically charged year… , Bernanke Claims That The Fed Has Averted A Second Great Depression By Bailing Out The Too Big To Fail Banks http://albertpeia.com/weareinsecondgreatdepression.htm [ To the contrary, because of his policies and particularly the bailouts which facilitated consummation of and even greater frauds, the real economy, the nation, taxpayers will suffer a more severe fate than even that obfuscated by bad policy in this election-year expedience! ‘… When the last financial crisis began, the U.S. national debt was about 10 trillion dollars. Today, it has risen to 15.5 trillion dollars. So Bernanke did not fix anything. The best that can be said is that he kicked the can down the road a little bit and made our long-term financial problems a lot worse at the same time. Bernanke can create money out of thin air and loan it to his friends all he wants, but he is not going to be able to prevent this house of cards from crashing down…’ . He’s as much a fraud and incompetent bozo as ‘his buds who put him there’ for their purpose / benefit. The guy’s a dope http://albertpeia.com/30bunglebenbernankequotes.htm , a fool which fact is lost on no one vis-à-vis the debased Weimar dollar http://albertpeia.com/10reasonsdollarreservecurrencyending.htm , who’s delusional http://albertpeia.com/bunglerbenfedfedsfailure.htm . He’s a total fraud! ] , 20 Signs That We Are Witnessing The Complete Collapse Of Common Sense In America http://albertpeia.com/americasdevolutionintomadness.htm `http://albertpeia.com/bobobamathetraitor.htm ,` A View on Inflation & Keynesian Talking Points : CrownThomas : 03/29/2012 The ponzi will fail, and the economy will reset - the only question is when. http://albertpeia.com/fedponzifails.htm , Q4 GDP Comes As Expected, Claims Miss Big Two Weeks In A Row Durden 3-29-12 Following last Thursday's weekly claims release we said "Initial Claims Beat Expectations, To Miss Next Week Following Revision" and sure enough, last week's 348K beat of 350K expectations has been revised wildly higher, to 364K, meaning the initial beat was not only a miss, it was wide by a mile relative to the 350K preliminary expectation. But robots do not care - all they care is the current print, which however this time also missed, printing at 359K on expectations of a 350K number. This is the first 4 week increase in the 4 week SMA since September as the weather impact of the record warm winter starts to fade away, as explained yesterday. Same gimmicks in the continuing claims number too which like everything out of the BLS is so meaningless for concurrent data, we will probably just wait until the next week revision to get a sense of what is truly happening. More troubling is that 78K people fell of extended and EUC claims as more and more drop out of the workforce. This means the unemployment rate just dropped courtesy of even more people giving up on finding work. Thank heavens for BLS math. In other news, the final Q4 GDP revision came unchanged at 3.0%, in line with expectations. There were no major changes to the components, however Personal consumption did decline modestly from the second revision's 1.52% to 1.47%. It also appears that the government has been consistently taking away less and less from "growth", detracting 0.93%, 0.89% and 0.84% with every consecutive revision. Overall, a wash, meaning March is about to close with about with 17 misses out of 19 key economic indicators. , A Cashless Society May Be Closer Than Most People Would Ever Dare To Imagine http://albertpeia.com/cashlesssocietynear.htm , Dave’s Daily: http://www.etfdigest.com DIP BUYERS EMERGE ON TIME 3-29-12‘European stocks were lower on the day on more worries about…wait for it…Greece. Seems S&P thinks they need another debt restructuring. Shocked?! I thought not. This action spilled over to U.S. stocks which started the day down despite fairly benign economic data.Jobless Claims were heralded as beating the previous week’s report. But, naturally a close look revealed revisions to the previous report increased claims by 5% or 17K claims. Even though the current data (359K) missed estimates (350K) the prior report was revised from 348K claims to 365K. Headline writers could then state claims improved. Got that? These revisions to prior claims have been consistently higher over the past 20 weeks. Elsewhere GDP data came in at 3% which matched previous data and estimates so no big deal there. Most forecasters believe economic growth will decline in the next quarter.As stated, U.S. stocks began the day in a funk but then the 2:15 PM Buy Program Express left the station on time and a reversal was at hand. Why did this happen? Window dressing as we end the quarter perhaps. (One of the more amusing headlines stated: “Trading tends to be volatile at the end of the quarter as fund managers adjust their books.” Sure, nice try!Weakening sectors were widespread featuring mostly overseas sectors like European (EFA & IEV), emerging markets (EEM & EEB), and commodities (DBC, JJC, GLD & USO). Gaining stocks were Red Hat (RHT) linked with (IGV) while profit-taking occurred with homebuilders like Hovnanian (HOV) linked with (ITB) and retailer Best Buy (BBY) linked with (XRT).Volume increased given early selling and late buy program activity. Breadth per the WSJ was negative once again…’ , Three Political Wildcards That Could Upset the Bailouts in the EuropeMarch 29, 2012 By gpc1981 ‘Much of the fiscal and monetary insanity that has come out of the EU over the last two years can be summated by one of my central global theses: European policies are determined by politics, NOT economics…’ , On Liquidity And The False Recovery Durden 3-29-12 David McWilliams (of Punk Economics) is back (previous discussions here and here) and this time he takes on the the flood of liquidity and the false recovery that has been created. Starting with a discussion of gas prices and the central banks' recklessness behind it, he swiftly shifts to the 'shambles in Greece' where more debt is supposed to solve the problem of too much debt yet again…’ , No, It Is Not Just The Chinese New Year Durden 3-29-12 The one indicator which the Chinese Politburo can not fudge: power production and hence: demand*, speaks volumes about the true state of China's economy. , Presenting America's Political Apathy: Voter Turnout Rate < 50% Durden 3-29-12 , One Government's Meat Is Any Other Man's Felony Poison Durden 3-29-12Ever feel like standing in Benny and the Centrally Planned Inkjets' shoes while in the comfort of your own home? Don't. As the following table demonstrates, doing what the US government does on a daily basis is likely to get one incarcerated, prosecuted, exiled, guillotined, bound and quartered, and most likely scapegoated by a member of the administration. , Bernanke Lecture IV Decrypted: Inflation 20, Stability 17, Progress 1 , Mike Krieger On When Central Banking Dies: China and OilDurden 3-29-12 Besides gold and silver, there is nothing that scares Central Planners (Bankers) more that oil. In their delusional world where they play god with our futures, they think they can make the sheeple do whatever they want by adjusting the settings on a printing press and can thus determine the fate of the global economy and humanity itself. What they hate more than anything else is when all of their money printing causes things like oil to rise because it exposes them for the charlatans that they are. This is why Obama is constantly attacking speculators and oil companies. It is all an attempt to scapegoat someone else for the financial nightmare that is hitting everyone’s wallet. This is why they floated the absurd idea of releasing more oil from the U.S. Strategic Petroleum Reserve and then denied it once the market failed to react vigorously enough to the rumor. This is also why Obama surely has called the Saudis up repeatedly as of later to remind them that they might see regime change unless they ramp up oil production to help his reelection. This brings us to one of the most important aspects of the entire global economy at the moment. Saudi oil production is hitting record highs at the moment. In fact if you look at the chart below you will see that the Saudis have never consistently pumped more oil than they are right now. , Which Is The True Jobless Rate Correlation? Charting The Schrödinger Unemployment Rate Durden 3-29-12 In an essay by Pimco's Tony Crescenzi, using the old and worn out title "To QE or Not to QE", which asks just that question, one of the lines of analysis focuses on the traditional conventional wisdom relationship between the jobless rate and initial claims for unemployment insurance. Tony says that this correlation leads him to believe that the unemployment rate is lower than where it official stands because, "Progress has been made, for example, on the employment front, with the six-month moving average for private payroll gains increasing to 214,000 per month in the six months ended in February 2012 from 160,000 per month in the 12 months prior. Importantly, weekly filings for initial jobless claims have fallen to a four-year low, fully 100k below year-ago levels and in territory consistent with a further decline in the unemployment rate (see Figure 1)." So far so good, and indeed if one very simplistically tracks merely the unemployment rate to jobless claims, the picture does indeed seem rosier than it currently is. The problem however, is that as always happens in this case, initial claims reflect only a discrete component of the true unemployment situation in the New Normal, which more than anything is characterized by one specific feature: the avalanche like implosion of the labor force, and the departure of millions of people, almost monthly from the labor pool, noted so very often on these pages, and recently forcing even Goldman and JP Morgan to ask whether Okun's law is not in fact broken precisely because of this. As such there is one other correlation that in our humble opinion should be tracked far more closely when trying to anticipate the unemployment rate: that of the unemployment rate but not just to initial claims, but rather to initial and continuing claims, as well as extended benefits and EUCs, which provide a far better picture of those who are truly falling out of the labor pool. And as the chart below shows, when using that far more accurate New Normal correlation, the picture is decided worse. In fact, instead of a sub-7% implied unemployment rate, the true implied unemployment rate is just over 12.5. , Brevan Howard's Three Uncertainties And One Certainty To Worry About In The US Durden 3-29-12 We discussed earlier about the Fed's ZIRP policy and the transmission mechanism through which its free-money ends up in the real-economy (or not as the case in point). Brevan Howard agrees that the outlook for the US is not plain-sailing and that US growth does indeed face cross-currents, with the labor market improving at a steady pace while aggregate demand slows. While the firm remains more stoic, seeing a generally favorable macro backdrop, they note three uncertainties and one certainty that keeps them up at night. The pace of the drop in unemployment against only trend growth leaves its sustainability uncertain; the potentially temporary easing of the European financial crisis seems increasingly uncertain; and the growing tensions in the Middle East and the uncertainty over gas prices derailing the fragile economy. However, it is the one certainty that worries us most (and them, it seems), and that is the enormous fiscal drag the US faces in 2013 which unchecked could reduce real GDP growth by more than 3 percentage points. Even if the President and the new Congress cut this by half it would still be a noticeable drag on growth. , Guest Post: Welcome to the United States of Orwell, Part 4: "Consumer Protection" Just Another Federal Reserve Power Grab , European Weakness Spreads And Accelerates , "The Apple Conundrum": Why One Fund Is Not Buying The iKool-Aid , Charting Premature Jubilation - The US Economic Growth Momentum Is Now Over Durden 3-29-12

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Euro zone ministers agree to pump up bailout fund to nearly $1 trillion Finance ministers say they will increase commitments for a new permanent bailout fund to $667B. (Washington Post) [ Well, there you go; nothing to worry about now with the american approach of printing money you don’t really have in terms of real economic value. Sounds like a plan … NOT! Europe’s Bazooka Will Fire Blanks… Good Luck Killing the Crisis With ThatMarch 28, 2012 By gpc1981 Europe continues to take a page out of Hank Paulson’s “Crisis Combat” booklet, by unveiling one monetary “bazooka” after another. Obviously, EU leaders didn’t notice that Paulson’s “bazooka” completely failed to stop the 2008 Crash.Even more strangely, they keep pulling out bazooka after bazooka, first unveiling the EFSF which was supposed to raise €1 trillion but failed to raise even €10 billion without having to intervene in its own bond auctions.Then came the ESM, which was supposed to be another mega-bailout fund, which as before, is having trouble raising funds. After all, if one bailout fund is a dud, why would launching another fix anything?Oh, and I forgot to mention that both bailout funds will be leveraged… which Europe obviously doesn’t have enough of already (the EU banking system as a whole is leveraged at 26 to 1. Lehman Brothers was at 30-to-1 when it imploded). , US Debt Ceiling D-Day: September 14, 2012 Durden America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’

Three Political Wildcards That Could Upset the Bailouts in the Europe

March 29, 2012 By gpc1981

‘Much of the fiscal and monetary insanity that has come out of the EU over the last two years can be summated by one of my central global theses:

European policies are determined by politics, NOT economics.

What I mean by this is that economic realities do not determine political decisions as they do in the US. One can see this quite clearly in the manner in which EU leaders have pushed for bailouts and austerity measures despite the clear evidence that doing so has actually exacerbated the EU’s problems and failed to help those countries on the receiving end (Greece, Ireland, Portugal).

With that in mind, we must acknowledge that EU leaders will continue on their current path of more bailouts until one of two things happens:

1) The political consequences of maintaining this strategy outweigh the benefits

2) The European markets force EU leaders’ hands

Regarding #1, this process is already well underway for those countries needing bailouts. Investors must be aware that the Governments of Ireland, Portugal, Spain, and Italy have all watched/are watching the Greece situation closely.

Moreover we can safely assume that the topic of defaulting vs. asking for bailouts in return for austerity measures has been discussed at the highest levels of these countries’ respective Governments (more on this in a moment).

These discussions are also underway at those countries that are providing bailout funds. German politicians have won major political points with German voters for playing hardball with Greece. As I’ve stated before Germany may in fact be the country that ends up walking if EU continues down its current path of bailout madness.

With that in mind, there are three key political developments coming up.

1) Ireland’s upcoming referendum

2) Greece’s upcoming election

3) France’s upcoming elections (April and May)

Regarding #1, Ireland will be staging a referendum regarding the new fiscal requirements of the EU sometime before October. While the actual date has yet to be set, Ireland will likely stage its referendum after the French elections in (April and/or May… more on this in a moment).

Ireland has already staged two referendums which Irish citizens voted AGAINST until various concessions were made. This time around the primary concession being discussed is potential debt forgiveness (the country definitely needs it). Indeed, according the Boston Consulting Group, Ireland needs to write-off some €340 billion in debt just to make its debt levels “sustainable.”

So Ireland could easily be a wildcard here. The country is already in recession. So we need to monitor developments there as this referendum could go very, very wrong for the EU.

However, the BIG election of note is that of France where the current frontrunners are Nicolas Sarkozy (Angela Merkel’s right hand man in trying to take control of the EU) and super-socialist François Hollande.

A few facts about Hollande:

1) He just proposed raising tax rates on high-income earners from 41% to 75%.

2) He wants to lower the retirement age to 60.

3) He completely goes against the recent new EU fiscal requirements Merkel just convinced 17 EU members to agree to and has promised to try and renegotiate them to be looser.

Currently polls have Sarkozy and Hollande securing the top slots in the first round of the election on April 22. This would then lead to a second election in May which current polls show Hollande winning (this has been the case in all polls for over two months).

However, there’s now another leftist wildcard coming into the mix: communist Jean-Luc Mélenchon who is now taking 11% in the polls (he was at 5% last month). And Mélenchon’s primary campaign message? Rejecting austerity measures completely via “civic uprising.”

Now, Mélenchon could end up taking votes away from Hollande thereby allowing Sarkozy to win. It’s difficult to say how this will play out. But if Sarkozy loses to either of these candidates, then the EU in its current form will crumble as Germany loses its principle ally in pushing for fiscal reform and austerity measures.

Finally, let’s not forget Greece where politicians are now pushing for an election on April 29 or May 6 (the Second Bailout was passed based on new parliamentary elections being held soon after).

This could be yet another wildcard as it is around the time of the French elections, which Greek politicians will be watching closely. Remember, the key data points regarding Greece’s economy:

1) A 20% economic contraction over the last five years

2) Unemployment north of 20% and youth unemployment over 50%

3) Unfunded liabilities equal to 800% of GDP courtesy of an aging population and shrinking working population (which is shrinking all the time as youth leave the country in search of jobs)

These facts will not play out in a victory for “pro-bailout” politicians. So the Greece deal, which is supposed to solve Greece’s problems, could actually be in danger based on a change in politics.

Remember, as stated before, politics determine European policies, not economics. And Europe now appears to be shifting towards a more leftist/ anti-austerity measure political environment. If this shift is cemented in the coming Greek, French, and Irish elections/ referendums, then things could get ugly in the Eurozone VERY quickly.

With that in mind, I believe that the European markets will force EU leaders’ hands sometime in the May-June window. Indeed, we have a confluence of negative factors (monetary, political, technical, etc.) hitting during that window of time, which is unlike anything I’ve ever seen before. And unlike the 2008 Crisis, the Central Banks won’t be able to rein this collapse in...’

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

German effort to save euro zone comes at a costThe country has put a chunk of its wealth at risk to save the euro, but demanded stiff concessions in return. Will it prove to be a good deal? (Washington Post) [ Good deal? It’s no longer even a good bet! Europe’s Bazooka Will Fire Blanks… Good Luck Killing the Crisis With ThatMarch 28, 2012 By gpc1981 Europe continues to take a page out of Hank Paulson’s “Crisis Combat” booklet, by unveiling one monetary “bazooka” after another. Obviously, EU leaders didn’t notice that Paulson’s “bazooka” completely failed to stop the 2008 Crash.Even more strangely, they keep pulling out bazooka after bazooka, first unveiling the EFSF which was supposed to raise €1 trillion but failed to raise even €10 billion without having to intervene in its own bond auctions.Then came the ESM, which was supposed to be another mega-bailout fund, which as before, is having trouble raising funds. After all, if one bailout fund is a dud, why would launching another fix anything?Oh, and I forgot to mention that both bailout funds will be leveraged… which Europe obviously doesn’t have enough of already (the EU banking system as a whole is leveraged at 26 to 1. Lehman Brothers was at 30-to-1 when it imploded). , US Debt Ceiling D-Day: September 14, 2012 Durden 3-28-12 Earlier today, outgoing Treasury Secretary and tax challenged part-time pathological liar (see here) Tim Geithner said that any worries of the US debt ceiling are misplaced, and that at best such an event would occur "late in the year" (and to think the August 2011 extended $16.394 trillion debt ceiling was supposed to last well into 2013). Naturally, coming from Geithner, it meant this statement was a flat out lie the second it left his mouth, which is why we decided to do our own analysis of just when the latest and greatest debt ceiling would be breached. The answer is that at the current rate of debt issuance, which incidentally is going to accelerate sharply due to the recent extension of the payroll tax cuts which will require an incremental $100-150 billion total debt to be funded, and extrapolating future issuance solely on historical patterns, the US debt ceiling D-Day will be September 14, 2012. This means that there will be just over 6 weeks for the GOP to hijack each and every presidential debate before the November election with just this topic. Because there will hardly be anything more humiliating for Obama than to have to defend his platform even as the country is once again past the verge of insolvency, and forced to "commingle" retirement funds to keep Treasury operations running. Which incidentally is just as we predicted would happen when we explained why the GOP fast shelved the payroll tax debate so rapidly. It was nothing but a prelude to precisely this. Because once it is raised, and it will be raised of course, next up will be yet another ratings downgrade by S&P and this time, Moody's as well. All of which will most likely happen before November.

The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ECRI Stays with Recession Call New American | The vicious cycle is starting where lower sales, lower production, lower employment and lower income [leads] back to lower sales…BOB ADELMANN New American 3-13-12 http://albertpeia.com/ecricallsrecession.htm , STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm Both The Market and Government Are Irrational Paul Craig Roberts | One of the great economic myths is that markets are rational. Not a day passes without this myth being disproved scores of times, but the myth persists. [ 3-28-12 Familiar theme of suckers rally into the close off lows to keep suckers sucked in. 3-26-12 As was so last pre-crash, particularly this election year of desperation, bernanke resorts to his ‘jaw-boning’ (another dog who made news called this ‘baffling them with bs’); yet, it’s fraudulent wall street that conditions ‘all’ to believe the easy money / over-printed created Weimar dollars, a clear negative (you’re paying for the wall street welfare; ie, gas, food, etc., prices { Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year. I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ } rallies those pieces of paper/computer entries via HFT algos programmed to go wild with such talk, making this a great opportunity to sell, take profits while you can, much worse to come! http://albertpeia.com/10reasonsdollarreservecurrencyending.htm , I’ve Never Seen a Confluence of Negative Factors Like This 3-24-12 http://gainspainscapital.com , DAVE FRY IS RIGHT ON THE MONEY HERE! Dave’s Daily: http://www.etfdigest.com BERNANKE IN ABC MODE ON ABC 3-27-12 ‘Sure, it’s one of my favorite movie scenes and I couldn’t resist it. The Fed is in full campaign mode as great as Obama and his GOP rivals. When stock prices seem in doubt the Fed is ready to launch more assurances accommodation (money printing) will be available. Monday’s rally was typical as we head toward the end of the quarter. Hedge fund performance fees are on the line and any way to boost these profits is job one. Top holdings for hedge funds include the usual suspects: AAPL, IBM, INTC, BAC, DIS, HD etc. With little volume it’s easy for algos and hedge funds to prop stocks on little hard news. Tuesday we briefly saw more of this. Just as markets were weakening a story appeared using the Fed’s favorite oracle, the WSJ, as Fed governor Rosengren stated, “more stimulus is on the table”. Immediately HFT algos jumped and markets rose if only briefly.On its face, the Fed wants higher stock prices to boost confidence in the economy. However from a practical view ALL THEY’VE SUCCEEDED IN DOING FROM MY PERSPECTIVE IS DEBASING THE DOLLAR CREATING INFLATION…’ , And 14 of 16 On Dallas Fed Miss 3-26-12 The Dallas Fed Manufacturing Outlook just came with its largest miss of expectations in 9 months - and biggest drop in 7 months.. A 10.8 print vs expectations of 17.0 dropped the index back to its lowest since December and keeps the 'good is good but bad is better' dream alive..’, Don’t be fooled by the money illusion MarketWatch | Rising prices are making some statistics look better than they really are. [ The ‘psychological factor’ has always been a component in the valuation of securities which valuations, good or ill, collectively give rise to the ‘markets’. The mythical part is the presumption of rationality accorded the ‘market-makers’ which, despite their glaring irrationality and propensity for fraud (I’d conservatively say that wall street is comprised predominantly, I’d estimate 90%, of psycho/sociopathic personalities), is still decidedly and pathetically vis-à-vis the rest of the ‘go along to get along’ world, criminally insane wall street. { The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal } It should be obvious by now, particularly with the advent of ubiquitous, lightning fast programmed computerization, that the markets are fraudulently manipulated in a bigger way now than ever; and, not without great cost ultimately to muppets / taxpayers like you, whether in the markets or not.They do it for the money; and, sick as they are, to be screwin’ at least someone all of the time which perversely gives them pleasure! ] This is an especially great opportunity to sell / take profits with stocks floating on air in contraindicated ‘Weimar dollar bubble rally’ as preceded last crash. Suckers’ rally into the close off lows and in shades of the dot com bubble with Apple the fraudulent stock market’s one-trick pony (‘in play’, pricey, big weighting and big bang for the market buck, and compared to what). Competition will ultimately (no real breakthroughs on horizon) take a big bite out of the Apple, which along with price targets is way over valued (currently being manipulated to the upside by the ‘muppet masters’ given the 20% weighting for maximum fraudulent effect). I say this despite liking Apple. They’re loving Apple to death on fraudulent wall street which is a testament to the pathetic state of american and world technology which is horrendous. As my first computer (Apple IIc, 1986) I’m glad they survived but they’re way, way over-valued. Aside from the IPAD (at best and even that’s a stretch, and past history at that), there’s really nothing there, which is a testament to the stupidity of american consumers particularly. Wake up! What total frauds! 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm , Guest Post: Money from Nothing - A Primer on Fake Wealth Creation and its Implications (Part 2) **ZeroHedge.com 3-14-12 ‘Only in a debt-based money system could debt be curiously cast as an asset. We’ve made “extend and pretend” a quaint phrase for a burgeoning market for financial lying and profiteering aimed toward preventing the collapse of a debt- (or lack-) based system that was already doomed by its initial design to collapse.’ Election year temp jobs, trade deficit up, GDP projection down, business inventories miss, manipulations, obfuscations… Dave’s Daily: http://www.etfdigest.com** STOCK RALLY FADES WITH CDS ISSUE 3-9-12 [ Dave astutely points out: “Jobless Claims Thursday were weaker than expected (362K vs 351K expected and prior revised higher to 354K). Did you know that prior weekly Jobless Claims data has been revised higher 100% of the time over the past two years? How does that happen this consistently?” – Which I refer to as the ‘data ponzi scheme’ wherein new fake data is used to buoy markets as prior reported fake data is reconciled closer to reality. 3-15-12 Yes, and again, prior week revised up . ] Does China's Forex Policy Beggar Its Neighbors? The Wall Street Journal [ Are you sure the author didn’t mean ‘bugger its neighbors’? Sounds like it; but, it’s really all about cost structures which are far less in China which is the primary reason for China’s export success. Manipulation of currencies is an artifice that the west will ultimately prove does not work at all (all that over-printing / creating of fiat Weimar paper currencies is a time-tested loser).]Rumor planted by fed of QE3 light spurs rally, not the fake, uneconomic jobs estimate from jersey adp for election year spin purposes which only fools believe. How desperate and pathetic! For those who think this money-printing out of thin air is without cost, you’re in for a worse than rude awakening. The global markets have become a joke! This is a ‘full press’ as in ‘fiat paper printing presses in overdrive’ debased Weimar dollars / currencies that will end quite badly so take this opportunity to take profits while you can. The manipulated, contrived, and fake data has all been unaffordably ‘electioneared’ for ‘electionyeared’ spin and propaganda. Don’t be their fool! The full moon previously helped keep the contraindicated lunatics’ huge suckers’ rally going with across the board media et als complicity (infra). But not quite … reality (will) catch(es) up … you know the drill … typical suckers’ surge into the close off lows, etc.. Today’s data looked pretty bad to me, even with the manipulations/spin otherwise, ie., Durable goods orders drop by most in 3 years AP , etc.. Then there was previously the manipulated revision to make this month’s distressed, foreclosure sales (backlog) look better. Total scam! This will all end quite badly and is much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles. { http://albertpeia.com/todaysbusinesssummarylinks.htm - today’s business summary links only, by day – scroll down as well for today’s links and for more complete context – Encouraged and recommended! } This global suckers’ rally is based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare (which is being injected sub rosa, see infra), bad news, fraud, bs, and desperation alone, as suckers’ rallies ushered in the new year in a most preposterous fashion [Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’ for the superstitious so-called ‘January effect’ based on based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, bs, and desperation alone to suck suckers in and keep suckers sucked in! Don’t be their fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s using the up moves to reduce risk assets / stocks / exposure, in other words, he’s selling the rallies which is sound advice [3-12-12: I’ve previously recommended this business report; but, like everything in america, it’s gotten so bad as in the first 30 minutes I calculated approximately 6 minutes of business report and the balance predominantly advertising and some cbs network stuff before I had to turn it off – I might listen again in a year, if at all. Terrible! ]. The fundamentals/realities, current and prospective, are worse than ever. There are no systems/formulas for these unprecedentedly dire times. Don’t be their sucker! This is an especially great opportunity to sell / take profits because there’s much, much worse to come! Here’s a simple chart of the Dow’s history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als.] with lingering intoxication an explanation as the printing presses and issuance of worthless insurmountable debt paper are in full throttle globally (a testament to global blindness as the blind follow the blind) making this impending disaster at this time an especially great opportunity to sell / take profits because there’s much, much worse to come! jersey-lautenberg based adp with 100% better than expectations private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce department data? Labor dept. ue claims / ue numbers? Only a fool believes what they say! ( After One Month Respite, Pink Slips Are Flying Again Durden , Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Durden on 01/06/2012 .. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg , ) The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , ‘…technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57…’ , The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm Why earnings will continue to decline MarketWatch , 10 Things That Every American Should Know About The Federal Reserve Eco.Coll.Blog http://albertpeia.com/10thingsmustknowaboutfedreserve.htm #1 The Federal Reserve System Is A Privately Owned Banking Cartel #2 The Federal Reserve System Is A Perpetual Debt Machine #3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar #4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability #5 The Federal Reserve Is Paying Banks Not To Lend Money #6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging #7 The Federal Reserve System Is Dominated By The Big Wall Street Banks #8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913 #9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence #10 The Federal Reserve Has Become Way Too Powerful , A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm Any financial system that is based on debt is doomed to fail. Today, we are living in the greatest debt bubble that the world has ever seen … , Despite Two Thirds Of Components Declining, Empire Fed Prints At Highest Since June 2010 ZeroHedge | Chalk this one to “seasonal adjustments” or something, cause we no longer have any clue what is going on with the data fudging in America. , 20 Signs You Might Be A Typical American Worker http://albertpeia.com/20signsoftypicalamericanworker.htm , 10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm , 8 Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default http://albertpeia.com/8reasonsgreekdebtdefaultstillcoming.htm , 55 Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm ‘How is the U.S. economy doing in 2012? Unfortunately, it is not doing nearly as well as the mainstream media would have you believe. Yes, things have stabilized for the moment but this bubble of false hope will not last for long. The long-term trends that are ripping our economy and our financial system to shreds continue unabated. When you step back and look at the broader picture, it is hard to deny that we are in really bad shape and that things are rapidly getting worse. Later on in this article you will find a list of interesting facts that show the true state of the U.S. economy… , http://albertpeia.com/debtpercapita.jpg , Double-dip recession setting in across eurozone: EU ***Thomson* | AFP , America 1950 vs. America 2012 http://albertpeia.com/downhillslideofamerica.htm , Society’s Five Stages of Economic Collapse http://albertpeia.com/5stagesofcollapse.htm David Meyer shtfplan.com March 1, 2012 , No Housing Recovery - Case Shiller Shows 8th Consecutive Month Of House Price Declines Durden 2-28-12 Little that can be added here. The December Case Shiller came, saw, and shut up all those who keep calling for a home price recovery. The Index printed at 136.71 on expectations of 137.11, with the prior revised to 138.24. The top 20 City composite was down -0.5% on expectations of a 0.35% drop. 18 out of 20 MSAs saw monthly declines in December over November… , Goldman: Germany Is Now On The Hook By €1 Trillion (Or 40% Of GDP) Durden, , 20 Economic Statistics To Use To Wake Sheeple Up From Their Entertainment-Induced Comas http://albertpeia.com/20ecostatstowakesheeple.htm , Central bank balance sheet expansion since end 2007 Mar 1st, 2012 by News (ZeroHedge) — SNB +230%; Fed +222%, BOJ +125%, BOE +87%, PBOC +93%, ECB +51%. USA Gold / PG View: Pretty strong evidence that the rally in bonds — and by extension the rally in stocks — is nothing but a charade. , 10.7 Percent: Unemployment In Europe Is Worse Than It Was At The Peak Of The Last Recession http://albertpeia.com/europeunemploymentworsethanrecession.htm The unemployment rate in the eurozone is now 10.7 percent. That is the highest the unemployment rate has been since the introduction of the euro. The unemployment rate in the eurozone never got any higher than 10.2 percent during the last recession. This is very troubling news. It was just recently announced that the eurozone has entered another recession, and already the unemployment rate is hitting new record highs… , Inflation Is A Tax And The Federal Reserve Is Taxing The Living Daylights Out Of Us http://albertpeia.com/inflationisatax.htm , Guest Post: Cause, Effects & The Fallacy Of A Return To Normalcy Durden 3-6-12, Market Takes First Big Loss Of 2012 As Investors Eye Greek Debt Swap Forbes , 15 Potentially Massive Threats To The U.S. Economy Over The Next 12 Months http://albertpeia.com/15massivethreatstoeconomy.htm , 1 Through 30 – The Coming U.S. Financial Crisis By The Numbers http://albertpeia.com/1-30usfinancialcrisiscoming.htm , Gallup Finds February US Unemployment Jumps Most Since 2010, Third Consecutive Monthly Increase Durden 3-8-12 , Initial Claims Miss Expectations, Rise For Third Consecutive Week For First Time Since August 2010 Durden 3-8-12 , Greece Has Defaulted - Which Country In Europe Is Next? http://albertpeia.com/greecehasdefaultedwhonext.htm , Five Charts That Prove We’re in a Depression and That the Federal Reserve and Washington Are Wasting Money March 12, 2012 By gpc1981 http://albertpeia.com/usindepressionfedandgovwastingmoney.htm , Broken Promises: Pensions All Over America Are Being Savagely Cut Or Are Vanishing Completely .. this exact scenario is playing out from coast to coast and in the years ahead millions of elderly Americans are going to be affected by broken promises and vanishing pensions.. http://albertpeia.com/uspensionscutorvanishing.htm , America Is Being Transformed From A Wealthy Nation Into A Poor Nation At Breathtaking Speed America is losing wealth far faster than any other nation on earth is. http://albertpeia.com/ustransformedfromwealthytopoor.htm , As US Rakes Largest Monthly Deficit In History, 2012 Tax Revenues Net Of Refunds Trail 2011 Durden 3-12-12 , Guest Post: The Audacity of Bonuses At MF Global Durden 3-12-12** In the spirit of George Orwell’s Animal Farm commandment: “all animals are equal, but some animals are more equal then others” comes the galling news that bankruptcy trustee, Louis Freeh, could approve the defunct, MF Global to pay bonuses to certain senior executives. This, despite the fact that nearly $1.6 billion of customer funds remains “missing” or otherwise partially accounted for, yet beyond the reach of those customers, perhaps forever, since before the firm declared bankruptcy on October 31, 2011... , 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm , S&P Says Improbable Any Economic Improvement Would Bring Back AAA US Rating Durden 3-15-12 Sigh: S&P says that it is impossible that any economic improvement would bring back the AAA rating US deficit progress is needed. Outlook remains negative.- And what do stocks do on latest S&P report that America is broke? Why they surge of course.... , The U.S. Economy: Soul Crushing Total System Failure http://albertpeia.com/ustotalsystemfailure.htm , Kass: The Market Is Overvalued at TheStreet By Doug Kass { Yes, this is true; but, he’s still too optimistic in that he doesn’t point out that the election year manipulations / obfuscations will cause things to end far worse than his anticipation. } , An Open Letter to All Presidential Candidates March 19, 2012 By gpc1981 http://albertpeia.com/grahamsummerswarnings.htm , Ben Bernanke Tries To Convince America That The Federal Reserve Is Good And The Gold Standard Is Bad http://albertpeia.com/benbsshalombernankesellsfedpansgoldstandard.htm [ greenspan and now bernanke are incompetent and total failures creating and exacerbating current and prospective conditions for the sake of fraudulent wall street at everyone else’s expense! ] , 10 Signs That America Is On The Verge Of A Horrible Municipal Debt Crisis http://albertpeia.com/americanmunicipaldebtcrisis.htm , Bursting The Permabullish Bubble: 11 Out Of 13 Economic Indicators Have Missed Durden 3-22-12 , Corzine Corzined - Congressional Panel Finds Former MF Global CEO Ordered JPM Fund Transfer Durden 3-23-12 [ ‘Jon S. Corzine, MF Global Holding Ltd.’s chief executive officer, gave “direct instructions” to transfer $200 million from a customer fund account to meet an overdraft in one of the brokerage’s JPMorgan Chase & Co. accounts in London, according to an e-mail sent by a firm executive. Edith O’Brien, a treasurer for the firm, said…’] , TBTF Get TBTFer: Top 5 Banks Hold 95.7%, Or $221 Trillion, Of Outstanding Derivatives Durden 3-26-12 , 10 Reasons Why The Reign Of The Dollar As The World Reserve Currency Is About To Come To An End http://albertpeia.com/10reasonsdollarreservecurrencyending.htm , Dave’s Daily: http://www.etfdigest.com BERNANKE IN ABC MODE ON ABC 3-27-12 ‘Sure, it’s one of my favorite movie scenes and I couldn’t resist it. The Fed is in full campaign mode as great as Obama and his GOP rivals. When stock prices seem in doubt the Fed is ready to launch more assurances accommodation (money printing) will be available. Monday’s rally was typical as we head toward the end of the quarter. Hedge fund performance fees are on the line and any way to boost these profits is job one. Top holdings for hedge funds include the usual suspects: AAPL, IBM, INTC, BAC, DIS, HD etc. With little volume it’s easy for algos and hedge funds to prop stocks on little hard news. Tuesday we briefly saw more of this. Just as markets were weakening a story appeared using the Fed’s favorite oracle, the WSJ, as Fed governor Rosengren stated, “more stimulus is on the table”. Immediately HFT algos jumped and markets rose if only briefly.On its face, the Fed wants higher stock prices to boost confidence in the economy. However from a practical view all they’ve succeeded in doing from my perspective is debasing the dollar creating inflation. The latter will be a problem for the next administration and even the current generation. It’s an all about “now” market in a politically charged year… , Bernanke Claims That The Fed Has Averted A Second Great Depression By Bailing Out The Too Big To Fail Banks http://albertpeia.com/weareinsecondgreatdepression.htm [ To the contrary, because of his policies and particularly the bailouts which facilitated consummation of and even greater frauds, the real economy, the nation, taxpayers will suffer a more severe fate than even that obfuscated by bad policy in this election-year expedience! ‘… When the last financial crisis began, the U.S. national debt was about 10 trillion dollars. Today, it has risen to 15.5 trillion* dollars. So Bernanke did not fix anything. The best that can be said is that he kicked the can down the road a little bit and made our long-term financial problems a lot worse at the same time. Bernanke can create money out of thin air and loan it to his friends all he wants, but he is not going to be able to prevent this house of cards from crashing down…’ . He’s as much a fraud and incompetent bozo as ‘his buds who put him there’ for their purpose / benefit. The guy’s a dope http://albertpeia.com/30bunglebenbernankequotes.htm , a fool which fact is lost on no one vis-à-vis the debased Weimar dollar http://albertpeia.com/10reasonsdollarreservecurrencyending.htm , who’s delusional http://albertpeia.com/bunglerbenfedfedsfailure.htm . He’s a total fraud! ] , 20 Signs That We Are Witnessing The Complete Collapse Of Common Sense In America http://albertpeia.com/americasdevolutionintomadness.htm http://albertpeia.com/bobobamathetraitor.htm `,` Europe’s Bazooka Will Fire Blanks… Good Luck Killing the Crisis With ThatMarch 28, 2012 By gpc1981 Europe continues to take a page out of Hank Paulson’s “Crisis Combat” booklet, by unveiling one monetary “bazooka” after another. Obviously, EU leaders didn’t notice that Paulson’s “bazooka” completely failed to stop the 2008 Crash.Even more strangely, they keep pulling out bazooka after bazooka, first unveiling the EFSF which was supposed to raise €1 trillion but failed to raise even €10 billion without having to intervene in its own bond auctions.Then came the ESM, which was supposed to be another mega-bailout fund, which as before, is having trouble raising funds. After all, if one bailout fund is a dud, why would launching another fix anything?Oh, and I forgot to mention that both bailout funds will be leveraged… which Europe obviously doesn’t have enough of already (the EU banking system as a whole is leveraged at 26 to 1. Lehman Brothers was at 30-to-1 when it imploded). , US Debt Ceiling D-Day: September 14, 2012 Durden 3-28-12 Earlier today, outgoing Treasury Secretary and tax challenged part-time pathological liar (see here) Tim Geithner said that any worries of the US debt ceiling are misplaced, and that at best such an event would occur "late in the year" (and to think the August 2011 extended $16.394 trillion debt ceiling was supposed to last well into 2013). Naturally, coming from Geithner, it meant this statement was a flat out lie the second it left his mouth, which is why we decided to do our own analysis of just when the latest and greatest debt ceiling would be breached. The answer is that at the current rate of debt issuance, which incidentally is going to accelerate sharply due to the recent extension of the payroll tax cuts which will require an incremental $100-150 billion total debt to be funded, and extrapolating future issuance solely on historical patterns, the US debt ceiling D-Day will be September 14, 2012. This means that there will be just over 6 weeks for the GOP to hijack each and every presidential debate before the November election with just this topic. Because there will hardly be anything more humiliating for Obama than to have to defend his platform even as the country is once again past the verge of insolvency, and forced to "commingle" retirement funds to keep Treasury operations running. Which incidentally is just as we predicted would happen when we explained why the GOP fast shelved the payroll tax debate so rapidly. It was nothing but a prelude to precisely this. Because once it is raised, and it will be raised of course, next up will be yet another ratings downgrade by S&P and this time, Moody's as well. All of which will most likely happen before November. , Is High Yield Credit Echoing 2011's Equity Nightmares? , Commodities Weak As Stocks Drop To Short-Term Credit Reality , Eric Sprott: The [Recovery] Has No Clothes , Bianco & Biderman On Bonds And deBasement "The day the Fed admits there is an inflation problem is the day they are too late" , Arguments On Obamacare Conclude, SCOTUS Decision Due By Late June , MF Global Hearing Live Durden 3-28-12 Today's primetime popcorn event is about to begin: as reported earlier, the House Financial Services Committee will hold an oversight and investigations hearing on the collapse of MF Global, beginning at 3 pm. The hearing will focus on the decisions during the company's final days that led to the disappearance of up to $1.6 billion in customer funds. The party line is that "The investigation aims to "not only to find out where the money went but to identify what went wrong in order to prevent this from happening again," Subcommittee Chairman Rep. Randy Neugebauer (R-TX) said." What instead will happen is that a bunch of politicians will huff and puff, and nothing will happen once again, because to take down Corzine, would mean to start eating away at the entire rotten core of today's captured political system, which has and always will be run out of Wall Street. It will also be amusing to listen to Edith O’Brien plead the Fif , EU - EFSF & ESM - A Whole Lot Of Nothing Nothing has changed. , ToDaY'S HiTs : williambanzai7 : 03/28/2012 - 16:27 Spinning the big ones in your direction... , Europe’s Bazooka Will Fire Blanks… Good Luck Killing the Crisis With That : Phoenix Capital... : 03/28/2012 - 12:04 Because of its interventions and bond purchases, ¼ of the ECB’s balance sheet is now PIIGS debt AKA totally worthless junk. And the ECB claims it isn’t going to take any losses on... , EURO BaZooKa (Modified Diagram) : williambanzai7 : 03/28/2012 - 14:14 Warning-Restricted Area-Hopium Gas Zone , US Issues New 5 Year Bonds At Lowest Bid To Cover Since August, Sends Total US Debt Over $15.6 trillion Durden 3-28-12 , Europe Leaks It Will Fix Crushing Debt Problem With €940 Billion Of More EFSFESM Debt Durden 3-28-12 , How To Fund The Government This Year , Europe Drops Most In 3 Weeks As LTRO Stigma Hits New Highs , Guest Post: Welcome To The United States Of Orwell, Part 3: We Had To Destroy Democracy In Order To Save It , Goldman On Europe: "Risk Of 'Financial Fires' Is Spreading" , Summarizing The True Sad State Of The World In Two Charts Durden 3-28-12 You can listen to CNBC, and the president, drone on about the recovery, about the wealth effect, about trickle-down economics, about why adding $150 billion in debt per month is perfectly acceptable, and about a brighter future for America and the world... or you can take a quick look at these two charts and immediately grasp the sad reality of where we stand, and even sadder, where we are headed. , Previewing Today's MF Global Hearing Durden 3-28-12 Today at 2 PM, the House Financial Services Committee will hold its third hearing (and the fifth overall) on the ever more confounding topic of MF Global, its bankruptcy, and its vaporized client funds, which amount to about $1.6 billion at last check. And while Jon Corzine will not be there, virtually everyone else from the firm who can promise that said vaporitzation of funds was merely a softward glitch and not the fault of anyone in particular, will be present, from the General Counsel, to the CFO, to the Deputy General Counsel of JPMorgan, all the way to Edith O'Brien, assistant treasurer of MF Global, who is expected to plead the Fifth. One wonders why if there is nothing to hide, but that is the topic of another discussion. And as exposed last week by the WSJ, this hearing will be particularly interesting as now it has been made clear that Corzine specifically gave the order to transfer funds to JPM's account. As NJ.com summarizes: "Per JC’s direct instructions." This line, contained in an email that an MF Global finance official sent to explain a $200 million transfer to JPMorgan Chase from an MF Global account containing customer funds, will be a focal point of a congressional hearing today into the futures firm’s collapse. The email, disclosed in a congressional memo circulated Friday, has raised questions about whether the former governor and CEO of MF Global knew customer money was being used to plug holes in the firm’s finances as it plunged into bankruptcy during the last week of October. As much as $1.6 billion of client funds has gone missing, according to a trustee liquidating the futures firm." , Mrs. Watanabe Prepares To Blow The JGB Bubble: Household Holdings Of Japanese Bonds Slide To Lowest In 7 Years , Mark Grant Explains The Latest European Con , Durable Goods Miss, Inventory Stockpiles Soar To New All Time High Durden 3-28-12

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

The Fed eases out Editorial Board Bernanke’s unorthodox policies have both benefits and risks. (Washington Post) [ In all due respect to the Editorial Board, people who really ‘know how to count’ (know the business) see no benefits relative to the detriments and bernanke, like spendthrift wobama the b for b***s***, is abject failure by any criterion used to measure their respective performances in their respective offices. Dave’s Daily: http://www.etfdigest.com BERNANKE IN ABC MODE ON ABC 3-27-12 ‘.. one of my favorite movie scenes …The Fed is in full campaign mode as great as Obama and his GOP rivals. When stock prices seem in doubt the Fed is ready to launch more assurances accommodation (money printing) will be available. Monday’s rally was typical as we head toward the end of the quarter. Hedge fund performance fees are on the line and any way to boost these profits is job one. Top holdings for hedge funds include the usual suspects: AAPL, IBM, INTC, BAC, DIS, HD etc. With little volume it’s easy for algos and hedge funds to prop stocks on little hard news. Tuesday we briefly saw more of this. Just as markets were weakening a story appeared using the Fed’s favorite oracle, the WSJ, as Fed governor Rosengren stated, “more stimulus is on the table”. Immediately HFT algos jumped and markets rose if only briefly.On its face, the Fed wants higher stock prices to boost confidence in the economy. However from a practical view all they’ve succeeded in doing from my perspective is debasing the dollar creating inflation. The latter will be a problem for the next administration and even the current generation. It’s an all about “now” market in a politically charged year… , Bernanke Claims That The Fed Has Averted A Second Great Depression By Bailing Out The Too Big To Fail Banks http://albertpeia.com/weareinsecondgreatdepression.htm [ To the contrary, because of his policies and particularly the bailouts which facilitated consummation of and even greater frauds, the real economy, the nation, taxpayers will suffer a more severe fate than even that obfuscated by bad policy in this election-year expedience! ‘… When the last financial crisis began, the U.S. national debt was about 10 trillion dollars. Today, it has risen to 15.5 trillion dollars. So Bernanke did not fix anything. The best that can be said is that he kicked the can down the road a little bit and made our long-term financial problems a lot worse at the same time. Bernanke can create money out of thin air and loan it to his friends all he wants, but he is not going to be able to prevent this house of cards from crashing down…’ . He’s as much a fraud and incompetent bozo as ‘his buds who put him there’ for their purpose / benefit. The guy’s a dope http://albertpeia.com/30bunglebenbernankequotes.htm , a fool which fact is lost on no one vis-à-vis the debased Weimar dollar http://albertpeia.com/10reasonsdollarreservecurrencyending.htm , who’s delusional http://albertpeia.com/bunglerbenfedfedsfailure.htm . He’s a total fraud! ]

{ Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year. I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ }

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Former MF Global executive declines to testify for House panel on collapse Lawmaker calls O’Brien’s decision “more helpful ... than any of your answers” on missing $1.6 billion. (Washington Post) [ Come on! At some point you must call this what it is, whether fraud, embezzlement, theft, etc.; that a gargantuan felony has been committed is so blatantly obvious that it’s screaming, PROSECUTE, PROSECUTE, PROSECUTE!

Corzine Corzined - Congressional Panel Finds Former MF Global CEO Ordered JPM Fund Transfer Durden 3-23-12 [ ‘Jon S. Corzine, MF Global Holding Ltd.’s chief executive officer, gave “direct instructions” to transfer $200 million from a customer fund account to meet an overdraft in one of the brokerage’s JPMorgan Chase & Co. accounts in London, according to an e-mail sent by a firm executive. Edith O’Brien, a treasurer for the firm, said…’] , TBTF Get TBTFer: Top 5 Banks Hold 95.7%, Or $221 Trillion, Of Outstanding Derivatives Durden 3-26-12 , 10 Reasons Why The Reign Of The Dollar As The World Reserve Currency Is About To Come To An End http://albertpeia.com/10reasonsdollarreservecurrencyending.htm

Guest Post: The Audacity of Bonuses At MF Global Durden 3-12-12 In the spirit of George Orwell’s Animal Farm commandment: “all animals are equal, but some animals are more equal then others” comes the galling news that bankruptcy trustee, Louis Freeh, could approve the defunct, MF Global to pay bonuses to certain senior executives. This, despite the fact that nearly $1.6 billion of customer funds remains “missing” or otherwise partially accounted for, yet beyond the reach of those customers, perhaps forever, since before the firm declared bankruptcy on October 31, 2011... , 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm

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

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Two months before summer driving season, gas surpasses $4 per gallon D.C. drivers should brace for sticker shock as prices are expected to continue to rise into record territory. (Washington Post) [ This is all over-printing of those fiat paper paper Weimar dollars for which there’s no rational defense or explanation beyond political expedience and wall street welfare. Dave’s Daily: http://www.etfdigest.com BERNANKE IN ABC MODE ON ABC 3-27-12 ‘.. one of my favorite movie scenes …The Fed is in full campaign mode as great as Obama and his GOP rivals. When stock prices seem in doubt the Fed is ready to launch more assurances accommodation (money printing) will be available. Monday’s rally was typical as we head toward the end of the quarter. Hedge fund performance fees are on the line and any way to boost these profits is job one. Top holdings for hedge funds include the usual suspects: AAPL, IBM, INTC, BAC, DIS, HD etc. With little volume it’s easy for algos and hedge funds to prop stocks on little hard news. Tuesday we briefly saw more of this. Just as markets were weakening a story appeared using the Fed’s favorite oracle, the WSJ, as Fed governor Rosengren stated, “more stimulus is on the table”. Immediately HFT algos jumped and markets rose if only briefly.On its face, the Fed wants higher stock prices to boost confidence in the economy. However from a practical view all they’ve succeeded in doing from my perspective is debasing the dollar creating inflation. The latter will be a problem for the next administration and even the current generation. It’s an all about “now” market in a politically charged year… , Bernanke Claims That The Fed Has Averted A Second Great Depression By Bailing Out The Too Big To Fail Banks http://albertpeia.com/weareinsecondgreatdepression.htm [ To the contrary, because of his policies and particularly the bailouts which facilitated consummation of and even greater frauds, the real economy, the nation, taxpayers will suffer a more severe fate than even that obfuscated by bad policy in this election-year expedience! ‘… When the last financial crisis began, the U.S. national debt was about 10 trillion dollars. Today, it has risen to 15.5 trillion dollars. So Bernanke did not fix anything. The best that can be said is that he kicked the can down the road a little bit and made our long-term financial problems a lot worse at the same time. Bernanke can create money out of thin air and loan it to his friends all he wants, but he is not going to be able to prevent this house of cards from crashing down…’ . He’s as much a fraud and incompetent bozo as ‘his buds who put him there’ for their purpose / benefit. The guy’s a dope http://albertpeia.com/30bunglebenbernankequotes.htm , a fact vis-à-vis the debased Weimar dollar http://albertpeia.com/10reasonsdollarreservecurrencyending.htm , who’s delusional http://albertpeia.com/bunglerbenfedfedsfailure.htm .]

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Housing experts optimistic, despite sour data Despite recent dismal statistics on the housing market, experts are increasingly gaining confidence that the market is on the way to recovery. (Washington Post) [ Oh, yeah … hopium … that new american strategy. First, it’s addictive; which of course makes the populace more pliable with their dependence thereon. Second, the so-called experts and mainstream media along with the polls including no-recession-helicopter-ben-b.s.-shalom-bernanke have a near exclusive with the listening public who can understand their addictive talk of ie., ‘green shoots’ springing up all over, etc., but not the financial nuts aand bolts of reality. Realize this: we’re already experiencing severe inflation owing to excessive Weimar dollar printing and the home prices are still falling. Moreover, any price increases would surely indicate that the consequent hyperinflation has arrived. DAVE FRY IS RIGHT ON THE MONEY HERE! Dave’s Daily: http://www.etfdigest.com BERNANKE IN ABC MODE ON ABC 3-27-12 ‘Sure, it’s one of my favorite movie scenes and I couldn’t resist it. The Fed is in full campaign mode as great as Obama and his GOP rivals. When stock prices seem in doubt the Fed is ready to launch more assurances accommodation (money printing) will be available. Monday’s rally was typical as we head toward the end of the quarter. Hedge fund performance fees are on the line and any way to boost these profits is job one. Top holdings for hedge funds include the usual suspects: AAPL, IBM, INTC, BAC, DIS, HD etc. With little volume it’s easy for algos and hedge funds to prop stocks on little hard news. Tuesday we briefly saw more of this. Just as markets were weakening a story appeared using the Fed’s favorite oracle, the WSJ, as Fed governor Rosengren stated, “more stimulus is on the table”. Immediately HFT algos jumped and markets rose if only briefly.On its face, the Fed wants higher stock prices to boost confidence in the economy. However from a practical view ALL THEY’VE SUCCEEDED IN DOING FROM MY PERSPECTIVE IS DEBASING THE DOLLAR CREATING INFLATION…’, Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year. I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ , ( America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke…The government’s total indebtedness is $211 trillion’ )

The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ECRI Stays with Recession Call New American | The vicious cycle is starting where lower sales, lower production, lower employment and lower income [leads] back to lower sales…BOB ADELMANN New American 3-13-12 http://albertpeia.com/ecricallsrecession.htm , STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm Both The Market and Government Are Irrational Paul Craig Roberts | One of the great economic myths is that markets are rational. Not a day passes without this myth being disproved scores of times, but the myth persists. [ 3-26-12 As was so last pre-crash, particularly this election year of desperation, bernanke resorts to his ‘jaw-boning’ (another dog who made news called this ‘baffling them with b***s***’); yet, it’s fraudulent wall street that conditions ‘all’ to believe the easy money / over-printed created Weimar dollars, a clear negative (you’re paying for the wall street welfare; ie, gas, food, etc., prices { Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year. I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ } rallies those pieces of paper/computer entries via HFT algos programmed to go wild with such talk, making this a great opportunity to sell, take profits while you can, much worse to come! http://albertpeia.com/10reasonsdollarreservecurrencyending.htm , I’ve Never Seen a Confluence of Negative Factors Like This 3-24-12 http://gainspainscapital.com , DAVE FRY IS RIGHT ON THE MONEY HERE! Dave’s Daily: http://www.etfdigest.com BERNANKE IN ABC MODE ON ABC 3-27-12 ‘Sure, it’s one of my favorite movie scenes and I couldn’t resist it. The Fed is in full campaign mode as great as Obama and his GOP rivals. When stock prices seem in doubt the Fed is ready to launch more assurances accommodation (money printing) will be available. Monday’s rally was typical as we head toward the end of the quarter. Hedge fund performance fees are on the line and any way to boost these profits is job one. Top holdings for hedge funds include the usual suspects: AAPL, IBM, INTC, BAC, DIS, HD etc. With little volume it’s easy for algos and hedge funds to prop stocks on little hard news. Tuesday we briefly saw more of this. Just as markets were weakening a story appeared using the Fed’s favorite oracle, the WSJ, as Fed governor Rosengren stated, “more stimulus is on the table”. Immediately HFT algos jumped and markets rose if only briefly.On its face, the Fed wants higher stock prices to boost confidence in the economy. However from a practical view ALL THEY’VE SUCCEEDED IN DOING FROM MY PERSPECTIVE IS DEBASING THE DOLLAR CREATING INFLATION…’ , And 14 of 16 On Dallas Fed Miss 3-26-12 The Dallas Fed Manufacturing Outlook just came with its largest miss of expectations in 9 months - and biggest drop in 7 months.. A 10.8 print vs expectations of 17.0 dropped the index back to its lowest since December and keeps the 'good is good but bad is better' dream alive..’, Don’t be fooled by the money illusion MarketWatch | Rising prices are making some statistics look better than they really are. [ The ‘psychological factor’ has always been a component in the valuation of securities which valuations, good or ill, collectively give rise to the ‘markets’. The mythical part is the presumption of rationality accorded the ‘market-makers’ which, despite their glaring irrationality and propensity for fraud (I’d conservatively say that wall street is comprised predominantly, I’d estimate 90%, of psycho/sociopathic personalities), is still decidedly and pathetically vis-à-vis the rest of the ‘go along to get along’ world, criminally insane wall street. { The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal } It should be obvious by now, particularly with the advent of ubiquitous, lightning fast programmed computerization, that the markets are fraudulently manipulated in a bigger way now than ever; and, not without great cost ultimately to muppets / taxpayers like you, whether in the markets or not.They do it for the money; and, sick as they are, to be screwin’ at least someone all of the time which perversely gives them pleasure! ] This is an especially great opportunity to sell / take profits with stocks floating on air in contraindicated ‘Weimar dollar bubble rally’ as preceded last crash. Suckers’ rally into the close off lows and in shades of the dot com bubble with Apple the fraudulent stock market’s one-trick pony (‘in play’, pricey, big weighting and big bang for the market buck, and compared to what). Competition will ultimately (no real breakthroughs on horizon) take a big bite out of the Apple, which along with price targets is way over valued (currently being manipulated to the upside by the ‘muppet masters’ given the 20% weighting for maximum fraudulent effect). I say this despite liking Apple. They’re loving Apple to death on fraudulent wall street which is a testament to the pathetic state of american and world technology which is horrendous. As my first computer (Apple IIc, 1986) I’m glad they survived but they’re way, way over-valued. Aside from the IPAD (at best and even that’s a stretch, and past history at that), there’s really nothing there, which is a testament to the stupidity of american consumers particularly. Wake up! What total frauds! 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm , Guest Post: Money from Nothing - A Primer on Fake Wealth Creation and its Implications (Part 2) ZeroHedge.com 3-14-12 ‘Only in a debt-based money system could debt be curiously cast as an asset. We’ve made “extend and pretend” a quaint phrase for a burgeoning market for financial lying and profiteering aimed toward preventing the collapse of a debt- (or lack-) based system that was already doomed by its initial design to collapse.’ Election year temp jobs, trade deficit up, GDP projection down, business inventories miss, manipulations, obfuscations… Dave’s Daily: http://www.etfdigest.com STOCK RALLY FADES WITH CDS ISSUE 3-9-12 [ Dave astutely points out: “Jobless Claims Thursday were weaker than expected (362K vs 351K expected and prior revised higher to 354K). Did you know that prior weekly Jobless Claims data has been revised higher 100% of the time over the past two years? How does that happen this consistently?” – Which I refer to as the ‘data ponzi scheme’ wherein new fake data is used to buoy markets as prior reported fake data is reconciled closer to reality. 3-15-12 Yes, and again, prior week revised up . ] Does China's Forex Policy Beggar Its Neighbors? The Wall Street Journal [ Are you sure the author didn’t mean ‘bugger its neighbors’? Sounds like it; but, it’s really all about cost structures which are far less in China which is the primary reason for China’s export success. Manipulation of currencies is an artifice that the west will ultimately prove does not work at all (all that over-printing / creating of fiat Weimar paper currencies is a time-tested loser).]Rumor planted by fed of QE3 light spurs rally, not the fake, uneconomic jobs estimate from jersey adp for election year spin purposes which only fools believe. How desperate and pathetic! For those who think this money-printing out of thin air is without cost, you’re in for a worse than rude awakening. The global markets have become a joke! This is a ‘full press’ as in ‘fiat paper printing presses in overdrive’ debased Weimar dollars / currencies that will end quite badly so take this opportunity to take profits while you can. The manipulated, contrived, and fake data has all been unaffordably ‘electioneared’ for ‘electionyeared’ spin and propaganda. Don’t be their fool! The full moon previously helped keep the contraindicated lunatics’ huge suckers’ rally going with across the board media et als complicity (infra). But not quite … reality (will) catch(es) up … you know the drill … typical suckers’ surge into the close off lows, etc.. Today’s data looked pretty bad to me, even with the manipulations/spin otherwise, ie., Durable goods orders drop by most in 3 years AP , etc.. Then there was previously the manipulated revision to make this month’s distressed, foreclosure sales (backlog) look better. Total scam! This will all end quite badly and is much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles. { http://albertpeia.com/todaysbusinesssummarylinks.htm - today’s business summary links only, by day – scroll down as well for today’s links and for more complete context – Encouraged and recommended! } This global suckers’ rally is based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare (which is being injected sub rosa, see infra), bad news, fraud, b***s***, and desperation alone, as suckers’ rallies ushered in the new year in a most preposterous fashion [Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’ for the superstitious so-called ‘January effect’ based on based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, b***s***, and desperation alone to suck suckers in and keep suckers sucked in! Don’t be their fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s using the up moves to reduce risk assets / stocks / exposure, in other words, he’s selling the rallies which is sound advice [3-12-12: I’ve previously recommended this business report; but, like everything in america, it’s gotten so bad as in the first 30 minutes I calculated approximately 6 minutes of business report and the balance predominantly advertising and some cbs network stuff before I had to turn it off – I might listen again in a year, if at all. Terrible! ]. The fundamentals/realities, current and prospective, are worse than ever. There are no systems/formulas for these unprecedentedly dire times. Don’t be their sucker! This is an especially great opportunity to sell / take profits because there’s much, much worse to come! Here’s a simple chart of the Dow’s history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als.] with lingering intoxication an explanation as the printing presses and issuance of worthless insurmountable debt paper are in full throttle globally (a testament to global blindness as the blind follow the blind) making this impending disaster at this time an especially great opportunity to sell / take profits because there’s much, much worse to come! jersey-lautenberg based adp with 100% better than expectations private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce department data? Labor dept. ue claims / ue numbers? Only a fool believes what they say! ( After One Month Respite, Pink Slips Are Flying Again Durden , Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Durden on 01/06/2012 .. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg , ) The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , ‘…technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57…’ , The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm Why earnings will continue to decline MarketWatch , 10 Things That Every American Should Know About The Federal Reserve Eco.Coll.Blog http://albertpeia.com/10thingsmustknowaboutfedreserve.htm #1 The Federal Reserve System Is A Privately Owned Banking Cartel #2 The Federal Reserve System Is A Perpetual Debt Machine #3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar #4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability #5 The Federal Reserve Is Paying Banks Not To Lend Money #6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging #7 The Federal Reserve System Is Dominated By The Big Wall Street Banks #8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913 #9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence #10 The Federal Reserve Has Become Way Too Powerful , A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm Any financial system that is based on debt is doomed to fail. Today, we are living in the greatest debt bubble that the world has ever seen … , Despite Two Thirds Of Components Declining, Empire Fed Prints At Highest Since June 2010 ZeroHedge | Chalk this one to “seasonal adjustments” or something, cause we no longer have any clue what is going on with the data fudging in America. , 20 Signs You Might Be A Typical American Worker http://albertpeia.com/20signsoftypicalamericanworker.htm , 10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm , 8 Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default http://albertpeia.com/8reasonsgreekdebtdefaultstillcoming.htm , 55 Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm ‘How is the U.S. economy doing in 2012? Unfortunately, it is not doing nearly as well as the mainstream media would have you believe. Yes, things have stabilized for the moment but this bubble of false hope will not last for long. The long-term trends that are ripping our economy and our financial system to shreds continue unabated. When you step back and look at the broader picture, it is hard to deny that we are in really bad shape and that things are rapidly getting worse. Later on in this article you will find a list of interesting facts that show the true state of the U.S. economy… , http://albertpeia.com/debtpercapita.jpg , Double-dip recession setting in across eurozone: EU Thomson | AFP , America 1950 vs. America 2012 http://albertpeia.com/downhillslideofamerica.htm , Society’s Five Stages of Economic Collapse http://albertpeia.com/5stagesofcollapse.htm David Meyer shtfplan.com March 1, 2012 , No Housing Recovery - Case Shiller Shows 8th Consecutive Month Of House Price Declines Durden 2-28-12 Little that can be added here. The December Case Shiller came, saw, and shut up all those who keep calling for a home price recovery. The Index printed at 136.71 on expectations of 137.11, with the prior revised to 138.24. The top 20 City composite was down -0.5% on expectations of a 0.35% drop. 18 out of 20 MSAs saw monthly declines in December over November… , Goldman: Germany Is Now On The Hook By €1 Trillion (Or 40% Of GDP) Durden, , 20 Economic Statistics To Use To Wake Sheeple Up From Their Entertainment-Induced Comas http://albertpeia.com/20ecostatstowakesheeple.htm , Central bank balance sheet expansion since end 2007 Mar 1st, 2012 by News (ZeroHedge) — SNB +230%; Fed +222%, BOJ +125%, BOE +87%, PBOC +93%, ECB +51%. USA Gold / PG View: Pretty strong evidence that the rally in bonds — and by extension the rally in stocks — is nothing but a charade. , 10.7 Percent: Unemployment In Europe Is Worse Than It Was At The Peak Of The Last Recession http://albertpeia.com/europeunemploymentworsethanrecession.htm The unemployment rate in the eurozone is now 10.7 percent. That is the highest the unemployment rate has been since the introduction of the euro. The unemployment rate in the eurozone never got any higher than 10.2 percent during the last recession. This is very troubling news. It was just recently announced that the eurozone has entered another recession, and already the unemployment rate is hitting new record highs… , Inflation Is A Tax And The Federal Reserve Is Taxing The Living Daylights Out Of Us http://albertpeia.com/inflationisatax.htm , Guest Post: Cause, Effects & The Fallacy Of A Return To Normalcy Durden 3-6-12, Market Takes First Big Loss Of 2012 As Investors Eye Greek Debt Swap Forbes , 15 Potentially Massive Threats To The U.S. Economy Over The Next 12 Months http://albertpeia.com/15massivethreatstoeconomy.htm , 1 Through 30 – The Coming U.S. Financial Crisis By The Numbers http://albertpeia.com/1-30usfinancialcrisiscoming.htm , Gallup Finds February US Unemployment Jumps Most Since 2010, Third Consecutive Monthly Increase Durden 3-8-12 , Initial Claims Miss Expectations, Rise For Third Consecutive Week For First Time Since August 2010 Durden 3-8-12 , Greece Has Defaulted - Which Country In Europe Is Next? http://albertpeia.com/greecehasdefaultedwhonext.htm , Five Charts That Prove We’re in a Depression and That the Federal Reserve and Washington Are Wasting Money March 12, 2012 By gpc1981 http://albertpeia.com/usindepressionfedandgovwastingmoney.htm , Broken Promises: Pensions All Over America Are Being Savagely Cut Or Are Vanishing Completely .. this exact scenario is playing out from coast to coast and in the years ahead millions of elderly Americans are going to be affected by broken promises and vanishing pensions.. http://albertpeia.com/uspensionscutorvanishing.htm , America Is Being Transformed From A Wealthy Nation Into A Poor Nation At Breathtaking Speed America is losing wealth far faster than any other nation on earth is. http://albertpeia.com/ustransformedfromwealthytopoor.htm , As US Rakes Largest Monthly Deficit In History, 2012 Tax Revenues Net Of Refunds Trail 2011 Durden 3-12-12 , Guest Post: The Audacity of Bonuses At MF Global Durden 3-12-12 In the spirit of George Orwell’s Animal Farm commandment: “all animals are equal, but some animals are more equal then others” comes the galling news that bankruptcy trustee, Louis Freeh, could approve the defunct, MF Global to pay bonuses to certain senior executives. This, despite the fact that nearly $1.6 billion of customer funds remains “missing” or otherwise partially accounted for, yet beyond the reach of those customers, perhaps forever, since before the firm declared bankruptcy on October 31, 2011... , 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm , S&P Says Improbable Any Economic Improvement Would Bring Back AAA US Rating Durden 3-15-12 Sigh: *S&P says that it is impossible that any economic improvement would bring back the AAA rating *US deficit progress is needed. *Outlook remains negative.- And what do stocks do on latest S&P report that America is broke? Why they surge of course.... , The U.S. Economy: Soul Crushing Total System Failure http://albertpeia.com/ustotalsystemfailure.htm , Kass: The Market Is Overvalued at TheStreet By Doug Kass { Yes, this is true; but, he’s still too optimistic in that he doesn’t point out that the election year manipulations / obfuscations will cause things to end far worse than his anticipation. } , An Open Letter to All Presidential Candidates March 19, 2012 By gpc1981 http://albertpeia.com/grahamsummerswarnings.htm , Ben Bernanke Tries To Convince America That The Federal Reserve Is Good And The Gold Standard Is Bad http://albertpeia.com/benbsshalombernankesellsfedpansgoldstandard.htm [ greenspan and now bernanke are incompetent and total failures creating and exacerbating current and prospective conditions for the sake of fraudulent wall street at everyone else’s expense! ] , 10 Signs That America Is On The Verge Of A Horrible Municipal Debt Crisis http://albertpeia.com/americanmunicipaldebtcrisis.htm , Bursting The Permabullish Bubble: 11 Out Of 13 Economic Indicators Have Missed Durden 3-22-12 , Corzine Corzined - Congressional Panel Finds Former MF Global CEO Ordered JPM Fund Transfer Durden 3-23-12 [ ‘Jon S. Corzine, MF Global Holding Ltd.’s chief executive officer, gave “direct instructions” to transfer $200 million from a customer fund account to meet an overdraft in one of the brokerage’s JPMorgan Chase & Co. accounts in London, according to an e-mail sent by a firm executive. Edith O’Brien, a treasurer for the firm, said…’] , TBTF Get TBTFer: Top 5 Banks Hold 95.7%, Or $221 Trillion, Of Outstanding Derivatives Durden 3-26-12 , 10 Reasons Why The Reign Of The Dollar As The World Reserve Currency Is About To Come To An End http://albertpeia.com/10reasonsdollarreservecurrencyending.htm , Dave’s Daily: http://www.etfdigest.com BERNANKE IN ABC MODE ON ABC 3-27-12 ‘Sure, it’s one of my favorite movie scenes and I couldn’t resist it. The Fed is in full campaign mode as great as Obama and his GOP rivals. When stock prices seem in doubt the Fed is ready to launch more assurances accommodation (money printing) will be available. Monday’s rally was typical as we head toward the end of the quarter. Hedge fund performance fees are on the line and any way to boost these profits is job one. Top holdings for hedge funds include the usual suspects: AAPL, IBM, INTC, BAC, DIS, HD etc. With little volume it’s easy for algos and hedge funds to prop stocks on little hard news. Tuesday we briefly saw more of this. Just as markets were weakening a story appeared using the Fed’s favorite oracle, the WSJ, as Fed governor Rosengren stated, “more stimulus is on the table”. Immediately HFT algos jumped and markets rose if only briefly.On its face, the Fed wants higher stock prices to boost confidence in the economy. However from a practical view all they’ve succeeded in doing from my perspective is debasing the dollar creating inflation. The latter will be a problem for the next administration and even the current generation. It’s an all about “now” market in a politically charged year… , Bernanke Claims That The Fed Has Averted A Second Great Depression By Bailing Out The Too Big To Fail Banks http://albertpeia.com/weareinsecondgreatdepression.htm [ To the contrary, because of his policies and particularly the bailouts which facilitated consummation of and even greater frauds, the real economy, the nation, taxpayers will suffer a more severe fate than even that obfuscated by bad policy in this election-year expedience! ‘… When the last financial crisis began, the U.S. national debt was about 10 trillion dollars. Today, it has risen to 15.5 trillion dollars. So Bernanke did not fix anything. The best that can be said is that he kicked the can down the road a little bit and made our long-term financial problems a lot worse at the same time. Bernanke can create money out of thin air and loan it to his friends all he wants, but he is not going to be able to prevent this house of cards from crashing down…’ . He’s as much a fraud and incompetent bozo as ‘his buds who put him there’ for their purpose / benefit. The guy’s a dope http://albertpeia.com/30bunglebenbernankequotes.htm , a fool which fact is lost on no one vis-à-vis the debased Weimar dollar http://albertpeia.com/10reasonsdollarreservecurrencyending.htm , who’s delusional http://albertpeia.com/bunglerbenfedfedsfailure.htm . He’s a total fraud! ] , Graham Summers’ Weekly Market Forecast (a tenuous balance) March 27, 2012 By gpc1981 ‘…big trouble is lurking just beneath the surface. And should anything upset the current balance being maintained, we could see some real fireworks in the markets in short order.Indeed, we are facing a confluence of negative factors regarding Europe (political, monetary, fundamental, and technical) that indicate BIG TROUBLE could be hitting in May-June …’ , SkyNet Wars: How A Nasdaq Algo Destroyed BATS Durden 3-27-12 (What really happened is that a malicious, 100% intentional Nasdaq algorithm purposefully brought BATS stock to a price of 0.00 within 900 millisecond of the company's break for trading!) Following the May 2010 flash crash, the investing public hoped that as part of its "exhaustive report", the SEC would find and hold responsible the various components of a broken market structure, be it HFTs, ETFs, stubbing and sub-pennying algorithms, and all the other knowns and unknowns we have covered over the years. Instead, in what would prove to be a move of cataclysmic stupidity (if sadly understandable - the SEC, like everyone else "in charge" is used to dealing with a gullible and simplistic public, which has no access to the real data and analysis, and whose opinion could be easily manipulated, at least until now), the regulator blamed and scapegoated it all on a Waddell and Reed trade (we wonder just what the quid pro quo was to get the asset manager to roll over and take the blame despite protestations to the contrary, at least in the beginning). The result was that the same investing public realized that market structure is so corrupt, and so robotically mutated, there is no place for the small investor in this broken market. Last week's BATS IPO fiasco merely confirmed this. And as usual, BATS (whose chairman Ratterman has just been demoted even as he stays on as CEO) decided to take the "passive voice" approach and blame it all on a faceless, emotionless, motiveless "software glitch"… What happened is that a malicious, 100% intentional Nasdaq algorithm purposefully brought BATS stock to a price of 0.00 within 900 millisecond of the company's break for trading! This is open SkyNet warfare.’ , This Is The World's Balance Sheet Durden 3-27-12 It is rather surprising that in a world in which anything and everything is only about money, it is next to impossible to find a consolidated balance sheet of the world's insolvent economies (i.e., the developed countries: US, Japan and the Euro Area). So for all those seeking a visual presentation of all the liabilities that have to be inflated away by the central banks (because that's what this is all about), rejoice: the broke world is presented below in its glory. The irony is that the problem would be quite fixable if it weren't for one minor issue: the bulk of the world's assets also happen to be its liabilities! At the end of the day, this may prove to be the fatal flaw in the chairman's attempt to dilute the global liabilities, he will be doing the same with the assets. , Six Variations On A Theme By Printerini Durden 3-27-12 A prevalent theme over the past 3 months has been the emergence of the Schrödinger world, where on one hand we have a world as it is, and on the other, as central planners, propaganda media, and a president caught up in a reelection campaign would want it to be. Luckily, that world only had a binary bifurcation associated to it - and a simple observation of the mythical collapsed its wave function in less time than it would take BATS to commit corporate suicide. A much more fun world emerges when one enters the superstring reality of the Federal Reserve, and especially its chairman, where there are not two, not three, but a whopping six dimensions of (mis)perception, all dependent on one's point of view. Courtesy of Silver Circle we present them all. , On Europe's 'Stealth' Money Printing Durden 3-27-12 ‘…This consequence has two rather ugly consequences, it removes still further collateral (assets encumbered) from bank balance sheets and further delays the needed adjustment process (read deleveraging) across the banking sector. , Taylor 'Rules' Fed Independence In Question Durden 3-27-12 John Taylor, of the Taylor-Rule, who has not been sheepish with his views towards the Fed openly questioned the Fed's independence during a speech to the Joint Economic Committee today. During his testimony at the hearing on the 'Sound Dollar Act of 2012', Taylor noted: "The discretionary interventions of the Federal Reserve have been ratcheted up in such unprecedented ways in recent years that they raise fundamental questions about the future of monetary policy." Perhaps more pointedly, especially given Bernanke's speech today on the Fed's extreme actions and given the hope for a constant interventionist role for the Fed to keep our economy ~~market~~ afloat "The fact that the Fed can, if it chooses, intervene without limit into any credit market - raises more uncertainty, and of course raises questions about why an independent agency of government should have such power." , CTRL+SPIN 3: The Fed Propaganda Tour Live Re-Educates Us On Their Response To The Financial Crisis Durden 3-27-12 UPDATE (via Bloomberg): *BERNANKE: `FORCEFUL' RESPONSE PREVENTED WORSE RECESSION and AIG HAS STABILIZED - phewee... [Yes, indeed; this b***s*** is now beyond the pale! ]Today could be the day when all your beliefs and misconceptions of the great central banking machine are set straight. After explaining to us in the previous two lecture how the gold standard is just silly, why central banks are constitutionally awesome, and how the Fed almost single-handedly created the US since World War II, today's piece-de-resistance is Bernanke's take on his own response to the financial crisis. We are sure it will be thorough in its discussion of the massive and entirely hidden loans for nothing that were given to the banks, how they encouraged the risk-taking that led to it via their regulatory mis-controls, and removing MtM and unlimited free-money helped the world go around - all the while maintaining a strong-dollar policy inline with Treasury's apparent mandate. As far as Word-Bingo: Tweet if you hear the word 'Helicopter' or 'Printing Press' or 'Level 3 Assets are all worthless illiquid junk at best' and if Bernanke says 'CDO' more than 10 times, we all get an animated silver bear. , A Lesson For Europe: Why Iceland Won't Join The Euro Durden 3-27-12 In a brief but as usual succinct statement, MEP Daniel Hannan points out the country that decided to say no to establishment-rules and stuck to its guns by taking losses, devaluing its currency, and growing its way out of its pit of despair. The eloquent Englishman notes Iceland's current enviable position in terms of not just growth but Debt to GDP and proffers upon his European Parliamentarian peers that perhaps, just perhaps, there is a lesson in here for all European governments (cough Greece/Portugal cough). 67% of 'shrewd and canny' Icelanders are now against joining the Euro. , It's Official - The Fed Is Now Buying European Government Bonds Durden 3-27-12 As if the 'risk-less' dollar-swaps the Fed has extended to any and every major central bank were not enough, William Dudley just unashamedly admitted that the Fed now holds 'a very small amount of European Sovereign Debt'. , The Gap Between Reality And Consensus Is Growing Fast Durden 3-27-12 , Guest Post: Welcome to the United States of Orwell, Part 2: Law-Abiding Taxpayers Treated As Criminals Durden 3-27-12 Law-abiding taxpayers are treated like criminals while the criminal class of financiers and State apparatchiks are free to loot and pillage muppets and taxpayers alike. It's actually very simple: whatever the state or Federal government does to you, that's legal. Whatever action you take to protect your rights is illegal. In case you have any doubts about where our "leadership" is taking us, please review these Assorted quotes by Fascists or about Fascism. , Confidence Drops As Consumers Brace For Surge In Inflation Durden 3-27-12 , Germany: The Final Frontier... Whose True Debt/GDP Is Now 140% Durden 3-27-12 , Case Shiller Finds Home Prices Declined For 9th Consecutive Month In January Durden 3-27-12 Despite January being the first of 3 record warm winter months, which saw virtually all other economic indicators boosted on the heels of 'April in February', today's incomplete Case Shiller data (Charlotte, NA was missing), indicated that in the first month of the year, prices across the top 20 MSAs dropped once again, posting a 9th consecutive decline, declining by 0.04% to 136.60. The Seasonally Adjusted print brings the average home price to December 2002 levels. And just to avoid Seasonal Adjustment confusion which courtesy of a record warm winter is all the rage, the NSA data showed a -0.84% drop in January. , Bill Gross: "The Game As We All Have Known It Appears To Be Over" Durden 3-27-12 First it was Bob Janjuah throwing in the towel in the face of central planning, now we get the same sense from Bill Gross who in his latest letter once again laments the forced transfer of risk from the private to the public sector: "The game as we all have known it appears to be over... moving for the moment from private to public balance sheets, but even there facing investor and political limits. Actually global financial markets are only selectively delevering. What delevering there is, is most visible with household balance sheets in the U.S. and Euroland peripheral sovereigns like Greece." Gross' long-term view is well-known - inflation is coming: "The total amount of debt however is daunting and continued credit expansion will produce accelerating global inflation and slower growth in PIMCO’s most likely outcome." The primary reason for Pimco's pessimism, which is nothing new, is that in a world of deleveraging there will be no packets of leverage within the primary traditional source of cheap credit-money growth: financial firms… As for the endgame: "Is a systemic implosion still possible in 2012 as opposed to 2008? It is, but we will likely face much more monetary and credit inflation before the balloon pops. Until then, you should budget for “safe carry” to help pay your bills. The bunker portfolio lies further ahead."

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

U.S. consumers hold onto rosy outlook in March despite higher gas prices Americans are focusing on the good — the rebounding stock market and growing employment numbers — in a flood of mixed economic news. (Washington Post) [ Well, why not? They’re paying for that ‘rebounding stock market’ with what will soon be recognized as the consequent hyperinflation from the QE’s, overprinting of Weimar currency all for the sake of the frauds on wall street, and uneconomic, ie., $275,000 per stimulus job all for the sake of failed wobama administration among other incumbent politicians. So, u.s. consumers? Boy they are dumb! Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year. I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ DAVE FRY IS RIGHT ON THE MONEY HERE! Dave’s Daily: http://www.etfdigest.com BERNANKE IN ABC MODE ON ABC 3-27-12 ‘Sure, it’s one of my favorite movie scenes and I couldn’t resist it. The Fed is in full campaign mode as great as Obama and his GOP rivals. When stock prices seem in doubt the Fed is ready to launch more assurances accommodation (money printing) will be available. Monday’s rally was typical as we head toward the end of the quarter. Hedge fund performance fees are on the line and any way to boost these profits is job one. Top holdings for hedge funds include the usual suspects: AAPL, IBM, INTC, BAC, DIS, HD etc. With little volume it’s easy for algos and hedge funds to prop stocks on little hard news. Tuesday we briefly saw more of this. Just as markets were weakening a story appeared using the Fed’s favorite oracle, the WSJ, as Fed governor Rosengren stated, “more stimulus is on the table”. Immediately HFT algos jumped and markets rose if only briefly.On its face, the Fed wants higher stock prices to boost confidence in the economy. However from a practical view ALL THEY’VE SUCCEEDED IN DOING FROM MY PERSPECTIVE IS DEBASING THE DOLLAR CREATING INFLATION…’ ( America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke…The government’s total indebtedness is $211 trillion’ )

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

MF Global’s frantic final days In testimony prepared for a House hearing, former CFO describes her fears that clients’ funds were at risk (Washington Post) [ At risk? Duh! Come on, clients’ funds were stolen. No mystery here, except for the syncronicity of psychogenic amnesia running through MF Global from top to bottom at or around the time pervasive looting was happening. Corzine Corzined - Congressional Panel Finds Former MF Global CEO Ordered JPM Fund Transfer Durden 3-23-12 [ ‘Jon S. Corzine, MF Global Holding Ltd.’s chief executive officer, gave “direct instructions” to transfer $200 million from a customer fund account to meet an overdraft in one of the brokerage’s JPMorgan Chase & Co. accounts in London, according to an e-mail sent by a firm executive. Edith O’Brien, a treasurer for the firm, said…’] , TBTF Get TBTFer: Top 5 Banks Hold 95.7%, Or $221 Trillion, Of Outstanding Derivatives Durden 3-26-12 , 10 Reasons Why The Reign Of The Dollar As The World Reserve Currency Is About To Come To An End http://albertpeia.com/10reasonsdollarreservecurrencyending.htm , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k

11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm , Guest Post: Money from Nothing - A Primer on Fake Wealth Creation and its Implications (Part 2) ZeroHedge.com 3-14-12 ‘Only in a debt-based money system could debt be curiously cast as an asset. We’ve made “extend and pretend” a quaint phrase for a burgeoning market for financial lying and profiteering aimed toward preventing the collapse of a debt- (or lack-) based system that was already doomed by its initial design to collapse.’ Election year temp jobs, trade deficit up, GDP projection down, business inventories miss, manipulations, obfuscations…

( America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke…The government’s total indebtedness is $211 trillion’ )

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Insider-trading probe targets House panel chair Rep. Bachus EXCLUSIVE | Chairman of the House Financial Services Committee is being investigated. 'This is a dog and pony show' (Washington Post) [ Yeah! And he’s both the dog and the pony. As for the paulson meeting and denial of ‘inside information’, one can
only say for certain, giving bachus the temporary but unlikely benefit of the doubt, that paulson should be in jail for what they did for their buds at goldman et als. And dern it, as a wine man by definition, how else is he going to afford the finest vintages and bacchanalian rituals? Yet, one must agree that they’re already pretty well overpaid http://albertpeia.com/govemployeeretirement.jpg . Well, I guess there’s a little Geckoish (‘Wall Street’, Oliver Stone) wall street ‘greed is good’ in all capital hill / government connected reps.

Allen Stanford Found Guilty Of Being Not Too Big To Fail; In Other News Jon Corzine Walking Free Durden 3-6-12

In case anyone cares:

ALLEN STANFORD FOUND GUILTY BY FEDERAL JURY IN HOUSTON - BBG

ALLEN STANFORD FOUND GUILTY ON 13 OF 14 CHARGES - BBG

STANFORD CONVICTED IN $7 BILLION INVESTMENT FRAUD SCHEME - BBG

Jon Corzine's Family Responds To Accusations Against The Patriarch Durden 3-6-12 - 14:59 MF Global Next, it is turn for the families of the thousands of people whose money was stolen by MF Global (and apparently Fabrice Tourre, since nobody at MF Global was responsible for anything... or else it just vaporized) to send in their letters.

CRIME STATS(u.s.No.1)

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

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

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Democrats, White House at odds over Jobs Act Obama allies are in uproar over pro-business legislation embraced by the president, exposing a new rift in his relations with Democratic lawmakers and supporters amid efforts to mend those ties. Bernanke: U.S. job market remains weak (Washington Post) [ At $275,000 per (stimulus) job, even in an election year that’s a bit rich for a nation that’s unequivocally and insurmountably defacto bankrupt ( America’s debt woe is worse than Greece’s News (CNN) ‘Our government is utterly broke…The government’s total indebtedness is $211 trillion’ ) . Always ahead of the curve, ‘No-recession- helicopter ben b.s. shalom bernanke’ tells all of that mystery of the universe; viz., u.s. job market remains weak’ . Thanks for the heads up ben. http://albertpeia.com/30bunglebenbernankequotes.htm

The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ECRI Stays with Recession Call New American | The vicious cycle is starting where lower sales, lower production, lower employment and lower income [leads] back to lower sales…BOB ADELMANN New American 3-13-12 http://albertpeia.com/ecricallsrecession.htm , STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm Both The Market and Government Are Irrational Paul Craig Roberts | One of the great economic myths is that markets are rational. Not a day passes without this myth being disproved scores of times, but the myth persists. [ 3-26-12 As was so last pre-crash, particularly this election year of desperation, bernanke resorts to his ‘jaw-boning’ (another dog who made news called this ‘baffling them with bs’); yet, it’s fraudulent wall street that conditions ‘all’ to believe the easy money / over-printed created Weimar dollars, a clear negative (you’re paying for the wall street welfare; ie, gas, food, etc., prices { Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year. I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ } rallies those pieces of paper/computer entries via HFT logos programmed to go wild with such talk, making this a great opportunity to sell, take profits while you can, much worse to come! http://albertpeia.com/10reasonsdollarreservecurrencyending.htm , I’ve Never Seen a Confluence of Negative Factors Like This 3-24-12 http://gainspainscapital.com , And 14 of 16 On Dallas Fed Miss 3-26-12 The Dallas Fed Manufacturing Outlook just came with its largest miss of expectations in 9 months - and biggest drop in 7 months.. A 10.8 print vs expectations of 17.0 dropped the index back to its lowest since December and keeps the 'good is good but bad is better' dream alive..’, Don’t be fooled by the money illusion MarketWatch | Rising prices are making some statistics look better than they really are. [ The ‘psychological factor’ has always been a component in the valuation of securities which valuations, good or ill, collectively give rise to the ‘markets’. The mythical part is the presumption of rationality accorded the ‘market-makers’ which, despite their glaring irrationality and propensity for fraud (I’d conservatively say that wall street is comprised predominantly, I’d estimate 90%, of psycho/sociopathic personalities), is still decidedly and pathetically vis-à-vis the rest of the ‘go along to get along’ world, criminally insane wall street. { The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal } It should be obvious by now, particularly with the advent of ubiquitous, lightning fast programmed computerization, that the markets are fraudulently manipulated in a bigger way now than ever; and, not without great cost ultimately to muppets / taxpayers like you, whether in the markets or not.They do it for the money; and, sick as they are, to be screwin’ at least someone all of the time which perversely gives them pleasure! ] This is an especially great opportunity to sell / take profits with stocks floating on air in contraindicated ‘Weimar dollar bubble rally’ as preceded last crash. Suckers’ rally into the close off lows and in shades of the dot com bubble with Apple the fraudulent stock market’s one-trick pony (‘in play’, pricey, big weighting and big bang for the market buck, and compared to what). Competition will ultimately (no real breakthroughs on horizon) take a big bite out of the Apple, which along with price targets is way over valued (currently being manipulated to the upside by the ‘muppet masters’ given the 20% weighting for maximum fraudulent effect). I say this despite liking Apple. They’re loving Apple to death on fraudulent wall street which is a testament to the pathetic state of american and world technology which is horrendous. As my first computer (Apple IIc, 1986) I’m glad they survived but they’re way, way over-valued. Aside from the IPAD (at best and even that’s a stretch, and past history at that), there’s really nothing there, which is a testament to the stupidity of american consumers particularly. Wake up! What total frauds! 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm , **Guest Post: Money from Nothing - A Primer on Fake Wealth Creation and its Implications (Part 2) ZeroHedge.com 3-14-12 ‘Only in a debt-based money system could debt be curiously cast as an asset. We’ve made “extend and pretend” a quaint phrase for a burgeoning market for financial lying and profiteering aimed toward preventing the collapse of a debt- (or lack-) based system that was already doomed by its initial design to collapse.’ Election year temp jobs, trade deficit up, GDP projection down, business inventories miss, manipulations, obfuscations…** Dave’s Daily: http://www.etfdigest.com STOCK RALLY FADES WITH CDS ISSUE 3-9-12 [ Dave astutely points out: “Jobless Claims Thursday were weaker than expected (362K vs 351K expected and prior revised higher to 354K). Did you know that prior weekly Jobless Claims data has been revised higher 100% of the time over the past two years? How does that happen this consistently?” – Which I refer to as the ‘data ponzi scheme’ wherein new fake data is used to buoy markets as prior reported fake data is reconciled closer to reality. 3-15-12 Yes, and again, prior week revised up . ] Does China's Forex Policy Beggar Its Neighbors? The Wall Street Journal [ Are you sure the author didn’t mean ‘bugger its neighbors’? Sounds like it; but, it’s really all about cost structures which are far less in China which is the primary reason for China’s export success. Manipulation of currencies is an artifice that the west will ultimately prove does not work at all (all that over-printing / creating of fiat Weimar paper currencies is a time-tested loser).]Rumor planted by fed of QE3 light spurs rally, not the fake, uneconomic jobs estimate from jersey adp for election year spin purposes which only fools believe. How desperate and pathetic! For those who think this money-printing out of thin air is without cost, you’re in for a worse than rude awakening. The global markets have become a joke! This is a ‘full press’ as in ‘fiat paper printing presses in overdrive’ debased Weimar dollars / currencies that will end quite badly so take this opportunity to take profits while you can. The manipulated, contrived, and fake data has all been unaffordably ‘electioneared’ for ‘electionyeared’ spin and propaganda. Don’t be their fool! The full moon previously helped keep the contraindicated lunatics’ huge suckers’ rally going with across the board media et als complicity (infra). But not quite … reality (will) catch(es) up … you know the drill … typical suckers’ surge into the close off lows, etc.. Today’s data looked pretty bad to me, even with the manipulations/spin otherwise, ie., Durable goods orders drop by most in 3 years AP , etc.. Then there was previously the manipulated revision to make this month’s distressed, foreclosure sales (backlog) look better. Total scam! This will all end quite badly and is much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles. { http://albertpeia.com/todaysbusinesssummarylinks.htm - today’s business summary links only, by day – scroll down as well for today’s links and for more complete context – Encouraged and recommended! } This global suckers’ rally is based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare (which is being injected sub rosa, see infra), bad news, fraud, bs, and desperation alone, as suckers’ rallies ushered in the new year in a most preposterous fashion [Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’ for the superstitious so-called ‘January effect’ based on based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, bs, and desperation alone to suck suckers in and keep suckers sucked in! Don’t be their fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s using the up moves to reduce risk assets / stocks / exposure, in other words, he’s selling the rallies which is sound advice [3-12-12: I’ve previously recommended this business report; but, like everything in america, it’s gotten so bad as in the first 30 minutes I calculated approximately 6 minutes of business report and the balance predominantly advertising and some cbs network stuff before I had to turn it off – I might listen again in a year, if at all. Terrible! ]. The fundamentals/realities, current and prospective, are worse than ever. There are no systems/formulas for these unprecedentedly dire times. Don’t be their sucker! This is an especially great opportunity to sell / take profits because there’s much, much worse to come! Here’s a simple chart of the Dow’s history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als.] with lingering intoxication an explanation as the printing presses and issuance of worthless insurmountable debt paper are in full throttle globally (a testament to global blindness as the blind follow the blind) making this impending disaster at this time an especially great opportunity to sell / take profits because there’s much, much worse to come! jersey-lautenberg based adp with 100% better than expectations private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce department data? Labor dept. ue claims / ue numbers? Only a fool believes what they say! ( After One Month Respite, Pink Slips Are Flying Again Durden , Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Durden on 01/06/2012 .. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg , ) The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , ‘…technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57…’ , The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm Why earnings will continue to decline MarketWatch , 10 Things That Every American Should Know About The Federal Reserve Eco.Coll.Blog http://albertpeia.com/10thingsmustknowaboutfedreserve.htm #1 The Federal Reserve System Is A Privately Owned Banking Cartel #2 The Federal Reserve System Is A Perpetual Debt Machine #3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar #4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability #5 The Federal Reserve Is Paying Banks Not To Lend Money #6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging #7 The Federal Reserve System Is Dominated By The Big Wall Street Banks #8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913 #9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence #10 The Federal Reserve Has Become Way Too Powerful , A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm Any financial system that is based on debt is doomed to fail. Today, we are living in the greatest debt bubble that the world has ever seen … , Despite Two Thirds Of Components Declining, Empire Fed Prints At Highest Since June 2010 ZeroHedge | Chalk this one to “seasonal adjustments” or something, cause we no longer have any clue what is going on with the data fudging in America. , 20 Signs You Might Be A Typical American Worker http://albertpeia.com/20signsoftypicalamericanworker.htm , 10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm , 8 Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default http://albertpeia.com/8reasonsgreekdebtdefaultstillcoming.htm , 55 Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm ‘How is the U.S. economy doing in 2012? Unfortunately, it is not doing nearly as well as the mainstream media would have you believe. Yes, things have stabilized for the moment but this bubble of false hope will not last for long. The long-term trends that are ripping our economy and our financial system to shreds continue unabated. When you step back and look at the broader picture, it is hard to deny that we are in really bad shape and that things are rapidly getting worse. Later on in this article you will find a list of interesting facts that show the true state of the U.S. economy… , http://albertpeia.com/debtpercapita.jpg , Double-dip recession setting in across eurozone: EU Thomson | AFP , America 1950 vs. America 2012 http://albertpeia.com/downhillslideofamerica.htm , Society’s Five Stages of Economic Collapse http://albertpeia.com/5stagesofcollapse.htm David Meyer shtfplan.com March 1, 2012 , No Housing Recovery - Case Shiller Shows 8th Consecutive Month Of House Price Declines Durden 2-28-12 Little that can be added here. The December Case Shiller came, saw, and shut up all those who keep calling for a home price recovery. The Index printed at 136.71 on expectations of 137.11, with the prior revised to 138.24. The top 20 City composite was down -0.5% on expectations of a 0.35% drop. 18 out of 20 MSAs saw monthly declines in December over November… , Goldman: Germany Is Now On The Hook By €1 Trillion (Or 40% Of GDP) Durden, , 20 Economic Statistics To Use To Wake Sheeple Up From Their Entertainment-Induced Comas http://albertpeia.com/20ecostatstowakesheeple.htm , Central bank balance sheet expansion since end 2007 Mar 1st, 2012 by News (ZeroHedge) — SNB +230%; Fed +222%, BOJ +125%, BOE +87%, PBOC +93%, ECB +51%. USA Gold / PG View: Pretty strong evidence that the rally in bonds — and by extension the rally in stocks — is nothing but a charade. , 10.7 Percent: Unemployment In Europe Is Worse Than It Was At The Peak Of The Last Recession http://albertpeia.com/europeunemploymentworsethanrecession.htm The unemployment rate in the eurozone is now 10.7 percent. That is the highest the unemployment rate has been since the introduction of the euro. The unemployment rate in the eurozone never got any higher than 10.2 percent during the last recession. This is very troubling news. It was just recently announced that the eurozone has entered another recession, and already the unemployment rate is hitting new record highs… , Inflation Is A Tax And The Federal Reserve Is Taxing The Living Daylights Out Of Us http://albertpeia.com/inflationisatax.htm , Guest Post: Cause, Effects & The Fallacy Of A Return To Normalcy Durden 3-6-12, Market Takes First Big Loss Of 2012 As Investors Eye Greek Debt Swap Forbes , 15 Potentially Massive Threats To The U.S. Economy Over The Next 12 Months http://albertpeia.com/15massivethreatstoeconomy.htm , 1 Through 30 – The Coming U.S. Financial Crisis By The Numbers http://albertpeia.com/1-30usfinancialcrisiscoming.htm , Gallup Finds February US Unemployment Jumps Most Since 2010, Third Consecutive Monthly Increase Durden 3-8-12 , Initial Claims Miss Expectations, Rise For Third Consecutive Week For First Time Since August 2010 Durden 3-8-12 , Greece Has Defaulted - Which Country In Europe Is Next? http://albertpeia.com/greecehasdefaultedwhonext.htm , Five Charts That Prove We’re in a Depression and That the Federal Reserve and Washington Are Wasting Money March 12, 2012 By gpc1981 http://albertpeia.com/usindepressionfedandgovwastingmoney.htm , Broken Promises: Pensions All Over America Are Being Savagely Cut Or Are Vanishing Completely .. this exact scenario is playing out from coast to coast and in the years ahead millions of elderly Americans are going to be affected by broken promises and vanishing pensions.. http://albertpeia.com/uspensionscutorvanishing.htm , America Is Being Transformed From A Wealthy Nation Into A Poor Nation At Breathtaking Speed America is losing wealth far faster than any other nation on earth is. http://albertpeia.com/ustransformedfromwealthytopoor.htm , As US Rakes Largest Monthly Deficit In History, 2012 Tax Revenues Net Of Refunds Trail 2011 Durden 3-12-12 , Guest Post: The Audacity of Bonuses At MF Global Durden 3-12-12 In the spirit of George Orwell’s Animal Farm commandment: “all animals are equal, but some animals are more equal then others” comes the galling news that bankruptcy trustee, Louis Freeh, could approve the defunct, MF Global to pay bonuses to certain senior executives. This, despite the fact that nearly $1.6 billion of customer funds remains “missing” or otherwise partially accounted for, yet beyond the reach of those customers, perhaps forever, since before the firm declared bankruptcy on October 31, 2011... , 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm , S&P Says Improbable Any Economic Improvement Would Bring Back AAA US Rating Durden 3-15-12 Sigh: S&P says that it is impossible that any economic improvement would bring back the AAA rating US deficit progress is needed. Outlook remains negative.- And what do stocks do on latest S&P report that America is broke? Why they surge of course.... , The U.S. Economy: Soul Crushing Total System Failure http://albertpeia.com/ustotalsystemfailure.htm , Kass: The Market Is Overvalued at TheStreet By Doug Kass { Yes, this is true; but, he’s still too optimistic in that he doesn’t point out that the election year manipulations / obfuscations will cause things to end far worse than his anticipation. } , An Open Letter to All Presidential Candidates March 19, 2012 By gpc1981 http://albertpeia.com/grahamsummerswarnings.htm , Ben Bernanke Tries To Convince America That The Federal Reserve Is Good And The Gold Standard Is Bad http://albertpeia.com/benbsshalombernankesellsfedpansgoldstandard.htm [ greenspan and now bernanke are incompetent and total failures creating and exacerbating current and prospective conditions for the sake of fraudulent wall street at everyone else’s expense! ] , 10 Signs That America Is On The Verge Of A Horrible Municipal Debt Crisis http://albertpeia.com/americanmunicipaldebtcrisis.htm , Bursting The Permabullish Bubble: 11 Out Of 13 Economic Indicators Have Missed Durden 3-22-12 , Corzine Corzined - Congressional Panel Finds Former MF Global CEO Ordered JPM Fund Transfer Durden 3-23-12 [ ‘Jon S. Corzine, MF Global Holding Ltd.’s chief executive officer, gave “direct instructions” to transfer $200 million from a customer fund account to meet an overdraft in one of the brokerage’s JPMorgan Chase & Co. accounts in London, according to an e-mail sent by a firm executive. Edith O’Brien, a treasurer for the firm, said…’] , TBTF Get TBTFer: Top 5 Banks Hold 95.7%, Or $221 Trillion, Of Outstanding Derivatives Durden 3-26-12 , 10 Reasons Why The Reign Of The Dollar As The World Reserve Currency Is About To Come To An End http://albertpeia.com/10reasonsdollarreservecurrencyending.htm The U.S. dollar has probably been the closest thing to a true global currency that the world has ever seen. For decades, the use of the U.S. dollar has been absolutely dominant in international trade. This has had tremendous benefits for the U.S. financial system and for U.S. consumers, and it has given the U.S. government tremendous power and influence around the globe. Today, more than 60 percent of all foreign currency reserves in the world are in U.S. dollars. But there are big changes on the horizon. The mainstream media in the United States has been strangely silent about this, but some of the biggest economies on earth have been making agreements with each other to move away from using the U.S. dollar in international trade. There are also some oil producing nations which have begun selling oil in currencies other than the U.S. dollar, which is a major threat to the petrodollar system which has been in place for nearly four decades. And big international institutions such as the UN and the IMF have even been issuing official reports about the need to move away form the U.S. dollar and toward a new global reserve currency… , Police attack Portuguese protesting austerity measures Press TV , I’ve Never Seen a Confluence of Negative Factors Like This 3-24-12 gpc1981 , And 14 of 16 On Dallas Fed Miss Durden 3-26-12 The Dallas Fed Manufacturing Outlook just came with its largest miss of expectations in 9 months - and biggest drop in 7 months.. A 10.8 print vs expectations of 17.0 dropped the index back to its lowest since December and keeps the 'good is good but bad is better' dream alive we assume and markets are entirely unfazed. The 'hope' sub-index printed higher which accounts for some of the reaction but we note that New Orders went negative, Average Workweek plummeted to its lowest in at least six months (and the number of employees also fell), and Prices Paid jumped but Prices Received dropped for the first time in three months (more margin pressure). This makes 14 of the last 16 macro data prints in the US a miss - but Ben is here to save us from considering the harsh reality of our quagmire. , 27 Amazing Statistics About The Real Estate Crash That Never Seems To End: More Foreclosures, More Underwater Mortgages And More Home Price Declines http://albertpeia.com/27statsaboutneverendingrealestatecrash.htm , The Other World Bank scandal… Uri Dadush and Moisés Naím | A more farcical banking institution there has never been. , Should You Buy A Home In 2011 (2012)? Check Out These 29 Absolutely Crazy Statistics About The Housing Crisis http://albertpeia.com/29statsabouthousingcrisis.htm , Chinese Business Media Cautions Japanese Bond Bubble Is Ready To Burst, Anticipates 40% Yen Devaluation Durden 3-26-12 , Guest Post: John Corzine- An Insider Helping Out Fellow Insiders Durden 3-26-12 , Forget Money On The Sidelines, Institutional Investors Are All-In Durden 3-26-12 We have discussed the money-on-the-sidelines fallacy a few times recently in the context of the circular money-flows (clear misunderstanding of the idea of a buyer and a seller) as well as mutual fund cash levels, retail sentiment, demographic shifts, and insider transactions. There is mounting evidence, as Morgan Stanley's Michael Wilson notes, that 'make no mistake...institutional investors are all-in' as the rolling beta of mutual funds relative to the S&P 500 tops 1.10x at multi-year highs, institutional investors are most exposed to high beta sectors since MS data began, and long/shorts funds are near their most levered long since MS records began. Combine this with the massive surge in Insider Selling transactions in the last few weeks (apropos Charles Biderman's comments on the rally's support by Insider buying til now) and perhaps bearish retail sentiment will lead this market down as we hope that finally 'money-on-the-sidelines' fades from the parlance of all but the most aged and incompetent of market prognosticators. , Fed's Easing Efforts Having Less And Less Impact As Macro Seasonals Turn Negative Durden 3-26-12 , Presenting The US Economy's Coming Fiscal Cliff Durden 3-26-12 The size and scale of 'current law' expectations for spending in 2012 and 2013 are dramatic to say the least. As Morgan Stanley notes, these are huge economic and political challenges to any deficit reduction - which we discussed last week (courtesy of James Montier) is critical if we are to maintain corporate profit margins. Presenting, with little pomp and circumstance, the US economic fiscal cliff... , EU Gas Now Over $10: Charting The Global Gas Pump Price Shock Durden 3-26-12 , Did Ben Unleash The "New" QE? Not So Fast Says JP Morgan Durden 3-26-12 , Guest Post: Welcome To The United States of Orwell, Part 1: Our One Last Chance to Preserve the Bill of Rights Durden 3-26-12 We have one last chance to restore at least a part of the Bill of Rights. Some members of Congress awakened from their fund-raising somnambulance and proposed the Due Process Guarantee Act which would restore the Bill of Rights to its proper place in US law. So do one thing today for the nation and its liberties: contact your representative and senators to press them to support this bill. Ask them which military or law enforcement agencies requested that Congress nullify the Bill of Rights with the NDAA. Advise them to do the correct thing for once in their sordid little careers and vote for the Due Process Guarantee Act. This page lists other articles about the NDAA and also provides links to find your representative and Senators: It's treason. Call it what it is. , Quadruple Dip: Housing Relapses As "March Is Turning Out To Be The Weakest Month Since Last October Re: Buyer interest" Durden 3-26-12 , No Country For Thin Men: 75% Of Americans To Be Obese By 2020 Durden 3-26-12 , Another Housing Data Miss Makes It 13 of 15 Durden 3-26-12 , Goldman's Take On Bernanke's "NEW QE" Speech Durden 3-26-12 While it appears to us that Bernanke's message was loud and clear, there are those who need validation and peer-confirmation. Such as that from the firm whose alumni run the Fed, namely Goldman Sachs. Below is Jan Hatzius' take on the "surprising" Chairman speech which essentially said QE can and will come at any time there is a downtick in the market, masked by the unemployment rate rising to its fair value, as estimated by Gallup, somewhere around 9%. , Spot The Odd Labor Market Out Durden 3-26-12 Earlier this morning, strategically timed just in advance of the Chairman's tacit admission that everything attempted to date has once again failed to stimulate the economy* as now both housing and soon employment have resume their drop, New York Fed released a note titled "Prospects for the U.S. Labor Market" which in not so many words explains why there are none. , Long End Decouples On Risk Of Constant Central Planning Failure Durden 3-26-12 , What It's All AboutDurden 3-26-12 Decrypting the subtle nuances of Bernanke's speech this morning was hardly a surprise. The key is 'unemployment' and whether its structural or cyclical - we'll ease anyway (just in case). Debase first or most or lose... 86 mentions of 'unemployment', No mention of 'inflation', and no mention of 'oil-price-inspired-consumption-slump' or 'debase'. 'Structural' 16: 'Cyclical' 8 , ECB Shoots First, Conducts Analysis Of LTRO Inflationary Impact Later Durden 3-26-12 , The Skinny on U.S. Domestic Oil and Gas Keith Schaefer | Forget Keystone, US desperately needs an east-west pipeline. , BOJ Crosses Rubicon With Desperate Monetary Policy, Hirano Says Mar 26th, 2012 , Brics’ move to unseat US dollar as trade currency Mar 26th, 2012 , Dallas Fed: Top 5 Wall Street Banks Own More Than 50% Of US GDP Alexander Higgins | Wall Street bailouts resulted in an unprecedented concentration of wealth. , Tungsten-Filled 1 Kilo Gold Bar Found In The UK Zero Hedge | Upon cropping it was uncovered that about 30-40% of the bar weight was tungsten. [ I believe something similars afoot at the new york depository and fort knox! ] , Lancaster computer shop shooting suspect identified | abc7.com http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm , Israel Committed to Attacking Iran in June Kurt Nimmo | Israel has told leading members of Congress about its June timeline for a strike. [ World-problem blacks and israelis and wall street jews; soon, people will be saying Hitler was correct in searching for that ‘final solution’ which of course was good politics because, though not spoken, everyone kind of sees/knows/feels/experiences this truth for which there’s universal agreement and so it is easily pandered to.] Ian McEwan: misery of attack on Iran would be beyond belief guardian.co.uk | “I think the mischief and misery and unintended consequences of an attack on Iran would be beyond belief.” , Media Runs Defense For Corzine After MF Global Revelation , Paul Joseph Watson | Email: Corzine directly ordered transfer of stolen customer funds. , 14 defining characteristics of fascism: The U.S. in 2012 Gregory Patin | ..fascism comes to America, .. wrapped in the flag and carrying the cross. , Drudgereport: `Gas prices expected to rise all summer long...`

Sandusky was labeled 'likely pedophile' in 1998...
'Cracker' T-shirt hits Florida streets...
COPS: Zimmerman says Trayvon decked him with one blow then began hammering his head on sidewalk...
'Suffered broken nose and had injury to back of head'...
Martin had been suspended from school for marijuana...
Black Panthers offer $10,000 bounty for 'capture' of Trayvon Martin's killer … [ who do these filthy niggers think they are? ] Take a look at this nigger who kills a white man during robbery, without any provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm
Shooter of Florida teen not a racist, lawyer says...
SECRET WITNESS: Self-defense... [Witness: Martin attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDT
ORLANDO - A witness we haven't heard from before paints a much different picture than we've seen so far of what happened the night 17-year-old Trayvon Martin was shot and killed.The night of that shooting, police say there was a witness who saw it all.Our sister station, FOX 35 in Orlando, has spoken to that witness.What Sanford Police investigators have in the folder, they put together on the killing of Trayvon Martin few know about.The file now sits in the hands of the state attorney. Now that file is just weeks away from being opened to a grand jury.It shows more now about why police believed that night that George Zimmerman shouldn't have gone to jail.Zimmerman called 911 and told dispatchers he was following a teen. The dispatcher told Zimmerman not to.And from that moment to the shooting, details are few.But one man's testimony could be key for the police."The guy on the bottom who had a red sweater on was yelling to me: 'help, help…and I told him to stop and I was calling 911," he said.Trayvon Martin was in a hoodie; Zimmerman was in red.The witness only wanted to be identified as "John," and didn't not want to be shown on camera.His statements to police were instrumental, because police backed up Zimmerman's claims, saying those screams on the 911 call are those of Zimmerman."When I got upstairs and looked down, the guy who was on top beating up the other guy, was the one laying in the grass, and I believe he was dead at that point," John said.Zimmerman says the shooting was self defense. According to information released on the Sanford city website, Zimmerman said he was going back to his SUV when he was attacked by the teen.Sanford police say Zimmerman was bloody in his face and head, and the back of his shirt was wet and had grass stains, indicating a struggle took place before the shooting.’ ] Trayvon Martin shooter: Teen went for my gun

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

SEC’s new safety mechanism contains fallout from trading glitches on BATS Snafus on an upstart stock exchange remind regulators work is needed to prevent trading disasters. (Washington Post) [ Riiiiight! SEC doesn’t ‘prosecute’ (civil, then refer to DOJ), but they’re quick to take credit here for (?). But, they’re quite adept at destroying inculpatory documents incriminating the biggest wall street frauds that remain ‘hands off’ from their perspective. Scmoozin’ with the big frauds, the SEC / DOJ is a great place to look for work on fraudulent wall street (as prospective client, employer, etc.).

SEC destroyed documents, senator says 17 Aug 2011 ‘The Securities and Exchange Commission destroyed documents and compromised enforcement case ... Sen.Grassley “It doesn’t make sense that an agency responsible for investigations would want to get rid of potential evidence…’ Report: SEC lawyer exposed FBI informant (WP) [the sec liar (sic – lawyer) typically with a ‘pre or post’ arrangement, whether implicit or explicit; that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were murdered by mafia / organized crime [ this was documented with authority in ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman ] SEC faulted over records shredding The SEC destroyed internal documents that should have been preserved as official federal records, the agency’s inspector general has found. (Washington Post) [ Oh, if it was only that, and only the SEC; and if only they did an incisive investigation of the DOJ. Sheriff: Fast and Furious Bigger Scandal Than Watergate http://www.prisonplanet.com/sheriff-fast-and-furious-bigger-scandal-than-watergate.html Paul Joseph Watson | Over two dozen Republicans call for Holder to resign. Though heavily redacted, the documents directly discuss “Operation Fast and Furious” and how it involves “trafficking firearms to Mexico”. Tuesday, November 1, 2011 . )That’s certainly my experience which comports with reality, http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm

11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm , Guest Post: Money from Nothing - A Primer on Fake Wealth Creation and its Implications (Part 2) ZeroHedge.com 3-14-12 Durable goods orders drop by most in 3 years AP , etc.. Then there was previously the manipulated revision to make this month’s distressed, foreclosure sales (backlog) look better. Total scam! This will all end quite badly and is much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles. { http://albertpeia.com/todaysbusinesssummarylinks.htm

Memo ties Corzine to transfer of funds House panel says MF Global transferred $200M of customers’ money to J.P. Morgan Chase three days before it filed for bankruptcy. Big banks’ move against Dodd-Frank The law has pushed banks to reorganize — to comply with the new rules, and to avoid their impact. (Washington Post) [ Yeah, Pen Name Tyler Durden of Zero Hedge has already been all over both these issues and sets forth: Corzine Corzined - Congressional Panel Finds Former MF Global CEO Ordered JPM Fund Transfer

UPDATE: Bloomberg TV news of the 'smoking gun' added

CRIME STATS(u.s.No.1)

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

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

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Why the mandate is constitutional And why it is key to health-care reform. (Washington Post) [ If you’ve studied constitutional law, you realize that while as mentioned, ie., ‘Supreme Court has struck down attempts by Congress to use the Constitution’s Commerce Clause to promulgate laws that had no connection to commercial activity’ , whenever even whimsically desired owing to as they say in the (Southern California) Valley, ‘what_ever’ (reason, ie., boredom, politics, etc.), the court has found that connection, however tenuous, real or imagined. So tenuous at times, one has to indeed role one’s eyes in disbelief. The reality is that now moreso than any other time in the nation’s history, the law has very little to do with what american courts generally, including the so-called supreme court do, so pervasively corrupt and defacto bankrupt is this nation in intractable decline. I’ve seen this first hand; and, I take oaths seriously and have sworn to it. The upshot of all of this? At best, some quid pro quos here and thar, some staked out turf, etc.. But the law? They never let that get in the way, especially today. Don’t forget, the nation’s insurmountably defacto bankrupt ( America’s debt woe is worse than Greece’s News (CNN) ‘Our government is utterly broke…The government’s total indebtedness is $211 trillion’ ), and americans inherently thieves, frauds, criminals, murderers, etc., as the statistics bear out beyond all other nations by far; so, ‘hold onto your wallets’!

http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm

CRIME STATS(u.s.No.1)

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

UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore cases that involve black defendants and white victims '

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

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 at! torney fees, as an incentive for private prosecution of said claims pr obably 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).

Th! e 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 meetin! g and his location was not disclosed to me upon inquiry). The matter w as 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 o! f Connecticut, who denied Coan's requested relief as to Coan but precl uded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [ transcript in pertinent part - http://albertpeia/crossexamofcoanbypeia.pdf ]
* Newly appointed judge, Maryanne Trump Barry, Donald Trump's sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.

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

There is applicable ins! urance / surety coverage and neither LA, nor creditors, nor I should continue to have been damaged by this brazened corrupt and illegal scenario, which should be resolved in accordance with the meaningful rules of law apposite thereto.

Sincerely,

Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are unresolved problems with the line, computer connection may be the reason but I hesitate to chance greater non-performance / worsening by their 'fix' so cell phone best for contact).{recent change 323-786-6651 -magic jack}

----------

*The foregoing and as indicated therein was previously send 9-14-10 but delivery confirmation was flawed as set forth below and my inquiries to the u.s. postal service rebuffed (I believe tampered with inasmuch as your office could not locate same). This cover letter (9-13-10) is on the 3 disks w! ith 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) ]

Responding to your message

FROM:

Rep. Lucille Roybal-Allard

TO:

[email protected]

Message flagged

Wednesday, November 16, 2011 8:48 AM

Dear Mr. Peia:

Thank you for being in touch. As we continue the busy first session of the 112^th Congress, I want you to know that I am grateful for the various times you have shared your thoughts and concerns with me on different issues. Please be assured that your voice is being heard and that your perspective helps me to better represent you in Washington, D.C.

Sincerely,

LUCILLE ROYBAL-ALLARD
Member of Congress

[ This is a reply to the Congresswoman’s query among others included.]

11-5-11

Dear Congresswoman Roybal-Allard:

The Keynesian (economic) approach, if ever a wise prescription for ‘economic doldrums’, euphemistically speaking (there are articles/studies/data that dispute the purported effectiveness of the widely hailed ‘Keynesian remedy’ during the prior great depression), the ‘Keynesian way’ is certainly no longer a prudent approach today in light of the insurmountable debt levels of nations worldwide and in america particularly along with the concomitant over-printed, debased ‘paper currencies’ to finance same. Quite simply, there simply is not enough real value being created for redistribution, a situation exacerbated by the parasitic lightening fast, computerized churn and earn high frequency trading programs on fraudulent wall street (they should be prosecuted, jailed, fined, and disgorgement imposed for extant frauds in the trillions now marked to anything as per misguided legislated FASB rule change). [ America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke …The government’s total indebtedness is $211 trillion’. 43,454,601,693,238 Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock ] .This is the consequence of a structural shift fed by greed and misguided policy and cannot be undone (transfer of productive capacity to ie., China, etc., ‘the bell cannot be unrung’). That said which militates against such an extension, this is an election year which probabilities suggest makes highly likely the passage of the extension. I favor your co-sponsored legislation and before the holidays simply in the name and spirit of Christmas and for no other reason whatsoever. Below is a recent comment to Opinion Writer Krauthammer’s ‘more war spending (Keynesian) position’ and an article regarding the folly of same. Immediately following is from my prior post to you concerning something of such manageable proportion and well within the government’s ability to resolve (if the government can’t accomplish this consistent with law and long overdue, then there isn’t anything the government can accomplish), along with other comments to you for ease of reference:

‘…As previously noted in a prior message to you, I had previously spoken to FBI Agent Bill Lewis in Washington who was recently promoted to the FBI Headquarters Office (D.C.) from the FBI office here in LA, and who was to be out of the office for the two weeks past. I’ll be contacting him given a reasonable time for him to ‘catch up’, from being out of the office. While independent contractor richard coan is ultimately the one to bear the burden of damages (there’s insurance and a surety covering same), coan might allude to the prior default of the u.s. government (assist. u.s. atty. robert i. lester miscounted / miscalculated the time for filing an answer / response to the complaint upon service thereof, also misstating the rule in open court before corrupt judge matz who ‘schmoozed’ things over (they both have the same employer), however incorrectly according to the ‘law’. I ordered / bought a copy of the transcript of that rather pathetic proceeding (posted in part on my website). In any event, regardless who pays me, the amounts so paid would ultimately be recovered from coan, his insurer/surety which amounts might even exceed the amount I’m willing to settle at. [There is also a judgment (referenced in the correspondence to FBI ADIC Martinez infra) that 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 would benefit Los Angeles, etc.; and then, of course as well, the substantial damages. ] I’ve waited far too long for this matter to resolve, what should have been resolved in accordance with clear law long ago; and, which would have been resolved if not for typical u.s. corruption in the process; and, which is well within the government’s ability to resolve. In my world and way of thinking, results do count! I’ve included prior correspondence for ease of reference…’

Sincerely,

Albert L. Peia

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

New home sales fell in February But the median sales price of new homes sold last month rose more than 8 percent to $233,700. (Washington Post) [ Yes, all bad news; but, you wouldn’t know it from the ‘bad news good, good news better’ stock market as the same was a big miss. And, that big increase in median price on falling sales shows what absolute wonders QE’s and runaway dollar printing / debasement for the sake of wall street do to the prices of all things, including new homes which they’re happy to spin, while oil, gas, food, etc., not so much. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ECRI Stays with Recession Call New American | The vicious cycle is starting where lower sales, lower production, lower employment and lower income [leads] back to lower sales…BOB ADELMANN New American 3-13-12 http://albertpeia.com/ecricallsrecession.htm , STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm Both The Market and Government Are Irrational Paul Craig Roberts | One of the great economic myths is that markets are rational. Not a day passes without this myth being disproved scores of times, but the myth persists. [ The ‘psychological factor’ has always been a component in the valuation of securities which valuations, good or ill, collectively give rise to the ‘markets’. The mythical part is the presumption of rationality accorded the ‘market-makers’ which, despite their glaring irrationality and propensity for fraud (I’d conservatively say that wall street is comprised predominantly, I’d estimate 90%, of psycho/sociopathic personalities), is still decidedly and pathetically vis-à-vis the rest of the ‘go along to get along’ world, criminally insane wall street. { The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal } It should be obvious by now, particularly with the advent of ubiquitous, lightning fast programmed computerization, that the markets are fraudulently manipulated in a bigger way now than ever; and, not without great cost ultimately to muppets / taxpayers like you, whether in the markets or not.They do it for the money; and, sick as they are, to be screwin’ at least someone all of the time which perversely gives them pleasure! ] This is an especially great opportunity to sell / take profits with stocks floating on air in contraindicated ‘Weimar dollar bubble rally’ as preceded last crash. Suckers’ rally into the close off lows and in shades of the dot com bubble with Apple the fraudulent stock market’s one-trick pony (‘in play’, pricey, big weighting and big bang for the market buck, and compared to what). Competition will ultimately (no real breakthroughs on horizon) take a big bite out of the Apple, which along with price targets is way over valued (currently being manipulated to the upside by the ‘muppet masters’ given the 20% weighting for maximum fraudulent effect). I say this despite liking Apple. They’re loving Apple to death on fraudulent wall street which is a testament to the pathetic state of american and world technology which is horrendous. As my first computer (Apple IIc, 1986) I’m glad they survived but they’re way, way over-valued. Aside from the IPAD (at best and even that’s a stretch, and past history at that), there’s really nothing there, which is a testament to the stupidity of american consumers particularly. Wake up! What total frauds! 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm , **Guest Post: Money from Nothing - A Primer on Fake Wealth Creation and its Implications (Part 2) ZeroHedge.com 3-14-12 ‘Only in a debt-based money system could debt be curiously cast as an asset. We’ve made “extend and pretend” a quaint phrase for a burgeoning market for financial lying and profiteering aimed toward preventing the collapse of a debt- (or lack-) based system that was already doomed by its initial design to collapse.’ Election year temp jobs, trade deficit up, GDP projection down, business inventories miss, manipulations, obfuscations…** Dave’s Daily: http://www.etfdigest.com STOCK RALLY FADES WITH CDS ISSUE 3-9-12 [ Dave astutely points out: “Jobless Claims Thursday were weaker than expected (362K vs 351K expected and prior revised higher to 354K). Did you know that prior weekly Jobless Claims data has been revised higher 100% of the time over the past two years? How does that happen this consistently?” – Which I refer to as the ‘data ponzi scheme’ wherein new fake data is used to buoy markets as prior reported fake data is reconciled closer to reality. 3-15-12 Yes, and again, prior week revised up . ] Does China's Forex Policy Beggar Its Neighbors? The Wall Street Journal [ Are you sure the author didn’t mean ‘bugger its neighbors’? Sounds like it; but, it’s really all about cost structures which are far less in China which is the primary reason for China’s export success. Manipulation of currencies is an artifice that the west will ultimately prove does not work at all (all that over-printing / creating of fiat Weimar paper currencies is a time-tested loser).]Rumor planted by fed of QE3 light spurs rally, not the fake, uneconomic jobs estimate from jersey adp for election year spin purposes which only fools believe. How desperate and pathetic! For those who think this money-printing out of thin air is without cost, you’re in for a worse than rude awakening. The global markets have become a joke! This is a ‘full press’ as in ‘fiat paper printing presses in overdrive’ debased Weimar dollars / currencies that will end quite badly so take this opportunity to take profits while you can. The manipulated, contrived, and fake data has all been unaffordably ‘electioneared’ for ‘electionyeared’ spin and propaganda. Don’t be their fool! The full moon previously helped keep the contraindicated lunatics’ huge suckers’ rally going with across the board media et als complicity (infra). But not quite … reality (will) catch(es) up … you know the drill … typical suckers’ surge into the close off lows, etc.. Today’s data looked pretty bad to me, even with the manipulations/spin otherwise, ie., Durable goods orders drop by most in 3 years AP , etc.. Then there was previously the manipulated revision to make this month’s distressed, foreclosure sales (backlog) look better. Total scam! This will all end quite badly and is much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles. { http://albertpeia.com/todaysbusinesssummarylinks.htm - today’s business summary links only, by day – scroll down as well for today’s links and for more complete context – Encouraged and recommended! } This global suckers’ rally is based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare (which is being injected sub rosa, see infra), bad news, fraud, bs, and desperation alone, as suckers’ rallies ushered in the new year in a most preposterous fashion [Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’ for the superstitious so-called ‘January effect’ based on based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, bs, and desperation alone to suck suckers in and keep suckers sucked in! Don’t be their fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s using the up moves to reduce risk assets / stocks / exposure, in other words, he’s selling the rallies which is sound advice [3-12-12: I’ve previously recommended this business report; but, like everything in america, it’s gotten so bad as in the first 30 minutes I calculated approximately 6 minutes of business report and the balance predominantly advertising and some cbs network stuff before I had to turn it off – I might listen again in a year, if at all. Terrible! ]. The fundamentals/realities, current and prospective, are worse than ever. There are no systems/formulas for these unprecedentedly dire times. Don’t be their sucker! This is an especially great opportunity to sell / take profits because there’s much, much worse to come! Here’s a simple chart of the Dow’s history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als.] with lingering intoxication an explanation as the printing presses and issuance of worthless insurmountable debt paper are in full throttle globally (a testament to global blindness as the blind follow the blind) making this impending disaster at this time an especially great opportunity to sell / take profits because there’s much, much worse to come! jersey-lautenberg based adp with 100% better than expectations private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce department data? Labor dept. ue claims / ue numbers? Only a fool believes what they say! ( After One Month Respite, Pink Slips Are Flying Again Durden , Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Durden on 01/06/2012 .. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg , ) The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , ‘…technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57…’ , The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm Why earnings will continue to decline MarketWatch , 10 Things That Every American Should Know About The Federal Reserve Eco.Coll.Blog http://albertpeia.com/10thingsmustknowaboutfedreserve.htm #1 The Federal Reserve System Is A Privately Owned Banking Cartel #2 The Federal Reserve System Is A Perpetual Debt Machine #3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar #4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability #5 The Federal Reserve Is Paying Banks Not To Lend Money #6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging #7 The Federal Reserve System Is Dominated By The Big Wall Street Banks #8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913 #9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence #10 The Federal Reserve Has Become Way Too Powerful , A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm Any financial system that is based on debt is doomed to fail. Today, we are living in the greatest debt bubble that the world has ever seen … , Despite Two Thirds Of Components Declining, Empire Fed Prints At Highest Since June 2010 ZeroHedge | Chalk this one to “seasonal adjustments” or something, cause we no longer have any clue what is going on with the data fudging in America. , 20 Signs You Might Be A Typical American Worker http://albertpeia.com/20signsoftypicalamericanworker.htm , 10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm , 8 Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default http://albertpeia.com/8reasonsgreekdebtdefaultstillcoming.htm , 55 Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm ‘How is the U.S. economy doing in 2012? Unfortunately, it is not doing nearly as well as the mainstream media would have you believe. Yes, things have stabilized for the moment but this bubble of false hope will not last for long. The long-term trends that are ripping our economy and our financial system to shreds continue unabated. When you step back and look at the broader picture, it is hard to deny that we are in really bad shape and that things are rapidly getting worse. Later on in this article you will find a list of interesting facts that show the true state of the U.S. economy… , http://albertpeia.com/debtpercapita.jpg , Double-dip recession setting in across eurozone: EU Thomson | AFP , America 1950 vs. America 2012 http://albertpeia.com/downhillslideofamerica.htm , Society’s Five Stages of Economic Collapse http://albertpeia.com/5stagesofcollapse.htm David Meyer shtfplan.com March 1, 2012 , No Housing Recovery - Case Shiller Shows 8th Consecutive Month Of House Price Declines Durden 2-28-12 Little that can be added here. The December Case Shiller came, saw, and shut up all those who keep calling for a home price recovery. The Index printed at 136.71 on expectations of 137.11, with the prior revised to 138.24. The top 20 City composite was down -0.5% on expectations of a 0.35% drop. 18 out of 20 MSAs saw monthly declines in December over November… , Goldman: Germany Is Now On The Hook By €1 Trillion (Or 40% Of GDP) Durden, , 20 Economic Statistics To Use To Wake Sheeple Up From Their Entertainment-Induced Comas http://albertpeia.com/20ecostatstowakesheeple.htm , Central bank balance sheet expansion since end 2007 Mar 1st, 2012 by News (ZeroHedge) — SNB +230%; Fed +222%, BOJ +125%, BOE +87%, PBOC +93%, ECB +51%. USA Gold / PG View: Pretty strong evidence that the rally in bonds — and by extension the rally in stocks — is nothing but a charade. , 10.7 Percent: Unemployment In Europe Is Worse Than It Was At The Peak Of The Last Recession http://albertpeia.com/europeunemploymentworsethanrecession.htm The unemployment rate in the eurozone is now 10.7 percent. That is the highest the unemployment rate has been since the introduction of the euro. The unemployment rate in the eurozone never got any higher than 10.2 percent during the last recession. This is very troubling news. It was just recently announced that the eurozone has entered another recession, and already the unemployment rate is hitting new record highs… , Inflation Is A Tax And The Federal Reserve Is Taxing The Living Daylights Out Of Us http://albertpeia.com/inflationisatax.htm , Guest Post: Cause, Effects & The Fallacy Of A Return To Normalcy Durden 3-6-12, Market Takes First Big Loss Of 2012 As Investors Eye Greek Debt Swap Forbes , 15 Potentially Massive Threats To The U.S. Economy Over The Next 12 Months http://albertpeia.com/15massivethreatstoeconomy.htm , 1 Through 30 – The Coming U.S. Financial Crisis By The Numbers http://albertpeia.com/1-30usfinancialcrisiscoming.htm , Gallup Finds February US Unemployment Jumps Most Since 2010, Third Consecutive Monthly Increase Durden 3-8-12 , Initial Claims Miss Expectations, Rise For Third Consecutive Week For First Time Since August 2010 Durden 3-8-12 , Greece Has Defaulted - Which Country In Europe Is Next? http://albertpeia.com/greecehasdefaultedwhonext.htm , Five Charts That Prove We’re in a Depression and That the Federal Reserve and Washington Are Wasting Money March 12, 2012 By gpc1981 http://albertpeia.com/usindepressionfedandgovwastingmoney.htm , Broken Promises: Pensions All Over America Are Being Savagely Cut Or Are Vanishing Completely .. this exact scenario is playing out from coast to coast and in the years ahead millions of elderly Americans are going to be affected by broken promises and vanishing pensions.. http://albertpeia.com/uspensionscutorvanishing.htm , America Is Being Transformed From A Wealthy Nation Into A Poor Nation At Breathtaking Speed America is losing wealth far faster than any other nation on earth is. http://albertpeia.com/ustransformedfromwealthytopoor.htm , As US Rakes Largest Monthly Deficit In History, 2012 Tax Revenues Net Of Refunds Trail 2011 Durden 3-12-12 , Guest Post: The Audacity of Bonuses At MF Global Durden 3-12-12 In the spirit of George Orwell’s Animal Farm commandment: “all animals are equal, but some animals are more equal then others” comes the galling news that bankruptcy trustee, Louis Freeh, could approve the defunct, MF Global to pay bonuses to certain senior executives. This, despite the fact that nearly $1.6 billion of customer funds remains “missing” or otherwise partially accounted for, yet beyond the reach of those customers, perhaps forever, since before the firm declared bankruptcy on October 31, 2011... , 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm , S&P Says Improbable Any Economic Improvement Would Bring Back AAA US Rating Durden 3-15-12 Sigh: S&P says that it is impossible that any economic improvement would bring back the AAA rating US deficit progress is needed. *Outlook remains negative.- And what do stocks do on latest S&P report that America is broke? Why they surge of course.... , The U.S. Economy: Soul Crushing Total System Failure http://albertpeia.com/ustotalsystemfailure.htm , Kass: The Market Is Overvalued at TheStreet By Doug Kass { Yes, this is true; but, he’s still too optimistic in that he doesn’t point out that the election year manipulations / obfuscations will cause things to end far worse than his anticipation. } , An Open Letter to All Presidential Candidates March 19, 2012 By gpc1981 http://albertpeia.com/grahamsummerswarnings.htm , Ben Bernanke Tries To Convince America That The Federal Reserve Is Good And The Gold Standard Is Bad http://albertpeia.com/benbsshalombernankesellsfedpansgoldstandard.htm [ greenspan and now bernanke are incompetent and total failures creating and exacerbating current and prospective conditions for the sake of fraudulent wall street at everyone else’s expense! ] , 10 Signs That America Is On The Verge Of A Horrible Municipal Debt Crisis http://albertpeia.com/americanmunicipaldebtcrisis.htm , Bursting The Permabullish Bubble: 11 Out Of 13 Economic Indicators Have Missed Durden 3-22-12 , Corzine Corzined - Congressional Panel Finds Former MF Global CEO Ordered JPM Fund Transfer Durden 3-23-12 [ ‘Jon S. Corzine, MF Global Holding Ltd.’s chief executive officer, gave “direct instructions” to transfer $200 million from a customer fund account to meet an overdraft in one of the brokerage’s JPMorgan Chase & Co. accounts in London, according to an e-mail sent by a firm executive. Edith O’Brien, a treasurer for the firm, said…’] , Fourth Largest Gun Maker In US Is Out Of Guns Durden 3-23-12 In a somewhat sad and shocking slap of reality… , Goldman Skewers Muppets Again: Worst Week For Stocks, Best for Long End Bonds Durden 3-23-12 While stocks staged an 'interesting' recovery this afternoon, it was not enough to save them from a fate-worse-than-death - a red-weekly-close! The only (and therefore) largest drop in the S&P 500 of the year (after GS long stocks call) was dominated (beta-adjusted) by the largest 30Y Treasury yield improvement of the year (after GS said get short Treasury futures). It seemed we reverted to good-is-good, but bad-is-better trading this afternoon , BATS Withdraws IPO Durden 3-23-12 , Where Did All The Money Go? Here! Durden 3-23-12 … could quickly get very hot on the inflationary front.. , Guest Post: Its A Dead-Man-Walking Economy Durden 3-23-12 In an interview with Louis James, the inimitable Doug Casey throws cold water on those celebrating the economic recovery. "Get out your mower; it's time to cut down some green shoots again, and debunk a bit of the so-called recovery." , Merkel Goes Braveheart: Debt 'Can' Take Our Freedom , Guest Post: About That $20 Trillion In Public Debt... Durden 3-23-12 In only three more years you're talking $20 trillion in public debt for the USA and a GDP going nowhere fast. Add to this that demographics are not encouraging and taxes of all sorts will have to rise. Cuts will be symbolic because the political pain will be unbearable. Without productive new investment, then debt service soon outstrips income growth and the economy enters a death spiral of declining productive investment, ever expanding debt and ever higher debt service costs. , Please Highlight The Housing Recovery On The Following Chart Durden 3-23-12 ...of New One Family Homes for Sale (source) which at 150,000 is the lowest print... Ever. And no, "it can only go up from 300,000, 250,000, 200,000, 150,000... 0" does not work with us. , BATS Exchange Declares Self-Help Against... Itself; Trading Halted "Until Further Notice" Durden 3-23-12 SkyNet Is Now Cannibalizing Itself: BATS IPO Flash Crashes , New Home Sales Make It 12 Out Of 14 Economic Misses , Jeff Saut's Permabullishness Just Cost Raymond James Hundreds Of Thousands In Lost Revenue , Eurosis Is Back As "New" Greek Bonds Break 20%, Slide 14% In 2 Days , Gold in Q2 +15% To $1,850/oz On Inflation and Currency Debasement - BARCAP , Selloff Resumes As "Risk Off" Sentiment Refuses To Leave , Dave’s Daily: http://www.etfdigest.com MARKETS REBOUND TO CLOSE LOSING WEEK 3-23-12 ‘Fed governors are out on the stump making speeches and arguing publicly regarding current and future monetary policy. Fisher says no more QE as does Lockhart (for now). Meanwhile, Bullard and Evans want QE now. Bullard’s comments were interesting since it seemed he wanted QE now based on what he perceives as weakening inflation.Most market moving news Friday was negative frankly. China continues to put out disappointing economic data. State-owned enterprises (always a scary description) reported a decline in profits and banks “misstated” default exposure by over 20%. In the U.S., New Home Sales disappointed (313K vs 325 expected & prior revised lower to 318K) which isn’t what bulls (ITB & XHB) hoped for obviously.Rumors of a coup in China have been dismissed out of hand (see Stratfor.com); other rumors had Israel in “mobilization” while the WH quickly released a note stating Iran is far away from nukes, and those pesky “we want a hand-out” North Koreans launched another missile.Oil (USO) rallied sharply on the Israeli rumor, stocks turned around and rallied modestly to close a losing week; bond prices continued their oversold rebound (IEF & TLT); gold rallied (GLD) as the dollar (UUP) resumed its decline in the trading range; and, commodities (JJC & DJP) rebounded slightly with the weaker dollar. ..Volume on this mini melt-up was holiday light once again... The last 15 minutes of trading featured traders squaring-up and ETF issuers matching-up…’ , 10 Reasons Why Nothing You Do On The Internet Will EVER Be Private Again http://albertpeia.com/10reasonsnothingoninternetprivate.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Memo ties Corzine to transfer of funds House panel says MF Global transferred $200M of customers’ money to J.P. Morgan Chase three days before it filed for bankruptcy. Big banks’ move against Dodd-Frank The law has pushed banks to reorganize — to comply with the new rules, and to avoid their impact. (Washington Post) [ Yeah, Pen Name Tyler Durden of Zero Hedge has already been all over both these issues and sets forth: Corzine Corzined - Congressional Panel Finds Former MF Global CEO Ordered JPM Fund Transfer

Durden 3-23-12

UPDATE: Bloomberg TV news of the 'smoking gun' added

The only thing that could top today's epic market insanity and hilarity, would be that Corzine is himself about to be Corzined. Just released from Bloomberg:

MF GLOBAL'S CORZINE ORDERED FUNDS MOVED TO JPMORGAN, MEMO SAYS
CORZINE'S `DIRECT INSTRUCTIONS' CITED BY CONGRESSIONAL PANEL
MF GLOBAL TRANSFER WAS USED TO COVER OVERDRAFT, PANEL SAYS
MF GLOBAL FINDINGS CITED IN MEMO OBTAINED BY BLOOMBERG NEWS

And so we can now add perjury to felony embezzlement. Which means we now have to wait to find just which MF'er (and JPM'er) will be given a promise of untold millions if they only get Fab Tourred for a few years, and spend 5-7 in minimum security state prison instead of brave Jonny.

[ ‘Jon S. Corzine, MF Global Holding Ltd.’s chief executive officer, gave “direct instructions” to transfer $200 million from a customer fund account to meet an overdraft in one of the brokerage’s JPMorgan Chase & Co. accounts in London, according to an e-mail sent by a firm executive. Edith O’Brien, a treasurer for the firm, said…’]

Deutsche Dumps Dodd - How Germany's Biggest Bank Ran Circles Around The Fed Durden 3-21-12 Why are we not surprised at the fact, as reported by the WSJ, that Deutsche Bank AG changed the legal structure of its huge U.S. subsidiary to shield it from new regulations that would have required the German bank to pump new capital into the U.S. arm. The bank on Feb. 1 reorganized its U.S. subsidiary, known as Taunus Corp., so that it is no longer classified as a 'bank-holding company' (BHC). The technical change has important consequences. Taunus—which at the end of last year had about $354 billion of assets and 8,652 employees, making it one of the largest U.S. banking companies—won't have to comply with a provision of the U.S. Dodd-Frank regulatory-overhaul law that essentially forces the local arms of non-U.S. banks to meet the same capital requirements that American banks fact… So much for all that systemic risk control and lessons learned as hey-presto - everything is sidestepped as the farce continues.

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

`http://albertpeia.com/blackonwhitecrime.htm`

`VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor...` `http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm`

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

EUROPE RIDICULES OBAMA... 'Maybe copy key got stuck on presidential speechwriter's keyboard'...
REPORT: Corzine Ordered $200M Moved to JPMORGAN Days Before MF GLOBAL Collapse...
...memo contradicts Corzine testimony
LATEST DOCUMENT DUMP: White House was all-hands-on-deck as SOLYNDRA collapse neared...
APPLE Flash Crash: Single Trade Causes 9% Plunge...
3-22-12 'Do you have your birth certificate?'
Heckled at Ohio State...
CNN reporter says 'n*gger' on live TV … [ Good for him! That’s what they are! ] ...
WASHPOST: 'Florida shooting stirs memories of civil rights era'...
Farrakhan Threatens 'Retaliation'… [ Retaliation? Can you imagine the number of blacks that would have to be retaliated against based upon the hushed reality of the prevalence of black on white crime? The blacks should be careful what they wish for in playing that game because the facts don’t break in their favor. As for the pathetic whites among and protesting with them, they at best just don’t know any better and need a closer real look at the black. ] ...

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Obamacare’s oxymoron The mandate contradicts centuries of contract law.(Washington Post) [ Indeed, not to mention constitutional law. But, as we’ve all come to realize in meaningfully lawless, pervasively corrupt, defacto bankrupt america, who’s still counting; so prevalent the lawless approach in favor of political expediency. Obama's Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…There will be no significant recovery in the United States of America while Barack Obama is President. The evidence is overwhelming: everything Obama has tried to fuel a recovery (with his Democratic allies in Congress) has failed. Statistics claiming jobs saved by the stimulus package were mostly fiction, and cost American taxpayers about $275,000 each. Nearly 2-1/2 million fewer Americans have jobs than before the stimulus… Obamacare, a program that doesn’t create jobs, but might destroy a lot of them. … His broken campaign promises are too numerous to list …’

A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm
Any financial system that is based on debt is doomed to fail. Today, we are living in the greatest debt bubble that the world has ever seen

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

BofA getting into landlord business Mortgage lender unveils pilot program offering those facing foreclosure a chance to rent. (Washington Post) [ Sounds like a plan! Anything but their core business of … banking! While working for a bank (while pursuing evenings my MBA, Finance NYU, 1977) and in my experience it was consistently said (by bankers), ‘we’re not in the real estate business’ (particularly regarding potentially and foreclosed properties). My, how times have changed. Yet, make no mistake, part of the strategy recently regarding homes in default was to allow defaulters to stay so as to maintain the properties; so, this might be slightly better, but don’t BANK ON IT!

The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ECRI Stays with Recession Call New American | The vicious cycle is starting where lower sales, lower production, lower employment and lower income [leads] back to lower sales…BOB ADELMANN New American 3-13-12 http://albertpeia.com/ecricallsrecession.htm , STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm Both The Market and Government Are Irrational Paul Craig Roberts | One of the great economic myths is that markets are rational. Not a day passes without this myth being disproved scores of times, but the myth persists. [ The ‘psychological factor’ has always been a component in the valuation of securities which valuations, good or ill, collectively give rise to the ‘markets’. The mythical part is the presumption of rationality accorded the ‘market-makers’ which, despite their glaring irrationality and propensity for fraud (I’d conservatively say that wall street is comprised predominantly, I’d estimate 90%, of psycho/sociopathic personalities), is still decidedly and pathetically vis-à-vis the rest of the ‘go along to get along’ world, criminally insane wall street. { The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal } It should be obvious by now, particularly with the advent of ubiquitous, lightning fast programmed computerization, that the markets are fraudulently manipulated in a bigger way now than ever; and, not without great cost ultimately to muppets / taxpayers like you, whether in the markets or not.They do it for the money; and, sick as they are, to be screwin’ at least someone all of the time which perversely gives them pleasure! ] This is an especially great opportunity to sell / take profits with stocks floating on air in contraindicated ‘Weimar dollar bubble rally’ as preceded last crash. Suckers’ rally into the close off lows and in shades of the dot com bubble with Apple the fraudulent stock market’s one-trick pony (‘in play’, pricey, big weighting and big bang for the market buck, and compared to what). Competition will ultimately (no real breakthroughs on horizon) take a big bite out of the Apple, which along with price targets is way over valued (currently being manipulated to the upside by the ‘muppet masters’ given the 20% weighting for maximum fraudulent effect). I say this despite liking Apple. They’re loving Apple to death on fraudulent wall street which is a testament to the pathetic state of american and world technology which is horrendous. As my first computer (Apple IIc, 1986) I’m glad they survived but they’re way, way over-valued. Aside from the IPAD (at best and even that’s a stretch, and past history at that), there’s really nothing there, which is a testament to the stupidity of american consumers particularly. Wake up! What total frauds! 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm , **Guest Post: Money from Nothing - A Primer on Fake Wealth Creation and its Implications (Part 2) ZeroHedge.com 3-14-12 ‘Only in a debt-based money system could debt be curiously cast as an asset. We’ve made “extend and pretend” a quaint phrase for a burgeoning market for financial lying and profiteering aimed toward preventing the collapse of a debt- (or lack-) based system that was already doomed by its initial design to collapse.’ Election year temp jobs, trade deficit up, GDP projection down, business inventories miss, manipulations, obfuscations…** Dave’s Daily: http://www.etfdigest.com STOCK RALLY FADES WITH CDS ISSUE 3-9-12 [ Dave astutely points out: “Jobless Claims Thursday were weaker than expected (362K vs 351K expected and prior revised higher to 354K). Did you know that prior weekly Jobless Claims data has been revised higher 100% of the time over the past two years? How does that happen this consistently?” – Which I refer to as the ‘data ponzi scheme’ wherein new fake data is used to buoy markets as prior reported fake data is reconciled closer to reality. 3-15-12 Yes, and again, prior week revised up . ] Does China's Forex Policy Beggar Its Neighbors? The Wall Street Journal [ Are you sure the author didn’t mean ‘bugger its neighbors’? Sounds like it; but, it’s really all about cost structures which are far less in China which is the primary reason for China’s export success. Manipulation of currencies is an artifice that the west will ultimately prove does not work at all (all that over-printing / creating of fiat Weimar paper currencies is a time-tested loser).]Rumor planted by fed of QE3 light spurs rally, not the fake, uneconomic jobs estimate from jersey adp for election year spin purposes which only fools believe. How desperate and pathetic! For those who think this money-printing out of thin air is without cost, you’re in for a worse than rude awakening. The global markets have become a joke! This is a ‘full press’ as in ‘fiat paper printing presses in overdrive’ debased Weimar dollars / currencies that will end quite badly so take this opportunity to take profits while you can. The manipulated, contrived, and fake data has all been unaffordably ‘electioneared’ for ‘electionyeared’ spin and propaganda. Don’t be their fool! The full moon previously helped keep the contraindicated lunatics’ huge suckers’ rally going with across the board media et als complicity (infra). But not quite … reality (will) catch(es) up … you know the drill … typical suckers’ surge into the close off lows, etc.. Today’s data looked pretty bad to me, even with the manipulations/spin otherwise, ie., Durable goods orders drop by most in 3 years AP , etc.. Then there was previously the manipulated revision to make this month’s distressed, foreclosure sales (backlog) look better. Total scam! This will all end quite badly and is much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles. { http://albertpeia.com/todaysbusinesssummarylinks.htm - today’s business summary links only, by day – scroll down as well for today’s links and for more complete context – Encouraged and recommended! } This global suckers’ rally is based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare (which is being injected sub rosa, see infra), bad news, fraud, bs, and desperation alone, as suckers’ rallies ushered in the new year in a most preposterous fashion [Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’ for the superstitious so-called ‘January effect’ based on based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, bs, and desperation alone to suck suckers in and keep suckers sucked in! Don’t be their fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s using the up moves to reduce risk assets / stocks / exposure, in other words, he’s selling the rallies which is sound advice [3-12-12: I’ve previously recommended this business report; but, like everything in america, it’s gotten so bad as in the first 30 minutes I calculated approximately 6 minutes of business report and the balance predominantly advertising and some cbs network stuff before I had to turn it off – I might listen again in a year, if at all. Terrible! ]. The fundamentals/realities, current and prospective, are worse than ever. There are no systems/formulas for these unprecedentedly dire times. Don’t be their sucker! This is an especially great opportunity to sell / take profits because there’s much, much worse to come! Here’s a simple chart of the Dow’s history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als.] with lingering intoxication an explanation as the printing presses and issuance of worthless insurmountable debt paper are in full throttle globally (a testament to global blindness as the blind follow the blind) making this impending disaster at this time an especially great opportunity to sell / take profits because there’s much, much worse to come! jersey-lautenberg based adp with 100% better than expectations private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce department data? Labor dept. ue claims / ue numbers? Only a fool believes what they say! ( After One Month Respite, Pink Slips Are Flying Again Durden , Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Durden on 01/06/2012 .. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg , ) The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , ‘…technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57…’ , The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm Why earnings will continue to decline MarketWatch , 10 Things That Every American Should Know About The Federal Reserve Eco.Coll.Blog http://albertpeia.com/10thingsmustknowaboutfedreserve.htm #1 The Federal Reserve System Is A Privately Owned Banking Cartel #2 The Federal Reserve System Is A Perpetual Debt Machine #3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar #4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability #5 The Federal Reserve Is Paying Banks Not To Lend Money #6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging #7 The Federal Reserve System Is Dominated By The Big Wall Street Banks #8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913 #9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence #10 The Federal Reserve Has Become Way Too Powerful , A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm Any financial system that is based on debt is doomed to fail. Today, we are living in the greatest debt bubble that the world has ever seen … , Despite Two Thirds Of Components Declining, Empire Fed Prints At Highest Since June 2010 ZeroHedge | Chalk this one to “seasonal adjustments” or something, cause we no longer have any clue what is going on with the data fudging in America. , 20 Signs You Might Be A Typical American Worker http://albertpeia.com/20signsoftypicalamericanworker.htm , 10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm , 8 Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default http://albertpeia.com/8reasonsgreekdebtdefaultstillcoming.htm , 55 Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm ‘How is the U.S. economy doing in 2012? Unfortunately, it is not doing nearly as well as the mainstream media would have you believe. Yes, things have stabilized for the moment but this bubble of false hope will not last for long. The long-term trends that are ripping our economy and our financial system to shreds continue unabated. When you step back and look at the broader picture, it is hard to deny that we are in really bad shape and that things are rapidly getting worse. Later on in this article you will find a list of interesting facts that show the true state of the U.S. economy… , http://albertpeia.com/debtpercapita.jpg , Double-dip recession setting in across eurozone: EU Thomson | AFP , America 1950 vs. America 2012 http://albertpeia.com/downhillslideofamerica.htm , Society’s Five Stages of Economic Collapse http://albertpeia.com/5stagesofcollapse.htm David Meyer shtfplan.com March 1, 2012 , No Housing Recovery - Case Shiller Shows 8th Consecutive Month Of House Price Declines Durden 2-28-12 Little that can be added here. The December Case Shiller came, saw, and shut up all those who keep calling for a home price recovery. The Index printed at 136.71 on expectations of 137.11, with the prior revised to 138.24. The top 20 City composite was down -0.5% on expectations of a 0.35% drop. 18 out of 20 MSAs saw monthly declines in December over November… , Goldman: Germany Is Now On The Hook By €1 Trillion (Or 40% Of GDP) Durden, , 20 Economic Statistics To Use To Wake Sheeple Up From Their Entertainment-Induced Comas http://albertpeia.com/20ecostatstowakesheeple.htm , Central bank balance sheet expansion since end 2007 Mar 1st, 2012 by News (ZeroHedge) — SNB +230%; Fed +222%, BOJ +125%, BOE +87%, PBOC +93%, ECB +51%. USA Gold / PG View: Pretty strong evidence that the rally in bonds — and by extension the rally in stocks — is nothing but a charade. , 10.7 Percent: Unemployment In Europe Is Worse Than It Was At The Peak Of The Last Recession http://albertpeia.com/europeunemploymentworsethanrecession.htm The unemployment rate in the eurozone is now 10.7 percent. That is the highest the unemployment rate has been since the introduction of the euro. The unemployment rate in the eurozone never got any higher than 10.2 percent during the last recession. This is very troubling news. It was just recently announced that the eurozone has entered another recession, and already the unemployment rate is hitting new record highs… , Inflation Is A Tax And The Federal Reserve Is Taxing The Living Daylights Out Of Us http://albertpeia.com/inflationisatax.htm , Guest Post: Cause, Effects & The Fallacy Of A Return To Normalcy Durden 3-6-12, Market Takes First Big Loss Of 2012 As Investors Eye Greek Debt Swap Forbes , 15 Potentially Massive Threats To The U.S. Economy Over The Next 12 Months http://albertpeia.com/15massivethreatstoeconomy.htm , 1 Through 30 – The Coming U.S. Financial Crisis By The Numbers http://albertpeia.com/1-30usfinancialcrisiscoming.htm , Gallup Finds February US Unemployment Jumps Most Since 2010, Third Consecutive Monthly Increase Durden 3-8-12 , Initial Claims Miss Expectations, Rise For Third Consecutive Week For First Time Since August 2010 Durden 3-8-12 , Greece Has Defaulted - Which Country In Europe Is Next? http://albertpeia.com/greecehasdefaultedwhonext.htm , Five Charts That Prove We’re in a Depression and That the Federal Reserve and Washington Are Wasting Money March 12, 2012 By gpc1981 http://albertpeia.com/usindepressionfedandgovwastingmoney.htm , Broken Promises: Pensions All Over America Are Being Savagely Cut Or Are Vanishing Completely .. this exact scenario is playing out from coast to coast and in the years ahead millions of elderly Americans are going to be affected by broken promises and vanishing pensions.. http://albertpeia.com/uspensionscutorvanishing.htm , America Is Being Transformed From A Wealthy Nation Into A Poor Nation At Breathtaking Speed America is losing wealth far faster than any other nation on earth is. http://albertpeia.com/ustransformedfromwealthytopoor.htm , As US Rakes Largest Monthly Deficit In History, 2012 Tax Revenues Net Of Refunds Trail 2011 Durden 3-12-12 , Guest Post: The Audacity of Bonuses At MF Global Durden 3-12-12 In the spirit of George Orwell’s Animal Farm commandment: “all animals are equal, but some animals are more equal then others” comes the galling news that bankruptcy trustee, Louis Freeh, could approve the defunct, MF Global to pay bonuses to certain senior executives. This, despite the fact that nearly $1.6 billion of customer funds remains “missing” or otherwise partially accounted for, yet beyond the reach of those customers, perhaps forever, since before the firm declared bankruptcy on October 31, 2011... , 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm , S&P Says Improbable Any Economic Improvement Would Bring Back AAA US Rating Durden 3-15-12 Sigh: S&P says that it is impossible that any economic improvement would bring back the AAA rating US deficit progress is needed. Outlook remains negative.- And what do stocks do on latest S&P report that America is broke? Why they surge of course.... , The U.S. Economy: Soul Crushing Total System Failure http://albertpeia.com/ustotalsystemfailure.htm , Kass: The Market Is Overvalued at TheStreet By Doug Kass { Yes, this is true; but, he’s still too optimistic in that he doesn’t point out that the election year manipulations / obfuscations will cause things to end far worse than his anticipation. } , An Open Letter to All Presidential Candidates March 19, 2012 By gpc1981 http://albertpeia.com/grahamsummerswarnings.htm , Ben Bernanke Tries To Convince America That The Federal Reserve Is Good And The Gold Standard Is Bad http://albertpeia.com/benbsshalombernankesellsfedpansgoldstandard.htm [ greenspan and now bernanke are incompetent and total failures creating and exacerbating current and prospective conditions for the sake of fraudulent wall street at everyone else’s expense! ] , 10 Signs That America Is On The Verge Of A Horrible Municipal Debt Crisis http://albertpeia.com/americanmunicipaldebtcrisis.htm , Bursting The Permabullish Bubble: 11 Out Of 13 Economic Indicators Have Missed Durden 3-22-12 Back in early 2011, even as the global economy was at best flatlining, the one goalseeked explanation to justify a levitating stock market (which was rising solely* due to the short-term effect of transitory QE2 liquidity), was soaring corporate profitability (which only lasted as long as companies could trim some residual SG&A fat; they have now cut into the bone in terms of layoffs). This time around, with corporate margins having peaked, there had to be some other validation to explain away the "narrative" of the latest bout of central bank infused stock market levitation: it just happened that this time it was once again that old faithful, and always wrong, justification - decoupling. After all one just has to listen to 5 minutes of CNBC to hear it taken for granted that the US economy is doing oh so swimmingly. Here is a newsflash for all the permabulls out there. It isn't. Not only that, but as David Rosenberg highlights, 11 of the 13 most recent economic indicators have missed consensus expectations, and one can demonstrate that the other 2 - car sales and jobs - have been simplistically manipulated into a favorable outcome. So now that the market is turning over, with Europe and China both solidly into contractionary territory, with Corporate profit margins turning over, and with US data missing virtually every print, how long until the permabullish validations all go up in smoke, and the one true source of stock market "nirvana" - cheap money - is once again in high demand from the central planning cabal. In turn, the Chairsatans of the world will do as requested, as they always do, however not with crude (the real one - Brent, not that Cushing-buffered substitute) at $125, and with the risk that Israel may attack Iran any day now, with or without the blessing of the Fed's Class A director. , Saudi Arabia And China Team Up To Build A Gigantic New Oil Refinery - Is This The Beginning Of The End For The Petrodollar? http://albertpeia.com/beginningofendforpetrodollar.htm ‘The largest oil exporter in the Middle East has teamed up with the second largest consumer of oil in the world (China) to build a gigantic new oil refinery and the mainstream media in the United States has barely even noticed it... Once the petrodollar system collapses, a lot of our underlying economic vulnerabilities will be exposed and it will not be pretty. Tough times are on the horizon. It is imperative that we all get informed and that we all get prepared.’ , Gold Outperforms As Stocks Drop and Volume Pops Durden 3-22-12 , Bernanke Lecture II Decrypted, Inflation 79: Deflation 0 Durden 3-22- The word 'inflation' dominated the words and thoughts of the propagandist-in-chief as he described the Fed's role in the global economy post World War II this afternoon. The 11,400 word speech contained a record-breaking 79 uses of the term 'Inflation' and exactly Zero uses of the word' Deflation'. Subliminally, we notice that the word 'might' is randomized in between the words 'Prices' and 'Inflation' and the words 'War' and 'Risks' are uncommonly tangential. We know in our hearts that the 8 uses of the word 'Paul' was Volcker-related but its proximity to the word ' bit' and 'inflation' leaves us questioning the deus-ex-machina that is Wordle and Bernanke. 'Monetary policy' and 'crisis' pop up a lot and it is evident that we have a 'financial economy' with the word 'Stable' only appearing 0.0015% during the speech. , Guest Post: A Primer For Those Considering Expatriation Durden 3-22-12 A growing number of Americans are frustrated with the way in which their economy has been managed and are becoming increasingly concerned about future measures the government may take to keep its coffers full. A question that is arising with increasing frequency is: does expatriation offer a viable protection to those concerned about a more financially-intrusive US system? The short answer is 'yes' but while it does offer a solution to ending one's obligations to pay US taxes - it's important to understand that it's not suitable for everyone. Mark Nestmann gives a great nuts and bolts breakdown of what's involved and what the benefits and risks are , China, Russia Voice "US In Iran" Ire Durden 3-22-12 In a number of stories in China's top newspapers today, the US has been slammed for its moves to restrict Iran's oil trade which could see Chinese banks sanctioned. As The People's Daily noted, Hong Lei (a Foreign Ministry spokesperson) warned such unilateral action was not only wrong but could exacerbate the stand-off over Iran's nuclear program. Arguing that China 'imports oil based on its economic development needs' without violating relevant resolutions of the UN Security Council and undermining the third party's and international community's interests, he noted China will not accept the practice of saddling unilateral sanctions on the third country. Adding to this, China Daily notes the typical UN blah-dom of Wang Min's comments of the "more pragmatic importance to be firmly committed to dialogue and negotiations in order to properly solve the Iranian nuclear issue". While China is clearly 'disappointed' in the US efforts, Russia turns the dial to 11 with its comments that the US efforts are inflaming, as Russia's Foreign Minister Sergei Lavrov said Tuesday, "Scientists in nearly all countries....are convinced that strikes may slow down the Iranian nuclear program. But they will never cancel it, close it down or eliminate it" warning that Iran will have no option but to develop nuclear weapons should the US strike. Well you can't please all the people all the time eh? Just ask Ben. , HFT Has Disconnected Commodities From Fundamentals Durden 3-22-12 High-frequency traders have caused U.S. commodity futures prices to disconnect from market fundamentals of supply and demand since the 2008 financial crisis. An extensive and detailed analysis by the United Nations Conference on Trade and Development just confirms what we have shown again and again (most recently here in Silver) that HFT's impact on the world is not all unicorn-tears and liquidity-providing. Markets are more exposed to 'sudden and sharp' corrections, and as Reuters notes "The strategy of those involved in high-frequency trading tends to reinforce the correlation between equities and commodities". In a somewhat stunning conclusion from an academic treatise, the authors find "We are not saying that it's all about speculators and (that) fundamentals don't matter. But we are saying that they tend to matter less, except in extreme cases,". Unlike other studies on the linkages, the UNCTAD study uses tick-data and finds correlations rising and trade size dropping as frequency increased dramatically since the crisis in 2008. Critically, one final consequence is that investors seeking to diversify or hedge against other investments in their portfolio are often disappointed as the increased HFT creates a destabilizing effect on commodities (increasing volatility) and can often create bubbles. , Guest Post: What Is President Obama So Afraid Of? Durden 3-22-12 Quietly, and with little fanfare, President Obama signed a “National Defense Resources Preparedness” Executive Order on Friday. As the name suggests, the order intends to shore up the country’s national defense resources in advance of a national emergency. To be fair, this is not the first time that such an order has been written. President Obama’s order, however, takes things much, much further.This is all playing out with nearly perfect historical precision. Time and time again throughout history as once great empires accelerated their declines, governments have taken steps to protect their interests against the people. In the past, they have imposed curfews, disarmed the population, curtailed civil liberties, and declared national emergencies, usually against some great faceless enemy from abroad who threatens their way of life. As it turns out, though, our great faceless enemy is not some mythical boogeyman living in a cave, nor some angry brown person who hates us for our freedoms… but the very people within the system who’ve taken an oath to ‘support and defend the Constitution of the United States against all enemies, foreign and domestic.’ Have you hit your breaking point yet? Two Charts On Why The LTRO Is A 'Real' Failure Durden 3-22-12 , Guest Post: The One Chart That Says It All Durden 3-22-12 Depending on debt to fuel nominal growth leads to an economic death spiral. Sometimes one chart says it all. Charted against consumer credit, the S&P 500 (SPX) collapsed after the 2000 dot-com bubble burst and has been tracing out a descending channel since then. The Fed's injections of liquidity via trillion-dollar purchases of toxic mortgages and Treasury bonds does not funnel money into productive investments--all it accomplished was to further incentivize speculative churning and financialization to enriched the few at the expense of the many. So sit back, tighten your seatbelts and enjoy the death spiral ride, brought to you by the Federal Reserve and your elected servants of the financial Elite. , Home Prices Miss Large On 9th Consecutive Downward Revision Durden 3-22-12 It will come as no surprise to many that the warm-weather-induced ebullience and renaissance in the US housing market is perhaps floundering as all that demand was dragged forward. Today's notable miss in the FHFA Home Price Index (at unch vs an expectation of +0.3%) is ugly but the huge downward revision from +0.7% to merely +0.1% in the previous month is now the ninth consecutive notable downward revision.Add to that the fact that FreddieMac just reported mortgage rate cracking over 4% (from 3.92% to 4.08%) and the ugly data on MBA applications and...well at least we're decoupling. , Art Cashin Takes On Critics Of His Seasonal Adjustment Seasoning Durden 3-22-12 We have covered the topic of BLS seasonal adjustment to death and beyond, as well as the endless expansion of those dropping out like flies from the labor pool (did those not in the US labor force, one way or another, whether due to mistracking, statistical aberrations, or outright data manipulation, increase by 1.2 million in January? It did? Next question... or does the government now desperately need an apologist for its own upwardly biased data 'mismanagement'?). Yet some of the formerly relevant elements at the less than cutting edge of asset management-cum-blogging decided to call out Art Cashin for daring to point out just this glaringly obvious seasonal adjustment issue. Of course, Art does not need us rushing to his defense. He can do a good enough job on his own. , Initial Claims Beat Expectations, To Miss Next Week Following Revision Durden 3-22-12 Same old, same old from the BLS: with initial claims expected to print at 350K, we get a number that is just better, or 348K - supposedly the best since February 2008, however one which will be revised to about 351K next week, hence a miss, in line with the perpetual +3K upward statistical bias each and every week demonstrated by the BLS, which is no longer even funny. To be sure, last week's 351K was just raised to 353K, just so that headlines can announce a 5K drop in claims week over week. Continuing claims printed at 3.352MM, down from an upward revised 3.361MM. And yes, initial claims are lowest since February 2008... Until one adds the continuing claims, EUCs and Extended Claims as seen in the chart below. The 99 week cliff saw a total of 18K drop from total rolls: these are now 1MM lower compared to a year ago, Europe's 'Success Story' Double Dips: Irish Economy Re-Contracts, As Predicted Durden 3-22-12 Remember Europe's so-called success story - Ireland? Time to scratch it off the list, as the "best performing" PIIG, and "peripheral reform" wunderkind, just reminded everyone that the only true success story in Europe is that other I country - Iceland, after its fourth quarter GDP unexpectedly dropped 0.2%, well below consensus estimates of a 1.0% GDP boost. Odd - recall that back in October, following the announcement that Greece would be allowed to extract a bondholder haircut, initially at 50% and ultimately at 78.5%, we said that "this means that Portugal, Ireland, Spain and Italy will promptly commence sabotaging their economies (just like Greece) simply to get the same debt Blue Light special as Greece." Looks like Ireland is well on its way to doing just that, and the GDP slide is actually not all that surprising. Next: prepare for more "surprising" GDP misses from Portugal, Spain and, of course, Italy. , Dave’s Daily: http://www.etfdigest.com CHINA THROWS BULLS A CURVE 3-22-12 ‘China’s PMI declined to 48.1 vs 49.6 indicating a much sharper contraction that “soft landing” proponents believed. This created a ripple effect throughout global markets. Retail Sales in the U.K. were also poor (-.8% vs -.5% expected) which also included energy. Even Canada’s Retail Sales (.5% but ex-auto declined .5%) which missed expectations. Back in the eurozone old fears (debt and economic contraction) bubbled again to the surface driving markets there lower.In the U.S. Jobless Claims (348K vs 350 expected & another revision higher for prior 352K) allowed for a minor beat and some overhyped headlines. FHFA House Price Index came in absolutely flat which shouldn’t surprise given the inventory overhang. Leading Indicators (LEI) were higher (.7% vs .6% expected & prior revised lower to .2%) [Thanks to contrived bubble stock market weighting/bootstrap]. Together, not so bad, but U.S. markets can’t take a solo walk higher given high levels of global integration and correlation.Bonds rallied as stocks, gold, the euro, oil and most commodities sold-off as bullish sentiments about economic growth take a holiday. All one can conclude for now is markets rose too far too fast on dreadfully light volume with the latter being the most troubling.An ETN blow-up occurred Thursday with TVIX (Velocity Shares 2 X VIX Long ETN) as Credit Suisse suspended new share creation. The ETN should have been rising with as the VIX rose today. Investors should have been making great returns either through speculation or hedging have been disadvantaged in a major way. Here is our write-up and that of Yahoo and ZeroHedge.http://i238.photobucket.com/albums/ff171/flyfry/ETF%20Digest/image004-28.jpg Volume on selling was only slightly more impressive than on recent melt-up days. But more selling is due to open trailing stops getting executed generally. Breadth per the WSJ was negative…’ , Student-Loan Debt Reaches Record $1 Trillion, Report Says Mar 22nd, 2012 (Bloomberg) — U.S. student-loan debt reached the $1 trillion mark, as young borrowers struggle to keep up with soaring tuition costs, according to the initial findings of a government study., Morning Snapshot Mar 22nd, 2012 (USAGOLD) — Gold fell to new 10-week lows following further troubling signs of an economic slowdown in China. HSBC/Markit Flash manufacturing PMI fell to a 4-month low of 48.1 in Mar, tempering expectations that China will experience a “soft landing”. Given China’s voracious appetite for commodities, heightened growth risks tend to weigh on the complex. While gold is unquestionably seen more as money in China, rather than a commodity, lower commodity prices diminish inflation expectations and therefore the yellow metal’s appeal as a hedge.Recent PMI data also suggests Europe has fallen back into recession.

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

New-car sales rev up in early 2012 Sales exceed forecasts and put the nation’s automobile industry on track for its best year since 2007. (Washington Post) [ Yeah, at $250,000 per vehicle, exceeding rational forecasts was just bound to happen, election-year desperation and all. Drudgereport (on Government Motors): REPORT: Chevy Volt Costing Taxpayers Up to $250K Per Vehicle... CAVUTO: Volt sales inflated with taxpayer fleet buys...

GM earns highest profit ever The 103-year-old firm made $7.6B in 2011, up 62 percent from 2010. (Washington Post) [ Truth be told, I’m kinda happy for them; and hence, will refrain from any negative critique, however deserving, if any be there to say. After all, who hasn’t had a GM car [my first car was a 1963 Ford Mercury Comet Convertible, my favorite was a 1970 GM Chevy Corvette (silver-my favorite color)].

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Details on George Zimmerman muddy racial accusations in shooting of teen Images of man who killed Trayvon Martin in Florida can confuse. ‘A cop-wannabe’ Holder has been voice on racial controversies (Washington Post) [ Oh yeah, the black holder has been a voice: UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black defendants and white victims’. The black Farrakhan threatens retaliation …

Drudgereport: 3-22-12 (to obama) 'Do you have your birth certificate?'
Heckled at Ohio State...
CNN reporter says 'n*gger' on live TV … [ If the shoe fits! ] ...
WASHPOST: 'Florida shooting stirs memories of civil rights era'...
Farrakhan Threatens 'Retaliation'… [ Retaliation? Can you imagine the number of blacks that would have to be retaliated against based upon the hushed reality of the prevalence of black on white crime? The blacks should be careful what they wish for in playing that game because the facts don’t break in their favor. ] ...

From Pat Buchanan: As for racism, its ugliest manifestation is in interracial crime, and especially interracial crimes of violence. Is Barack Obama aware that while white criminals choose black victims 3 percent of the time, black criminals choose white victims 45 percent of the time? Is Barack aware that black-on-white rapes are 100 times more common than the reverse, that black-on-white robberies were 139 times as common in the first three years of this decade as the reverse? We have all heard ad nauseam from the Rev. Al about Tawana Brawley, the Duke rape case and Jena. And all turned out to be hoaxes. But about the epidemic of black assaults on whites that are real, we hear nothing.

http://albertpeia.com/blackonwhitecrime.htm

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

Google search for "Black on White crime"

The Color of Crime - "Blacks are statistically 50 times more likely to attack whites than vice versa"

The rare white-on-black attack is always 'front page' and featured coverage by most news media
while the daily black-on-white attacks are “disappeared”: Either not reported on at all, reported only by local newspapers, but “whited out” of local TV and national newspaper coverage, or reported without informing viewers of the respective races of the attackers and victim.

`VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor...` `http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm`

`Then there’s the wobamanoids messin’ with facts which is yet another reason to get the niggers out of the darkened whitehouse:` Demographics cloud optimism on black violent crime decrease live.psu.edu/story/52321 Mar 28, 2011 – "The result is that the violent crime rates for whites are inflated and the black rates are deflated in these studies," said Steffensmeier,

Violent Crimes: Black On White & White On Black

Wednesday, April 27, 2011 [ 4 months data from 2011 ]
WHITE Violent Crimes - Black Victims
(69 black victims of white violence)

BLACK Violent Crimes - White Victims

                         (A staggering 2201 white victims - so far )

Sub Categories:

Black Male Massacres - White Victims

Black Males - Abuse Of White Children

Black Males - Gang Rape Of Children

Black Males: Rape & Murder /Attempted Murder - White Female Victims

Black Males - Pack Attack On American Businesses

Black Males - Abuse Of White Elderly

Black Male Ambush - White Victims (under construction)

Black Males - Good Samaritan Murders - White Victims

Black Males - Murder / Attempted Murder Of White Police Officers

Black Male Atrocities Since 1964 - White Victims

Black Male SUCKER PUNCH - White Victims

Black Male Home Invasions - White victims

Black Male Public Abductions - White Victims (under construction)

The Black Male BULLY - America Under Siege

Black Males - Work Place Murders / Slaughters / Massacres

Black Children Who Rape / Rob / Murder - White Victims

Black Males - White Females : Dangerous and Deadly

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

Below is a Resource Guide for African-American statistics regarding crime rates, high school drop rates, illegitimacy rates, and co-habitation rates before 1964, and after the 1964.
(still under construction)

Black Male Crime Statistics (Pre 1964 - Under the DMG Theorem)

Black Male Crime Statistics (Post 1964 - Under Compulsory Inclusionism)

Prison and Crime Records by race (Black and White) between 1904 and 1960

High School Drop Out Rates

Black Illegitimacy Rates From 1900 to Present

Black Co-Habitation Rates - Historical figures

1965 Moynihan Report - An Unheeded WARNING

Time Magazine 1958
“THE NEGRO CRIME RATE: A FAILURE IN INTEGRATION"

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

BLACK HISTORICAL EVENTS & HISTORICAL FIGURES

African-American Committed Atrocities from 1900 to 1964

American-Initiated Riots - Flashpoints (1900 to 1964)

Rosewood Massacre (1923) What Really Happened

Ossian Sweet - Detroit 1925 - Attempted Black Male Massacre Of White People

Martin L. King's REAL Agenda In Memphis (1968)

Watts RIOT (1965) - The Beginning Of Black-Intiated Riots

Charitable Giving of White Toward Black In American History (1865 to 1964)

NAACP- Its Real Creators - Its Real Purpose

W.E.B. DuBois

Marcus Garvey

The Pink Franklin Case & The NAACP

Blacks Who Lynched Blacks -- Truth Behind American Lynchings

The Houston Negro MASSACRE (1917)

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

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

U.S. soldier to be charged with 17 counts of murder in Afghan massacre Though expected, move indicates that prosecutors have concluded that the slayings were premeditated. Crime or mental illness? Unacceptable, says man who lost 11 relatives (Washington Post) [ Crime or mental illness? What does that matter? The results speak for themselves. Even in domestic civilian criminal matters I believe the insanity defense to be specious and spurious as they mentally masturbate in attempting to measure the ability to formulate (specific) intent (then theere’s also the reality of the pervasiveness of inherent mental illness in americans); and, certainly in military matters where killing is a function, the same seems even more outlandish (the notion broadly speaking of transferred intent can in nebulous fashion be brought to the fore to fill in the gaps as well). Unacceptable? Indeed!

APNewsBreak: Marine critical of Obama faces charge [ This one caught my eye. While it is true that good soldiering requires absolute discipline by definition, oaths should be taken seriously, honored, and given effect. That said, burning Qurans was the product I assume of orders reflecting even more than just stupidity; hence, whoever gave the order should pay the piper. If no order, and stupidity as with urinating on the bodies of the dead, can and should the actors be held accountable for such gross stupidity? Absolutely! However, one must be mindful of the reality that marines invariably have ‘skin in the game’ when it comes to consequences of commanders in chief incompetence, unlawful acts, poor judgment particularly as impacted by questionable mental states (arbitrarily taking the last three presidents as illustrative, viz., clinton, bush, obama certainly reflect this reality and concern coupled with the unnecessary murderous results of their actions). There has been a longstanding rebuke of the ‘just following orders’ defense accorded soldiers since particularly the nazi regime as an example. As such, Stein certainly should be lauded for saying what all soldiers should already know; namely, the unlawful detention of americans, among other constitutionally barred activities should not be among those orders they are willing to follow. The proscriptions of posse comitatus should also serve as a guide. This is particularly important given the fragile mental state of americans generally, and america’s leadership especially. No longer is it, if ever it was, true that americans can be trusted to do the right thing. In fact, quite the opposite is true. Wobama is a desperate and incompetent failure as president whose invariable breach of campaign promises is a testament to his unsuitability for the office he currently occupies; and, one can only thank Stein for recognizing what could devolve into a much more serious and devastating scenario for the nation owing to wobama’s ever increasing political desperation. Broadly and generally, murky areas as this, even involving the military, should be resolved in favor of free speech, first amendment guarantees and against censorship. Guest Post: The Ascendence Of Sociopaths In US Governance Durden 3-21-12 How did we get here? An argument can be made that miscalculation, accident, inattention and the like are why things go bad. Those elements do have a role, but it is minor. Potential catastrophe across the board can't be the result of happenstance. When things go wrong on a grand scale, it's not just bad luck or inadvertence. It's because of serious character flaws in one or many – or even all – of the players. So is there a root cause of all the problems I've cited? If we can find it, it may tell us how we personally can best respond to the problems. In this article, I'm going to argue that the US government, in particular, is being overrun by the wrong kind of person. It's a trend that's been in motion for many years but has now reached a point of no return. In other words, a type of moral rot has become so prevalent that it's institutional in nature. There is not going to be, therefore, any serious change in the direction in which the US is headed until a genuine crisis topples the existing order. Until then, the trend will accelerate. The reason is that a certain class of people – sociopaths – are now fully in control of major American institutions. Their beliefs and attitudes are insinuated throughout the economic, political, intellectual and psychological/spiritual fabric of the US.

Obama Administration Tries To Shut Down Rush Limbaugh

Intelligence officials retain citizens’ data longer Justice Dept. approves new guidelines allowing counterterrorism agencies to keep information about U.S. residents for up to five years, even if those residents have no known connection to terrorism. ‘Drip by drip our freedoms are vanishing’ (Washington Post) [ Indeed, this is true; but, hardly unprecedented in failing, falling, regimes, nations, empires. Pen-name Tyler Durden of Zero Hedge coincidentally this day weighs in with an explanation: Guest Post: What Is President Obama So Afraid Of? Durden 3-22-12 Quietly, and with little fanfare, President Obama signed a “National Defense Resources Preparedness” Executive Order on Friday. As the name suggests, the order intends to shore up the country’s national defense resources in advance of a national emergency. To be fair, this is not the first time that such an order has been written. President Obama’s order, however, takes things much, much further.This is all playing out with nearly perfect historical precision. Time and time again throughout history as once great empires accelerated their declines, governments have taken steps to protect their interests against the people. In the past, they have imposed curfews, disarmed the population, curtailed civil liberties, and declared national emergencies, usually against some great faceless enemy from abroad who threatens their way of life. As it turns out, though, our great faceless enemy is not some mythical boogeyman living in a cave, nor some angry brown person who hates us for our freedoms… but the very people within the system who’ve taken an oath to ‘support and defend the Constitution of the United States against all enemies, foreign and domestic.’ Have you hit your breaking point yet?

NSA Boss Says Agency Does Not Monitor Your Email Kurt Nimmo | Another government bureaucrat takes us for idiots. [ Yes indeed, quite laughable. I’m speculating when I say what they might do so that in their own minds they can say the preposterous aforesaid is set up a project / op, have it classified top secret / off-grid, by way of dummy corp/straw men/cut-outs, etc., perform the monitoring function and report to NSA with high-level deniability. Regardless of machinations, the fact is they do and that’s not all they monitor; enter their cozy deal with google (I still use google almost exclusively for my web search as a matter of disclosure here). Moreover, phones (wireless and landlines, computer and digital television transmissions/views), and I also believe digital / wire financial transactions / transmissions are monitored. Echelon goes way back to the 70’s and one would be foolish to think their ‘mining’ has slowed or regressed; not that they and those whom they serve know what prudently to do with such info. http://pubrecord.org/nation/2290/revisiting-echelon-nsas . I personally believe they can view / monitor everything on your screen; and the foregoing regardless of encryption, generally, with exceptions. ]

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Jobless claims hit 4-year low Data bolster the view that the job market is strengthening. (Washington Post) [ Riiiiight! Just in time for the elections … hey, a temp job’s still a job, so they say; and, at $275,000 per stimulus job, lets count them twice forever. `Obama Economists Admit: 'Stimulus' Cost $278,000 per Job... ,`Presenting The American Sweatshop: An Infographic Of The Online Retail Warehouse Temp Job Durden 3-21-12 One of the biggest surprise stories of the past several months, in addition to economic activity skewing record warm weather, and the New Normal seasonal adjustments (which as Albert Edwards noted earlier are giving data an upward bias for each of the past three years), is the consistently "better than expected" jobs numbers. There is one problem: as discussed previously, the rising jobs are purely a quantity over quality trade off, as every month more and more temp jobs take the place of permanent ones, especially those of former professionals from the FIRE sector. In fact, in January temp jobs soared by the most on record, and the total number of temp workers was just shy of all time highs. Ironically, as this happened, discretionary online retail companies have seen their stock price soar to record highs. One of the primary drivers for this has been the increased "efficiency" at these companies' hubs - their warehouses. Which just happen to be staffed with temp workers. The following infographic presents the reality behind these American "sweatshops" - because this is the "quality" of job that is rising rapidly in the current economy (at the expense of traditional permanent jobs) to give the impression of an economic recovery. There is no point in making an ethical judgment - work conditions are as they are. Just as workers at FoxConn likely have far better conditions than their peers, at least in their view, so do these temp workers view their life as better than the alternative, which is unemployment. It is, as they say, what it is. Obama's Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…There will be no significant recovery in the United States of America while Barack Obama is President. The evidence is overwhelming: everything Obama has tried to fuel a recovery (with his Democratic allies in Congress) has failed. Statistics claiming jobs saved by the stimulus package were mostly fiction, and cost American taxpayers about $275,000 each. Nearly 2-1/2 million fewer Americans have jobs than before the stimulus… Obamacare, a program that doesn’t create jobs, but might destroy a lot of them. … His broken campaign promises are too numerous to list …’

A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm
Any financial system that is based on debt is doomed to fail. Today, we are living in the greatest debt bubble that the world has ever seen, and if all of a sudden people could not use credit to buy things our economy would immediately ground to a halt. Unfortunately, no debt bubble can last forever. When this current debt bubble finally bursts, faith in the financial system is going to disappear, credit is going to freeze up and there is going to be a massive wave of bank failures. The Simple Problems Of Too Much US Debt Durden 3-20-12 http://albertpeia.com/toomuchusdebt.htm ( America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke…The government’s total indebtedness is $211 trillion’ ) 10 Signs That America Is On The Verge Of A Horrible Municipal Debt Crisis http://albertpeia.com/americanmunicipaldebtcrisis.htm

10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm

55 Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm

The Sesame Street Jobs 'Recovery' Durden 3-21-12 After deconstructing the labor report for signs of false positives, Michael Cembalest of JPMorgan, sees muddle-through data in the US as sustaining a below trend growth rate - noting his belief that the US economy would not withstand a withdrawal of stimulus (read promise of liqudity to come) right now. While not as ebulient as many on the street, the JPM CIO sees a US job market that is gradually getting better - as is spending. However, what keeps him up at night is the budget deficit (as we noted very specifically last night). Critically, jobless claims have just crossed a threshold that in the past has signaled risk-on is primed to pay-off as the business cycle becomes self-sustaining but at the same time, the budget deficit is at massively 'different-this-time' levels. As he notes: "But as Big Bird used to say, one of these things is not like the other: the US primary budget deficit which supports this recovery is a bigger now", and so the US economy had better improve markedly in order to merely 'pay-the-freight'. "I lose a lot of sleep over this, but I don’t know a lot of other people that do."

The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ECRI Stays with Recession Call New American | The vicious cycle is starting where lower sales, lower production, lower employment and lower income [leads] back to lower sales…BOB ADELMANN New American 3-13-12 http://albertpeia.com/ecricallsrecession.htm , STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm Both The Market and Government Are Irrational Paul Craig Roberts | One of the great economic myths is that markets are rational. Not a day passes without this myth being disproved scores of times, but the myth persists. [ The ‘psychological factor’ has always been a component in the valuation of securities which valuations, good or ill, collectively give rise to the ‘markets’. The mythical part is the presumption of rationality accorded the ‘market-makers’ which, despite their glaring irrationality and propensity for fraud (I’d conservatively say that wall street is comprised predominantly, I’d estimate 90%, of psycho/sociopathic personalities), is still decidedly and pathetically vis-à-vis the rest of the ‘go along to get along’ world, criminally insane wall street. { The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal } It should be obvious by now, particularly with the advent of ubiquitous, lightning fast programmed computerization, that the markets are fraudulently manipulated in a bigger way now than ever; and, not without great cost ultimately to muppets / taxpayers like you, whether in the markets or not.They do it for the money; and, sick as they are, to be screwin’ at least someone all of the time which perversely gives them pleasure! ] This is an especially great opportunity to sell / take profits with stocks floating on air in contraindicated ‘Weimar dollar bubble rally’ as preceded last crash. Suckers’ rally into the close off lows and in shades of the dot com bubble with Apple the fraudulent stock market’s one-trick pony (‘in play’, pricey, big weighting and big bang for the market buck, and compared to what). Competition will ultimately (no real breakthroughs on horizon) take a big bite out of the Apple, which along with price targets is way over valued (currently being manipulated to the upside by the ‘muppet masters’ given the 20% weighting for maximum fraudulent effect). I say this despite liking Apple. They’re loving Apple to death on fraudulent wall street which is a testament to the pathetic state of american and world technology which is horrendous. As my first computer (Apple IIc, 1986) I’m glad they survived but they’re way, way over-valued. Aside from the IPAD (at best and even that’s a stretch, and past history at that), there’s really nothing there, which is a testament to the stupidity of american consumers particularly. Wake up! What total frauds! 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm , **Guest Post: Money from Nothing - A Primer on Fake Wealth Creation and its Implications (Part 2) ZeroHedge.com 3-14-12 ‘Only in a debt-based money system could debt be curiously cast as an asset. We’ve made “extend and pretend” a quaint phrase for a burgeoning market for financial lying and profiteering aimed toward preventing the collapse of a debt- (or lack-) based system that was already doomed by its initial design to collapse.’ Election year temp jobs, trade deficit up, GDP projection down, business inventories miss, manipulations, obfuscations…** Dave’s Daily: http://www.etfdigest.com STOCK RALLY FADES WITH CDS ISSUE 3-9-12 [ Dave astutely points out: “Jobless Claims Thursday were weaker than expected (362K vs 351K expected and prior revised higher to 354K). Did you know that prior weekly Jobless Claims data has been revised higher 100% of the time over the past two years? How does that happen this consistently?” – Which I refer to as the ‘data ponzi scheme’ wherein new fake data is used to buoy markets as prior reported fake data is reconciled closer to reality. 3-15-12 Yes, and again, prior week revised up . ] Does China's Forex Policy Beggar Its Neighbors? The Wall Street Journal [ Are you sure the author didn’t mean ‘bugger its neighbors’? Sounds like it; but, it’s really all about cost structures which are far less in China which is the primary reason for China’s export success. Manipulation of currencies is an artifice that the west will ultimately prove does not work at all (all that over-printing / creating of fiat Weimar paper currencies is a time-tested loser).]Rumor planted by fed of QE3 light spurs rally, not the fake, uneconomic jobs estimate from jersey adp for election year spin purposes which only fools believe. How desperate and pathetic! For those who think this money-printing out of thin air is without cost, you’re in for a worse than rude awakening. The global markets have become a joke! This is a ‘full press’ as in ‘fiat paper printing presses in overdrive’ debased Weimar dollars / currencies that will end quite badly so take this opportunity to take profits while you can. The manipulated, contrived, and fake data has all been unaffordably ‘electioneared’ for ‘electionyeared’ spin and propaganda. Don’t be their fool! The full moon previously helped keep the contraindicated lunatics’ huge suckers’ rally going with across the board media et als complicity (infra). But not quite … reality (will) catch(es) up … you know the drill … typical suckers’ surge into the close off lows, etc.. Today’s data looked pretty bad to me, even with the manipulations/spin otherwise, ie., Durable goods orders drop by most in 3 years AP , etc.. Then there was previously the manipulated revision to make this month’s distressed, foreclosure sales (backlog) look better. Total scam! This will all end quite badly and is much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles. { http://albertpeia.com/todaysbusinesssummarylinks.htm - today’s business summary links only, by day – scroll down as well for today’s links and for more complete context – Encouraged and recommended! } This global suckers’ rally is based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare (which is being injected sub rosa, see infra), bad news, fraud, bs, and desperation alone, as suckers’ rallies ushered in the new year in a most preposterous fashion [Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’ for the superstitious so-called ‘January effect’ based on based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, bs, and desperation alone to suck suckers in and keep suckers sucked in! Don’t be their fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s using the up moves to reduce risk assets / stocks / exposure, in other words, he’s selling the rallies which is sound advice [3-12-12: I’ve previously recommended this business report; but, like everything in america, it’s gotten so bad as in the first 30 minutes I calculated approximately 6 minutes of business report and the balance predominantly advertising and some cbs network stuff before I had to turn it off – I might listen again in a year, if at all. Terrible! ]. The fundamentals/realities, current and prospective, are worse than ever. There are no systems/formulas for these unprecedentedly dire times. Don’t be their sucker! This is an especially great opportunity to sell / take profits because there’s much, much worse to come! Here’s a simple chart of the Dow’s history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als.] with lingering intoxication an explanation as the printing presses and issuance of worthless insurmountable debt paper are in full throttle globally (a testament to global blindness as the blind follow the blind) making this impending disaster at this time an especially great opportunity to sell / take profits because there’s much, much worse to come! jersey-lautenberg based adp with 100% better than expectations private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce department data? Labor dept. ue claims / ue numbers? Only a fool believes what they say! ( After One Month Respite, Pink Slips Are Flying Again Durden , Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Durden on 01/06/2012 .. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg , ) The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , ‘…technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57…’ , The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm Why earnings will continue to decline MarketWatch , 10 Things That Every American Should Know About The Federal Reserve Eco.Coll.Blog http://albertpeia.com/10thingsmustknowaboutfedreserve.htm #1 The Federal Reserve System Is A Privately Owned Banking Cartel #2 The Federal Reserve System Is A Perpetual Debt Machine #3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar #4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability #5 The Federal Reserve Is Paying Banks Not To Lend Money #6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging #7 The Federal Reserve System Is Dominated By The Big Wall Street Banks #8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913 #9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence #10 The Federal Reserve Has Become Way Too Powerful , A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm Any financial system that is based on debt is doomed to fail. Today, we are living in the greatest debt bubble that the world has ever seen … , Despite Two Thirds Of Components Declining, Empire Fed Prints At Highest Since June 2010 ZeroHedge | Chalk this one to “seasonal adjustments” or something, cause we no longer have any clue what is going on with the data fudging in America. , 20 Signs You Might Be A Typical American Worker http://albertpeia.com/20signsoftypicalamericanworker.htm , 10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm , 8 Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default http://albertpeia.com/8reasonsgreekdebtdefaultstillcoming.htm , 55 Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm ‘How is the U.S. economy doing in 2012? Unfortunately, it is not doing nearly as well as the mainstream media would have you believe. Yes, things have stabilized for the moment but this bubble of false hope will not last for long. The long-term trends that are ripping our economy and our financial system to shreds continue unabated. When you step back and look at the broader picture, it is hard to deny that we are in really bad shape and that things are rapidly getting worse. Later on in this article you will find a list of interesting facts that show the true state of the U.S. economy… , http://albertpeia.com/debtpercapita.jpg , Double-dip recession setting in across eurozone: EU Thomson | AFP , America 1950 vs. America 2012 http://albertpeia.com/downhillslideofamerica.htm , Society’s Five Stages of Economic Collapse http://albertpeia.com/5stagesofcollapse.htm David Meyer shtfplan.com March 1, 2012 , No Housing Recovery - Case Shiller Shows 8th Consecutive Month Of House Price Declines Durden 2-28-12 Little that can be added here. The December Case Shiller came, saw, and shut up all those who keep calling for a home price recovery. The Index printed at 136.71 on expectations of 137.11, with the prior revised to 138.24. The top 20 City composite was down -0.5% on expectations of a 0.35% drop. 18 out of 20 MSAs saw monthly declines in December over November… , Goldman: Germany Is Now On The Hook By €1 Trillion (Or 40% Of GDP) Durden, , 20 Economic Statistics To Use To Wake Sheeple Up From Their Entertainment-Induced Comas http://albertpeia.com/20ecostatstowakesheeple.htm , Central bank balance sheet expansion since end 2007 Mar 1st, 2012 by News (ZeroHedge) — SNB +230%; Fed +222%, BOJ +125%, BOE +87%, PBOC +93%, ECB +51%. USA Gold / PG View: Pretty strong evidence that the rally in bonds — and by extension the rally in stocks — is nothing but a charade. , 10.7 Percent: Unemployment In Europe Is Worse Than It Was At The Peak Of The Last Recession http://albertpeia.com/europeunemploymentworsethanrecession.htm The unemployment rate in the eurozone is now 10.7 percent. That is the highest the unemployment rate has been since the introduction of the euro. The unemployment rate in the eurozone never got any higher than 10.2 percent during the last recession. This is very troubling news. It was just recently announced that the eurozone has entered another recession, and already the unemployment rate is hitting new record highs… , Inflation Is A Tax And The Federal Reserve Is Taxing The Living Daylights Out Of Us http://albertpeia.com/inflationisatax.htm , Guest Post: Cause, Effects & The Fallacy Of A Return To Normalcy Durden 3-6-12, Market Takes First Big Loss Of 2012 As Investors Eye Greek Debt Swap Forbes , 15 Potentially Massive Threats To The U.S. Economy Over The Next 12 Months http://albertpeia.com/15massivethreatstoeconomy.htm , 1 Through 30 – The Coming U.S. Financial Crisis By The Numbers http://albertpeia.com/1-30usfinancialcrisiscoming.htm , Gallup Finds February US Unemployment Jumps Most Since 2010, Third Consecutive Monthly Increase Durden 3-8-12 , Initial Claims Miss Expectations, Rise For Third Consecutive Week For First Time Since August 2010 Durden 3-8-12 , Greece Has Defaulted - Which Country In Europe Is Next? http://albertpeia.com/greecehasdefaultedwhonext.htm , Five Charts That Prove We’re in a Depression and That the Federal Reserve and Washington Are Wasting Money March 12, 2012 By gpc1981 http://albertpeia.com/usindepressionfedandgovwastingmoney.htm , Broken Promises: Pensions All Over America Are Being Savagely Cut Or Are Vanishing Completely .. this exact scenario is playing out from coast to coast and in the years ahead millions of elderly Americans are going to be affected by broken promises and vanishing pensions.. http://albertpeia.com/uspensionscutorvanishing.htm , America Is Being Transformed From A Wealthy Nation Into A Poor Nation At Breathtaking Speed America is losing wealth far faster than any other nation on earth is. http://albertpeia.com/ustransformedfromwealthytopoor.htm , As US Rakes Largest Monthly Deficit In History, 2012 Tax Revenues Net Of Refunds Trail 2011 Durden 3-12-12 , Guest Post: The Audacity of Bonuses At MF Global Durden 3-12-12 In the spirit of George Orwell’s Animal Farm commandment: “all animals are equal, but some animals are more equal then others” comes the galling news that bankruptcy trustee, Louis Freeh, could approve the defunct, MF Global to pay bonuses to certain senior executives. This, despite the fact that nearly $1.6 billion of customer funds remains “missing” or otherwise partially accounted for, yet beyond the reach of those customers, perhaps forever, since before the firm declared bankruptcy on October 31, 2011... , 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm , S&P Says Improbable Any Economic Improvement Would Bring Back AAA US Rating Durden 3-15-12 Sigh: S&P says that it is impossible that any economic improvement would bring back the AAA rating US deficit progress is needed. Outlook remains negative.- And what do stocks do on latest S&P report that America is broke? Why they surge of course.... , The U.S. Economy: Soul Crushing Total System Failure http://albertpeia.com/ustotalsystemfailure.htm , Kass: The Market Is Overvalued at TheStreet By Doug Kass { Yes, this is true; but, he’s still too optimistic in that he doesn’t point out that the election year manipulations / obfuscations will cause things to end far worse than his anticipation. } , An Open Letter to All Presidential Candidates March 19, 2012 By gpc1981 http://albertpeia.com/grahamsummerswarnings.htm , Ben Bernanke Tries To Convince America That The Federal Reserve Is Good And The Gold Standard Is Bad http://albertpeia.com/benbsshalombernankesellsfedpansgoldstandard.htm [ greenspan and now bernanke are incompetent and total failures creating and exacerbating current and prospective conditions for the sake of fraudulent wall street at everyone else’s expense! ] , 10 Signs That America Is On The Verge Of A Horrible Municipal Debt Crisis http://albertpeia.com/americanmunicipaldebtcrisis.htm ‘Is America on the verge of a horrible municipal debt crisis? Unfortunately, the answer is yes. From coast to coast there are an increasing number of cities, towns and counties that are rapidly going broke. Financial analyst Meredith Whitney took a lot of heat when her prediction of a municipal bond crash in 2011 did not happen, but she was not fundamentally wrong in her analysis. A horrifying municipal debt crisis is starting to unfold right in front of our eyes. It just did not happen as soon as she thought that it would. When most Americans think of our "debt problem", they think of the federal government. But the truth is that we have hundreds and hundreds of smaller "debt problems" all across the country. In 2012, cities such as Stockton, California and Harrisburg, Pennsylvania have already defaulted and a whole bunch of other cities and towns are headed down the exact same path…, Waking Up To A Third Consecutive False Dawn For Stocks With Charles Biderman Durden 3-21-12 It appears we are, as a nation of desperately consuming investors, becoming increasingly cognitively dissonant. Charles Biderman, of TrimTabs, leaves the ominous clouds of the Bay Area for New York City and addresses our seemingly Pavlovian response for the third year in a row to a rising stock market (flooded with portfolio-rebalancing duration-destroying Central Bank money) as evidence that the real economy must be doing great. Of course, relying on tried and true facts such as real job growth and real wage growth and understanding the seasonally-abused-adjusted housing data realities, Biderman notes that the only money driving stocks up is corporate buybacks dominating selling pressure. While modestly bullish on these flows, he is growing more anxious. He sees insider selling surging (from 5:1 January to 14:1 February to 35:1 in March), there has been no new 'cash-takeovers' announced this month compared to $15bn per month last year, and the IPO pipeline is ramping up fast (supply will dominate demand) as the end of Operation Twist approaches removing yet another prop to the perceived reality of stocks. , Guest Post: The Ascendence Of Sociopaths In US Governance Durden 3-21-12 How did we get here? An argument can be made that miscalculation, accident, inattention and the like are why things go bad. Those elements do have a role, but it is minor. Potential catastrophe across the board can't be the result of happenstance. When things go wrong on a grand scale, it's not just bad luck or inadvertence. It's because of serious character flaws in one or many – or even all – of the players. So is there a root cause of all the problems I've cited? If we can find it, it may tell us how we personally can best respond to the problems. In this article, I'm going to argue that the US government, in particular, is being overrun by the wrong kind of person. It's a trend that's been in motion for many years but has now reached a point of no return. In other words, a type of moral rot has become so prevalent that it's institutional in nature. There is not going to be, therefore, any serious change in the direction in which the US is headed until a genuine crisis topples the existing order. Until then, the trend will accelerate. The reason is that a certain class of people – sociopaths – are now fully in control of major American institutions. Their beliefs and attitudes are insinuated throughout the economic, political, intellectual and psychological/spiritual fabric of the US , Treja Vu: Albert Edwards Expects New Lows On Bond Yields, Equity Rally Turning To Dust, "Just As It Did In 2011" Durden 3-21-12 , Greece is Now Irrelevant. Spain and Germany Will Decide the Euro’s Future March 21, 2012 By gpc1981 ‘…If Spain doesn’t* opt for austerity measures in return for bailouts, the EU collapses. If Spain does opt for austerity measures in return for bailouts, it’s quite possible Germany will bail on the EU…’ , Deutsche Dumps Dodd - How Germany's Biggest Bank Ran Circles Around The Fed Durden 3-21-12 Why are we not surprised at the fact, as reported by the WSJ, that Deutsche Bank AG changed the legal structure of its huge U.S. subsidiary to shield it from new regulations that would have required the German bank to pump new capital into the U.S. arm. The bank on Feb. 1 reorganized its U.S. subsidiary, known as Taunus Corp., so that it is no longer classified as a 'bank-holding company' (BHC). The technical change has important consequences. Taunus—which at the end of last year had about $354 billion of assets and 8,652 employees, making it one of the largest U.S. banking companies—won't have to comply with a provision of the U.S. Dodd-Frank regulatory-overhaul law that essentially forces the local arms of non-U.S. banks to meet the same capital requirements that American banks fact… So much for all that systemic risk control and lessons learned as hey-presto - everything is sidestepped as the farce continues. , Futures Exhibit Peculiar Ungreen Color On 5th Consecutive Month Of Chinese PMI Contraction Durden 3-21-12 , 1001 Moonless Kinetic Nights: Presenting The Windows Of Opportunity For An Iranian Attack Durden 3-21-12 Following last Friday's majority vote by the Israel Security Council authorizing Iranian "action" when required, answering the "if", the only open question remains "when." As it turns out, based on the following analysis by Rapidan Group, there are only 10 or so distinct 10 day New Moon windows for the remainder of 2012. If one removes the sandstorm prone months of April, July and September, there are 7 periods in which a military strike is realistic…, Presenting The American Sweatshop: An Infographic Of The Online Retail Warehouse Temp Job Durden 3-21-12 , Obama Now Scrambles To Approve Transcanada Pipeline... Or At Least Half Of It; Environmentalists Furious Durden 3-21-12 What a difference two months of record high gas prices make. After Obama unceremoniously killed the Keystone XL pipeline proposal in January, and has since seen his popularity rating slide in inverse proportion to the surge in gas prices, which as noted yesterday have now passed $4 (still quite a bit better than Europe's $9.81 average/gallon), he is now actively seeking to fast-track its approval. Or at least half of it… , "End Of The Road" - A Teaser Durden 3-21-12 Ever dreamed of getting all the fiat money skeptics together at the same time, all in the same place? Your dream has now come true, courtesy of "End of the Road - How Money Became Worthless." , Forget Barton Biggs, David Rosenberg Has The Truth On Sideline Cash Durden 3-21-12 The money-on-the-sidelines argument has reached deafening and self-confirming as anchoring bias among any and every swollen long-only manager seems to have made them ignore the realities of the situation. David Rosenberg, of Gluskin Sheff to the rescue with good old fashioned facts - as much as they might disappoint the audience. Barton Biggs quote in the USA Today article points out how bullish he is and how cash levels are very high and "idled money is ready to be put to work". However, as Rosie points out equity fund cash ratios are at a de minimus 3.6%, the same level as in the fall of 2007 and near its lowest level ever… , "Dumb Money" Refuses To Be The Dumb Money For Yet Another Week Durden 3-21-12 , Treasuries Surge Leaving Equities Running On Fumes Durden 3-21-12 , European Sovereign Debt Shows First Weakness In 3 Months Durden 3-21-12 , Antal Fekete Responds To Ben Bernanke On The Gold Standard Durden 3-21-12 Yesterday, Ben Bernanke dedicated his entire first propaganda lecture to college student to the bashing of the gold standard. Of course, he has his prerogatives: he has to validate a crumbling monetary system and the legitimacy of the Fed, first to schoolchildrden and then to soon to be college grads encumbered in massive amounts of non-dischargeable student loans… , A Few Quick Reminders Why NOTHING Has Been Fixed In Europe (And Why LTRO 3 Is Not Coming) Durden 3-21-12 , European Housing Still Slumping Durden 3-21-12 , Howard Marks: "Common Sense Is Not Common" Durden 3-21-12 , Feeding The Homeless BANNED In Major Cities All Over America http://albertpeia.com/feedinghomelessbanned.htm , The Simple Problems Of Too Much US Debt Durden 3-20-12 http://albertpeia.com/toomuchusdebt.htm

`VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor...` `http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm`

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Obama tries to reclaim advantage on gasoline prices, health-care law White House launches concerted effort to turn weakness into strength on two election-year issues.‘This is going to wear thin’ (Washington Post) [ ‘Weakness into strength’ … As easy as turning straw into gold, or a sow’s ear into a silk purse, for a b***s*** artist like wobama the b for b***s***; that is, until the clock strikes 12 (am) on November 7, 2012 when all turns into pumpkins of reality! The perma glass-half-full turns out to be empty, the silk purse never actually seen still a sow’s ear, and (as I believe is so at least in part for the NY fed depository and Fort Knox) no real gold, just straw. ‘Wear thin’? Indeed, as in ‘fool me once, shame on you, fool me twice, shame on me’!

Obama Economists Admit: 'Stimulus' Cost $278,000 per Job... ,The Simple Problems Of Too Much US Debt Durden 3-20-12 http://albertpeia.com/toomuchusdebt.htm , Obama's Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…There will be no significant recovery in the United States of America while Barack Obama is President. The evidence is overwhelming: everything Obama has tried to fuel a recovery (with his Democratic allies in Congress) has failed. Statistics claiming jobs saved by the stimulus package were mostly fiction, and cost American taxpayers about $275,000 each. Nearly 2-1/2 million fewer Americans have jobs than before the stimulus… Obamacare, a program that doesn’t create jobs, but might destroy a lot of them. … His broken campaign promises are too numerous to list …’ The Simple Problems Of Too Much US Debt Durden 3-20-12 http://albertpeia.com/toomuchusdebt.htm ( America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke…The government’s total indebtedness is $211 trillion’ ) 10 Signs That America Is On The Verge Of A Horrible Municipal Debt Crisis http://albertpeia.com/americanmunicipaldebtcrisis.htm

10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm

55 Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

The GOP’s religion census Can Romney sway evangelical voters in November? (Washington Post) [ What? And ‘wobama the b for b***s***’ can? Yeah, canned! Sheriff Joe: 'Tons' more shocking Obama info - Rips 'biggest censorship blackout in the history of the United States' http://www.wnd.com/2012/03/sheriff-joe-tons-more-shocking-obama-info . The Simple Problems Of Too Much US Debt Durden 3-20-12 http://albertpeia.com/toomuchusdebt.htm , 10 Signs That America Is On The Verge Of A Horrible Municipal Debt Crisis http://albertpeia.com/americanmunicipaldebtcrisis.htm

Feeding The Homeless BANNED In Major Cities All Over America http://albertpeia.com/feedinghomelessbanned.htm , The Simple Problems Of Too Much US Debt Durden 3-20-12 http://albertpeia.com/toomuchusdebt.htm

`VIDEO: Black Student Becomes Enraged In Evolution Class, Threatens To Kill Professor...` `http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm`

NSA Boss Says Agency Does Not Monitor Your Email Kurt Nimmo | Another government bureaucrat takes us for idiots. [ Yes indeed, quite laughable. I’m speculating when I say what they might do so that in their own minds they can say the preposterous aforesaid is set up a project / op, have it classified top secret / off-grid, by way of dummy corp/straw men/cut-outs, etc., perform the monitoring function and report to NSA with high-level deniability. Regardless of machinations, the fact is they do and that’s not all they monitor; enter their cozy deal with google (I still use google almost exclusively for my web search as a matter of disclosure here). Moreover, phones (wireless and landlines, computer and digital television transmissions/views), and I also believe digital / wire financial transactions / transmissions are monitored. Echelon goes way back to the 70’s and one would be foolish to think their ‘mining’ has slowed or regressed; not that they and those whom they serve know what prudently to do with such info. http://pubrecord.org/nation/2290/revisiting-echelon-nsas . I personally believe they can view / monitor everything on your screen; and the foregoing regardless of encryption, generally, with exceptions. ]

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Milbank: Another Romney victory, another gaffe (Washington Post) [ Wow! Talk about grasping for straws. Mr. Milbank is back in ‘wobama aficionado mode’. Gaffe? I don’t think so! Actually, I thought it to be a rather novel word picture, even if not the most perfect analogy for the events of the day; certainly close enough, and endearing to those familiar with the low-tech ‘creative device’. I liked it and had two; the first having ‘died on the operating room table’ as I opened same to discern how the dern thing worked. Messy indeed. Speaking of messy, here’s something real for Mr. Milbank to focus on: Sheriff Joe: 'Tons' more shocking Obama info - Rips 'biggest censorship blackout in the history of the United States' http://www.wnd.com/2012/03/sheriff-joe-tons-more-shocking-obama-info The Simple Problems Of Too Much US Debt Durden 3-20-12 http://albertpeia.com/toomuchusdebt.htm ( America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke…The government’s total indebtedness is $211 trillion’ ) 10 Signs That America Is On The Verge Of A Horrible Municipal Debt Crisis http://albertpeia.com/americanmunicipaldebtcrisis.htm

Just think: ‘twas only yesterday when we were on the same page’ - Paul Ryan’s dangerous budget Make no mistake: his intentionally vague plan envisions draconian cuts. (Washington Post) Editorial Board [ Truth be told, it’s really not all that often that I’m on the ‘same page’ as the Washington Post’s Editorial Board (and God knows I have the utmost respect for this great Publishing Company / Newspaper and their historic defense of and respect for First Amendment, etc.) ; or, ie., Mr. Milbank, etc., who probably is on the opposite end of the political spectrum from me. Yet, I echo their concern / sentiment in commenting as follows: Ryan’s reverse Robin Hood His justification for his irresponsible budget only adds insult to injury. (Washington Post) [ I only wish Mr. Milbank hadn’t used the phrase, ‘Reverse Robin Hood’, inasmuch as this would be among those few times I’d be ‘all in’ in support of his position (which I am infra); but alas, that’s a phrase once used by the deplorable jesse jackson who is a shakedown artist with absolutely no credibility whatsoever. That said, my position is as stated in another WP comment as follows: With spending plan, House GOP renews budget clash with Obama Proposal would cut social programs and slash taxes for the rich. ‘Paul Ryan is a national hero’ (Washington Post) [ Hero? Indeed, in a nation of thieves; and, for such a nation of thieves, look no further than … pervasively corrupt, defacto bankrupt america. Yes, thieves, frauds; and, if america was just a nation of thieves, frauds and not the war mongering nation of murderers america’s proven herself to be, there might be at least some high ground upon which u.s. representatives could stand. Until the filthy rich frauds on wall street among others (everyone knows who they are) are prosecuted, jailed, fined, and disgorgement imposed, not a cent in taxes for all the rich (their compatriots, oligarchs with relatively few exceptions) nor a even a penny in programs should be cut. Unfortunately, it’s those corrupt, greedy rich oligarchs who have had their way in bringing the nation down through misdirected policy influence (ie., wars/military industrial complex, etc.), protection of huge frauds still extant (marked to anything courtesy of contraindicated legislated FASB rule change), etc. (a list too long for this comment). The time has come for all people in and outside of this nation to embrace this foregoing reality, truth. All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.--Arthur Schopenhauer
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Is Bernanke aggressive enough on jobs? While Federal Reserve Chairman Ben S. Bernanke has already left his mark on economic history not once, but twice, a debate is raging over whether he should become more diligent about reducing unemployment or continue with a more restrained approach. (Washington Post) [ ‘No-recession-helicopter-ben-b.s.-shalom-bernanke’ is a complete and utter failure who should be fired. He has failed all fed mandates (infra), while ‘electioneering/yearing’ a frothing of the markets with QE’s overt and sub rosa with runaway printing/creation of evermore worthless Weimar dollars for the irrationally exuberant wealth effect of frothing the markets for appearances and particularly for the frauds on wall street to ultimately as in last crash, the detriment of the vast majority. ( http://albertpeia.com/30bunglebenbernankequotes.htm http://albertpeia.com/benbsshalombernankesellsfedpansgoldstandard.htm ) Remember: All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.--Arthur Schopenhauer

.. 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%

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.

.. ‘

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

With spending plan, House GOP renews budget clash with Obama Proposal would cut social programs and slash taxes for the rich. ‘Paul Ryan is a national hero’ (Washington Post) [ Hero? Indeed, in a nation of thieves; and, for such a nation of thieves, look no further than … pervasively corrupt, defacto bankrupt america. Yes, thieves, frauds; and, if america was just a nation of thieves, frauds and not the war mongering nation of murderers america’s proven herself to be, there might be at least some high ground upon which u.s. representatives could stand. Until the filthy rich frauds on wall street among others (everyone knows who they are) are prosecuted, jailed, fined, and disgorgement imposed, not a cent in taxes for all the rich (their compatriots, oligarchs) nor a cent in programs should be cut. All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.--Arthur Schopenhauer

The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ECRI Stays with Recession Call New American | The vicious cycle is starting where lower sales, lower production, lower employment and lower income [leads] back to lower sales…BOB ADELMANN New American 3-13-12 http://albertpeia.com/ecricallsrecession.htm , STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm Both The Market and Government Are Irrational Paul Craig Roberts | One of the great economic myths is that markets are rational. Not a day passes without this myth being disproved scores of times, but the myth persists. [ The ‘psychological factor’ has always been a component in the valuation of securities which valuations, good or ill, collectively give rise to the ‘markets’. The mythical part is the presumption of rationality accorded the ‘market-makers’ which, despite their glaring irrationality and propensity for fraud (I’d conservatively say that wall street is comprised predominantly, I’d estimate 90%, of psycho/sociopathic personalities), is still decidedly and pathetically vis-à-vis the rest of the ‘go along to get along’ world, criminally insane wall street. { The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal } It should be obvious by now, particularly with the advent of ubiquitous, lightning fast programmed computerization, that the markets are fraudulently manipulated in a bigger way now than ever; and, not without great cost ultimately to muppets / taxpayers like you, whether in the markets or not.They do it for the money; and, sick as they are, to be screwin’ at least someone all of the time which perversely gives them pleasure! ] This is an especially great opportunity to sell / take profits with stocks floating on air in contraindicated ‘Weimar dollar bubble rally’ as preceded last crash. Suckers’ rally into the close off lows and in shades of the dot com bubble with Apple the fraudulent stock market’s one-trick pony (‘in play’, pricey, big weighting and big bang for the market buck, and compared to what). Competition will ultimately (no real breakthroughs on horizon) take a big bite out of the Apple, which along with price targets is way over valued (currently being manipulated to the upside by the ‘muppet masters’ given the 20% weighting for maximum fraudulent effect). I say this despite liking Apple. They’re loving Apple to death on fraudulent wall street which is a testament to the pathetic state of american and world technology which is horrendous. As my first computer (Apple IIc, 1986) I’m glad they survived but they’re way, way over-valued. Aside from the IPAD (at best and even that’s a stretch, and past history at that), there’s really nothing there, which is a testament to the stupidity of american consumers particularly. Wake up! What total frauds! 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm , **Guest Post: Money from Nothing - A Primer on Fake Wealth Creation and its Implications (Part 2) ZeroHedge.com 3-14-12 ‘Only in a debt-based money system could debt be curiously cast as an asset. We’ve made “extend and pretend” a quaint phrase for a burgeoning market for financial lying and profiteering aimed toward preventing the collapse of a debt- (or lack-) based system that was already doomed by its initial design to collapse.’ Election year temp jobs, trade deficit up, GDP projection down, business inventories miss, manipulations, obfuscations…** Dave’s Daily: http://www.etfdigest.com STOCK RALLY FADES WITH CDS ISSUE 3-9-12 [ Dave astutely points out: “Jobless Claims Thursday were weaker than expected (362K vs 351K expected and prior revised higher to 354K). Did you know that prior weekly Jobless Claims data has been revised higher 100% of the time over the past two years? How does that happen this consistently?” – Which I refer to as the ‘data ponzi scheme’ wherein new fake data is used to buoy markets as prior reported fake data is reconciled closer to reality. 3-15-12 Yes, and again, prior week revised up . ] Does China's Forex Policy Beggar Its Neighbors? The Wall Street Journal [ Are you sure the author didn’t mean ‘bugger its neighbors’? Sounds like it; but, it’s really all about cost structures which are far less in China which is the primary reason for China’s export success. Manipulation of currencies is an artifice that the west will ultimately prove does not work at all (all that over-printing / creating of fiat Weimar paper currencies is a time-tested loser).]Rumor planted by fed of QE3 light spurs rally, not the fake, uneconomic jobs estimate from jersey adp for election year spin purposes which only fools believe. How desperate and pathetic! For those who think this money-printing out of thin air is without cost, you’re in for a worse than rude awakening. The global markets have become a joke! This is a ‘full press’ as in ‘fiat paper printing presses in overdrive’ debased Weimar dollars / currencies that will end quite badly so take this opportunity to take profits while you can. The manipulated, contrived, and fake data has all been unaffordably ‘electioneared’ for ‘electionyeared’ spin and propaganda. Don’t be their fool! The full moon previously helped keep the contraindicated lunatics’ huge suckers’ rally going with across the board media et als complicity (infra). But not quite … reality (will) catch(es) up … you know the drill … typical suckers’ surge into the close off lows, etc.. Today’s data looked pretty bad to me, even with the manipulations/spin otherwise, ie., Durable goods orders drop by most in 3 years AP , etc.. Then there was previously the manipulated revision to make this month’s distressed, foreclosure sales (backlog) look better. Total scam! This will all end quite badly and is much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles. { http://albertpeia.com/todaysbusinesssummarylinks.htm - today’s business summary links only, by day – scroll down as well for today’s links and for more complete context – Encouraged and recommended! } This global suckers’ rally is based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare (which is being injected sub rosa, see infra), bad news, fraud, bs, and desperation alone, as suckers’ rallies ushered in the new year in a most preposterous fashion [Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’ for the superstitious so-called ‘January effect’ based on based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, bs, and desperation alone to suck suckers in and keep suckers sucked in! Don’t be their fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s using the up moves to reduce risk assets / stocks / exposure, in other words, he’s selling the rallies which is sound advice [3-12-12: I’ve previously recommended this business report; but, like everything in america, it’s gotten so bad as in the first 30 minutes I calculated approximately 6 minutes of business report and the balance predominantly advertising and some cbs network stuff before I had to turn it off – I might listen again in a year, if at all. Terrible! ]. The fundamentals/realities, current and prospective, are worse than ever. There are no systems/formulas for these unprecedentedly dire times. Don’t be their sucker! This is an especially great opportunity to sell / take profits because there’s much, much worse to come! Here’s a simple chart of the Dow’s history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als.] with lingering intoxication an explanation as the printing presses and issuance of worthless insurmountable debt paper are in full throttle globally (a testament to global blindness as the blind follow the blind) making this impending disaster at this time an especially great opportunity to sell / take profits because there’s much, much worse to come! jersey-lautenberg based adp with 100% better than expectations private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce department data? Labor dept. ue claims / ue numbers? Only a fool believes what they say! ( After One Month Respite, Pink Slips Are Flying Again Durden , Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Durden on 01/06/2012 .. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg , ) The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , ‘…technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57…’ , The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm Why earnings will continue to decline MarketWatch , 10 Things That Every American Should Know About The Federal Reserve Eco.Coll.Blog http://albertpeia.com/10thingsmustknowaboutfedreserve.htm #1 The Federal Reserve System Is A Privately Owned Banking Cartel #2 The Federal Reserve System Is A Perpetual Debt Machine #3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar #4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability #5 The Federal Reserve Is Paying Banks Not To Lend Money #6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging #7 The Federal Reserve System Is Dominated By The Big Wall Street Banks #8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913 #9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence #10 The Federal Reserve Has Become Way Too Powerful , A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm Any financial system that is based on debt is doomed to fail. Today, we are living in the greatest debt bubble that the world has ever seen … , Despite Two Thirds Of Components Declining, Empire Fed Prints At Highest Since June 2010 ZeroHedge | Chalk this one to “seasonal adjustments” or something, cause we no longer have any clue what is going on with the data fudging in America. , 20 Signs You Might Be A Typical American Worker http://albertpeia.com/20signsoftypicalamericanworker.htm , 10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm , 8 Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default http://albertpeia.com/8reasonsgreekdebtdefaultstillcoming.htm , 55 Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm ‘How is the U.S. economy doing in 2012? Unfortunately, it is not doing nearly as well as the mainstream media would have you believe. Yes, things have stabilized for the moment but this bubble of false hope will not last for long. The long-term trends that are ripping our economy and our financial system to shreds continue unabated. When you step back and look at the broader picture, it is hard to deny that we are in really bad shape and that things are rapidly getting worse. Later on in this article you will find a list of interesting facts that show the true state of the U.S. economy… , http://albertpeia.com/debtpercapita.jpg , Double-dip recession setting in across eurozone: EU Thomson | AFP , America 1950 vs. America 2012 http://albertpeia.com/downhillslideofamerica.htm , Society’s Five Stages of Economic Collapse http://albertpeia.com/5stagesofcollapse.htm David Meyer shtfplan.com March 1, 2012 , No Housing Recovery - Case Shiller Shows 8th Consecutive Month Of House Price Declines Durden 2-28-12 Little that can be added here. The December Case Shiller came, saw, and shut up all those who keep calling for a home price recovery. The Index printed at 136.71 on expectations of 137.11, with the prior revised to 138.24. The top 20 City composite was down -0.5% on expectations of a 0.35% drop. 18 out of 20 MSAs saw monthly declines in December over November… , Goldman: Germany Is Now On The Hook By €1 Trillion (Or 40% Of GDP) Durden, , 20 Economic Statistics To Use To Wake Sheeple Up From Their Entertainment-Induced Comas http://albertpeia.com/20ecostatstowakesheeple.htm , Central bank balance sheet expansion since end 2007 Mar 1st, 2012 by News (ZeroHedge) — SNB +230%; Fed +222%, BOJ +125%, BOE +87%, PBOC +93%, ECB +51%. USA Gold / PG View: Pretty strong evidence that the rally in bonds — and by extension the rally in stocks — is nothing but a charade. , 10.7 Percent: Unemployment In Europe Is Worse Than It Was At The Peak Of The Last Recession http://albertpeia.com/europeunemploymentworsethanrecession.htm The unemployment rate in the eurozone is now 10.7 percent. That is the highest the unemployment rate has been since the introduction of the euro. The unemployment rate in the eurozone never got any higher than 10.2 percent during the last recession. This is very troubling news. It was just recently announced that the eurozone has entered another recession, and already the unemployment rate is hitting new record highs… , Inflation Is A Tax And The Federal Reserve Is Taxing The Living Daylights Out Of Us http://albertpeia.com/inflationisatax.htm , Guest Post: Cause, Effects & The Fallacy Of A Return To Normalcy Durden 3-6-12, Market Takes First Big Loss Of 2012 As Investors Eye Greek Debt Swap Forbes , 15 Potentially Massive Threats To The U.S. Economy Over The Next 12 Months http://albertpeia.com/15massivethreatstoeconomy.htm , 1 Through 30 – The Coming U.S. Financial Crisis By The Numbers http://albertpeia.com/1-30usfinancialcrisiscoming.htm , Gallup Finds February US Unemployment Jumps Most Since 2010, Third Consecutive Monthly Increase Durden 3-8-12 , Initial Claims Miss Expectations, Rise For Third Consecutive Week For First Time Since August 2010 Durden 3-8-12 , Greece Has Defaulted - Which Country In Europe Is Next? http://albertpeia.com/greecehasdefaultedwhonext.htm , Five Charts That Prove We’re in a Depression and That the Federal Reserve and Washington Are Wasting Money March 12, 2012 By gpc1981 http://albertpeia.com/usindepressionfedandgovwastingmoney.htm , Broken Promises: Pensions All Over America Are Being Savagely Cut Or Are Vanishing Completely .. this exact scenario is playing out from coast to coast and in the years ahead millions of elderly Americans are going to be affected by broken promises and vanishing pensions.. http://albertpeia.com/uspensionscutorvanishing.htm , America Is Being Transformed From A Wealthy Nation Into A Poor Nation At Breathtaking Speed America is losing wealth far faster than any other nation on earth is. http://albertpeia.com/ustransformedfromwealthytopoor.htm , As US Rakes Largest Monthly Deficit In History, 2012 Tax Revenues Net Of Refunds Trail 2011 Durden 3-12-12 , Guest Post: The Audacity of Bonuses At MF Global Durden 3-12-12 In the spirit of George Orwell’s Animal Farm commandment: “all animals are equal, but some animals are more equal then others” comes the galling news that bankruptcy trustee, Louis Freeh, could approve the defunct, MF Global to pay bonuses to certain senior executives. This, despite the fact that nearly $1.6 billion of customer funds remains “missing” or otherwise partially accounted for, yet beyond the reach of those customers, perhaps forever, since before the firm declared bankruptcy on October 31, 2011... , 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm , S&P Says Improbable Any Economic Improvement Would Bring Back AAA US Rating Durden 3-15-12 Sigh: S&P says that it is impossible that any economic improvement would bring back the AAA rating US deficit progress is needed. Outlook remains negative.- And what do stocks do on latest S&P report that America is broke? Why they surge of course.... , The U.S. Economy: Soul Crushing Total System Failure http://albertpeia.com/ustotalsystemfailure.htm , Kass: The Market Is Overvalued at TheStreet By Doug Kass { Yes, this is true; but, he’s still too optimistic in that he doesn’t point out that the election year manipulations / obfuscations will cause things to end far worse than his anticipation. } , An Open Letter to All Presidential Candidates March 19, 2012 By gpc1981 http://albertpeia.com/grahamsummerswarnings.htm , Ben Bernanke Tries To Convince America That The Federal Reserve Is Good And The Gold Standard Is Bad http://albertpeia.com/benbsshalombernankesellsfedpansgoldstandard.htm [ greenspan and now bernanke are incompetent and total failures creating and exacerbating current and prospective conditions for the sake of fraudulent wall street at everyone else’s expense! ] , Bernanke Goes Back to School to Perform Public Propaganda Service The Wall Street Journal , The Rising Price Of the Falling Dollar Mar 20th, 2012 by News [ greenspan and now bernanke are incompetent and total failures creating and exacerbating current and prospective conditions for the sake of fraudulent wall street at everyone else’s expense! ] (Forbes) — Do you know why oil and prices are moving sharply higher? Some blame the oil companies, charging they are manipulating prices. Others cite U.S. sanctions on Iran and the threat of a military encounter that would disrupt the flow of oil from the Middle East.Speculators, too are blamed for ostensibly bidding up the price of oil. In the political arena, President Obama is taking credit for increased domestic oil production even as his critics point out the slow pace of drilling permits issued by his Administration soon will hamper additional increases in the U.S. oil production.Yet, the basic reason for higher energy prices is being overlooked, even though it is right before our eyes: Oil prices are up because the value of the dollar is down. Our common sense hides this source of higher prices because we view the dollar as fixed, and prices as moving. News reports explain the sharp rise in consumer prices in February were caused by higher energy and food prices, implying that higher prices cause inflation. Of course, higher prices do not cause inflation. Higher prices are inflation… , $4 Gas Average Is HereDurden 3-20-12 Based on Bloomberg's US Average Gasoline price index, we are now back above $4 per gallon for the first time since May 2011. We also note that the average price for a gallon of gas across the EU is inching ever closer to the $10 mark PG View: The threat of a preemptive strike against Iran, and a possible war as a result, trumps any promise of increased oil output on the part of the Saudis. Should also be viewed as an underpinning for gold. , Greece’s Third Bailout Seen in Debt With Junk Grade: Euro Credit Mar 20th, 2012 (Bloomberg) — Greece’s bonds and credit ratings are factoring in a third bailout for the nation that analysts and investors say will require greater concessions from its international creditors., The Simple Problems Of Too Much US Debt Durden 3-20-12 In a succinct and chart-laden presentation, Professor Antony Davies, of Duquesne, offers a simple perspective on just how bad things are for the US (in terms of debt or obligations). Putting the interest cost in the context of war-spending, his analysis is interesting given the recent and dramatic rise in interest rates. Current interest payments, given the US Government's lowest ever 3% interest cost, are $440 billion.., $450 Billion In ZIRPorized Purchasing Power: Two Charts That Explain The Baby Boomer Dilemma Durden 3-20-12 When it comes to predicting consumer spending patterns, especially those of the baby boomers who are traditionally reliant on fixed income (but lately have had to migrate back into the workforce, as retirement prospects diminish, in effect displacing the young 18-24 year old Americans where unemployment is now at a substantial 46%), the following two charts from today's David Rosenberg letter do a great job at explaining the schism between interest and dividend income (dividend stocks whose cash flow yields can be eliminated at the bat of an eye ) , CTRL+SPIN: Ben Bernanke And The Fed Propaganda Tour Live Durden 3-20-12 A few days ago we noted that the Fed's propagnda is slowly encroaching into the 8-12 classroom with "Fed To Take Propaganda To The Schoolroom: Will Teach Grade 8-12 Students About Constitutionality Of... The Fed" in which the Fed's appointed class agenda would allow "students to use their knowledge of McCulloch v. Maryland and the necessary and proper clause to consider the constitutionality of the Federal Reserve System." , Obama Advisor, And Goldman Sachs Client, Gene Sperling Filibusters CNBC With "Shared Sacrifice" Speech In Response To Ryan Budget Durden 3-20-12 , Guest Post: Why We Won’t See 4% GDP Growth For A Long Time Durden 3-20-12 , Ryan 2013 Budget Details Released, In Which We Find The US Runs A Deficit Until 2040 Durden 3-20-12 , Guest Post: Welcome To The Predatory State of California--Even If You Don't Live There Durden 3-20-12 Every once in a while an event crystallizes the stark reality behind the lacy curtain of propaganda and artifice. Here is one such event. Correspondent R.T. is a retired accountant who has resided in Arizona since 2001. Prior to 2001, he resided in California. On March 14, he received a letter from the California Franchise Tax Board (the agency that collects income taxes) claiming that he owed $1,343 for the tax year 2006. This was the first notification he'd ever received of this claim. This was an interesting claim given that R.T.: Did not reside in California in 2006 Did not file a State income tax return in California in 2006 Did not have any outstanding tax issues with California in 2006 Did no business in California in 2006 Owned no property in California in 2006 , Will China's 'Soft' Landing Be 'Hard' On Global Exporters? Durden 3-20-12 , US Taxpayers Commence Bailing Out ECB, With Greece As Intermediary Durden 3-20-12 , Hatzius On The Three Reasons The Recovery Is Overstated Durden 3-20-12 Economic Surprise Indices have been rolling over for a month or two now. The trend of US macro data has also disappointed in a period when it would be expected (empirically) to accelerate. However, taken anecdotally or cherry-picked.., No Housing Recovery On This Chart Either Durden 3-20-12 , NSA Chief Denies Wired's Domestic Spying Story (Fourteen Times) In Congressional Hearing Forbes [ You won’t see this story in google news – they have a ‘sweet deal’ with the NSA. ] , 40 Weird Facts About The United States That Are Almost Too Crazy To Believe http://theeconomiccollapseblog.com http://albertpeia.com/40weirdfactsabouttheus.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Ryan’s reverse Robin Hood His justification for his irresponsible budget only adds insult to injury. (Washington Post) [ I only wish Mr. Milbank hadn’t used the phrase, ‘Reverse Robin Hood’, inasmuch as this would be among those few times I’d be ‘all in’ in support of his position (which I am infra); but alas, that’s a phrase once used by the deplorable jesse jackson who is a shakedown artist with absolutely no credibility whatsoever. That said, my position is as stated in another WP comment as follows: With spending plan, House GOP renews budget clash with Obama Proposal would cut social programs and slash taxes for the rich. ‘Paul Ryan is a national hero’ (Washington Post) [ Hero? Indeed, in a nation of thieves; and, for such a nation of thieves, look no further than … pervasively corrupt, defacto bankrupt america. Yes, thieves, frauds; and, if america was just a nation of thieves, frauds and not the war mongering nation of murderers america’s proven herself to be, there might be at least some high ground upon which u.s. representatives could stand. Until the filthy rich frauds on wall street among others (everyone knows who they are) are prosecuted, jailed, fined, and disgorgement imposed, not a cent in taxes for all the rich (their compatriots, oligarchs with relatively few exceptions) nor a even a penny in programs should be cut. Unfortunately, it’s those corrupt, greedy rich oligarchs who have had their way in bringing the nation down through misdirected policy influence (ie., wars/military industrial complex, etc.), protection of huge frauds still extant (marked to anything courtesy of contraindicated legislated FASB rule change), etc. (a list too long for this comment). The time has come for all people in and outside of this nation to embrace this foregoing reality, truth. All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.--Arthur Schopenhauer

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

A lesson from Professor Bernanke at GWU (Washington Post) [ Professor? How ‘bout propaganda-meister! This is outrageous by any standard; and, desperately unprecedented for a s*itting fed chairman. How pathetic! 15 Reasons Why U.S. Economic Crisis Is An Economic Consolidation By Elite Banking Powers The American Dream March 6, 2012 | The real estate market will continue to suffer because banks are raising their standards and are lending less money. http://albertpeia.com/15reasonscrisisconsolidation.htm , Ben Bernanke Says That His Son Will Graduate With $400,000 Of Student Loan Debt http://albertpeia.com/studentloandebtbubble.htm The New York Fed says that there is a total of $870 billion owed on student loans in the United States right now. Other sources claim that the total amount of student loan debt in the United States will soon exceed one trillion dollars. , “Dr Doom” sees Iran-Israel clash, says buy precious metals Mar 6th, 2012 by News , Bernanke Gets Back to His Academic Roots WSJ Kristina Peterson ‘…Later this month, Mr. Bernanke will become the first sitting Fed chairman to deliver a college lecture series…’ [ Now, if a resignation preceded same; eh, who cares. Or, if he wasn’t the dismal fed failure he is (as his recent predecessors); eh, not so much. But this blatantly failed reappointed debacle walking should be in no wise spending any time or energy spouting his ‘pearls of is dumb’ ( http://albertpeia.com/30bunglebenbernankequotes.htm ) to albeit captive academic audiences in the soft, warm, womb-like hallowed halls of academia. If he wants to curl up in a fetal position, let him do so at the crumbling failed fed building. Absolutely preposterous! ] Is Bernanke aggressive enough on jobs? While Federal Reserve Chairman Ben S. Bernanke has already left his mark on economic history not once, but twice, a debate is raging over whether he should become more diligent about reducing unemployment or continue with a more restrained approach. (Washington Post) [ ‘No-recession-helicopter-ben-b.s.-shalom-bernanke’ is a complete and utter failure who should be fired. He has failed all fed mandates (infra), while ‘electioneering/yearing’ a frothing of the markets with QE’s overt and sub rosa with runaway printing/creation of evermore worthless Weimar dollars for the irrationally exuberant wealth effect of frothing the markets for appearances and particularly for the frauds on wall street to ultimately as in last crash, the detriment of the vast majority. All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.--Arthur Schopenhauer http://albertpeia.com/30bunglebenbernankequotes.htm http://albertpeia.com/benbsshalombernankesellsfedpansgoldstandard.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

House Republicans to propose major reshuffling of the nation’s tax code Plan would slash top corporate tax rate, collapse individual brackets. (Washington Post) [ Well, there you go. Sounds like a plan! Keep spending the same as in deficit spending while collecting less in tax revenue. Yes, capital hill math works every time ‘cause it’s not even expected to add up or make sense but does have some surface appeal (actually less taxes enabling Washington waste is positive, but only with concomitant spending cuts because the nation is unequivocally and irrevocably broke and broken). CBO: Budget produces $977B deficit in 2013 A new analysis of President Barack Obama’s budget for next year says the deficit scenario isn’t as rosy as the White House painted it. (Washington Post) [ Pervasively corrupt america is defacto bankrupt! Really! [ America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke …The government’s total indebtedness is $211 trillion’. 43,454,601,693,238 Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge http://www.economist.com/content/global_debt_clock The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ECRI Stays with Recession Call New American | The vicious cycle is starting where lower sales, lower production, lower employment and lower income [leads] back to lower sales…BOB ADELMANN New American 3-13-12 http://albertpeia.com/ecricallsrecession.htm , STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm Both The Market and Government Are Irrational Paul Craig Roberts | One of the great economic myths is that markets are rational. Not a day passes without this myth being disproved scores of times, but the myth persists. [ The ‘psychological factor’ has always been a component in the valuation of securities which valuations, good or ill, collectively give rise to the ‘markets’. The mythical part is the presumption of rationality accorded the ‘market-makers’ which, despite their glaring irrationality and propensity for fraud (I’d conservatively say that wall street is comprised predominantly, I’d estimate 90%, of psycho/sociopathic personalities), is still decidedly and pathetically vis-à-vis the rest of the ‘go along to get along’ world, criminally insane wall street. { The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal } It should be obvious by now, particularly with the advent of ubiquitous, lightning fast programmed computerization, that the markets are fraudulently manipulated in a bigger way now than ever; and, not without great cost ultimately to muppets / taxpayers like you, whether in the markets or not.They do it for the money; and, sick as they are, to be screwin’ at least someone all of the time which perversely gives them pleasure! ] This is an especially great opportunity to sell / take profits with stocks floating on air in contraindicated ‘Weimar dollar bubble rally’ as preceded last crash. Suckers’ rally in shades of the dot com bubble with Apple the fraudulent stock market’s one-trick pony (‘in play’, pricey, big weighting and big bang for the market buck, and compared to what). Competition will ultimately (no real breakthroughs on horizon) take a big bite out of the Apple, which along with price targets is way over valued (currently being manipulated to the upside by the ‘muppet masters’ given the 20% weighting for maximum fraudulent effect). I say this despite liking Apple. They’re loving Apple to death on fraudulent wall street which is a testament to the pathetic state of american and world technology which is horrendous. As my first computer (Apple IIc, 1986) I’m glad they survived but they’re way, way over-valued. Aside from the IPAD (at best and even that’s a stretch, and past history at that), there’s really nothing there, which is a testament to the stupidity of american consumers particularly. Wake up! What total frauds! 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm , Guest Post: Money from Nothing - A Primer on Fake Wealth Creation and its Implications (Part 2) ZeroHedge.com 3-14-12 ‘Only in a debt-based money system could debt be curiously cast as an asset. We’ve made “extend and pretend” a quaint phrase for a burgeoning market for financial lying and profiteering aimed toward preventing the collapse of a debt- (or lack-) based system that was already doomed by its initial design to collapse.’ Election year temp jobs, trade deficit up, GDP projection down, business inventories miss, manipulations, obfuscations… Dave’s Daily: http://www.etfdigest.com STOCK RALLY FADES WITH CDS ISSUE 3-9-12 [ Dave astutely points out: “Jobless Claims Thursday were weaker than expected (362K vs 351K expected and prior revised higher to 354K). Did you know that prior weekly Jobless Claims data has been revised higher 100% of the time over the past two years? How does that happen this consistently?” – Which I refer to as the ‘data ponzi scheme’ wherein new fake data is used to buoy markets as prior reported fake data is reconciled closer to reality. 3-15-12 Yes, and again, prior week revised up . ] Does China's Forex Policy Beggar Its Neighbors? The Wall Street Journal [ Are you sure the author didn’t mean ‘bugger its neighbors’? Sounds like it; but, it’s really all about cost structures which are far less in China which is the primary reason for China’s export success. Manipulation of currencies is an artifice that the west will ultimately prove does not work at all (all that over-printing / creating of fiat Weimar paper currencies is a time-tested loser).]Rumor planted by fed of QE3 light spurs rally, not the fake, uneconomic jobs estimate from jersey adp for election year spin purposes which only fools believe. How desperate and pathetic! For those who think this money-printing out of thin air is without cost, you’re in for a worse than rude awakening. The global markets have become a joke! This is a ‘full press’ as in ‘fiat paper printing presses in overdrive’ debased Weimar dollars / currencies that will end quite badly so take this opportunity to take profits while you can. The manipulated, contrived, and fake data has all been unaffordably ‘electioneared’ for ‘electionyeared’ spin and propaganda. Don’t be their fool! The full moon previously helped keep the contraindicated lunatics’ huge suckers’ rally going with across the board media et als complicity (infra). But not quite … reality (will) catch(es) up … you know the drill … typical suckers’ surge into the close off lows, etc.. Today’s data looked pretty bad to me, even with the manipulations/spin otherwise, ie., Durable goods orders drop by most in 3 years AP , etc.. Then there was previously the manipulated revision to make this month’s distressed, foreclosure sales (backlog) look better. Total scam! This will all end quite badly and is much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles. { http://albertpeia.com/todaysbusinesssummarylinks.htm - today’s business summary links only, by day – scroll down as well for today’s links and for more complete context – Encouraged and recommended! } This global suckers’ rally is based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare (which is being injected sub rosa, see infra), bad news, fraud, b***s***, and desperation alone, as suckers’ rallies ushered in the new year in a most preposterous fashion [Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’ for the superstitious so-called ‘January effect’ based on based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, b***s***, and desperation alone to suck suckers in and keep suckers sucked in! Don’t be their fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s using the up moves to reduce risk assets / stocks / exposure, in other words, he’s selling the rallies which is sound advice [3-12-12: I’ve previously recommended this business report; but, like everything in america, it’s gotten so bad as in the first 30 minutes I calculated approximately 6 minutes of business report and the balance predominantly advertising and some cbs network stuff before I had to turn it off – I might listen again in a year, if at all. Terrible! ]. The fundamentals/realities, current and prospective, are worse than ever. There are no systems/formulas for these unprecedentedly dire times. Don’t be their sucker! This is an especially great opportunity to sell / take profits because there’s much, much worse to come! Here’s a simple chart of the Dow’s history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als.] with lingering intoxication an explanation as the printing presses and issuance of worthless insurmountable debt paper are in full throttle globally (a testament to global blindness as the blind follow the blind) making this impending disaster at this time an especially great opportunity to sell / take profits because there’s much, much worse to come! jersey-lautenberg based adp with 100% better than expectations private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce department data? Labor dept. ue claims / ue numbers? Only a fool believes what they say! ( After One Month Respite, Pink Slips Are Flying Again Durden , Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Durden on 01/06/2012 .. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg , ) The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , ‘…technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57…’ , The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm Why earnings will continue to decline MarketWatch , 10 Things That Every American Should Know About The Federal Reserve Eco.Coll.Blog http://albertpeia.com/10thingsmustknowaboutfedreserve.htm #1 The Federal Reserve System Is A Privately Owned Banking Cartel #2 The Federal Reserve System Is A Perpetual Debt Machine #3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar #4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability #5 The Federal Reserve Is Paying Banks Not To Lend Money #6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging #7 The Federal Reserve System Is Dominated By The Big Wall Street Banks #8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913 #9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence #10 The Federal Reserve Has Become Way Too Powerful , A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm Any financial system that is based on debt is doomed to fail. Today, we are living in the greatest debt bubble that the world has ever seen … , Despite Two Thirds Of Components Declining, Empire Fed Prints At Highest Since June 2010 ZeroHedge | Chalk this one to “seasonal adjustments” or something, cause we no longer have any clue what is going on with the data fudging in America. , 20 Signs You Might Be A Typical American Worker http://albertpeia.com/20signsoftypicalamericanworker.htm , 10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm , 8 Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default http://albertpeia.com/8reasonsgreekdebtdefaultstillcoming.htm , 55 Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm ‘How is the U.S. economy doing in 2012? Unfortunately, it is not doing nearly as well as the mainstream media would have you believe. Yes, things have stabilized for the moment but this bubble of false hope will not last for long. The long-term trends that are ripping our economy and our financial system to shreds continue unabated. When you step back and look at the broader picture, it is hard to deny that we are in really bad shape and that things are rapidly getting worse. Later on in this article you will find a list of interesting facts that show the true state of the U.S. economy… , http://albertpeia.com/debtpercapita.jpg , Double-dip recession setting in across eurozone: EU Thomson | AFP , America 1950 vs. America 2012 http://albertpeia.com/downhillslideofamerica.htm , Society’s Five Stages of Economic Collapse http://albertpeia.com/5stagesofcollapse.htm David Meyer shtfplan.com March 1, 2012 , No Housing Recovery - Case Shiller Shows 8th Consecutive Month Of House Price Declines Durden 2-28-12 Little that can be added here. The December Case Shiller came, saw, and shut up all those who keep calling for a home price recovery. The Index printed at 136.71 on expectations of 137.11, with the prior revised to 138.24. The top 20 City composite was down -0.5% on expectations of a 0.35% drop. 18 out of 20 MSAs saw monthly declines in December over November… , Goldman: Germany Is Now On The Hook By €1 Trillion (Or 40% Of GDP) Durden, , 20 Economic Statistics To Use To Wake Sheeple Up From Their Entertainment-Induced Comas http://albertpeia.com/20ecostatstowakesheeple.htm , Central bank balance sheet expansion since end 2007 Mar 1st, 2012 by News (ZeroHedge) — SNB +230%; Fed +222%, BOJ +125%, BOE +87%, PBOC +93%, ECB +51%. USA Gold / PG View: Pretty strong evidence that the rally in bonds — and by extension the rally in stocks — is nothing but a charade. , 10.7 Percent: Unemployment In Europe Is Worse Than It Was At The Peak Of The Last Recession http://albertpeia.com/europeunemploymentworsethanrecession.htm The unemployment rate in the eurozone is now 10.7 percent. That is the highest the unemployment rate has been since the introduction of the euro. The unemployment rate in the eurozone never got any higher than 10.2 percent during the last recession. This is very troubling news. It was just recently announced that the eurozone has entered another recession, and already the unemployment rate is hitting new record highs… , Inflation Is A Tax And The Federal Reserve Is Taxing The Living Daylights Out Of Us http://albertpeia.com/inflationisatax.htm , Guest Post: Cause, Effects & The Fallacy Of A Return To Normalcy Durden 3-6-12, Market Takes First Big Loss Of 2012 As Investors Eye Greek Debt Swap Forbes , 15 Potentially Massive Threats To The U.S. Economy Over The Next 12 Months http://albertpeia.com/15massivethreatstoeconomy.htm , 1 Through 30 – The Coming U.S. Financial Crisis By The Numbers http://albertpeia.com/1-30usfinancialcrisiscoming.htm , Gallup Finds February US Unemployment Jumps Most Since 2010, Third Consecutive Monthly Increase Durden 3-8-12 , Initial Claims Miss Expectations, Rise For Third Consecutive Week For First Time Since August 2010 Durden 3-8-12 , Greece Has Defaulted - Which Country In Europe Is Next? http://albertpeia.com/greecehasdefaultedwhonext.htm , Five Charts That Prove We’re in a Depression and That the Federal Reserve and Washington Are Wasting Money March 12, 2012 By gpc1981 http://albertpeia.com/usindepressionfedandgovwastingmoney.htm , Broken Promises: Pensions All Over America Are Being Savagely Cut Or Are Vanishing Completely .. this exact scenario is playing out from coast to coast and in the years ahead millions of elderly Americans are going to be affected by broken promises and vanishing pensions.. http://albertpeia.com/uspensionscutorvanishing.htm , America Is Being Transformed From A Wealthy Nation Into A Poor Nation At Breathtaking Speed America is losing wealth far faster than any other nation on earth is. http://albertpeia.com/ustransformedfromwealthytopoor.htm , As US Rakes Largest Monthly Deficit In History, 2012 Tax Revenues Net Of Refunds Trail 2011 Durden 3-12-12 , Guest Post: The Audacity of Bonuses At MF Global Durden 3-12-12 In the spirit of George Orwell’s Animal Farm commandment: “all animals are equal, but some animals are more equal then others” comes the galling news that bankruptcy trustee, Louis Freeh, could approve the defunct, MF Global to pay bonuses to certain senior executives. This, despite the fact that nearly $1.6 billion of customer funds remains “missing” or otherwise partially accounted for, yet beyond the reach of those customers, perhaps forever, since before the firm declared bankruptcy on October 31, 2011... , 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm , S&P Says Improbable Any Economic Improvement Would Bring Back AAA US Rating Durden 3-15-12 Sigh: *S&P says that it is impossible that any economic improvement would bring back the AAA rating *US deficit progress is needed. *Outlook remains negative.- And what do stocks do on latest S&P report that America is broke? Why they surge of course.... , The U.S. Economy: Soul Crushing Total System Failure http://albertpeia.com/ustotalsystemfailure.htm , Kass: The Market Is Overvalued at TheStreet By Doug Kass { Yes, this is true; but, he’s still too optimistic in that he doesn’t point out that the election year manipulations / obfuscations will cause things to end far worse than his anticipation. } , An Open Letter to All Presidential Candidates March 19, 2012 By gpc1981 http://albertpeia.com/grahamsummerswarnings.htm , Infographic: Reevaluating The Costs And Benefits Of (Debt Bubble-Funded) Higher Education Durden 3-19-12 While the college debt bubble has been extensively discussed on Zero Hedge (here, here and here) and elsewhere, the reality is that without college student loans, as cheap as they may be, the vast majority of students would not be able to afford going to college, untenable (and non-dischargeable) post-graduation leverage be damned. Please ignore for a second the reflexivity of this symbiotic relationship - that college is so expensive only because college debt is so easily obtainable (and as noted here, between car loans and student debt, is the primary source of consumer debt in the past year)... , To Bail Or Not To Bail: A Simple Question Of Math; And Why Taxpayers Will Be On The Hook Until The End Durden 3-19-12 When it comes to rescuing an insolvent country, continent, or entire financial system, at the end of the day it is a simple question of maths: is "doing it" cheaper than the alternative. Recall that the IIF was heaping fire and brimstone on bondholders and threatening the world with $1+ trillion in losses if bondholders did not comply. That nobody has any clue just what said costs, and opportunity costs, are, does not matter: the status quo must be preserved at all costs. And the status quo is one of avoiding private losses at the expense of taxpayer capital. Enter Credit Suisse with its back of the envelope analysis of the cost of not bailing out Europe's insolvent PIIGS, and the (taxpayer) cost to "save" them. , ABC Reports Russian Troops Have Arrived In Syria, Russia Denies Durden 3-19-12 Earlier today, Al Arabiya made waves in the energy market following reports that a Russian ship carrying special forces had arrived in the Syrian port of Tartus, previously demonstrated here to be a key strategic asset in the Mediterranean. This news was promptly denied by RIA, which said that "there were no Russian military ships off Syria coast" and that the Iman ship is a tanker which is merely conducting resource support functions. Furthermore, according to the Russian Ministry of Defense, the crew of Iman consists solely of "civilian personnel, which is being guarded." That may or may not be the case, but has not stopped ABC from blasting, minutes ago, a headline that "Russian anti-terror troops arrive in Syria" a development that a "United Nations Security Council source told ABC News was "a bomb" certain to have serious repercussions." Which begs the question: is everyone now dead set on having war in Syria, and by proxy, Iran? , Apple Closes Over $600 As Trading Volume Collapses Again Durden 3-19-12 "Whocouldanode?" that Apple would do something like pay a de minimus dividend and begin a modest buyback program? Indeed, initial reactions for the stock seemed to be 'sell the news' but of course, it wouldn't be a day ending in 'y' if Apple didn't close green and sure enough, with seconds to spare, Apple managed to close over $600 for the first time. , Based On This Chart, Can Saudi Arabia Bail Out The US Motorist From $5 Gas? Durden 3-19-12 No conclusions here, just a simple chart showing monthly Saudi Arabia crude oil production based on OPEC data, which has been rangebound in a tight 8,000 - 9750 tb/d range, superimposed with Brent prices over the past decade. The last time Brent soared to record highs back in the summer of 2008, Saudi production peaked at 9,522 tb/d (despite similar promises for spikes in crude production and exports). During last spring's spike, Saudi produced around 9,000 tb/d. In the past two months, production has been at record highs, even as oil keeps setting new highs, entirely due to liquidity, but not because speculators are evil incarnate as Nancy Pelosi will want her brainwashed fans to believe, but simply because for the most part they are Primary Dealers, and other entities attached at the hip to the Fed, who serve as Ben Bernanke's transmission mechanism of record liquidity being dumped into the system. Our advice: if anyone is hoping that Saudi Arabia can pump the 12,500 tb/d needed if Iran truly goes offline, buy a bike, as failure from Saudi to satisfy lofty demands will promptly send unleaded to new all time highs. Couple that with the Treasury debt ceiling fiasco in 5-6 months, and those Obama InTrade reelection contracts may seem a tad rich. , RIP Housing? The Trade Off To Rising Rates Durden 3-19-12 It is no surprise, given the baying for blood from bond bears, that mortgage rates will come under close scrutiny - especially given the supposed reasoning for much of the various LSAPs has been to keep rates low to 'aid' homeowners (as opposed to flush nominal prices to the moon in every risk asset based on the risk premia-reducing duration-crushing portfolio-rebalancing effect). The effects on various asset classes from the announcement and inception of Operation Twist have been varied with Equities (and until the last month high-yield credit) benefiting the most (nominally). , SKEWered Durden 3-19-12 While stocks are surging in nominal terms, the options markets are increasingly pricing in greater and greater downside risk concerns. Currently, we are at record levels for this so-called Skew (meaning the price of downside protection outweighs the cost of upside protection by the most ever). Trade accordingly. , "This Time It's Different?" - David Rosenberg Explains The Melt Up And The Latent Risks Durden 3-19-12 The market is ripping. That much is obvious. What some may have forgotten however, is that it ripped in the beginning of 2011... and in the beginning of 2010: in other words, what we are getting is not just deja vu (all on the back of massive central bank intervention time after time), but double deja vu. The end results, however, by year end in both those cases was less than spectacular. In fact, in an attempt to convince readers that this time it is different, Reuters came out yesterday with an article titled, you guessed it, "This Time It's Different" which contains the following verbiage: "bursts of optimism have sown false hope before... Today there is a cautious hope that perhaps this time it's different." (this article was penned by the inhouse spin master, Stella Dawson, who had a rather prominent appearance here.) So the trillions in excess electronic liquidity provided by everyone but the Fed (constrained in an election year) is different than the liquidity provided by the Fed? Got it. Of course, there are those who will bite, and buy the propaganda, and stocks. For everyone else, here is a rundown from David Rosenberg explaining why stocks continue to move near-vertically higher, and what the latent risks continue to be. , Do High Yield Bonds Know Something Stocks Don't? Durden 3-19-12 As the S&P 500 reaches new multi-year highs and VIX touches multi-year lows, there is one rather large and risk-appetite-proxying market out there that is not as excited. The high-yield bond market has seen record in-flows dropping off recently and for the last four-to-six weeks high-yield spreads, yields, and bond prices have been very flat as stocks have surged ahead. Despite US earnings yields at near-record highs relative to high-yield bond yields, we see little pick-up in LBO chatter suggesting a notable preference for higher-quality junk credit (and/or lack of belief in sustainability of earnings yields) and the recent 'dramatic' outperformance in investment grade credit is a notable up-in-quality rotation (as well as early spread-compression reaction to Treasury weakness recently) that strongly suggests less risk appetite among real money managers (given how 'cheap' high-yield appears across asset classes). Lastly, the ratio of HY bond prices to VIX is near its extreme once again, something we saw occur before the risk flares of 2010 and 2011 surrounding the end of the Fed's QE sessions. , Guest Post: How To Cripple The Real Estate Market In Five Easy Steps Durden 3-19-12 If you were head of Central Planning (howdy, Ben!) and were tasked with crippling the real estate market, here's what you would recommend. #1 Choke the market and banking sector with zombie banks. #2 Have the central bank (the Federal Reserve) buy up $1 trillion in toxic, impaired mortgages. #3 Lower the rate that banks can borrow from the Fed to zero, and then pay the banks interest on all funds deposited at the Fed. #4 Try to prop up the housing market by giving poor credit risk buyers loans with only 3% down. #5 Load young people up with the equivalent of a mortgage in student loans. OK,let's see how our Organs of Central Planning are doing: check, check, check, check, check: a perfect score! , Operation Twist Is Coming To An End: A Preview Of The Market Response Durden 3-19-12 As macro data trends deteriorate and Dudley demurs, it is becoming increasingly clear that the risks for the US equity market are skewed to the downside as we head towards the end of Operation Twist (and seasonal factors subside). The Fed's 'upgrade' from modest to moderate growth certainly spooked Gold and Treasuries and saw small caps notably underperform but given historical precedence, if Operation Twist ends without a new program beginning, investors will likely expect a drop in equities (broadly) of 8-10% (which coincides with the QE1 and QE2 ends as well as the 1983, 1994, and 2003 normalizations in policy). Reiterating our recent theme, in order to avoid the end of Operation Twist, the Fed's economic outlook would need to deteriorate - which itself is a scenario likely to result in falling stock prices and just as the cause of a 'crash' in PCE towards the end of QE1 and QE2 was a function of higher inflation, we have the current spike in energy prices to ensure this time is no different. , Macro Data Weakening On Seasonal Unwinds Durden 3-19-12 Much has been made of the positive impact that seasonal adjustments have made to the crop of supposedly better than expected macro prints that remain anecdotal evidence of why the S&P 500 is trading above 1400 again. Unfortunately the pleasant after-glow of a time-series-based adjustment that has become increasingly unstable and hard to justify post-crisis is starting to fade. Morgan Stanley's Business Condition Index dropped a very significant 5 points in March to 51%. Just as pointed out here (in Bernanke's scariest chart) the seasonal factors are almost entirely responsible as the trend of recent data is just not meeting expectations (both in analyst and market perceptions). Under the surface, things are a little gloomier also as their Hiring Plans Index dropped for the first time in six months and the business conditions expectations plummeted 11 points to 57% in March. Given this (leading) data, is it any wonder MS believes QE3 is inevitable and imminent? Though as we have noted again and again, until the market starts to get the sad joke that unless market momentum chasers start to defect from the current strategy, we suspect the impact of QE3 (if it comes) will be far more muted (in stocks) than the previous acts of exuberance by the Fed (and their buddies) - as implicitly the cost of the much-higher-than-normal strike price of Bernanke's put means ever-increasing QE needs to counter underlying weakness/perception. , Dallas Fed's Fisher Exhibits Peak Cognitive Dissonance And Self-Delusion Durden 3-19-12 For today's definitive example of peak cognitive dissonance and self-delusion among those who determine the monetary fate of the world no less, look no further than the Dallas Fed's Dick Fisher, who just said the following according to Reuters: *No one presently believes that the Fed is going to proceed with QE3 Funny considering earlier, we got this from Goldman's Bill Dudley: *No decision yet on QE3, New York Fed's Dudley says And that is why central planning always fails. Because a room of these terminally confused people sits down and determines the fate of the world based on their naive academic interpretation of what they perceive is reality. , Apple Announces $10 Billion Share Repurchase Program, $2.65 Quarterly Dividend, Plans To Spend $45 Billion Over 3 Years Durden 3-19-12 And so Steve Jobs legacy is now gone as Apple goes Jamie Dimon. At least Apple was not part of the stress test. And as announced yesterday, we for one, can't wait to find out if it was JPM that advised Apple, to pull a JPM. Finally, we hope that AAPL's cash creation rate remains the same, as $45 billion in 3 years may put quite a large dent on the company's onshore cash, which according to reports is one-third of total., Some Ominous Developments In Europe Durden 3-19-12 For now, these are isolated incidents. But in Europe events of this kind have an unpleasant tendency of recurring just when it is darkest... , Dave’s Daily: http://www.etfdigest.com APPLE STILL DRIVES MARKETS 3-19-12 ‘The recent rally is still being led higher by all things Apple (AAPL) and Monday was no exception as the company will payout a $2.50 dividend and buyback $10 billion of the outstanding shares. They say they’re still committed to product innovation but that still remains to be seen. After all, their visionary leader is gone, and beyond tinkering with improvements here and there, we’ll have to see if there are any breakthrough products on the horizon. Apple continues to dominate most tech indexes with XLK and QQQ still being nearly 20% weighted… , The U.S. Economy: Soul Crushing Total System Failure The Economic Collapse | It will be imperative for all of us not to wait around waiting for someone to rescue us., The Perils of Money Printing’s Unintended Consequences Zero Hedge | The money printing policies of the Federal Reserve have put the world’s currencies on an accelerating inflationary down slope. , Goldman Sachs: Making Money by Stealing It Stephen Lendman | Wall Street crooks transformed America into an unprecedented money making racket. , Train Reading: Apples Yield to Cash Call, BofA Denies Rumors at The Wall Street Journal ,

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

As European debt crisis endures, Poland backs off rush to adopt euro Boosted by own currency, Poland’s economy is the fastest-growing among the E.U.’s 27 countries. (Washington Post) [ Well, I think it’s more a matter of full employment in Poland; particularly by way of the ‘light bulb installation industry’, as in ‘how many Polacks does it take to screw in a light bulb?’ Just kidding … but really, with an economy roughly the size of that sordid, corrupt, mob-infested state new jersey, one’s gotta’ say something like, ‘so what!’ And then, compared to what? America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke …The government’s total indebtedness is $211 trillion’. 43,454,601,693,238 Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge http://www.economist.com/content/global_debt_clock The Death of The PIIGS Illustrated Durden 3-7-12 Yesterday we pointed to the fundamental reason for Europe's angst - that of dramatic imbalance across nations finances. Today we look at the implications of the growing concerns at sustainability of the Euro-area itself. Deposits are fleeing the PIIGS at ever faster rates, growth remains a dream as PMIs for most of the PIIGS trend towards (or are at) record lows, and despite all the liquidity provision of the two LTROs, credit extension to the real economy dropped once again., How the IMF reasserted its power on Greece After getting tangled in a failed initial Greek rescue attempt, the International Monetary Fund reasserted its influence with a tougher line on economic reform. (Washington Post) [ In relative terms, greece is quickly becoming less relevant given the (computerized) magnitude and insurmountability of the crisis and the now ubiquitous funny fiat paper weimar currency printing/creation and the longer lines at the trough by the piigs plus and the biggest pig of all, defacto bankrupt america. For those who think this ‘wild weimar way’ in ‘weimar world’ is a free lunch, you are tragically mistaken and this debacle will unfold as the worst financial / economic disaster this world has ever seen. ( America’s debt woe is worse than Greece’s News (CNN) ‘Our government is utterly broke…The government’s total indebtedness is $211 trillion’ ) See chart: http://albertpeia.com/debtpercapita.jpg . Here’s some bi-partisan u.s. debt reality: http://albertpeia.com/34shockingfactsaboutusdebt.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Is higher productivity what happened to manufacturing? Experts doubt it. They say job losses stem more from declining competitiveness, imports than from more efficiency. (Washington Post) [ Experts? You mean anyone with an IQ exceeding 100 and possessing even a modicum of common sense knows that higher productivity (among american workers doubtful in and of itself) has nothing whatsoever to do with what’s happened to manufacturing in america. The only thing that significantly has been affected economically / financially in terms of greater efficiency is the greater capacity and speed of the ever increasingly large frauds on wall street by ‘advances’ in computerization.

10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm

55 Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Steven Pearlstein Reaction to op-ed resignation from Goldman Sachs is more evidence of ethical deterioration on Wall Street. (Washington Post) [ Yeah, it’s really that bad on fraudulent wall street. ( 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm ) Yet, if not for pervasive corruption in the enforcement end, such reactions including the ‘Occupy Movement’ (Occupy Wall Street call for general strike to protest police tactics AP / WP), etc., would be less frequent and unnecessary. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! USA #1? 40 Embarrassing Things That America Is The Best In The World At http://albertpeia.com/40badthingsusabest.htm ,. Both The Market and Government Are Irrational Paul Craig Roberts | One of the great economic myths is that markets are rational. Not a day passes without this myth being disproved scores of times, but the myth persists. [ The ‘psychological factor’ has always been a component in the valuation of securities which valuations, good or ill, collectively give rise to the ‘markets’. The mythical part is the presumption of rationality accorded the ‘market-makers’ which, despite their glaring irrationality and propensity for fraud (I’d conservatively say that wall street is comprised predominantly, I’d estimate 90%, of psycho/sociopathic personalities), is still decidedly and pathetically vis-à-vis the rest of the ‘go along to get along’ world, criminally insane wall street. . { The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal } It should be obvious by now, particularly with the advent of ubiquitous, lightning fast programmed computerization, that the markets are fraudulently manipulated in a bigger way now than ever; and, not without great cost ultimately to muppets / taxpayers like you, whether in the markets or not.They do it for the money; and, sick as they are, to be screwin’ at least someone all of the time which perversely gives them pleasure! ] Energy Dept. failed to act as Solyndra sank (WP) [ This stuff is becoming all too typical. I believe it’s time to start questioning what federal employees get paid for. After all, pervasively corrupt america is defacto bankrupt ( America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke…The government’s total indebtedness is $211 trillion’ ) . Moreover, america’s pervasive corruption, even crimes, has become synonomous with the machinations of any number of federal agencies / departments / all branches of government (ie., DOJ – holder/fast and furious/race bias UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE...‘ignore cases that involve black defendants and white victims , Fannie / Freddie Mac , SEC destroyed documents, senator says 17 Aug 2011 ‘The Securities and Exchange Commission destroyed documents and compromised enforcement case ... Sen.Grassley “It doesn’t make sense that an agency responsible for investigations would want to get rid of potential evidence…’ Report: SEC lawyer exposed FBI informant (WP) [the sec liar (sic – lawyer) typically with a ‘pre or post’ arrangement, whether implicit or explicit; that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain / sinkhole new york (new york / new jersey metro) where, for example, FBI informants were routinely exposed by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and were murdered by mafia / organized crime [ this was documented with authority in ‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman ] SEC faulted over records shredding The SEC destroyed internal documents that should have been preserved as official federal records, the agency’s inspector general has found. (Washington Post) [ Oh, if it was only that, and only the SEC; and if only they did an incisive investigation of the DOJ. Sheriff: Fast and Furious Bigger Scandal Than Watergate http://www.prisonplanet.com/sheriff-fast-and-furious-bigger-scandal-than-watergate.html Paul Joseph Watson | Over two dozen Republicans call for Holder to resign. Though heavily redacted, the documents directly discuss “Operation Fast and Furious” and how it involves “trafficking firearms to Mexico”. Tuesday, November 1, 2011 . )That’s certainly my experience which comports with reality, http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm

Allen Stanford Found Guilty Of Being Not Too Big To Fail; In Other News Jon Corzine Walking Free Durden 3-6-12

In case anyone cares:

ALLEN STANFORD FOUND GUILTY BY FEDERAL JURY IN HOUSTON - BBG

ALLEN STANFORD FOUND GUILTY ON 13 OF 14 CHARGES - BBG

STANFORD CONVICTED IN $7 BILLION INVESTMENT FRAUD SCHEME - BBG

Jon Corzine's Family Responds To Accusations Against The Patriarch Durden 3-6-12 - 14:59 MF Global Next, it is turn for the families of the thousands of people whose money was stolen by MF Global (and apparently Fabrice Tourre, since nobody at MF Global was responsible for anything... or else it just vaporized) to send in their letters.

CRIME STATS(u.s.No.1)

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

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

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

CBO: Budget produces $977B deficit in 2013 A new analysis of President Barack Obama’s budget for next year says the deficit scenario isn’t as rosy as the White House painted it. (Washington Post) [ Pervasively corrupt america is defacto bankrupt! Really! [ America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke …The government’s total indebtedness is $211 trillion’. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ECRI Stays with Recession Call New American | The vicious cycle is starting where lower sales, lower production, lower employment and lower income [leads] back to lower sales…BOB ADELMANN New American 3-13-12 http://albertpeia.com/ecricallsrecession.htm , STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm Both The Market and Government Are Irrational Paul Craig Roberts | One of the great economic myths is that markets are rational. Not a day passes without this myth being disproved scores of times, but the myth persists. [ The ‘psychological factor’ has always been a component in the valuation of securities which valuations, good or ill, collectively give rise to the ‘markets’. The mythical part is the presumption of rationality accorded the ‘market-makers’ which, despite their glaring irrationality and propensity for fraud (I’d conservatively say that wall street is comprised predominantly, I’d estimate 90%, of psycho/sociopathic personalities), is still decidedly and pathetically vis-à-vis the rest of the ‘go along to get along’ world, criminally insane wall street. { The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal } It should be obvious by now, particularly with the advent of ubiquitous, lightning fast programmed computerization, that the markets are fraudulently manipulated in a bigger way now than ever; and, not without great cost ultimately to muppets / taxpayers like you, whether in the markets or not.They do it for the money; and, sick as they are, to be screwin’ at least someone all of the time which perversely gives them pleasure! ] ] This is an especially great opportunity to sell / take profits with stocks floating on air in contraindicated ‘Weimar dollar bubble rally’ as preceded last crash. Suckers’ rally into the close off lows. They’re loving Apple to death on wall street which is a testament to the pathetic state of american and world technology which is horrendous. As my first computer (AppleIIc, 1986) I’m glad they survived but they’re way, way over-valued. Aside from the IPAD (at best and even that’s a stretch, and past history at that), there’s really nothing there, which is a testament to the stupidity of american consumers particularly. Come on! Wake up! What total frauds! 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm , **Guest Post: Money from Nothing - A Primer on Fake Wealth Creation and its Implications (Part 2) ZeroHedge.com 3-14-12 ‘Only in a debt-based money system could debt be curiously cast as an asset. We’ve made “extend and pretend” a quaint phrase for a burgeoning market for financial lying and profiteering aimed toward preventing the collapse of a debt- (or lack-) based system that was already doomed by its initial design to collapse.’ Election year temp jobs, trade deficit up, GDP projection down, business inventories miss, manipulations, obfuscations…** Dave’s Daily: http://www.etfdigest.com STOCK RALLY FADES WITH CDS ISSUE 3-9-12 [ Dave astutely points out: “Jobless Claims Thursday were weaker than expected (362K vs 351K expected and prior revised higher to 354K). Did you know that prior weekly Jobless Claims data has been revised higher 100% of the time over the past two years? How does that happen this consistently?” – Which I refer to as the ‘data ponzi scheme’ wherein new fake data is used to buoy markets as prior reported fake data is reconciled closer to reality. 3-15-12 Yes, and again, prior week revised up . ] Does China's Forex Policy Beggar Its Neighbors? The Wall Street Journal [ Are you sure the author didn’t mean ‘bugger its neighbors’? Sounds like it; but, it’s really all about cost structures which are far less in China which is the primary reason for China’s export success. Manipulation of currencies is an artifice that the west will ultimately prove does not work at all (all that over-printing / creating of fiat Weimar paper currencies is a time-tested loser).]Rumor planted by fed of QE3 light spurs rally, not the fake, uneconomic jobs estimate from jersey adp for election year spin purposes which only fools believe. How desperate and pathetic! For those who think this money-printing out of thin air is without cost, you’re in for a worse than rude awakening. The global markets have become a joke! This is a ‘full press’ as in ‘fiat paper printing presses in overdrive’ debased Weimar dollars / currencies that will end quite badly so take this opportunity to take profits while you can. The manipulated, contrived, and fake data has all been unaffordably ‘electioneared’ for ‘electionyeared’ spin and propaganda. Don’t be their fool! The full moon previously helped keep the contraindicated lunatics’ huge suckers’ rally going with across the board media et als complicity (infra). But not quite … reality (will) catch(es) up … you know the drill … typical suckers’ surge into the close off lows, etc.. Today’s data looked pretty bad to me, even with the manipulations/spin otherwise, ie., Durable goods orders drop by most in 3 years AP , etc.. Then there was previously the manipulated revision to make this month’s distressed, foreclosure sales (backlog) look better. Total scam! This will all end quite badly and is much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles. { http://albertpeia.com/todaysbusinesssummarylinks.htm - today’s business summary links only, by day – scroll down as well for today’s links and for more complete context – Encouraged and recommended! } This global suckers’ rally is based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare (which is being injected sub rosa, see infra), bad news, fraud, bs, and desperation alone, as suckers’ rallies ushered in the new year in a most preposterous fashion [Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’ for the superstitious so-called ‘January effect’ based on based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, bs, and desperation alone to suck suckers in and keep suckers sucked in! Don’t be their fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s using the up moves to reduce risk assets / stocks / exposure, in other words, he’s selling the rallies which is sound advice [3-12-12: I’ve previously recommended this business report; but, like everything in america, it’s gotten so bad as in the first 30 minutes I calculated approximately 6 minutes of business report and the balance predominantly advertising and some cbs network stuff before I had to turn it off – I might listen again in a year, if at all. Terrible! ]. The fundamentals/realities, current and prospective, are worse than ever. There are no systems/formulas for these unprecedentedly dire times. Don’t be their sucker! This is an especially great opportunity to sell / take profits because there’s much, much worse to come! Here’s a simple chart of the Dow’s history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als.] with lingering intoxication an explanation as the printing presses and issuance of worthless insurmountable debt paper are in full throttle globally (a testament to global blindness as the blind follow the blind) making this impending disaster at this time an especially great opportunity to sell / take profits because there’s much, much worse to come! jersey-lautenberg based adp with 100% better than expectations private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce department data? Labor dept. ue claims / ue numbers? Only a fool believes what they say! ( After One Month Respite, Pink Slips Are Flying Again Durden , Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Durden on 01/06/2012 .. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg , ) The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , ‘…technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57…’ , The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm Why earnings will continue to decline MarketWatch , 10 Things That Every American Should Know About The Federal Reserve Eco.Coll.Blog http://albertpeia.com/10thingsmustknowaboutfedreserve.htm #1 The Federal Reserve System Is A Privately Owned Banking Cartel #2 The Federal Reserve System Is A Perpetual Debt Machine #3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar #4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability #5 The Federal Reserve Is Paying Banks Not To Lend Money #6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging #7 The Federal Reserve System Is Dominated By The Big Wall Street Banks #8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913 #9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence #10 The Federal Reserve Has Become Way Too Powerful , A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm Any financial system that is based on debt is doomed to fail. Today, we are living in the greatest debt bubble that the world has ever seen … , Despite Two Thirds Of Components Declining, Empire Fed Prints At Highest Since June 2010 ZeroHedge | Chalk this one to “seasonal adjustments” or something, cause we no longer have any clue what is going on with the data fudging in America. , 20 Signs You Might Be A Typical American Worker http://albertpeia.com/20signsoftypicalamericanworker.htm , 10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm , 8 Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default http://albertpeia.com/8reasonsgreekdebtdefaultstillcoming.htm , 55 Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm ‘How is the U.S. economy doing in 2012? Unfortunately, it is not doing nearly as well as the mainstream media would have you believe. Yes, things have stabilized for the moment but this bubble of false hope will not last for long. The long-term trends that are ripping our economy and our financial system to shreds continue unabated. When you step back and look at the broader picture, it is hard to deny that we are in really bad shape and that things are rapidly getting worse. Later on in this article you will find a list of interesting facts that show the true state of the U.S. economy… , http://albertpeia.com/debtpercapita.jpg , Double-dip recession setting in across eurozone: EU Thomson | AFP , America 1950 vs. America 2012 http://albertpeia.com/downhillslideofamerica.htm , Society’s Five Stages of Economic Collapse http://albertpeia.com/5stagesofcollapse.htm David Meyer shtfplan.com March 1, 2012 , No Housing Recovery - Case Shiller Shows 8th Consecutive Month Of House Price Declines Durden 2-28-12 Little that can be added here. The December Case Shiller came, saw, and shut up all those who keep calling for a home price recovery. The Index printed at 136.71 on expectations of 137.11, with the prior revised to 138.24. The top 20 City composite was down -0.5% on expectations of a 0.35% drop. 18 out of 20 MSAs saw monthly declines in December over November… , Goldman: Germany Is Now On The Hook By €1 Trillion (Or 40% Of GDP) Durden, , 20 Economic Statistics To Use To Wake Sheeple Up From Their Entertainment-Induced Comas http://albertpeia.com/20ecostatstowakesheeple.htm , Central bank balance sheet expansion since end 2007 Mar 1st, 2012 by News (ZeroHedge) — SNB +230%; Fed +222%, BOJ +125%, BOE +87%, PBOC +93%, ECB +51%. USA Gold / PG View: Pretty strong evidence that the rally in bonds — and by extension the rally in stocks — is nothing but a charade. , 10.7 Percent: Unemployment In Europe Is Worse Than It Was At The Peak Of The Last Recession http://albertpeia.com/europeunemploymentworsethanrecession.htm The unemployment rate in the eurozone is now 10.7 percent. That is the highest the unemployment rate has been since the introduction of the euro. The unemployment rate in the eurozone never got any higher than 10.2 percent during the last recession. This is very troubling news. It was just recently announced that the eurozone has entered another recession, and already the unemployment rate is hitting new record highs… , Inflation Is A Tax And The Federal Reserve Is Taxing The Living Daylights Out Of Us http://albertpeia.com/inflationisatax.htm , Guest Post: Cause, Effects & The Fallacy Of A Return To Normalcy Durden 3-6-12, Market Takes First Big Loss Of 2012 As Investors Eye Greek Debt Swap Forbes , 15 Potentially Massive Threats To The U.S. Economy Over The Next 12 Months http://albertpeia.com/15massivethreatstoeconomy.htm , 1 Through 30 – The Coming U.S. Financial Crisis By The Numbers http://albertpeia.com/1-30usfinancialcrisiscoming.htm , Gallup Finds February US Unemployment Jumps Most Since 2010, Third Consecutive Monthly Increase Durden 3-8-12 , Initial Claims Miss Expectations, Rise For Third Consecutive Week For First Time Since August 2010 Durden 3-8-12 , Greece Has Defaulted - Which Country In Europe Is Next? http://albertpeia.com/greecehasdefaultedwhonext.htm , Five Charts That Prove We’re in a Depression and That the Federal Reserve and Washington Are Wasting Money March 12, 2012 By gpc1981 http://albertpeia.com/usindepressionfedandgovwastingmoney.htm , Broken Promises: Pensions All Over America Are Being Savagely Cut Or Are Vanishing Completely .. this exact scenario is playing out from coast to coast and in the years ahead millions of elderly Americans are going to be affected by broken promises and vanishing pensions.. http://albertpeia.com/uspensionscutorvanishing.htm , America Is Being Transformed From A Wealthy Nation Into A Poor Nation At Breathtaking Speed America is losing wealth far faster than any other nation on earth is. http://albertpeia.com/ustransformedfromwealthytopoor.htm , As US Rakes Largest Monthly Deficit In History, 2012 Tax Revenues Net Of Refunds Trail 2011 Durden 3-12-12 , Guest Post: The Audacity of Bonuses At MF Global Durden 3-12-12 In the spirit of George Orwell’s Animal Farm commandment: “all animals are equal, but some animals are more equal then others” comes the galling news that bankruptcy trustee, Louis Freeh, could approve the defunct, MF Global to pay bonuses to certain senior executives. This, despite the fact that nearly $1.6 billion of customer funds remains “missing” or otherwise partially accounted for, yet beyond the reach of those customers, perhaps forever, since before the firm declared bankruptcy on October 31, 2011... , 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm , S&P Says Improbable Any Economic Improvement Would Bring Back AAA US Rating Durden 3-15-12 Sigh: S&P says that it is impossible that any economic improvement would bring back the AAA rating US deficit progress is needed. Outlook remains negative.- And what do stocks do on latest S&P report that America is broke? Why they surge of course.... , The Fed Isn’t Providing “Monetary Morphine”; It’s Spreading Financial Cancer That is Killing the Markets and Democratic Capitalism in General March 16, 2012 By gpc1981 http://gainspainscapital.com ‘While the vast majority of commentators look at the market action of the last three months and celebrate, I cannot help but shudder. The reason is that the stock market has been propped up solely by Central Bank and/or Federal Government intervention or the hope of more intervention.That alone is worrisome as it indicates the stock market no longer cares for economic or financial fundamentals (something that has been clear for several years now).However, far more worrisome is fact that the Fed and Federal Government are now not only propping up stock prices, but are openly trying to crush other assets (especially politically dangerous commodities such as oil and gasoline) in an attempt to make it appear that inflation is under control.Consider the following: #1) The sudden talk of “sterilized QE” or QE that won’t involve more money printing (read: There is No Such Thing as Sterilized QE).* #2) The sudden and curious collapse in precious metals (right after Bernanke says QE 3 isn’t coming anytime soon… only for the Fed to leak the “sterilized QE” talk a week after Gold and Silver collapse). #3) The Government’s decision to unlock our Strategic Petroleum Reserves again (crushing gas prices which were the primary inflationary concern of the Obama administration) #4) Those Wall Streeters close to the Fed (Goldman’s Jan Hatzius) predicting “sterilized QE” coming in April or June ALL OF THESE MOVES HAVE TWO GOALS: #1) Propping up stocks #2) Crushing those commodities/ assets that are politically (and economically) dangerous (gasoline, food prices). The take away point that I’m trying to make here is that we’re now at the point of intervention in which the Fed is openly managing the markets right down to specific asset classes.Never in history has Central Planning gone well for either the markets or the economy. Wall Street and the mainstream media may cheer that stocks are up and inflation “transitory” (despite clear evidence that the latter point is false: the bond market indicates real inflation to be around 10%). However, I for one am truly terrified by what I see occurring in the markets…’ , The Crazy Things That One Whistleblower Says Are Happening At JP Morgan Will Blow Your Mind http://albertpeia.com/crazythingshappeningatjpmorgan.htm , Train Reading: Muppet, Vampire Squid & Other Name Calling on Wall Street The Wall Street Journal By Steven Russolillo [ And, where might you fit into wall street’s ship of fools; or, more pointedly, whose fool are you? And, keep in mind, the wall street ship is the USSA Titanic. ] What brokers call their clients behind their backs – Total Return By Jason Zweig ‘Greg Smith’s letter announcing his resignation from Goldman Sachs Group contained many juicy tidbits, perhaps most notably that he heard at least five senior Goldman executives refer to their clients as “muppets.” (In the U.K., where Smith was based, a “muppet” refers not just to a stuffed cartoon character but is a synonym for “idiot.”) Cynics with a sense of Wall Street history, however, were entirely unsurprised: Contempt for clients is as old as markets themselves…’ , The Numbers That Matter: $15,564,809,891,768 And $8.354 Billion Durden 3-16-12 Without wasting our readers' time, here are the only two numbers that matter today: $15,564,809,891,767.99 - This is how high record US federal debt is as of today. Although "record" and "US debt" in the same sentence is now redundant. So just debt. (source) $8.354 billion. This is how much net US tax revenues (net of refunds of course) are lower in fiscal 2012 to date compared to the same period in 2011. In this Bizarro world, economic recovery is apparently based on weaker numbers (source). , Brent At $126 As Israel Security Cabinet Votes 8 To 6 To Attack Iran Durden 3-16-12 , Guest Post: Caution - Falling Currencies Durden 3-16-12 Eventually, people will discover that they cannot save in terms of dollars (those who don’t figure it out will be rendered economically irrelevant as their wealth is removed from their hands). Savings is a necessary prerequisite for investment. Investment is necessary for companies to grow, to develop new technologies, products, and markets. Growth is necessary to hire new workers. As existing companies achieve higher productivity of labor, and do not need as many workers to perform the same work, they lay off unneeded people. In a free market, the unemployed would quickly be hired by growing companies that expand and develop new businesses. But today’s structurally high unemployment can be traced back to Friedman’s quack prescription (among other government interference). Weakening the currency not only discourages savings, it also weakens businesses who have to keep the currency on their balance sheet and who have to import some of their inputs. When a currency loses value, then all who hold it incur a loss. It is not possible to employ workers and run a business in a country without holding significant amounts of its currency. Currency debasement therefore imposes constant losses on enterprises that try to operate in such an environment. , Guest Post: Lost Principles And Social Destruction Durden 3-16-12 …America has so strayed from its founding roots that it now hungers; starving for lack of nutrients from its natural soil. As with all other catastrophic societies of the past, we have been manipulated and conned into overlooking and over-rationalizing astonishing injustice and in some cases, unmitigated evil. I frankly don’t know what else to call it. There are some acts of malevolence that go beyond human weakness and inadequacy and reach into realms of calculation that are so cold, so soulless, there is simply no other way to describe them. These actions and attitudes tend to run rampant in dying nations but are rarely singled out and criticized by those in the midst of the great fall. Each begins with the loss of particular principles and inherent morals that are normally prized under more healthy circumstances, but are despised in times of chaos and uncertainty…’ , Inflation Even in the Cost of Corruption : testosteronepit : 03/16/12 Much harder to measure than inflation in the cost of gasoline, but finally, Germany has a way.... ,A Friendly Reminder on the VIX : CrownThomas : 03/16/12Retirement... off? ,FaTHeR MoRAL HaZARD On THE SHIP oF FRaUD : williambanzai7 : 03/16/12 Thank you Ben Shalom Bernanke for being the singular pompous PhD idiot who can take the yeoman's credit for navigating this entire golbal ship of financial farce into the sargasso sea of pinstriped... , Industrial Production Misses, Capacity Utilization Declines For First Time Since April 2011 Durden 3-16-12, The Fool's Game: Unravelling Europe's Epic Ponzi Pyramid Of Lies Durden 3-16-12 Now in the curious world we live in today; this only came out in public as the answer to a question raised in the German Parliament. Some reflection on the nature of these guarantees, that the European Union had decided not to tell us about, causes me to think of them as “Ponzi Bonds.” These are the seeds of a great scheme that has been foisted upon us. Bonds of a feather that have flocked together and arrived with the black swans one quiet Wednesday afternoon. The quoted and much ballyhooed sovereign debt numbers are now known to be no longer accurate and hence the lack of credibility of the debt to GDP data for the European nations. Stated more simply; none of the data that we are given about sovereign debt in the European Union is the truth, none of it. According to Eurostat, as an example, the consolidated Spanish debt raises their debt to GDP by 12.3% as Eurostat also states, and I quote, that guaranteed debt in Europe “DO NOT FORM PART OF GOVERNMENT DEBT, BUT ARE A CONTINGENT LIABILITY.” In other words; not counted and so, my friends, none of the data pushed out by Europe about their sovereign debt or their GDP ratios has one whit of truth resident in the data. , The Schrodinger Inflation: Ignore All Time High March Gas Prices, BLS Tells You Inflation Is Lower Than Expected Durden 3-16-12 Just spent a record high amount at the gas pump for this time of year? The BLS says you didn't, and after all when it comes to reality, the BLS has a right of first refusal. The just printed headline CPI came at 0.4%, just in line with expectations of 0.4%, while core CPI of 0.2%, missed expectations of 0.3%. That's right: not only is inflation meaningless, it is less than expected, leading to surge higher in stocks, bonds and the EURUSD. As for those items which are once again soaring in prices such as food and gas? Luckily, those can be hedonically adjusted by everyone to virtually zero. (wait? You still pay your mortgage or rent? Sucker!) Remember: the iPad is deflationary. , Goldman person leaked Apple, Intel secrets: lawyer , Fed revises stress test losses { ‘… dit helicopter ben shalom b.s.bernanke, mais, quelle est la difference …’? Indeed, bunglow ben; no difference at all! After all, we’re dealing with total manipulated bs anyway so who’s really counting, paying attention! } , Lacker: Fed Will Need to Raise Rates in 2013 The Wall Street Journal, Proposed UN Environmental Constitution For The World Would Establish An Incredibly Repressive System Of Global Governance http://albertpeia.com/unenvironmentalconsrepressiveglobalgovernance.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

CBO: Budget produces $977B deficit in 2013 Is Congress setting itself up for a pension crisis? (Washington Post) [ If only it was just the pensions there’d be reason to hope! The Fed Isn’t Providing “Monetary Morphine”; It’s Spreading Financial Cancer That is Killing the Markets and Democratic Capitalism in General March 16, 2012 By gpc1981 http://gainspainscapital.com ‘While the vast majority of commentators look at the market action of the last three months and celebrate, I cannot help but shudder. The reason is that the stock market has been propped up solely by Central Bank and/or Federal Government intervention or the hope of more intervention.That alone is worrisome as it indicates the stock market no longer cares for economic or financial fundamentals (something that has been clear for several years now).However, far more worrisome is fact that the Fed and Federal Government are now not only propping up stock prices, but are openly trying to crush other assets (especially politically dangerous commodities such as oil and gasoline) in an attempt to make it appear that inflation is under control.Consider the following: #1) The sudden talk of “sterilized QE” or QE that won’t involve more money printing (read: There is No Such Thing as Sterilized QE). #2) The sudden and curious collapse in precious metals (right after Bernanke says QE 3 isn’t coming anytime soon… only for the Fed to leak the “sterilized QE” talk a week after Gold and Silver collapse). #3) The Government’s decision to unlock our Strategic Petroleum Reserves again (crushing gas prices which were the primary inflationary concern of the Obama administration) #4) Those Wall Streeters close to the Fed (Goldman’s Jan Hatzius) predicting “sterilized QE” coming in April or June ALL OF THESE MOVES HAVE TWO GOALS: #1) Propping up stocks #2) Crushing those commodities/ assets that are politically (and economically) dangerous (gasoline, food prices). The take away point that I’m trying to make here is that we’re now at the point of intervention in which the Fed is openly managing the markets right down to specific asset classes.Never in history has Central Planning gone well for either the markets or the economy. Wall Street and the mainstream media may cheer that stocks are up and inflation “transitory” (despite clear evidence that the latter point is false: the bond market indicates real inflation to be around 10%). However, I for one am truly terrified by what I see occurring in the markets…’ , The Crazy Things That One Whistleblower Says Are Happening At JP Morgan Will Blow Your Mind http://albertpeia.com/crazythingshappeningatjpmorgan.htm , Train Reading: Muppet, Vampire Squid & Other Name Calling on Wall Street The Wall Street Journal By Steven Russolillo [ And, where might you fit into wall street’s ship of fools; or, more pointedly, whose fool are you? And, keep in mind, the wall street ship is the USSA Titanic. ] What brokers call their clients behind their backs – Total Return By Jason Zweig ‘Greg Smith’s letter announcing his resignation from Goldman Sachs Group contained many juicy tidbits, perhaps most notably that he heard at least five senior Goldman executives refer to their clients as “muppets.” (In the U.K., where Smith was based, a “muppet” refers not just to a stuffed cartoon character but is a synonym for “idiot.”) Cynics with a sense of Wall Street history, however, were entirely unsurprised: Contempt for clients is as old as markets themselves…’ , The Numbers That Matter: $15,564,809,891,768 And $8.354 Billion Durden 3-16-12 Without wasting our readers' time, here are the only two numbers that matter today: $15,564,809,891,767.99 - This is how high record US federal debt is as of today. Although "record" and "US debt" in the same sentence is now redundant. So just debt. (source) $8.354 billion. This is how much net US tax revenues (net of refunds of course) are lower in fiscal 2012 to date compared to the same period in 2011. In this Bizarro world, economic recovery is apparently based on weaker numbers (source).

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Milbank: Will the GOP kill Medicare? (Washington Post) [ At the rate of wobama’s re-election run profligate spending, the real question is if there’ll be anything left to kill. The nation’s defacto bankrupt! Really! [ America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke …The government’s total indebtedness is $211 trillion’. 43,454,601,693,238 Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock Drudgereport: 3-16-12 COST OF LIVING SOARS...
CBO: Obama budget deepens debt by $3.5 trillion...
2013 deficit: $977 billion...
CBO sees higher deficits under Obama plan...

Will Tom Hanks Video Help Obama [ Lamentably, sweet tom never really able to shirk the role of retard once driven to the apollo as the beloved but mentally challenged gump. Yes, life in america for worst is like that candidate of chocolate. ] ?
'He Would Not Dwell In Blame' [ Yeah, sounds like a plan; when, as with wobama, you have so much to be blamed for. In the final analysis, isn’t blame, the positing of blame to one or another ultimately what a vigorous and real political process is about, ultimately arriving at who’s best to provide credible solutions in light thereof? ] ...
GOP mocks [ Indeed they should! Indeed they must! Wobama’s a joke! ] { The time is come for wobama to pay the piper for every b***s*** story he’s ever told – and that a real lot of b***s*** to account for! } ...

White House steps up attack on Republicans With speeches, documentary on what administration considers to be its most significant achievements, Obama camp moves fully into reelection mode. ‘Obama’s pitch is not inspiring’ (Washington Post) [Come on! The wobama camp’s propaganda campaign is an absolute insult to intelligence. After all, basic math and common sense lead ineluctably to the inevitable conclusion that the nation’s been had by wobama the b***s***ing con man who promised the rational last campaign, did the irrational in breaking those rational promises, has obfuscated and attempted to cover up his failure by huge, contraindicated increases in deficit spending for which the nation and the people will pay in a very big way down the road, while benefiting himself and the familiar few, including the frauds on wall street who remain unprosecuted for their prior crisis inducing huge fraud still extant with complicit legislative help in the form of FASB rule change enabling toxic, worthless paper assets to be marked to anything they choose while cashing out good money for ‘the bad’. The uneconomic, fiscally imprudent make-shift election year jobs are a fraud on the electorate with mainstream media complicity in misrepresenting reality by their unending refrains of ‘happy days are here again’. They’re counting at S&P, albeit with somewhat of a soft touch:

S&P Says Improbable Any Economic Improvement Would Bring Back AAA US Rating Durden 3-15-12 Sigh:

S&P says that it is impossible that any economic improvement would bring back the AAA rating

US deficit progress is needed.

Outlook remains negative.

And what do stocks do on latest S&P report that America is broke? Why they surge of course....

80 Percent Of Americans Say That They Are Not Better Off Than They Were Four Years Ago http://albertpeia.com/80percentamericaworsethan4yearsago.htm

PostLeadership: Smith and the fantasy job exit (Washington Post) [ The only real ‘fantasy part’ of the exit is the possible inference that these inherent, inveterate frauds / criminals can be shamed. Moreover, the same is true of the DOJ and SEC; that is, they have no shame despite having a lot to be ashamed of. Madoff’s enduring cloud over the SEC At a House hearing on the SEC’s funding request, the specter of a con man who wasn’t caught continued to haunt the agency. (Washington Post) [ Clouds indeed! Regular noreaster! And he, but a piker by american fraud standards. More like walking on eggshells when it comes carefully navigating ‘the who got what, gave what to, did what for whom’ terrain of corruption so entrenched in america that has precluded both effective prosecution; and hence, deterrent. Why insider trading probes are awkward for SEC (Washington Post) [ If only it wasn’t true that ‘where there’s a will, there’s a way’! Clearly, a lack of will and conflicts, bribes / quid pro quo, even destruction of evidence, have plagued the SEC. Yet, their’s is only the province of civil remedies with at best criminal referrals to the DOJ for prosecution; good luck with that (remember all those prosecutions promised last election time by what is now the wobama / holder doj of the still extant high level wall street frauds in the trillions…never happened - { Obama flush with financial sector cash The president has managed to raise more money this year from the sector than any GOP contender. (WP) ( So much for obama and OWS; but how ‘bout wobama and obs … yes, more ‘obama b*** s*** ! The quid pro quo … the bribe … Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud )THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , http://albertpeia.com/10mostcorruptpols.htm ) }

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

In Israel, prospect of war with Iran raises questions about defense A strike on Iran nuclear facilities could leave Israeli citizens vulnerable to retaliation, experts say. (Washington Post) [ Defense? How ‘bout israel’s offense and offensive, militant, warmongering ways not only in israel and abroad, but as well, audaciously in this country to america’s substantial detriment. Brent At $126 As Israel Security Cabinet Votes 8 To 6 To Attack Iran Durden 3-16-12 Israel’s Liberman: Iran Poses Greatest Threat to World Peace [ As with most psychopathic personalities, nuke scofflaw and warcrimes nation israel is really just projecting their own ill motives; and, a form of displacement that in the end in ‘Oedipal Effect’ fashion will lead to the undesired consequences they disingenuously ascride to Iran. Such detachment from reality and psychopathy historically led to the reality of the throngs (majority) of people in and outside of Germany to cheer Hitler’s ‘final solution’ and implementation thereof. ]

(They Love Death http://albertpeia.com/theylovedeath.htm)... Respond to , ie., Pat Buchanan: Pat Buchanan: 300 nukes in Israel yet Iran a threat? RT | Islamic wars have brought questionable benefit to the US over the last 20 years, former US presidential advisor Pat Buchanan, author of Suicide of a Superpower, shared with RT. http://albertpeia.com/16reasonswhyonlyfoolssupportswaragainstIran.htm Would You Support a War Against Iran If You Knew the True Facts? Then there’s also, from israel’s perspective, ‘the Oedipal Effect’. AIPAC beats the drums of war From speaker after speaker, intimations that a clash is coming — and probably soon. (Washington Post) [ How totally pathetic for pervasively corrupt, defacto bankrupt america. James Forrestal’s worst fears realized. This wouldn’t have ever happened under the wise auspices of the great but substantially underrated President General Eisenhower! How destructive and self-destructive americans have become. 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!… , Panetta: Israel must negotiate with Palestine

The US clearly needs a more domestic focus:

USA #1? 40 Embarrassing Things That America Is The Best In The World At http://albertpeia.com/40badthingsusabest.htm

Israeli leaders: Iran must be stopped soon One of the bluntest warnings to date of possible airstrikes against Iranian nuclear sites adds to the anxiety in Western capitals that a surprise attack could spark a broader military conflict in the Middle East. 900+ comments: ‘They better be prepared to fight the war on their own’ (Washington Post) [ Much like the illegal, misguided war in Iraq based upon lies amidst the clamoring bloodthirst of zionist neocons and israel alike, the Iraq debacle pleased the aforesaid immensely while costing this nation immeasurably in terms of blood (beyond the dead, over a $trillion yet to come in long-term health costs for injured troops), treasure, and geopolitical standing/credibility. Somewhat fresh off a humiliating shellackin’ at the hands of Hezbollah, the mid-east provocoteur israel then constrained to be bully to the captive, down-trodden Palestinians / Gazans has a panoply of reasons for their fears of blowback for their misdeeds, illegal nukes being among them. Yet, their fears / paranoia in no way coincide with the interests of the rest of the world, not that they care one bit, greedy / self-interested as they invariably are. Those murdered scientists? Yeah, karma’s a b**ch when you know you’ve something to look forward to when you know you’ve done something so sinister so as not to want to ‘pay the piper’ therefore! Quite simply, israel’s problems are of their own making, troublesome for the world only to the extent they try to make their problem seem to be and then the world’s problem, and likely will create more problems by their own transgressions than any of those possibly imagined by the paranoid war criminal israelis. US Joint Chiefs Gen. Dempsey draws a line between Israel and US, over Iran LaRouche PAC | Top ranking US General states that US policies on Iran are not in line with US interests , 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!… , Panetta: Israel must negotiate with Palestine (Washington Post) [ Seems we’ve heard that song before. How can anyone, including the israelis, take him seriously when the whole world knows that if he really meant it, the same would be done in a ‘new york minute’. After all, client state israel, ultimately the source of substantially all america’s gargantuan geopolitical (and increasingly economic) problems, really has no real choice but to obey. The great but underrated President General Eisenhower who admonished about the military industrial complex would never sacrifice as now american interests for the sake of israel. Israel wary of transition in Egypt, concerned about regional stability Republican Jewish Coalition Bars Ron Paul From Debate: ‘He’s misguided and extreme’ Reason | Ron Paul’s comments about Israeli dependence on the US have fallen foul of the AIPAC crowd U.N. showdown could test U.S. role in Mideast One week before a United Nations vote over Palestinian statehood, the Obama administration is confronting the stark new limits of its influence. (Washington Post) [ What role? As israel’s mouthpiece? War, war, and more war? Death, destruction, and self-defeat including defacto bankruptcy for the u.s.? Fomenting anti-american sentiment? What role? The role the israeli lobby says is appropriate for america? How foolish america has been! Anxieties mount over Palestinian statehood bid (WP) [ And anxieties mount over no statehood bid! What gives here! Only ‘yesterday’ (not long ago), hillary clinton was talking about the need for and appropriateness of same. Has the israeli lobby, so costly and detrimental to american interests here and abroad, given her and hers a ‘talking to’? . U.S. vetoes Security Council resolution denouncing Israeli settlements (WP) [ 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 so don’t just talk about it,DO SOMETHING!]..pervasively corrupt, defacto america’s self-defeating,self-destructive wayU.S. vetoes Security Council resolution denouncing Israeli settlements Sounds like a plan!..for self-destruction! ] Israel's fear (WP)[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/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 u.s., not israel’s interests, first.Who cares what israel fears! 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. Obsessive / 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) psychogenic 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. No time for complacency on Iran Its nuclear program has accelerated and could produce a bomb before the world realizes. (Washington Post) [ Hopefully, quite right … Iran should be encouraged to hurry a nuke program to thwart the consistent israeli real nuke threat to Iran and in the region, generally. After all, israel has illegal nukes, violates international law / u.n. resolutions with impunity, commits war crimes; and, although there are dubious claims that Iran has / is close to having them, such israeli lies, as always, lack credibility (much like the wmd’s in Iraq). No smoking gun: IAEA Iranian nuclear report falls flat on its face Patrick Henningsen | The IAEA report has come up short, but the Axis powers are still desperate to hit Iran (is america once again ready to self-defeatingly sacrifice itself for ‘greater zion’. Among the many attributes of the great but underrated President General Eisenhower, a man of honor, was that he never, never took any crap from america-dependent-dependant / albatross israel. ) Drudgereport: RUSSIA [ The Rational Pan-European Nation ] WARNS AGAINST STRIKE ON IRAN... , TRUTHFUL TRASH TALK (ABOUT ISRAELI TRASH) BEHIND ISRAELI LEADER'S BACKReport: Sarkozy calls Netanyahu 'liar' Microphones accidently left on after G20 meeting pick up private conversation between US, French presidents. Sarkozy admits he 'can't stand' Israeli premier. Obama: You're fed up with him? I have to deal with him every day!

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Consumer prices rise on high gas costs But outside higher pump prices, inflation stayed mild. (Washington Post) [ Wake up! They’d have a hard time denying what’s in plain sight for everyone to see. Yet, apparently they’ve not gone grocery shopping lately; you know, all that catered food for fools in Washington. , Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year. I now see a similar confluence of events that warns of phase II of the global crisis… My work shows that “the new recession has started.”… Over the past 33 years, we have called the start of every recession, often on the exact month, or within one month, of the official start as determined one year later by the official arbiter of recession, the National Bureau of Economic Research (NBER)… However, inflation is far understated for political reasons. Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation, according to free market economists who calculate inflation as it was done in 1980 before the politician re-engineered it, is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’, The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ECRI Stays with Recession Call New American | The vicious cycle is starting where lower sales, lower production, lower employment and lower income [leads] back to lower sales…BOB ADELMANN New American 3-13-12 http://albertpeia.com/ecricallsrecession.htm , STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm Both The Market and Government Are Irrational Paul Craig Roberts | One of the great economic myths is that markets are rational. Not a day passes without this myth being disproved scores of times, but the myth persists. [ The ‘psychological factor’ has always been a component in the valuation of securities which valuations, good or ill, collectively give rise to the ‘markets’. The mythical part is the presumption of rationality accorded the ‘market-makers’ which, despite their glaring irrationality and propensity for fraud (I’d conservatively say that wall street is comprised predominantly, I’d estimate 90%, of psycho/sociopathic personalities), is still decidedly and pathetically vis-à-vis the rest of the ‘go along to get along’ world, criminally insane wall street. { The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal } It should be obvious by now, particularly with the advent of ubiquitous, lightning fast programmed computerization, that the markets are fraudulently manipulated in a bigger way now than ever; and, not without great cost ultimately to muppets / taxpayers like you, whether in the markets or not.They do it for the money; and, sick as they are, to be screwin’ at least someone all of the time which perversely gives them pleasure! ] ] This is an especially great opportunity to sell / take profits with stocks floating on air in contraindicated ‘Weimar dollar bubble rally’ as preceded last crash. Suckers’ rally into the close off lows. They’re loving Apple to death on wall street which is a testament to the pathetic state of american and world technology which is horrendous. As my first computer (AppleIIc, 1986) I’m glad they survived but they’re way, way over-valued. Aside from the IPAD (at best and even that’s a stretch, and past history at that), there’s really nothing there, which is a testament to the stupidity of american consumers particularly. Come on! Wake up! What total frauds! 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm , Guest Post: Money from Nothing - A Primer on Fake Wealth Creation and its Implications (Part 2) ZeroHedge.com 3-14-12 ‘Only in a debt-based money system could debt be curiously cast as an asset. We’ve made “extend and pretend” a quaint phrase for a burgeoning market for financial lying and profiteering aimed toward preventing the collapse of a debt- (or lack-) based system that was already doomed by its initial design to collapse.’ Election year temp jobs, trade deficit up, GDP projection down, business inventories miss, manipulations, obfuscations… Dave’s Daily: http://www.etfdigest.com STOCK RALLY FADES WITH CDS ISSUE 3-9-12 [ Dave astutely points out: “Jobless Claims Thursday were weaker than expected (362K vs 351K expected and prior revised higher to 354K). Did you know that prior weekly Jobless Claims data has been revised higher 100% of the time over the past two years? How does that happen this consistently?” – Which I refer to as the ‘data ponzi scheme’ wherein new fake data is used to buoy markets as prior reported fake data is reconciled closer to reality. 3-15-12 Yes, and again, prior week revised up . ] Does China's Forex Policy Beggar Its Neighbors? The Wall Street Journal [ Are you sure the author didn’t mean ‘bugger its neighbors’? Sounds like it; but, it’s really all about cost structures which are far less in China which is the primary reason for China’s export success. Manipulation of currencies is an artifice that the west will ultimately prove does not work at all (all that over-printing / creating of fiat Weimar paper currencies is a time-tested loser).]Rumor planted by fed of QE3 light spurs rally, not the fake, uneconomic jobs estimate from jersey adp for election year spin purposes which only fools believe. How desperate and pathetic! For those who think this money-printing out of thin air is without cost, you’re in for a worse than rude awakening. The global markets have become a joke! This is a ‘full press’ as in ‘fiat paper printing presses in overdrive’ debased Weimar dollars / currencies that will end quite badly so take this opportunity to take profits while you can. The manipulated, contrived, and fake data has all been unaffordably ‘electioneared’ for ‘electionyeared’ spin and propaganda. Don’t be their fool! The full moon previously helped keep the contraindicated lunatics’ huge suckers’ rally going with across the board media et als complicity (infra). But not quite … reality (will) catch(es) up … you know the drill … typical suckers’ surge into the close off lows, etc.. Today’s data looked pretty bad to me, even with the manipulations/spin otherwise, ie., Durable goods orders drop by most in 3 years AP , etc.. Then there was previously the manipulated revision to make this month’s distressed, foreclosure sales (backlog) look better. Total scam! This will all end quite badly and is much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles. { http://albertpeia.com/todaysbusinesssummarylinks.htm - today’s business summary links only, by day – scroll down as well for today’s links and for more complete context – Encouraged and recommended! } This global suckers’ rally is based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare (which is being injected sub rosa, see infra), bad news, fraud, b***s***, and desperation alone, as suckers’ rallies ushered in the new year in a most preposterous fashion [Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’ for the superstitious so-called ‘January effect’ based on based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, b***s***, and desperation alone to suck suckers in and keep suckers sucked in! Don’t be their fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s using the up moves to reduce risk assets / stocks / exposure, in other words, he’s selling the rallies which is sound advice [3-12-12: I’ve previously recommended this business report; but, like everything in america, it’s gotten so bad as in the first 30 minutes I calculated approximately 6 minutes of business report and the balance predominantly advertising and some cbs network stuff before I had to turn it off – I might listen again in a year, if at all. Terrible! ]. The fundamentals/realities, current and prospective, are worse than ever. There are no systems/formulas for these unprecedentedly dire times. Don’t be their sucker! This is an especially great opportunity to sell / take profits because there’s much, much worse to come! Here’s a simple chart of the Dow’s history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als.] with lingering intoxication an explanation as the printing presses and issuance of worthless insurmountable debt paper are in full throttle globally (a testament to global blindness as the blind follow the blind) making this impending disaster at this time an especially great opportunity to sell / take profits because there’s much, much worse to come! jersey-lautenberg based adp with 100% better than expectations private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce department data? Labor dept. ue claims / ue numbers? Only a fool believes what they say! ( After One Month Respite, Pink Slips Are Flying Again Durden , Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Durden on 01/06/2012 .. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg , ) The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , ‘…technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57…’ , The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm Why earnings will continue to decline MarketWatch , 10 Things That Every American Should Know About The Federal Reserve Eco.Coll.Blog http://albertpeia.com/10thingsmustknowaboutfedreserve.htm #1 The Federal Reserve System Is A Privately Owned Banking Cartel #2 The Federal Reserve System Is A Perpetual Debt Machine #3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar #4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability #5 The Federal Reserve Is Paying Banks Not To Lend Money #6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging #7 The Federal Reserve System Is Dominated By The Big Wall Street Banks #8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913 #9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence #10 The Federal Reserve Has Become Way Too Powerful , A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm Any financial system that is based on debt is doomed to fail. Today, we are living in the greatest debt bubble that the world has ever seen … , Despite Two Thirds Of Components Declining, Empire Fed Prints At Highest Since June 2010 ZeroHedge | Chalk this one to “seasonal adjustments” or something, cause we no longer have any clue what is going on with the data fudging in America. , 20 Signs You Might Be A Typical American Worker http://albertpeia.com/20signsoftypicalamericanworker.htm , 10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm , 8 Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default http://albertpeia.com/8reasonsgreekdebtdefaultstillcoming.htm , 55 Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm ‘How is the U.S. economy doing in 2012? Unfortunately, it is not doing nearly as well as the mainstream media would have you believe. Yes, things have stabilized for the moment but this bubble of false hope will not last for long. The long-term trends that are ripping our economy and our financial system to shreds continue unabated. When you step back and look at the broader picture, it is hard to deny that we are in really bad shape and that things are rapidly getting worse. Later on in this article you will find a list of interesting facts that show the true state of the U.S. economy… , http://albertpeia.com/debtpercapita.jpg , Double-dip recession setting in across eurozone: EU Thomson | AFP , America 1950 vs. America 2012 http://albertpeia.com/downhillslideofamerica.htm , Society’s Five Stages of Economic Collapse http://albertpeia.com/5stagesofcollapse.htm David Meyer shtfplan.com March 1, 2012 , No Housing Recovery - Case Shiller Shows 8th Consecutive Month Of House Price Declines Durden 2-28-12 Little that can be added here. The December Case Shiller came, saw, and shut up all those who keep calling for a home price recovery. The Index printed at 136.71 on expectations of 137.11, with the prior revised to 138.24. The top 20 City composite was down -0.5% on expectations of a 0.35% drop. 18 out of 20 MSAs saw monthly declines in December over November… , Goldman: Germany Is Now On The Hook By €1 Trillion (Or 40% Of GDP) Durden, , 20 Economic Statistics To Use To Wake Sheeple Up From Their Entertainment-Induced Comas http://albertpeia.com/20ecostatstowakesheeple.htm , Central bank balance sheet expansion since end 2007 Mar 1st, 2012 by News (ZeroHedge) — SNB +230%; Fed +222%, BOJ +125%, BOE +87%, PBOC +93%, ECB +51%. USA Gold / PG View: Pretty strong evidence that the rally in bonds — and by extension the rally in stocks — is nothing but a charade. , 10.7 Percent: Unemployment In Europe Is Worse Than It Was At The Peak Of The Last Recession http://albertpeia.com/europeunemploymentworsethanrecession.htm The unemployment rate in the eurozone is now 10.7 percent. That is the highest the unemployment rate has been since the introduction of the euro. The unemployment rate in the eurozone never got any higher than 10.2 percent during the last recession. This is very troubling news. It was just recently announced that the eurozone has entered another recession, and already the unemployment rate is hitting new record highs… , Inflation Is A Tax And The Federal Reserve Is Taxing The Living Daylights Out Of Us http://albertpeia.com/inflationisatax.htm , Guest Post: Cause, Effects & The Fallacy Of A Return To Normalcy Durden 3-6-12, Market Takes First Big Loss Of 2012 As Investors Eye Greek Debt Swap Forbes , 15 Potentially Massive Threats To The U.S. Economy Over The Next 12 Months http://albertpeia.com/15massivethreatstoeconomy.htm , 1 Through 30 – The Coming U.S. Financial Crisis By The Numbers http://albertpeia.com/1-30usfinancialcrisiscoming.htm , Gallup Finds February US Unemployment Jumps Most Since 2010, Third Consecutive Monthly Increase Durden 3-8-12 , Initial Claims Miss Expectations, Rise For Third Consecutive Week For First Time Since August 2010 Durden 3-8-12 , Greece Has Defaulted - Which Country In Europe Is Next? http://albertpeia.com/greecehasdefaultedwhonext.htm , Five Charts That Prove We’re in a Depression and That the Federal Reserve and Washington Are Wasting Money March 12, 2012 By gpc1981 http://albertpeia.com/usindepressionfedandgovwastingmoney.htm , Broken Promises: Pensions All Over America Are Being Savagely Cut Or Are Vanishing Completely .. this exact scenario is playing out from coast to coast and in the years ahead millions of elderly Americans are going to be affected by broken promises and vanishing pensions.. http://albertpeia.com/uspensionscutorvanishing.htm , America Is Being Transformed From A Wealthy Nation Into A Poor Nation At Breathtaking Speed America is losing wealth far faster than any other nation on earth is. http://albertpeia.com/ustransformedfromwealthytopoor.htm , As US Rakes Largest Monthly Deficit In History, 2012 Tax Revenues Net Of Refunds Trail 2011 Durden 3-12-12 , Guest Post: The Audacity of Bonuses At MF Global Durden 3-12-12 In the spirit of George Orwell’s Animal Farm commandment: “all animals are equal, but some animals are more equal then others” comes the galling news that bankruptcy trustee, Louis Freeh, could approve the defunct, MF Global to pay bonuses to certain senior executives. This, despite the fact that nearly $1.6 billion of customer funds remains “missing” or otherwise partially accounted for, yet beyond the reach of those customers, perhaps forever, since before the firm declared bankruptcy on October 31, 2011... , 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm , S&P Says Improbable Any Economic Improvement Would Bring Back AAA US Rating Durden 3-15-12 Sigh: *S&P says that it is impossible that any economic improvement would bring back the AAA rating *US deficit progress is needed. *Outlook remains negative.- And what do stocks do on latest S&P report that America is broke? Why they surge of course.... , Apple Weakness Due To Removal From Deutsche Bank Short-Term Buy List Durden 3-15-12 , Spanish Housing Re-Plunging Durden 3-15-12 , The "New Normal" American Dream Of Renting Is About To Become Very Expensive Durden 3-15-12 , Goldman Again Selling Russell 2000 To Muppets Durden 3-15-12 , Both The Market and Government Are Irrational Paul Craig Roberts | One of the great economic myths is that markets are rational. Not a day passes without this myth being disproved scores of times, but the myth persists. [ The ‘psychological factor’ has always been a component in the valuation of securities which valuations, good or ill, collectively give rise to the ‘markets’. The mythical part is the presumption of rationality accorded the ‘market-makers’ which, despite their glaring irrationality and propensity for fraud (I’d conservatively say that wall street is comprised predominantly, I’d estimate 90%, of psycho/sociopathic personalities), is still decidedly and pathetically vis-à-vis the rest of the ‘go along to get along’ world, criminally insane wall street. , 80 Percent Of Americans Say That They Are Not Better Off Than They Were Four Years Ago http://albertpeia.com/80percentamericaworsethan4yearsago.htm , Doomsday Survey: 51% of Americans Believe a Financial Collapse Is Imminent Mac Slavo | Most of us believe a doomsday scenario of some kind will occur in the next twenty five years. , Philly Fed Is Out With Latest "Schrodinger" Economy Print Durden 3-15-12 Remember when the Chinese PMI posted both a contraction an expansion for the month of March, with Markit showing a sub-50 contractionary print, while the Chinese version showed 51, or expansion, in other words China was both stagnating and growing at the same time, merely the latest indication of our modern day Schrodinger-ness macro insanity? Well, we just got the US version of this Heisenberg Economic Uncertainty principle, when as part of the just released Philly Fed index (which also printed better than expected despite a drop in New Orders and Shipments), we saw Priced Paid.... tumble from 38.7 to 18.7!!?? Why the surprise? Because 90 minutes prior to this, we just got The New York Fed telling the world that prices paid in fact soared by virtually the highest amount in real terms on record! In other words, in New York survey respondents are experiencing soaring inflation, while 90 miles Southwest, manufacturing firms were awash in deflation. Do they even try to manipulate the data anymore? , Terminated CBO Whistleblower Shares Her Full Story With Zero Hedge, Exposes Deep Conflicts At "Impartial" Budget Office Durden 3-15-12 Earlier today, we suggested that in the aftermath of the Greg "Muppets" Smith NYT OpEd, contrary to assumptions by Jim Cramer, a bevy of potential whistleblowers would step up to tell their tale of fraud and corruption across all walks of life - from Wall Street to, far more importantly, Washington, consequences be damned. This was paralleled by an alleged JPM whisteblower describing to the CFTC the firm's supposedly illegal activities in the precious metals space , Jamie Dimon Warns Employees To Stay Mum On Muppetgate Durden 3-15-12 , From One Ex-Goldmanite To Another: Nomi Prins Statement On Greg Smith's Resignation Durden 3-15-12 I applaud Smith's decision to bring the nature of Goldman's profit-making strategies to the forefront of the global population's discourse, as so many others have been doing through books, investigative journalism, and the Occupy movements over the past decade since my book, Other People's Money, was written after I resigned from Goldman. It would be great if Smith's illuminations would serve as the turning point around which serious examination and re-regulation of the banking system framework would transpire. , As Whistleblowing Becomes The Most Profitable Financial 'Industry', Many More 'Greg Smiths' Are Coming Durden 3-15-12 Minutes ago on CNBC, Jim Cramer announced that Greg Smith will never get a job on Wall Street again as "one never goes to the press. Ever." Naturally, the assumption is that the secrets of Wall Street's dirty clothing are supposed to stay inside the family, or else one may wake up with a horsehead in their bed. There is one small problem with that. Now that compensations on Wall Street have plunged, and terminations are set for the biggest spike since the Lehman collapse, the opportunity cost to defect from the club has also collapsed. And if anything, Greg Smith's NYT OpEd has shown that it is not only ok to go to the press, but is in fact cool. So what happens next? Well, as the following Reuters article reports, 'whistleblowing' over corrupt and criminal practices on Wall Street is suddenly becoming the next growth industry. , Charting The Legacy Of The Baby Boomers Durden 3-15-12 While it is difficult to properly attribute blame for the collapse of the US economy, which commenced in the early 1980s, on either the Fed's policy of easy money starting with Alan Greenspan (and terminating with today's statement by Goldman that merely a suggestion of "not easing" may be equivalent to "tightening" - a symptom of a terminal junkie), or the resultant self-indulgent lifestyle of the maturing baby boomers, one thing is certain: the paradigm downturn of the United States began in the early 1980s. And here we are willing to break the cardinal rule of statistics and assume that correlation does imply causation. Because the 4 simple charts below don't lie: the US economy, as represented by its Balance of Payments, the profligacy of the US consumer, the massive expansion of consumer leverage, and the collapse in US manufacturing jobs, and specifically its current near-terminal state, is as much as legacy of the baby boom generation's actions (and lack thereof), as of everything else that has already been mulled over and scapegoated an infinite number of times in both the mainstream and fringe media. , Muppet-Gate Meets Blank-Berg Durden 3-15-12In one of the strangest headlines from Bloomberg today, MuppetGate takes on a new life...*MAYOR BLOOMBERG MEETS WITH GOLDMAN EMPLOYEES AFTER SMITH OP-ED , Guest Post: Gridlock In DC Durden 3-15-12 The first session of this 112^th Congress was spent with Democrats and Republicans at loggerheads over the debt ceiling, taxes, spending cuts, the deficit super committee, appropriations bills and finally the extension of unemployment compensation and a two-month extension of the payroll tax cut. Standard and Poor's downgrade of the United States' federal debt was due in part to all the haggling over how, and actually whether, to reduce the debt. No One Is Willing to Pay the Political Price to Cut Spending This year Obama asked Congress for, and was given, an additional $1.2 trillion of borrowing authority, which will increase the debt limit to $16.4 trillion, just enough to get him past the 2012 election. It could be close, however. If budget projections prove to be overly optimistic, Obama could face another cliffhanger over a further increase in the debt ceiling in the midst of the presidential election in November. How embarrassing to have to say "re-elect me – and by the way, I need to borrow some more money to pay this month's bills." , The Iceland Financial Renaissance Miracle Continues Durden 3-15-12 , Here Is Why Everything Is Up Today - From Goldman: "Expect The New QE As Soon As April" Durden 3-15-12 Confused why every asset class is up again today (yes, even gold), despite the pundit interpretation by the media of the FOMC statement that the Fed has halted more easing? Simple - as we said yesterday, there is $3.6 trillion more in QE coming. But while we are too humble to take credit for moving something as idiotic as the market, the fact that just today, none other than Goldman Sachs' Jan Hatzius came out, roughly at the same time as its call to buy Russell 2000, and said that the Fed would announce THE NEW QE^TM, as soon as next month, and as late as June. Furthermore, as Goldman has previously explained, sterilization of QE makes absolutely no difference on risk asset behavior, and it is a certainty that the $500-$750 billion in new money (well on its way to fulfilling our expectation of a total $3.6 trillion in more easing to come), in the form of UST and MBS purchases, will blow out all assets across all classes, while impaling the dollar. Which in turn explains all of today's action - dollar down, everything else (including bonds, which Goldman said yesterday to sell which we correctly, at least for now, said was the bottom in rates) up. Finally, as we said, yesterday, "In conclusion we wish to say - thank you Chairman for the firesale in physical precious metals." Because when the market finally understands what is happening, despite all the relentless smoke and mirrors whose only goal is to avoid a surge in crude like a few weeks ago ahead of the presidential election, gold will be far, far higher. Yet for some truly high humor, here is the justification for why the Fed will need to do more QE, even though Goldman itself has been expounding on the improving economy: "The improvement might not last." In other words, unless the "economic improvement" is guaranteed in perpetuity, the Fed will always ease. Thank you central planning - because of you we no longer have to worry about either mean reversion or a business cycle. , Obama Aide Refutes Report On SPR Release Durden 3-15-12 We thought it was getting stupid one post ago., It's Official - US, UK To Release Strategic Oil Stocks Durden 3-15-12 , The Big Fat Greek Lie Is Now Obvious to Spain… So Who’s Next to Default? March 15, 2012 By gpc1981 , The Daily Market Report Mar 15th, 2012 Rising Interest Rates Signal Oncoming Inflation (USAGOLD)

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

IMF agrees to latest Greek bailout The International Monetary Fund agrees to contribute $36B toward the latest bailout of Greece, deepening the agency’s financial exposure to a country that has become one of its most difficult rescue projects. (Washington Post) [ The latest, but not the last!

The Big Fat Greek Lie Is Now Obvious to Spain… So Who’s Next to Default? March 15, 2012 By gpc1981 http://gainspainscapital.com ‘The big fat Greek lie being spread throughout the financial community is that Greece has been saved. It’s a lie for the following reasons:

#1) Greece did in fact default

#2) Greece now has more debt than it did before the bailout (how does writing off €100 billion Euros in debt and taking on €130 billion Euros in more debt improve this situation?)

#3) The Greek economy continues to implode (youth unemployment over 50%, one in ten Greek youth looking for jobs abroad, Greek GDP fell 7% in 4Q11)

#4) This Second Bailout was indeed a “Credit event” which the markets have yet to discount (though German investors are already lining up litigation)

#5) Germany’s finance minister has already admitted Greece may need a third bailout.

Anyone who thinks that Greece is better off, let alone “saved” is out of their minds. The Euro may have been saved for a few more weeks/ months. But Greece is in worse shape than ever.

Indeed, if anything, the Greek situation has made it clear that the whole “give up fiscal sovereignty and implement austerity measures in exchange for bailouts” formula is a waste of time and money. Let’s take a look at the progression here.

1) Greece claims it doesn’t need a bailout at all (January 2010-March 2010)

2) Greece begins to ask for a bailout (April-May 2010)

3) Greece gets a bailout equal to 57% of its GDP (May 2010)

4) Greece posts a GDP of -4% in 2010

5) Greece announces it won’t be able to meet budget requirements/ payback the first bailout on time and asks for an extension (January-February 2011)

6) Greece asks for another extension (May 2011)

7) Talk of Second Greek Bailout begins (July –October 2011)

8) Greece posts a GDP of -6.5% in 2011

9) Second Greek bailout announced/ finalized (February/March 2012)

10) Talk of third Greek bailout begins (March 2012)

No other EU country could look at this progression and think “this looks like a good approach.” Indeed, Spain and Italy must be watching what’s happening in Greece and asking themselves whether they want to go through this whole process of negotiating for bailouts via austerity measures.

Both countries have already had a small sampling of the austerity measure medicine. Spain recently implemented a meager 19€ billion in austerity measures while Italy passed 30€ billion in austerity measures in 2011… hardly a drop out of their respective 1.06€ trillion and 1.5€ trillion economies.

Yet, even these tiny moves resulted in protests and riots. One can only imagine what Spanish and Italian politicians are thinking as they witness the widespread civil unrest, country-wide strikes, and economic depression that have occurred in Greece as a result of that country’s full commitment to the EU’s austerity measure demands.

Spain’s official Debt to GDP is only 64%, but its private sector debt is at an astounding 227% of GDP. And the Spanish banking system is leveraged at 19 to 1 (worse than Greece).

Moreover, the country is already experiencing an economic Crisis with an unemployment rate of 20+% and an economy that has been contracting since mid-2011 (in fact Spain’s GDP just actually went negative in the first quarter of 2012)…

Indeed, Spain’s recent efforts to tell the EU to “shove it” have put a crack in the Eurogroup power over individual EU members that can quickly widen.

Spain’s sovereign thunderclap and the end of Merkel’s Europe

As many readers will already have seen, Premier Mariano Rajoy has refused point blank to comply with the austerity demands of the European Commission and the European Council (hijacked by Merkozy).

Taking what he called a “sovereign decision”, he simply announced that he intends to ignore the EU deficit target of 4.4pc of GDP for this year, setting his own target of 5.8pc instead (down from 8.5pc in 2011).

In the twenty years or so that I have been following EU affairs closely, I cannot remember such a bold and open act of defiance by any state. Usually such matters are fudged. Countries stretch the line, but do not actually cross it.

With condign symbolism, Mr Rajoy dropped his bombshell in Brussels after the EU summit, without first notifying the commission or fellow EU leaders. Indeed, he seemed to relish the fact that he was tearing up the rule book and disavowing the whole EU machinery of budgetary control.

http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100015432/spains-sovereign-thunderclap-and-the-end-of-merkels-europe/

The EU rejected this (of course) and Spain has since agreed to meet softer budgetary requirements. But it’s clear that a shift has begun in how EU members will deal with the Eurogroup as a whole.

So… we must consider that it is highly likely the option of simply defaulting is being discussed at the highest levels of the Spanish and Italian government…’

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Organized subsidies Union work done on the taxpayers’ dime. (Washington Post) [And unaffordably uneconomic at that; but, this election year desperation allows for such folly despite the defacto bankruptcy of the nation. ., { to pad stats - Drudgereport: Obama Economists Admit: 'Stimulus' Cost $278,000 per Job... } and those unaffordably costly cars { to pad sales - Drudgereport (on Government Motors): REPORT: Chevy Volt Costing Taxpayers Up to $250K Per Vehicle... CAVUTO: Volt sales inflated with taxpayer fleet buys... } Is the unemployment rate misleading? WONKBLOG | Some point out that it doesn’t count those who’ve given up looking for work. (Washington Post) [ Duh! Ya think? I don’t even buy their raw numbers; and, even if, arguendo, their raw numbers real, they are election year expedient at best for ‘reporting purposes’ and uneconomic, overcostly, and very, very temporary http://albertpeia.com/governmentfraudulentemploymentstats.htm . White House was warned about Solyndra layoffs E-mails show Energy Dept. asked firm in October 2010 to delay news of layoffs until after midterm vote. (Washington Post) [ Those unaffordably costly jobs and those unaffordably costly military industrial complex welfare programs . The ‘so-called improvement’? At what cost for election appearances only? ***? Milbank: Obama’s budget games He avoided anything resembling a serious proposal. (Washington Post) [ I’m totally astounded! I really am! I even checked / refreshed to see if this was a print / display error! Praise the Lord! It’s true! Criticism of his much-loved wobama! Even pinched myself to see if I was dreaming. Who woulda think it? Tough love? I’d say we’ll happily take any criticism of wobama by Mr. Milbank as welcomed and nothing short of a monumental breakthrough, whatever the reason. But indeed Mr. Milbank’s quite right and the context is surely typical wobama election-year b***s***!

80 Percent Of Americans Say That They Are Not Better Off Than They Were Four Years Ago http://theeconomiccollapseblog.com http://albertpeia.com/80percentamericaworsethan4yearsago.htm

‘Are you better off today than you were four years ago? If not, then you are just like most other Americans. According to a CBS News/New York Times poll that was released a few days ago, 80 percent of Americans say that their financial situation is not "better today" than it was four years ago. But if you turn on the television and listen to what the "pundits" are saying, you would be tempted to think that we were in the midst of a robust economic recovery. You would be tempted to think that the U.S. economy is in great shape and that we are heading for a really bright future. But the fact that the stock market is soaring does not mean much to most Americans. In fact, most Americans couldn't care less that the Dow is well above 13,000 and that the NASDAQ is above 3,000. What most Americans care about is having a job and being able to provide for their families. If you haven't paid the mortgage in three months or if you don't have enough money to take your daughter to go see the doctor it really is not going to matter to you how well the boys and girls over on Wall Street are doing. Right now most American families are doing worse than they were doing four years ago, and no amount of media hype is going to change that fact.

Yes, the stock market is doing really well for the moment, but the truth is that more than 50 percent of all stocks and bonds are owned by just 1 percent of the U.S. population.

Good for them. It looks like the trillions of dollars that the Federal Reserve poured into the big Wall Street banks is really paying off nicely for the financial community.

Meanwhile, much of the rest of the country is deeply suffering.

It was recently reported that 1.5 million American families live on less than two dollars a day (before counting government benefits).

That is horrifying.

According to the U.S. Census Bureau, the percentage of Americans living in "extreme poverty" is now sitting at an all-time high.

All across this country poverty is exploding. Food banks are experiencing more demand than ever before and those offering free healthcare are absolutely swamped.

And every single measure of government dependence has gone way up since Barack Obama entered the White House.

For example, since Barack Obama became president the number of Americans on food stamps has gone up by 45 percent.

Just think about that.

At this point the federal government is helping to feed an all-time record 46.5 million Americans every month.

Oh yeah, times are good.

According to the U.S. Census Bureau, 49 percent of all Americans live in a home that receives direct monetary benefits from the federal government.

That is much higher than it has been historically.

For example, back in 1983 less than a third of all Americans lived in a home that received direct monetary benefits from the federal government.

The big problem is that there are simply not enough jobs for everyone.

Listening to the media, you would be tempted to think that the U.S. economy is now pumping out huge numbers of good jobs.

But that is simply not the case.

Right now there are 5.6 million fewer jobs than there were when the last recession began back in late 2007.

So where are the millions of jobs you promised us Obama?

The federal government is trying to convince us that the unemployment rate is going down, but that is not really true.

The key is to look at the percentage of working age Americans that actually have jobs. During the last recession that percentage fell dramatically as you can see from the chart below. After every other recession since World War II the employment to population ratio has always bounced back. But it has not happened this time. Instead, the employment to population ratio has remained between 58 and 59 percent since the end of 2009....

We have not had a jobs recovery. Hopefully we will have one before the next recession hits, but we are running out of time for that.

Tonight there are millions upon millions of hard working Americans that are staring at their television screens and wondering why they can't find good jobs. The pretty people on television are telling them that the employment situation is getting much better but they can't find work no matter how hard they try. It is a cruel joke on them.

When Barack Obama entered the White House, the number of "long-term unemployed workers" in the United States was approximately 2.6 million. Today, that number is sitting at 5.6 million.

Thanks for the improvement Obama.

Meanwhile, the average duration of unemployment continues to hover near a record high. Just look at the chart posted below. Does this look like a "jobs recovery" to you?....

But of course Obama and those that support him want to make things sound like they are getting better. They want people to run out and vote for him again in November.

If things are going well for you right now, be thankful, and also remember the millions upon millions of Americans out there that are deeply hurting in this economy.

If you gathered together all of the workers that are "officially" unemployed in the United States at this point into one nation, they would constitute the 68th largest country in the entire world. It would be a nation larger than Greece or Portugal.

That is a lot of people.

Obama promised us that the Wall Street bailouts would make everything better. He promised us that if we poured gigantic mountains of money into Wall Street that it would end up helping "Main Street".

Well, the last time I looked Goldman Sachs was doing just fine.

So where is the help for Main Street?

In the United States today, the wealthiest one percent of all Americans have a greater net worth than the bottom 90 percent combined.

How much wealthier do they have to get before they start creating more jobs for the rest of us?

Obama (like most of our politicians) is a complete fraud when it comes to the economy. He is all saddle and no horse. He talks a good game but he doesn't have any game.

As Wall Street has recovered, the rest of the country has actually been in decline. Median household income in the United States is down 7.8 percent since December 2007 after adjusting for inflation. Millions of American families are reaching the breaking point and millions of other families have already reached it.

Incomes have been declining but the cost of living has not.

For example, health insurance costs have risen by 23 percent since Barack Obama became president.

Has your paycheck increased by 23 percent?

The average price of a gallon of gasoline in the United States has increased by more than 90 percent since Barack Obama became president.

Has your paycheck increased by 90 percent?

Millions of American families have lost their homes while Obama has been president and millions more will soon lose their homes. At this point there are more than 6 million mortgages in the United States that are overdue.

It is a horrible, horrible feeling to know that you can't pay your mortgage and that you will soon lose your home and your family will be put out on the street.

None of us would ever want to end up in that situation.

And the housing market sure has not shown any signs of recovery under Barack Obama.

In January, U.S. home prices were the lowest that they have been in more than a decade.

Weren't home prices and home sales supposed to be turning around by now?

Under Barack Obama, new home sales in the United States set a brand new all-time record low in 2009, they set a brand new all-time record low again in 2010, and they set a brand new all-time record low once again during 2011.

That trend is not going in the right direction.

Of course Barack Obama is not solely responsible for the performance of the U.S. economy. Congress should share part of the blame as well, and the Federal Reserve is more responsible for our economic performance than anyone else is.

But one area where Barack Obama has had a huge impact is in the area of government spending.

While Barack Obama has been president, the U.S. national debt has risen from 10.6 trillion to 15.5 trillion.

Thanks Obama.

During the first three years of the Obama administration, the U.S. government has accumulated more debt than it did between 1776 and 1995.

So is Obama planning a change of course?

Of course not.

At this point, our national debt is increasing by about 150 million dollars every single hour.

So should we be thanking Obama for stealing 150 million dollars from our children and our grandchildren every hour?

Should we be thanking Obama for ruining our future?

I think not.

But you know what?

According to the CBS News/New York Times poll mentioned above, about half of America would actually vote for Obama if the next presidential election was held today.

That alone is a clear sign that this country is in a massive amount of trouble.

The truth is that the leaders we elect are an accurate reflection of who we are as a country.

And when you look at the collection of misfits in Washington D.C. right now, that does not say a lot about the character of this nation.

So where does America go from here?

That is up to you America.’

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

S&P Says Improbable Any Economic Improvement Would Bring Back AAA US Rating Durden 3-15-12 Sigh:

S&P says that it is impossible that any economic improvement would bring back the AAA rating

US deficit progress is needed.

Outlook remains negative.

And what do stocks do on latest S&P report that America is broke? Why they surge of course....

80 Percent Of Americans Say That They Are Not Better Off Than They Were Four Years Ago http://albertpeia.com/80percentamericaworsethan4yearsago.htm

Both The Market and Government Are Irrational Paul Craig Roberts | One of the great economic myths is that markets are rational. Not a day passes without this myth being disproved scores of times, but the myth persists. [ The ‘psychological factor’ has always been a component in the valuation of securities which valuations, good or ill, collectively give rise to the ‘markets’. The mythical part is the presumption of rationality accorded the ‘market-makers’ which, despite their glaring irrationality and propensity for fraud (I’d conservatively say that wall street is comprised predominantly, I’d estimate 90%, of psycho/sociopathic personalities), is still decidedly and pathetically vis-à-vis the rest of the ‘go along to get along’ world, criminally insane wall street. { The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal } It should be obvious by now, particularly with the advent of ubiquitous, lightning fast programmed computerization, that the markets are fraudulently manipulated in a bigger way now than ever; and, not without great cost ultimately to muppets / taxpayers like you, whether in the markets or not.They do it for the money; and, sick as they are, to be screwin’ at least someone all of the time which perversely gives them pleasure! ]

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

U.S. trade deficit widened to $124.1 billion / Wholesale prices increase by most in 5 months (Washington Post) [ The aforesaid among other clear economic negatives the direct consequence of the contraindicated wall street welfare in the form of fed QE’s, etc.. Why is anybody dumb enough to be buying their bs particularly in this election year and the desperation attendant thereto. Goldman executives dispute ‘toxic’ culture claims (WP) Yeah, riiiiight! As if anyone expected these lying frauds to prostrate themselves before the court of public opinion as if an episode of tv’s Perry Mason and admit their guilt. These are hardened psycho/sociopaths who should be in prison. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ECRI Stays with Recession Call New American | The vicious cycle is starting where lower sales, lower production, lower employment and lower income [leads] back to lower sales…BOB ADELMANN New American 3-13-12 http://albertpeia.com/ecricallsrecession.htm , STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm ] This is an especially great opportunity to sell / take profits with stocks floating on air in contraindicated ‘Weimar dollar bubble rally’ as preceded last crash. Suckers’ rally into the close off lows. They’re loving Apple to death on wall street which is a testament to the pathetic state of american and world technology which is horrendous. As my first computer (AppleIIc, 1986) I’m glad they survived but they’re way, way over-valued. Aside from the IPAD (at best and even that’s a stretch, and past history at that), there’s really nothing there, which is a testament to the stupidity of american consumers particularly. Come on! Wake up! What total frauds! 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm **Guest Post: Money from Nothing - A Primer on Fake Wealth Creation and its Implications (Part 2) ZeroHedge.com 3-14-12 ‘Only in a debt-based money system could debt be curiously cast as an asset. We’ve made “extend and pretend” a quaint phrase for a burgeoning market for financial lying and profiteering aimed toward preventing the collapse of a debt- (or lack-) based system that was already doomed by its initial design to collapse.’ Election year temp jobs, trade deficit up, GDP projection down, business inventories miss, manipulations, obfuscations…** Dave’s Daily: http://www.etfdigest.com STOCK RALLY FADES WITH CDS ISSUE 3-9-12 [ Dave astutely points out: “Jobless Claims Thursday were weaker than expected (362K vs 351K expected and prior revised higher to 354K). Did you know that prior weekly Jobless Claims data has been revised higher 100% of the time over the past two years? How does that happen this consistently?” – Which I refer to as the ‘data ponzi scheme’ wherein new fake data is used to buoy markets as prior reported fake data is reconciled closer to reality. ] Does China's Forex Policy Beggar Its Neighbors? The Wall Street Journal [ Are you sure the author didn’t mean ‘bugger its neighbors’? Sounds like it; but, it’s really all about cost structures which are far less in China which is the primary reason for China’s export success. Manipulation of currencies is an artifice that the west will ultimately prove does not work at all (all that over-printing / creating of fiat Weimar paper currencies is a time-tested loser).]Rumor planted by fed of QE3 light spurs rally, not the fake, uneconomic jobs estimate from jersey adp for election year spin purposes which only fools believe. How desperate and pathetic! For those who think this money-printing out of thin air is without cost, you’re in for a worse than rude awakening. The global markets have become a joke! This is a ‘full press’ as in ‘fiat paper printing presses in overdrive’ debased Weimar dollars / currencies that will end quite badly so take this opportunity to take profits while you can. The manipulated, contrived, and fake data has all been unaffordably ‘electioneared’ for ‘electionyeared’ spin and propaganda. Don’t be their fool! The full moon previously helped keep the contraindicated lunatics’ huge suckers’ rally going with across the board media et als complicity (infra). But not quite … reality (will) catch(es) up … you know the drill … typical suckers’ surge into the close off lows, etc.. Today’s data looked pretty bad to me, even with the manipulations/spin otherwise, ie., Durable goods orders drop by most in 3 years AP , etc.. Then there was previously the manipulated revision to make this month’s distressed, foreclosure sales (backlog) look better. Total scam! This will all end quite badly and is much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles. { http://albertpeia.com/todaysbusinesssummarylinks.htm - today’s business summary links only, by day – scroll down as well for today’s links and for more complete context – Encouraged and recommended! } This global suckers’ rally is based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare (which is being injected sub rosa, see infra), bad news, fraud, bs, and desperation alone, as suckers’ rallies ushered in the new year in a most preposterous fashion [Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’ for the superstitious so-called ‘January effect’ based on based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, bs, and desperation alone to suck suckers in and keep suckers sucked in! Don’t be their fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s using the up moves to reduce risk assets / stocks / exposure, in other words, he’s selling the rallies which is sound advice [3-12-12: I’ve previously recommended this business report; but, like everything in america, it’s gotten so bad as in the first 30 minutes I calculated approximately 6 minutes of business report and the balance predominantly advertising and some cbs network stuff before I had to turn it off – I might listen again in a year, if at all. Terrible! ]. The fundamentals/realities, current and prospective, are worse than ever. There are no systems/formulas for these unprecedentedly dire times. Don’t be their sucker! This is an especially great opportunity to sell / take profits because there’s much, much worse to come! Here’s a simple chart of the Dow’s history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als.] with lingering intoxication an explanation as the printing presses and issuance of worthless insurmountable debt paper are in full throttle globally (a testament to global blindness as the blind follow the blind) making this impending disaster at this time an especially great opportunity to sell / take profits because there’s much, much worse to come! jersey-lautenberg based adp with 100% better than expectations private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce department data? Labor dept. ue claims / ue numbers? Only a fool believes what they say! ( After One Month Respite, Pink Slips Are Flying Again Durden , Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Durden on 01/06/2012 .. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg , ) The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , ‘…technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57…’ , The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm Why earnings will continue to decline MarketWatch , 10 Things That Every American Should Know About The Federal Reserve Eco.Coll.Blog http://albertpeia.com/10thingsmustknowaboutfedreserve.htm #1 The Federal Reserve System Is A Privately Owned Banking Cartel #2 The Federal Reserve System Is A Perpetual Debt Machine #3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar #4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability #5 The Federal Reserve Is Paying Banks Not To Lend Money #6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging #7 The Federal Reserve System Is Dominated By The Big Wall Street Banks #8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913 #9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence #10 The Federal Reserve Has Become Way Too Powerful , A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm Any financial system that is based on debt is doomed to fail. Today, we are living in the greatest debt bubble that the world has ever seen … , Despite Two Thirds Of Components Declining, Empire Fed Prints At Highest Since June 2010 ZeroHedge | Chalk this one to “seasonal adjustments” or something, cause we no longer have any clue what is going on with the data fudging in America. , 20 Signs You Might Be A Typical American Worker http://albertpeia.com/20signsoftypicalamericanworker.htm , 10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm , 8 Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default http://albertpeia.com/8reasonsgreekdebtdefaultstillcoming.htm , 55 Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm ‘How is the U.S. economy doing in 2012? Unfortunately, it is not doing nearly as well as the mainstream media would have you believe. Yes, things have stabilized for the moment but this bubble of false hope will not last for long. The long-term trends that are ripping our economy and our financial system to shreds continue unabated. When you step back and look at the broader picture, it is hard to deny that we are in really bad shape and that things are rapidly getting worse. Later on in this article you will find a list of interesting facts that show the true state of the U.S. economy… , http://albertpeia.com/debtpercapita.jpg , Double-dip recession setting in across eurozone: EU Thomson | AFP , America 1950 vs. America 2012 http://albertpeia.com/downhillslideofamerica.htm , Society’s Five Stages of Economic Collapse http://albertpeia.com/5stagesofcollapse.htm David Meyer shtfplan.com March 1, 2012 , No Housing Recovery - Case Shiller Shows 8th Consecutive Month Of House Price Declines Durden 2-28-12 Little that can be added here. The December Case Shiller came, saw, and shut up all those who keep calling for a home price recovery. The Index printed at 136.71 on expectations of 137.11, with the prior revised to 138.24. The top 20 City composite was down -0.5% on expectations of a 0.35% drop. 18 out of 20 MSAs saw monthly declines in December over November… , Goldman: Germany Is Now On The Hook By €1 Trillion (Or 40% Of GDP) Durden, , 20 Economic Statistics To Use To Wake Sheeple Up From Their Entertainment-Induced Comas http://albertpeia.com/20ecostatstowakesheeple.htm , Central bank balance sheet expansion since end 2007 Mar 1st, 2012 by News (ZeroHedge) — SNB +230%; Fed +222%, BOJ +125%, BOE +87%, PBOC +93%, ECB +51%. USA Gold / PG View: Pretty strong evidence that the rally in bonds — and by extension the rally in stocks — is nothing but a charade. , 10.7 Percent: Unemployment In Europe Is Worse Than It Was At The Peak Of The Last Recession http://albertpeia.com/europeunemploymentworsethanrecession.htm The unemployment rate in the eurozone is now 10.7 percent. That is the highest the unemployment rate has been since the introduction of the euro. The unemployment rate in the eurozone never got any higher than 10.2 percent during the last recession. This is very troubling news. It was just recently announced that the eurozone has entered another recession, and already the unemployment rate is hitting new record highs… , Inflation Is A Tax And The Federal Reserve Is Taxing The Living Daylights Out Of Us http://albertpeia.com/inflationisatax.htm , Guest Post: Cause, Effects & The Fallacy Of A Return To Normalcy Durden 3-6-12, Market Takes First Big Loss Of 2012 As Investors Eye Greek Debt Swap Forbes , 15 Potentially Massive Threats To The U.S. Economy Over The Next 12 Months http://albertpeia.com/15massivethreatstoeconomy.htm , 1 Through 30 – The Coming U.S. Financial Crisis By The Numbers http://albertpeia.com/1-30usfinancialcrisiscoming.htm , Gallup Finds February US Unemployment Jumps Most Since 2010, Third Consecutive Monthly Increase Durden 3-8-12 , Initial Claims Miss Expectations, Rise For Third Consecutive Week For First Time Since August 2010 Durden 3-8-12 , Greece Has Defaulted - Which Country In Europe Is Next? http://albertpeia.com/greecehasdefaultedwhonext.htm , Five Charts That Prove We’re in a Depression and That the Federal Reserve and Washington Are Wasting Money March 12, 2012 By gpc1981 http://albertpeia.com/usindepressionfedandgovwastingmoney.htm , Broken Promises: Pensions All Over America Are Being Savagely Cut Or Are Vanishing Completely .. this exact scenario is playing out from coast to coast and in the years ahead millions of elderly Americans are going to be affected by broken promises and vanishing pensions.. http://albertpeia.com/uspensionscutorvanishing.htm , America Is Being Transformed From A Wealthy Nation Into A Poor Nation At Breathtaking Speed America is losing wealth far faster than any other nation on earth is. http://albertpeia.com/ustransformedfromwealthytopoor.htm , As US Rakes Largest Monthly Deficit In History, 2012 Tax Revenues Net Of Refunds Trail 2011 Durden 3-12-12 , Guest Post: The Audacity of Bonuses At MF Global Durden 3-12-12 In the spirit of George Orwell’s Animal Farm commandment: “all animals are equal, but some animals are more equal then others” comes the galling news that bankruptcy trustee, Louis Freeh, could approve the defunct, MF Global to pay bonuses to certain senior executives. This, despite the fact that nearly $1.6 billion of customer funds remains “missing” or otherwise partially accounted for, yet beyond the reach of those customers, perhaps forever, since before the firm declared bankruptcy on October 31, 2011... , 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.com , The Real Problem At Goldman Sachs? You, The Muppet Client Forbes , Guest Post: Money from Nothing - A Primer on Fake Wealth Creation and its Implications (Part 2) ZeroHedge.com 3-14-12 Only in a debt-based money system could debt be curiously cast as an asset. We’ve made “extend and pretend” a quaint phrase for a burgeoning market for financial lying and profiteering aimed toward preventing the collapse of a debt- (or lack-) based system that was already doomed by its initial design to collapse. , The Big Fat Greek Lie Is Now Obvious to Spain… So Who’s Next to Default? March 15, 2012 By gpc1981 http://gainspainscapital.com ‘The big fat Greek lie being spread throughout the financial community is that Greece has been saved. It’s a lie for the following reasons: #1) Greece did in fact default #2) Greece now has more debt than it did before the bailout (how does writing off €100 billion Euros in debt and taking on €130 billion Euros in more debt improve this situation?) #3) The Greek economy continues to implode (youth unemployment over 50%, one in ten Greek youth looking for jobs abroad, Greek GDP fell 7% in 4Q11) #4) This Second Bailout was indeed a “Credit event” which the markets have yet to discount (though German investors are already lining up litigation) #5) Germany’s finance minister has already admitted Greece may need a third bailout. , U.S. Current Account Deficit Likely to Go Wider The Wall Street Journal , ‘.. Finding that while markets may be in rally mode, analysts are still fretful about near term sales momentum at these large multinationals. Currently, they expect the average Dow company to post only a 3.6% sales “Comp” in Q1 2012 versus last year, or 5.0% for the non-financial companies in the index. That is the lowest expected growth rate for the current quarter since we started keeping tabs on what the analysts had in their models a year ago.. Sell in May and go away? Only 31 trading days left until May 1st. ’ , Elijah Cummings Is First Political Muppet To Issue Goldman Op-Ed Response Durden 3-14-12 It was literally a matter of hours following the release of the now historic Greg Smith "Muppets" Op-Ed, before the true criminals enabling the slow motion trainwreck of the Keynesian klepto-fascist experiment became heard. , Commodities Crumble As Stocks Ignore Treasury Selling Durden 3-14-12 , Fitch Revises UK Outlook To Negative From Stable, Keeps Country At AAA Durden 3-14-12 In keeping with the tradition of waking up to reality with a several month delay on downgrades (if being the first to upgrade insolvent Eurozone members), here comes Fitch, to boldly go where Moody's went long ago. -UNITED KINGDOM L-T IDR OUTLOOK TO NEGATIVE FROM STABLE BY FITCH -FITCH AFFS UNITED KINGDOM AT 'AAA'; REVISES OUTLOOK TO NEGATIVE As a reminder, UK consolidated debt/GDP is... oh... ~1000% , What Closing The Straits Of Hormuz Will Mean In 3 Simple Charts Durden 3-14-12 , Guest Post: The Vampire Squid’s Problems Durden 3-14-12 Smith’s sentiments are appreciated, but actually he is wrong about a fundamental point, at least in today’s business environment. Goldman doesn’t have to give a damn about its clients because the vampire squid has found a much more lucrative way of insuring their bottom line: government largesse. , On This Day In History.... Gas Prices Have Never Been Higher Durden 3-14-12 , 30 Year Prices At Highest Yield Since August 2011 Durden 3-14-12 , Official Memo From Lloyd And Gary To Employees: "89% Of You Provide Exceptional Services To Clients" Durden 3-14-12 The Greg Smith drama refuses to go away (probably for a reason). Earlier, we presented a spoof response from a spoof Goldman CEO. Now, courtesy of the WSJ, here is the real memo sent out from Lloyd and Gary to employees in which we learn that "89% of Goldman employees self reported they provide exceptional services to their clients." But what about the remaining 11%? Because out of 10 employees, just one is required to rob a client, whatever that means these days anyway, blind. Oddly enough, didn't CFA Magazine just find that 10% of all Wall Streeters are psychopaths? , Biderman on Dow 6000 Durden 3-14-12 The storm clouds gathering behind Charles Biderman, CEO of TrimTabs, are a perfect analogy for his fascinating treatise on the key to long term bull markets and why the Dow could get cut in half. Bringing together the critical fundamental driver of P/E multiples - income growth in his view - and the historically most critical secular shift of this fundamental driver - communications breakthroughs, Biderman remains calm (for once) in his explanation for why the current low levels of income growth mean that should a new reality of less Fed exuberance (or a belief in less Fed exuberance) occur, the Dow will go to 6000 as he sees little evidence of technological innovations of the scale needed to lead the next 25 years secular bull market. , Farage On Europe: Determined But Delusional Durden 3-14-12 , It's Official - Apple Is Now Bigger Than The Entire US Retail Sector Durden 3-14-12 A company whose value is dependent on the continued success of two key products, now has a larger market capitalization (at $542 billion), than the entire US retail sector (as defined by the S&P 500). Little to add here. [ I would say 1 key product and even that’s old news and with any even limited competence can easily be duplicated by competition ] , Russia Discloses The Iran Ultimatum: Cooperate Or Be Invaded By Year End Durden 3-14-12 In what can only be seen as raising the rhetoric bar on the timing, scale, and seriousness of the Iran 'situation', Kommersant is reporting that "Tehran has one last chance" as US Secretary of State Clinton asks her Russian counterpart Sergei Lavrov to relay the message to Iranian leaders. If this 'last chance' is wasted an attack will happen in months as diplomats noted that the probability of an Israel/US attack on Iran is now a specific 'when' instead of an indefinite 'if'. The sentiment is best summarized by a quote from inside the meeting "The invasion will happen before year’s end. The Israelis are de facto blackmailing Obama. They’ve put him in this interesting position – either he supports the war or loses the support of the Jewish lobby". Russian diplomats, as Russia Today points out, criticized the 'last chance' rhetoric as unprofessional suggesting "those tempted to use military force should restrain themselves - a war will not solve any problems, but create a million new ones." , Ron Paul’s Economic Platform Cheered by ‘Black Swan’ Author Ron Paul 2012 | 2012 Republican Presidential candidate Ron Paul’s economic platform of fiscal restraint was praised today by one of the world’s premier risk managers. , American flag with President Obama’s image sparks outrage at Florida Democrats FoxNews.com | An American flag with President Obama’s image in place of the stars flew over a Florida county’s Democrat headquarters. The Obama Flag: Who Decided That It Was Okay To Replace The Stars On The American Flag With The Face Of Barack Obama? http://endoftheamericandream.com http://albertpeia.com/monkeyflag.htm [Aside from the desecration issues, from a purely aesthetic perspective, that picture on the flag of that ugly monkey obama is an absolute disgrace and affront to any rational person’s aesthetic sensibilities!]

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Goldman executives dispute ‘toxic’ culture claims (Washington Post) [ Yeah, riiiiight! As if anyone expected these lying frauds to prostrate themselves before the court of public opinion as if an episode of tv’s Perry Mason and admit their guilt. These are hardened psycho-sociopaths / criminals who should be in prison. Their (expected) denials don’t change the reality of what they are and the damage that they’ve done and continue to do. 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! Moreover, though goldman egregiously and particularly, sadly but realistically it’s not just goldman! ]

http://theeconomiccollapseblog.com

http://albertpeia.com/americabetterwithoutgoldmansachs.htm

‘Would America be a better place without Goldman Sachs? Of course it would. The "vampire squid" of Wall Street does not care about the future of America. Sadly, Goldman Sachs apparently does not even care much about their own clients. What Goldman Sachs is all about is making as much money as humanly possible. In the end, there is nothing wrong with making money, but there are constructive ways to make money and there are destructive ways to make money. Unfortunately, Goldman Sachs seems to find the destructive path almost irresistible. { I think the author here misses the point that it’s also the easiest, fastest, and most lucrative way to make exceedingly large amounts of money for themselves to the detriment of others } Greg Smith, the head of the U.S. equity derivatives business for Goldman Sachs in Europe, the Middle East and Africa made headlines all over the world on Wednesday when he resigned publicly from Goldman Sachs in a scorching editorial in the New York Times. Smith said that he could "honestly say that the environment now is as toxic and destructive as I have ever seen it". Considering what we know has gone on at Goldman over the past decade, that is very frightening to hear. So could this be the beginning of the end for Goldman Sachs? And if it is, will America be a better place when Goldman is gone?

You would think that at some point clients of Goldman would become so sick and tired of the stories of corruption coming out of the firm that they would simply walk away.

Unfortunately, corruption is so endemic on Wall Street that Goldman Sachs really does not seem out of place. The truth is that a lot of the things that are said about Goldman could also be said about JPMorgan Chase, Bank of America, Citigroup and Morgan Stanley.

But in recent years Goldman Sachs has truly become a national symbol of what is wrong with our financial system. As the American people become fed up with institutions such as Goldman, hopefully we will start to see some of them disappear.

The following are 11 reasons why America would be a better place without Goldman Sachs....

#1 Even after all of the negative publicity we have seen in recent years, Goldman Sachs appears to not have learned any lessons. The following is how Greg Smith described the three ways to get ahead at Goldman Sachs....

"What are three quick ways to become a leader? a) Execute on the firm’s “axes,” which is Goldman-speak for persuading your clients to invest in the stocks or other products that we are trying to get rid of because they are not seen as having a lot of potential profit. b) “Hunt Elephants.” In English: get your clients — some of whom are sophisticated, and some of whom aren’t — to trade whatever will bring the biggest profit to Goldman. Call me old-fashioned, but I don’t like selling my clients a product that is wrong for them. c) Find yourself sitting in a seat where your job is to trade any illiquid, opaque product with a three-letter acronym."

#2 Goldman Sachs is one of the too big to fail banks and those banks just keeping getting bigger than ever. Back in 2002, the top 10 U.S. banks controlled 55 percent of all U.S. banking assets. Today, the top 10 U.S. banks control 77 percent of all U.S. banking assets. So if we couldn't afford to let them fail back in 2008 because they were so big, why did we allow them to become even larger?

#3 The Federal Reserve shows great favoritism to big Wall Street banks such as Goldman Sachs. For example, between December 1, 2007 and July 21, 2010 the Federal Reserve made 814 billion dollars in secret loans to Goldman Sachs.

#4 Goldman Sachs is at the heart of the derivatives bubble that threatens to throw the entire global financial system into chaos. At this point, Goldman Sachs has over 53 trillion dollars of exposure to derivatives.

According to the New York Times, the big Wall Street banks completely control derivatives trading. In fact, the New York Times says that representatives from JPMorgan Chase, Goldman Sachs, Morgan Stanley, Bank of America and Citigroup hold a secretive meeting each month to coordinate their domination over the derivatives market....

On the third Wednesday of every month, the nine members of an elite Wall Street society gather in Midtown Manhattan.

The men share a common goal: to protect the interests of big banks in the vast market for derivatives, one of the most profitable — and controversial — fields in finance. They also share a common secret: The details of their meetings, even their identities, have been strictly confidential.

#5 Goldman Sachs was at the very heart of the financial crisis of 2008 which plunged the entire global economy into a very deep recession. In the years leading up to the financial crisis of 2008, Goldman Sachs was putting together mortgage-backed securities that they knew were garbage and they marketed them to investors as AAA-rated investments. On top of that, Goldman then often made huge bets against those exact same securities which turned out to be extremely profitable when those securities crashed and burned.

The following is how the New York Times described what was going on at the time....

"Goldman was not the only firm that peddled these complex securities — known as synthetic collateralized debt obligations, or C.D.O.’s — and then made financial bets against them, called selling short in Wall Street parlance. Others that created similar securities and then bet they would fail, according to Wall Street traders, include Deutsche Bank and Morgan Stanley, as well as smaller firms like Tricadia Inc."

Sylvain Raynes, an expert in structured finance at R & R Consulting in New York, said at the time that he was absolutely shocked by what Goldman was doing....

"The simultaneous selling of securities to customers and shorting them because they believed they were going to default is the most cynical use of credit information that I have ever seen"

#6 Goldman Sachs played a huge role in getting Greece, Italy and several other European nations into so much debt. The following is an excerpt from an article by Andrew Gavin Marshall....

In the same way that homeowners take out a second mortgage to pay off their credit card debt, Goldman Sachs and JP Morgan Chase and other U.S. banks helped push government debt far into the future through the derivatives market. This was done in Greece, Italy, and likely several other euro-zone countries as well. In several dozen deals in Europe, “banks provided cash upfront in return for government payments in the future, with those liabilities then left off the books.” Because the deals are not listed as loans, they are not listed as debt (liabilities), and so the true debt of Greece and other euro-zone countries was and likely to a large degree remains hidden. Greece effectively mortgaged its airports and highways to the major banks in order to get cash up-front and keep the loans off the books, classifying them as transactions.

#7 Goldman Sachs is working very hard to help state and local governments sell off our highways, water treatment plants, libraries, parking meters, airports and power plants to the highest bidder. Much of the time foreigners are the highest bidders for these precious infrastructure assets.

The following is how Dylan Ratigan described what is going on....

On Wall Street, setting up and running “Infrastructure Funds” is big business, with over $140 billion run by such banks as Goldman Sachs, Morgan Stanley, and Australian infrastructure specialist Macquarie. Goldman’s 2010 SEC filing should give you some sense of the scope of the campaign. Goldman says it will be involved with “ownership and operation of public services, such as airports, toll roads and shipping ports, as well as power generation facilities, physical commodities and other commodities infrastructure components, both within and outside the United States.” While the bank sees increased opportunity in “distressed assets” (ie. Cities and states gone broke because of the financial crisis), the bank also recognizes “reputational concerns with the manner in which these assets are being operated or held.”

#8 At the same time that Goldman Sachs is causing all sorts of trouble for everyone else, their employees are making crazy amounts of money. During 2010, employees of Goldman Sachs brought in more than 15 billion dollars in total compensation.

#9 Goldman Sachs has way too much influence over the federal government. There is a reason why it is commonly referred to as "Government Sachs". No matter who is the White House, people that used to work for Goldman and other big Wall Street banks always seem to be crawling around.

Last year, Michael Brenner wrote the following about the composition of the Obama administration....

Wall Street's takeover of the Obama administration is now complete. The mega-banks and their corporate allies control every economic policy position of consequence. Mr. Obama has moved rapidly since the November debacle to install business people where it counts most. Mr.William Daley from JP Morgan Chase as White House Chief of Staff. Mr. Gene Sperling from the Goldman Sachs payroll to be director of the National Economic Council. Eileen Rominger from Goldman Sachs named director of the SEC's Investment Management division. Even the National Security Advisor, Thomas Donilon, was executive vice president for law and policy at the disgraced Fannie Mae after serving as a corporate lobbyist with O'Melveny & Roberts. The keystone of the business friendly team was put in place on Friday. General Electric Chairman and CEO Jeffrey Immelt will serve as chair of the president's Council on Jobs and Competitiveness.

#10 Employees from Goldman Sachs pour way too much money into our national elections. In 2008, donations from individuals and organizations affiliated with Goldman Sachs donated more than a million dollars to Barack Obama. This time around they are pouring huge amounts of cash into Mitt Romney's campaign.

#11 Goldman Sachs is still a "vampire squid" as Matt Taibbi once so famously proclaimed in Rolling Stone....

"The first thing you need to know about Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money. In fact, the history of the recent financial crisis, which doubles as a history of the rapid decline and fall of the suddenly swindled dry American empire, reads like a Who's Who of Goldman Sachs graduates."

Once again, there is nothing wrong with making money.

And there is certainly nothing wrong with working in the financial system.

But there is a right way to do things and there is a wrong way to do things.

Goldman Sachs is doing things very much the wrong way, and America would be a better place without them.’

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

A Conservative for Obama British Prime Minister David Cameron serves as a campaign prop. (Washington Post) [ Campaign prop indeed, at most. Unfortunately, cameron’s but a failed pseudo conservative at best, and hardly a conservative at all. But, as with misery which they’ve succeeded in creating in no small measure in their respective countries, failure loves company and there’s no denying both cameron and wobama the b for bs are both failures and gutless wonders at that. Fitch Revises UK Outlook To Negative From Stable, Keeps Country At AAA

Durden 3-14-12

In keeping with the tradition of waking up to reality with a several month delay on downgrades (if being the first to upgrade insolvent Eurozone members), here comes Fitch, to boldly go where Moody's went long ago.

UNITED KINGDOM L-T IDR OUTLOOK TO NEGATIVE FROM STABLE BY FITCH

FITCH AFFS UNITED KINGDOM AT 'AAA'; REVISES OUTLOOK TO NEGATIVE

As a reminder, UK consolidated debt/GDP is... oh... ~1000%

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Allen Stanford Found Guilty Of Being Not Too Big To Fail; In Other News Jon Corzine Walking Free Durden 3-6-12

In case anyone cares:

ALLEN STANFORD FOUND GUILTY BY FEDERAL JURY IN HOUSTON - BBG

ALLEN STANFORD FOUND GUILTY ON 13 OF 14 CHARGES - BBG

STANFORD CONVICTED IN $7 BILLION INVESTMENT FRAUD SCHEME - BBG

Goldman executives dispute ‘toxic’ culture claims (WP) Yeah, riiiiight! As if anyone expected these lying frauds to prostrate themselves before the court of public opinion as if an episode of tv’s Perry Mason and admit their guilt. These are hardened psycho/sociopaths who should be in prison. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ECRI Stays with Recession Call New American | The vicious cycle is starting where lower sales, lower production, lower employment and lower income [leads] back to lower sales…BOB ADELMANN New American 3-13-12 http://albertpeia.com/ecricallsrecession.htm , STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm ] This is an especially great opportunity to sell / take profits with stocks floating on air in contraindicated ‘Weimar dollar bubble rally’ as preceded last crash. Suckers’ rally into the close off lows. They’re loving Apple to death on wall street which is a testament to the pathetic state of american and world technology which is horrendous. As my first computer (AppleIIc, 1986) I’m glad they survived but they’re way, way over-valued. Aside from the IPAD (at best and even that’s a stretch, and past history at that), there’s really nothing there, which is a testament to the stupidity of american consumers particularly. Come on! Wake up! What total frauds! 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm Guest Post: Money from Nothing - A Primer on Fake Wealth Creation and its Implications (Part 2) ZeroHedge.com 3-14-12 ‘Only in a debt-based money system could debt be curiously cast as an asset. We’ve made “extend and pretend” a quaint phrase for a burgeoning market for financial lying and profiteering aimed toward preventing the collapse of a debt- (or lack-) based system that was already doomed by its initial design to collapse.’ Election year temp jobs, trade deficit up, GDP projection down, business inventories miss, manipulations, obfuscations… The Real Problem At Goldman Sachs? You, The Muppet Client Forbes Halah Touryalai, Forbes Staff ‘Goldman Sachs, it turns out, is still evil. Don’t believe it? Check out this confession from the vampire squid’s own executive, Greg Smith, who aired out the firm’s dirty laundry in a New York Times op-ed piece today.

Smith is quitting because after 12 years at the firm (which he joined right out of college) “the environment now is as toxic and destructive as I have ever seen it.”

I won’t get into the reasoning behind a public resignation letter such as this one but regardless his reasons for quitting leave me with a couple of thoughts about Goldman, its clients and the public.

The first thing being that there should be nothing shocking about Smith’s inside take on Goldman Sachs. Anyone who has been paying attention to Wall Street for, I don’t know, the last decade cannot say they’re taken back by the fact that a firm like Goldman is in it for the money first and foremost.

It’s still unclear to me how Smith went into Goldman not more than 12 years ago with such rose-colored glasses. But it might be helpful to point out that his tenure at the firm wasn’t long after it went public. Barry Ritholtz points out, “Firms that used to be Partnerships — as opposed to the publicly traded corporations of today — meant that you had to be more involved in what your partners were doing, as they had the ability to bankrupt the firm AND the individual partners. This was a huge factor in the dynamic – and it made recruitment, training and mentorship all that much more important.”

But I wonder if the real problem here is not so much about a heartless, soulless Goldman Sachs but more about a foolish investing public.

How many times does Goldman have to show us that it’s not into putting the client’s interest before its own before we stop expecting them to do otherwise?As my colleague Steve Schaefer points out “it was less than two years ago that Goldman paid $550 million to settle claims that it allowed hedge fund manager John Paulson to help set up a mortgage-backed security designed to fail, then failed to disclose the fact to the other investors to whom it sold the deal. (As is customary with such SEC settlements, Goldman neither admitted nor denied wrongdoing in the Abacus case.)”

Just last year Senator Carl Levin pulled out all the stops in an effort to take Goldman down because he felt executives there lied to Congress about how they behaved during the financial crisis. An entire report was dedicated to the Goldman’s alleged bad behavior. Here’s some of the findings:

“Using emails, memos and other internal documents, this report tells the inside story of an economic assault that cost millions of Americans their jobs and homes, while wiping out investors, good businesses, and markets,” said Levin. “High risk lending, regulatory failures, inflated credit ratings, and Wall Street firms engaging in massive conflicts of interest, contaminated the U.S. financial system with toxic mortgages and undermined public trust in U.S. markets. Using their own words in documents subpoenaed by the Subcommittee, the report discloses how financial firms deliberately took advantage of their clients and investors, how credit rating agencies assigned AAA ratings to high risk securities, and how regulators sat on their hands instead of reining in the unsafe and unsound practices all around them. Rampant conflicts of interest are the threads that run through every chapter of this sordid story.”

Oh, then there’s this, this, this, this and this.

So tell me, how many times does one firm have to show you it’s in this game for itself and for its shareholders–then, maybe, you.

This is in no way a defense of any bad behavior by Goldman or any Wall Street firm for that matter, but rather a call for investors, big and small, retail and institutional, to wake up take some responsibility about who to trust with your money.

Otherwise you might end up as one of Goldman’s “muppet” clients or an “Elephant” whose purpose is to make Goldman richer. Just ask Smith who says there are only 3 ways to become a leader at the firm:

a) Execute on the firm’s “axes,” which is Goldman-speak for persuading your clients to invest in the stocks or other products that we are trying to get rid of because they are not seen as having a lot of potential profit. b) “Hunt Elephants.” In English: get your clients — some of whom are sophisticated, and some of whom aren’t — to trade whatever will bring the biggest profit to Goldman. Call me old-fashioned, but I don’t like selling my clients a product that is wrong for them. c) Find yourself sitting in a seat where your job is to trade any illiquid, opaque product with a three-letter acronym.

Josh Brown puts it best with this: “The ‘culture’ of Goldman Sachs was, is and always will be about making money, often at the expense of a client…THAT is your firm’s culture, going back a hundred and fifty years.” ‘

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Former executive blisters Goldman Sachs in New York Times op-ed AP An executive resigning from the powerful bank wrote that the company had lost its “moral fiber.” (Washington Post) [ Wow! No need for Mr. Smith to worry about seeing his colleagues again after passing on; and, I’m definitely not implying ‘the pearley gates’ for the scoundrels he’s worked with. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ECRI Stays with Recession Call New American | The vicious cycle is starting where lower sales, lower production, lower employment and lower income [leads] back to lower sales…BOB ADELMANN New American 3-13-12 http://albertpeia.com/ecricallsrecession.htm , STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm ] This is an especially great opportunity to sell / take profits with stocks floating on air in contraindicated ‘Weimar dollar bubble rally’ as preceded last crash. Come on! Wake up! What total frauds! Election year temp jobs, trade deficit up, GDP projection down, business inventories miss, manipulations, obfuscations… Dave’s Daily: http://www.etfdigest.com STOCK RALLY FADES WITH CDS ISSUE 3-9-12 [ Dave asututely points out: “Jobless Claims Thursday were weaker than expected (362K vs 351K expected and prior revised higher to 354K). Did you know that prior weekly Jobless Claims data has been revised higher 100% of the time over the past two years? How does that happen this consistently?” – Which I refer to as the ‘data ponzi scheme’ wherein new fake data is used to buoy markets as prior reported fake data is reconciled closer to reality. ] Does China's Forex Policy Beggar Its Neighbors? The Wall Street Journal [ Are you sure the author didn’t mean ‘bugger its neighbors’? Sounds like it; but, it’s really all about cost structures which are far less in China which is the primary reason for China’s export success. Manipulation of currencies is an artifice that the west will ultimately prove does not work at all (all that over-printing / creating of fiat Weimar paper currencies is a time-tested loser).]Rumor planted by fed of QE3 light spurs rally, not the fake, uneconomic jobs estimate from jersey adp for election year spin purposes which only fools believe. How desperate and pathetic! For those who think this money-printing out of thin air is without cost, you’re in for a worse than rude awakening. The global markets have become a joke! This is a ‘full press’ as in ‘fiat paper printing presses in overdrive’ debased Weimar dollars / currencies that will end quite badly so take this opportunity to take profits while you can. The manipulated, contrived, and fake data has all been unaffordably ‘electioneared’ for ‘electionyeared’ spin and propaganda. Don’t be their fool! The full moon previously helped keep the contraindicated lunatics’ huge suckers’ rally going with across the board media et als complicity (infra). But not quite … reality (will) catch(es) up … you know the drill … typical suckers’ surge into the close off lows, etc.. Today’s data looked pretty bad to me, even with the manipulations/spin otherwise, ie., Durable goods orders drop by most in 3 years AP , etc.. Then there was previously the manipulated revision to make this month’s distressed, foreclosure sales (backlog) look better. Total scam! This will all end quite badly and is much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles. { http://albertpeia.com/todaysbusinesssummarylinks.htm - today’s business summary links only, by day – scroll down as well for today’s links and for more complete context – Encouraged and recommended! } This global suckers’ rally is based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare (which is being injected sub rosa, see infra), bad news, fraud, b***s***, and desperation alone, as suckers’ rallies ushered in the new year in a most preposterous fashion [Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’ for the superstitious so-called ‘January effect’ based on based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, b***s***, and desperation alone to suck suckers in and keep suckers sucked in! Don’t be their fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s using the up moves to reduce risk assets / stocks / exposure, in other words, he’s selling the rallies which is sound advice [3-12-12: I’ve previously recommended this business report; but, like everything in america, it’s gotten so bad as in the first 30 minutes I calculated approximately 6 minutes of business report and the balance predominantly advertising and some cbs network stuff before I had to turn it off – I might listen again in a year, if at all. Terrible! ]. The fundamentals/realities, current and prospective, are worse than ever. There are no systems/formulas for these unprecedentedly dire times. Don’t be their sucker! This is an especially great opportunity to sell / take profits because there’s much, much worse to come! Here’s a simple chart of the Dow’s history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als.] with lingering intoxication an explanation as the printing presses and issuance of worthless insurmountable debt paper are in full throttle globally (a testament to global blindness as the blind follow the blind) making this impending disaster at this time an especially great opportunity to sell / take profits because there’s much, much worse to come! jersey-lautenberg based adp with 100% better than expectations private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce department data? Labor dept. ue claims / ue numbers? Only a fool believes what they say! ( After One Month Respite, Pink Slips Are Flying Again Durden , Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Durden on 01/06/2012 .. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg , ) The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , ‘…technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57…’ , The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm Why earnings will continue to decline MarketWatch , 10 Things That Every American Should Know About The Federal Reserve Eco.Coll.Blog http://albertpeia.com/10thingsmustknowaboutfedreserve.htm #1 The Federal Reserve System Is A Privately Owned Banking Cartel #2 The Federal Reserve System Is A Perpetual Debt Machine #3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar #4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability #5 The Federal Reserve Is Paying Banks Not To Lend Money #6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging #7 The Federal Reserve System Is Dominated By The Big Wall Street Banks #8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913 #9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence #10 The Federal Reserve Has Become Way Too Powerful , A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm Any financial system that is based on debt is doomed to fail. Today, we are living in the greatest debt bubble that the world has ever seen … , Despite Two Thirds Of Components Declining, Empire Fed Prints At Highest Since June 2010 ZeroHedge | Chalk this one to “seasonal adjustments” or something, cause we no longer have any clue what is going on with the data fudging in America. , 20 Signs You Might Be A Typical American Worker http://albertpeia.com/20signsoftypicalamericanworker.htm , 10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm , 8 Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default http://albertpeia.com/8reasonsgreekdebtdefaultstillcoming.htm , 55 Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm ‘How is the U.S. economy doing in 2012? Unfortunately, it is not doing nearly as well as the mainstream media would have you believe. Yes, things have stabilized for the moment but this bubble of false hope will not last for long. The long-term trends that are ripping our economy and our financial system to shreds continue unabated. When you step back and look at the broader picture, it is hard to deny that we are in really bad shape and that things are rapidly getting worse. Later on in this article you will find a list of interesting facts that show the true state of the U.S. economy… , http://albertpeia.com/debtpercapita.jpg , Double-dip recession setting in across eurozone: EU Thomson | AFP , America 1950 vs. America 2012 http://albertpeia.com/downhillslideofamerica.htm , Society’s Five Stages of Economic Collapse http://albertpeia.com/5stagesofcollapse.htm David Meyer shtfplan.com March 1, 2012 , No Housing Recovery - Case Shiller Shows 8th Consecutive Month Of House Price Declines Durden 2-28-12 Little that can be added here. The December Case Shiller came, saw, and shut up all those who keep calling for a home price recovery. The Index printed at 136.71 on expectations of 137.11, with the prior revised to 138.24. The top 20 City composite was down -0.5% on expectations of a 0.35% drop. 18 out of 20 MSAs saw monthly declines in December over November… , Goldman: Germany Is Now On The Hook By €1 Trillion (Or 40% Of GDP) Durden, , 20 Economic Statistics To Use To Wake Sheeple Up From Their Entertainment-Induced Comas http://albertpeia.com/20ecostatstowakesheeple.htm , Central bank balance sheet expansion since end 2007 Mar 1st, 2012 by News (ZeroHedge) — SNB +230%; Fed +222%, BOJ +125%, BOE +87%, PBOC +93%, ECB +51%. USA Gold / PG View: Pretty strong evidence that the rally in bonds — and by extension the rally in stocks — is nothing but a charade. , 10.7 Percent: Unemployment In Europe Is Worse Than It Was At The Peak Of The Last Recession http://albertpeia.com/europeunemploymentworsethanrecession.htm The unemployment rate in the eurozone is now 10.7 percent. That is the highest the unemployment rate has been since the introduction of the euro. The unemployment rate in the eurozone never got any higher than 10.2 percent during the last recession. This is very troubling news. It was just recently announced that the eurozone has entered another recession, and already the unemployment rate is hitting new record highs… , Inflation Is A Tax And The Federal Reserve Is Taxing The Living Daylights Out Of Us http://albertpeia.com/inflationisatax.htm , Guest Post: Cause, Effects & The Fallacy Of A Return To Normalcy Durden 3-6-12, Market Takes First Big Loss Of 2012 As Investors Eye Greek Debt Swap Forbes , 15 Potentially Massive Threats To The U.S. Economy Over The Next 12 Months http://albertpeia.com/15massivethreatstoeconomy.htm , 1 Through 30 – The Coming U.S. Financial Crisis By The Numbers http://albertpeia.com/1-30usfinancialcrisiscoming.htm , Gallup Finds February US Unemployment Jumps Most Since 2010, Third Consecutive Monthly Increase Durden 3-8-12 , Initial Claims Miss Expectations, Rise For Third Consecutive Week For First Time Since August 2010 Durden 3-8-12 , Greece Has Defaulted - Which Country In Europe Is Next? http://albertpeia.com/greecehasdefaultedwhonext.htm , Five Charts That Prove We’re in a Depression and That the Federal Reserve and Washington Are Wasting Money March 12, 2012 By gpc1981 http://albertpeia.com/usindepressionfedandgovwastingmoney.htm , Broken Promises: Pensions All Over America Are Being Savagely Cut Or Are Vanishing Completely .. this exact scenario is playing out from coast to coast and in the years ahead millions of elderly Americans are going to be affected by broken promises and vanishing pensions.. http://albertpeia.com/uspensionscutorvanishing.htm , America Is Being Transformed From A Wealthy Nation Into A Poor Nation At Breathtaking Speed America is losing wealth far faster than any other nation on earth is. http://albertpeia.com/ustransformedfromwealthytopoor.htm , As US Rakes Largest Monthly Deficit In History, 2012 Tax Revenues Net Of Refunds Trail 2011 Durden 3-12-12 , Guest Post: The Audacity of Bonuses At MF Global Durden 3-12-12 In the spirit of George Orwell’s Animal Farm commandment: “all animals are equal, but some animals are more equal then others” comes the galling news that bankruptcy trustee, Louis Freeh, could approve the defunct, MF Global to pay bonuses to certain senior executives. This, despite the fact that nearly $1.6 billion of customer funds remains “missing” or otherwise partially accounted for, yet beyond the reach of those customers, perhaps forever, since before the firm declared bankruptcy on October 31, 2011... , Two Reasons Why the Global Economy Will Slow and Government Promises to Retirees Will be Broken March 13, 2012 By gpc1981 http://gainspainscapital.com ‘The coming years will be marked by a seismic change in the economic landscape in the US. Firstly and most importantly, we are going to see economic growth slow down dramatically. , CBO Hikes 2012 Budget Deficit Forecast By $97 Billion In One Month, Sees $1.17 Trillion In Funding Shortfall Durden 3-13-12 , ECRI Stays with Recession Call New American | The vicious cycle is starting where lower sales, lower production, lower employment and lower income [leads] back to lower sales…BOB ADELMANN New American Tuesday, March 13, 2012 http://albertpeia.com/ecricallsrecession.htm , Guest Post: How Does FINRA Lose 8 Hours of Testimony? Wall Street’s “Kangaroo Court” Durden 3-13-12 , Troika Finds Greece Already Likely To Miss Bailout Budget Targets Durden 3-13-12 , Fed Stress Test Released: Citi, SunTrust, Ally And MetLife Have Insufficient Capital Durden 3-13-12 , Market Summary: FOMC Snoozer Followed By Premature Exuberation Durden 3-13-12 , Dave’s Daily: http://www.etfdigest.com 3-13-12 ‘Bernanke & Co had nothing new to say and one assumes this must be bullish as stocks shot higher after the announcement. Gold fell as it was “risk on” for stocks and as the dollar rose slightly. Select commodity prices rose (USO, JJC) while bond prices continued to fall as yields rose. Retail Sales were higher but below expectations (1.1% vs 1.2% exp. & prior .6%) ex autos and gasoline sales were up only .6%. Goldman Sachs same store sales data for the week was .7% vs 1.3% prior…’ , Conned 2012: Joseph Kony Is A CIA Contractor [ Yeah, cia, mossad, kony, they look like and are a bunch of spooks. ] Saman Mohammadi | Former European MP, journalist, and author Richard Cottrell says Lord Resistance Army is backed by CIA and Mossad. , Who Decided That It Would Be A Good Idea.... http://albertpeia.com/misplacedfaith.htm Do you have faith in the people running this nation? When answering that question, most people would bash either the Democrats or the Republicans, but my question goes much deeper than that. Power is constantly shifting back and forth between the two major political parties, and it seems like things don't really change no matter who is in power. What I am asking is if you have faith in the entire system. Do you have faith in the U.S. government, the Federal Reserve, the state governments, the local governments, our public schools and our financial system? Do you believe that the people that are running things in this country are doing a good job? When you look at the results, it is hard to argue that those in power are making good decisions. In fact, this country is caught in such a downward spiral that it would be easy to argue that most of our politicians should immediately resign in disgrace. Our leaders just keep coming up with one bad idea after another. Sometimes it almost seems as though it would be better for our leaders to do absolutely nothing at all because every time they try to do something they only make things worse. , Does High Frequency Trading Add To Market Liquidity? Vote Here (No!) Durden 3-13-12 At this point it is safe to say that the world has far greater issues than simple trade scalping and a broken market structure courtesy of the few robotic algorithms that still trade, even compared to three years ago. Back then it was far less obvious that the global ponzi was on the edge every day, and that only coordinated efforts such as today's one-two punch by Jamie Dimon and his subordinates at the FRBNY could mask the fact that the stress test was never actually needed, as any time banks suffer a 20% drop the Fed would simply proceed to the New QE (pass go, and give the $200 direct to the banks). And yet, years after the flash crash, pervasive central planning notwithstanding, the High Freaks are still around, subpennying, stub quoting, channel stuffing and otherwise making a total mockery of the retail investor (at least the one who is dumb enough to put in a limit order and not split up a big order into many tiny ones). Which is simply stunning - by now, even if reading just a fraction of the hundreds of posts on the topic on this site alone of which this one may be the most encompassing, one would think that everyone, and that even includes the SEC, would be well aware of the (borderline) criminal, and certainly liquidity destroying (although volume spiking via churn), product that is High Frequency Trading. Apparently not. , Is This The Chart Of A Broken Inflation Transmission Mechanism? Durden 3-13-12 Sean Corrigan presents an interesting chart for everyone who still believes that, contrary to millennia of evidence otherwise, money is not fungible. Such as the Lerry Meyers of the world, who in a CNBC interview earlier said the following: "I’m sorry, I’m sorry, you think he doesn't have the right model of inflation, he would allow hyperinflation. Not a prayer. Not a prayer. If you wanted to forecast inflation three or four years out and you don't have it close to 2%, I don't know why. Balance sheet, no impact. Level of reserves, no impact, so you have a different model of inflation, hey, you like the hawk on the committee, you got good company." (coupled with a stunning pronouncement by Steve Liesman: "I think the Fed is going to be dead wrong on inflation. I think inflation is going up." - yes, quite curious for a man who for the longest time has been arguing just the opposite: 5 minutes into the clip). , Japan's Shocking Keynesian Slip: "We Are Worse Than Greece" Durden 3-13-12 In a stunning turn of events, a Japanese Ministry of Finance official admits to Richard Koo's worst nightmare "Japan is fiscally worse than Greece". Bloomberg is reporting that, at a conference in Tokyo, Yasushi Kinoshita says Japan's 2011 fiscal deficit was up to 10% of GDP and its debt-to-GDP has soared to over 230%. What is more concerning is the Kyle-Bass- / Hugh-Hendry-recognized concentration risk that Kinoshita admits to also - with a large amount of JGBs held domestically, the Japanese financial system is much more vulnerable to fiscal shocks (cough energy price cough) than Europe. Of course, the market is catatonic in its reaction to this - mesmerized by the possibility of buybacks and hypnotized at big-banks-passing-stress-tests - though we do note the small reverse stronger in USDJPY has reversed as this news broke and the USD pushes modestly higher. , Four Big 'Troubles' In Little China Durden on 03/14/2012 While not quite as dramatic as Kim Cattrall in a cheongsam, the recent group-think of 'heads bulls win, tails bears lose" on the back of seemingly ever-rising strike prices on central bankers implied-puts is becoming crescendo-like. Nowhere is this more evident in China currently, as the world views every inflation, growth, and lending print as either positive because of more stimulation or positive because of global growth. Of course all of this ignores the 'trap' that is/has already sprung in Japan (ZIRP, deflation, and zombification), US (ZIRP, addiction, and energy prices), and Europe (print, subordinate, and alienate foreign bond purchasers) and the care with which even insane printers must tread for fear of upsetting the world economy. Tonight we hear from China's Premier Wen that, via Bloomberg, China seeks to establish social democracy and much to Chuck Schumer's chagrin we pre-suppose, that the Yuan is close to equilibrium levels. Furthermore the veiled threat that China-US cooperation is better than confrontation, which brings us to four charts we found interesting in their potential to upset the euphoria of a global race-to-the-bottom which apparently makes US stocks invincible. , Why Are Millions Of Americans Preparing For Doomsday? http://albertpeia.com/preparingfordoomsday.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Trade deficit widens to largest quarterly gap in 3 years AP A slight drop in exports and a rise in imports widened the broadest measure of the U.S. trade deficit. (Washington Post) [ Well, this should provide a bullish backdrop for stocks; you know, ‘good news is good, bad news is better’, on the reality that hopium for the damaging, contraindicated QE3 is in the offing (less pronounced forms of same are in fact occurring sub rosa) despite past QE be a ‘co-culprit’ to this instant piece of bad news (debased over-printed / created weimar dollars translating into higher prices for, ie., oil, etc.). America Is Being Transformed From A Wealthy Nation Into A Poor Nation At Breathtaking Speed America is losing wealth far faster than any other nation on earth is. http://albertpeia.com/ustransformedfromwealthytopoor.htm . Voters blame Obama for high gas prices How much does the president have to do with the price of gasoline? A lot, say voters. But economists and oil experts say not so much — at least in the short term. (Washington Post) [ Oh indeed he is to blame; but, he’s far from alone in sharing the blame. When you print Weimar fiat paper money with no concomitant increase in real value (economic, simplistically stated), you get the familiar Weimar effect of increased prices, and not just for oil / gas (this will get much worse; and, to be sure, this strategy has never, ever worked). Food, meats particularly if you’ve been to the grocery store, are rising consistent with inflation rates far in excess of that reported. This, owing to the defacto bankruptcy of the nation in this election-year attempt at obfuscation for that ‘feel good’, ‘everything comin’ up roses’ effect. Guest Post: Money from Nothing - A Primer On Fake Wealth Creation And Its Implications (Part 1) Durden 3-12-12 What is fraud except creating “value” from nothing and passing it off as something? Frauds interlink and grow upon each other. Our debt-based money system serves as the fraud foundation. In our debt-based money system, debt must grow in order to create money. Therefore, there is no way to pay off aggregate debt with available money. More money must be lent into the system to make the payments for old debts. This causes overall debt to expand as new money for actual people (vs. banks) always arrives at interest and compounds exponentially. This process is called financialization. Financialization: The process of making money from nothing in which debt (i.e. poverty, lack) is paradoxically considered an asset (i.e. wealth, gain). In current financialized economies “wealth expansion” comes from the parasitic taxation of productivity in the form of interest on fiat lending. This interest over time consumes a greater and greater share of resources, assets, labor, and livelihood until nothing is left. , The Fed’s Manipulation Of The Market Is Driving TrimTabs’ Charles Biderman “Even More Nuts Than He Already Is” Zero Hedge http://albertpeia.com/zerohedgebiderman.htm March 12, 2012 ‘..as we have demonstrated with the now terminal evacuation of faith by the retail investor in the gross manipulated stock “market” which is nothing but a nominal policy vehicle for politicians and bankers. Unfortunately, the endless lies and propaganda are starting to push rational people who refuse to take the blue pill, and who are fully aware there is no wizard, over the edge..’

, Five Charts That Prove We’re in a Depression and That the Federal Reserve and Washington Are Wasting Money March 12, 2012 By gpc1981 http://albertpeia.com/usindepressionfedandgovwastingmoney.htm , Broken Promises: Pensions All Over America Are Being Savagely Cut Or Are Vanishing Completely .. this exact scenario is playing out from coast to coast and in the years ahead millions of elderly Americans are going to be affected by broken promises and vanishing pensions.. http://albertpeia.com/uspensionscutorvanishing.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Milbank: Gravestones tell story of two wars (Washington Post) [ I’d say more correctly that gravestones tell the story of all wars. The difference in these two wars referenced by Mr. Milbank is that both were unnecessary. Yes, sad but true; they died for nothing; for no good reason whatsoever which reasons include the paranoid zionist neo-con and israeli mental cases, the military industrial complex (would never have happened under the great but substantially underrated President General Eisenhower), political considerations (diversion from the central problems confronting the nation), money, greed, drug trade preeiminence (money/greed), etc.. Yes, the story that they tell is one of dying for all the wrong reasons; of dying for nothing! Then of course ther are those of the innocent civilian who were not accorded any choice, input, or control in the matter at all. They died for worse and less than nothing. That’s what ‘evil’ is all about! Panetta arrives in Afghanistan; pledges setbacks will not alter strategy U.S. likely to stay on course despite strong public reaction to Koran burnings and deaths of 16 civilians. (Washington Post) [ Strategy? What strategy? Ignatius: How to end the Afghan mission (Washington Post) [ What mission? Someone please tell me! Is it to bankrupt america? Is the mission to become numero uno in the opium / heroin? Is it to engender anti-american sentiment globally? If any of the foregoing characterize the mission, I’d say ‘mission accomplished’! For U.S., bad news on Afghanistan war continues (Washington Post) [ Yes, indeed it does; continue that is, that bad news…except for the heroin trade which is booming, a source of pride for ‘the world’s policeman’ aka the pervasively corrupt, defacto bankrupt disunited states of america, aka the clichéd quintessential ‘corrupt cop’. Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ http://albertpeia/americangovernmentdrugtrafficking.htm http://albertpeia/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Panetta arrives in Afghanistan; pledges setbacks will not alter strategy U.S. likely to stay on course despite strong public reaction to Koran burnings and deaths of 16 civilians. (Washington Post) [ Strategy? What strategy? Ignatius: How to end the Afghan mission (Washington Post) [ What mission? Someone please tell me! Is it to bankrupt america? Is the mission to become numero uno in the opium / heroin? Is it to engender anti-american sentiment globally? If any of the foregoing characterize the mission, I’d say ‘mission accomplished’! For U.S., bad news on Afghanistan war continues (Washington Post) [ Yes, indeed it does; continue that is, that bad news…except for the heroin trade which is booming, a source of pride for ‘the world’s policeman’ aka the pervasively corrupt, defacto bankrupt disunited states of america, aka the clichéd quintessential ‘corrupt cop’. Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ http://albertpeia/americangovernmentdrugtrafficking.htm http://albertpeia/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Mixed economic signals mean action by Federal Reserve is unlikely Strong jobs report is undermined by less bullish indicators, leaving the bank guessing on whether its projections are overly pessimistic (Washington Post) [ When measured in real value, grossly over-optimistic! Five Charts That Prove We’re in a Depression and That the Federal Reserve and Washington Are Wasting Money March 12, 2012 By gpc1981 http://albertpeia.com/usindepressionfedandgovwastingmoney.htm The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm ] Come on! Wake up! What total frauds! Election year temp jobs, trade deficit up, GDP projection down, business inventories miss, manipulations, obfuscations… Dave’s Daily: http://www.etfdigest.com STOCK RALLY FADES WITH CDS ISSUE 3-9-12 [ Dave asututely points out: “Jobless Claims Thursday were weaker than expected (362K vs 351K expected and prior revised higher to 354K). Did you know that prior weekly Jobless Claims data has been revised higher 100% of the time over the past two years? How does that happen this consistently?” – Which I refer to as the ‘data ponzi scheme’ wherein new fake data is used to buoy markets as prior reported fake data is reconciled closer to reality. ] Does China's Forex Policy Beggar Its Neighbors? The Wall Street Journal [ Are you sure the author didn’t mean ‘bugger its neighbors’? Sounds like it; but, it’s really all about cost structures which are far less in China which is the primary reason for China’s export success. Manipulation of currencies is an artifice that the west will ultimately prove does not work at all (all that over-printing / creating of fiat Weimar paper currencies is a time-tested loser).]Rumor planted by fed of QE3 light spurs rally, not the fake, uneconomic jobs estimate from jersey adp for election year spin purposes which only fools believe. How desperate and pathetic! For those who think this money-printing out of thin air is without cost, you’re in for a worse than rude awakening. The global markets have become a joke! This is a ‘full press’ as in ‘fiat paper printing presses in overdrive’ debased Weimar dollars / currencies that will end quite badly so take this opportunity to take profits while you can. The manipulated, contrived, and fake data has all been unaffordably ‘electioneared’ for ‘electionyeared’ spin and propaganda. Don’t be their fool! The full moon previously helped keep the contraindicated lunatics’ huge suckers’ rally going with across the board media et als complicity (infra). But not quite … reality (will) catch(es) up … you know the drill … typical suckers’ surge into the close off lows, etc.. Today’s data looked pretty bad to me, even with the manipulations/spin otherwise, ie., Durable goods orders drop by most in 3 years AP , etc.. Then there was previously the manipulated revision to make this month’s distressed, foreclosure sales (backlog) look better. Total scam! This will all end quite badly and is much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles. { http://albertpeia.com/todaysbusinesssummarylinks.htm - today’s business summary links only, by day – scroll down as well for today’s links and for more complete context – Encouraged and recommended! } This global suckers’ rally is based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare (which is being injected sub rosa, see infra), bad news, fraud, bs, and desperation alone, as suckers’ rallies ushered in the new year in a most preposterous fashion [Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’ for the superstitious so-called ‘January effect’ based on based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, bs, and desperation alone to suck suckers in and keep suckers sucked in! Don’t be their fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s using the up moves to reduce risk assets / stocks / exposure, in other words, he’s selling the rallies which is sound advice [3-12-12: I’ve previously recommended this business report; but, like everything in america, it’s gotten so bad as in the first 30 minutes I calculated approximately 6 minutes of business report and the balance predominantly advertising and some cbs network stuff before I had to turn it off – I might listen again in a year, if at all. Terrible! ]. The fundamentals/realities, current and prospective, are worse than ever. There are no systems/formulas for these unprecedentedly dire times. Don’t be their sucker! This is an especially great opportunity to sell / take profits because there’s much, much worse to come! Here’s a simple chart of the Dow’s history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als.] with lingering intoxication an explanation as the printing presses and issuance of worthless insurmountable debt paper are in full throttle globally (a testament to global blindness as the blind follow the blind) making this impending disaster at this time an especially great opportunity to sell / take profits because there’s much, much worse to come! jersey-lautenberg based adp with 100% better than expectations private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce department data? Labor dept. ue claims / ue numbers? Only a fool believes what they say! ( After One Month Respite, Pink Slips Are Flying Again Durden , Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Durden on 01/06/2012 .. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg , ) The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , ‘…technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57…’ , The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm Why earnings will continue to decline MarketWatch , 10 Things That Every American Should Know About The Federal Reserve Eco.Coll.Blog http://albertpeia.com/10thingsmustknowaboutfedreserve.htm #1 The Federal Reserve System Is A Privately Owned Banking Cartel #2 The Federal Reserve System Is A Perpetual Debt Machine #3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar #4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability #5 The Federal Reserve Is Paying Banks Not To Lend Money #6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging #7 The Federal Reserve System Is Dominated By The Big Wall Street Banks #8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913 #9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence #10 The Federal Reserve Has Become Way Too Powerful , A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm Any financial system that is based on debt is doomed to fail. Today, we are living in the greatest debt bubble that the world has ever seen … , Despite Two Thirds Of Components Declining, Empire Fed Prints At Highest Since June 2010 ZeroHedge | Chalk this one to “seasonal adjustments” or something, cause we no longer have any clue what is going on with the data fudging in America. , 20 Signs You Might Be A Typical American Worker http://albertpeia.com/20signsoftypicalamericanworker.htm , 10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm , 8 Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default http://albertpeia.com/8reasonsgreekdebtdefaultstillcoming.htm , 55 Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm ‘How is the U.S. economy doing in 2012? Unfortunately, it is not doing nearly as well as the mainstream media would have you believe. Yes, things have stabilized for the moment but this bubble of false hope will not last for long. The long-term trends that are ripping our economy and our financial system to shreds continue unabated. When you step back and look at the broader picture, it is hard to deny that we are in really bad shape and that things are rapidly getting worse. Later on in this article you will find a list of interesting facts that show the true state of the U.S. economy… , http://albertpeia.com/debtpercapita.jpg , Double-dip recession setting in across eurozone: EU Thomson | AFP , America 1950 vs. America 2012 http://albertpeia.com/downhillslideofamerica.htm , Society’s Five Stages of Economic Collapse http://albertpeia.com/5stagesofcollapse.htm David Meyer shtfplan.com March 1, 2012 , No Housing Recovery - Case Shiller Shows 8th Consecutive Month Of House Price Declines Durden 2-28-12 Little that can be added here. The December Case Shiller came, saw, and shut up all those who keep calling for a home price recovery. The Index printed at 136.71 on expectations of 137.11, with the prior revised to 138.24. The top 20 City composite was down -0.5% on expectations of a 0.35% drop. 18 out of 20 MSAs saw monthly declines in December over November… , Goldman: Germany Is Now On The Hook By €1 Trillion (Or 40% Of GDP) Durden, , 20 Economic Statistics To Use To Wake Sheeple Up From Their Entertainment-Induced Comas http://albertpeia.com/20ecostatstowakesheeple.htm , Central bank balance sheet expansion since end 2007 Mar 1st, 2012 by News (ZeroHedge) — SNB +230%; Fed +222%, BOJ +125%, BOE +87%, PBOC +93%, ECB +51%. USA Gold / PG View: Pretty strong evidence that the rally in bonds — and by extension the rally in stocks — is nothing but a charade. , 10.7 Percent: Unemployment In Europe Is Worse Than It Was At The Peak Of The Last Recession http://albertpeia.com/europeunemploymentworsethanrecession.htm The unemployment rate in the eurozone is now 10.7 percent. That is the highest the unemployment rate has been since the introduction of the euro. The unemployment rate in the eurozone never got any higher than 10.2 percent during the last recession. This is very troubling news. It was just recently announced that the eurozone has entered another recession, and already the unemployment rate is hitting new record highs… , Inflation Is A Tax And The Federal Reserve Is Taxing The Living Daylights Out Of Us http://albertpeia.com/inflationisatax.htm , Guest Post: Cause, Effects & The Fallacy Of A Return To Normalcy Durden 3-6-12, Market Takes First Big Loss Of 2012 As Investors Eye Greek Debt Swap Forbes , 15 Potentially Massive Threats To The U.S. Economy Over The Next 12 Months http://albertpeia.com/15massivethreatstoeconomy.htm , 1 Through 30 – The Coming U.S. Financial Crisis By The Numbers http://albertpeia.com/1-30usfinancialcrisiscoming.htm , Gallup Finds February US Unemployment Jumps Most Since 2010, Third Consecutive Monthly Increase Durden 3-8-12 , Initial Claims Miss Expectations, Rise For Third Consecutive Week For First Time Since August 2010 Durden 3-8-12 , Greece Has Defaulted - Which Country In Europe Is Next? http://albertpeia.com/greecehasdefaultedwhonext.htm , , Broken Promises: Pensions All Over America Are Being Savagely Cut Or Are Vanishing Completely .. this exact scenario is playing out from coast to coast and in the years ahead millions of elderly Americans are going to be affected by broken promises and vanishing pensions.. http://albertpeia.com/uspensionscutorvanishing.htm , America Is Being Transformed From A Wealthy Nation Into A Poor Nation At Breathtaking Speed America is losing wealth far faster than any other nation on earth is. http://albertpeia.com/ustransformedfromwealthytopoor.htm , As US Rakes Largest Monthly Deficit In History, 2012 Tax Revenues Net Of Refunds Trail 2011 Durden 3-12-12 , Guest Post: The Audacity of Bonuses At MF Global Durden 3-12-12 In the spirit of George Orwell’s Animal Farm commandment: “all animals are equal, but some animals are more equal then others” comes the galling news that bankruptcy trustee, Louis Freeh, could approve the defunct, MF Global to pay bonuses to certain senior executives. This, despite the fact that nearly $1.6 billion of customer funds remains “missing” or otherwise partially accounted for, yet beyond the reach of those customers, perhaps forever, since before the firm declared bankruptcy on October 31, 2011... , The Greek PSI Lawsuits Begin Durden 3-12-12 , Is The ECB Masking Accelerating Deposit Flight In Italy And Spain? Durden 3-12-12 , Dave’s Daily: http://www.etfdigest.com INVESTORS WAIT FOR THE FED 3-12-12 ‘There’s little to comment regarding Monday’s market action. Investors have absorbed the Greek default (by any other name, it’s still a default) for now anyway. And, not that you care, but new Greek bonds issued to those lucky private holders are already being heavily discounted. In fact, as issued the yields were already steep at 18% but they’ve already dropped to yield roughly 25%. What bulls have mixed feelings about are the ongoing reductions in GDP estimates from many economists with most cutting forward view to 1.5% to 1.8%., Yet Another US Debt Infographic Durden 3-12-12 Probably the most amusing thing about this latest US debt infographic courtesy of FX Fatcat, which by now everyone has seen in some capacity, is how out of date it is, as the latest debt is $15.518 trillion, or $100 billion more than shown here in "March 2012." , Adding Insult To Injury, Greek Gas Prices Are Now The Highest In Europe Durden 3-12-12 , 3 Charts On Not Buying The 'Global Recovery' Risk Rally Durden 3-12-12 While 'good is good, and bad is better'-market continues to price a higher and higher strike price for Ben, Mario, and Xiaouchuan, the twin (d)evils of energy and food price inflation could be tamping their enthusiasm for their new-found experiment. Critically, for all those 'hoping' for the pump to be primed and a self-sustaining recovery to take hold, we present three charts to rain on that parade. Whether the world's central bankers come back to the table is unclear, given their clear concerns at what they have done recently, but we suspect this is much more a 'when' than 'if' question and given the performance of asset and volatility markets, it seems this is more than priced in. , As If There Was No Risk Tomorrow: Complacency Hits Record As VIX Craters Durden 3-12-12 , Market Shorts At 4 Year Lows, In Hibernation For Second Straight Month Durden 3-12-12 , Jon Hilsenrath Is Scratching His (And The NY Fed's) Head Over The Job Number Discrepancy And Okun's Law Durden 3-12-12 , Mark Grant On The Increased Risks of Owning European Sovereign/Bank Debt Durden 3-12-12 , View From The Bridge: And They Think It’s All Over… Durden 3-12-12 So Greece has been saved – is that right? Well according to ISDA (the International Swaps and Derivatives Association) a “Restructuring Credit Event has occurred with respect to the Hellenic Republic” which in the vernacular means the Greeks are bust; tell us something we don’t know! The importance of this statement is that credit default swaps (CDS) on Greek debt are now triggered and holders will have their losses made good. There were any number of scurrilous rumours that ISDA would not declare a credit event to preclude their illustrious members from paying out, but when the net downside of $3 billion needs to be shared out amongst the likes of Barclays, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan Chase, Morgan Stanley, UBS, BNP Paribas and Societe Generale, then a quick whip round in the bar after close of business and the jobs a good’un.,Encumbrance 101, Or Why Europe Is Running Out Of Assets Durden on 03/11/2012 , Financial Repression Has Come Back to Stay Mar 12th, 2012 15:24 by News (Bloomberg) — As they have before in the aftermath of financial crises or wars, governments and central banks are increasingly resorting to a form of “taxation” that helps liquidate the huge overhang of public and private debt and eases the burden of servicing that debt.Such policies, known as financial repression, usually involve a strong connection between the government, the central bank and the financial sector. In the U.S., as in Europe, at present, this means consistent negative real interest rates (yielding less than the rate of inflation) that are equivalent to a tax on bondholders and, more generally, savers. , China Trade Deficit Spurs Concern Mar 12th, 2012 , Greek bonds trade at distressed levels Mar 12th, 2012 , Is Germany Actually Preparing To Leave The Euro? http://albertpeia.com/isgermanyleavingeuro.htm , Half of British Black Men Are Unemployed [ Yet, this is totally understandable. ]The Independent | ,Welfare recipients trade in food stamps for cash to buy illicit street drugs, weapons Natural News | Some of the 46.3 million Americans currently enrolled in the federal food stamp program traded their benefits for cash so they could then purchase drugs and guns., GE’s Immelt: Global Economy In ‘New Era’ Of Instability wsj.com | Expects interest rates to stay low for an extended period. , U.S. Still Down 6 Million Jobs smartmoney.com | Damage to employment done by the Great Recession is still far from repaired., Gas prices sink Obama’s ratings on economy, bring parity to race for White House Washington Post | Disapproval of President Obama’s handling of the economy is heading higher — alongside gasoline prices., The Fed’s Manipulation Of The Market Is Driving TrimTabs’ Charles Biderman “Even More Nuts Than He Already Is” Zero Hedge | TrimTabs Charles Biderman made waves for being the first person on prime time financial TV to tell it how it is, namely that the Fed is indirectly and directly affecting asset prices. http://albertpeia.com/zerohedgebiderman.htm , Drudgereport: `PAIN IN THE PUMP!` `44 DOWN TO 41` `Fed stress testing banks against 13% unemployment, 50% drop in stock market... PAPER: Germany proposes a 'DRUDGE Tax'... [Sounds a bit ‘naziish’ to me, in addition to very desperate] ,`Guest Post: Money from Nothing - A Primer On Fake Wealth Creation And Its Implications (Part 1) Durden 3-12-12 What is fraud except creating “value” from nothing and passing it off as something? Frauds interlink and grow upon each other. Our debt-based money system serves as the fraud foundation. In our debt-based money system, debt must grow in order to create money. Therefore, there is no way to pay off aggregate debt with available money. More money must be lent into the system to make the payments for old debts. This causes overall debt to expand as new money for actual people (vs. banks) always arrives at interest and compounds exponentially. This process is called financialization. Financialization: The process of making money from nothing in which debt (i.e. poverty, lack) is paradoxically considered an asset (i.e. wealth, gain). In current financialized economies “wealth expansion” comes from the parasitic taxation of productivity in the form of interest on fiat lending. This interest over time consumes a greater and greater share of resources, assets, labor, and livelihood until nothing is left. , The Fed’s Manipulation Of The Market Is Driving TrimTabs’ Charles Biderman “Even More Nuts Than He Already Is” Zero Hedge http://albertpeia.com/zerohedgebiderman.htm March 12, 2012 ‘..as we have demonstrated with the now terminal evacuation of faith by the retail investor in the gross manipulated stock “market” which is nothing but a nominal policy vehicle for politicians and bankers. Unfortunately, the endless lies and propaganda are starting to push rational people who refuse to take the blue pill, and who are fully aware there is no wizard, over the edge..’

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Voters blame Obama for high gas prices How much does the president have to do with the price of gasoline? A lot, say voters. But economists and oil experts say not so much — at least in the short term. (Washington Post) [ Oh indeed he is to blame; but, he’s far from alone in sharing the blame. When you print Weimar fiat paper money with no concomitant increase in real value (economic, simplistically stated), you get the familiar Weimar effect of increased prices, and not just for oil / gas (this will get much worse; and, to be sure, this strategy has never, ever worked). Food, meats particularly if you’ve been to the grocery store, are rising consistent with inflation rates far in excess of that reported. This, owing to the defacto bankruptcy of the nation in this election-year attempt at obfuscation for that ‘feel good’, ‘everything comin’ up roses’ effect. Guest Post: Money from Nothing - A Primer On Fake Wealth Creation And Its Implications (Part 1) Durden 3-12-12 What is fraud except creating “value” from nothing and passing it off as something? Frauds interlink and grow upon each other. Our debt-based money system serves as the fraud foundation. In our debt-based money system, debt must grow in order to create money. Therefore, there is no way to pay off aggregate debt with available money. More money must be lent into the system to make the payments for old debts. This causes overall debt to expand as new money for actual people (vs. banks) always arrives at interest and compounds exponentially. This process is called financialization. Financialization: The process of making money from nothing in which debt (i.e. poverty, lack) is paradoxically considered an asset (i.e. wealth, gain). In current financialized economies “wealth expansion” comes from the parasitic taxation of productivity in the form of interest on fiat lending. This interest over time consumes a greater and greater share of resources, assets, labor, and livelihood until nothing is left. , The Fed’s Manipulation Of The Market Is Driving TrimTabs’ Charles Biderman “Even More Nuts Than He Already Is” Zero Hedge http://albertpeia.com/zerohedgebiderman.htm March 12, 2012 ‘..as we have demonstrated with the now terminal evacuation of faith by the retail investor in the gross manipulated stock “market” which is nothing but a nominal policy vehicle for politicians and bankers. Unfortunately, the endless lies and propaganda are starting to push rational people who refuse to take the blue pill, and who are fully aware there is no wizard, over the edge..’

, Five Charts That Prove We’re in a Depression and That the Federal Reserve and Washington Are Wasting Money March 12, 2012 By gpc1981 http://albertpeia.com/usindepressionfedandgovwastingmoney.htm , Broken Promises: Pensions All Over America Are Being Savagely Cut Or Are Vanishing Completely .. this exact scenario is playing out from coast to coast and in the years ahead millions of elderly Americans are going to be affected by broken promises and vanishing pensions.. http://albertpeia.com/uspensionscutorvanishing.htm , America Is Being Transformed From A Wealthy Nation Into A Poor Nation At Breathtaking Speed America is losing wealth far faster than any other nation on earth is. http://albertpeia.com/ustransformedfromwealthytopoor.htm , As US Rakes Largest Monthly Deficit In History, 2012 Tax Revenues Net Of Refunds Trail 2011 Durden 3-12-12 , Guest Post: The Audacity of Bonuses At MF Global Durden 3-12-12 In the spirit of George Orwell’s Animal Farm commandment: “all animals are equal, but some animals are more equal then others” comes the galling news that bankruptcy trustee, Louis Freeh, could approve the defunct, MF Global to pay bonuses to certain senior executives. This, despite the fact that nearly $1.6 billion of customer funds remains “missing” or otherwise partially accounted for, yet beyond the reach of those customers, perhaps forever, since before the firm declared bankruptcy on October 31, 2011... { THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ( America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke…The government’s total indebtedness is $211 trillion’ ) 18 Statistics That Prove That The Economy Has Not Improved Since Barack Obama Became President http://albertpeia.com/18statseconomynotimprovedsinceobama.htm }

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

OPINION | Milbank: Super Friends, unite (Washington Post) [ I really gotta say it: Mr. Milbank is usually so crystal clear in his point / message; noticeably bothersome to me if only because with few exceptions, I find myself on the other end of the spectrum, particularly when it comes to Mr. Milbank’s indefatigable yet indefensible of wobama the b for b***s***. Whatever his point that eluded me, there is no question but that the so-called american system is broken and needs fixin’, the real point that should be lost on nobody. The nation’s also insurmountably financially and economically broke in every way a nation could be so. , Five Charts That Prove We’re in a Depression and That the Federal Reserve and Washington Are Wasting Money March 12, 2012 By gpc1981 http://albertpeia.com/usindepressionfedandgovwastingmoney.htm , Broken Promises: Pensions All Over America Are Being Savagely Cut Or Are Vanishing Completely .. this exact scenario is playing out from coast to coast and in the years ahead millions of elderly Americans are going to be affected by broken promises and vanishing pensions.. http://albertpeia.com/uspensionscutorvanishing.htm , America Is Being Transformed From A Wealthy Nation Into A Poor Nation At Breathtaking Speed America is losing wealth far faster than any other nation on earth is. http://albertpeia.com/ustransformedfromwealthytopoor.htm , As US Rakes Largest Monthly Deficit In History, 2012 Tax Revenues Net Of Refunds Trail 2011 Durden 3-12-12 , Guest Post: The Audacity of Bonuses At MF Global Durden 3-12-12 In the spirit of George Orwell’s Animal Farm commandment: “all animals are equal, but some animals are more equal then others” comes the galling news that bankruptcy trustee, Louis Freeh, could approve the defunct, MF Global to pay bonuses to certain senior executives. This, despite the fact that nearly $1.6 billion of customer funds remains “missing” or otherwise partially accounted for, yet beyond the reach of those customers, perhaps forever, since before the firm declared bankruptcy on October 31, 2011...

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Militants attack Afghan delegation at site of U.S. shooting Obama makes strongest statement about the shooting deaths of 16 Afghan civilians. “The United States takes this as seriously as if it was our own citizens and our own children who were murdered,” he says. (Washington Post) [ Riiiiight! They’re the militants despite the illegal wars / occupation / war crimes for the sake of heroin; but not heroes in Afghanistan, Iraq, etc.. Winning hearts and minds wherever they go. america: home of the brave - US Army sergeant kills 16 in Afghan villages Moving from house to house, a U.S. Army sergeant opened fire Sunday on Afghan villagers as they slept, killing 16 people — mostly women and children — in an attack that reignited fury at the U.S. presence following a wave of deadly protests over Americans burning Qurans. . In fact, Global Research points out that in 2001, “according to UN figures, opium production had fallen to 185 tons. Immediately following the October 2001 US led invasion, production increased dramatically, regaining its historical levels.” This month, the U.N. announced that Afghanistan now provides 93% of the world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons. Although the empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm )

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

U.S. adds 227,000 jobs in February The gain was led by jobs in the professional and business services sector — many of them temporary positions — and the health care industry. (Washington Post) [ To the author of this article’s credit, she points to the important facts that the purported gains (I submit that these are but unaffordably uneconomic ‘electioneered’ electionyeared obfuscations, manipulations) were temporary positions in the services sector. While her name sounds at least Asian if not Japanese, brought to mind are ominous words of the late brilliant Sony founder Morita who warned (america) that you can’t grow an economy by moving paper around (especially fraudulent / toxic paper as on fraudulent wall street); but rather, you must make (produce) things (which function has long since been transferred overseas; and which bell cannot be unrung owing to insurmountable costs attendant to so doing, particularly in light of the nation’s insurmountable debt). The astute at zerohedge.com weigh in:

The Part-Time Economy (Redux)

Durden 3-9-12

While not shocking to most, the jump in temporary workers that we cited earlier is perhaps the biggest indicator of job 'quality' gains. As we discussed here last month, the US ~~market~~ economy remains mired in a low quality (“first-fired, first-hired categories rather than the type of core hiring that would build a stronger foundation for income growth,” as FTN's Jim Vogel describes it) recovery. About 160k of private jobs added in Feb are 'low-paying work' which left average hourly earnings up only 0.1% (notes David Ader at CRT) - hardly the recipe for a sustainable recovery and perhaps the slow leak in stocks post the number is the rude awakening to that reality. As w enoted before, "not only is America slipping ever further into a state of permanent "temp job" status, but that a "quality analysis" of the jobs created shows that the US job formation machinery is badly hurt, and just like the marginal utility of debt now hitting a critical inflection point, so the "marginal utility" of incremental jobs is now negative"

U.S. adds 227,000 jobs; rate remains at 8.3%Employers in February completed three of the best months of hiring since the recession began. The Labor Department says the unemployment rate stayed at 8.3 percent, the lowest in three years. Wonkbook: Why a rising unemployment rate could mean a real recovery (Washington Post) [ I haven’t read the Wonkbook article because I’m sure from the headline it’s going to be total bs! I am, however, going to guess as to the central premise of said piece (of hes). A rising unemployment rate could mean a real recovery because: people are re-entering the workforce/job search people are so encouraged by the economic resurgence that they are re-entering the workplace/searches for work fewer people are dropping out of the work force the labor participation rate is increasing because things are just dandy ….. Now I’m going to check before posting to the main article – # ‘many of the long-term unemployed never made it back into the labor force, and that the economy is producing less than it otherwise could’ #’ ... the labor force participation rate - the percentage of Americans working or looking to work - has declined to its lowest level since the 1980s. The strengthening recovery has reignited a long-running debate about how many of those workers will come back’ # ‘catch-up growth in the labor market, that may push back the return of full employment, and it may even temporarily increase the unemployment rate, but it will mean we’re seeing a fuller recovery’. I wouldn’t buy the aforesaid bs even if it wasn’t an election year; but certainly, in light of the abounding desperation, don’t buy the b.s. in this election year. There are only so many ‘make-work/make-shift’ uneconomic jobs a nation can do. 20 Signs You Might Be A Typical American Worker http://albertpeia.com/20signsoftypicalamericanworker.htm , 10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm , 8 Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default http://albertpeia.com/8reasonsgreekdebtdefaultstillcoming.htm , 55 Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm, 20 Economic Statistics To Use To Wake Sheeple Up From Their Entertainment-Induced Comas http://albertpeia.com/20ecostatstowakesheeple.htm , Not So Fast On That Whole Economic Recovery Thing http://theeconomiccollapseblog.com http://albertpeia.com/notsofastonthateconomicrecoverything.htm

20 Signs You Might Be A Typical American Worker

http://theeconomiccollapseblog.com

http://albertpeia.com/20signsoftypicalamericanworker.htm

‘Once upon a time, anyone that was relatively competent and willing to work hard could go out and easily get a job that would enable that person to financially support a family. Unfortunately, that is simply no longer true anymore. Well paying "middle income jobs" are being rapidly replaced with "low income jobs" and part-time jobs. As the economy crumbles, it is becoming increasingly difficult for the typical American worker to survive from month to month. The number of companies that provide benefits such as health insurance has fallen steadily over the past ten years, and paychecks have not been keeping up with the rising prices of food and gas. Average American families are seeing their budgets squeezed like never before, and many of them are going into huge amounts of debt in order to make up the difference. Sadly, this is a problem that has developed over an extended period of time and that is not going to be reversed overnight. Over the past four decades, the ratio of wages and salaries to GDP in America has fallen dramatically. The typical American worker is not as valued as much as he or she used to be, and if current trends continue even more of us will be working part-time jobs or "low income jobs" in the years ahead.

In America today there is a great deal of focus on the unemployed, but there are also millions upon millions of Americans that are working part-time jobs because that is all that they can find.

It can be absolutely soul crushing to go all the way through school getting good grades, spend a ton of money on an education, and then work for 8 bucks an hour doing meaningless work for some predator corporation that simply does not care about how talented you are.

Today, an astounding 48 percent of all Americans are considered to be either "low income" or are living in poverty.

According to the New York Times, approximately 100 million Americans are either living in poverty or in "the fretful zone just above it".

A lot of those people actually do have jobs. Unfortunately, a part-time job that pays 8 or 9 dollars an hour just will not get you anywhere close to getting over the poverty line.

This is not the way that the U.S. economy used to work. Back in the old days, good paying jobs that would allow you to live "the American Dream" were plentiful.

But now millions upon millions of Americans are scrambling for anything that they can get. According to a recent survey conducted by Gallup, the percentage of Americans that are working part-time jobs but that would like full-time jobs is now higher than it has been at any other time in the last two years.

In this economy, a good paying full-time job is incredibly precious. If you still have one, you should consider yourself to be very fortunate.

Check out the following chart. It is a chart that shows the level of wages and salaries as a percentage of GDP in the United States since the late 1940s. As you can see, the slice of the pie being taken home by American workers has been dropping like a rock since about 1970....

Is that a clear trend or what?

And it is going to continue year after year as long as we continue to pursue the same foolish economic policies.

As our politicians continue to allow millions of American jobs to be shipped overseas, competition for the jobs that remain inside this country is becoming extremely intense.

Back in 1967, 97 percent of all U.S. men with a high school degree between the ages of 30 and 50 had jobs. Today, that figure is down to 76 percent.

As you read this, there are hordes of hard working American workers sitting at home staring at their televisions as they wonder why nobody will hire them.

Right now, if you gathered together all of the unemployed people in the United States, they would constitute the 68th largest country in the world.

That is absolutely insane.

But even if you do have a job that does not mean that you are in good shape. The percentage of "low income jobs" just continues to climb. Back in 1980, less than 30% of all jobs in the United States were low income jobs. Today, more than 40% of all jobs in the United States are low income jobs.

Many Americans work as hard as they can and still find that they must turn to the government for financial assistance. According to author Paul Osterman, about 20 percent of all U.S. adults are currently working jobs that pay poverty-level wages.

And that number is just going to keep climbing unless we change what we are doing as a nation.

Perhaps you are working a "low income job" right now. Most of us have worked a job like that at least once in our lives. Hopefully you will find the following list amusing. Yes, I have exaggerated a few things slightly, but I think you will get the point.

The following are 20 signs you might be a typical American worker....

#1 If you are working three jobs and you still don't have enough money at the end of the month, you might be a typical American worker.

#2 If your job involves asking the question "Would you like fries with that?", you might be a typical American worker.

#3 If you shop at the dollar store because Wal-Mart is too expensive, you might be a typical American worker.

#4 If your job requires you to wear a smock, a brightly colored polo shirt or lots of "flair", you might be a typical American worker.

#5 If people are constantly asking you where the restroom is while you are at work, you might be a typical American worker.

#6 If your employer hires extra part-time workers in order to avoid giving anyone full-time hours, you might be a typical American worker.

#7 If you are required to watch a mindless "training video" after being hired, you might be a typical American worker.

#8 If the company you work for is owned by someone on the other side of the world, you might be a typical American worker.

#9 If a trained seal could do your job and you feel like your expensive education is going to waste, you might be at typical American worker.

#10 If you don't have any health insurance at all, you might be a typical American worker. Only about 25 percent of all part-time workers in the United States receive employee benefits such as health insurance or paid sick leave.

#11 If your car is older than your kids are, you might be a typical American worker.

#12 If you can't afford to buy the things that you are selling to the public, you might be a typical American worker.

#13 If the balances on your credit cards are larger than your bank accounts are, you might be a typical American worker.

#14 If going to Burger King is your idea of "fine dining", then you might be a typical American worker.

#15 If it costs more to fill up your car with gas than you will make at your job today, you might be a typical American worker. The price of gasoline has increased by 83 percent since Barack Obama first took office, and the average cost of a gallon of gas in the United States is now up to $3.52.

#16 If you eat your cereal with a fork so that you can save milk, you might be a typical American worker.

#17 If your electricity bill keeps going up but your paycheck never does, you might be a typical American worker.

#18 If it feels like you are losing an organ every time you pay for health insurance each month, you might be a typical American worker.

#19 If you feel like your employer is constantly tempted to replace you with someone younger and cheaper, then you might be a typical American worker.

#20 If you are so poor that you cannot even afford to pay attention, you might be a typical American worker.

Unfortunately, a lot more Americans are going to be forced into working these kinds of jobs if current trends continue.

Since the year 2000, we have lost 10% of our middle class jobs even though our population has increased by more than 30 million since then. In the year 2000 there were about 72 million middle class jobs in the United States, but today there are only about 65 million middle class jobs.

The lack of good jobs in America has some very real consequences. In particular, our young adults are really feeling the pain of not being able to find quality employment.

According to a recent poll conducted by Generation Opportunity, huge numbers of Americans in the 18 to 29 year old age bracket are delaying major life decisions due to the poor economy....

-44% are delaying buying a home

-28% are delaying saving for retirement

-27% are delaying paying off student loans or other debt

-27% are delaying going back to school or getting more education

-23% are delaying starting a family

-18% are delaying getting married

All of those things take a lot of money, and if you simply don't have the money it makes things really tough.

Sadly, the economy is about to get even worse.

As I have written about previously, what is going on in Greece right now is a warning sign for the rest of the world, and we are on the precipice of another major global financial crisis.

There are an increasing number of voices in the financial world that believe that we are going to see a Greek default in March. So will this actually happen? I certainly don't know. But what some folks are currently saying about the situation sure does make for interesting reading.

In the old days, you could graduate from college, get a good job, work for the same company for 30 years, save up for retirement and count on a comfortable life in your old age.

That paradigm is now totally shattered. The entire global economic system is in a state of chaos and things change faster today than they ever have before.

If you have a job today, it may be gone tomorrow.

The financial institution or insurance company that you are working with today may be out of business by next month.

We live in a world that is becoming increasingly unstable. That is why it is imperative to try to become more self-sufficient and less dependent on the system.

It is tough to plan in such an environment, but one thing is for sure - tough times are coming and things are not going to get any easier than they are now.’

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Europe’s push to protect its neighbors For Europe, what didn’t happen on Friday may have been more important than what did. (Washington Post) [ Hmmm! I’m not going to think too hard about this headline or article; but, that said, sounds awfully euphemistic to me. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm ] Come on! Wake up! What total frauds! Election year temp jobs, trade deficit up, GDP projection down, business inventories miss, manipulations, obfuscations… Dave’s Daily: http://www.etfdigest.com STOCK RALLY FADES WITH CDS ISSUE 3-9-12 [ Dave asututely points out: “Jobless Claims Thursday were weaker than expected (362K vs 351K expected and prior revised higher to 354K). Did you know that prior weekly Jobless Claims data has been revised higher 100% of the time over the past two years? How does that happen this consistently?” – Which I refer to as the ‘data ponzi scheme’ wherein new fake data is used to buoy markets as prior reported fake data is reconciled closer to reality. ] Does China's Forex Policy Beggar Its Neighbors? The Wall Street Journal [ Are you sure the author didn’t mean ‘bugger its neighbors’? Sounds like it; but, it’s really all about cost structures which are far less in China which is the primary reason for China’s export success. Manipulation of currencies is an artifice that the west will ultimately prove does not work at all (all that over-printing / creating of fiat Weimar paper currencies is a time-tested loser).]Rumor planted by fed of QE3 light spurs rally, not the fake, uneconomic jobs estimate from jersey adp for election year spin purposes which only fools believe. How desperate and pathetic! For those who think this money-printing out of thin air is without cost, you’re in for a worse than rude awakening. The global markets have become a joke! This is a ‘full press’ as in ‘fiat paper printing presses in overdrive’ debased Weimar dollars / currencies that will end quite badly so take this opportunity to take profits while you can. The manipulated, contrived, and fake data has all been unaffordably ‘electioneared’ for ‘electionyeared’ spin and propaganda. Don’t be their fool! The full moon previously helped keep the contraindicated lunatics’ huge suckers’ rally going with across the board media et als complicity (infra). But not quite … reality (will) catch(es) up … you know the drill … typical suckers’ surge into the close off lows, etc.. Today’s data looked pretty bad to me, even with the manipulations/spin otherwise, ie., Durable goods orders drop by most in 3 years AP , etc.. Then there was previously the manipulated revision to make this month’s distressed, foreclosure sales (backlog) look better. Total scam! This will all end quite badly and is much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles. { http://albertpeia.com/todaysbusinesssummarylinks.htm - today’s business summary links only, by day – scroll down as well for today’s links and for more complete context – Encouraged and recommended! } This global suckers’ rally is based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare (which is being injected sub rosa, see infra), bad news, fraud, b***s***, and desperation alone, as suckers’ rallies ushered in the new year in a most preposterous fashion [Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’ for the superstitious so-called ‘January effect’ based on based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, b***s***, and desperation alone to suck suckers in and keep suckers sucked in! Don’t be their fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s using the up moves to reduce risk assets / stocks / exposure, in other words, he’s selling the rallies which is sound advice. The fundamentals/realities, current and prospective, are worse than ever. There are no systems/formulas for these unprecedentedly dire times. Don’t be their sucker! This is an especially great opportunity to sell / take profits because there’s much, much worse to come! Here’s a simple chart of the Dow’s history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als.] with lingering intoxication an explanation as the printing presses and issuance of worthless insurmountable debt paper are in full throttle globally (a testament to global blindness as the blind follow the blind) making this impending disaster at this time an especially great opportunity to sell / take profits because there’s much, much worse to come! jersey-lautenberg based adp with 100% better than expectations private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce department data? Labor dept. ue claims / ue numbers? Only a fool believes what they say! ( After One Month Respite, Pink Slips Are Flying Again Durden , Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Durden on 01/06/2012 .. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg , ) The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , ‘…technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57…’ , The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm Why earnings will continue to decline MarketWatch , 10 Things That Every American Should Know About The Federal Reserve Eco.Coll.Blog http://albertpeia.com/10thingsmustknowaboutfedreserve.htm #1 The Federal Reserve System Is A Privately Owned Banking Cartel #2 The Federal Reserve System Is A Perpetual Debt Machine #3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar #4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability #5 The Federal Reserve Is Paying Banks Not To Lend Money #6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging #7 The Federal Reserve System Is Dominated By The Big Wall Street Banks #8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913 #9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence #10 The Federal Reserve Has Become Way Too Powerful , A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm Any financial system that is based on debt is doomed to fail. Today, we are living in the greatest debt bubble that the world has ever seen … , Despite Two Thirds Of Components Declining, Empire Fed Prints At Highest Since June 2010 ZeroHedge | Chalk this one to “seasonal adjustments” or something, cause we no longer have any clue what is going on with the data fudging in America. , 20 Signs You Might Be A Typical American Worker http://albertpeia.com/20signsoftypicalamericanworker.htm , 10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm , 8 Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default http://albertpeia.com/8reasonsgreekdebtdefaultstillcoming.htm , 55 Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm ‘How is the U.S. economy doing in 2012? Unfortunately, it is not doing nearly as well as the mainstream media would have you believe. Yes, things have stabilized for the moment but this bubble of false hope will not last for long. The long-term trends that are ripping our economy and our financial system to shreds continue unabated. When you step back and look at the broader picture, it is hard to deny that we are in really bad shape and that things are rapidly getting worse. Later on in this article you will find a list of interesting facts that show the true state of the U.S. economy… , http://albertpeia.com/debtpercapita.jpg , Double-dip recession setting in across eurozone: EU Thomson | AFP , America 1950 vs. America 2012 http://albertpeia.com/downhillslideofamerica.htm , Society’s Five Stages of Economic Collapse http://albertpeia.com/5stagesofcollapse.htm David Meyer shtfplan.com March 1, 2012 , No Housing Recovery - Case Shiller Shows 8th Consecutive Month Of House Price Declines Durden 2-28-12 Little that can be added here. The December Case Shiller came, saw, and shut up all those who keep calling for a home price recovery. The Index printed at 136.71 on expectations of 137.11, with the prior revised to 138.24. The top 20 City composite was down -0.5% on expectations of a 0.35% drop. 18 out of 20 MSAs saw monthly declines in December over November… , Goldman: Germany Is Now On The Hook By €1 Trillion (Or 40% Of GDP) Durden, , 20 Economic Statistics To Use To Wake Sheeple Up From Their Entertainment-Induced Comas http://albertpeia.com/20ecostatstowakesheeple.htm , Central bank balance sheet expansion since end 2007 Mar 1st, 2012 by News (ZeroHedge) — SNB +230%; Fed +222%, BOJ +125%, BOE +87%, PBOC +93%, ECB +51%. USA Gold / PG View: Pretty strong evidence that the rally in bonds — and by extension the rally in stocks — is nothing but a charade. , 10.7 Percent: Unemployment In Europe Is Worse Than It Was At The Peak Of The Last Recession http://albertpeia.com/europeunemploymentworsethanrecession.htm The unemployment rate in the eurozone is now 10.7 percent. That is the highest the unemployment rate has been since the introduction of the euro. The unemployment rate in the eurozone never got any higher than 10.2 percent during the last recession. This is very troubling news. It was just recently announced that the eurozone has entered another recession, and already the unemployment rate is hitting new record highs… , Inflation Is A Tax And The Federal Reserve Is Taxing The Living Daylights Out Of Us http://albertpeia.com/inflationisatax.htm , Guest Post: Cause, Effects & The Fallacy Of A Return To Normalcy Durden 3-6-12, Market Takes First Big Loss Of 2012 As Investors Eye Greek Debt Swap Forbes , 15 Potentially Massive Threats To The U.S. Economy Over The Next 12 Months http://albertpeia.com/15massivethreatstoeconomy.htm , 1 Through 30 – The Coming U.S. Financial Crisis By The Numbers http://albertpeia.com/1-30usfinancialcrisiscoming.htm , Gallup Finds February US Unemployment Jumps Most Since 2010, Third Consecutive Monthly Increase Durden 3-8-12 , Initial Claims Miss Expectations, Rise For Third Consecutive Week For First Time Since August 2010 Durden 3-8-12 , Greece Has Defaulted - Which Country In Europe Is Next? http://albertpeia.com/greecehasdefaultedwhonext.htm ‘Well, it is official. The restructuring deal between Greece and private investors has been pushed through and the International Swaps and Derivatives Association has ruled that this is a credit event which will trigger credit-default swap contracts. , Goldman Cuts Q1 GDP Forecast To 1.8% On Trade Deficit Surge Durden 3-9-12 Moments ago we tweeted that today's surge in the trade deficit will force banks to start cutting GDP forecasts. Sure enough, Goldman as usual, is the first to set the tone, by cutting its ultra real time GDP forecast from 2.0% to 1.8%. , The Part-Time Economy (Redux) Durden 3-9-12 While not shocking to most, the jump in temporary workers that we cited earlier is perhaps the biggest indicator of job 'quality' gains. As we discussed here last month, the US ~~market~~ economy remains mired in a low quality (“first-fired, first-hired categories rather than the type of core hiring that would build a stronger foundation for income growth,” as FTN's Jim Vogel describes it) recovery. About 160k of private jobs added in Feb are 'low-paying work' which left average hourly earnings up only 0.1% (notes David Ader at CRT) - hardly the recipe for a sustainable recovery and perhaps the slow leak in stocks post the number is the rude awakening to that reality. As w enoted before, "not only is America slipping ever further into a state of permanent "temp job" status, but that a "quality analysis" of the jobs created shows that the US job formation machinery is badly hurt, and just like the marginal utility of debt now hitting a critical inflection point, so the "marginal utility" of incremental jobs is now negative" , US Trade Balance Worst In 39 Months With Largest 3 Month Drop In 20 Years Durden 3-9-12 , NFP Prints At 227K On Expectations Of 210,000, Unemployment Rate At 8.3% Boosted By Temp Jobs Durden 3-9-12 , Import surge sends China trade to decade-deep deficit , Dave’s Daily: http://www.etfdigest.com STOCK RALLY FADES WITH CDS ISSUE 3-9-12 ‘The all-important Employment Report was positive beating estimates but was lower than previous reports (227K new jobs vs 210K expected & prior revised higher 284K: unemployment rate unchanged @ 8.3%). Under the radar screen were Business Inventories missed (.4% vs .6% expected & 1% prior), and the Trade Deficit worsened (-$52.6B vs $-50.4B). The latter was caused by petroleum which will heighten domestic energy policy debates. The trade report caused Goldman Sachs (GS) to lower GDP estimates to 1.8% as if anyone cared. “Soon or late, everyone sits down to a banquet of consequences.”Robert Louis StevensonStevenson’s quote reminded markets late the Greek default (structured or otherwise) has triggered CDS (Credit Default Swap) events. Some major investment banks (you know, the usual suspects) have underwritten and sold these products for generous fees. Now it’s time to pay the piper. , Unpopular but True - The Larger Bear Market Still Looks Intact , Jobs Data Improve, but Growth Picture Darkens The Wall Street Journal , Train Reading: The Underlying Trouble With the Jobs Report The Wall Street Journal-Stephen Grocer , Jobs report shows unemployment steady, but there’s underlying trouble — Zachary Karabell , Iceland calls its former PM to account for financial crash Esther Addley | Haarde is to date the only politician anywhere in the world to face criminal charges over the financial crisis., GE’s Immelt: Global Economy In ‘New Era’ Of Instability wsj.com | Expects interest rates to stay low for an extended period. , U.S. Still Down 6 Million Jobs smartmoney.com | Damage to employment done by the Great Recession is still far from repaired. , Gallup: Unemployment Jumps 0.5 Percent in February Washington Free Beacon | Largest month-to-month increase since December 2010. , Greece Default Is Official; Insurance Payouts Triggered CNBC | That entitles holders of Greek credit default swaps to compensation., Greeks in Despair: Suicide rate record high Russia Today | Greeks’ financial woes continue to snowball., Fitch Downgrades Greece to ‘Restricted Default’ Business Insider | Fitch just downgraded Greece from “C” to “restricted default.”, Security: UK ‘must plan for euro collapse’ BBC | Ministers should draw up plans to deal with a break-up of the eurozone “as a matter of urgency”, a committee of MPs and peers has warned., 18 Statistics That Prove That The Economy Has Not Improved Since Barack Obama Became President http://albertpeia.com/18statseconomynotimprovedsinceobama.htm ‘Has the economy improved since Barack Obama became the president of the United States? Of course not. Despite what you may be hearing in the mainstream media, the truth is that when you compare the U.S. economy on the day that Barack Obama was inaugurated to the U.S. economy today, there is really no comparison. The unemployment crisis is worse than it was then, home values have fallen, the cost of health insurance is up, the cost of gas is way up, the number of Americans living in poverty has soared and the size of our national debt has absolutely exploded. Anyone that believes that things are better than they were when Barack Obama was elected is simply being delusional. , Greece Has Defaulted: Here Is Where We Stand Durden 3-9-12 After reading this, everyone should have a fairly good grasp of what happened not only today, but ever since the great (and quite endless) European financial crisis took center stage, and what to look forward to next... , Chris Martenson Interviews Robert Mish: Front-Line Evidence That We are Nowhere Near a Gold Bubble Durden 3-9-12 , Germany Wants New European Constitution: "There Are New Centers Of Power In The World." Durden 3-9-12 , As First Greek CDS "Anstalt" Appears, A Question Emerges: Did Banks Not Square Off Margins? Durden 3-9-12 The irony is not lost on us that Bloomberg is reporting that KA Finanz, an Austrian bad-bank supported by the Austrian government, faces as much as a €1 billion need for funding to cover its exposures to Greek CDS (coughcreditanstaltcough). In a statement this morning, which we noted in a tweet, the bank noted "activation of the CDS with an assumed loss ratio of about 80% would mean an additional provisioning charge of EUR 423.6 million". KA Finanz's total amount of Greek CDS exposure is around EUR1bn. What is shocking and should be of great concern is that we have been led to believe that very little net cash will change hands on the basis of the $3.2bn net aggregate market exposure. This was based on the now false premise that variation margin was maintained and transferred throughout the process (as we note below from recent IMF filings). What appears to have happened is that dealer to dealer variation margin has been, let's say, less rigorous as perhaps all collateral was netted up across all exposures (or simply ignored on the basis of government backstops). The far bigger question then is: are banks simply marking ALL sovereign CDS at par, and not paying off cash to other dealers? Remember it only takes one counterparty in the chain to turn net into gross and quality collateral seems tied up a little right now at the ECB (or with margin calls). , ISDA CDS Trigger Decision Is Unanimous Durden 3-9-12 In light of today’s EMEA Determinations Committee (the EMEA DC) unanimous decision in respect of the potential Credit Event question relating to The Hellenic Republic (DC Issue 2012030901), the EMEA DC has agreed to publish the following statement:The EMEA DC resolved that a Restructuring Credit Event has occurred under Section 4.7 of the ISDA 2003 Credit Derivatives Definitions (as amended by the July 2009 Supplement) (the 2003 Definitions) following the exercise by The Hellenic Republic of collective action clauses to amend the terms of Greek law governed bonds issued by The Hellenic Republic (the Affected Bonds) such that the right of all holders of the Affected Bonds to receive payments has been reduced. The EMEA DC has resolved to hold an auction with respect to the settlement of standard credit default swaps for which The Hellenic Republic is the reference entity. To maximise the range of obligations that market participants may deliver in settlement of any such credit default swaps, the EMEA DC has agreed to run an expedited auction process such that the auction itself will take place on March 19, 2012. In light of this expedited auction process, market participants should submit any obligations that they would like to include on the list of deliverable obligations to ISDA as soon as possible. , ISDA Finds Greek Credit Event Has Occurred Reports Bloomberg Durden 3-9-12 Total confusion around this, as there is no formal Press Release from ISDA yet, but since this one comes from Bloomberg, let's assume they have double checked their data. From Bloomberg: *ISDA EMEA DETERMINATIONS COMMITTEE: RESTRUCTURING CREDIT EVENT *ISDA SAYS CREDIT EVENT HAS OCCURRED WITH RESPECT TO GREECE *COMMITTEE DETERMINES AUCTION TO BE HELD ON MARCH 19 *ISDA EMEA: AUCTION TO BE HELD ON OUTSTANDING CDS TRANSACTIONS , Greece - Round III, In Which We Learn That Greek Debt Actually INCREASED Post-Default Durden 3-9-12 , The 18 Most Important Names For The Rally To Be Sustained Durden 3-9-12 While everyone is focused on AAPL, or tech names, or energy sector growth, or multiple expansion as the driver of the next leg up in stocks, we take a slightly different tack. US equities are back above the highs of last year while US investment grade credit markets are still well below their best levels of last year. Until credit markets come along for the exuberant ride, and buy into the recovery/growth/no-tail-risk story we will not see a sustained rally (no matter how much fiat currency devaluation is undertaken) and as BARCAP notes today, there are 18 names that account for more than 50% of the discrepancy between equity's ebullience and credit curmudgeon-ness. Of these 18 names, 13 are financials (unsurprisingly) and indeed these are among the most liquid credits traded. So if you are bullish on a sustainable recovery, buying these credits seems the best high beta 'value' trade while bears should continue to watch the lack of confirmation of USD/fiat-numeraired equity market enthusiasm by risk-based credit markets. , Part Time Workers Celebrate The Recovery With Soaring Gun Purchases Durden 3-9-12 Following continued strength in earnings (and analyst upgrades), Smith & Wesson is up 23% this morning (near three year highs). It seems all those freshly printed temporary workers are spending their hard-earned minimum wage on 'defense' instead of iPads , Why JPM Sees A "Lot More Printing" By The ECB Durden 3-9-12 While the catalyst for much of the recent rally in risk assets seems to have been on the back of Europe clambering back from the edge of the abyss (and admittedly hope for better global growth and US decoupling), JPMorgan's Michael Cembalest notes that Europe remains very much an Achilles Heel going forward. With former ECB member Stark's recent comments on the already 'shocking' quality of the ECB's balance sheet, it is the outflows (or net balance of payments) from the periphery that means the ECB will simply have to keep printing. , Guest Post: Our "Let's Pretend" Economy: Let's Pretend "Job Growth Is Best Since 2006" Durden 3-9-12 The Ministry of Propaganda and its media minions are announcing that "job growth is on a tear" and the "best growth since 2006." How about we look under the hood of the employment euphoria? Here is an example of the Ministry's work: Best U.S. employment growth in 12 years Almost all the data agree — labor market’s on a tear.Over the past six months, the number of people who are employed has risen by 2.3 million — an average of 385,000 per month. That’s the best growth since early 2000, when the dot-com bubble was in full flower. Since August, the unemployment rate has fallen by 0.8 of a percentage points, to 8.3%. For adults over 25, the jobless rate has fallen to 7%.In other words, people who generally work full time so they don't have to share a bunk in a flop house or live in their parents' basement are almost fully employed, as 'full employment" typically generates an unemployment rate of 5% just due to churn. Would we as a nation be better off dealing with the truth rather than believing fantasies that prop up the Status Quo and the Fed's dearly beloved measure of the economy, the stock market? How often does accepting illusion help us navigate real life? Short answer: never. , Guest Post: Backing Into World War III? Durden 3-9-12 According to the doctrine of pre-emptive war, Iran can be attacked based on its alleged desire to develop nuclear weapons, just as Iraq was attacked in 2003. In fact, Congress is currently debating whether a nuclear capability alone (which Brazil, Japan, and other countries enjoy) could justify the 'preventive' attack. I believe it is time to negate this doctrine by postulating that Iran in fact has a right, as a sovereign nation, to a nuclear capability. Having traveled to Iran recently, I can attest to the Joint Chiefs' General Dempsey's reference to Iran as a 'rational' actor. The Iranians have no interest in destroying America, or Israel, at the expense of one of the oldest continuous civilizations in the world, dating back about 2600 years. Iran is currently surrounded by over 40 U.S. military installations, not counting Israel's still-unaccounted nuclear arsenal. To assert that Iran would jeopardize its culture for a one-shot nuclear attack is a complete miscalculation of the Iranian spirit; that spirit gave rise to a revolution in 1979 against what they perceived as Anglo-American imperialism in the form of the Shah, much as our own revolution opposed British imperialism.

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Republicans’ message, strategy evolves as economy improves Deprived of the blunt-force instrument they expected to use against Obama in the general election, GOP candidates are shifting campaign rhetoric to more touchy-feely elements of the anemic recovery. 3,300+ comments: 'So hard to fight hard facts' (Washington Post) [ I disagree! I believe it’s more the realization that in bipartisan desperation, ‘they’re all in this together’; that ‘re-election thing’. They are hardly ‘hard facts’; but rather, the obfuscation / spin that merely saying so brings to otherwise nation-bankrupting, record deficit election year spending brings to a nation that’s pervasively corrupt and unequivocably defacto bankrupt. What price for election year façade for re-election purposes? A price that in reality is unaffordable, solves nothing, and exacerbates the already grim prospects for the nation. { THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ( America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke…The government’s total indebtedness is $211 trillion’ ) 18 Statistics That Prove That The Economy Has Not Improved Since Barack Obama Became President http://albertpeia.com/18statseconomynotimprovedsinceobama.htm }

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Obama’s big break His recent luck is in keeping with the streak that propelled him from obscurity into national prominence. (Washington Post) [ Sorry to rain on Mr. Moranus’ parade but the reality is that all incumbents running for re-election are beginning to ‘hear footsteps’ and have now encouraged and jumped aboard that ‘feel good / everything coming up roses / happy days are here again’ media bandwagon, with reality to hit particularly hard post-election. ‘That’s the fact jack’! Talk’s cheap; and, wobama als can run but not hide from even current reality. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ( America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke…The government’s total indebtedness is $211 trillion’ ) 18 Statistics That Prove That The Economy Has Not Improved Since Barack Obama Became President http://albertpeia.com/18statseconomynotimprovedsinceobama.htm ‘Has the economy improved since Barack Obama became the president of the United States? Of course not. Despite what you may be hearing in the mainstream media, the truth is that when you compare the U.S. economy on the day that Barack Obama was inaugurated to the U.S. economy today, there is really no comparison. The unemployment crisis is worse than it was then, home values have fallen, the cost of health insurance is up, the cost of gas is way up, the number of Americans living in poverty has soared and the size of our national debt has absolutely exploded. Anyone that believes that things are better than they were when Barack Obama was elected is simply being delusional. . Yes, things have stabilized somewhat and our economy is not in free fall mode at this point. But don't be fooled. This bubble of false hope will be short-lived. The problems we are seeing develop in Europe will erupt into another full-fledged global financial crisis and economic conditions in the United States will get even worse. When that happens, what possible " economic solutions" will Barack Obama have for us? We never even came close to recovering from the last great financial crisis, and now something potentially even worse is staring us in the face. This is not a great time to have a total lack of leadership in Washington.

The following are 18 statistics that prove that the economy has not improved since Barack Obama became the president of the United States....

#1 Today there are 88 million working age Americans that are not employed and that are not looking for employment. That is an all-time record high.

#2 When Barack Obama was elected, the percentage of unemployed Americans that had been out of work for more than 52 weeks was less than 15%. Today, it is above 30%.

#3 There are 1.2 million fewer jobs in America today than there were when Barack Obama was inaugurated.

#4 When Barack Obama first took office, the number of "long-term unemployed workers" in the United States was approximately 2.6 million. Today, that number is sitting at 5.6 million.

#5 The average duration of unemployment in the United States is hovering close to an all-time record high.

#6 During the Obama administration, worker health insurance costs have risen by 23 percent.

#7 Since Barack Obama has been president, the average price of a gallon of gasoline in the United States has increased by 90 percent.

#8 Since Barack Obama has been president, home values in the United States have declined by another 13 percent.

#9 Under Barack Obama, new home sales in the U.S. set a brand new all-time record low in 2009, they set a brand new all-time record low again in 2010, and they set a brand new all-time record low once again during 2011.

#10 Since Barack Obama took office, the number of Americans living in poverty has risen by more than 6 million.

#11 Since Barack Obama entered the White House, the number of Americans on food stamps has increased from 32 million to 46 million.

#12 The amount of money that the federal government gives directly to Americans has increased by 32 percent since Barack Obama entered the White House.

#13 According to the U.S. Census Bureau, the percentage of Americans living in "extreme poverty" is now sitting at an all-time high.

#14 When Barack Obama first took office, an ounce of gold was going for about $850. Today an ounce of gold costs more than $1700 an ounce.

#15 Since Barack Obama became president, the size of the U.S. national debt has increased by 44 percent.

#16 During Barack Obama's first two years in office, the U.S. government added more to the U.S. national debt than the first 100 U.S. Congresses combined.

#17 During the Obama administration, the U.S. government has accumulated more debt than it did from the time that George Washington took office to the time that Bill Clinton took office.

#18 The U.S. national debt has been increasing by an average of more than 4 billion dollars per day since the beginning of the Obama administration.

Oh, but Barack Obama is promising that things will be much better very soon. Barack Obama is pledging that 2 million more jobs will be added to the economy in 2012.

Do you believe him?

Congress certainly seems to think that things will be getting better. Congress has reduced the maximum amount of time that the unemployed can receive unemployment benefits to 73 weeks. That change will go into effect later this year.

But there are still millions of very talented Americans that cannot find work after years of looking.

So what are they supposed to do?

A recent Business Insider article featured the story of Helen Hatat, a woman from southern California that has been unemployed since 2009....

She lost her job in public relationships in 2009 after more than 20 years of working in the entertainment industry, the Southern California resident said.

"When you don't have a job, you don't find a job, and when you don't have a job, you don't find a home," she said.

At first she tried moving into a homeless shelter, but left because they treated her "like garbage." Eventually she found a friend she could stay with, but this arrangement won't last forever.

"I've found you lose most of your friends, you know. If you have money people love you. If you don't have any money people hate you. They treat you like you are contagious."

As government finances get tight, things are going to get really tough for women like her.

When evaluating the health of the American economy, the key is not to focus on the short-term economic numbers. Sometimes they go up and sometimes they do down.

Instead, the key is to look at the long-term balance sheet numbers. When you do that, it quickly becomes apparent how appalling our economic decline has been.

The size of federal government debt is exploding, state and local governments all over the country are drowning in debt, our collective national wealth is decreasing and our ability to produce new wealth is also being reduced as our economic infrastructure is systematically gutted.

Of course all of the blame should not go to Obama. The truth is that the Federal Reserve has much more power over the economy than Obama does. But the American people are constantly told that the Federal Reserve is "not political" and that we should not criticize the Fed.

So it is kind of ridiculous that presidents are judged by the performance of the economy. Yes, Bush, Clinton, Bush and Obama have all greatly contributed to the mess that we are in, but they are not solely responsible for it.

In the end, however, the outcome of the next presidential election will probably be very heavily influenced by how the U.S. economy performs during the rest of 2012.

Sadly, as our economy declines it is bringing out the worst in many Americans. For example, "sugar daddy" websites are absolutely exploding in popularity. Young women that are hungry for cash are selling their "services" to sick older men who are willing to finance the lifestyles of these desperate young women in exchange for "companionship".

The following comes from a recent article in The Independent....

In America's booming online dating market, few sectors are hotter than so-called "sugar daddy" sites, which help rich men to make "arrangements" with attractive and financially needy younger women. Between them, these specialist sites now account for 10 percent of the entire industry. That's no small beans, given that in the US the online dating business now generates profits estimated at $700m ($442m) per year and, according to the polling firm GlobeSpan, has helped just over one in five Americans to find their life partner.

As the economy gets even worse, millions upon millions of Americans are going to become extremely desperate and will do things for money that they never dreamed that they would do.

That is a very frightening thing.

America is changing, and not for the better.

You better get ready for what is ahead, because Barack Obama is not going to save you.’

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Stock markets rise in Europe, Asia (Washington Post) [ Rising markets … Absolute proof of the disconnect between the markets and the economy/reality/rationality; until, of course, that inevitable moment, the inside take of profits aka the crash. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm ] Dave’s Daily: http://www.etfdigest.com CENTRAL BANKS PUSH MARKETS HIGHER 3-8-12 [ Dave asututely points out: “Jobless Claims Thursday were weaker than expected (362K vs 351K expected and prior revised higher to 354K). Did you know that prior weekly Jobless Claims data has been revised higher 100% of the time over the past two years? How does that happen this consistently?” – Which I refer to as the ‘data ponzi scheme’ wherein new fake data is used to buoy markets as prior reported fake data is reconciled closer to reality. ] Does China's Forex Policy Beggar Its Neighbors? The Wall Street Journal [ Are you sure the author didn’t mean ‘bugger its neighbors’? Sounds like it; but, it’s really all about cost structures which are far less in China which is the primary reason for China’s export success. Manipulation of currencies is an artifice that the west will ultimately prove does not work at all (all that over-printing / creating of fiat Weimar paper currencies is a time-tested loser).]Rumor planted by fed of QE3 light spurs rally, not the fake, uneconomic jobs estimate from jersey adp for election year spin purposes which only fools believe. How desperate and pathetic! For those who think this money-printing out of thin air is without cost, you’re in for a worse than rude awakening. The global markets have become a joke! This is a ‘full press’ as in ‘fiat paper printing presses in overdrive’ debased Weimar dollars / currencies that will end quite badly so take this opportunity to take profits while you can. The manipulated, contrived, and fake data has all been unaffordably ‘electioneared’ for ‘electionyeared’ spin and propaganda. Don’t be their fool! The full moon previously helped keep the contraindicated lunatics’ huge suckers’ rally going with across the board media et als complicity (infra). But not quite … reality (will) catch(es) up … you know the drill … typical suckers’ surge into the close off lows, etc.. Today’s data looked pretty bad to me, even with the manipulations/spin otherwise, ie., Durable goods orders drop by most in 3 years AP , etc.. Then there was previously the manipulated revision to make this month’s distressed, foreclosure sales (backlog) look better. Total scam! This will all end quite badly and is much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles. { http://albertpeia.com/todaysbusinesssummarylinks.htm - today’s business summary links only, by day – scroll down as well for today’s links and for more complete context – Encouraged and recommended! } This global suckers’ rally is based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare (which is being injected sub rosa, see infra), bad news, fraud, b***s***, and desperation alone, as suckers’ rallies ushered in the new year in a most preposterous fashion [Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’ for the superstitious so-called ‘January effect’ based on based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, b***s***, and desperation alone to suck suckers in and keep suckers sucked in! Don’t be their fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s using the up moves to reduce risk assets / stocks / exposure, in other words, he’s selling the rallies which is sound advice. The fundamentals/realities, current and prospective, are worse than ever. There are no systems/formulas for these unprecedentedly dire times. Don’t be their sucker! This is an especially great opportunity to sell / take profits because there’s much, much worse to come! Here’s a simple chart of the Dow’s history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als.] with lingering intoxication an explanation as the printing presses and issuance of worthless insurmountable debt paper are in full throttle globally (a testament to global blindness as the blind follow the blind) making this impending disaster at this time an especially great opportunity to sell / take profits because there’s much, much worse to come! jersey-lautenberg based adp with 100% better than expectations private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce department data? Labor dept. ue claims / ue numbers? Only a fool believes what they say! ( After One Month Respite, Pink Slips Are Flying Again Durden , Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Durden on 01/06/2012 .. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg , ) The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , ‘…technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57…’ , The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm Why earnings will continue to decline MarketWatch , 10 Things That Every American Should Know About The Federal Reserve Eco.Coll.Blog http://albertpeia.com/10thingsmustknowaboutfedreserve.htm #1 The Federal Reserve System Is A Privately Owned Banking Cartel #2 The Federal Reserve System Is A Perpetual Debt Machine #3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar #4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability #5 The Federal Reserve Is Paying Banks Not To Lend Money #6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging #7 The Federal Reserve System Is Dominated By The Big Wall Street Banks #8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913 #9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence #10 The Federal Reserve Has Become Way Too Powerful , A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm Any financial system that is based on debt is doomed to fail. Today, we are living in the greatest debt bubble that the world has ever seen … , Despite Two Thirds Of Components Declining, Empire Fed Prints At Highest Since June 2010 ZeroHedge | Chalk this one to “seasonal adjustments” or something, cause we no longer have any clue what is going on with the data fudging in America. , 20 Signs You Might Be A Typical American Worker http://albertpeia.com/20signsoftypicalamericanworker.htm , 10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm , 8 Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default http://albertpeia.com/8reasonsgreekdebtdefaultstillcoming.htm , 55 Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm ‘How is the U.S. economy doing in 2012? Unfortunately, it is not doing nearly as well as the mainstream media would have you believe. Yes, things have stabilized for the moment but this bubble of false hope will not last for long. The long-term trends that are ripping our economy and our financial system to shreds continue unabated. When you step back and look at the broader picture, it is hard to deny that we are in really bad shape and that things are rapidly getting worse. Later on in this article you will find a list of interesting facts that show the true state of the U.S. economy… , http://albertpeia.com/debtpercapita.jpg , Double-dip recession setting in across eurozone: EU Thomson | AFP , America 1950 vs. America 2012 http://albertpeia.com/downhillslideofamerica.htm , Society’s Five Stages of Economic Collapse http://albertpeia.com/5stagesofcollapse.htm David Meyer shtfplan.com March 1, 2012 , No Housing Recovery - Case Shiller Shows 8th Consecutive Month Of House Price Declines Durden 2-28-12 Little that can be added here. The December Case Shiller came, saw, and shut up all those who keep calling for a home price recovery. The Index printed at 136.71 on expectations of 137.11, with the prior revised to 138.24. The top 20 City composite was down -0.5% on expectations of a 0.35% drop. 18 out of 20 MSAs saw monthly declines in December over November… , Goldman: Germany Is Now On The Hook By €1 Trillion (Or 40% Of GDP) Durden, , 20 Economic Statistics To Use To Wake Sheeple Up From Their Entertainment-Induced Comas http://albertpeia.com/20ecostatstowakesheeple.htm , Central bank balance sheet expansion since end 2007 Mar 1st, 2012 by News (ZeroHedge) — SNB +230%; Fed +222%, BOJ +125%, BOE +87%, PBOC +93%, ECB +51%. USA Gold / PG View: Pretty strong evidence that the rally in bonds — and by extension the rally in stocks — is nothing but a charade. , 10.7 Percent: Unemployment In Europe Is Worse Than It Was At The Peak Of The Last Recession http://albertpeia.com/europeunemploymentworsethanrecession.htm The unemployment rate in the eurozone is now 10.7 percent. That is the highest the unemployment rate has been since the introduction of the euro. The unemployment rate in the eurozone never got any higher than 10.2 percent during the last recession. This is very troubling news. It was just recently announced that the eurozone has entered another recession, and already the unemployment rate is hitting new record highs… , Inflation Is A Tax And The Federal Reserve Is Taxing The Living Daylights Out Of Us http://albertpeia.com/inflationisatax.htm , Guest Post: Cause, Effects & The Fallacy Of A Return To Normalcy Durden 3-6-12, Market Takes First Big Loss Of 2012 As Investors Eye Greek Debt Swap Forbes , 15 Potentially Massive Threats To The U.S. Economy Over The Next 12 Months http://albertpeia.com/15massivethreatstoeconomy.htm , 1 Through 30 – The Coming U.S. Financial Crisis By The Numbers http://albertpeia.com/1-30usfinancialcrisiscoming.htm , Gallup Finds February US Unemployment Jumps Most Since 2010, Third Consecutive Monthly Increase Durden 3-8-12 , Initial Claims Miss Expectations, Rise For Third Consecutive Week For First Time Since August 2010 Durden 3-8-12 , D.R. Horton: Bear Expects Stock's Rally To Snap The Wall Street Journal , U.S. Unemployment Up in February

Mar 8th, 2012 , ECB Sees Shrinking Euro Zone Mar 8th, 2012 0 (The Wall Street Journal) — The European Central Bank Thursday admitted that the euro-zone’s economy is likely to contract this year, and that inflation will outstrip the bank’s medium target…, Mr. Market: Get It Through Your Head, The PSI DOESN’T Matter March 9, 2012 By http://gainspainscapital.com ‘I don’t know how many times I have to say this, but I’m saying it again.Greece and the Euro are finished. The math is impossible. There is no way on earth that this Second Bailout accomplishes anything worthy of note. The idea that this country will somehow return to economic growth within two years, based on an additional €130billion in bailouts is outright insane.Remember, Greece already received €110 billion in bailout funds in 2010… and still posted GDP growth of -4.5% in 2010 and -6.8% in 2011. Greece’s economy is only €227 billion, so the country failed to post any economic growth and in fact saw its economic collapse accelerate after receiving a bailout equal to 57% of its GDP!!!And somehow another 130€ billion is going to get this country back to economic growth in two years’ time? Greece hasn’t experienced any growth in five years.Again, this entire deal is just stupid. And all it’s done is alert Spain and Italy to the fact that handing over fiscal sovereignty and implementing austerity measures in exchange for bailouts is a waste of time.As I wrote to clients several weeks ago:Meanwhile, on the other side of EU equation, Spain and Italy must be watching what’s happening in Greece and asking themselves whether they want to go through this whole process of negotiating for bailouts via austerity measures.Both countries have already had a small sampling of the austerity measure medicine. Spain recently implemented a meager 19€ billion in austerity measures while Italy passed 30€ billion in austerity measures in 2011… hardly a drop out of their respective 1.06€ trillion and 1.5€ trillion economies.Yet, even these tiny moves resulted in protests and riots …’, US Budget Deficit Hits All Time High In February Durden 3-8-12 , Not So Fast On That Whole Economic Recovery Thing http://albertpeia.com/notsofastonthateconomicrecoverything.htm ‘Not so fast. Those that are publicly declaring that an economic recovery has arrived are ignoring a whole host of numbers that indicate that the U.S. economy is in absolutely horrendous shape. The truth is that the health of an economy should not be measured by how well the stock market is doing. Rather, the truth health of an economy should be evaluated by looking at numbers for things like jobs, housing, poverty and debt. Some of the latest economic statistics indicate that unemployment is getting a little bit worse, that the housing market continues to deteriorate, that poverty in America continues to soar and that our debt problem is worse than ever. If we were truly experiencing the kind of economic recovery that the United States has experienced after every other post-World War II recession we would see a sharp improvement across the board in most of our economic statistics. But that simply is not happening. Sadly, this is about as much of an "economic recovery" as we are going to get because soon the economy will be getting much worse…’ , Dave’s Daily: http://www.etfdigest.com CENTRAL BANKS PUSH MARKETS HIGHER 3-8-12 [ Dave asututely points out: “Jobless Claims Thursday were weaker than expected (362K vs 351K expected and prior revised higher to 354K). Did you know that prior weekly Jobless Claims data has been revised higher 100% of the time over the past two years? How does that happen this consistently?” – Which I refer to as the ‘data ponzi scheme’ wherein new fake data is used to buoy markets as prior reported fake data is reconciled closer to reality. ] ‘The previous theme over the past 3 years may be repeating as 2012 moves forward: “Bad news is good, good news is better”. Of lying and willfully misleading investors is a path we shouldn’t go down. The truth is the most thoughtful people involved with markets are being steamrolled by central bank liquidity. Whether it’s the ECB, Bank of England, Bank of Japan, People’s Bank of China or the U.S. Fed QE and ZIRP trump all other analysis. If employment or eurozone conditions are weak you must put your mind with “Orwellian” thinking since bad news means more liquidity. Good news means good news and asset prices will inflate even more…’ , Why Is Global Shipping Slowing Down So Dramatically? http://albertpeia.com/globalshippingslowingdramatically.htm , Greece Issues Statement On PSI, Says €172 Billion Of Bonds Tendered In Swap, Will Enact CACs, ISDA To Meet At 1pm To Find If CDS Trigger Durden 3-9-12 , Risk-Off Initial Reaction To PSI Deal Durden 3-9-12 Broadly speaking markets are derisking post the PSI deal announcements. Treasuries are 1-2bps lower in yields, EURUSD is down 35pips or so under 1.3230 (and JPY is rallying as carry is unwound), ES has dropped -5pts, Gold and Silver are sliding modestly, and WTI is off its peak but remains over $107. , Has Japan Run Out Of Cans To Kick? Durden 3-8-12 Japan's Trade and Current Account imbalances appear to be hitting some kind of terminal velocity and while neither JGBs nor CDS seem to reflect the ensuing chaotic recognition that perhaps the can that has been so faithfully kicked down the "Nishi-no-michi" or the West Road may have plunged over the lip of Mount Fuji (conjuring images of Mordor), FX markets recent and abrupt weakness brought on by yet more printing (a topic we discussed in great detail recently as the chosen heretical method du decade) may well be coming face to face with reality. , The Stranger Beside You - Spouses And ETFs Durden 3-8-12 ETF fund flows have been a uniformly positive source of capital into U.S. risk markets in 2012. Looking a little deeper at the decidedly 'risk-on' flows, Nic Colas (of Convergex Group) notes perhaps their most provocative feature has been their high degree of net concentration. When you look at the entire “ETF Ecosystem” of listed funds, just 6 funds represent all the net gains in assets over the past month ($5.4 billion in net inflows) – LQD, HYG and JNK in fixed income, VWO in emerging markets, VXX in risk, and GLD in commodities. , Reuters Reports That Hedge Funds Have Found Greek Default Trigger Loophole Durden 3-8-12 While the general market mood is one of pre-default euphoria reminiscent of that in the pre-Lehman weekend, clouds may be brewing. As Reuters reports, "Some hedge funds have found a legal loophole they believe will force Greece to repay some of its debt in full, three sources close to the matter said on Thursday, in a move that would intensify the standoff between the country and its debtors.", Obama Denies Trying To Bribe Israel In Exchange For Iran Bombing Delay Durden 3-8-12 , Guest Post: The Story Behind US Gas Price Pain Durden 3-8-12 , Texas Instruments Cuts Guidance As Usual, Fifth Consecutive Cut Durden 3-8-12 , The US Deleveraging Is Now Over Durden 3-8-12 … The credit bubble is now officially back., Fed's Advice On Trading The Sun's Moodiness Durden 3-8-12 While we have unapologetically highlighted some of the incredible taxpayer-funded research undertaken by the Fed such as "Why water is wet?" and "Why the sky is blue?", this little gem from the Atlanta Fed takes the proverbial biscuit: "Playing the Field: Geomagnetic Storms and the Stock Market… , Greek "Fresh Start" Bonds Face Immediate 80% Loss, 98% Probability Of Redefault Durden 3-8-12 , Presenting Europe's Schizophrenia Post LTRO Durden 3-8-12 , Guest Post: Our "Let's Pretend" Economy: Let's Pretend Financialization Hasn't Killed the Economy Durden 3-8-12 , Art Cashin Deconstructs The Fed's Paradoxical QE Approach Durden 3-8-12 Yesterday we were quite amused to note that following the Hilsenrath leak (pre-backpeddaling as a result of some FRBNY spanking) of a sterilized QE that for supposedly tries to avoid "generating" inflation (hence confirming that QE does in fact stimulate inflation instead of being a tool to lower rates and make housing affordable) the market reaction was... inflationary, with stocks rising, but far less than crude and gold. So much for the Fed's trial balloon to see if it can intervene in the market without costing Obama a few million ballots. Today, Art Cashin observes precisely the same paradoxical response in his daily note. , Obama Promises Bunker Busters To Israel If Netanyahu Delays Iran Invasion Until After US Elections Durden 3-8-12 , Some Problem Banks May Never Exit Federal Bailout WSJ , The Moon Claimed The Titanic; Will The Sun Sink The Stock Market? The Wall Street Journal [ Well, I don’t know about the Titanic, but the moon surely sunk the slimy newt. As for the stock market, it’s still about the moon as in lune as in lunatics, which they are. This is a great opportunity to sell, take profits since there’s much worse to come. ] , Does China's Forex Policy Beggar Its Neighbors? The Wall Street Journal [ Are you sure the author didn’t mean ‘bugger its neighbors’? Sounds like it; but, it’s really all about cost structures which are far less in China which is the primary reason for China’s export success. Manipulation of currencies is an artifice that the west will ultimately prove does not work at all (all that over-printing / creating of fiat Weimar paper currencies is a time-tested loser).] , Consumer Most Upbeat Since Fall 2008, RBC Survey Says The Wall Street Journal [And, we all know what happened then!] , Durden Switzerland Wants Its Gold Back From The New York Fed 3-8-12 [ Good luck with that. As with fort knox as well, I personally believe much of the real gold (some gold-plate bullion around) has been looted. I bet the American criminals refuse based on some tenuous pretext to cover for the theft.)] Zero Hedge | Needless to say the implications of this vote actually succeeding are comparable to the Greeks holding a referendum on whether or not to be in the Eurozone.

1 Through 30 – The Coming U.S. Financial Crisis By The Numbers http://albertpeia.com/1-30usfinancialcrisiscoming.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

U.S. adds 227,000 jobs; rate remains at 8.3%Employers in February completed three of the best months of hiring since the recession began. The Labor Department says the unemployment rate stayed at 8.3 percent, the lowest in three years. Wonkbook: Why a rising unemployment rate could mean a real recovery (Washington Post) [ I haven’t read the Wonkbook article because I’m sure from the headline it’s going to be total bs! I am, however, going to guess as to the central premise of said piece (of hes). A rising unemployment rate could mean a real recovery because: people are re-entering the workforce/job search people are so encouraged by the economic resurgence that they are re-entering the workplace/searches for work fewer people are dropping out of the work force the labor participation rate is increasing because things are just dandy ….. Now I’m going to check before posting to the main article – # ‘many of the long-term unemployed never made it back into the labor force, and that the economy is producing less than it otherwise could’ #’ ... the labor force participation rate - the percentage of Americans working or looking to work - has declined to its lowest level since the 1980s. The strengthening recovery has reignited a long-running debate about how many of those workers will come back’ # ‘catch-up growth in the labor market, that may push back the return of full employment, and it may even temporarily increase the unemployment rate, but it will mean we’re seeing a fuller recovery’. I wouldn’t buy the aforesaid bs even if it wasn’t an election year; but certainly, in light of the abounding desperation, don’t buy the b.s. in this election year. There are only so many ‘make-work/make-shift’ uneconomic jobs a nation can do. 20 Signs You Might Be A Typical American Worker http://albertpeia.com/20signsoftypicalamericanworker.htm , 10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm , 8 Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default http://albertpeia.com/8reasonsgreekdebtdefaultstillcoming.htm , 55 Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm, 20 Economic Statistics To Use To Wake Sheeple Up From Their Entertainment-Induced Comas http://albertpeia.com/20ecostatstowakesheeple.htm , Not So Fast On That Whole Economic Recovery Thing http://theeconomiccollapseblog.com http://albertpeia.com/notsofastonthateconomicrecoverything.htm

People must realize that hope / hopium is not a strategy!

{ to pad stats - Drudgereport: `Obama Economists Admit: 'Stimulus' Cost $278,000 per Job...` } and those unaffordably costly cars { to pad sales - Drudgereport (on Government Motors): `REPORT: Chevy Volt Costing Taxpayers Up to $250K Per Vehicle...` `CAVUTO: Volt sales inflated with taxpayer fleet buys...` } Is the unemployment rate misleading? WONKBLOG | Some point out that it doesn’t count those who’ve given up looking for work. (Washington Post) [ Duh! Ya think? I don’t even buy their raw numbers; and, even if, arguendo, their raw numbers real, they are election year expedient at best for ‘reporting purposes’ and uneconomic, overcostly, and very, very temporary http://albertpeia.com/governmentfraudulentemploymentstats.htm . White House was warned about Solyndra layoffs E-mails show Energy Dept. asked firm in October 2010 to delay news of layoffs until after midterm vote. (Washington Post) [ Those unaffordably costly jobs and those unaffordably costly military industrial complex welfare programs . The ‘so-called improvement’? At what cost for election appearances only?

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Greece secures backing for credit swap Deal to wipe off more than half of private debt is a crucial step. (Washington Post) [ Mr. Summers really follows this closely and cuts through the subterfuge: Mr. Market: Get It Through Your Head, The PSI DOESN’T Matter March 9, 2012 By http://gainspainscapital.com ‘I don’t know how many times I have to say this, but I’m saying it again. Greece and the Euro are finished. The math is impossible. There is no way on earth that this Second Bailout accomplishes anything worthy of note. The idea that this country will somehow return to economic growth within two years, based on an additional €130billion in bailouts is outright insane.

Remember, Greece already received €110 billion in bailout funds in 2010… and still posted GDP growth of -4.5% in 2010 and -6.8% in 2011. Greece’s economy is only €227 billion, so the country failed to post any economic growth and in fact saw its economic collapse accelerate after receiving a bailout equal to 57% of its GDP!!!

And somehow another 130€ billion is going to get this country back to economic growth in two years’ time? Greece hasn’t experienced any growth in five years.

Again, this entire deal is just stupid. And all it’s done is alert Spain and Italy to the fact that handing over fiscal sovereignty and implementing austerity measures in exchange for bailouts is a waste of time.

As I wrote to clients several weeks ago:

Meanwhile, on the other side of EU equation, Spain and Italy must be watching what’s happening in Greece and asking themselves whether they want to go through this whole process of negotiating for bailouts via austerity measures.

Spain’s official Debt to GDP is only 64%, but its private sector debt is at an astounding 227% of GDP. And the Spanish banking system is leveraged at 19 to 1 (worse than Greece).

So… we must consider that it is highly likely the option of simply defaulting is being discussed at the highest levels of the Spanish and Italian government. Should either country decide that austerity measures don’t work and it’s simply easier to opt for a default, then we are heading into a Crisis that will make 2008 look like a joke.

Well, Spain just woke up and smelled the coffee:

Spain’s sovereign thunderclap and the end of Merkel’s Europe

http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100015432/spains-sovereign-thunderclap-and-the-end-of-merkels-europe/

So… if you still think the Greek PSI matters in any way, you’re not thinking past the next 24 hours. Spain has just told the EU to “shove it.” Having seen Greece enter a depression and get pushed around by Germany and France for two years, Spain’s just told the EU that it’s not going that route.

So… if Greece, whose economy is roughly the size of Massachusetts, nearly took down the European banking system… what do you think will happen when Spain decides to it doesn’t want to play ball and would rather just default.

HINT: IT WILL BE LEHMAN TIMES TEN…’

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

February jobs report: ‘Let’s call it a recovery’ The U.S. economy added 227,000 jobs last month, according to the Bureau of Labor Statistics’s monthly report. That was above economists’ expectations of 210,000 new jobs. And there was even more uplifting news in the data revisions for previous months. (Washington Post) [ Call it whatever you want, it doesn’t change the reality of what it is in this desperate election cycle.

Not So Fast On That Whole Economic Recovery Thing http://theeconomiccollapseblog.com

http://albertpeia.com/notsofastonthateconomicrecoverything.htm

‘Not so fast. Those that are publicly declaring that an economic recovery has arrived are ignoring a whole host of numbers that indicate that the U.S. economy is in absolutely horrendous shape. The truth is that the health of an economy should not be measured by how well the stock market is doing. Rather, the truth health of an economy should be evaluated by looking at numbers for things like jobs, housing, poverty and debt. Some of the latest economic statistics indicate that unemployment is getting a little bit worse, that the housing market continues to deteriorate, that poverty in America continues to soar and that our debt problem is worse than ever. If we were truly experiencing the kind of economic recovery that the United States has experienced after every other post-World War II recession we would see a sharp improvement across the board in most of our economic statistics. But that simply is not happening. Sadly, this is about as much of an "economic recovery" as we are going to get because soon the economy will be getting much worse. So enjoy this period of relative stability while you can.

The Obama administration would have us believe that unemployment in the United States has declined, but the truth is that the percentage of working age Americans that are employed has stayed very, very flat for more than two years and now there are some measures of unemployment that are actually getting worse.

For example, according to Gallup the unemployment rate in the United States has risen from 8.5% in December to 8.6% in January to 9.1% in February. The Obama administration would have us believe that it is actually going the other direction.

Initial unemployment claims are rising again. For the week ending March 3rd, they increased by 8,000 over the previous week to 362,000. This is not the kind of good news that people were hoping for.

What the U.S. economy could really use are millions of good jobs. But those are being shipped out of the country at a staggering pace.

Right now there are millions of Americans in their prime working years that are sitting at home wondering what to do with their lives. The average duration of unemployment in the United States continues to hover near a record high, and if we were truly experiencing an economic recovery it should have been falling by now.

But a lot of Americans have bought into the propaganda about an economic recovery and they are out running up huge amounts of debt once again. In January, consumer credit increased by much more than expected. The following is from a recent Reuters report....

Nonrevolving credit, which includes auto loans as well as student loans made by the government, rose $20.723 billion during the month. That was the biggest increase in dollar terms since November 2001, when credit was surging in the wake of the September 11 attacks in New York and Washington.

Don't fall into the trap of debt slavery. During the last recession millions of Americans lost their homes and most of what they owned because they got overextended.

Don't do it.

The U.S. housing market continues to deeply struggle as well. If we were really in an economic recovery housing would be bouncing back. But that is not happening. Just consider the following facts....

*The number of new homes sold in the United States continues to hover near a record low.

*U.S. home prices in the 4th quarter of 2011 were four percent lower than they were during the 4th quarter of 2010.

*According to CoreLogic, 22.8 percent of all homes with a mortgage in the United States were in negative equity as of the end of the 4th quarter of 2011. That was an increase from 22.1 percent in the third quarter.

Why are things still getting worse for the U.S housing market?

That is a really good question.

We should have seen some improvement by now.

But it isn't happening.

Also, poverty in America continues to explode.

For example, the number of Americans on food stamps has increased to 46.5 million - a brand new all-time record.

If we really were in an economic recovery, wouldn't that number be going down?

We should be thankful that the U.S. economy is not declining as rapidly as it was during 2008 and 2009. But what we are experiencing right now is not an economic recovery. It is simply just a bubble of false hope.

The big problem is that our nation is covered in an ocean of constantly expanding debt.

U.S. consumers are drowning in debt, U.S. businesses have pushed debt levels to the red line, and the U.S. financial system is massively overleveraged.

Of course government debt is our biggest debt problem of all.

All over the nation, state and local governments are on the verge of financial ruin.

If we were in the middle of an economic recovery, so many states would not be in crisis mode. A recent article in the Los Angeles Times declared that "California could run out of cash in March". As the economy continues to crumble we are going to hear a lot more of this kind of thing.

A lot of local governments around the nation are on the verge of total financial collapse. Stockton, California has announced that they will be defaulting on some debt payments, and Suffolk County in New York recently declared a fiscal emergency after discovering that it would rack up more than 500 million dollars of debt between 2011 and 2013.

Keep your eyes open for more news items like this in the months ahead.

Of course the biggest problem of all is the U.S. national debt and it continues to rapidly get worse.

According to the Congressional Budget Office, the U.S. government had a budget deficit of 229 billion dollars in the month of February. That is the worst one month budget deficit in the history of the United States.

The Congressional Budget Office also says that the U.S. government is now borrowing 42 cents of every single dollar that it spends.

Ouch.

The U.S. national debt has gotten more than 59 times larger since 1950.

The U.S. national debt is now more than 22 times larger than it was when Jimmy Carter became president.

Are there any words in the English language that are strong enough to describe how foolish we have been?

Of course we won't be able to accumulate so much debt indefinitely. At some point the trillion dollar deficits will stop and our false prosperity will disappear.

If you want to get an idea of what happens then, just take a look at Greece.

But Barack Obama and most members of the U.S. Congress don't really care about what they are doing to our future.

What they care about is winning the next election so that they can continue living their fabulous lives.

Barack Obama is supposed to be taking care of the American people, but instead he has been very busy taking care of the people who helped him get elected. Politics in America is all about money. Just check out the following very short excerpt from a recent article in the Washington Post....

More than half of Obama’s 47 biggest fundraisers, those who collected at least $500,000 for his campaign, have been given administration jobs. Nine more have been appointed to presidential boards and committees.

At least 24 Obama bundlers were given posts as foreign ambassadors, including in Finland, Australia, Portugal and Luxembourg. Among them is Don Beyer, a former Virginia lieutenant governor who serves as ambassador to Switzerland and Liechtenstein.

Washington D.C. is deeply corrupt and if you are waiting for our politicians to fix our problems you are going to be deeply disappointed.

The federal government is not going to save you.

Our politicians are not going to save you.

You better figure out how you are going to take care of yourself and your family in the years ahead because this is about as good as things are going to get.

This "economic recovery" is about to end and more pain is about to begin.’

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Foreclosures will probably rise in 2012 And that could be a good sign if it means the enormous backlog is being cleared out. (Washington Post) [ Indeed they will; and, from the ‘glass half full’ perspective, oh how those ‘existing home sales numbers’ will just drive those computer high frequency trade program algos wild, which of course in old lingo means, more churn-and-earn. Yet, backlog being cleared out is a coincident event that like the ‘greek tragedies’ we’re witnessing, is one that will go on and on, coming to all regions near you, and has ‘not yet begun to bite’ (courtesy of the election year – price to be paid thereafter) http://albertpeia.com/35shockingstatsworseamerica.htm . Inflation Is A Tax And The Federal Reserve Is Taxing The Living Daylights Out Of Us http://albertpeia.com/inflationisatax.htm , Guest Post: Cause, Effects & The Fallacy Of A Return To Normalcy Durden 3-6-12, Market Takes First Big Loss Of 2012 As Investors Eye Greek Debt Swap Forbes , 15 Potentially Massive Threats To The U.S. Economy Over The Next 12 Months http://albertpeia.com/15massivethreatstoeconomy.htm , 1 Through 30 – The Coming U.S. Financial Crisis By The Numbers http://albertpeia.com/1-30usfinancialcrisiscoming.htm ‘The United States is drowning in a sea of red ink from coast to coast and most Americans have absolutely no idea what is about to happen. Hopefully you have started to prepare for the coming U.S. financial crisis. If not, hopefully this article will be a wake up call for you. Right now, governments all over Europe are on the verge of financial implosion. Most Americans aren't paying much attention to that, but they should be, because what is happening to Greece and Italy right now will eventually be happening here. Just recently, the U.S. national debt passed the 15 trillion dollar mark. State and local government debt is also at record levels. Tens of millions of American families are in debt up to their eyeballs, and millions more Americans fell into poverty last year. Meanwhile, the "too big to fail" banks just keep getting larger and the Federal Reserve continues to inflate the debt bubble. At some point this debt bubble is going to burst, and when it does it is going to unleash financial hell all over America… . David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv , ‘…technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57…’ , The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm Why earnings will continue to decline MarketWatch , 10 Things That Every American Should Know About The Federal Reserve Eco.Coll.Blog http://albertpeia.com/10thingsmustknowaboutfedreserve.htm #1 The Federal Reserve System Is A Privately Owned Banking Cartel #2 The Federal Reserve System Is A Perpetual Debt Machine #3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar #4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability #5 The Federal Reserve Is Paying Banks Not To Lend Money #6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging #7 The Federal Reserve System Is Dominated By The Big Wall Street Banks #8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913 #9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence #10 The Federal Reserve Has Become Way Too Powerful , A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm Any financial system that is based on debt is doomed to fail. Today, we are living in the greatest debt bubble that the world has ever seen … , Despite Two Thirds Of Components Declining, Empire Fed Prints At Highest Since June 2010 ZeroHedge | Chalk this one to “seasonal adjustments” or something, cause we no longer have any clue what is going on with the data fudging in America. , 20 Signs You Might Be A Typical American Worker http://albertpeia.com/20signsoftypicalamericanworker.htm , 10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm , 8 Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default http://albertpeia.com/8reasonsgreekdebtdefaultstillcoming.htm , 55 Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm ‘How is the U.S. economy doing in 2012? Unfortunately, it is not doing nearly as well as the mainstream media would have you believe. Yes, things have stabilized for the moment but this bubble of false hope will not last for long. The long-term trends that are ripping our economy and our financial system to shreds continue unabated. When you step back and look at the broader picture, it is hard to deny that we are in really bad shape and that things are rapidly getting worse. Later on in this article you will find a list of interesting facts that show the true state of the U.S. economy… , http://albertpeia.com/debtpercapita.jpg , Double-dip recession setting in across eurozone: EU Thomson | AFP , America 1950 vs. America 2012 http://albertpeia.com/downhillslideofamerica.htm , Society’s Five Stages of Economic Collapse http://albertpeia.com/5stagesofcollapse.htm David Meyer shtfplan.com March 1, 2012 , No Housing Recovery - Case Shiller Shows 8th Consecutive Month Of House Price Declines Durden 2-28-12 Little that can be added here. The December Case Shiller came, saw, and shut up all those who keep calling for a home price recovery. The Index printed at 136.71 on expectations of 137.11, with the prior revised to 138.24. The top 20 City composite was down -0.5% on expectations of a 0.35% drop. 18 out of 20 MSAs saw monthly declines in December over November… , Goldman: Germany Is Now On The Hook By €1 Trillion (Or 40% Of GDP) Durden, , 20 Economic Statistics To Use To Wake Sheeple Up From Their Entertainment-Induced Comas http://albertpeia.com/20ecostatstowakesheeple.htm , Central bank balance sheet expansion since end 2007 Mar 1st, 2012 15:38 by News (ZeroHedge) — SNB +230%; Fed +222%, BOJ +125%, BOE +87%, PBOC +93%, ECB +51%. USA Gold / PG View: Pretty strong evidence that the rally in bonds — and by extension the rally in stocks — is nothing but a charade. , 10.7 Percent: Unemployment In Europe Is Worse Than It Was At The Peak Of The Last Recession http://albertpeia.com/europeunemploymentworsethanrecession.htm The unemployment rate in the eurozone is now 10.7 percent. That is the highest the unemployment rate has been since the introduction of the euro. The unemployment rate in the eurozone never got any higher than 10.2 percent during the last recession. This is very troubling news. It was just recently announced that the eurozone has entered another recession, and already the unemployment rate is hitting new record highs… ,

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Greek debt write-down deadline looms Greece will tally a debt write-down Thursday to see if enough investors have agreed to participate. (Washington Post) [ Though required reading in college, I never really thought about greek drama ….. until … this. And, now there seems no end; certainly, to the ongoing forever necessary ‘patchwork’; not solution mind you, but enough to say ‘no default’ to preclude the trigger for the already insolvent and unpayable protections (derivatives, etc.) in such event. Yes, the worst of wall street fraud, churn-and-earn computerized manipulation has gone global. Greek tragedy? More like, world tragedy.

The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm ] Rumor planted by fed of QE3 light spurs rally, not the fake, uneconomic jobs estimate from jersey adp for election year spin purposes which only fools believe. How desperate and pathetic! For those who think this money-printing out of thin air is without cost, you’re in for a worse than rude awakening. The global markets have become a joke! This is a ‘full press’ as in ‘fiat paper printing presses in overdrive’ debased Weimar dollars / currencies that will end quite badly so take this opportunity to take profits while you can. The manipulated, contrived, and fake data has all been unaffordably ‘electioneared’ for ‘electionyeared’ spin and propaganda. Don’t be their fool! The full moon previously helped keep the contraindicated lunatics’ huge suckers’ rally going with across the board media et als complicity (infra). But not quite … reality (will) catch(es) up … you know the drill … typical suckers’ surge into the close off lows, etc.. Today’s data looked pretty bad to me, even with the manipulations/spin otherwise, ie., Durable goods orders drop by most in 3 years AP , etc.. Then there was previously the manipulated revision to make this month’s distressed, foreclosure sales (backlog) look better. Total scam! This will all end quite badly and is much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles. { http://albertpeia.com/todaysbusinesssummarylinks.htm - today’s business summary links only, by day – scroll down as well for today’s links and for more complete context – Encouraged and recommended! } This global suckers’ rally is based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare (which is being injected sub rosa, see infra), bad news, fraud, b***s***, and desperation alone, as suckers’ rallies ushered in the new year in a most preposterous fashion [Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’ for the superstitious so-called ‘January effect’ based on based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, b***s***, and desperation alone to suck suckers in and keep suckers sucked in! Don’t be their fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s using the up moves to reduce risk assets / stocks / exposure, in other words, he’s selling the rallies which is sound advice. The fundamentals/realities, current and prospective, are worse than ever. There are no systems/formulas for these unprecedentedly dire times. Don’t be their sucker! This is an especially great opportunity to sell / take profits because there’s much, much worse to come! Here’s a simple chart of the Dow’s history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als.] with lingering intoxication an explanation as the printing presses and issuance of worthless insurmountable debt paper are in full throttle globally (a testament to global blindness as the blind follow the blind) making this impending disaster at this time an especially great opportunity to sell / take profits because there’s much, much worse to come! jersey-lautenberg based adp with 100% better than expectations private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce department data? Labor dept. ue claims / ue numbers? Only a fool believes what they say! ( After One Month Respite, Pink Slips Are Flying Again Durden , Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Durden on 01/06/2012 .. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg , ) The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , ‘…technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57…’ , The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm Why earnings will continue to decline MarketWatch , 10 Things That Every American Should Know About The Federal Reserve Eco.Coll.Blog http://albertpeia.com/10thingsmustknowaboutfedreserve.htm #1 The Federal Reserve System Is A Privately Owned Banking Cartel #2 The Federal Reserve System Is A Perpetual Debt Machine #3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar #4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability #5 The Federal Reserve Is Paying Banks Not To Lend Money #6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging #7 The Federal Reserve System Is Dominated By The Big Wall Street Banks #8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913 #9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence #10 The Federal Reserve Has Become Way Too Powerful , A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm Any financial system that is based on debt is doomed to fail. Today, we are living in the greatest debt bubble that the world has ever seen … , Despite Two Thirds Of Components Declining, Empire Fed Prints At Highest Since June 2010 ZeroHedge | Chalk this one to “seasonal adjustments” or something, cause we no longer have any clue what is going on with the data fudging in America. , 20 Signs You Might Be A Typical American Worker http://albertpeia.com/20signsoftypicalamericanworker.htm , 10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm , 8 Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default http://albertpeia.com/8reasonsgreekdebtdefaultstillcoming.htm , 55 Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm ‘How is the U.S. economy doing in 2012? Unfortunately, it is not doing nearly as well as the mainstream media would have you believe. Yes, things have stabilized for the moment but this bubble of false hope will not last for long. The long-term trends that are ripping our economy and our financial system to shreds continue unabated. When you step back and look at the broader picture, it is hard to deny that we are in really bad shape and that things are rapidly getting worse. Later on in this article you will find a list of interesting facts that show the true state of the U.S. economy… , http://albertpeia.com/debtpercapita.jpg , Double-dip recession setting in across eurozone: EU Thomson | AFP , America 1950 vs. America 2012 http://albertpeia.com/downhillslideofamerica.htm , Society’s Five Stages of Economic Collapse http://albertpeia.com/5stagesofcollapse.htm David Meyer shtfplan.com March 1, 2012 , No Housing Recovery - Case Shiller Shows 8th Consecutive Month Of House Price Declines Durden 2-28-12 Little that can be added here. The December Case Shiller came, saw, and shut up all those who keep calling for a home price recovery. The Index printed at 136.71 on expectations of 137.11, with the prior revised to 138.24. The top 20 City composite was down -0.5% on expectations of a 0.35% drop. 18 out of 20 MSAs saw monthly declines in December over November… , Goldman: Germany Is Now On The Hook By €1 Trillion (Or 40% Of GDP) Durden, , 20 Economic Statistics To Use To Wake Sheeple Up From Their Entertainment-Induced Comas http://albertpeia.com/20ecostatstowakesheeple.htm , Central bank balance sheet expansion since end 2007 Mar 1st, 2012 15:38 by News (ZeroHedge) — SNB +230%; Fed +222%, BOJ +125%, BOE +87%, PBOC +93%, ECB +51%. USA Gold / PG View: Pretty strong evidence that the rally in bonds — and by extension the rally in stocks — is nothing but a charade. , 10.7 Percent: Unemployment In Europe Is Worse Than It Was At The Peak Of The Last Recession http://albertpeia.com/europeunemploymentworsethanrecession.htm The unemployment rate in the eurozone is now 10.7 percent. That is the highest the unemployment rate has been since the introduction of the euro. The unemployment rate in the eurozone never got any higher than 10.2 percent during the last recession. This is very troubling news. It was just recently announced that the eurozone has entered another recession, and already the unemployment rate is hitting new record highs… , Inflation Is A Tax And The Federal Reserve Is Taxing The Living Daylights Out Of Us http://albertpeia.com/inflationisatax.htm , Guest Post: Cause, Effects & The Fallacy Of A Return To Normalcy Durden 3-6-12, Market Takes First Big Loss Of 2012 As Investors Eye Greek Debt Swap Forbes , 15 Potentially Massive Threats To The U.S. Economy Over The Next 12 Months http://albertpeia.com/15massivethreatstoeconomy.htm , 1 Through 30 – The Coming U.S. Financial Crisis By The Numbers http://albertpeia.com/1-30usfinancialcrisiscoming.htm ‘The United States is drowning in a sea of red ink from coast to coast and most Americans have absolutely no idea what is about to happen. Hopefully you have started to prepare for the coming U.S. financial crisis. If not, hopefully this article will be a wake up call for you. Right now, governments all over Europe are on the verge of financial implosion. Most Americans aren't paying much attention to that, but they should be, because what is happening to Greece and Italy right now will eventually be happening here. Just recently, the U.S. national debt passed the 15 trillion dollar mark. State and local government debt is also at record levels. Tens of millions of American families are in debt up to their eyeballs, and millions more Americans fell into poverty last year. Meanwhile, the "too big to fail" banks just keep getting larger and the Federal Reserve continues to inflate the debt bubble. At some point this debt bubble is going to burst, and when it does it is going to unleash financial hell all over America… , Dave’s Daily: http://www.etfdigest.com MARKET RALLIES ON FED-PLANTED STORY 3-7-12 ‘Things were going along without much change in markets until -- wait for it -- the Fed was rumored (let’s say they planted a story as a trial balloon) to be considering a sterilized version of QE3. The story was ~~planted~~ featured in the WSJ. This again is mana for bulls and they can’t get enough of it. , Jim Grant Must Watch: "Capitalism Is An Alternative For What We Have Now" Durden 3-7-12 , Perspectives On A Printing Press Pause Durden 3-7-12 , Switzerland Wants Its Gold Back From The New York Fed Durden 3-7-12 [ Good luck with that. As with fort knox as well, I personally believe much of the real gold (some gold-plate bullion around) has been looted. I bet the American criminals refuse based on some tenuous pretext to cover for the theft.) Earlier today, we reported that Germans are increasingly concerned that their gold, at over 3,400 tons a majority of which is likely stored in the vault 80 feet below street level of 33 Liberty (recently purchased by the Fed with freshly printed money at far higher than prevailing commercial real estate rates for the Downtown NY area), may be in jeopardy,and will likely soon formally inquire just how much of said gold is really held by the Fed. As it turns out, Germany is not alone: as part of the "Rettet Unser Schweizer Gold", or the “Gold Initiative”: A Swiss Initiative to Secure the Swiss National Bank’s Gold Reserves initiative, launched recently by four members of the Swiss parliament, the Swiss people should have a right to vote on 3 simple things: i) keeping the Swiss gold physically in Switzerland; ii) forbidding the SNB from selling any more of its gold reserves, and iii) the SNB has to hold at least 20% of its assets in gold. , Central Bank Attempt To Sucker In Retail Investors Back Into Stocks Has Failed Durden 3-7-12 , China Moves To Further Marginalize Dollar: Offers CNY-Denominated BRIC Loans Durden 3-7-12 Today we observed how as the US is considering releasing crude from its Political, pardon Strategic Petroleum Reserve, China was doing just the opposite. Now, in a further step confirming that China is acting as a much more rational capitalist power, and is rapidly encroaching on the "reserve" status of the sacrosanct USD, the FT writes that China intends to extend renminbi loans to other BRIC nations in "another step toward the internationalisation of its currency." To those following the stealthy Chinese incursion into currency markets as a dollar alternative, this is not news: already we know that China and Japan have bypassed the dollar entirely and now engage in direct bilateral trade using JPY and CNY (even as most other nations in Asia have developed bilateral agreements to transact in a non dollar basis). This is merely the latest incremental step which will see China become the dominant player in the currency arena, and further puts to doubt the fate of the US Dollar as the default currency. Of course, the market will not acknowledge any of this until the developing (i.e., non-insolvent world) is transacting entirely with US intermediation. And at that point, the US will be merely another Zimbabwe case study, where it can print all the money it wants to fund its deficit, and the only ones who care will be wheelbarrow manufacturers. , January Consumer Credit Surges As Government Blows Student Debt Bubble To Epic Proportions Durden 3-7-12 , Tim Price On One Of The Most Overlooked Aspects Of The Financial Crisis Durden 3-7-12 An engineer, a biologist and an economist are washed ashore on a desert island. After a few days without food they are starving. Eventually, they stumble on a can of beans on the beach. They spend a few minutes considering how they might feed themselves. The engineer is the first to speak: "We could hit the can with a rock until it opens." The biologist counters, "We could suspend the can in a seawater solution and wait for erosion to work its magic." The economist is last to contribute: "Let's just assume we have a can-opener." OK, so it's not the funniest joke in the universe. But it has the ring of truth. , The Bears Explain The Price Of Gas (Special GOP Primary Edition) Durden 3-7-12 In their own inimitable manner, the two bears are back to take on gas prices. Dismissing the higher demand thesis, concerns of the lack of supply, instability in the Middle East, and of course speculators (the same ones who were blamed for financial stocks' deterioration), our favorite speakers-of-the-truth point to what is the only relevant factor - the falling dollar. The Bernank once again stars for his schizophrenic perspective of asset price rises. , The Death of The PIIGS Illustrated Durden 3-7-12 Yesterday we pointed to the fundamental reason for Europe's angst - that of dramatic imbalance across nations finances. Today we look at the implications of the growing concerns at sustainability of the Euro-area itself. Deposits are fleeing the PIIGS at ever faster rates, growth remains a dream as PMIs for most of the PIIGS trend towards (or are at) record lows, and despite all the liquidity provision of the two LTROs, credit extension to the real economy dropped once again., Wall Street's Knee Jerk Responses To Hint Of More QE Durden 3-7-12 , Stocks, Precious Metals Spike On Report Fed Considering "Sterilized" QE Durden 3-7-12 , Goldman Is "Bearish By A Thousand Cuts" Durden 3-7-12 , As US Contemplates Releasing Crude From The Strategic Reserve, China Resumes Building Emergency Inventory Durden 3-7-12 , Defense Secretary Panetta Testifies On Situation In Syria, Honorable Warmonger #1 John McCain Presiding Durden 3-7-12 , Home prices at levels of 10 years ago: CoreLogic Mar 7th, 2012 (HousingWire)..PG View: The negative wealth effect associated with a decade of lost appreciation in home values does not bode well for consumption and the broader economy. , US consumer credit rose to $17.78 bln in Jan, well above market expectations of $10.0 bln, vs negative revised $16.3 bln in Dec. Mar 7th, 2012 by News , Erste Group’s Complete 2012 Oil Price Outlook – “Nothing To Spare”, Crude Could Reach $200 Zero Hedge | In 82 pages, Austrian Erste Group has extracted the key aspects and variables for the world oil market. , ‘Blind’ Fed Owns More US Treasuries Than China – Ruining Fixed-Income Policy Gauge Daily Bell | The ramifications are immense.

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Milbank: GOP ignores facts on gas prices (Washington Post) [ How ‘bout a dose of reality, Mr. ‘wobama apologist’ Milbank. How ‘bout the Dems and the GOP ignore the facts on oil / gas prices. Ultimately, no matter what the other exacerbating externals (Mideast strife, much of which is u.s./israeli/west initiated), this was inevitable owing to the insurmountable debt levels and the excessive over-printing and debasement of fiat paper currencies to obfuscate. That was always bad policy, bad sense; a bi-partisan phenomena.

The Bears Explain The Price Of Gas (Special GOP Primary Edition) Durden 3-7-12 In their own inimitable manner, the two bears are back to take on gas prices. Dismissing the higher demand thesis, concerns of the lack of supply, instability in the Middle East, and of course speculators (the same ones who were blamed for financial stocks' deterioration), our favorite speakers-of-the-truth point to what is the only relevant factor - the falling dollar. The Bernank once again stars for his schizophrenic perspective of asset price rises.

Guest Post: Counterfeit Money, Counterfeit Policy Durden on 01/31/2012 Counterfeiting is illegal because it is the false creation of value. The counterfeiter takes low-value paper and turns it into high-value money, which is fundamentally a claim on the real productive value of the economy that issues the currency and recognizes it as a proxy means of exchanging that productive value. Counterfeiting is illegal because the counterfeiter creates no additional value--he creates only the proxy for value. Creating real value--adding meaningful goods or services to the economy--is tedious, hard work. How much easier to simply transform near-worthless paper into a claim on actual goods and services. If this is illegal, then would somebody please arrest the Board of the Federal Reserve for counterfeiting? The Fed has blatantly printed money without creating any real value to back up their added claims on productive value. Hence they are counterfeiting, pure and simple. A government based on rule of law would arrest these fraudsters and cons at the earliest possible convenience.

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

U.S. seeks clues in Syrian money trail The struggle to make sense of the transactions involving millions of dollars in foreign accounts by elites with ties to Assad underscores the degree to which many aspects of the uprising in Syria remain opaque to outside observers. (Washington Post) [ Indeed, follow the money (trail). Sound advice, even from the depths of throats to this newspaper in times now long forgotten. Whether it’s the 360 tons of $100 bills of taxpayer funds that just disappeared in Iraq, or the proceeds of the resurgent heroin trade in Afghanistan made possible by another illegal, unnecessary war, or the cash out of the wall street frauds in the trillions made possible by FASB rule change now marking worthless paper to anything (still there, frauds still extant, despite promises still unprosecuted), campaign quid pro quo protection, and on and on. Yes, indeed follow the money; though, without a doubt, don’t hold your breath for disclosure / exposure once followed / found. This nation is pervasively corrupt, defacto bankrupt, has engaged in war crimes violative of international law, Geneva Conventions, and they’re worrying about money trails to a foreign nation of no threat to this nation in what is now viewed as a u.s./israeli/west attempt to destabilize and foment civil war in said nation. You really can no longer make stuff up that exceeds america’s tragic folly. USA #1? 40 Embarrassing Things That America Is The Best In The World At http://albertpeia.com/40badthingsusabest.htm , They Love Death http://albertpeia.com/theylovedeath.htm

One way the CIA keeps their drug trafficking hidden from public view

Webb retaliated by having his book Dark Alliance published and making the NY Times best seller list, forcing some of his critics to privately eat crow after the fact.

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

As IMF fights for funds, a GOP backlash brews Congressional Republicans are wary of the fund’s lending to Europe, and could stymie plans to boost the fund’s firepower and overhaul its board. German factory orders unexpectedly decline [ Well, there you go. Coupled with China’s slowing, just where is all the ‘value’ to come from. No, not printing presses for more fiat Weimar paper currency. I said ‘value’!] (Washington Post) [ Fight for funds? What funds? They’re all broke, to a nation, america particularly. From ‘Weimar World’ to ‘Wayne’s World’, one really has to question the rationality of the ‘actors’; or, more to the point, whether ‘rational functioning’ especially for public consumption is even still possible given the grim reality that they’ve all sought to obscure, obfuscate, spin and out right distort.

[ America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke …The government’s total indebtedness is $211 trillion’. 43,454,601,693,238 Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock ]

The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm ] For those who think this money-printing out of thin air is without cost, you’re in for a worse than rude awakening. The global markets have become a joke! This is a ‘full press’ as in ‘fiat paper printing presses in overdrive’ debased Weimar dollars / currencies that will end quite badly so take this opportunity to take profits while you can. The manipulated, contrived, and fake data has all been unaffordably ‘electioneared’ for ‘electionyeared’ spin and propaganda. Don’t be their fool! The full moon previously helped keep the contraindicated lunatics’ huge suckers’ rally going with across the board media et als complicity (infra). But not quite … reality (will) catch(es) up … you know the drill … typical suckers’ surge into the close off lows, etc.. Today’s data looked pretty bad to me, even with the manipulations/spin otherwise, ie., Durable goods orders drop by most in 3 years AP , etc.. Then there was previously the manipulated revision to make this month’s distressed, foreclosure sales (backlog) look better. Total scam! This will all end quite badly and is much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles. { http://albertpeia.com/todaysbusinesssummarylinks.htm - today’s business summary links only, by day – scroll down as well for today’s links and for more complete context – Encouraged and recommended! } This global suckers’ rally is based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare (which is being injected sub rosa, see infra), bad news, fraud, b***s***, and desperation alone, as suckers’ rallies ushered in the new year in a most preposterous fashion [Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’ for the superstitious so-called ‘January effect’ based on based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, b***s***, and desperation alone to suck suckers in and keep suckers sucked in! Don’t be their fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s using the up moves to reduce risk assets / stocks / exposure, in other words, he’s selling the rallies which is sound advice. The fundamentals/realities, current and prospective, are worse than ever. There are no systems/formulas for these unprecedentedly dire times. Don’t be their sucker! This is an especially great opportunity to sell / take profits because there’s much, much worse to come! Here’s a simple chart of the Dow’s history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als.] with lingering intoxication an explanation as the printing presses and issuance of worthless insurmountable debt paper are in full throttle globally (a testament to global blindness as the blind follow the blind) making this impending disaster at this time an especially great opportunity to sell / take profits because there’s much, much worse to come! jersey-lautenberg based adp with 100% better than expectations private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce department data? Labor dept. ue claims / ue numbers? Only a fool believes what they say! ( After One Month Respite, Pink Slips Are Flying Again Durden , Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Durden on 01/06/2012 .. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg , ) The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , ‘…technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57…’ , The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm Why earnings will continue to decline MarketWatch , 10 Things That Every American Should Know About The Federal Reserve Eco.Coll.Blog http://albertpeia.com/10thingsmustknowaboutfedreserve.htm #1 The Federal Reserve System Is A Privately Owned Banking Cartel #2 The Federal Reserve System Is A Perpetual Debt Machine #3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar #4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability #5 The Federal Reserve Is Paying Banks Not To Lend Money #6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging #7 The Federal Reserve System Is Dominated By The Big Wall Street Banks #8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913 #9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence #10 The Federal Reserve Has Become Way Too Powerful , A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm Any financial system that is based on debt is doomed to fail. Today, we are living in the greatest debt bubble that the world has ever seen … , Despite Two Thirds Of Components Declining, Empire Fed Prints At Highest Since June 2010 ZeroHedge | Chalk this one to “seasonal adjustments” or something, cause we no longer have any clue what is going on with the data fudging in America. , 20 Signs You Might Be A Typical American Worker http://albertpeia.com/20signsoftypicalamericanworker.htm , 10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm , 8 Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default http://albertpeia.com/8reasonsgreekdebtdefaultstillcoming.htm , 55 Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm ‘How is the U.S. economy doing in 2012? Unfortunately, it is not doing nearly as well as the mainstream media would have you believe. Yes, things have stabilized for the moment but this bubble of false hope will not last for long. The long-term trends that are ripping our economy and our financial system to shreds continue unabated. When you step back and look at the broader picture, it is hard to deny that we are in really bad shape and that things are rapidly getting worse. Later on in this article you will find a list of interesting facts that show the true state of the U.S. economy… , http://albertpeia.com/debtpercapita.jpg , Double-dip recession setting in across eurozone: EU Thomson | AFP , America 1950 vs. America 2012 http://albertpeia.com/downhillslideofamerica.htm , Society’s Five Stages of Economic Collapse http://albertpeia.com/5stagesofcollapse.htm David Meyer shtfplan.com March 1, 2012 , No Housing Recovery - Case Shiller Shows 8th Consecutive Month Of House Price Declines Durden 2-28-12 Little that can be added here. The December Case Shiller came, saw, and shut up all those who keep calling for a home price recovery. The Index printed at 136.71 on expectations of 137.11, with the prior revised to 138.24. The top 20 City composite was down -0.5% on expectations of a 0.35% drop. 18 out of 20 MSAs saw monthly declines in December over November… , Goldman: Germany Is Now On The Hook By €1 Trillion (Or 40% Of GDP) Durden, , 20 Economic Statistics To Use To Wake Sheeple Up From Their Entertainment-Induced Comas http://albertpeia.com/20ecostatstowakesheeple.htm , Central bank balance sheet expansion since end 2007 Mar 1st, 2012 15:38 by News (ZeroHedge) — SNB +230%; Fed +222%, BOJ +125%, BOE +87%, PBOC +93%, ECB +51%. USA Gold / PG View: Pretty strong evidence that the rally in bonds — and by extension the rally in stocks — is nothing but a charade. , 10.7 Percent: Unemployment In Europe Is Worse Than It Was At The Peak Of The Last Recession http://albertpeia.com/europeunemploymentworsethanrecession.htm The unemployment rate in the eurozone is now 10.7 percent. That is the highest the unemployment rate has been since the introduction of the euro. The unemployment rate in the eurozone never got any higher than 10.2 percent during the last recession. This is very troubling news. It was just recently announced that the eurozone has entered another recession, and already the unemployment rate is hitting new record highs… , Inflation Is A Tax And The Federal Reserve Is Taxing The Living Daylights Out Of Us http://albertpeia.com/inflationisatax.htm , Guest Post: Cause, Effects & The Fallacy Of A Return To Normalcy Durden 3-6-12 The most profitable business of the future will be producing Space Available and For Lease signs. Betting on the intelligence of the American consumer has been a losing bet for decades. They will continue to swipe that credit card at the local 7-11 to buy those Funions, jalapeno cheese stuffed pretzels with a side of cheese dipping sauce, cartons of smokes, and 32 ounce Big Gulps of Mountain Dew until the message on the credit card machine comes back DENIED. There will be crescendo of consequences as these stores are closed down. The rotting hulks of thousands of Sears and Kmarts will slowly decay; blighting the suburban landscape and beckoning criminals and the homeless. Retailers will be forced to lay-off hundreds of thousands of workers. Property taxes paid to local governments will dry up, resulting in worsening budget deficits. Sales taxes paid to state governments will plummet, forcing more government cutbacks and higher taxes. Mall owners and real estate developers will see their rental income dissipate. They will then proceed to default on their loans. Bankers will be stuck with billions in loan losses, at least until they are able to shift them to the American taxpayer – again. , Market Takes First Big Loss Of 2012 As Investors Eye Greek Debt Swap Forbes , 15 Potentially Massive Threats To The U.S. Economy Over The Next 12 Months http://albertpeia.com/15massivethreatstoeconomy.htm ‘‘We live in a world that is becoming increasingly unstable, and the potential for an event that could cause "sudden change" to the U.S. economy is greater than ever. There are dozens of potentially massive threats that could easily push the U.S. economy over the edge during the next 12 months. A war in the Middle East, a financial collapse in Europe, a major derivatives crisis or a horrific natural disaster … , European Banks Now Face Huge Margin Calls As ECB Collateral Crumbles Durden 3-6-12 In what could prove to be the most critical unintended consequence of the ECB's LTRO program, we note that as of last Friday the ECB has started to make very sizable margin calls on its credit-extensions to counterparties. While the hope was for any and every piece of lowly collateral to be lodged with the ECB in return for freshly printed money to spend on local government debt, perhaps the expectation of a truly virtuous circle of liquidity lifting all boats forever is crashing on the shores of reality. This 'Deposits Related to Margin Calls' line item on the ECB's balance sheet will likely now become the most-watched 'indicator' of stress as we note the dramatic acceleration from an average well under EUR200 million to well over EUR17 billion since the LTRO began. The rapid deterioration in collateral asset quality is extremely worrisome… , Financials Implode As Volatility And Volume Explodes Durden 3-6-12 , Allen Stanford Found Guilty Of Being Not Too Big To Fail; In Other News Jon Corzine Walking Free Durden 3-6-12 … Of course, his real crime was not realizing that if you are going to get busted for ponzinomics, you better make sure everyone goes down with you. In the meantime, rejoice, sheep, for the theater of Ponzi crime and punishment continues. Then again one wonders: why are the perpetrators of the biggest Ponzi of all time, i.e., the central bankers, walking free? Or Jon Corzine for that matter?, Worst Day In Europe Since Rally Began Durden 3-6-12 While we have noted the comparative weakness in European credit and sovereign markets, stocks had so far remained hopeful until today. Bloomberg's broad BE500 index of European stocks fell 2.8% today, its worse performance since mid-November when the recent rally began. This one-day drop has wiped out the gains of the last five weeks in stocks and credit is even worse as it continues to lead risk lower. European financial stocks are catching up to European credit's weakness (and we note US financial credit is really coming off today)., On China And The End Of The Commodity Super-Cycle Durden 3-6-12 , ECB Surpasses €3 Trillion, Still Most Undercapitalized Hedge Fund In The World Durden 3-6-12 , Dave’s Daily: http://www.etfdigest.com NEWS COMES BACK TO HAUNT BULLS 3-6-12 ‘Was there much news that wasn’t known by investors Monday? I don’t think so. Eurozone economic contraction data was in full view Monday as was a report of a slowdown in China’s economic growth. The only thing causing a “stick save” Monday was a Morgan Stanley note suggesting the odds of QE3 had grown to 75% before June so as not to interfere with (cough) the November election. Since bulls are QE-addicted that sparked an afternoon rally (2:15 Buy Program Express—I should trademark this) lifting stocks off their lows.Yes, there was more news about a Greek structured default but that isn’t anything new or unexpected. Creditors have until Friday to accept or participate in a bond swap and Greece said it will not extend the offer. , Vital Signs: Slowing Services Hiring The Wall Street Journal , 15 Reasons Why U.S. Economic Crisis Is An Economic Consolidation By Elite Banking Powers The American Dream March 6, 2012 | The real estate market will continue to suffer because banks are raising their standards and are lending less money. http://albertpeia.com/15reasonscrisisconsolidation.htm , Ben Bernanke Says That His Son Will Graduate With $400,000 Of Student Loan Debt http://albertpeia.com/studentloandebtbubble.htm The New York Fed says that there is a total of $870 billion owed on student loans in the United States right now. Other sources claim that the total amount of student loan debt in the United States will soon exceed one trillion dollars. , “Dr Doom” sees Iran-Israel clash, says buy precious metals Mar 6th, 2012 by News , Bernanke Gets Back to His Academic Roots WSJ Kristina Peterson ‘…Later this month, Mr. Bernanke will become the first sitting Fed chairman to deliver a college lecture series…’ [ Now, if a resignation preceded same; eh, who cares. Or, if he wasn’t the dismal fed failure he is (as his recent predecessors); eh, not so much. But this blatantly failed reappointed debacle walking should be in no wise spending any time or energy spouting his ‘pearls of is dumb’ ( http://albertpeia.com/30bunglebenbernankequotes.htm ) to albeit captive academic audiences in the soft, warm, womb-like hallowed halls of academia. If he wants to curl up in a fetal position, let him do so at the crumbling failed fed building. Absolutely preposterous! ] , Guest Post: Welcome To Year Five In The Crazy House Durden 3-6-12 Welcome to the Crazy House, a rotting McMansion ruled by power-drunk megalomaniacs suffering from delusions of invulnerability and god-like powers. Why are we here, you ask? Because the drunks who run the household make it so darned easy: just keep quiet, listen politely to their ravings, and you get subsidized meals, free rent, a houseful of techno-gadgetry and nonstop entertainment--and that's not even counting the amusement value of their delusional, sloppy-drunk ramblings out by the rust-stained pool. , Fed economists slam TARP (LTRO?) in a paper measuring the rescue fund's effect on risk-taking at TBTFs : Daily Collateral : 03/06/2012 Paging the eurozone: Forcing banks to lend in a recession didn't work here in 2008. It made things worse. Next: Bankruptcy for a whole Generation : testosteronepit : 03/06/2012 A dysfunctional system takes its toll. , At Least 4 Greek Pension Funds, Including That Of Police, Refuse To Go Ahead With PSI Durden 3-6-12 , Jon Corzine's Family Responds To Accusations Against The Patriarch Durden 3-6-12 - 14:59 MF Global Next, it is turn for the families of the thousands of people whose money was stolen by MF Global (and apparently Fabrice Tourre, since nobody at MF Global was responsible for anything... or else it just vaporized) to send in their letters. , With $700 Billion In QE3 Already Priced In, Who Will Blink First? Durden 3-6-12 Something interesting happened when the ECB announced last week that its balance sheet was about to rise by €1 trillion gross, and hit a record €3 trillion net earlier today: the EURUSD barely budged. Why? Because as a reminder, the key driving relationship for relative risk performance of 2012 as we forecast back in December is the correlation of the Fed and the ECB's balance sheets, and the EURUSD, respectively, because while we may pretend that there is still alpha in this joke of a market, the truth is that in this new normal only beta matters (the more lever the better), and the only beta that matters is that generated by relative USD strength/weakness. , The Latest Hamptons' Tennant: The US Military Durden 3-6-12 As Iran tensions mount, even the US Military needs a break and where better than The Hamptons to practice desert-driving skills? , Have Wall Street Bonuses Become Too Big To Fall? Durden 3-6-12 For all the drama surrounding Wall Street bonuses in a year in which Wall Street profitability was cut in half to just $13.5 billion, the worst since the collapse and bailout of 2008 and 2009 (and compared to $27.6 billion in 2010 and $61.4 billion in 2009), one would think that the average banker would see zero bonus in 2011, or in some cases, especially if they worked at a Greek bank, be told to pay for the privilege of working. The truth is that according to official data from the NY City Comptroller, the average bonus dipped by just 13% in 2011, declining modestly from $138,940 to $121.150. , Some Observations On Recent Gold (And Silver) Volatility Durden 3-6-12 On February 29, gold dropped 4.8% and silver 6.2% (based on London fix prices). That's quite the fall for one day. We've seen prices that have risen that much, too. But as I'm about to show, these ain't nothin', baby. Based on our experience, we've been saying for some time that volatility will increase as the markets fight their way to the mania phase of this cycle – and that once there, the gyrations will jump even higher. This call doesn't exactly require one to go out on a limb; it makes sense since more investors will be crowding in – and volatility was high in the 1979-'80 mania.... , The Mainstream Media Still Doesn’t Get the ECB Greek Debt Swap March 6, 2012 By gpc1981 http://gainspainscapital.com ‘First off, the details of the swap are as follows: the ECB simply exchanged 50€ billion worth of old Greek sovereign bonds (which were soon to be worth much less if not be outright worthless) for 50€ billion worth of new Greek sovereign bonds which would not be exposed to default risk or any kind of debt restructuring (unlike those bonds held by private Greek bond holders).I want to mention here that the ECB only owned about 50€ billion worth of Greek sovereign bonds to begin with. So they exchanged roughly ALL of their exposure to Greece to new bonds that will not lose money during a restructuring or default.The message here is clear: all private investor sovereign bond holdings are now subordinate to those of the Central Banks/ the IMF…

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Allen Stanford Found Guilty Of Being Not Too Big To Fail; In Other News Jon Corzine Walking Free Durden 3-6-12

In case anyone cares:

ALLEN STANFORD FOUND GUILTY BY FEDERAL JURY IN HOUSTON - BBG

ALLEN STANFORD FOUND GUILTY ON 13 OF 14 CHARGES - BBG

STANFORD CONVICTED IN $7 BILLION INVESTMENT FRAUD SCHEME - BBG

Jon Corzine's Family Responds To Accusations Against The Patriarch Durden 3-6-12 - 14:59 MF Global Next, it is turn for the families of the thousands of people whose money was stolen by MF Global (and apparently Fabrice Tourre, since nobody at MF Global was responsible for anything... or else it just vaporized) to send in their letters.

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

6 British troops missing after Afghanistan attack (Washington Post) [ And for what? For the sake of the now resurgent heroin trade, the prime motivator of the contra-indicated invasion in the first instance? Wake up! They died for nothing! For no good reason! Wake up world! The Post’s View Drawdown in Afghanistan Why should troops die this year if U.S. is leaving next year? (Washington Post) [ Indeed! But the larger question is why should they have died in Afghanistan at all? Well, the answer’s simple, even beyond the military industrial complex / war profiteer thing. It’s not a question of the heroes in; but rather, it’s all about the heroin. Yes, heroin! That icky, sticky highly addictive and devestating drug that the most sordid of organized crime ilk here and abroad find so appealing and lucrative. And, it’s ‘high time’ for this very newspaper (among all others and media) to step up and say what everyone with a computer and internet connection with a desire to know already knows; viz., the u.s. government is in the illegal drug business (including heroin, cocaine, etc.) in a very big way. Back when I brought a RICO action involving drug money laundering (see infra) I never in my wildest dreams could have thought that reality to be so, yet indeed it is so.

One way the CIA keeps their drug trafficking hidden from public view

Webb retaliated by having his book Dark Alliance published and making the NY Times best seller list, forcing some of his critics to privately eat crow after the fact.

Government and big business using drug traffic profits is nothing new

A few key players created family fortunes from the China opium trade that exist today within some northeast America’s “old money” families.

Now it is illegal as well. Ironically, this allows the biggest illicit drug providers to financially benefit the CIA and international banking.’

Sources for this article include:

http://whatreallyhappened.com/RANCHO/POLITICS/MOCK/mockingbird.php

http://thepoliticalcoffeehouse.com/2011/12/01/us-military-opium-afghanistan/

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

How the IMF reasserted its power on Greece After getting tangled in a failed initial Greek rescue attempt, the International Monetary Fund reasserted its influence with a tougher line on economic reform. (Washington Post) [ In relative terms, greece is quickly becoming less relevant given the (computerized) magnitude and insurmountability of the crisis and the now ubiquitous funny fiat paper weimar currency printing/creation and the longer lines at the trough by the piigs plus and the biggest pig of all, defacto bankrupt america. For those who think this ‘wild weimar way’ in ‘weimar world’ is a free lunch, you are tragically mistaken and this debacle will unfold as the worst financial / economic disaster this world has ever seen. ( America’s debt woe is worse than Greece’s News (CNN) ‘Our government is utterly broke…The government’s total indebtedness is $211 trillion’ ) See chart: http://albertpeia.com/debtpercapita.jpg . Here’s some bi-partisan u.s. debt reality: http://albertpeia.com/34shockingfactsaboutusdebt.htm . Guest Post: Enjoy The Central Bank Party While It Lasts Durden 3-5-12 Central banks are printing money all over the world. New names have been given to what is really an age old phenomenon. Desperate governments have traditionally debased their currencies when they have no other way of financing their deficits . Dallas Fed's Fisher "Perplexed" By Wall Street "Fetish" With QE3 And Disgusted With The Addiction To "Monetary Morphine... Durden 3-5-12 , Greek 1 Year Bond = 1006% Durden 3-5-12 Another day, another reminder that all those who listened to "pundit" calls for loading up on Greek 1 year bonds which hit 100% for the first time ever in September of last year, are now broke to quite broke. As of this morning the Greek 1 Year Bond has just passed 1000% and was down to just 20.5 in cash terms.

The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm ] For those who think this money-printing out of thin air is without cost, you’re in for a worse than rude awakening. The global markets have become a joke! This is a ‘full press’ as in ‘fiat paper printing presses in overdrive’ debased Weimar dollars / currencies that will end quite badly so take this opportunity to take profits while you can. The manipulated, contrived, and fake data has all been unaffordably ‘electioneared’ for ‘electionyeared’ spin and propaganda. Don’t be their fool! The full moon previously helped keep the contraindicated lunatics’ huge suckers’ rally going with across the board media et als complicity (infra). But not quite … reality (will) catch(es) up … you know the drill … typical suckers’ surge into the close off lows, etc.. Today’s data looked pretty bad to me, even with the manipulations/spin otherwise, ie., Durable goods orders drop by most in 3 years AP , etc.. Then there was previously the manipulated revision to make this month’s distressed, foreclosure sales (backlog) look better. Total scam! This will all end quite badly and is much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles. { http://albertpeia.com/todaysbusinesssummarylinks.htm - today’s business summary links only, by day – scroll down as well for today’s links and for more complete context – Encouraged and recommended! } This global suckers’ rally is based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare (which is being injected sub rosa, see infra), bad news, fraud, b***s***, and desperation alone, as suckers’ rallies ushered in the new year in a most preposterous fashion [Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’ for the superstitious so-called ‘January effect’ based on based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, b***s***, and desperation alone to suck suckers in and keep suckers sucked in! Don’t be their fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s using the up moves to reduce risk assets / stocks / exposure, in other words, he’s selling the rallies which is sound advice. The fundamentals/realities, current and prospective, are worse than ever. There are no systems/formulas for these unprecedentedly dire times. Don’t be their sucker! This is an especially great opportunity to sell / take profits because there’s much, much worse to come! Here’s a simple chart of the Dow’s history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als.] with lingering intoxication an explanation as the printing presses and issuance of worthless insurmountable debt paper are in full throttle globally (a testament to global blindness as the blind follow the blind) making this impending disaster at this time an especially great opportunity to sell / take profits because there’s much, much worse to come! jersey-lautenberg based adp with 100% better than expectations private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce department data? Labor dept. ue claims / ue numbers? Only a fool believes what they say! ( After One Month Respite, Pink Slips Are Flying Again Durden , Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Durden on 01/06/2012 .. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg , ) The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , ‘…technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57…’ , The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm Why earnings will continue to decline MarketWatch , 10 Things That Every American Should Know About The Federal Reserve Eco.Coll.Blog http://albertpeia.com/10thingsmustknowaboutfedreserve.htm #1 The Federal Reserve System Is A Privately Owned Banking Cartel #2 The Federal Reserve System Is A Perpetual Debt Machine #3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar #4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability #5 The Federal Reserve Is Paying Banks Not To Lend Money #6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging #7 The Federal Reserve System Is Dominated By The Big Wall Street Banks #8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913 #9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence #10 The Federal Reserve Has Become Way Too Powerful , A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm Any financial system that is based on debt is doomed to fail. Today, we are living in the greatest debt bubble that the world has ever seen … , Despite Two Thirds Of Components Declining, Empire Fed Prints At Highest Since June 2010 ZeroHedge | Chalk this one to “seasonal adjustments” or something, cause we no longer have any clue what is going on with the data fudging in America. , 20 Signs You Might Be A Typical American Worker http://albertpeia.com/20signsoftypicalamericanworker.htm , 10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm , 8 Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default http://albertpeia.com/8reasonsgreekdebtdefaultstillcoming.htm , 55 Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm ‘How is the U.S. economy doing in 2012? Unfortunately, it is not doing nearly as well as the mainstream media would have you believe. Yes, things have stabilized for the moment but this bubble of false hope will not last for long. The long-term trends that are ripping our economy and our financial system to shreds continue unabated. When you step back and look at the broader picture, it is hard to deny that we are in really bad shape and that things are rapidly getting worse. Later on in this article you will find a list of interesting facts that show the true state of the U.S. economy… , http://albertpeia.com/debtpercapita.jpg , Double-dip recession setting in across eurozone: EU Thomson | AFP , America 1950 vs. America 2012 http://albertpeia.com/downhillslideofamerica.htm , Society’s Five Stages of Economic Collapse http://albertpeia.com/5stagesofcollapse.htm David Meyer shtfplan.com March 1, 2012 , No Housing Recovery - Case Shiller Shows 8th Consecutive Month Of House Price Declines Durden 2-28-12 Little that can be added here. The December Case Shiller came, saw, and shut up all those who keep calling for a home price recovery. The Index printed at 136.71 on expectations of 137.11, with the prior revised to 138.24. The top 20 City composite was down -0.5% on expectations of a 0.35% drop. 18 out of 20 MSAs saw monthly declines in December over November… , Goldman: Germany Is Now On The Hook By €1 Trillion (Or 40% Of GDP) Durden, , 20 Economic Statistics To Use To Wake Sheeple Up From Their Entertainment-Induced Comas http://albertpeia.com/20ecostatstowakesheeple.htm , Central bank balance sheet expansion since end 2007 Mar 1st, 2012 15:38 by News (ZeroHedge) — SNB +230%; Fed +222%, BOJ +125%, BOE +87%, PBOC +93%, ECB +51%. USA Gold / PG View: Pretty strong evidence that the rally in bonds — and by extension the rally in stocks — is nothing but a charade. , 10.7 Percent: Unemployment In Europe Is Worse Than It Was At The Peak Of The Last Recession http://albertpeia.com/europeunemploymentworsethanrecession.htm The unemployment rate in the eurozone is now 10.7 percent. That is the highest the unemployment rate has been since the introduction of the euro. The unemployment rate in the eurozone never got any higher than 10.2 percent during the last recession. This is very troubling news. It was just recently announced that the eurozone has entered another recession, and already the unemployment rate is hitting new record highs… , Inflation Is A Tax And The Federal Reserve Is Taxing The Living Daylights Out Of Us http://albertpeia.com/inflationisatax.htm , 3 Charts On The US Consumption Crash Dead-Ahead Durden 3-5-12 , Apple Encounters Gravity As 3rd Biggest Drop In 3 Months Drags Market Down Durden 3-5-12 , IIF Steering Committee Holds Only 20% Of Greek Bonds Subject To PSI Durden 3-5-12 , Biggest 3-Day Slump in 3 Months for High-Yield Bond ETF Durden 3-5-12 , McCain Calls For US To Lead Effort To Begin Syrian Air Strikes Durden 3-5-12 Sen. McCain calls for US to lead 'international effort' to begin air strikes on Syria. Looks like operation "Enduring Brent Crude Freedom" is about to commence. , Dallas Fed's Fisher "Perplexed" By Wall Street "Fetish" With QE3 And Disgusted With The Addiction To "Monetary Morphine... Durden 3-5-12 , Chris Martenson: Japan Is Now Another Spinning Plate In The Global Economy Circus Durden 3-5-12 For those who are in a hurry today, the bottom line is that Japan is in serious trouble right now and is a top candidate to be the next black swan. *The total shutdown of all 54 nuclear plants, leading to an energy insufficiency *Japan's trade deficit in negative territory for the first time in decades, driven largely by energy imports *A budget deficit that is now 56% larger than revenues (!!) *Total debt standing at a whopping 235% of GDP *A recession shrinking Japan's economy at an annual rate of 2.3% *Renewed efforts underway to debase the yen , De-Investifying China Durden 3-5-12 The overnight news that China's economic growth forecast was cut is notable in that it brings to mind the complexities (and realities) of the shift from an investment-led economy to consumption-led sustainability… , Guest Post: Enjoy The Central Bank Party While It Lasts Durden 3-5-12 Central banks are printing money all over the world. New names have been given to what is really an age old phenomenon. Desperate governments have traditionally debased their currencies when they have no other way of financing their deficits. , Now THAT Is Cold - 19 Signs That America Is Becoming A Very Heartless Place http://albertpeia.com/19signsamericaheartless.htm , How Long Until The Bank Of Israel Has To Be Bailed Out On Its Apple Investment? Durden 3-5-12 , European Credit Signals LTRO Ineffectiveness Durden 3-5-12 , Hopium Tank On Empty Durden 3-5-12 , Greek 1 Year Bond = 1006% Durden 3-5-12 , Art Cashin On Technical Indicators Turning Red Durden 3-5-12 , IIF's Doomsday Memorandum Revealed: Disorderly Greek Default To Cost Over €1 Trillion Durden 3-5-12 , Ron Paul: "I Think Sanctions Give Iran Motivation To Want A Nuclear Weapon" Durden 3-4-12 , David Rosenberg: "The Best Currency May Be Physical Gold" Durden 3-3-12 , Fed’s Fisher: Wall Street May Be Addicted to Cheap Money By Michael S. Derby ‘A key Federal Reserve official argued forcefully Monday against providing more monetary-policy stimulus to the economy, and accused Wall Street of getting addicted to cheap money from the Fed.“I am personally perplexed by the continued preoccupation, bordering upon fetish, that Wall Street exhibits regarding the potential for further monetary accommodation,” Federal Reserve Bank of Dallas President Richard Fisher said.’Bert Dohmen: China - Already in a Recession KuciloOro on January 22, 2012 Bert Dohmen: China - Already in a Recession David: I’m glad he’s the man for the job, and that’s why we want to entertain the conversation today. What are the numbers telling us about hyperinflation and our current economic malaise? US Is ‘Right Now in a Recession’: Dohmen Capital ( Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year. I now see a similar confluence of events .. “the new recession has started.”… Over the past 33 years, we have called the start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation..is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’, Spain’s sovereign thunderclap and the end of Merkel’s Europe Mar 5th, 2012 By Ambrose Evans-Pritchard(The Telegraph) — The Spanish rebellion has begun, sooner and more dramatically than I expected.As many readers will already have seen, Premier Mariano Rajoy has refused point blank to comply with the austerity demands of the European Commission and the European Council (hijacked by Merkozy).Taking what he called a “sovereign decision”, he simply announced that he intends to ignore the EU deficit target of 4.4pc of GDP for this year, setting his own target of 5.8pc instead (down from 8.5pc in 2011).In the twenty years or so that I have been following EU affairs closely, I cannot remember such a bold and open act of defiance by any state. Usually such matters are fudged. Countries stretch the line, but do not actually cross it.[source]PG View: Rajoy will undoubtedly gain popular support within Spain (and perhaps elsewhere in the periphery) for thumbing his nose at EU austerity demands. Nonetheless, things are going to remain crumby in Spain even under Rajoy’s more lenient 5.8% debt/GDP target, although arguably things would be much worse under the EU’s 4.4% target You Cannot Build a Strong Economy or a Bull Market on Fudged Numbers and Lipstick March 5, 2012 By gpc1981 http://gainspainscapital.com ‘Let’s say that you just spent a large sum, to the tune of several trillion Dollars, bailing out various businesses that were literally run into insolvency by shortsighted and greedy business practices.Having spent this money, your next concern becomes avoiding popular outrage as sooner or later folks will find out that this money was practically given away and that everyone else got a raw deal.So, at that point your primary focus must become convincing the world that your policies worked and that you did in fact save the world.How do you do this? 1)The businesses you bailed out need to appear successful and profitable again 2)The economy you “saved” needs to look to be in recovery.This is precisely the blueprint for what the Powers That Be have followed post 2009. Regarding the bailed out businesses, the large banks are posting great profits by writing down bonds they own (and recording this as a profit) and by lowering loss reserves…, Non-Manufacturing ISM Prints At 57.3, Higher Than Expectations Durden 3-5-12 In 2011 it was Europe's turn to baffle everyone with bullshit. it still is, but now it has added China (whose Services ISM printed both below and above 50 depending on which data one uses, whether Markit or HSBC), and the US, as it is now the turn of the Services ISM to beat expectations and print at 57.3, on expectations of 56.0, and higher than the prior 56.8 - this beat comes just as the market was expecting a major drop in the aftermath of the big manufacturing ISM miss (Goldman was well below the consensus on today's number), and appears to have printed where it did just to keep the confusion about the true state of the US economy in place as Bernanke vacillates whether or not to proceed with QE3 and when. Curiously, the most important subindex ahead of this Friday's NFP data, the employment indicator, showed a decline from 57.4 to 55.7, just to make an NFP beat all that much more 'surprising.' That said, as Bloomberg's Joe Brusuelas notes, this data is stale and does not reflect the recent gasoline price shock, which as of today has regular has at a 2012 high of $3.767, compared to $3.503 this time last year. Elsewhere, and in keeping with the Mfg ISM data, US Factory Orders slid 1.0% on expectations of an unchanged print from last month's 1.4% increase. Finally, stocks are completely unmoved on all of this data…, On Contagion: How The Rest Of The World Will Suffer Durden 3-5-12 Insolvency will keep dragging the Euro-Area economy down until sovereign and bank balance sheets are repaired, but as Lombard Street Research points out: eliminating the Ponzi debt without fracturing the entire credit system is impossible. The Lehman default occurred 13 months after the US TED spread crossed 100 basis points. The European equivalent crossed 100 basis points in September 2011, so its banking crisis would occur this autumn if a year or so is a normal incubation period. A Greek or any other significant default will precipitate a European banking crisis in the foreseeable future. Markets are already speculating on Portuguese negotiations for haircuts and Ireland can’t be far behind and the contagion to US (and global) banking systems is inevitable given counterparty risks, debt loads (and refi needs), and capital requirements (no matter how well hidden by MtM math). , Couple Lives In $1.3 Million, 4,900 Square Foot Home For Five Years Without Making A Single Mortgage Payment Durden 3-5-12 Wonder how Americans can afford to buy millions of iGadgets, a second LCD TV for the shoe closet, and eat at restaurants more than almost any time in the past despite sliding personal income? Simple - increasingly fewer pay the biggest staple bill in a US household: their mortgage. The following story of Keith And Janet Ritter (blacks-don’t forget to include that other black couple in the white house), who have lived in their Fort Washington, MD $1.29MM, 4,900 square foot McMansion for 5 years (which they purchase with no money down) without ever making a single mortgage payment, and who are not even close to being evicted, may explain much about the way US society currently operates, and why other perfectly responsible and hard-working taxpayers (who do have to pay for their mortgage) continue to fund tens of billions in Fannie and Freddie losses who are first on the hook to absorb the implicit losses by allowing families such as the Ritters to live in perpetuity without paying, and the banks to keep said mortgage on the books at par without any impairments., As Greek CDS Hit Record, German Economy Minister Accuses Greece Of Reneging Durden 3-2-12 , Guest Post: If This Is Such a Strong Economy, Why Does This Chart Look Recessionary? Durden 3-2-12 , Art Cashin On Why The "Economy Is Weaker Than It Has Been In 21 Months" Durden 3-2-12 The key focus of Cashin's daily letter today has to do with the steadfast resilience of the ECRI's Lakshman Achuthan, who called for a recession back in September, and when asked yesterday if he reaffirms his call, he says "Consider it reaffirmed." He then proceeds to list out the "key, hard facts" summarizing the litany of truth as follows: "The economy is weaker today than it has been in 21 months."

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

According To Reuters, Soaring Energy Prices Are A Good Thing Durden 3-4-12 When it comes to reporting the news, Reuters ability to get the scoop first may only be rivaled by its ability to "spin" analysis in a way that will make a normal thinking person's head spin. Such as the following piece of unrivaled headscrathing titled "The good news behind oil prices" whose conclusion, as some may have already guessed, is that "the surge in crude oil is looking more like a harbinger of better days." Let's go through the arguments.

You Cannot Build a Strong Economy or a Bull Market on Fudged Numbers and Lipstick March 5, 2012 By gpc1981 http://gainspainscapital.com ‘Let’s say that you just spent a large sum, to the tune of several trillion Dollars, bailing out various businesses that were literally run into insolvency by shortsighted and greedy business practices.

Ron Paul: "I Think Sanctions Give Iran Motivation To Want A Nuclear Weapon" Durden 3-4-12 There are those who say that while they agree completely with Ron Paul's economic policy of fixing the #1 issue that ails America (as a reminder, total US debt/GDP would only decline under a Ron Paul presidency) they disagree with Paul on his foreign policy. We wonder why when all he does is instead of appealing to the jingoism of warmongers and patronizing the basest of herd instincts, he simply tells the truth. Such as on Today's State of the Union show on CNN when asked if Obama has done "enough" to force Iran to stop its nuclear development via sanctions and others, his reply was spot on: "I think he gets too much involved. I think sanctions gives the motivation for them to want a nuclear weapon. We have 45 bases around them, we can demolish them within hours. And the worst thing the sanctions do, and Republicans and Democrats both support it and the other GOP candidates want war even more, the whole thing is there is a lot of dissension in Iran and we should encourage it by not interfering, once we get involve and threaten to bomb them, it becomes nationalistic - everyone joins the Ayataollah and Ahmedinejad. So there is a blowback - unusual circumstances and unintended consequences. So yes, our people are well-intended, but they don't realize how much damage they do by not accomplishing what they want and causing more harm to us. So our military personnel right now are very adamant not to be involved in a bombing of Iran, it makes no sense whatsoever to our military personnel, to the CIA, even though they are much more interventionist than I am."

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Would You Support an Iran War If … : George Washington : 02/22/2012

http://albertpeia.com/16reasonswhyonlyfoolssupportswaragainstIran.htm

Would You Support a War Against Iran If You Knew the True Facts?

Would you support a war against Iran if you knew that:

Iran has one of the largest Jewish populations in the world, and the second-largest in the Middle East behind Israel

Jews are protected by the Iranian constitution, and are guaranteed seats in the Iranian parliament

The U.S. has been claiming for more than 30 years that Iran was on the verge of nuclear capability

The U.S. helped fund Iran's nuclear program

The U.S. has been actively planning regime change in Iran - and throughout the oil-rich Middle East and North Africa - for 20 years

The decision to threaten to bomb Iran was made before 9/11

America and Israel both support a group designated by the U.S. as a terrorist organization which is trying to overthrow the Iranian government

Top American and Israeli military and intelligence officials say that Iran has not decided to build a nuclear bomb

American military and intelligence chiefs say that attacking Iran would only speed up its development of nuclear weapons, empower its hardliners, and undermine the chance for democratic reform

The people pushing for war against Iran are the same people who pushed for war against Iraq, and said it would be a "cakewalk". See this and this

China and Russia have warned that attacking Iran could lead to World War III

25 Signs That America Is Rapidly Becoming More Like Nazi Germany The American Dream http://albertpeia.com/25signsamericabecominglikenazigermany.htm

Gen. Dempsey: Iran rational actor, not after nukes Press TV | General described any Israeli attack on Iran as “destabilizing.”

5 Reasons Iran is NOT a Threat to the U.S. Michael Edwards | Iran is next unless the American people stop living in fear of manufactured threats.

Torture Architect Argues For Indefinite Detention of Americans Paul Joseph Watson | ACLU: “Nothing short of chilling”.

Holder To Justify Killing Americans On Foreign Soil

Paul Joseph Watson | Obama administration firms up support for state-sponsored assassination.

These are typical sick, paranoid, war mongering mental cases. How can anyone be surprised at the pathetic state of the world with the ‘inmates running the asylum’?

Netanyahu Has Made Up His Mind to Attack Iran

Kurt Nimmo | Propaganda war edges toward Israeli attack on Iran’s imaginary nukes.

Senior American Official: Israel Has Already Decided to Attack Iran

Moriches Daily | The decision has already been made by the Israeli government to attack Iran’s nuclear facilities.

NATO Invasion Of Syria Set For This Month?

Paul Joseph Watson | NATO powers arm Al-Qaeda in pursuit of regime change.

Senator McCain Calls for Bombing Syria

Kurt Nimmo | Similar bombing raids under identical pretense were used in Libya.

NATO Invasion Of Syria Set For This Month?

Paul Joseph Watson | NATO powers arm Al-Qaeda in pursuit of regime change.

Netanyahu to Obama: Israel ‘reserves the right’ to strike

Washington Free Beacon | Netanyahu pushed back against the administration’s repeated attempts to dissuade Israel from attacking Iran.

Ron Paul To Israel “It Doesn’t Make Any Sense To Attack A Country That’s No Threat To ANYONE!”

CNN | Ron Paul appears on CNN’s State Of The Union and speaks about his foreign policy.

Obama’s Ineligibility Shocker, His Enemies Hit List & More with Dr. Jerome Corsi

Prisonplanet.com | Alex welcomes author and leading birth certificate researcher Jerome Corsi to unveil the latest information on the shadow war for leading up to the 2012 elections.

Hill Poll: Voters say no to aid for Syrian rebels and US attack on Iran

The Hill | Most likely voters don’t think the United States should get involved in Syria despite the worsening crisis there, according to a new poll for The Hill.

Escobar: Putin not part of NWO, labelled evil by elites RT | Asia Times correspondent Pepe Escobar in Thailand says that despite the Russian people making their choice clear, the U.S. is still on a mission to vilify the country…

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

AIPAC beats the drums of war From speaker after speaker, intimations that a clash is coming — and probably soon. (Washington Post) [ How totally pathetic for pervasively corrupt, defacto bankrupt america. James Forrestal’s worst fears realized. This wouldn’t have ever happened under the wise auspices of the great but substantially underrated President General Eisenhower! How destructive and self-destructive americans have become. 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!… , Panetta: Israel must negotiate with Palestine (Washington Post) [ Seems we’ve heard that song before. How can anyone, including the israelis, take him seriously when the whole world knows that if he really meant it, the same would be done in a ‘new york minute’. After all, client state israel, ultimately the source of substantially all america’s gargantuan geopolitical (and increasingly economic) problems, really has no real choice but to obey. The great but underrated President General Eisenhower who admonished about the military industrial complex would never sacrifice as now american interests for the sake of israel. Israel wary of transition in Egypt, concerned about regional stability Republican Jewish Coalition Bars Ron Paul From Debate: ‘He’s misguided and extreme’ Reason | Ron Paul’s comments about Israeli dependence on the US have fallen foul of the AIPAC crowd U.N. showdown could test U.S. role in Mideast One week before a United Nations vote over Palestinian statehood, the Obama administration is confronting the stark new limits of its influence. (Washington Post) [ What role? As israel’s mouthpiece? War, war, and more war? Death, destruction, and self-defeat including defacto bankruptcy for the u.s.? Fomenting anti-american sentiment? What role? The role the israeli lobby says is appropriate for america? How foolish america has been! Anxieties mount over Palestinian statehood bid (WP) [ And anxieties mount over no statehood bid! What gives here! Only ‘yesterday’ (not long ago), hillary clinton was talking about the need for and appropriateness of same. Has the israeli lobby, so costly and detrimental to american interests here and abroad, given her and hers a ‘talking to’? . U.S. vetoes Security Council resolution denouncing Israeli settlements (WP) [ 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 so don’t just talk about it,DO SOMETHING!]..pervasively corrupt, defacto america’s self-defeating,self-destructive wayU.S. vetoes Security Council resolution denouncing Israeli settlements Sounds like a plan!..for self-destruction! ] Israel's fear (WP)[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/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 u.s., not israel’s interests, first.Who cares what israel fears! 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. Obsessive / 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) psychogenic 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. No time for complacency on Iran Its nuclear program has accelerated and could produce a bomb before the world realizes. (Washington Post) [ Hopefully, quite right … Iran should be encouraged to hurry a nuke program to thwart the consistent israeli real nuke threat to Iran and in the region, generally. After all, israel has illegal nukes, violates international law / u.n. resolutions with impunity, commits war crimes; and, although there are dubious claims that Iran has / is close to having them, such israeli lies, as always, lack credibility (much like the wmd’s in Iraq). No smoking gun: IAEA Iranian nuclear report falls flat on its face Patrick Henningsen | The IAEA report has come up short, but the Axis powers are still desperate to hit Iran (is america once again ready to self-defeatingly sacrifice itself for ‘greater zion’. Among the many attributes of the great but underrated President General Eisenhower, a man of honor, was that he never, never took any crap from america-dependent-dependant / albatross israel. ) Drudgereport: RUSSIA [ The Rational Pan-European Nation ] WARNS AGAINST STRIKE ON IRAN... , TRUTHFUL TRASH TALK (ABOUT ISRAELI TRASH) BEHIND ISRAELI LEADER'S BACKReport: Sarkozy calls Netanyahu 'liar' Microphones accidently left on after G20 meeting pick up private conversation between US, French presidents. Sarkozy admits he 'can't stand' Israeli premier. Obama: You're fed up with him? I have to deal with him every day!

25 Signs That America Is Rapidly Becoming More Like Nazi Germany The American Dream http://albertpeia.com/25signsamericabecominglikenazigermany.htm

Gen. Dempsey: Iran rational actor, not after nukes Press TV | General described any Israeli attack on Iran as “destabilizing.”

5 Reasons Iran is NOT a Threat to the U.S. Michael Edwards | Iran is next unless the American people stop living in fear of manufactured threats.

Torture Architect Argues For Indefinite Detention of Americans Paul Joseph Watson | ACLU: “Nothing short of chilling”.

Holder To Justify Killing Americans On Foreign Soil

Paul Joseph Watson | Obama administration firms up support for state-sponsored assassination.

These are typical sick, paranoid, war mongering mental cases. How can anyone be surprised at the pathetic state of the world with the ‘inmates running the asylum’?

Netanyahu Has Made Up His Mind to Attack Iran

Kurt Nimmo | Propaganda war edges toward Israeli attack on Iran’s imaginary nukes.

Senior American Official: Israel Has Already Decided to Attack Iran

Moriches Daily | The decision has already been made by the Israeli government to attack Iran’s nuclear facilities.

NATO Invasion Of Syria Set For This Month?

Paul Joseph Watson | NATO powers arm Al-Qaeda in pursuit of regime change.

Senator McCain Calls for Bombing Syria

Kurt Nimmo | Similar bombing raids under identical pretense were used in Libya.

NATO Invasion Of Syria Set For This Month?

Paul Joseph Watson | NATO powers arm Al-Qaeda in pursuit of regime change.

Netanyahu to Obama: Israel ‘reserves the right’ to strike

Washington Free Beacon | Netanyahu pushed back against the administration’s repeated attempts to dissuade Israel from attacking Iran.

Ron Paul To Israel “It Doesn’t Make Any Sense To Attack A Country That’s No Threat To ANYONE!”

CNN | Ron Paul appears on CNN’s State Of The Union and speaks about his foreign policy.

Obama’s Ineligibility Shocker, His Enemies Hit List & More with Dr. Jerome Corsi

Prisonplanet.com | Alex welcomes author and leading birth certificate researcher Jerome Corsi to unveil the latest information on the shadow war for leading up to the 2012 elections.

Hill Poll: Voters say no to aid for Syrian rebels and US attack on Iran

The Hill | Most likely voters don’t think the United States should get involved in Syria despite the worsening crisis there, according to a new poll for The Hill.

Escobar: Putin not part of NWO, labelled evil by elites

RT | Asia Times correspondent Pepe Escobar in Thailand says that despite the Russian people making their choice clear, the U.S. is still on a mission to vilify the country…

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Ireland struggles to regain economic footing The nation has tried to closely follow the playbook set out by the IMF, but the depth of its problems and outside events have made progress difficult. (Washington Post) [ Difficult to keep up with the piiigs as in, which one, which problem, and then, the biggest pig of all by far, pervasively corrupt, defacto bankrupt america ( America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke…The government’s total indebtedness is $211 trillion’ ) . European Solidarity - "Everybody Knows The Spanish Are Lying About The Figures” Durden 3-2-12 Back in October, when Greece was rewarded with further bond haircuts for progressively missing its economic targets, even after having gotten caught on at least one occasion making its economy appear worse than it was, we said that it is only a matter of time before "Portugal, Ireland, Spain and Italy will promptly commence sabotaging their economies (just like Greece) simply to get the same debt Blue Light special as Greece." In the aftermath of this statement, we got the Irish and the Portuguese proceeding to slowly but surely do just that. Today, it was Spain's turn to make it 3 out of 4 after as Reuters noted so appropriately, "Spain defies Brussels on deficit target" clarifying that "Spain set itself a softer budget target for 2012 on Friday than originally agreed under the euro zone's austerity drive, putting a question mark over the credibility of the European Union's new fiscal pact. Prime Minister Mariano Rajoy insisted he was acting within EU guidelines because the plan was still to hit the European Union public deficit goal of 3 percent of gross domestic product (GDP) in 2013." That Italy is sure to follow is absolutely guaranteed, however just because the ECB is now indirectly monetizing BTPs the true impact will be delayed far more, and instead of taking prompt steps to remedy the situation, the European complacency will be accentuated by the fact that bond yields are very low, and supposedly indicates the true state of the economy. No. All it indicates is the conversion of future inflation (courtesy of €1 trillion in new money in the past 3 months) for a very temporary respite before all hell ultimately breaks loose as countries pretend everything is ok as bond yields are pushed artificially low. And in doing nothing, the fundamentals in the economy only get worse and worse. Germany knows this very well, and the Economist explains the reaction to Spain's surprising statement today perfectly... , Spain Forecasts 24.3% Unemployment In 2012, 1.7% GDP Contraction Durden 3-2-12 , As Greek CDS Hit Record, German Economy Minister Accuses Greece Of Reneging Durden 3-2-12 , Guest Post: If This Is Such a Strong Economy, Why Does This Chart Look Recessionary? Durden 3-2-12 , Art Cashin On Why The "Economy Is Weaker Than It Has Been In 21 Months" Durden 3-2-12 The key focus of Cashin's daily letter today has to do with the steadfast resilience of the ECRI's Lakshman Achuthan, who called for a recession back in September, and when asked yesterday if he reaffirms his call, he says "Consider it reaffirmed." He then proceeds to list out the "key, hard facts" summarizing the litany of truth as follows: "The economy is weaker today than it has been in 21 months." … , 10.7 Percent: Unemployment In Europe Is Worse Than It Was At The Peak Of The Last Recession http://albertpeia.com/europeunemploymentworsethanrecession.htm The unemployment rate in the eurozone is now 10.7 percent. That is the highest the unemployment rate has been since the introduction of the euro. The unemployment rate in the eurozone never got any higher than 10.2 percent during the last recession. This is very troubling news. It was just recently announced that the eurozone has entered another recession, and already the unemployment rate is hitting new record highs… ,

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Underwater borrowers may find snag Despite HARP revisions, AIG unit’s stance may stymie loan relief for some underwater borrowers. (Washington Post) [ Snags indeed! First, there are plenty of them; so many in fact, a logistical, statistical, numerical nightmare. Second, the securitization underlying much of the debacle lent itself to and is rife with frauds of such magnitude so as to be in some ways beyond manageable proportion, and not for the faint of heart given the nuanced legal and factual complexity intertwined with same. If The Guilty Are Never Punished, Housing Will Never Recover : ilene : 03/02/2012 Less risk, maybe, but that's a long way from a sustained recovery. http://albertpeia.com/100factsaboutmortgagesecuritizationfraud.htm 100 INTRODUCTORY FACTS ABOUT MORTGAGE SECURITIZATION Posted by: 4closureFraud Post date: 02/24/2012 And I thought securitization ment they where going to keep the loan docs in a safe place in some bank vault some where... { yeah … somewhere over the rainbow! }

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Bum Rush Editorial Board Republicans can no longer avoid their Limbaugh problem. (Washington Post) [ One of those instances when the Editorial Board is absolutely correct. I’ve always found the war mongering ‘amen corner’ of talk radio particularly to be counter-productive for the nation and the world, not to mention the republican party itself. Yet, there’s no denying that he does make some good points because there are so many good points to be made owing to egregious failure, incompetence, and corruption on both sides of the isle. The foregoing ‘point’ however, clearly, was definitely not one of them; nor is the following: Limbaugh: Ron Paul “Sounds Like An Islamic Terrorist” Steve Watson | Says he would have no problem with TSA detaining US Congressman. [ Ah, come on. You got to infer something’s supplanted limbaugh’s hillbilly heroin and clouding his judgement. He’s watched too much ‘24’ (while sampling his ‘talk radio’ among others, he’d talk of this show as if reality) ‘under the influence’ which has had the desired mainstream hypnotic effect on his bloated / clouded perspective; the king of ‘hillbilly heroin’, flushed rush out on a limbaugh (even to the point of deafness – that’s quite a compulsion). ]

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Obama to warn Israel’s Netanyahu against military strikes on Iran President will meet with Israel’s hawkish leader next week in a bid to contain Iran’s nuclear ambitions.Should U.S. back strike on Iran? (Washington Post) [ It would be far different if war crimes nation israel didn’t act like the had 300+ illegal nukes in the region. Unfortunately, they do; and, to the detriment of not only the people in the region, but as well, to people throughout the rest of the world. People are tired of coddling israel/netanayahu, complaining like old biddies with microphones left on as if powerless to deal with the perennial israeli problem that defies all norms of civilized behavior, law, rules, u.n. resolutions and solutions because they want no reasonable solution. The great but substantially underrated President General Eisenhower didn’t and wouldn’t tolerate the typical terrorist israeli crap(‘interests’) that has been contraindicated for this nation and the world for quite some time. Time to read ‘em the riot act; and, that the tail’s no longer wagging what’s now lamentably become a dog that’s seen its day thereby. The reality is that israel’s is just not that important and is a net negative for america and the world, israeli lobbyists notwithstanding (notworthstanding).

Would You Support an Iran War If … : George Washington : 02/22/2012

http://albertpeia.com/16reasonswhyonlyfoolssupportswaragainstIran.htm

Would You Support a War Against Iran If You Knew the True Facts?

Would you support a war against Iran if you knew that:

Iran has one of the largest Jewish populations in the world, and the second-largest in the Middle East behind Israel

Jews are protected by the Iranian constitution, and are guaranteed seats in the Iranian parliament

The U.S. has been claiming for more than 30 years that Iran was on the verge of nuclear capability

The U.S. helped fund Iran's nuclear program

The U.S. has been actively planning regime change in Iran - and throughout the oil-rich Middle East and North Africa - for 20 years

The decision to threaten to bomb Iran was made before 9/11

America and Israel both support a group designated by the U.S. as a terrorist organization which is trying to overthrow the Iranian government

Top American and Israeli military and intelligence officials say that Iran has not decided to build a nuclear bomb

American military and intelligence chiefs say that attacking Iran would only speed up its development of nuclear weapons, empower its hardliners, and undermine the chance for democratic reform

The people pushing for war against Iran are the same people who pushed for war against Iraq, and said it would be a "cakewalk". See this and this

China and Russia have warned that attacking Iran could lead to World War III

US Embassy In Afghanistan In Lockdown After Being Targeted By Angry Protesters CNN | Hundreds have forced the US embassy in Kabul into lockdown.

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

American jobs and income data improve U.S. citizens are earning more money as the job market improves, but economists say the arc of recovery largely hinges on what consumers will do with the extra cash — spend or save. (Washington Post) [ Oh come on! This election year padding, then the understated inflation number eating substantially into and negating that, even assuming arguendo, ‘that’ to be real (I don’t believe anything they say!). Prices Cut Into Household Incomesat The Wall Street Journal , Inflation Is A Tax And The Federal Reserve Is Taxing The Living Daylights Out Of Us http://albertpeia.com/inflationisatax.htm , John Taylor Warns Of A "Highly Disastrous, Totally Uncontrollable Inflationary Conflagration" Durden 3-1-12 , The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm ] For those who think this money-printing out of thin air is without cost, you’re in for a worse than rude awakening. The global markets have become a joke! This is a ‘full press’ as in ‘fiat paper printing presses in overdrive’ debased Weimar dollars / currencies that will end quite badly so take this opportunity to take profits while you can. The manipulated, contrived, and fake data has all been unaffordably ‘electioneared’ for ‘electionyeared’ spin and propaganda. Don’t be their fool! The full moon previously helped keep the contraindicated lunatics’ huge suckers’ rally going with across the board media et als complicity (infra). But not quite … reality (will) catch(es) up … you know the drill … typical suckers’ surge into the close off lows, etc.. Today’s data looked pretty bad to me, even with the manipulations/spin otherwise, ie., Durable goods orders drop by most in 3 years AP , etc.. Then there was previously the manipulated revision to make this month’s distressed, foreclosure sales (backlog) look better. Total scam! This will all end quite badly and is much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles. { http://albertpeia.com/todaysbusinesssummarylinks.htm - today’s business summary links only, by day – scroll down as well for today’s links and for more complete context – Encouraged and recommended! } This global suckers’ rally is based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare (which is being injected sub rosa, see infra), bad news, fraud, b***s***, and desperation alone, as suckers’ rallies ushered in the new year in a most preposterous fashion [Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’ for the superstitious so-called ‘January effect’ based on based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, b***s***, and desperation alone to suck suckers in and keep suckers sucked in! Don’t be their fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s using the up moves to reduce risk assets / stocks / exposure, in other words, he’s selling the rallies which is sound advice. The fundamentals/realities, current and prospective, are worse than ever. There are no systems/formulas for these unprecedentedly dire times. Don’t be their sucker! This is an especially great opportunity to sell / take profits because there’s much, much worse to come! Here’s a simple chart of the Dow’s history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als.] with lingering intoxication an explanation as the printing presses and issuance of worthless insurmountable debt paper are in full throttle globally (a testament to global blindness as the blind follow the blind) making this impending disaster at this time an especially great opportunity to sell / take profits because there’s much, much worse to come! jersey-lautenberg based adp with 100% better than expectations private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce department data? Labor dept. ue claims / ue numbers? Only a fool believes what they say! ( After One Month Respite, Pink Slips Are Flying Again Durden , Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Durden on 01/06/2012 .. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg , ) The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , ‘…technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57…’ , The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm Why earnings will continue to decline MarketWatch , 10 Things That Every American Should Know About The Federal Reserve Eco.Coll.Blog http://albertpeia.com/10thingsmustknowaboutfedreserve.htm #1 The Federal Reserve System Is A Privately Owned Banking Cartel #2 The Federal Reserve System Is A Perpetual Debt Machine #3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar #4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability #5 The Federal Reserve Is Paying Banks Not To Lend Money #6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging #7 The Federal Reserve System Is Dominated By The Big Wall Street Banks #8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913 #9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence #10 The Federal Reserve Has Become Way Too Powerful , A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm Any financial system that is based on debt is doomed to fail. Today, we are living in the greatest debt bubble that the world has ever seen … , Despite Two Thirds Of Components Declining, Empire Fed Prints At Highest Since June 2010 ZeroHedge | Chalk this one to “seasonal adjustments” or something, cause we no longer have any clue what is going on with the data fudging in America. , 20 Signs You Might Be A Typical American Worker http://albertpeia.com/20signsoftypicalamericanworker.htm , 10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm , 8 Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default http://albertpeia.com/8reasonsgreekdebtdefaultstillcoming.htm , 55 Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm ‘How is the U.S. economy doing in 2012? Unfortunately, it is not doing nearly as well as the mainstream media would have you believe. Yes, things have stabilized for the moment but this bubble of false hope will not last for long. The long-term trends that are ripping our economy and our financial system to shreds continue unabated. When you step back and look at the broader picture, it is hard to deny that we are in really bad shape and that things are rapidly getting worse. Later on in this article you will find a list of interesting facts that show the true state of the U.S. economy… , http://albertpeia.com/debtpercapita.jpg , Double-dip recession setting in across eurozone: EU Thomson | AFP , America 1950 vs. America 2012 http://albertpeia.com/downhillslideofamerica.htm , No Housing Recovery - Case Shiller Shows 8th Consecutive Month Of House Price Declines Durden 2-28-12 Little that can be added here. The December Case Shiller came, saw, and shut up all those who keep calling for a home price recovery. The Index printed at 136.71 on expectations of 137.11, with the prior revised to 138.24. The top 20 City composite was down -0.5% on expectations of a 0.35% drop. 18 out of 20 MSAs saw monthly declines in December over November… , Goldman: Germany Is Now On The Hook By €1 Trillion (Or 40% Of GDP) Durden, , 20 Economic Statistics To Use To Wake Sheeple Up From Their Entertainment-Induced Comas http://albertpeia.com/20ecostatstowakesheeple.htm , Central bank balance sheet expansion since end 2007 Mar 1st, 2012 15:38 by News (ZeroHedge) — SNB +230%; Fed +222%, BOJ +125%, BOE +87%, PBOC +93%, ECB +51%. USA Gold / PG View: Pretty strong evidence that the rally in bonds — and by extension the rally in stocks — is nothing but a charade. , 10.7 Percent: Unemployment In Europe Is Worse Than It Was At The Peak Of The Last Recession http://albertpeia.com/europeunemploymentworsethanrecession.htm The unemployment rate in the eurozone is now 10.7 percent. That is the highest the unemployment rate has been since the introduction of the euro. The unemployment rate in the eurozone never got any higher than 10.2 percent during the last recession. This is very troubling news. It was just recently announced that the eurozone has entered another recession, and already the unemployment rate is hitting new record highs… , Inflation Is A Tax And The Federal Reserve Is Taxing The Living Daylights Out Of Us http://albertpeia.com/inflationisatax.htm , John Taylor Warns Of A “Highly Disastrous, Totally Uncontrollable Inflationary Conflagration” Zero Hedge | A must read from FX Concept’s John Taylor for anyone who has been following the global central bank’s exponential balance sheet expansion over the past several months. , Austerity Measures Only Lead to More Bailouts.... So Who's Going to Bailout the ECB When It Goes Bust? : Phoenix Capital... : 03/01/2012 - 15:08 Europe is broke. Completely and totally broke. The whole notion of bailouts and debt swaps is pointless here, you’re talking about systemic failure due to the entire financial system being insolvent ... , Why is the Financial World So Messed Up?March 1, 2012 By http://gainspainscapital.com ‘Why is the financial world so messed up? Because it’s run by Central Bankers. And those folks view money very differently from the businesspeople who actually create businesses, jobs, and wealth. , Dave’s Daily: http://www.etfdigest.com DIP BUYERS STILL IN THE DRIVERS SEAT 3-1-12 ‘European stocks rose early on thoughts from bulls that the sovereign debt crisis will be contained. (Well, maybe for a week or two.) China manufacturing data improved to a reading of 51 from 50.5. In the U.S. Jobless Claims (513K vs a revised 353K previous); Personal Income & Outlays (.3% vs .5% expected and Spending .2% versus .4% expected). The so-called Core PCE Price Index (.2% vs .1% previous); the important ISM Mfg Survey missed but still expanding (52 versus 54 expected and 54.1 previous) and, Construction Spending also missed (-.1% vs 1% expected and previous 1.4%).On the inflation front came a contradictory analysis from the American Institute for Economic Research which showed by their measure inflation really at 8%. This seems more logical and reasonable based on their methodology.Stocks once again were higher early until it was reported a Saudi energy pipeline suffered an explosion. It’s unconfirmed even if it happened or if it was an accident or a terrorist attack. But that only gave bulls pause as dip buying resumed and markets closed higher…, John Taylor Warns Of A "Highly Disastrous, Totally Uncontrollable Inflationary Conflagration" Durden 3-1-12 , Goldman Closes Long Russell 2000 Trade On "Sagging Macro Data", "Softer Patch In US Data" Durden 3-1-12 Busy day for our friends from Goldman who are now turning quite bearish it appears following the two GDP cuts earlier., Goldman Lowers Q1 GDP For Second Time In One Day Durden 3-1-12 , ISM Misses BigDurden 3-1-12 Somehow or another, our earlier joke that the ISM should beat the highest Wall Street estimate quickly became the whisper number, which was to be expected in the aftermath of yesterday's comparable Chicago PMI action. Which is why when the final ISM came at a whopping miss of 52.5, on consensus of 54.5, and down from 54.1, the market was less than happy. It gets worse: while the bulk of major ISM index components dropped in February, with PMI, New Orders, Production, Employment and Deliveries all down (Inventories unch), it was the scariest component that posted a major jump as Prices soared +6 to 61.5, the highest since June. And with Exports and Imports both improving, this proves that already in February rising gasoline prices started impairing US manufacturing. But don't tell that to the cheerleaders: because who was in the top spot of Wall Street "forecasters" if not Joe LaVorgna with his estimate of 56.0 for the ISM…., Next Leg Of The Ponzi Revealed - Foreign Central Banks To Begin Buying US Stocks Outright Starting TodayDurden 3-1-12 We were speechless when we read this from Bloomberg..., As Spirits Soar, Two Bubbles Worth Watching Durden 3-1-12 , Watch PressTV Live Coverage Of Alleged Saudi Pipeline Attack Durden 3-1-12 Saudi saying no, PressTV saying yes. Watch live coverage from the Iranians below. , Here Comes The Saudi Denial Durden 3-1-12 The latest in this story: -Saudi oil officials says reports about attack on pipeline are untrue- Dow Jones So someone is lying. And now we can go back to assuming that Saudi Arabia has limitless excess supplies of crude., Photo Of Pipeline Fire And Map Of Awamiya Region Durden 3-1-12 Another update from Arab Digest. , WTI Passes $110 Durden 3-1-12 Update 1: WTI touches $110.55 before retracing to just under $110. Stops triggered following WTI crossing $110. SPR announcement due any minute? Also, we give a CME margin hike a probability of about 60% at this point. , Saudi Oil Pipelines Destroyed In Explosion, Sends Crude Soaring Durden 3-1-12 Among the many factors responsible for the jump in WTI to just shy of $109 over the past hour, and Brent to new records in various currencies, is the following news reported so far only by Iranian PressTV: "An explosion has hit oil pipelines in the flashpoint Saudi Arabian city of Awamiyah in the kingdom’s oil-rich Eastern Province." And now back to your regularly scheduled deflation. , EUR Brent Takes Out All Time Highs Durden 3-1-12 , Guest Post: About Those High Gasoline Prices… Look Again Durden 3-1-12 , Greece May Default on Governments, Peterson’s Kirkegaard Says Mar 1st, 2012 (Bloomberg) — Greece will probably default this year on European governments’ holdings of its sovereign debt, according to Jacob Kirkegaard of the Peterson Institute for International Economics., China’s Share of Reserves in U.S. Dollar Dives Mar 1st, 2012 (The Wall Street Journal) — —Fresh U.S. Treasury data suggest that China has lost its taste for investing as much of its $3.2 trillion in foreign-exchange reserves in U.S. dollars , Officials Rule No Payout on Greek Swaps Mar 1st, 2012 (NY Times) — The International Swaps and Derivatives Association said on Thursday that based on current evidence the Greek bailout would not prompt payments on the credit default swaps.But the organization warned that the situation in Greece was “still evolving” and such payouts might be necessary in the future “as further facts come to light.”In the midst of the Greek drama, credit-default swaps, financial instruments intended to protect against losses on debt, have been a point of concern.As part of restructuring, bondholders will be required to take a 70 percent loss on their holdings. The deal was structured as a voluntary exchange, which would not have triggered the credit-default swaps.[source]PG View: This comes as no surprise as the ISDA was rightfully worried that the writers of such swaps wouldn’t be able to pay anyway; which likely would have required further bailouts for global financial institutions. The take-away though, is that CDSs on sovereigns aren’t worth the paper they’re printed on… , Prices Cut Into Household Incomesat The Wall Street Journal , Bernanke: Money Market Funds Still at Risk of Runsat The Wall Street Journal , Europe, Beware the Ides of March , Oil Tops $110 as Tensions in Middle East Keep Investors Jitteryat The Wall Street Journal , February Fund Flows 'Risk On,' But Winds May Be Shiftingat Barrons.com , 2012 Update: What Part III of the financial crisis will look like http://pro.stansberryresearch.com/1011PSIENDVD/PPSIN223 , Global finance: ‘The Shylock model’ Adrian Salbuchi | After years of civil and social progress, Europe is now being flung back into the dark ages , Bernanke cites harm from long-term unemployment , Society’s Five Stages of Economic Collapse http://albertpeia.com/5stagesofcollapse.htm David Meyer shtfplan.com March 1, 2012 , Grantham Goes Marxist! : ilene : 03/01/2012 - 19:44 This situation just can't last. Or can it? , Grantham Goes Marxist! By Phil of Phil's Stock World“Capitalism threatens our existence.”That's the message today from legendary investor Jeremy Grantham, whose GMO Capital manages $97Bn and, like Buffett, puts out an annual letter to investors. It’s now getting to be an old and obvious story, but because the corporate propaganda is good and despite the solidness of the scientific data, half of the people believe the problem is a government run wild, mad to control everything… Here are some of Grantham’s finer points:

Capitalism too heavily discounts the future value of cash flows as it seeks to raise debts: “Your grandchildren have no value.”

"For example, let us say that a firm’s current actions are going to cost society at large a billion dollars’ worth of harm in 50 years. Further, let us agree that all of the costs will definitely be imposed on the company. The company would feel that pain today as equivalent to only a mere $1 million hit to earnings. Why should they care?"

Companies foolishly reward executives for taking on debt: “Total remuneration ... for senior officers ... rose as a percentage of the average worker’s pay from 40 times in Eisenhower’s era to over 600 times today with no indication of any general improvement in talent.”

It’s about profit, not people: “Capitalism in general has no sense of ethics or conscience. Whatever the Supreme Court may think, it is not a person.”

The more people borrow, the more they just gamble: “Leverage ... increases your returns over and over until, suddenly, it ruins you. ... There are no Investors Anonymous meetings to attend.”

This time, it’s not so different: “Ignore the ... inevitable cheerleaders who will assure you that this time it’s a new high plateau ... even if that view comes from the Federal Reserve itself. No. Make that, especially if it comes from there.”

Washington is becoming a corporate subsidiary: “What Capitalism has always had is money with which to try to buy influence. ... The issues they influence are precisely ... the ones that are most important to society’s ... very existence.”

Big companies can’t help it: “Ethical CEOs can drag a company along for a while, but this is an undependable and temporary fix.”

Economic theory ignores natural laws. It suffers an “absolute inability to process the finiteness of resources. ... Capitalism wants to eat into ... limited resources at an accelerating rate with the subtext that everyone on the planet has the right to live like the wasteful polluting developed countries do today.”

It’s not just inexpensive oil we are running out of: The “loss of our collective ability to feed ourselves, through erosion and fertilizer depletion — has received little or no attention.”

Americans are too optimistic: “They adopt a hear-no-evil approach to life and listen exclusively to good news. ... There are always a few experts lacking in long-horizon vision, simple common sense, or whose co-operation has been rented, like “expert” witnesses at a murder trial, who can be dragged out to reliably say that everything will always work out fine.”

Governments must step in. “To interfere with Marx’s apocalyptic vision, we need some enlightened governmental moderation ... before capitalism gets so cocky that we have some serious social reaction.”

Where Marx and Engels got it wrong was in thinking workers would unite. “It’s going to be hard to have a workers’ revolution with no workers. Organizing robotic machine tools will not be easy.”

Does Grantham go too far or is he just part of the growing chorus of Capitalists questioning Capitalism? As I said in 2009 in "A Tale of Two Economies," the widening gap between the rich and the poor has gotten to the point where it is now harming the system and some (not too many, I'm afraid) of us Capitalists don't think it's prudent to simply take what we can from what's left of the bottom 99%'s wealth as if our fate is not entwined with theirs…’ ,

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Greece avoids one debt stigma — so far ISDA panel rules there will be no payouts to investors holding bond insurance contracts on Greek debt. (Washington Post) [ Yeah, and that’s because they don’t have the capacity to pay even if they decided to pay; hence, the continued subterfuge. Quite simply, that fraudulent process is totally insolvent and the ‘contracts’ not worth the paper they’re printed on, if printed at all. Little pieces of big action’s easy with just a computer click and digital entry but as with ponzi’s they eventually collapse of their own weight and glaring inadequacy. See the astute commentary by those experts close to this:

Officials Rule No Payout on Greek Swaps Mar 1st, 2012 (NY Times) — The International Swaps and Derivatives Association said on Thursday that based on current evidence the Greek bailout would not prompt payments on the credit default swaps. { PG View [ Peter Grant is USAGOLD's resident economist and a well-known analyst globally in the forex and precious metals markets ] : This comes as no surprise as the ISDA was rightfully worried that the writers of such swaps wouldn’t be able to pay anyway; which likely would have required further bailouts for global financial institutions. The take-away though, is that CDSs on sovereigns aren’t worth the paper they’re printed on…} But the organization warned that the situation in Greece was “still evolving” and such payouts might be necessary in the future “as further facts come to light.”In the midst of the Greek drama, credit-default swaps, financial instruments intended to protect against losses on debt, have been a point of concern.As part of restructuring, bondholders will be required to take a 70 percent loss on their holdings. The deal was structured as a voluntary exchange, which would not have triggered the credit-default swaps.’ The Coming Derivatives Crisis That Could Destroy The Entire Global Financial System The Economic Collapse http://albertpeia.com/comingderivativescrisis.htm , The REAL $200 TRILLION Problem Bernanke’s Worried About Phoenix Capital... ‘US Commercial banks have $200 TRILLION in interest rate based derivatives sitting on their balance sheets. And guess which banks have the greatest exposure…’ ; and, finally the coup de gras , Ben Bernanke FTMFW Quote Of The Day Durden And the winner is... BERNANKE: HOUSING MAY NO LONGER BE VIEWED AS SECURE INVESTMENT … Here are some other pearls of ‘is dumb’ from helicopter ben b.s. shalom bernanke : http://albertpeia.com/30bunglebenbernankequotes.htm

Central bank balance sheet expansion since end 2007 Mar 1st, 2012 15:38 by News (ZeroHedge) — SNB +230%; Fed +222%, BOJ +125%, BOE +87%, PBOC +93%, ECB +51%. USA Gold / PG View: Pretty strong evidence that the rally in bonds — and by extension the rally in stocks — is nothing but a charade.

10.7 Percent: Unemployment In Europe Is Worse Than It Was At The Peak Of The Last Recession http://theeconomiccollapseblog.com http://albertpeia.com/europeunemploymentworsethanrecession.htm
The unemployment rate in the eurozone is now 10.7 percent. That is the highest the unemployment rate has been since the introduction of the euro. The unemployment rate in the eurozone never got any higher than 10.2 percent during the last recession. This is very troubling news. It was just recently announced that the eurozone has entered another recession, and already the unemployment rate is hitting new record highs. So how bad are things going to get in the months to come? The truth is that the problems for Europe are just starting.

John Taylor Warns Of A "Highly Disastrous, Totally Uncontrollable Inflationary Conflagration"

Durden 3-1-12

All this money sloshing around is nothing but kindling. This is enough to start one hell of a large inflationary fire, but probably not until we have a deflationary panic first – which will add even more kindling to the pile. The progression from the $1.5 billion Chrysler rescue to the current multi-trillion dollar worldwide financial support operations seems to parallel the march from the first US forestry service attempts to limit forest fires about a century ago to the far more sophisticated efforts possible today... Studies have shown that the onset of that catastrophe is almost totally unpredictable. By suppressing small fires, the forests approach an unstable state where the dead wood, resulting from the natural cycle of birth and death in the wild, is piled high, ready to explode into flames if the conditions are right. The central banks and other governmental authorities have piled the money so high that bubbles are popping up everywhere. With so many bubbles and so much kindling, volatility in price is a sure thing. As research has shown that the timing of these dramatic breakdowns, whether a forest fire, an earthquake, or a market crash cannot predicted, or mitigated as it runs its course, the time to control these crises is way before they start. The US Forestry Service knows that, please tell Bernanke!

Goldman Closes Long Russell 2000 Trade On "Sagging Macro Data", "Softer Patch In US Data"

Durden 3-1-12

Busy day for our friends from Goldman who are now turning quite bearish it appears following the two GDP cuts earlier.

Goldman Lowers Q1 GDP For Second Time In One Day

Durden 3-1-12

Earlier we noted how Goldman cut their tracking forecast for Q1 GDP from 2.3% to 2.0% on weaker consumer spending data (which somehow resulted in a surge in consumer confidence: oh well, the US branch of the Chinese Department of Truth has to justify its budget somehow). Not even a full two hours later, the firm has just whacked its forecast for Q1 GDP again, this time on the major ISM miss. And this, ladies and gents, is ultra high frequency economics, where HFT machines push the market up and down without reason, and where this has an immediate impact on economic indicators, all changed around in real time.

Guest Post: If The Market Rolls Over Here....

Durden 3-1-12

The problem for the Fed is that interest rates are already zero, and playing around with bonds and buying more mortgages (the Fed already owns $1 trillion) is ultimately pushing on a string: the Fed can't force all the free money into productive investments, nor can it force banks to lend or consumers to spend. The cliche is "don't fight the Fed;" there is no need to "fight the Fed" because they're busy self-destructing, and all we have to do is watch. Maybe the market will follow Apple in a trajectory to the moon here. If it doesn't, a variety of other models suggests the wheels may fall off the "growth and rising profits forever" story and the market will decline to test recent lows or even hit new lows.

ISM Misses Big

Durden 3-1-12

Somehow or another, our earlier joke that the ISM should beat the highest Wall Street estimate quickly became the whisper number, which was to be expected in the aftermath of yesterday's comparable Chicago PMI action. Which is why when the final ISM came at a whopping miss of 52.5, on consensus of 54.5, and down from 54.1, the market was less than happy. It gets worse: while the bulk of major ISM index components dropped in February, with PMI, New Orders, Production, Employment and Deliveries all down (Inventories unch), it was the scariest component that posted a major jump as Prices soared +6 to 61.5, the highest since June. And with Exports and Imports both improving, this proves that already in February rising gasoline prices started impairing US manufacturing. But don't tell that to the cheerleaders: because who was in the top spot of Wall Street "forecasters" if not Joe LaVorgna with his estimate of 56.0 for the ISM. Regardless, expect market sentiment to immediately shift to one that despite what Bernanke said less than 24 hours ago, this miss is an immediate green light for QE3 and the market should close at or near 14,000. Unless, of course, the vacuum tubes realize the minor detail that when David Tepper went "Balls to the Wall" and both bad news and good news meant stock upside, WTI was $85. It is $108 and rising now.

Next Leg Of The Ponzi Revealed - Foreign Central Banks To Begin Buying US Stocks Outright Starting Today

Durden 3-1-12

We were speechless when we read this from Bloomberg...

As Spirits Soar, Two Bubbles Worth Watching

Durden 3-1-12

And now for something off the beaten path. As the title implies, while the rest of the world is transfixed on the usual bubble candidates in traditional asset classes, two of the bubbles currently brewing well beneath the radar are a second derivative on the uber-wealthy class in China and Hong Kong, which appears to have a very disproprionate impact on spending patterns for ultra luxury goods, in this case cognac and Swiss watches. Not only that, but investing in these up and coming bubbles has some useful externalities: one can drink cognac, while a Swiss watch can be melted into its constituent gold or platinum once the inevitable hyperinflation finally hits. Alternatively, as these are some of the most marginal products available, any changes in consumption patterns here will be the first indication that the Asian party is ending...

Forensic Analysis Of Yesterday's Market-Close Mini Flash Crash

Durden 3-1-12

When reporting on yesterday's bizarre market action, which in addition to criss-crossing the DJIA 13,000K a total of almost 70 times in the past 4 days, saw some very curious fireworks throughout the day, we noted a very curious sell off in stocks in the last second of trading, which we jokingly (or so we thought) claimed was another flash crash. As it turns out, the move may indeed have been a mini flash crash, with all the salient features exhibited by the market on that fateful day in May 2010 when the DJIA plunged by 1000 points in seconds. Nanex, which unlike the SEC, is eager to explain and unearth strange and unexpected market moves, has performed a forensic analysis on this data, and has uncovered the same quote dissemination delay that occured during the Flash Crash, only this time not in the NYSE, but on the Nasdaq. Which, in turn should answer readers' questions whether any exchange is safe (if anyone were to care to find out the answer), aside from Sizma X of course.

Capturing Sarkozy's Close Encounter Of The Third Estate Kind

Durden on 03/01/

Earlier we presented a photo gallery showing Sarkozy's dignified retreat from 'his people.' This time we bring several video clips of the same event as there is quite a bit lost in translation. For one - it certainly explains why democracy is verboten in the old world: imagine putting the fate of the chosen ones in the hands of this mob? What next: proceeds from the payperview cams at La Bastille used to pay down Italian debt?

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Stephen Hadley: Is it time to arm Syria’s rebels? (Washington Post) [ I think then Mr. Hadley should ask the more seminal question that then would be asked; viz., ‘is it time for other nations to arm america’s rebels’. After all, when the majority of the populace realizes how badly they’ve been and are being screwed by the so-called powers that be, inclusive of the oligarchs, etc., ie., wall street banksters, etc., there will be such moments domestically. As it stands, criminals already have arms of all shapes and sizes. How about arming the freedom fighters in Palestine if you’re anxious to do a good deed in the Middle East particularly.

25 Signs That America Is Rapidly Becoming More Like Nazi Germany The American Dream http://albertpeia.com/25signsamericabecominglikenazigermany.htm

Gen. Dempsey: Iran rational actor, not after nukes Press TV | General described any Israeli attack on Iran as “destabilizing.”

5 Reasons Iran is NOT a Threat to the U.S. Michael Edwards | Iran is next unless the American people stop living in fear of manufactured threats.

Torture Architect Argues For Indefinite Detention of Americans Paul Joseph Watson | ACLU: “Nothing short of chilling”.

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Gerson: Afghanistan burning (Washington Post) [ Ah, yes. That magic touch of war crimes nation america. Even as america’s bringing prosperity by way of not ‘heroes in’, but rather, heroin. Yes, that illegal drug’s something within the bailiwick of what america’s all about and knows about. Burning books? Well, Hitler did it. Winning hearts and minds; the meaningfully lawless, pervasively corrupt, defacto bankrupt americans. Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ http://albertpeia/americangovernmentdrugtrafficking.htm http://albertpeia/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”

One way the CIA keeps their drug trafficking hidden from public view

Webb retaliated by having his book Dark Alliance published and making the NY Times best seller list, forcing some of his critics to privately eat crow after the fact.

Government and big business using drug traffic profits is nothing new

A few key players created family fortunes from the China opium trade that exist today within some northeast America’s “old money” families.

Now it is illegal as well. Ironically, this allows the biggest illicit drug providers to financially benefit the CIA and international banking.’

Sources for this article include:

http://whatreallyhappened.com/RANCHO/POLITICS/MOCK/mockingbird.php

http://thepoliticalcoffeehouse.com/2011/12/01/us-military-opium-afghanistan/

Much Of Afghan Drug Money Going To ‘Our Friends’

Steady Stream of Drug Money Departs Afghanistan, U.S. Officials Flummoxed

Afghan CIA Drug Kingpin Shot Dead by Own Bodyguard

Occupiers involved in drug trade: Afghan minister

B.C. RCMP seize 60,000 poppy plants in record haul

NATO rejects Russian call for Afghan poppy spraying

War on drugs is a hoax: US admits to guarding, assisting lucrative Afghan opium trade

UN: Afghan opium production up by 61% under NATO’s watch

DOJ: Drug Cartel’s Influence Extends Well Beyond Border Well Into the U.S.

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Bernanke strikes cautious tone amid signs economic recovery accelerating Factories, stores, even troubled housing market appear to be gaining momentum, Fed reports. (Washington Post) [ Accelerating? Not as fast as the ultimately crushing, insurmountable debt that barely makes it look that way, along with the help of other obfuscations, manipulations, and outright lies. The Coming Derivatives Crisis That Could Destroy The Entire Global Financial System The Economic Collapse http://albertpeia.com/comingderivativescrisis.htm , The REAL $200 TRILLION Problem Bernanke’s Worried About Phoenix Capital... ‘US Commercial banks have $200 TRILLION in interest rate based derivatives sitting on their balance sheets. And guess which banks have the greatest exposure…’ ; and, finally the coup de gras , Ben Bernanke FTMFW Quote Of The Day Durden And the winner is... BERNANKE: HOUSING MAY NO LONGER BE VIEWED AS SECURE INVESTMENT … Here are some other pearls of ‘is dumb’ from helicopter ben b.s. shalom bernanke : http://albertpeia.com/30bunglebenbernankequotes.htm

.. 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%

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.

.. ‘

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

ECB pumps $700B into euro banksThe new round of loans is expected to further ease financial conditions in the troubled currency zone. (Washington Post) [ ‘Weimar World’ and welcome to it. Economists: 2012 is looking up (Washington Post) [ Wow! You really can’t make this stuff up. We now must add economists to the list of those who lack the ability to count! Welcome to what is now ‘Weimar World’, where your worst economic nightmares ultimately come true.

{To Congresswoman Roybal-Allard } ‘…The Keynesian (economic) approach, if ever a wise prescription for ‘economic doldrums’, euphemistically speaking (there are articles/studies/data that dispute the purported effectiveness of the widely hailed ‘Keynesian remedy’ during the prior great depression), the ‘Keynesian way’ is certainly no longer a prudent approach today in light of the insurmountable debt levels of nations worldwide and in america particularly along with the concomitant over-printed, debased ‘paper currencies’ to finance same. Quite simply, there simply is not enough real value being created for redistribution, a situation exacerbated by the parasitic lightening fast, computerized churn and earn high frequency trading programs on fraudulent wall street (they should be prosecuted, jailed, fined, and disgorgement imposed for extant frauds in the trillions now marked to anything as per misguided legislated FASB rule change). [ America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke …The government’s total indebtedness is $211 trillion’. 43,454,601,693,238 Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock ] .This is the consequence of a structural shift fed by greed and misguided policy and cannot be undone (transfer of productive capacity to ie., China, etc., ‘the bell cannot be unrung’). That said which militates against such an extension, this is an election year which probabilities suggest makes highly likely the passage of the extension. I favor your co-sponsored legislation and before the holidays simply in the name and spirit of Christmas and for no other reason whatsoever. Below is a recent comment to Opinion Writer Krauthammer’s ‘more war spending (Keynesian) position’ and an article regarding the folly of same. Immediately following is from my prior post to you concerning something of such manageable proportion and well within the government’s ability to resolve (if the government can’t accomplish this consistent with law and long overdue, then there isn’t anything the government can accomplish), along with other comments to you for ease of reference:

The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm ] For those who think this money-printing out of thin air is without cost, you’re in for a worse than rude awakening. The global markets have become a joke! This is a ‘full press’ as in ‘fiat paper printing presses in overdrive’ debased Weimar dollars / currencies that will end quite badly so take this opportunity to take profits while you can. The manipulated, contrived, and fake data has all been unaffordably ‘electioneared’ for ‘electionyeared’ spin and propaganda. Don’t be their fool! The full moon previously helped keep the contraindicated lunatics’ huge suckers’ rally going with across the board media et als complicity (infra). But not quite … reality (will) catch(es) up … you know the drill … typical suckers’ surge into the close off lows, etc.. Today’s data looked pretty bad to me, even with the manipulations/spin otherwise, ie., Durable goods orders drop by most in 3 years AP , etc.. Then there was previously the manipulated revision to make this month’s distressed, foreclosure sales (backlog) look better. Total scam! This will all end quite badly and is much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles. { http://albertpeia.com/todaysbusinesssummarylinks.htm - today’s business summary links only, by day – scroll down as well for today’s links and for more complete context – Encouraged and recommended! } This global suckers’ rally is based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare (which is being injected sub rosa, see infra), bad news, fraud, b***s***, and desperation alone, as suckers’ rallies ushered in the new year in a most preposterous fashion [Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’ for the superstitious so-called ‘January effect’ based on based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, b***s***, and desperation alone to suck suckers in and keep suckers sucked in! Don’t be their fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s using the up moves to reduce risk assets / stocks / exposure, in other words, he’s selling the rallies which is sound advice. The fundamentals/realities, current and prospective, are worse than ever. There are no systems/formulas for these unprecedentedly dire times. Don’t be their sucker! This is an especially great opportunity to sell / take profits because there’s much, much worse to come! Here’s a simple chart of the Dow’s history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als.] with lingering intoxication an explanation as the printing presses and issuance of worthless insurmountable debt paper are in full throttle globally (a testament to global blindness as the blind follow the blind) making this impending disaster at this time an especially great opportunity to sell / take profits because there’s much, much worse to come! jersey-lautenberg based adp with 100% better than expectations private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce department data? Labor dept. ue claims / ue numbers? Only a fool believes what they say! ( After One Month Respite, Pink Slips Are Flying Again Durden , Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Durden on 01/06/2012 .. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg , ) The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , ‘…technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57…’ , The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm Why earnings will continue to decline MarketWatch , 10 Things That Every American Should Know About The Federal Reserve Eco.Coll.Blog http://albertpeia.com/10thingsmustknowaboutfedreserve.htm #1 The Federal Reserve System Is A Privately Owned Banking Cartel #2 The Federal Reserve System Is A Perpetual Debt Machine #3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar #4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability #5 The Federal Reserve Is Paying Banks Not To Lend Money #6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging #7 The Federal Reserve System Is Dominated By The Big Wall Street Banks #8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913 #9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence #10 The Federal Reserve Has Become Way Too Powerful , A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm Any financial system that is based on debt is doomed to fail. Today, we are living in the greatest debt bubble that the world has ever seen … , Despite Two Thirds Of Components Declining, Empire Fed Prints At Highest Since June 2010 ZeroHedge | Chalk this one to “seasonal adjustments” or something, cause we no longer have any clue what is going on with the data fudging in America. , 20 Signs You Might Be A Typical American Worker http://albertpeia.com/20signsoftypicalamericanworker.htm , 10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm , 8 Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default http://albertpeia.com/8reasonsgreekdebtdefaultstillcoming.htm , 55 Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm ‘How is the U.S. economy doing in 2012? Unfortunately, it is not doing nearly as well as the mainstream media would have you believe. Yes, things have stabilized for the moment but this bubble of false hope will not last for long. The long-term trends that are ripping our economy and our financial system to shreds continue unabated. When you step back and look at the broader picture, it is hard to deny that we are in really bad shape and that things are rapidly getting worse. Later on in this article you will find a list of interesting facts that show the true state of the U.S. economy… , http://albertpeia.com/debtpercapita.jpg , Double-dip recession setting in across eurozone: EU Thomson | AFP , America 1950 vs. America 2012 http://albertpeia.com/downhillslideofamerica.htm , No Housing Recovery - Case Shiller Shows 8th Consecutive Month Of House Price Declines Durden 2-28-12 Little that can be added here. The December Case Shiller came, saw, and shut up all those who keep calling for a home price recovery. The Index printed at 136.71 on expectations of 137.11, with the prior revised to 138.24. The top 20 City composite was down -0.5% on expectations of a 0.35% drop. 18 out of 20 MSAs saw monthly declines in December over November… , Goldman: Germany Is Now On The Hook By €1 Trillion (Or 40% Of GDP) Durden 2-28-12 Earmuffs time for our German readers. , Durable Goods Big Miss -4%, Expected -1%, Biggest Sequential Drop Since January 2009 Durden 2-28-12 , 20 Economic Statistics To Use To Wake Sheeple Up From Their Entertainment-Induced Comas http://albertpeia.com/20ecostatstowakesheeple.htm ‘The Dow has closed above 13,000 for the first time since 2008, and the mainstream media is declaring that a strong economic recovery is underway. Barack Obama is telling anyone who will listen that his economic policies are a huge success, and U.S. consumers are piling up astounding amounts of new debt. Unfortunately, this euphoria about the economy will be short-lived. None of the long-term problems that are destroying the U.S. economy have been solved. In fact, there are dozens of statistics that can be quoted that prove that the U.S. economy is in far worse shape than it was when the recession supposedly ended. , Why Is the Financial World So Messed Up? : Phoenix Capital... : 2-29-12 - Why is the financial world so messed up? Because it’s run by Central Bankers. And those folks view money very differently than the businesspeople who create businesses, jobs, and wealth. Germany Will Force Greece Out or Walk… Either Way a Collapse is Coming http://gainspainscapital.com February 29, 2012 By gpc1981 The situation in Europe has now reached the point that the major players have shown their hands. And they are: 1) Germany will not put up more money unless Greece essentially passes up its fiscal sovereignty. 2) The G20 will not give more money to Europe via the IMF unless Germany and other EU nations create a “firewall” by putting more capital into the ESM mega-fund. 3) The ECB has announced Greek bonds are not eligible collateral for its LTRO operations, so if banks need immediate liquidity, they need to go to national central banks (read Germany). This is quite a turn of events. Prior to this, the ECB and Germany were seen to be working hand in hand (aside from the usual political spats) to save Europe. But between the ECB’s decision to swap out its Greek debt for new debt that won’t take a hit in the event of Greek default as well as its recent rejection of Greek debt as collateral for LTRO loans, it appears that the ECB is increasingly going to make Europe’s problems Germany’s problems. , Ron Paul To Ben Bernanke: "People Lose Trust In The Government Because You Lie To Them About Inflation" Durden 2-29-12 , China Dumps $100+ Billion In USTs In December Per Revised TIC Data; UK Is Now Russia's Shadow Buyer Durden 2-29-12 , Fed's Beige iPad Notes The Usual Regurgitated Fluff About The Economy Durden 2-29-12 For those confused, the Fed's Beige Book has been upgraded to the Beige iPad (apparently Ben is not a fan of the black or white version). Regardless, the latest version has just been released spewing forth the usual reflexive platitudes, in which the economy is said to be better because the stock market is higher, and so forth. In other words, the same stuff that completely ignores $110 WTI. Via Bloomberg: -FED SAYS U.S. ECONOMY EXPANDED AT `MODEST TO MODERATE PACE' - FED SAYS CONSUMER SPENDING WAS `GENERALLY POSITIVE' -FED SAYS MANUFACTURING EXPANDED AT `STEADY PACE' NATIONWIDE And more such headlines which nobody will actually read, except for the algos which scalp the optimistic tone put there precisely for such a purpose. , More Liquidity Extraction: Fed Resumes Reverse Repos Durden 2-29-12 , Ben Bernanke: "The ECB Is Well Capitalized" Durden 2-29-12 [Preposterous!] , Dave’s Daily: http://www.etfdigest.com NEFARIOUS ALGOS STOMP MARKETS 2-29-12 ‘The big story Wednesday was a “bear raid”. It began with what some initially referred to as either a mistake (“fat fingered”) with unusually large selling of Treasury futures contracts (over 100K contracts in one trade). The trade, later described as legitimate (see WSJ story) was based on the idea Bernanke would take QE3 off the table sending interest rates higher. The size of these trades created a domino effect triggering heavy selling in commodity markets, especially with precious metals which are also on an options expiration cycle. Much of the related selling was triggered by HFT algos piling headlines with selling. It’s also been common the past couple of years now to see some deliberate manipulation of prices by a handful of institutions in precious metals markets at the futures and options exchanges …’ , Does UPS Deserve to Be in the Dow? [ Yes! ] , 17 States Considering State Banks Noel Brinkerhoff | State run banks could be the road to sovereignty and the cure for Wall Street raping of US economy , Gold, Silver Plunge As Fears Monetary Punchbowl Is Taken Away Spread Zero Hedge | It seems the initial drop was merely the appetizer as Gold and Silver are now down considerably… , Another Unintended Consequence: $80 Billion ‘Gas Price’ Tax On Consumption Zero Hedge | The 60-cent to 80-cent increase in gas prices nationwide over the past two months is equivalent to a $60 billion to $80 billion annualized tax on consumption. , Dollar Alternative Anyone? Greg Hunter | Countries around the world have been actively seeking ways to not do business in dollars for the past few years.

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Milbank: Last vestiges of sense flee the Senate (Washington Post) [ Well, based upon close and direct observation and ‘direct indirect’ experience with the corrupt zionist lieberman et als of connecticut, new jersey, new york, california, virginia, etc., if he be typical of those others then one may appropriately say, good riddens! So what! Who cares? Quelle est la difference? After all, there isn’t one among them that doesn’t bear some responsibility for the current debacle, coming disaster called ’america’. This much, however, I do agree with Mr. Milbank who writes, ‘with each day on Capitol Hill comes more evidence that the place is broken beyond repair’. I couldn’t have said it better myself! 34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://theeconomiccollapseblog.com http://albertpeia.com/34shockingfactsaboutusdebt.htm ‘We have all been lied to. For decades, the leaders of both major political parties have promised us that they can fix our current system and that they can get our national debt under control. As the 2012 election approaches, they are making all kinds of wild promises once again. Well you know what? It is all a giant sham. The United States has gotten into so much debt that there will be no coming back from this. The current system is irretrievably broken… Professor Laurence J. Kotlikoff, the U.S. is facing a "fiscal gap" of over 200 trillion dollars in the future. The following is a brief excerpt from a recent article that he did for CNN...The government's total indebtedness -- its fiscal gap -- now stands at $211 trillion.. The fiscal gap is the difference, measured in present value, between all projected future spending obligations -- including our huge defense expenditures and massive entitlement programs, as well as making interest and principal payments on the official debt -- and all projected future taxes…#33 If you add up all forms of debt in the United States (government, business and consumer), it comes to more than 56 trillion dollars. That is more than $683,000 per family…).

10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm

55 Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Housing prices at lowest level since 2002Nation’s home prices fell in December to their lowest point since 2002, according to a private report, casting a troubling shadow over what has otherwise been a brightening economic recovery. (Washington Post) [ What brightening recovery? This is an election year in america. They are spending all kinds of money that’s not really there (printing presses in over-drive, borrowing despite insurmountable indebtedness, etc.) to give the look and feel of something other than the unmitigated disaster facing the world and pervasively corrupt, defacto bankrupt america. Reason? They’re all trying to keep their jobs, having lost so may for so many owing to what they’ve done and not, including prosecuting huge, gargantuan frauds still extant, now marked to anything as per the mis-guided legislated FASB rule change. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm ] For those who think this money-printing out of thin air is without cost, you’re in for a worse than rude awakening. The global markets have become a joke! This is a ‘full press’ as in ‘fiat paper printing presses in overdrive’ debased Weimar dollars / currencies that will end quite badly so take this opportunity to take profits while you can. The manipulated, contrived, and fake data has all been unaffordably ‘electioneared’ for ‘electionyeared’ spin and propaganda. Don’t be their fool! The full moon previously helped keep the contraindicated lunatics’ huge suckers’ rally going with across the board media et als complicity (infra). But not quite … reality (will) catch(es) up … you know the drill … typical suckers’ surge into the close off lows, etc.. Today’s data looked pretty bad to me, even with the manipulations/spin otherwise, ie., Durable goods orders drop by most in 3 years AP , etc.. Then there was previously the manipulated revision to make this month’s distressed, foreclosure sales (backlog) look better. Total scam! This will all end quite badly and is much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles. { http://albertpeia.com/todaysbusinesssummarylinks.htm - today’s business summary links only, by day – scroll down as well for today’s links and for more complete context – Encouraged and recommended! } This global suckers’ rally is based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare (which is being injected sub rosa, see infra), bad news, fraud, b***s***, and desperation alone, as suckers’ rallies ushered in the new year in a most preposterous fashion [Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’ for the superstitious so-called ‘January effect’ based on based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, b***s***, and desperation alone to suck suckers in and keep suckers sucked in! Don’t be their fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s using the up moves to reduce risk assets / stocks / exposure, in other words, he’s selling the rallies which is sound advice. The fundamentals/realities, current and prospective, are worse than ever. There are no systems/formulas for these unprecedentedly dire times. Don’t be their sucker! This is an especially great opportunity to sell / take profits because there’s much, much worse to come! Here’s a simple chart of the Dow’s history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als.] with lingering intoxication an explanation as the printing presses and issuance of worthless insurmountable debt paper are in full throttle globally (a testament to global blindness as the blind follow the blind) making this impending disaster at this time an especially great opportunity to sell / take profits because there’s much, much worse to come! jersey-lautenberg based adp with 100% better than expectations private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce department data? Labor dept. ue claims / ue numbers? Only a fool believes what they say! ( After One Month Respite, Pink Slips Are Flying Again Durden , Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Durden on 01/06/2012 .. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg , ) The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , ‘…technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57…’ , The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm Why earnings will continue to decline MarketWatch , 10 Things That Every American Should Know About The Federal Reserve Eco.Coll.Blog http://albertpeia.com/10thingsmustknowaboutfedreserve.htm #1 The Federal Reserve System Is A Privately Owned Banking Cartel #2 The Federal Reserve System Is A Perpetual Debt Machine #3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar #4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability #5 The Federal Reserve Is Paying Banks Not To Lend Money #6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging #7 The Federal Reserve System Is Dominated By The Big Wall Street Banks #8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913 #9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence #10 The Federal Reserve Has Become Way Too Powerful , A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm Any financial system that is based on debt is doomed to fail. Today, we are living in the greatest debt bubble that the world has ever seen … , Despite Two Thirds Of Components Declining, Empire Fed Prints At Highest Since June 2010 ZeroHedge | Chalk this one to “seasonal adjustments” or something, cause we no longer have any clue what is going on with the data fudging in America. , 20 Signs You Might Be A Typical American Worker http://albertpeia.com/20signsoftypicalamericanworker.htm , 10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm , 8 Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default http://albertpeia.com/8reasonsgreekdebtdefaultstillcoming.htm , 55 Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm ‘How is the U.S. economy doing in 2012? Unfortunately, it is not doing nearly as well as the mainstream media would have you believe. Yes, things have stabilized for the moment but this bubble of false hope will not last for long. The long-term trends that are ripping our economy and our financial system to shreds continue unabated. When you step back and look at the broader picture, it is hard to deny that we are in really bad shape and that things are rapidly getting worse. Later on in this article you will find a list of interesting facts that show the true state of the U.S. economy… , http://albertpeia.com/debtpercapita.jpg , Double-dip recession setting in across eurozone: EU Thomson | AFP , America 1950 vs. America 2012 http://albertpeia.com/downhillslideofamerica.htm , No Housing Recovery - Case Shiller Shows 8th Consecutive Month Of House Price Declines Durden 2-28-12 Little that can be added here. The December Case Shiller came, saw, and shut up all those who keep calling for a home price recovery. The Index printed at 136.71 on expectations of 137.11, with the prior revised to 138.24. The top 20 City composite was down -0.5% on expectations of a 0.35% drop. 18 out of 20 MSAs saw monthly declines in December over November… , Goldman: Germany Is Now On The Hook By €1 Trillion (Or 40% Of GDP) Durden 2-28-12 Earmuffs time for our German readers. , Durable Goods Big Miss -4%, Expected -1%, Biggest Sequential Drop Since January 2009 Durden 2-28-12 And so the transition to the QE3 "economic disappointment" regime begins. Because after the ECB is done with the LTRO it's over for global QEasing, and the Fed is next. Remember- Bernanke's semiannual testimony to Congress is tomorrow. Whatever will he say.... -Headline Durable Goods plunges from +3.2 to -4% on expectations of -1% -More painfully, Durable goods non-defense ex aircraft down a whopping -4.5% on Exp of -1.3%, down from +3.4%. Visually, this is the lowest Durable Goods number since January 2009 , Ireland Mentions "R" Word, EUR Plunges Durden 2-28-12 , Silver Passes 30% YTD As Catch 22 Economic "Updates" Becomes Blurry Durden 2-28-12 , It Begins: ECB Calls For Bids In 3 Year LTRO Durden 2-28-12 , JPM Pwns Nancy Pelosi Durden 2-28-12 , THiS Is TROIKA! : williambanzai7 : 02/28/2012 "There will be no glory in your sacrifice. I will erase even the memory of free Greece from the histories."---Xerxes , 20 Signs That Dust Bowl Conditions Will Soon Return To The Heartland Of America http://albertpeia.com/dustbowlusa.htm , Conditions Ripe for Inflation Inferno, St. Louis Fed Economist Warns The Wall Street Journal ‘…“Both economic theory and historical experience suggest that a significant and persistent expansion in the money supply will be associated with a significant increase in the longer-run inflation rate,” Thornton writes …’ [ Let’s get real here. Inflation’s vastly underreported / manipulated (ask any grocery shopper with meats, etc., up 30-50-70% to even 100% year over year most recently; and then there’s those gas prices), particularly now, and is already rampant! ] , Dave’s Daily: http://www.etfdigest.com HEADLINE WRITERS EXTOL DOW 13,000 2-28-12 ‘Headline writers are busy spinning the Dow breaking above 13,000. It’s a neat headline but as Ace Greenberg was fond of saying: “It’s just a number.” But this is the number Main Street and the media follow and obsess over most. The more cynical expression has always been; “The Dow is just window dressing for the tourists.” After all the index is just 30 “price weighted” large companies whereas the S&P 500 gives you a better overall picture of market strength.Economic data wasn’t great but bulls managed to cherry-pick the news they liked and ran with it most of the day. Durable Goods sank (-4% vs -.7% expected and prior 3.2%); Case-Shiller Home Price Index (-.5% vs -.4% expected and prior -.7% previous); GS Weekly Store Sales (-1.0% vs previous 3.00%) and lastly, Consumer Confidence (70.8 vs 64 expected and previous 61.1) was what bulls grasped (which is absolutely ridiculous since it’s manipulated if not outright false). , Stocks' Strength Could Prompt Pensions To Sell --- SocGen Barrons.com [ Wise move! ] , US Case-Shiller 20-city composite home price index (nsa) -1.1% to 136.7 in Dec, vs neg revised 138.2 in Nov; -3.99% y/y. Feb 28th, 2012 by News , US durable goods orders -4.0% in Jan, well below market expectations of -1.0%, vs positive revised +3.2% in Dec; -3.2% ex-trans. Feb 28th, 2012 by News , PIMCO's Gross shifts to defensive investment model NEW YORK (Reuters) , Corporate Profits Rise – but Wages Fail to keep Pace with Inflation

Noel Brinkerhoff , Economist Predicts US Interest Rates To Explode To 3.75% This Year Business Insider | John Ryding, chief economist at RDQ Economics in New York, expects rates on 10-year Treasuries to reach 3.75 percent this year. , Stockman: If We Want to Bring Oil Prices Down, We Should Stop Beating the War Drums Washington’s Blog | Stockman: War Drums Are Driving Up Oil Prices and Hurting the Economy. , Economy Squeezed As Debt Accelerates Ron Paul | Senator Jeff Sessions, ranking member of the Senate Budget Committee has pointed out that our per capita government debt is already larger than Greece’s. , Guest Post:The Existential Financial Problem Of Our Time Durden 2-28-12 The modern, debt-based economy requires constant economic expansion if only to service all that debt. So what happens when the modern economy goes ex-growth and stops expanding? Iceland already found out. Greece is in the process of discovering. But we will all get a chance to participate in this lesson. Runaway fiscal and monetary stimulus throughout the western economies is in the process of destroying the concept of creditworthiness at the centre of the modern monetary system. Private investors, we suspect, have little or no conception of the extent to which the state is now the predominant player in the financial markets. Central banks control the money supply and interest rates. Central banking and commercial banking interests have essentially become fused. The ECB's long-term refinancing operations are banking bailouts by the back door. Central banks are now also the swing players in government bond markets which directly influences the price for corporate credit. Central bank monetary stimulus also directly influences equity market direction and confidence. Be careful, be very careful about the sort of government debt you hold. You may well end up being paid in whole- but in such depreciated terms that being "kept whole" will be meaningless in real terms , Phantom Gold And Deconstructing PollyAnna Durden 2-28-12 Many want to believe that a stock market that has doubled from the March 2009 low (or added $9tn in market cap) has to mean that the US economy is in a healthy long-term recovery. Unfortunately, as Charles Biderman of TrimTabs explains, the PollyAnnas are wrong. The sentiment, built on the three pillars of an improved labor market, higher corporate earnings, and the return of the housing market, are all based upon misleading data. Starting from the position of discovering where the new money is coming from, the Bay Area Beau dismantles each of the pillars one by one and ends by noting that it is not Gold, which has outpaced stock market gains, that is a phantom currency but the USD. , Sheer Mirror Image Insanity: S&P Hits New Multi Year Highs As 10 Year Bond Slides Below 1.90% Durden 2-28-12 There no longer are any words left to explain what is going on in this centrally planned market (technically "enantiomeric" may be a word, but nobody would get it). It is sheer and utter bipolar insanity, when the S&P can hit multi-year highs even as the 10 year drops below 1.90%, something which in the pre-New Normal would be completely impossible. We wish luck to anyone "trading" a market (read trading alongside Central Bank X, with momentum escalated courtesy of Algo Y, regulated by the SEC no less) which is now pricing in extreme deflation and inflation at the same time, or, simply said, much more QE from the Chairman, record EUR Brent be damned. Oh, and with crude (in USD) back on track to surpass $110, we can't wait for the Department of Truth to tell us how February consumer confidence is literally off the charts.

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Dow closes above 13,000 for 1st time since ’08 (Washington Post) [ And we all know what happened then; or do we? As to the latter, it’s the ‘fraud part’ that’s had the benefit of lurking in the shadows, just waiting (with HFT trading algos churning and earning at lightning computerized speed) for a favorable time to strike againg.

Sheer Mirror Image Insanity: S&P Hits New Multi Year Highs As 10 Year Bond Slides Below 1.90% Durden 2-28-12 There no longer are any words left to explain what is going on in this centrally planned market (technically "enantiomeric" may be a word, but nobody would get it). It is sheer and utter bipolar insanity, when the S&P can hit multi-year highs even as the 10 year drops below 1.90%, something which in the pre-New Normal would be completely impossible. We wish luck to anyone "trading" a market (read trading alongside Central Bank X, with momentum escalated courtesy of Algo Y, regulated by the SEC no less) which is now pricing in extreme deflation and inflation at the same time, or, simply said, much more QE from the Chairman, record EUR Brent be damned. Oh, and with crude (in USD) back on track to surpass $110, we can't wait for the Department of Truth to tell us how February consumer confidence is literally off the charts.

Guest Post: Counterfeit Money, Counterfeit Policy Durden on 01/31/2012 Counterfeiting is illegal because it is the false creation of value. The counterfeiter takes low-value paper and turns it into high-value money, which is fundamentally a claim on the real productive value of the economy that issues the currency and recognizes it as a proxy means of exchanging that productive value. Counterfeiting is illegal because the counterfeiter creates no additional value--he creates only the proxy for value. Creating real value--adding meaningful goods or services to the economy--is tedious, hard work. How much easier to simply transform near-worthless paper into a claim on actual goods and services. If this is illegal, then would somebody please arrest the Board of the Federal Reserve for counterfeiting? The Fed has blatantly printed money without creating any real value to back up their added claims on productive value. Hence they are counterfeiting, pure and simple. A government based on rule of law would arrest these fraudsters and cons at the earliest possible convenience.

No Housing Recovery - Case Shiller Shows 8th Consecutive Month Of House Price Declines Durden 2-28-12 Little that can be added here. The December Case Shiller came, saw, and shut up all those who keep calling for a home price recovery. The Index printed at 136.71 on expectations of 137.11, with the prior revised to 138.24. The top 20 City composite was down -0.5% on expectations of a 0.35% drop. 18 out of 20 MSAs saw monthly declines in December over November, with just the worst of the worst - Miami and Phoenix - posting a dead cat bounce, rising 0.2% and 0.8% respectively. And granted the data is delayed, but the fact that we have now had 8 consecutive months of home price declines even with mortgage rates persistently at record lows, and the double dip in housing more than obvious, can we finally shut up about a housing bottom? Because as Case Shiller's David Blitzer says: "If anything it looks like we might have reentered a period of decline as we begin 2012.” QED

Goldman: Germany Is Now On The Hook By €1 Trillion (Or 40% Of GDP) Durden 2-28-12 Earmuffs time for our German readers.

Durable Goods Big Miss -4%, Expected -1%, Biggest Sequential Drop Since January 2009 Durden 2-28-12 And so the transition to the QE3 "economic disappointment" regime begins. Because after the ECB is done with the LTRO it's over for global QEasing, and the Fed is next. Remember- Bernanke's semiannual testimony to Congress is tomorrow. Whatever will he say....

Headline Durable Goods plunges from +3.2 to -4% on expectations of -1%

More painfully, Durable goods non-defense ex aircraft down a whopping -4.5% on Exp of -1.3%, down from +3.4%.

Visually, this is the lowest Durable Goods number since January 2009

Guest Post:The Existential Financial Problem Of Our Time Durden 2-28-12 The modern, debt-based economy requires constant economic expansion if only to service all that debt. So what happens when the modern economy goes ex-growth and stops expanding? Iceland already found out. Greece is in the process of discovering. But we will all get a chance to participate in this lesson. Runaway fiscal and monetary stimulus throughout the western economies is in the process of destroying the concept of creditworthiness at the centre of the modern monetary system. Private investors, we suspect, have little or no conception of the extent to which the state is now the predominant player in the financial markets. Central banks control the money supply and interest rates. Central banking and commercial banking interests have essentially become fused. The ECB's long-term refinancing operations are banking bailouts by the back door. Central banks are now also the swing players in government bond markets which directly influences the price for corporate credit. Central bank monetary stimulus also directly influences equity market direction and confidence. Be careful, be very careful about the sort of government debt you hold. You may well end up being paid in whole- but in such depreciated terms that being "kept whole" will be meaningless in real terms.

Phantom Gold And Deconstructing PollyAnna Durden 2-28-12 Many want to believe that a stock market that has doubled from the March 2009 low (or added $9tn in market cap) has to mean that the US economy is in a healthy long-term recovery. Unfortunately, as Charles Biderman of TrimTabs explains, the PollyAnnas are wrong. The sentiment, built on the three pillars of an improved labor market, higher corporate earnings, and the return of the housing market, are all based upon misleading data. Starting from the position of discovering where the new money is coming from, the Bay Area Beau dismantles each of the pillars one by one and ends by noting that it is not Gold, which has outpaced stock market gains, that is a phantom currency but the USD.

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Saving the Afghan strategy Editorial Board The U.S. and NATO need to finish the job of creating a strong army and police force. (Washington Post) [ Righto … coming right up … a corrupt army and police force that will (for a price) keep that lucrative (‘for the few’) heroin production / trade rollin’.

Pentagon stands by strategy in Afghanistan (Washington Post) [ Well, there you go! If it ain’t NOT Broken, don’t fix it … especially in light of the successful defacto bankruptcy of the nation and the now resurgent opium/heroin trade production courtesy of the pentagon … Brilliant, absolutely brilliant! Not! Bloody hell, good show!

NATO personnel pulled from Afghan ministries Marine Gen. John R. Allen, the top U.S. commander in Afghanistan, recalled all NATO personnel working in the Kabul area after an Afghan security official killed two NATO soldiers inside the Interior Ministry earlier in the day. (Washington Post) [ Sounds like a plan! You know, that ‘winning hearts and minds’ thing! And, that ‘Farenheit 451’ stratagem’s a sure-fire winner every time…Not!

One way the CIA keeps their drug trafficking hidden from public view

Webb retaliated by having his book Dark Alliance published and making the NY Times best seller list, forcing some of his critics to privately eat crow after the fact.

Government and big business using drug traffic profits is nothing new

A few key players created family fortunes from the China opium trade that exist today within some northeast America’s “old money” families.

Now it is illegal as well. Ironically, this allows the biggest illicit drug providers to financially benefit the CIA and international banking.’

Sources for this article include:

http://whatreallyhappened.com/RANCHO/POLITICS/MOCK/mockingbird.php

http://thepoliticalcoffeehouse.com/2011/12/01/us-military-opium-afghanistan/

Much Of Afghan Drug Money Going To ‘Our Friends’

Steady Stream of Drug Money Departs Afghanistan, U.S. Officials Flummoxed

Afghan CIA Drug Kingpin Shot Dead by Own Bodyguard

Occupiers involved in drug trade: Afghan minister

B.C. RCMP seize 60,000 poppy plants in record haul

NATO rejects Russian call for Afghan poppy spraying

War on drugs is a hoax: US admits to guarding, assisting lucrative Afghan opium trade

UN: Afghan opium production up by 61% under NATO’s watch

DOJ: Drug Cartel’s Influence Extends Well Beyond Border Well Into the U.S.

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Germany approves Greek bailout Germany’s parliament overwhelmingly approved its country’s contribution to the Greek bailout on Monday, serving as a reminder that, for all of Germany’s caution about funding its poorer neighbors, Europe’s largest economy is still willing to muster billions to aid others.Greece cut to selective default by S&P (Washington Post) [ ‘Selective default’ … hmmm! I’m not being facetious when I say that this world, and the west especially, has reached a point of historically unprecedented and unparalleled comedic pathos!

The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm ] For those who think this money-printing out of thin air is without cost, you’re in for a worse than rude awakening. The global markets have become a joke! This is a ‘full press’ as in ‘fiat paper printing presses in overdrive’ debased Weimar dollars / currencies that will end quite badly so take this opportunity to take profits while you can. The manipulated, contrived, and fake data has all been unaffordably ‘electioneared’ for ‘electionyeared’ spin and propaganda. Don’t be their fool! The full moon previously helped keep the contraindicated lunatics’ huge suckers’ rally going with across the board media et als complicity (infra). But not quite … reality (will) catch(es) up … you know the drill … typical suckers’ surge into the close off lows, etc.. Then there’s the manipulated revision to make this month’s distressed, foreclosure sales (backlog) look better. Total scam! This will all end quite badly and is much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles. { http://albertpeia.com/todaysbusinesssummarylinks.htm - today’s business summary links only, by day – scroll down as well for today’s links and for more complete context – Encouraged and recommended! } This global suckers’ rally is based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare (which is being injected sub rosa, see infra), bad news, fraud, b***s***, and desperation alone, as suckers’ rallies ushered in the new year in a most preposterous fashion [Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’ for the superstitious so-called ‘January effect’ based on based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, b***s***, and desperation alone to suck suckers in and keep suckers sucked in! Don’t be their fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s using the up moves to reduce risk assets / stocks / exposure, in other words, he’s selling the rallies which is sound advice. The fundamentals/realities, current and prospective, are worse than ever. There are no systems/formulas for these unprecedentedly dire times. Don’t be their sucker! This is an especially great opportunity to sell / take profits because there’s much, much worse to come! Here’s a simple chart of the Dow’s history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als.] with lingering intoxication an explanation as the printing presses and issuance of worthless insurmountable debt paper are in full throttle globally (a testament to global blindness as the blind follow the blind) making this impending disaster at this time an especially great opportunity to sell / take profits because there’s much, much worse to come! jersey-lautenberg based adp with 100% better than expectations private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce department data? Labor dept. ue claims / ue numbers? Only a fool believes what they say! ( After One Month Respite, Pink Slips Are Flying Again Durden , Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Durden on 01/06/2012 .. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg , ) The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , ‘…technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57…’ , The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm Why earnings will continue to decline MarketWatch , 10 Things That Every American Should Know About The Federal Reserve Eco.Coll.Blog http://albertpeia.com/10thingsmustknowaboutfedreserve.htm #1 The Federal Reserve System Is A Privately Owned Banking Cartel #2 The Federal Reserve System Is A Perpetual Debt Machine #3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar #4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability #5 The Federal Reserve Is Paying Banks Not To Lend Money #6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging #7 The Federal Reserve System Is Dominated By The Big Wall Street Banks #8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913 #9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence #10 The Federal Reserve Has Become Way Too Powerful , A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm Any financial system that is based on debt is doomed to fail. Today, we are living in the greatest debt bubble that the world has ever seen … , Despite Two Thirds Of Components Declining, Empire Fed Prints At Highest Since June 2010 ZeroHedge | Chalk this one to “seasonal adjustments” or something, cause we no longer have any clue what is going on with the data fudging in America. , 20 Signs You Might Be A Typical American Worker http://albertpeia.com/20signsoftypicalamericanworker.htm , 10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm , 8 Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default http://albertpeia.com/8reasonsgreekdebtdefaultstillcoming.htm , 55 Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm ‘How is the U.S. economy doing in 2012? Unfortunately, it is not doing nearly as well as the mainstream media would have you believe. Yes, things have stabilized for the moment but this bubble of false hope will not last for long. The long-term trends that are ripping our economy and our financial system to shreds continue unabated. When you step back and look at the broader picture, it is hard to deny that we are in really bad shape and that things are rapidly getting worse. Later on in this article you will find a list of interesting facts that show the true state of the U.S. economy… , http://albertpeia.com/debtpercapita.jpg , Double-dip recession setting in across eurozone: EU Thomson | AFP , America 1950 vs. America 2012 http://albertpeia.com/downhillslideofamerica.htm , S&P Declares Greece in Default Wall Street Journal [Breaking] , 3 doomsaying experts who foresee economic devasation ahead... By Adam Shell NEW YORK – ‘Behind the mainstream Wall Street happy talk about more stable financial markets and an improving economy are grim warnings of tough times ahead from a small cadre of doomsayers who warn that the worst of the financial crisis is still to come. , Military Keynesianism Can’t Work … Because WWII Was Different from Current Wars Washington’s Blog | “Military Keynesians” – people who think that war is good for the economy – base their theory on the mistaken idea that World War 2 pulled us out of the Great Depression. , David Rosenberg: "It's A Gas, Gas, Gas!" Durden 2-27-12 "It Is completely ironic that we would be experiencing one of the most powerful cyclical upswings in the stock market since the recession ended at a time when we are clearly coming off the poorest quarter for earnings... , Mountain Of Worry Shifts From Olympus To Zagros Durden 2-27-12 , It's Official: S&P Cuts Greece To (Selective) Default From CC Durden 2-27-12 From S&P: "We lowered our sovereign credit ratings on Greece to 'SD' following the Greek government's retroactive insertion of collective action clauses (CACs) in the documentation of certain series of its sovereign debt on Feb. 23, 2012....We do not generally view CACs (to the extent that they are included in an original issuance) as changing a government's incentive to pay its obligations in full and on time. However, we believe that the retroactive insertion of CACs will diminish bondholders' bargaining power in an upcoming debt exchange , Brodsky On Buffet On Gold Durden 2-27-12 We have repeatedly voiced our views on Buffett's relentless bashing of the only asset that is a guaranteed protection against now exponential currency debasement and central planner, and other PhD economist, stupidity, most recently here. We are happy that other, more politically correct asset managers, have decided to share how they fell, and take the crony capitalist to task. The first (of many we are sure), are Lee Quaintance and Paul Brodsky of QBAMCO who have just penned "Golden Boy" or the much needed "high society" response to the old man from Omaha… We strongly disagree with Mr. Buffett’s views and we thought it would be best to explore his comments and provide our counter-arguments." , Name The Bubble Durden 2-27-12 As the title suggests, please name the latest bubble , Here Is Why Someone Will Be Disappointed By The LTRO Durden 2-27-12 Gaming out the impact of this week's LTRO2 demand on global risk assets is complicated by the ability of banks to mobilize collateral (how much can they pledge to the ECB and how much of that will be 'optimal' given the implicit subordination of senior unsecured debt holders), the use of those funds (carry trade economics are considerably lower and refinancing needs remain high), and the market's expectations (just how much more back-door QE is priced into European - and for that matter - US asset prices). , Merkel: "No Guarantee Second Greek Bailout Will Work" Durden 2-27-12 , Art Cashin On The World Running Out Of Ideas To Bail Out Itself Durden 2-27-12 , Guest Post: The Trajectory Of Tragedy Durden 2-27-12 With an economy of just $3.2Tn versus the United States $14.3Tn Germany is trying to prop up a Eurozone that is more than one trillion dollars bigger than America. They just do not have the resources for the task they are undertaking and I predict serious consequences, eventually, from their efforts. Germany is “best of class” and will be the last to go but they cannot evade the European recession in the end and I think it is only a matter of time and unfortunate decisions before the austerity demands made on so many will wind their way back home to those who made the demands. They used a timeline that was much too short for the job at hand and payment will eventually be forced upon them. They obviously get the joke where Eurobonds and other ploys of this nature average the economies of Europe and the standards of living over some period of time so that Germany, in the end, will suffer most as they have the furthest to fall. They have approached the G-20, China, the emerging market countries and all polite responses to the side; the results have been about zip. The Germans are running out of both time and money and Franz is squirming in the beer hall. , The (European) Placebo Effect Durden 2-27-12 , Guest Post: Extend And Pretend Coming To An End Durden 2-26-12 … The Federal government, Federal Reserve, Wall Street banks, regulatory agencies and commercial real estate debtors have colluded since 2008 to pretend cash flow doesn’t matter. Their plan has been to “extend and pretend”, praying for an economic recovery that would save them from their greedy and foolish risk taking during the 2003 – 2007 Caligula-like debauchery. DEBT DEFAULT MEANS HUGE LOSSES FOR THE WALL STREET CRIMINAL BANKS. Of course the banksters will just demand another taxpayer bailout from the puppet politicians. This repeat scenario gives new meaning to the term shop until you drop. Extending and pretending can work for awhile as accounting obfuscation, rolling over bad debts, and praying for a revival of the glory days can put off the day of reckoning for a couple years. Ultimately it comes down to cash flow, whether you’re a household, retailer, developer, bank or government. America is running on empty and extending and pretending is coming to an end. , The Key Players Are Showing Their Hands… Will Germany Go “All In”? February 27, 2012 By gpc1981 http://gainspainscapital.com ‘As I’ve stated time and again, Germany is the only EU member that has the money to get Greece through this next round of debt payments (14.4 billion Euros coming due March 20). But Merkel isn’t going to give the money without Greece submitting to German fiscal demands.However, there is no way Greece will submit to German fiscal authority. Heck the Greeks are even going so far as to bring up German war reparations from WWII!Greek MP’s raise the issue of German war reparations. The Athens News reported that the MP’s have stressed that Germany owes Greece a debt of 54 billion euros before interest (70 billion with interest). They are calling for the issue to be raised as a national issue as Greece was the only country to which Germany failed to pay war reparations. , Dave’s Daily: http://www.etfdigest.com SPRINT TO DOW 13K FALLS SHORT 2-27-12 ‘Stocks started the day on the wrong foot as more worries from the eurozone surfaced. On Monday the G-20 didn’t provide any additional fire power for IMF lending to increase a firewall. Most authorities just said it wasn’t a need at this time. But after, Pending Home Sales rose 2% from 95.1 (revised lower) to 97.0. Stocks then rallied reversing the lower gap open. Evidently algos paid no attention to the revision lower of previous data preferring to trade the better headline instead. , German Minister Calls for Greek Euro Exit Feb 27th, 2012 , Why China will have an economic crisis — Time , Gasoline Prices Are Not Rising, the Dollar Is Falling Louis Woodhill | Eventually, all prices equilibrate with gold. , The Perfection Of Crony Capitalism: Use Regulation To Destroy Competitors Zero Hedge | Crony capitalism uses its wealth to impose government regulations designed to hinder, cripple and destroy small business competitors., George Osborne: UK has run out of money London Telegraph | The Government ‘has run out of money’ and cannot afford debt-fuelled tax cuts or extra spending, George Osborne has admitted. , Gas Prices Signal Tsunami of Inflation Greg Hunter | Most Western countries are engaging in QE to prop up an insolvent system bloated on bad debt.

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Economists: 2012 is looking up (Washington Post) [ Wow! You really can’t make this stuff up. We now must add economists to the list of those who lack the ability to count! Welcome to what is now ‘Weimar World’, where your worst economic nightmares ultimately come true.

America 1950 vs. America 2012 http://albertpeia.com/downhillslideofamerica.htm , S&P Declares Greece in Default Wall Street Journal [Breaking] , 3 doomsaying experts who foresee economic devasation ahead... By Adam Shell NEW YORK – ‘Behind the mainstream Wall Street happy talk about more stable financial markets and an improving economy are grim warnings of tough times ahead from a small cadre of doomsayers who warn that the worst of the financial crisis is still to come. , Military Keynesianism Can’t Work … Because WWII Was Different from Current Wars Washington’s Blog | “Military Keynesians” – people who think that war is good for the economy – base their theory on the mistaken idea that World War 2 pulled us out of the Great Depression. , David Rosenberg: "It's A Gas, Gas, Gas!" Durden 2-27-12 "It Is completely ironic that we would be experiencing one of the most powerful cyclical upswings in the stock market since the recession ended at a time when we are clearly coming off the poorest quarter for earnings... , Mountain Of Worry Shifts From Olympus To Zagros Durden 2-27-12 , It's Official: S&P Cuts Greece To (Selective) Default From CC Durden 2-27-12 From S&P: "We lowered our sovereign credit ratings on Greece to 'SD' following the Greek government's retroactive insertion of collective action clauses (CACs) in the documentation of certain series of its sovereign debt on Feb. 23, 2012....We do not generally view CACs (to the extent that they are included in an original issuance) as changing a government's incentive to pay its obligations in full and on time. However, we believe that the retroactive insertion of CACs will diminish bondholders' bargaining power in an upcoming debt exchange , Brodsky On Buffet On Gold Durden 2-27-12 We have repeatedly voiced our views on Buffett's relentless bashing of the only asset that is a guaranteed protection against now exponential currency debasement and central planner, and other PhD economist, stupidity, most recently here. We are happy that other, more politically correct asset managers, have decided to share how they fell, and take the crony capitalist to task. The first (of many we are sure), are Lee Quaintance and Paul Brodsky of QBAMCO who have just penned "Golden Boy" or the much needed "high society" response to the old man from Omaha… We strongly disagree with Mr. Buffett’s views and we thought it would be best to explore his comments and provide our counter-arguments." , Name The Bubble Durden 2-27-12 As the title suggests, please name the latest bubble , Here Is Why Someone Will Be Disappointed By The LTRO Durden 2-27-12 Gaming out the impact of this week's LTRO2 demand on global risk assets is complicated by the ability of banks to mobilize collateral (how much can they pledge to the ECB and how much of that will be 'optimal' given the implicit subordination of senior unsecured debt holders), the use of those funds (carry trade economics are considerably lower and refinancing needs remain high), and the market's expectations (just how much more back-door QE is priced into European - and for that matter - US asset prices). , Merkel: "No Guarantee Second Greek Bailout Will Work" Durden 2-27-12 , Art Cashin On The World Running Out Of Ideas To Bail Out Itself Durden 2-27-12 , Guest Post: The Trajectory Of Tragedy Durden 2-27-12 With an economy of just $3.2Tn versus the United States $14.3Tn Germany is trying to prop up a Eurozone that is more than one trillion dollars bigger than America. They just do not have the resources for the task they are undertaking and I predict serious consequences, eventually, from their efforts. Germany is “best of class” and will be the last to go but they cannot evade the European recession in the end and I think it is only a matter of time and unfortunate decisions before the austerity demands made on so many will wind their way back home to those who made the demands. They used a timeline that was much too short for the job at hand and payment will eventually be forced upon them. They obviously get the joke where Eurobonds and other ploys of this nature average the economies of Europe and the standards of living over some period of time so that Germany, in the end, will suffer most as they have the furthest to fall. They have approached the G-20, China, the emerging market countries and all polite responses to the side; the results have been about zip. The Germans are running out of both time and money and Franz is squirming in the beer hall. , The (European) Placebo Effect Durden 2-27-12 , Guest Post: Extend And Pretend Coming To An End Durden 2-26-12 … The Federal government, Federal Reserve, Wall Street banks, regulatory agencies and commercial real estate debtors have colluded since 2008 to pretend cash flow doesn’t matter. Their plan has been to “extend and pretend”, praying for an economic recovery that would save them from their greedy and foolish risk taking during the 2003 – 2007 Caligula-like debauchery. DEBT DEFAULT MEANS HUGE LOSSES FOR THE WALL STREET CRIMINAL BANKS. Of course the banksters will just demand another taxpayer bailout from the puppet politicians. This repeat scenario gives new meaning to the term shop until you drop. Extending and pretending can work for awhile as accounting obfuscation, rolling over bad debts, and praying for a revival of the glory days can put off the day of reckoning for a couple years. Ultimately it comes down to cash flow, whether you’re a household, retailer, developer, bank or government. America is running on empty and extending and pretending is coming to an end. , The Key Players Are Showing Their Hands… Will Germany Go “All In”? February 27, 2012 By gpc1981 http://gainspainscapital.com ‘As I’ve stated time and again, Germany is the only EU member that has the money to get Greece through this next round of debt payments (14.4 billion Euros coming due March 20). But Merkel isn’t going to give the money without Greece submitting to German fiscal demands.However, there is no way Greece will submit to German fiscal authority. Heck the Greeks are even going so far as to bring up German war reparations from WWII!Greek MP’s raise the issue of German war reparations. The Athens News reported that the MP’s have stressed that Germany owes Greece a debt of 54 billion euros before interest (70 billion with interest). They are calling for the issue to be raised as a national issue as Greece was the only country to which Germany failed to pay war reparations. , Dave’s Daily: http://www.etfdigest.com SPRINT TO DOW 13K FALLS SHORT 2-27-12 ‘Stocks started the day on the wrong foot as more worries from the eurozone surfaced. On Monday the G-20 didn’t provide any additional fire power for IMF lending to increase a firewall. Most authorities just said it wasn’t a need at this time. But after, Pending Home Sales rose 2% from 95.1 (revised lower) to 97.0. Stocks then rallied reversing the lower gap open. Evidently algos paid no attention to the revision lower of previous data preferring to trade the better headline instead. , German Minister Calls for Greek Euro Exit Feb 27th, 2012 , Why China will have an economic crisis — Time , Gasoline Prices Are Not Rising, the Dollar Is Falling Louis Woodhill | Eventually, all prices equilibrate with gold. , The Perfection Of Crony Capitalism: Use Regulation To Destroy Competitors Zero Hedge | Crony capitalism uses its wealth to impose government regulations designed to hinder, cripple and destroy small business competitors., George Osborne: UK has run out of money London Telegraph | The Government ‘has run out of money’ and cannot afford debt-fuelled tax cuts or extra spending, George Osborne has admitted. , Gas Prices Signal Tsunami of Inflation Greg Hunter | Most Western countries are engaging in QE to prop up an insolvent system bloated on bad debt.

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Dow makes another run at 13,000 Housing news helps stock market erase early losses, but Dow Jones finishes shy of 13,000 again. Pending home sales rose in January (Washington Post) [ Yeah, big rise because the prior report was revised down; you know, that ‘data ponzi thing’ that’s not real but welcome anyway like those ‘big interest/dividend/returns’ that ponzi schemes are famed for before detection and collapse. Take any up moves as opportunities to sell / take profits because much worse is on the way. Dave’s Daily: http://www.etfdigest.com SPRINT TO DOW 13K FALLS SHORT 2-27-12 ‘Stocks started the day on the wrong foot as more worries from the eurozone surfaced. On Monday the G-20 didn’t provide any additional fire power for IMF lending to increase a firewall. Most authorities just said it wasn’t a need at this time. But after, Pending Home Sales rose 2% from 95.1 (revised lower) to 97.0. Stocks then rallied reversing the lower gap open. Evidently algos paid no attention to the revision lower of previous data preferring to trade the better headline instead…’

`3 doomsaying experts who foresee economic devasation ahead...` By Adam Shell NEW YORK – ‘Behind the mainstream Wall Street happy talk about more stable financial markets and an improving economy are grim warnings of tough times ahead from a small cadre of doomsayers who warn that the worst of the financial crisis is still to come.

Harry Dent, author of the new book The Great Crash Ahead, says another stock market crash is coming due to a bad ending to the global debt bubble. He has pulled back on his earlier prediction of a crash in 2012, as central banks around the world have been flooding markets with money, giving stocks an artificial short-term boost. But a crash is coming in 2013 or 2014, he warns. "This will be a repeat of 2008-09, only bigger, when it finally hits," Dent told USA TODAY.

Gerald Celente, a trend forecaster at the Trends Research Institute, says Americans should brace themselves for an "economic 9/11" due to policymakers' inability to solve the world's financial and economic woes. The coming meltdown, he predicts, will lead to growing social unrest and anti-government sentiment, a U.S. dollar with far less purchasing power and more people out of work.

Celente won't rule out another financial panic that could spark enough fear to cause a run on the nation's banks by depositors. That risk could cause the government to invoke "economic martial law" and call a "bank holiday" and close banks as it did during the Great Depression.

"We see some kind of threat of that magnitude," Celente, publisher of The Trends Journal newsletter, warned in an interview.

Robert Prechter, author of Conquer the Crash, first published in 2002 and updated in 2009, is still bearish. He says today's economy has similarities to the Great Depression and warns that 1930s-style deflation is still poised to cause financial havoc. Prechter predicts that the major U.S. stock indexes, such as the Dow Jones industrials and Standard & Poor's 500, will plunge below their bear market lows hit in March 2009 during the last financial crisis. The brief recovery will fail as it did in the 1930s, he says.

2 very different viewpoints

If he's right, stocks would lose more than half of their value. "The economic recovery has been weak, so the next downturn should generate bad news in a big way," Prechter said in an e-mail interview. "For the third time in a dozen years, the stock market is in a very bearish position."

These dire forecasts differ sharply with the brighter outlooks being espoused by the bulls, or optimists, on Wall Street. Recent stock performance and fresh readings on the economy also suggest a future that is less gloomy than the doomsayers predict.

The Dow, for instance, is in rebound mode and has climbed back to levels not seen since the early days of the financial crisis in May 2008. Tech stocks in the Nasdaq composite are trading at levels last seen in 2000. Data on auto sales, manufacturing and consumer confidence have been firming. Job creation is also on the rise. The unemployment rate dipped to 8.3% in January, its lowest level in three years.

As a result, stock market strategists such as Rod Smyth of RiverFront Investment have been raising their outlooks for 2012. Smyth raised his target range for the S&P 500 to 1250-1500. If the market hits the top of the range, stocks would have risen 10%. Similarly, Brian Belski, strategist at Oppenheimer, recently said he remains comfortable with his year-end 2012 target of 1400. That's up 2.5% from here. Bespoke Investment Group published research that shows the market, which is closing in on a new bull market high, has done well in the past once it breaks through old highs.

Name: Harry Dent, Author of 'The Great Crash Ahead'

Bulls are betting that Europe's banking system will be stabilized, minimizing the risk of a severe credit crisis. Bulls are also encouraged by recent data from around the world that show modest growth and a pickup in economic momentum.

The causes of economic calamity

So what has the super-bears so worried?

Dent says the combination of aging Baby Boomers exiting their big spending years and a shift toward debt reduction and austerity around the world will cause the economy to suffer another severe leg down, making it more difficult for the government and Federal Reserve to avert a new meltdown. He has not always been bearish. In 1993 he wrote The Great Boom Ahead.

Name: Robert Prechter, author of 'Conquer the Crash'

Celente, who as far back as 2008 has been warning of economic calamity, argues that the ballooning debt and the growing divide between the haves and have-nots has put the U.S. in a weakened state.

As a result, he says, the nation is more vulnerable to potential shocks. He worries about potential chaos caused by people all trying to yank their money out of financial markets at the same time. He also sees risk in the event there is a loss of confidence in elected leaders.

Societal unrest in the form of street protests and increased crime are possible, too, he adds. Markets could also be spooked by an oil price shock due to a military conflict between Israel and Iran, or a bad outcome to Europe's debt crisis.

Name: Gerald Celente, trend forecaster at The Trends Research Institute

"2012 is when many of the long-simmering socioeconomic and political trends that we have been forecasting and tracking will climax," Celente noted in his Top 12 Trends 2012 newsletter. In an interview he added: "When money stops flowing to the man on the street, blood starts flowing in the street."

While bulls are urging investors to get back into stocks, the doomsayers are advising a far different strategy. Dent's investment advice is simple: "Get out of the way." He recommends buying short-term U.S. Treasury bills and the U.S. dollar, which will benefit from safe-haven cash flows. He says stocks will fall sharply in value.

Celente's advice centers on survival. He says buy gold so you don't lose purchasing power when the value of the dollar plummets. He says buy a gun to protect your family against desperate people in search of food and money. He says plan a getaway to places with more stable finances and governments…’

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Improved economy equals political fallout? Some GOP governors struggle to overcome the political damage caused by their efforts to repair their budgets now that fiscal crises are easing. (Washington Post) [ Improved? You sure? Inflated obfuscation for the election year here, to be sure, and in the eurozone a very costly, misguided purchase of time to forestall the inevitable reckoning globally to come owing to unprecedented insurmountable debt levels and fiat paper currency printing.

10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm

55 Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm

$200 Oil Coming As Central Banks Go CTRL+P Happy Durden 2-24-12 We have been saying it for weeks, and today even the WSJ jumped on the bandwagon: the sole reason why crude prices are surging (RIP European profit margins: with EUR Brent at a record, we can only assume the ECB will pull a 2011 and hike rates in 3-4 months even as it pumps trillions in PIIGS, banks bailout liquidity) - is because global liquidity has risen by $2 trillion in a few short months, on the most epic shadow liquidity tsunami launched in history in lieu of QE3 (discussed extensively here in our words, but here are JPM's). Luckily, the market is finally waking up to this, and just as world central banks were preparing to offset deflation, they will instead have to deal with spiking inflation, because the market may have a short memory, it can remember what happened just about this time in 2011. And the problem is that when it comes to the inflation trade, the market, unlike in most other instances, can be fast - blazing fast, at anticipating what the central planning collective's next step will be, after all there is only one. And if Bank of America is correct, that next step could well lead to the same unprecedented economic catastrophe that we saw back in 2008, only worse: $200 oil. Note - this is completely independent of what happens in Iran, and is 100% dependent on what happens in the 3rd subbasement of the Marriner Eccles building. Throw in an Iran war and all bets are off. Needless to say, an epic deflationary shock will need to follow immediately, just as in 2008, which means that, in keeping with the tradition of being 6-9 months ahead of the market, our question today is - which bank will be 2012's sacrificial Lehman to set off the latest and greatest deflationary collapse and send crude plunging to $30 just after it hits $200.

$10 Trillion In 2 years - 'Over' Abundant Liquidity And Expectations Durden 2-24-12 A funny thing happened while we all waited for the Fed to announce QE3. The rest of the world did it for them. Courtesy of Bloomberg's excellent Economics Brief, and the n'th time, here is what a multi-trillion dollar liquidity expansion looks like even with the Fed running silent. And this is also what $10 trillion in 2 years pumped into the markets looks like. Wonder where the market gets its "spring step" from? Now you know. Thank you Economist PhD's!

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

An indicator of political fortunes The performance of the stock market plays a key role in shaping voters’ assessment of the economy.

5 blunders of a billionaire: Sometimes even Warren Buffett gets it wrong (Washington Post) [ This, despite the fact that their fortunes are at the expense of and are the voters’ misfortunes. Ah, yes … ignorance is truly bliss. Today's Events: Consumer Confidence in Manipulated Markets, New Home Sales, Fed Speeches Durden 2-24-12 Bunch of irrelevant and reflexive (stock market is up so confidence - in what? manipulated markets? - is higher, so stock market is up so confidence is higher etc) stuff today, as the world central banks prepare to pump another $600-$1000 billion into the consolidated balance sheet and send input costs into the stratosphere. Somehow this is bullish for stocks… ,

The Unbearable Lightness Of The Stock Rally Durden on 02/23/2012 Having spent much of the day attempting to explain the difference between nominal and real wealth creation and that asset price movements are different to the economy, we turn back to Michael Cembalest of JP Morgan to set the story straight on one of the most frequently cited reasons for the rally: "It's the economy, stupid". It is hard to disagree that there are positive signs, but as the JPM CIO opines, let's be realistic: US growth is projected to be ~2.5% for 2012. Some argue that profits are the driver, and they are doing well, but their apparent strength is masked by a sad truth that gets little exposure. Looking at where those profits come from shows that if labor compensation grew at trends comparable to prior recoveries, a big chunk of current-cycle profits would disappear (quicker than a rehypothecated 2Y BTP under Corzine's watch). Cembalest summarizes that while this doesn't mean these profits are entirely illusory; it does mean that they come with related costs: such as weak household income and bloated government budget deficits - which have a cost as well (don't they?).

The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm ] For those who think this money-printing out of thin air is without cost, you’re in for a worse than rude awakening. The global markets have become a joke! This is a ‘full press’ as in ‘fiat paper printing presses in overdrive’ debased Weimar dollars / currencies that will end quite badly so take this opportunity to take profits while you can. The manipulated, contrived, and fake data has all been unaffordably ‘electioneared’ for ‘electionyeared’ spin and propaganda. Don’t be their fool! The full moon previously helped keep the contraindicated lunatics’ huge suckers’ rally going with across the board media et als complicity (infra). But not quite … reality (will) catch(es) up … you know the drill … typical suckers’ surge into the close off lows, etc.. This will all end quite badly and is much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles. { http://albertpeia.com/todaysbusinesssummarylinks.htm - today’s business summary links only, by day – scroll down as well for today’s links and for more complete context – Encouraged and recommended! } This global suckers’ rally is based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare (which is being injected sub rosa, see infra), bad news, fraud, bs, and desperation alone, as suckers’ rallies ushered in the new year in a most preposterous fashion [Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’ for the superstitious so-called ‘January effect’ based on based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, bs, and desperation alone to suck suckers in and keep suckers sucked in! Don’t be their fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s using the up moves to reduce risk assets / stocks / exposure, in other words, he’s selling the rallies which is sound advice. The fundamentals/realities, current and prospective, are worse than ever. There are no systems/formulas for these unprecedentedly dire times. Don’t be their sucker! This is an especially great opportunity to sell / take profits because there’s much, much worse to come! Here’s a simple chart of the Dow’s history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als.] with lingering intoxication an explanation as the printing presses and issuance of worthless insurmountable debt paper are in full throttle globally (a testament to global blindness as the blind follow the blind) making this impending disaster at this time an especially great opportunity to sell / take profits because there’s much, much worse to come! jersey-lautenberg based adp with 100% better than expectations private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce department data? Labor dept. ue claims / ue numbers? Only a fool believes what they say! ( After One Month Respite, Pink Slips Are Flying Again Durden , Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Durden on 01/06/2012 .. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg , ) The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , ‘…technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57…’ , The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm Why earnings will continue to decline MarketWatch , 10 Things That Every American Should Know About The Federal Reserve Eco.Coll.Blog http://albertpeia.com/10thingsmustknowaboutfedreserve.htm #1 The Federal Reserve System Is A Privately Owned Banking Cartel #2 The Federal Reserve System Is A Perpetual Debt Machine #3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar #4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability #5 The Federal Reserve Is Paying Banks Not To Lend Money #6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging #7 The Federal Reserve System Is Dominated By The Big Wall Street Banks #8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913 #9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence #10 The Federal Reserve Has Become Way Too Powerful , A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm Any financial system that is based on debt is doomed to fail. Today, we are living in the greatest debt bubble that the world has ever seen … , Despite Two Thirds Of Components Declining, Empire Fed Prints At Highest Since June 2010 ZeroHedge | Chalk this one to “seasonal adjustments” or something, cause we no longer have any clue what is going on with the data fudging in America. , 20 Signs You Might Be A Typical American Worker http://albertpeia.com/20signsoftypicalamericanworker.htm , 10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm , 8 Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default http://albertpeia.com/8reasonsgreekdebtdefaultstillcoming.htm , 55 Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm ‘How is the U.S. economy doing in 2012? Unfortunately, it is not doing nearly as well as the mainstream media would have you believe. Yes, things have stabilized for the moment but this bubble of false hope will not last for long. The long-term trends that are ripping our economy and our financial system to shreds continue unabated. When you step back and look at the broader picture, it is hard to deny that we are in really bad shape and that things are rapidly getting worse. Later on in this article you will find a list of interesting facts that show the true state of the U.S. economy… , http://albertpeia.com/debtpercapita.jpg , Double-dip recession setting in across eurozone: EU Thomson | AFP , Just What Is the REAL Exposure to Greece? Pt 1 http://gainspainscapital.com February 23rd, 2012 ‘…(the Bailout accomplishes nothing of import and only puts off the coming Greek default by a short period). Instead, I think it much more important to ascertain the true exposure to Greek sovereign debt…’ $200 Oil Coming As Central Banks Go CTRL+P Happy Durden 2-24-12 We have been saying it for weeks, and today even the WSJ jumped on the bandwagon: the sole reason why crude prices are surging (RIP European profit margins: with EUR Brent at a record, we can only assume the ECB will pull a 2011 and hike rates in 3-4 months even as it pumps trillions in PIIGS, banks bailout liquidity) - is because global liquidity has risen by $2 trillion in a few short months, on the most epic shadow liquidity tsunami launched in history in lieu of QE3 (discussed extensively here in our words, but here are JPM's). Luckily, the market is finally waking up to this, and just as world central banks were preparing to offset deflation, they will instead have to deal with spiking inflation, because the market may have a short memory, it can remember what happened just about this time in 2011. And the problem is that when it comes to the inflation trade, the market, unlike in most other instances, can be fast - blazing fast, at anticipating what the central planning collective's next step will be, after all there is only one. And if Bank of America is correct, that next step could well lead to the same unprecedented economic catastrophe that we saw back in 2008, only worse: $200 oil. Note - this is completely independent of what happens in Iran, and is 100% dependent on what happens in the 3rd subbasement of the Marriner Eccles building. Throw in an Iran war and all bets are off. Needless to say, an epic deflationary shock will need to follow immediately, just as in 2008, which means that, in keeping with the tradition of being 6-9 months ahead of the market, our question today is - which bank will be 2012's sacrificial Lehman to set off the latest and greatest deflationary collapse and send crude plunging to $30 just after it hits $200. , $10 Trillion In 2 years - 'Over' Abundant Liquidity And Expectations Durden 2-24-12 , Today's Events: Consumer Confidence in Manipulated Markets, New Home Sales, Fed Speeches Durden 2-24-12 Bunch of irrelevant and reflexive (stock market is up so confidence - in what? manipulated markets? - is higher, so stock market is up so confidence is higher etc) stuff today, as the world central banks prepare to pump another $600-$1000 billion into the consolidated balance sheet and send input costs into the stratosphere. , 'Gold Bullion or Cash' Shows Buffett, Roubini, Krugman Mistaken; Faber, Rogers, Bass, Einhorn, Gross Correct Durden 2-24-12 Currency debasement of all major currencies is happening today on a scale never before seen in history. Yet there continues to be a complete lack of awareness amongst the majority in the western world as to the risks posed by our currency monetary and financial system. , SSDD - Same S...&P, Different DayDurden 2-24-12 The last six months' market behavior is somewhat breath-takingly similar to the same period a year ago. With global central banks pumping (RoW replacing Fed for now), energy prices soaring… , Frontrunning: February 24 Durden 2-24-12 #1 U.S. Postal Service to Cut 35,000 Jobs as Plants Are Shut (BBG) -Expect one whopper of a seasonal adjustment to compensate #2 European Banks May Tap ECB for $629 Billion Cash (Bloomberg) - EURUSD surging as all ECB easing now priced in; Fed is next #3 Madrid presses EU to ease deficit targets (FT) #4 Greek Parliament Approves Debt Write-Down (WSJ) #5 Mentor of Central Bankers Fischer Rues Complacency as Economy Accelerates (Bloomberg) #6 Draghi Takes Tough Line on Austerity (WSJ) #7 European Banks Hit by Losses (WSJ) #8 Moody's: won't take ratings action on Japan on Friday (Reuters) #9 Athens told to change spending and taxes (FT) , Europe's Cash-For-Trash LTRO-'Scam' And The Indentured Servitude Of The Citizenry Durden on 02/23/2012 In a must-watch follow-up to his original Punk Economics Lesson, David McWilliams describes how the new bankocracy in Europe will lead to a massive injection of liquidity; blowing bubbles in financial assets while the citizenry is bled dry (ring any recent bells?). The banks again get all the money they need while the average citizen shoulders the burden. , Guest Post: The Greek Tragedy And Great Depression Lessons Not Learned Durden on 02/23/2012 Greece has been the most pillaged country in Europe this Depression, among other reasons, because no one in any leadership position seems to have learned lessons from the 1930s , Greece (and the PIIGS) Are a MAJOR Problem… Even for the Strongest German Banks http://gainspainscapital.com February 24, 2012 By gpc1981 , Crude's Rally Shows $4 Gas On The Way The Wall Street Journal [ Actually higher … oh, riiiiight … the that’s bullish … Not! … Not even for the oils beyond the short-term! ] , TheStreet Harry S. Dent, author of The Great Crash Ahead, says investors should expect a stock selloff followed by further Fed action.02/24/12 03:30 - Gregg Greenberg In The Great Crash Ahead, Dent forecasts that this economic collapse will become worldwide over the next few years. http://opinion.financialpost.com/2011/09/16/the-great-crash-ahead-harry-dent-now-predicts-dow-will-fall-to-as-low-as-3000 On the heels of his The Great Depression Ahead, Harry Dent, Jr. has just published The Great Crash Ahead. , Get Ready for the Retracement: Analyst , Feeling That European Springtime Swoon Coming On Again Forbes 2/24/2012 Sy Harding , Chart: ‘America’s Per Capita Government Debt Worse Than Greece’ Feb 23rd, (The Weekly Standard) — The office of Senator Jeff Sessions, ranking member on the Senate Budget Committee, sends along this chart, showing that ‘America’s Per Capita Government Debt Worse Than Greece,’ as well as Ireland, Italy, France, Portugal, and Spain: http://albertpeia.com/debtpercapita.jpg , Gasoline Prices Are Not Rising, the Dollar Is Falling Louis Woodhill | Eventually, all prices equilibrate with gold. , In Europe and America … No Retirement! Just Sufferin’ Daily Bell | This is historic stuff. The end of Dreamtime, folks. , Debt Doomsday May Come Sooner Than Expected Politico | The federal government could hit the debt ceiling sooner than expected — and possibly around the November election — according to a report out Friday.

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Greece kicks off its refinancing Offer of a 53.5 percent loss on the face value of privately held bonds is necessary for the country to receive planned new international loans. (Washington Post) [ Some very smart people are looking very closely at this debacle and are concluding that Greece is getting greeked in unprecedented fashion. Europe's Cash-For-Trash LTRO-'Scam' And The Indentured Servitude Of The Citizenry Durden on 02/23/2012 In a must-watch follow-up to his original Punk Economics Lesson, David McWilliams describes how the new bankocracy in Europe will lead to a massive injection of liquidity; blowing bubbles in financial assets while the citizenry is bled dry (ring any recent bells?). The banks again get all the money they need while the average citizen shoulders the burden. Specifically in the case of the Greeks, they are left with the uncertainty of a return to the Drachma or the certainty of decades of indentured servitude. Enter the ECB with their cash-for-trash deal. This is a scam, he proclaims correctly, insolvent banks lending to insolvent governments and we are calling it success? The banks can turn a tidy profit, but the straight-talking Irishmen asks the question every Greek citizen should be asking: "where does the profit come from?" The answer: the average tax-paying European citizen, and it is this that provides the comfort for the Germans to allow the Greeks to default without bringing down every bank in Europe in a contagious cascade of margin calls, un-hypothecation and deleveraging. Critically, the question is not if or when Greece will default but will they be allowed to default enough? The lesson for all is that to stay in the Euro, all European nations have to become more like Germany - which is very different from the community of equal nations that the Europeans signed up for 20 years ago at Maastricht. Don't be fooled that the European debt story is over, it is not. In fact, he finishes - rather ominously, the interesting bit hasn't even started yet.

Greek plan could mean exile The country has slowly become a ward of the international system, and it may be years before private investors trust it again. (Washington Post) [ Beyond the spin, the scenario is far worse than and far from what it seems and zerohedge.com weighs in with their always astute analysis beyond the mainstream headlines/soundbites. http://albertpeia.com/todaysbusinesssummarylinks.htm

Scandal: Greece To Receive "Negative" Cash From "Second Bailout" As It Funds Insolvent European Banks Durden 2-22-12 Earlier today, we learned the first stunner of the Greek "bailout package", which courtesy of some convoluted transmission mechanisms would result in some, potentially quite many, Greek workers actually paying to retain their jobs: i.e., negative salaries. Now, having looked at the Eurogroup's statement on the Greek bailout, we find another very creative use of "negative" numbers. And by creative we mean absolutely shocking and scandalous. First, as a reminder, even before the current bailout mechanism was in place, Greece barely saw 20% of any actual funding, with the bulk of the money going to European and Greek banks (of which the former ultimately also ended up funding the ECB and thus European banks). Furthermore, we already know that as part of the latest set of conditions of the second Greek bailout, an 'Escrow Account" would be established: this is simply a means for Greek creditors to have a senior claims over any "bailout" cash that is actually disbursed for things such as, you know, a Greek bailout, where the money actually trickles down where it is most needed - the Greek citizens. Here is where it just got surreal. It turns out that not only will Greece not see a single penny from the Second Greek bailout, whose entire Use of Proceeds will be limited to funding debt interest and maturity payments, but the country will actually have to fund said escrow! You read that right: the Greek bailout #2 is nothing but a Greek-funded bailout of Europe's insolvent banks... and the Greek constitution is about to be changed to reflect this!

A Breather And Some Time To Sort Through Some Greek Details Durden 2-22-12 After months (it seems like years) of trying to avoid a CDS Credit Event, it looks like one is inevitable. The Greek 5 year CDS is at least 70 bid which may be the highest ever. The game plan seems to be that Greece will put in retroactive CAC laws. The PSI will come in below 100%. Greece will trigger the CAC clauses on the Greek bonds, and we will get 100% participation in all those bonds, and we will get a Credit Event. The interesting part is that depending on what they manage to do with English law bonds, the only bonds outstanding (not in the hands of the central bank only bonds, and troika loans) will be the new bonds. If they start CAC’ing each bond, it is possible that there will be no existing bonds outstanding left. Settlement would be based on the new bond (yes, ISDA has a Sovereign Restructured Deliverable Obligation clause – Section 2.16 of the definitions). With the amortization schedule in place (and not including any value attributable to the GDP strippable warrants), I get that the new bonds would trade at 30% of par with a yield of just over 13%. I would be careful paying up for CDS here, because settlement will be against these new bonds, not existing bonds if every old bond is CAC’d. And given the attitude out of Greece late yesterday, and harsh IMF demands, we may well see that.

Europe's Nash Equilibrium - A Tightly Stretched Rubber Band? Durden 2-22-12 In the ongoing 'game of chicken' in Europe (playing out between the core and the periphery as the main two players) it appears we are once again at a point of inflection in the Nash Equilibrium that exists only in the minds of the Eurogroup leaders. As Credit Suisse notes, the continued existence of the Euro will hugely depend on the incentive structure of its members to defend it (and implicitly this means costs and retaliations - downsides - must be appreciated and allocated). These incentives evolve through time (and interventions can have unintended consequences) and brinksmanship and threats (Greece's referendum comments for instance) can improve outcomes in the short-term. Most importantly, it seems the market is among the best mediators to 'fix' each player's action and outcome but each intervention reduces that effect, 'time becomes money' as costs are increasing through procrastination. This leaves the asymmetric interests of the players (remember how exposed the core is to the periphery?) likely to increase break-up risks with Credit Suisse seeing the logical and intended consequence 'an increase in stress' - with either a 'catastrophic' break-up (or member exit) or a long, painful and volatile continuation of the crisis that can only be slowly improved by some type of inter-European enforceable contract. The more intervention, the lower the immediate impact of inaction and the higher the pent-up volatility in the system before threats are taken seriously (or consequences admitted).

Guest Post: Dangerous Ideas Durden 2-22-12 There is a very clear relationship between economic growth and sufficient quantities of high quality energy. A crude measure of energy quality is its price. The lower the price for a unit of energy, the higher its quality (or net energy), but this is a very crude measure that can and often is heavily distorted by subsidies, market pressures, and other factors. As we squint at the world price for oil and note that Brent today is trading at $120 per barrel, it is clear that this high price is signaling that energy is now more expensive than it used to be. By adopting the belief that Peak Oil has been debunked, one runs the risk of missing the larger story that our current economic model is unsustainable. And that stocks and bonds and other traditional investments that derive a large portion of their current value from expectations of future growth simply may not perform anything like they have in the past. And worse, that recent and continuing efforts to revive the old economy by printing money risk the destruction of the money system itself. Given this all-too-human tendency to attempt to preserve the status quo, in this case by printing money, I must reiterate my advice to be sure that gold forms a significant portion of your core portfolio.

Complete Latest Hedge Fund Holdings Analysis Durden 2-22-12 -The fine folks at Street of Walls have been kind enough to provide us with their latest 13F breakdown which looks at the position changes across America's 30 largest and most important hedge funds. While we have already focused on some of the more entertaining ones, and tracked the recent rush back into gold, those curious about what the latest hedge fund hotel stocks are (aside from Apple of course) are encouraged to peruse the following exhaustive report.

NAR Continues Tradition Of Making Mockery Of Itself, Revises December Home Sales From +5% to -0.5% Durden 2-22-12 And here is yet another reason why we will permanently ignore the pathologically lying real estate syndicate known as the NAR (link): December data was just revised from +5% to -0.5% (from 4.61 million to 4.38 million). Since December market expectations were for a +5.2% print, imagine the sheer horror the algos would have been faced with had the real number been reported on time. Needless to say, if this number had been unrevised, the January +4.3% increase would have been a decline. This way the aglos focused only on the immediate moment get two months of beats in a row. Huzzah. Anyone who trades anything based on this borderline criminal self-reporting enterprise needs to have their head checked. In other news, when will the LIBOR investigation finally target the NAR?

Why The Core Needs To Save The Periphery Durden 2-22-12 We have discussed, at length, the symbiotic (or perhaps parasitic) relationship between the banking system in Europe and the governments (read Central Banks). The LTRO has done nothing but bring them into a closer and more mutually-reinforcing chaotic relationship as we suspect many of the Italian and Spanish banks have gone all-in on the ultimate event risk trade in their government's debt. It should come as no surprise to anyone that the bulk of the Greek bailout money will flow directly to the European banking system and Credit Suisse has recently updated the bank exposure (by country) to peripheral sovereign debt that shows just how massively dependent each peripheral nation's banking system is on its own government for capital and more importantly, how the core (France and Germany) remains massively exposed (in terms of Tier 1 Capital) to the PIIGS. Retroactive (negative) salary cuts may well not be the worst of what is to come as the bankers deleveraging returns to bite them in a phoenix-like resurrection of sovereign risk on now even-more sovereign-bloated (and levered) balance sheets.

It's Official - Greece Unveils The Negative Salary, And A Whole New Meaning For "Pay To Play" Durden 2-22-12 We thought we had seen it all. It turns out we hadn't. The country that gave the world the alphabet, philosophy, and plates with funny sexually ambiguous drawings on them, has outdone itself again. Because beginning this month some Greeks will have to pay for the privilege of having a job.

No, This Is Not Mount Olympus... Durden 2-22-12 ...This is a chart of the Greek bank stock index, which has gone from an all out demented euphoria to suicidal depression in 5 days, as the rumor that Greece is "saved" has been replaced with the reality that Greece is still "completely broke" - if you bought on Monday like most momos, on the expectation that the torrid surge higher would continue, you have now lost 24%. We are awaiting the latest January deposit data from the Greek banking system eagerly, as something tells us Greek citizens, who are already congregating at Syntagma square for today's daily riot, did not follow Venizelos' advice to either "WORK, WORK, WORK" or for that matter "DEPOSIT, DEPOSIT, DEPOSIT."

Greek 1 Year Hits 763% Durden 2-22-12 If it seems like it was only 5 days ago that Greek bonds could be had for the blockbuster yield of 638%, it is because it was As of today, the same bond was yielding an even more ridiculous 763% (and remember when the MSM fluffers were telling you to buy these at the bargain basement yield of 100% in September 2011?). This price has nothing to do with the Fitch action on the country which is irrelevant, and all to do with the fact that, as noted previously, the cash coupon on the post-reorg bonds was cut once again, this time from 3.6% to just 2%, and the current price on non UK-law bonds is merely indicative of the cash on cash return investors in these bonds expect to make. It also means that the market expects a redefault in just about 1 year. And yes, we realize that at bond prices in the high teens, the yield curve is absolutely meaningless but it is still highly entertaining to watch as Greek bond yields are about to hit quadruple digits, which in itself is very indicative of the recoveries one can expect in a global sovereign ponzi, and yet the powers that be tell us this is a perfectly normal phenomenon, i.e., there is no default, and thus there is no reason to hedge for it. Alas, the whole world has gone mad.

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Euro zone headed toward recession In addition to Greece, countries such as Portugal, Ireland and Spain also are struggling to get their economies back on track. (Washington Post) [ Headed? They’re already there (Double-dip recession setting in across eurozone: EU Thomson | AFP), as here, beyond the over-printed fiat paper currency obfuscation ( http://albertpeia.com/dollardebasementanddebtcrisis.htm ) along with ever increasing insurmountable debt levels. http://albertpeia.com/22signsglobalrecessiondepression.htm And note in this chart, the biggest piigs of all http://albertpeia.com/debtpercapita.jpg (the biggest pig’s the pervasively corrupt, defacto bankrupt u.s.). A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm Any financial system that is based on debt is doomed to fail. Today, we are living in the greatest debt bubble that the world has ever seen … , Despite Two Thirds Of Components Declining, Empire Fed Prints At Highest Since June 2010 ZeroHedge | Chalk this one to “seasonal adjustments” or something, cause we no longer have any clue what is going on with the data fudging in America. , 20 Signs You Might Be A Typical American Worker http://albertpeia.com/20signsoftypicalamericanworker.htm , 10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm , 8 Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default http://albertpeia.com/8reasonsgreekdebtdefaultstillcoming.htm , 55 Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm ‘How is the U.S. economy doing in 2012? Unfortunately, it is not doing nearly as well as the mainstream media would have you believe. Yes, things have stabilized for the moment but this bubble of false hope will not last for long. The long-term trends that are ripping our economy and our financial system to shreds continue unabated. When you step back and look at the broader picture, it is hard to deny that we are in really bad shape and that things are rapidly getting worse. Later on in this article you will find a list of interesting facts that show the true state of the U.S. economy…

The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm ] For those who think this money-printing out of thin air is without cost, you’re in for a worse than rude awakening. The global markets have become a joke! This is a ‘full press’ as in ‘fiat paper printing presses in overdrive’ debased Weimar dollars / currencies that will end quite badly so take this opportunity to take profits while you can. The manipulated, contrived, and fake data has all been unaffordably ‘electioneared’ for ‘electionyeared’ spin and propaganda. Don’t be their fool! The full moon previously helped keep the contraindicated lunatics’ huge suckers’ rally going with across the board media et als complicity (infra). But not quite … reality (will) catch(es) up … you know the drill … typical suckers’ surge into the close off lows, etc.. This will all end quite badly and is much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles. { http://albertpeia.com/todaysbusinesssummarylinks.htm - today’s business summary links only, by day – scroll down as well for today’s links and for more complete context – Encouraged and recommended! } This global suckers’ rally is based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare (which is being injected sub rosa, see infra), bad news, fraud, bs, and desperation alone, as suckers’ rallies ushered in the new year in a most preposterous fashion [Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’ for the superstitious so-called ‘January effect’ based on based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, bs, and desperation alone to suck suckers in and keep suckers sucked in! Don’t be their fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s using the up moves to reduce risk assets / stocks / exposure, in other words, he’s selling the rallies which is sound advice. The fundamentals/realities, current and prospective, are worse than ever. There are no systems/formulas for these unprecedentedly dire times. Don’t be their sucker! This is an especially great opportunity to sell / take profits because there’s much, much worse to come! Here’s a simple chart of the Dow’s history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als.] with lingering intoxication an explanation as the printing presses and issuance of worthless insurmountable debt paper are in full throttle globally (a testament to global blindness as the blind follow the blind) making this impending disaster at this time an especially great opportunity to sell / take profits because there’s much, much worse to come! jersey-lautenberg based adp with 100% better than expectations private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce department data? Labor dept. ue claims / ue numbers? Only a fool believes what they say! ( After One Month Respite, Pink Slips Are Flying Again Durden , Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Durden on 01/06/2012 .. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg , ) The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , ‘…technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57…’ , The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm Why earnings will continue to decline MarketWatch , 10 Things That Every American Should Know About The Federal Reserve Eco.Coll.Blog http://albertpeia.com/10thingsmustknowaboutfedreserve.htm #1 The Federal Reserve System Is A Privately Owned Banking Cartel #2 The Federal Reserve System Is A Perpetual Debt Machine #3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar #4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability #5 The Federal Reserve Is Paying Banks Not To Lend Money #6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging #7 The Federal Reserve System Is Dominated By The Big Wall Street Banks #8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913 #9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence #10 The Federal Reserve Has Become Way Too Powerful , , Just What Is the REAL Exposure to Greece? Pt 1 http://gainspainscapital.com February 23rd, 2012 ‘…(the Bailout accomplishes nothing of import and only puts off the coming Greek default by a short period). Instead, I think it much more important to ascertain the true exposure to Greek sovereign debt…’ , Belgians Get Cold Feet as Bailout Queen Dexia Drags them toward the Abyss : testosteronepit : 02/23/2012 Belgium's total exposure to its bank bailouts: 41% of GDP , Record Direct Takedown Leads To Huge Demand For 7 Year Bond Auction, Disproves "Rotation From Bonds Into Stocks " Durden 2-23-12 , Are We Running Out Of Greater Fools? Durden 2-23-12 , Not Again - Following Abysmal 2011, Only 10% Of Hedge Funds Are Outperforming The S&P In 2012 Durden 2-23-12 , Greeks Welcome Their New European Overlords... In German Durden 2-23-12 The surreal keeps getting surrealer. One could probably think that after being forced to pay for the privilege of having a job, to fund European bank solvency out of their pocket as part of the Greek "bailout", and finally to hand over their gold, the Greeks would have at least put up a fight. One would be wrong: instead of doing anything else than the occasional store front looting by marauding gangs, what Greeks are doing instead... is lining up for German lessons…, Projected PIIGS Pillage: 3233.5 Tons Of Gold To Be Confiscated By Insolvent European Banks Durden 2-23-12 , Art Cashin On Gasoline Prices And The Economy Durden 2-23-12 It is estimated that a $.10 increase in the price of gasoline results in a decline of about $11.74 billion in personal income. [An average of 12,000 miles driven per year divided by an average fuel economy of 25 mpg, equals 461.54 gallon used per year per automobile. With an estimated 254.4 million registered vehicles, that comes to roughly 117.415 billion gallons used per year.] , Greece’s Lenders Have The Right To Seize National Gold Reserves Durden 2-23-12 “Ms. Katseli, an economist who was labor minister in the government of George Papandreou until she left in a cabinet reshuffle last June, was also upset that Greece’s lenders will have the right to seize the gold reserves in the Bank of Greece under the terms of the new deal.” , Initial Claims Print Unchanged From Last Week's Upward Revised 351K Durden 2-23-12 Snooze of an update from the BLS, which reported that this week's initial claims printed at 351K, slightly better than expected at 355K, but offset by the now perpetual (thus statistically impossible) upward revision in prior week claims, which increased from 348K to 351K, so unchanged week over week. Next week this 351K will be revised to 354K so on top of expectations. That this is driven primarily by ongoing abnormally hot weather (remember the lamentations over last year's cold winter and how it was impacting data adversely - odd how we continue to hear nothing about the opposite phenomenon) is largely ignored. Instead what we will hear is how claims printed at the lowest in 4 years (chart 1). And yet we will hear nothing about how when one adds initial claims to continuing claims to extended benefits, we are just a little bit higher than 4 years ago (chart 2). , Albert Edwards Channels Conan - All Hope Must Be Crushed For A True Bull Market To Emerge Durden 2-23-12 While the bulk of tangential themes in Albert Edwards' latest letter to clients "The Ice Age only ends when the market loses hope: there is still too much hope" is in line with what we have been discussing recently: myopic markets focused on momentum not fundamentals ("It's amazing though how the market can get itself all bulled up and becomes convinced that we are the start of a self-sustaining recovery. And funnily enough there's nothing more likely to get investors bullish than a rising market"), short-termism ("One thing you can say for the market is that it has an extremely short memory"), and that so far 2012 is a carbon copy of 2011 ("One thing you can say for the market is that it has an extremely short memory. Let us not forget that the performance of the equity market so far this year is almost exactly the same as we saw at the start of 2011 (in fact the performance has been similar for the last 5 months"), his prevailing topic is one of hope. Or rather the lack thereof, and how it has to be totally and utterly crushed before there is any hope of a true bull market. And just to make sure there is no confusion, unlike that other flip flopper, Edwards makes it all too clear that he is as bearish as ever. Which only makes sense: regardless of what the market does, which merely shows that inflation, read liquidity, is appearing in the most unexpected of places (read Edwards' colleague Grice must read piece on why CPI is the worst indicator of asset price inflation when everyone goes CTRL+P), the reality is that had it not been for another $2 trillion liquidity injection in the past 4-6 months by global central banks…how the hell can one be bullish when the only exponential chart out there is that of global central bank assets proving beyond a doubt that every risk indicator is fake??? , http://albertpeia.com/dollardebasementanddebtcrisis.htm ‘Despite the latest shift in Congress, top economists warn that the steady erosion in the value of our dollars and the crushing weight of national debt have already moved the U.S. to the verge of financial chaos..."WE'VE NEVER BEEN IN THIS UNSTABLE POSITION IN THE ENTIRE CURRENCY HISTORY OF 3,000 YEARS..." ...came the belated, sobering assessment in The Wall Street Journal on October 1 from Columbia University Prof. Robert Mundell, Ph.D., a mainstream Nobel laureate – widely-regarded as the world's top currency expert. While Dr. Mundell warns that we're teetering at the edge of an unprecedented global debt crisis, other respected monetary experts concur:"WE'RE IN THE TERMINAL STAGES OF THE WORLD'S MOST GIGANTIC PYRAMID SCHEME ," set to vaporize the assets of the average citizen. Heed the clear warning signs here in my Fall 2011 Money Alert and protect what's left of your nest-egg, before the dollar collapses even further, rendering dollar-denominated assets VIRTUALLY WORTHLESS! …’ , Chart: ‘America’s Per Capita Government Debt Worse Than Greece’ Feb 23rd, 2012 12 by News (The Weekly Standard) — The office of Senator Jeff Sessions, ranking member on the Senate Budget Committee, sends along this chart, showing that ‘America’s Per Capita Government Debt Worse Than Greece,’ as well as Ireland, Italy, France, Portugal, and Spain http://albertpeia.com/debtpercapita.jpg

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

Waxman: Slashing the debt and helping the planet (Washington Post) [ Well, he can start with that $160 billion in cash $100 bills flown into Iraq that just disappeared. We all heard a neverending cascade of ‘if onlys’ from waxman until he was in a position to do something about it, then as typical, has done nothing (even when the democrats had both congress and executive branches). Doesn’t waxman resemble some furry woodlands creature; ie., a hedgehog, woodchuck, beaver, etc.. . White House was warned about Solyndra layoffs E-mails show Energy Dept. asked firm in October 2010 to delay news of layoffs until after midterm vote. (Washington Post) [ Those unaffordably costly jobs and those unaffordably costly military industrial complex welfare programs . The ‘so-called improvement’? At what cost for election appearances only? ***? Milbank: Obama’s budget games He avoided anything resembling a serious proposal. (Washington Post) [ I’m totally astounded! I really am! I even checked / refreshed to see if this was a print / display error! Praise the Lord! It’s true! Criticism of his much-loved wobama! Even pinched myself to see if I was dreaming. Who woulda think it? Tough love? I’d say we’ll happily take any criticism of wobama by Mr. Milbank as welcomed and nothing short of a monumental breakthrough, whatever the reason. But indeed Mr. Milbank’s quite right and the context is surely typical wobama election-year b***s***! ‘Service sector cannot and should not lead our economy’ (Washington Post) [ Ramping up the rhetoric; or rather, the b***s***, which is what wobama does best though his actions and inactions since last campaign mode belie his words. First, there isn’t enough real capital in the world to sustain america’s debt burden, and, the over-printed fiat paper weimar dollar currency will be ‘paid for’ by ‘all’. Second, even assuming, arguendo, the absence of the foregoing insurmountable burden / obstacle, there simply is not enough capital in the world to retransition what’s been decades in the making overseas with modern plants and equipment there, now here, much less being profitable to do so. Too little, too late for wobama the b for b***s*** whose actions have consistently belied his words, and who has literally further insurmountably bankrupted the nation with excessively costly and uneconomic window-dressed numbers. For example, taxpayers should get a share of the GM profits since they’re paying for them, ie., { to pad stats - Drudgereport: Obama Economists Admit: 'Stimulus' Cost $278,000 per Job... } and those unaffordably costly cars { to pad sales - Drudgereport (on Government Motors): REPORT: Chevy Volt Costing Taxpayers Up to $250K Per Vehicle... CAVUTO: Volt sales inflated with taxpayer fleet buys... } Is the unemployment rate misleading? WONKBLOG | Some point out that it doesn’t count those who’ve given up looking for work. (Washington Post) [ Duh! Ya think? I don’t even buy their raw numbers; and, even if, arguendo, their raw numbers real, they are election year expedient at best for ‘reporting purposes’ and uneconomic, overcostly, and very, very temporary http://albertpeia.com/governmentfraudulentemploymentstats.htm

Obama Economists Admit: 'Stimulus' Cost $278,000 per Job... , Obama's Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…There will be no significant recovery in the United States of America while Barack Obama is President. The evidence is overwhelming: everything Obama has tried to fuel a recovery (with his Democratic allies in Congress) has failed. Statistics claiming jobs saved by the stimulus package were mostly fiction, and cost American taxpayers about $275,000 each. Nearly 2-1/2 million fewer Americans have jobs than before the stimulus… Obamacare, a program that doesn’t create jobs, but might destroy a lot of them. He “bailed out” GM, but many believe that his interference didn’t save GM; it merely cost taxpayers an extra $15-20 billion, and stole from legitimate investors to buy off the UAW. His broken campaign promises are too numerous to list. At some point, his statute of limitations on blaming Bush runs out…’

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

http://albertpeia.com/22signsglobalrecessiondepression.htm

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

Housing’s next chapter A regulator’s sober plans for Fannie Mae and Freddie Mac. (Washington Post) [ And what might they be, apart from the sober plans, pray tell. Bigger bonuses? Bigger bailouts? New edition ‘monopoly games’ with an abundance of ‘get out of jail free’ cards? Fannie Mae, Freddie Mac spent $100M on former executives’ legal bills (WP) Zombie Housing Market Chronicles - Fed Fails Again To Stimulate A Housing Recovery Durden 2-22-12 While today the association of real estate advertising agents known as the NAR will tell us that the home market is improving - an economic observation which we will completely ignore as any data out of the NAR is now proven to be manipulated and fraudulent, a far better indication of the ongoing implosion in the housing market, and more importantly - the sheer powerlessness of the Fed to do anything about it - came out of the latest weekly Mortgage Brokers Association, which showed that refi applications were down 4.8% W/W, while purchases slid 2.9%, after collapsing 8.4% in the past week. This has taken the Purchase Application index back to the September lows, which just happens to be the lowest print in 16 years. And while this in itself would be ok if not exactly good, it took place at a time when the 30 year mortgage rate was down to all time record lows! In other words, Bernanke's sole prescription to fix the broken housing market diagnosis - low mortgage rates, has now been proven to be a complete disaster, even as Obama does everything in his power to get debt repudiation for deadbeats (at the expense of everyone else of course) and fails. So: what's the next plan? http://albertpeia.com/todaysbusinesssummarylinks.htm

The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm ] For those who think this money-printing out of thin air is without cost, you’re in for a worse than rude awakening. The global markets have become a joke! This is a ‘full press’ as in ‘fiat paper printing presses in overdrive’ debased Weimar dollars / currencies that will end quite badly so take this opportunity to take profits while you can. The manipulated, contrived, and fake data has all been unaffordably ‘electioneared’ for ‘electionyeared’ spin and propaganda. Don’t be their fool! The full moon previously helped keep the contraindicated lunatics’ huge suckers’ rally going with across the board media et als complicity (infra). But not quite … reality (will) catch(es) up … you know the drill … typical suckers’ surge into the close off lows, etc.. This will all end quite badly and is much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles. { http://albertpeia.com/todaysbusinesssummarylinks.htm - today’s business summary links only, by day – scroll down as well for today’s links and for more complete context – Encouraged and recommended! } This global suckers’ rally is based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare (which is being injected sub rosa, see infra), bad news, fraud, b***s***, and desperation alone, as suckers’ rallies ushered in the new year in a most preposterous fashion [Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’ for the superstitious so-called ‘January effect’ based on based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, b***s***, and desperation alone to suck suckers in and keep suckers sucked in! Don’t be their fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s using the up moves to reduce risk assets / stocks / exposure, in other words, he’s selling the rallies which is sound advice. The fundamentals/realities, current and prospective, are worse than ever. There are no systems/formulas for these unprecedentedly dire times. Don’t be their sucker! This is an especially great opportunity to sell / take profits because there’s much, much worse to come! Here’s a simple chart of the Dow’s history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als.] with lingering intoxication an explanation as the printing presses and issuance of worthless insurmountable debt paper are in full throttle globally (a testament to global blindness as the blind follow the blind) making this impending disaster at this time an especially great opportunity to sell / take profits because there’s much, much worse to come! jersey-lautenberg based adp with 100% better than expectations private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce department data? Labor dept. ue claims / ue numbers? Only a fool believes what they say! ( After One Month Respite, Pink Slips Are Flying Again Durden , Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Durden on 01/06/2012 .. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg , ) The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , ‘…technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57…’ , The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm Why earnings will continue to decline MarketWatch , 10 Things That Every American Should Know About The Federal Reserve Eco.Coll.Blog http://albertpeia.com/10thingsmustknowaboutfedreserve.htm #1 The Federal Reserve System Is A Privately Owned Banking Cartel #2 The Federal Reserve System Is A Perpetual Debt Machine #3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar #4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability #5 The Federal Reserve Is Paying Banks Not To Lend Money #6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging #7 The Federal Reserve System Is Dominated By The Big Wall Street Banks #8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913 #9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence #10 The Federal Reserve Has Become Way Too Powerful , A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm Any financial system that is based on debt is doomed to fail. Today, we are living in the greatest debt bubble that the world has ever seen … , Despite Two Thirds Of Components Declining, Empire Fed Prints At Highest Since June 2010 ZeroHedge | Chalk this one to “seasonal adjustments” or something, cause we no longer have any clue what is going on with the data fudging in America. , 20 Signs You Might Be A Typical American Worker http://albertpeia.com/20signsoftypicalamericanworker.htm , 10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm , 8 Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default http://albertpeia.com/8reasonsgreekdebtdefaultstillcoming.htm , Scandal: Greece To Receive "Negative" Cash From "Second Bailout" As It Funds Insolvent European Banks Durden 2-22-12 Earlier today, we learned the first stunner of the Greek "bailout package", which courtesy of some convoluted transmission mechanisms would result in some, potentially quite many, Greek workers actually paying to retain their jobs: i.e., negative salaries. Now, having looked at the Eurogroup's statement on the Greek bailout, we find another very creative use of "negative" numbers. And by creative we mean absolutely shocking and scandalous. First, as a reminder, even before the current bailout mechanism was in place, Greece barely saw 20% of any actual funding, with the bulk of the money going to European and Greek banks (of which the former ultimately also ended up funding the ECB and thus European banks). Furthermore, we already know that as part of the latest set of conditions of the second Greek bailout, an 'Escrow Account" would be established: this is simply a means for Greek creditors to have a senior claims over any "bailout" cash that is actually disbursed for things such as, you know, a Greek bailout, where the money actually trickles down where it is most needed - the Greek citizens. Here is where it just got surreal. It turns out that not only will Greece not see a single penny from the Second Greek bailout, whose entire Use of Proceeds will be limited to funding debt interest and maturity payments, but the country will actually have to fund said escrow! You read that right: the Greek bailout #2 is nothing but a Greek-funded bailout of Europe's insolvent banks... and the Greek constitution is about to be changed to reflect this! , Would You Support an Iran War If … : George Washington : 2/22/12 http://albertpeia.com/16reasonswhyonlyfoolssupportswaragainstIran.htm , Europe's Nash Equilibrium - A Tightly Stretched Rubber Band? Durden 2-22-12 , Guest Post: Dangerous Ideas Durden 2-22-12 There is a very clear relationship between economic growth and sufficient quantities of high quality energy. A crude measure of energy quality is its price. The lower the price for a unit of energy, the higher its quality (or net energy), but this is a very crude measure that can and often is heavily distorted by subsidies, market pressures, and other factors. As we squint at the world price for oil and note that Brent today is trading at $120 per barrel, it is clear that this high price is signaling that energy is now more expensive than it used to be. By adopting the belief that Peak Oil has been debunked, one runs the risk of missing the larger story that our current economic model is unsustainable. And that stocks and bonds and other traditional investments that derive a large portion of their current value from expectations of future growth simply may not perform anything like they have in the past. And worse, that recent and continuing efforts to revive the old economy by printing money risk the destruction of the money system itself. Given this all-too-human tendency to attempt to preserve the status quo, in this case by printing money, I must reiterate my advice to be sure that gold forms a significant portion of your core portfolio. , Complete Latest Hedge Fund Holdings Analysis Durden 2-22-12 -The fine folks at Street of Walls have been kind enough to provide us with their latest 13F breakdown which looks at the position changes across America's 30 largest and most important hedge funds. , NAR Continues Tradition Of Making Mockery Of Itself, Revises December Home Sales From +5% to -0.5% Durden 2-22-12 And here is yet another reason why we will permanently ignore the pathologically lying real estate syndicate known as the NAR (link): December data was just revised from +5% to -0.5% (from 4.61 million to 4.38 million). Since December market expectations were for a +5.2% print, imagine the sheer horror the algos would have been faced with had the real number been reported on time. Needless to say, if this number had been unrevised, the January +4.3% increase would have been a decline. This way the aglos focused only on the immediate moment get two months of beats in a row. Huzzah. Anyone who trades anything based on this borderline criminal self-reporting enterprise needs to have their head checked. In other news, when will the LIBOR investigation finally target the NAR? , Why The Core Needs To Save The Periphery Durden 2-22-12 We have discussed, at length, the symbiotic (or perhaps parasitic) relationship between the banking system in Europe and the governments (read Central Banks). The LTRO has done nothing but bring them into a closer and more mutually-reinforcing chaotic relationship as we suspect many of the Italian and Spanish banks have gone all-in on the ultimate event risk trade in their government's debt. It should come as no surprise to anyone that the bulk of the Greek bailout money will flow directly to the European banking system and Credit Suisse has recently updated the bank exposure (by country) to peripheral sovereign debt that shows just how massively dependent each peripheral nation's banking system is on its own government for capital and more importantly, how the core (France and Germany) remains massively exposed (in terms of Tier 1 Capital) to the PIIGS. Retroactive (negative) salary cuts may well not be the worst of what is to come as the bankers deleveraging returns to bite them in a phoenix-like resurrection of sovereign risk on now even-more sovereign-bloated (and levered) balance sheets. , It's Official - Greece Unveils The Negative Salary, And A Whole New Meaning For "Pay To Play" Durden 2-22-12 , Zombie Housing Market Chronicles - Fed Fails Again To Stimulate A Housing Recovery Durden 2-22-12 While today the association of real estate advertising agents known as the NAR will tell us that the home market is improving - an economic observation which we will completely ignore as any data out of the NAR is now proven to be manipulated and fraudulent, a far better indication of the ongoing implosion in the housing market, and more importantly - the sheer powerlessness of the Fed to do anything about it - came out of the latest weekly Mortgage Brokers Association, which showed that refi applications were down 4.8% W/W, while purchases slid 2.9%, after collapsing 8.4% in the past week. , No, This Is Not Mount Olympus... Durden 2-22-12 ...This is a chart of the Greek bank stock index, which has gone from an all out demented euphoria to suicidal depression in 5 days, as the rumor that Greece is "saved" has been replaced with the reality that Greece is still "completely broke" , Greek 1 Year Hits 763% Durden 2-22-12 , WTF Did All That Printed Money Go? : ilene : 02/22/2012 - A riddle, wrapped in a mystery, inside an enema. , Dave’s Daily: http://www.etfdigest.com MARKETS ARE GETTING TIRED February 22, 2012 ‘Clearly it’s hard for markets to consistently produce 3%-5% monthly returns without taking a break. This is what we’re now seeing absent—more positive news. Jobless Claims data Thursday should shed some light on conditions as will next week’s Employment Report which needs to verify a better trend in conditions. Gallup is projecting an unemployment rate in excess of 9% again although they don’t seasonally adjust like the BS BLS does.We read yesterday some breathless financial commentators remarking that mutual funds showed the first positive fund flows since the previous January. That’s a nice assertion, but January is always a time for people to invest for their IRA or 401K and so forth. Surprisingly ETF fund flow data from the previous bullish week showed $1.2 billion in outflows for both equity and bond sectors.Basically, markets are just getting tired. We’ve remarked to members regarding weekly DeMark 9 count indicators which normally reflect “trend exhaustion”. This is not to say these counts are perfect and may just indicate some sideways movement ahead. And, that’s all we may be seeing despite how much liquidity global central banks are feeding bulls. Meanwhile the SEC’s Mary Shapiro said she’s worried about HFT (High Frequency Trading). Worrying isn’t a policy. Wake me when you’re on to something real… , Fitch downgrades Greece on debt swap plan , Greek Debt Deal Done—Yeah Right Greg Hunter | I keep asking myself, when is a deal not a deal?

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

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

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

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

Dow crosses 13,000, a first since ’08 Dow passed 13,000 about two hours into the trading day, then quickly dropped back. (Washington Post) [ All I can say is, take this opportunity (as indeed it was in 2008 if you had) to sell, take profits because ‘as the night follows the day’, there’s much worse to come. The Ponzi / Weimar comparisons have been particularly noted on zerohedge.com who are always on the cutting edge of financial developments in real terms and time; and, they don’t hedge about reality (posted under the name Durden) http://albertpeia.com/todaysummarybuslinks22112.htm http://www.albertpeia.com/todayspage.htm The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm ] For those who think this money-printing out of thin air is without cost, you’re in for a worse than rude awakening. The global markets have become a joke! This is a ‘full press’ as in ‘fiat paper printing presses in overdrive’ debased Weimar dollars / currencies that will end quite badly so take this opportunity to take profits while you can. The manipulated, contrived, and fake data has all been unaffordably ‘electioneared’ for ‘electionyeared’ spin and propaganda. Don’t be their fool! The full moon previously helped keep the contraindicated lunatics’ huge suckers’ rally going with across the board media et als complicity (infra). But not quite … reality (will) catch(es) up … you know the drill … typical suckers’ surge into the close off lows. This will all end quite badly and is much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles. { http://albertpeia.com/todaysummarybuslinks22112.htm - today’s links only – scroll down as well for today’s links and for more complete context – Encouraged and recommended! } This global suckers’ rally is based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare (which is being injected sub rosa, see infra), bad news, fraud, b***s***, and desperation alone, as suckers’ rallies ushered in the new year in a most preposterous fashion [Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’ for the superstitious so-called ‘January effect’ based on based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, b***s***, and desperation alone to suck suckers in and keep suckers sucked in! Don’t be their fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s using the up moves to reduce risk assets / stocks / exposure, in other words, he’s selling the rallies which is sound advice. The fundamentals/realities, current and prospective, are worse than ever. There are no systems/formulas for these unprecedentedly dire times. Don’t be their sucker! This is an especially great opportunity to sell / take profits because there’s much, much worse to come! Here’s a simple chart of the Dow’s history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als.] with lingering intoxication an explanation as the printing presses and issuance of worthless insurmountable debt paper are in full throttle globally (a testament to global blindness as the blind follow the blind) making this impending disaster at this time an especially great opportunity to sell / take profits because there’s much, much worse to come! jersey-lautenberg based adp with 100% better than expectations private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce department data? Labor dept. ue claims / ue numbers? Only a fool believes what they say! ( After One Month Respite, Pink Slips Are Flying Again Durden , Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Durden on 01/06/2012 .. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg , ) The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , ‘…technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57…’ , The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm Why earnings will continue to decline MarketWatch , 10 Things That Every American Should Know About The Federal Reserve Eco.Coll.Blog http://albertpeia.com/10thingsmustknowaboutfedreserve.htm #1 The Federal Reserve System Is A Privately Owned Banking Cartel #2 The Federal Reserve System Is A Perpetual Debt Machine #3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar #4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability #5 The Federal Reserve Is Paying Banks Not To Lend Money #6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging #7 The Federal Reserve System Is Dominated By The Big Wall Street Banks #8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913 #9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence #10 The Federal Reserve Has Become Way Too Powerful , A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm Any financial system that is based on debt is doomed to fail. Today, we are living in the greatest debt bubble that the world has ever seen … , Despite Two Thirds Of Components Declining, Empire Fed Prints At Highest Since June 2010 ZeroHedge | Chalk this one to “seasonal adjustments” or something, cause we no longer have any clue what is going on with the data fudging in America. , 20 Signs You Might Be A Typical American Worker http://albertpeia.com/20signsoftypicalamericanworker.htm , 10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm , 8 Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default http://albertpeia.com/8reasonsgreekdebtdefaultstillcoming.htm , Meanwhile, China Moves From Currency Wars To Trade Wars Durden 2-21-12 , Greek CDS Trigger Priced In Durden 2-21-12 , For Greece, "Tomorrow" Has Arrived Durden 2-21-12 The day dawns with a deal for Greece that is full of smoke and mirrors; lies and deceptions. , More Leaked Greece Details: Downside Case Sees Funding Needs Soar From €136 Billion To €245 BillionDurden 2-20-12 , JPM Hikes Crude Price Forecast, Sees $120 WTI By Election Time Durden 2-20-12 , The Price Of Gas Is Outrageous – And It Is Going To Go Even Higher http://albertpeia.com/gaspriceshigher.htm , Drudgereport: White House seeks to deflect blame... GALLUP: Unemployment Rises to 9% In February... SATISFACTION WITH COUNTRY WORST SINCE CARTER... Michelle hits the slopes in Aspen month after Hawaiian holiday... 16th vacation in 3 years ... For Baby Boomers, it's now 'work til you drop'... Gas prices highest ever for this time of year... $4.93 in Los Angeles... , Guest Post: Consequences To Expect If The U.S. Invades Iran Durden 2-20-12 Let’s be honest, quite a few Americans love a good war, especially those Americans who have never had to bear witness to one first hand. War is the ultimate tribally vicarious experience. Anyone, even pudgy armchair generals with deep-seated feelings of personal inadequacy, can revel in the victories and actions of armies a half a world away as if they themselves stood on the front lines risking possible annihilation at the hands of dastardly cartoon-land “evil doers”. They may have never done a single worthwhile thing in their lives, but at least they can bask in the perceived glory of their country’s military might. This attitude of swollen ego through proxy is not limited to the “Right” side of the political spectrum as some might expect. In fact, if the terrifyingly demented presidency of Barack Obama has proven anything so far, it is that elements of the “Left” are just as bloodthirsty as any NeoCon, and just as ready to blindly support the political supremacy of their “side” regardless of any broken promises, abandoned principles, or openly flaunted hypocrisies. No matter how reasonable or irrefutable the arguments against a particular conflict are, there will ALWAYS be a certain percentage of the populace which ignores all logic and barrels forward to cheerlead violent actions which ultimately only benefit a select and elite few. , The Real Mega-Trend That Guarantees the Cost of Living Will Rise http://gainspainscapital.com February 21st, 2012 , Guest Post: The Great ECB-OSI Bond-Swap Scam Durden 2-20-12 A massive 150bn euro bill exclusively reserved for the EU-IMF funding of the "official" (OSI) and the private (PSI) sector participations in the Greek writedown on Greek debt may be the key factor behind the ongoing delays in the eurozone finance ministers' approval of a second bailout for Greece. This factor remains concealed behind media hysteria about the supposed failure of Athens to comply with a brutal austerity diktat by the EU-IMF-ECB 'troika'....The question is how will the Eurogroup approve these PSI participation costs that far exceed the supposed gain from the 100bn euro "haircut" but also leave nothing to cover Greece's debt servicing obligations for 2012-2014 of at least another 70bn euros to say nothing of possible budget deficits due to the collapse of public revenues in the fifth consecutive year of a Greek depression. All the histrionics about forcing Greece to set up a separate “escrow account that would give legal priority to debt and interest payments over paying for government expenses”, is nothing but a smokescreen for piling massive sums of fresh public debt on Greece's shoulders without lending a single penny to make up for the economic catastrophe meted out on the country. , Tomorrow And Tomorrow And Tomorrow Durden 2-20-12 Once we see what Europe is really going to do, not what they have told us they might do, the real show gets underway. Everything up till now was just a preamble, a mincemeat of words flowing like a unsubstantiated river from mouths full of fluff, orated by the deceptors… , As Everything Disconnects And Everything Is Soaring, Morgan Stanley Issues A Warning Durden 2-20-12 The latest report from Morgan Stanley's Graham Secker can be summarized simply as follows: i) in January everything has disconnected as traditional linkages between asset classes have broken down, ii) also in January every major asset class (equities, treasurys, gold, oil) was up materially, iii) such a phenomenon has been seen only 5 times in the past 5 years, iv) a double digit decline followed 3 of the past 4 such surges. , European Insurers: How Long Before Capital Denial Becomes Capital Punishment …the last week or so has seen insurers start to deteriorate as perhaps the market will enforce its own capital expectations even if regulators are unwilling to. , Gold Surges As Market Remembers Definition Of "Dilution" Durden 2-21-12 Yesterday, when charting the global multi-trillion central bank stealth reliquification (aka the primary driver for the market to surge 20% in the past several months, and since "the market, or Russell 2000 is the economy" just as the ChairSatan, to result in what naive commentators define as an economic bounce), we said "As a reminder, when gold was at $1900 last summer, central banks had pumped about $2 trillion less into the markets. We expect the market to grasp this discrepancy shortly." With gold about $30 bucks higher, the market is finally starting to "grasp it", and is now back to $1755, as silver passes $34. , As Dow Passes 13,000 In Nominal Terms, Here Is The "Real" PictureDurden 2-21-12 Three charts that perhaps will calm the nominal euphoria as Dow 13000 screams across the screens. Since May 2008, the Dow is unchanged in price and down 50% in 'real' gold terms. The picture is just as disheartening from the start of 2011 and 2012. Next stop Dow 20,000 and Gold 20,000? Durden 2-21-12 Wondering why the DJIA just passed 13K again? Wonder no more: as the chart below shows it is entirely due to the nearly $7 trillion pumped by global central banks into the world stock markets just in the past 4 years. As Sean Corrigan from Diapason notes, the aggregate global central bank balance sheet has doubled in four years, after doubling in the 5 years before that. We would add that with the entire centrally planned ponzi scheme hell bent on preserving the illusion of nominal gains, global liquidity is now fungibly sloshing from one market to another with absolutely zero resistance whatsoever. At this rate, it should double again in 3 years, then 2, and so on. Will the Dow hit 52K in 5 years in that case? Why most certainly. Just ask any remaining citizens of the Weimar Republic… , Guest Post: Scale Invariant Behaviour In Avalanches, Forest Fires, And Default Cascades: Lessons For Public Policy Durden 2-21-12 We have lived through a long period of financial management, in which failing financial institutions have been propped up by emergency intervention (applied somewhat selectively). Defaults have not been permitted. The result has been a tremendous build-up of paper ripe for burning. Had the fires of default been allowed to burn freely in the past we may well have healthier financial institutions. Instead we find our banks loaded up with all kinds of flammable paper products; their basements stuffed with barrels of black powder. Trails of black powder run from bank to bank, and it's raining matches. , Iceland’s Viking Victory London Telegraph | Fitch has upgraded the country to investment grade BBB – with a stable outlook

Goldman Raises Stop On Its Long Russell 2000 Reco, Cites Heightened Concerns Of Greek Default Durden 2-16-12 , The Triumvirate of Wall Street/ the Fed/ and US Politicians is Crumbling Pt 2 : Phoenix Capital... : 02/17/2012 - ‘One thing is for certain, the litigation is beginning to shift from minor players to major players at the core of the Financial Crisis. , Greek CAC Trigger Walk Thru Durden 2-17-12 While we have done our best to explain what the implications are of the actions of the various parties in the Greek/German/ECB/Euro swap/default/CAC/PSI/Austerity events, it is perhaps worth one more try to address how we see this playing out and exactly what the ECB just did. The weakness in GGBs today along with the rise in the cost of Greek basis packages (a hedged bond trade that looks to profit from a credit event or compression) suggest markets are beginning to wake up to reality but the dead-currency-walking behavior of the EUR (and ES) since last night's close suggests many remain sidelined or have all their chips on the constantly-tilting table. In the end every private holder will write-off 50 percent permanently and those that live in a mark to market world (fewer and fewer live in that world in Europe) probably lose another 20 points or so. CDS will be triggered and we will be told how great it was that Greece avoided a default and that it is an isolated case. Is that scenario priced in? , Could ECB Greek Bond Swap Trigger Ratings Default?at The Wall Street Journal , Greek 1 Year At 629%, Biggest One Day Jump In Yield Ever Durden 2-17-12 , The equities market is acting like we know Greece's default will be orderly and no threat to financial stability. It is also acting like we know the U.S. economy can grow smartly while Europe contracts in recession. Lastly, the high level of confidence exuded by market participants suggests we know central bank liquidity is endlessly supportive of equities. What do we really know about the coming default of Greece? Whether we openly call it default or play semantic games with "voluntary haircuts," we know bondholders will absorb tremendous losses that are equivalent to default. We also suspect some bondholders will refuse to play nice and accept their voluntary haircuts. Beyond that, how much do we know about how this unprecedented situation will play out? , Dave’s Daily: http://www.etfdigest.com ‘Speaking of defaults Americans and Europeans dissatisfied with bailing out banks and countries should examine what has happened with Iceland. The country defaulted, banks failed, bankers were prosecuted and jailed. This was in 2008 as you may recall. The country is now on the mend and Fitch just upgraded the country’s credit rating to investment grade (BBB+) with a stable outlook. You see, you don’t need bailouts and money printing. Iceland is the anti-Keynes Bernanke/Geithner/Paulson/Bush/Obama story.’ , 'Dow Theory' Suggests Caution Ahead The Wall Street Journal ‘Transportation stocks are once again flashing a warning signal to the broader stock market. , Commercial Bank Consumer Credit Declines Sharply In January Forbes Charles Biderman, Contributor , Christine Lagarde Is Done Being Greece’s Sugar Momma Getting A Grip On Rising Costs Of Grub And Gas Forbes / John Debosz , Earnings Prepped To Fall Off A Cliffat The Wall Street JournalThe Latest Market Craze: Stock Trading Robots Reacting To Stories Written By... Robots Durden 2-17-12 It appears that while we were busy over the past month spreading the Greek pre- and post-bankruptcy balance sheet, and otherwise torturing Excel (something we urge other financial journalists to try once in a while - go ahead, it doesn't bite. In fact, it is almost as friendly as your favorite Powerpoint) our peer at such reputable financial publications as Forbes, and many others, were laying off carbon-based reporters and replacing them with... robots. As Mediabistro reports, "Forbes has joined a group of 30 publishers using Narrative Science software to write computer-generated stories. Here’s more about the program, used in one corner of Forbes‘ website: "“Narrative Science has developed a technology solution that creates rich narrative content from data. Narratives are seamlessly created from structured data sources and can be fully customized to fit a customer’s voice, style and tone. Stories are created in multiple formats, including long form stories, headlines, Tweets and industry reports with graphical visualizations.”" In other words, with well over 70% of stock trading now done by robots, we have gotten to a point where robots write headlines and stories read, reacted to and traded by robots. Surely, what can possibly go wrong. And here we were this morning, wondering why the market is not only broken but plain dumb. , Guest Post: Exploring The Not-So-Altruistic Aspects Of The "Buffett Rule" Durden 2-17-12 [While he formerly got help from that incestuous bunch of frauds on wall street who wanted this bumpkin from Omaha to suckceed, he now as always needs the inside help from d.c. to make up for what greater scrutiny precludes from fraudulent wall street. The guy’s a shill / complicit scammer like the rest of them. ] Although no one can be sure of Buffett's motives, it would be naïve to believe that .. Buffett has not considered the benefits of pushing through this tax structure. Higher taxes are always problems for entrepreneurs and regular people in the economy. However, they're often beneficial to the well-connected, who receive government bailouts and favors. And with Buffett even on the president's lips, he is becoming more connected to the power mechanism in D.C. every day. With many of Berkshire's companies, your loss as a taxpayer will be their gains. , China: ‘World Bank president should be selected on merit – not nationality’ AP/Washington Post | China now hinting it would like a seat at the VIP club table in New York City , A Depressed World Economy is Here To Stay: Bob Chapman Reports Prisonplanet.com | By decree, by the privately owned Federal Reserve, zero interest rates are here to stay. , Banker Occupied Europe and America Stephen Lendman | Money power rules. Across Europe and America, governments follow banker diktats. They demand economies and people suffer to assure they’re paid. , Gas Hts $3.99 in San Diego 10News.com | Average Price Of Gallon Of Gas Is $3.99. , CBO: Longest Period of High Unemployment Since Great Depression US News | After three years with unemployment topping 8 percent, the U.S. has seen the longest period of high unemployment since the Great Depression. ,

http://albertpeia.com/fbimartinezcongallard.htm

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

Santorum cries Nazi Outrageous comparisons are alarmingly routine for the former senator. (Washington Post) [ That santorum’s a lightweight as I’ve previously characterized him, there’s no question. His religious overtones while talking neo-con militant is one of those ‘throwbacks’ to the administration of a noted war criminal (bush) whose ‘conversations with God’ (NOT! At best a soliloquy; you know, talking to himself. After all, one could imagine GOD all but shrieking in horror at bush’s murderous assault on the English language http://albertpeia.com/bushisms.htm ) . But, while on the topic of nazism, let us not overlook how naziish america’s become: 25 Signs That America Is Rapidly Becoming More Like Nazi Germany The American Dream http://albertpeia.com/25signsamericabecominglikenazigermany.htm February 18, 2012 ‘The United States of America is becoming more like Nazi Germany every single day. In fact, the Nazification of America is almost complete. The parallels between Nazi Germany and the United States of today are going to absolutely shock many of you. Most Americans simply have never learned what life was really like back in Nazi Germany. Under Adolf Hitler, Germany was a Big Brother totalitarian police state that ruthlessly repressed freedom and individual liberty. Under Adolf Hitler, Germany adopted socialism, dramatically increased government spending and raised taxes to astronomical levels. Under Adolf Hitler, abortion became legal in Germany, the government took over health care and Christianity was pushed out of the public schools and out of public life. To prove all of these points, I am going to use extensive quotes from two sources. Kitty Werthmann was a child living a peaceful life in Austria when Hitler took over her nation. Her eyewitness accounts about what life was like under Nazi Germanyare invaluable. In addition, I will also be quoting extensively from author Bruce Walker. He is the author of a book entitled “The Swastika Against The Cross: The Nazi War On Christianity”, and during his years of research he has uncovered some absolutely jaw dropping stuff. After reading the information in the rest of this article, there should be no doubt that the United States is becoming just like Nazi Germany.

Nazi Germany shows us what happens when the state becomes god. Adolf Hitler was certainly more racist than the leaders of America are today, but other than that there are very few differences between the road that Adolf Hitler led Germany down and the path that the United States is being led down.

The following are 25 signs that America is rapidly becoming more like Nazi Germany….

#1 Nazi Germany was a totalitarian Big Brother police state that constantly monitored everything that German citizens did.

Today, the bureaucrats that run things in the United States are also absolutely obsessed with constantly trying to monitor us. For example, there are now control freaks that inspect the lunches of preschool students in certain areas of the country in order to make sure that they contain the “right” foods….

A preschooler at West Hoke Elementary School ate three chicken nuggets for lunch Jan. 30 because the school told her the lunch her mother packed was not nutritious.

The girl’s turkey and cheese sandwich, banana, potato chips, and apple juice did not meet U.S. Department of Agriculture guidelines, according to the interpretation of the person who was inspecting all lunch boxes in the More at Four classroom that day.

The Division of Child Development and Early Education at the Department of Health and Human Services requires all lunches served in pre-kindergarten programs – including in-home day care centers – to meet USDA guidelines. That means lunches must consist of one serving of meat, one serving of milk, one serving of grain, and two servings of fruit or vegetables, even if the lunches are brought from home.

#2 Nazi officials often used their positions of power to force others to do dehumanizing things.

This is exactly what the TSA is doing today. It would be really easy to imagine some Nazi military officers forcing a young woman to walk back and forth in front of them several times so that they could admire her form. Well, that is what TSA agents are doing to American women today. The following comes from a recent Wired article….

TSA agents in Dallas singled out female passengers to undergo screening in a body scanner, according to complaints filed by several women who said they felt the screeners intentionally targeted them to view their bodies.

One woman who flew out of Dallas-Ft. Worth International Airport several months ago said a female agent sent her through a body scanner three times after the agent commented on her “cute” body.

#3 In Nazi Germany, even women and children were treated like dehumanized cattle.

Well, today schoolchildren are being strip-searched all over the United States. Down in Georgia, one student was recently strip-searched by public school officials after another student falsely accused him of having marijuana.

Another student down in Albuquerque was recently forced to strip down to his underwear while five adults watched because he had $200 in his pocket. The student was never formally charged with doing anything wrong.

#4 In Nazi Germany, authorities could stop you and search you at any time and for any reason.

In America that is not supposed to happen, but it is happening. Last year, TSA “VIPR teams” conducted approximately 8,000 “unannounced security screenings” at subway stations, bus terminals, seaports and highway rest stops.

If you are not able to produce “your papers”, there is a good chance that you will get thrown into prison in America. For example, a 21-year-old college student named Samantha Zucker was recently arrested and put in a New York City jail for 36 hours just because she could not produce any identification for police.

#5 Under Adolf Hitler, there were massive increases in government spending.

According to eyewitness Kitty Werthmann, just about everyone was getting some sort of a handout from the German government….

Newlyweds immediately received a $1,000 loan from the government to establish a household. We had big programs for families. All day care and education were free. High schools were taken over by the government and college tuition was subsidized. Everyone was entitled to free handouts, such as food stamps, clothing, and housing.

Of course, as I have written about so many times before, this is the exact same thing that we are seeing in the United States today.

#6 Under Hitler, taxes were raised dramatically in order to pay for all of these social programs.

Kitty Werthmann says that “our tax rates went up to 80% of our income.”

In the United States our tax rates have not gotten that bad yet, but when you total up all federal taxes, all state taxes, all local taxes, all property taxes and all sales taxes, there are a significant number of Americans that do pay more than 50% of their incomes in taxes.

#7 The economy of Nazi Germany was very highly socialized.

As Ludwig Von Mises once correctly observed, the German economy under Hitler was not capitalist at all….

What Mises identified was that private ownership of the means of production existed in name only under the Nazis and that the actual substance of ownership of the means of production resided in the German government. For it was the German government and not the nominal private owners that exercised all of the substantive powers of ownership: it, not the nominal private owners, decided what was to be produced, in what quantity, by what methods, and to whom it was to be distributed, as well as what prices would be charged and what wages would be paid, and what dividends or other income the nominal private owners would be permitted to receive. The position of the alleged private owners, Mises showed, was reduced essentially to that of government pensioners.

The United States has not gotten to the level of Nazi Germany yet, but we do have a socialist president and back in 2009 the cover of Newsweek boldly proclaimed that “We Are All Socialists Now“.

#8 In Nazi Germany, if you conducted business outside of the socialist paradigm you were heavily punished.

Well, the same thing is happening in the United States today. For example, the FDA has been running elaborate entrapment schemes that are designed to entrap producers of raw milk. Any “unauthorized commerce” is dealt with very strictly by the U.S. government these days.

#9 In Nazi Germany, government regulation of business got wildly out of control.

The following is eyewitness testimony from Kitty Werthmann….

My brother-in-law owned a restaurant that had square tables. Government officials told him he had to replace them with round tables because people might bump themselves on the corners. Then they said he had to have additional bathroom facilities. It was just a small dairy business with a snack bar. He couldn’t meet all the demands. Soon, he went out of business.

If the government owned the large businesses and not many small ones existed, it could be in control.

We had consumer protection. We were told how to shop and what to buy. Free enterprise was essentially abolished. We had a planning agency specially designed for farmers. The agents would go to the farms, count the live-stock, then tell the farmers what to produce, and how to produce it.

Of course we all know about all of the ridiculous regulations that the U.S. government is burdening businesses with today. In every day and age control freaks love to stick it to business people that are just trying to make a living.

#10 Under Hitler, free market capitalism was absolutely hated.

National Socialist theologian Gregor Strasser once stated the following….

We National Socialists are enemies, deadly enemies, of the present capitalist system with its exploitation of the economically weak … and we are resolved under all circumstances to destroy this system.

And as I have written about previously, a lot of Barack Obama’s strongest supporters are socialists and communists, and an increasing number of Americans are showing disdain for capitalism. In fact, some recent polls show that young adults in America actually have a more favorable view of socialism than they do of capitalism.

#11 In Nazi Germany, the health care system was taken over by the government.

The following is more eyewitness testimony from Kitty Werthmann….

Before Hitler, we had very good medical care. Many American doctors trained at the University of Vienna . After Hitler, health care was socialized, free for everyone. Doctors were salaried by the government. The problem was, since it was free, the people were going to the doctors for everything. When the good doctor arrived at his office at 8 a.m., 40 people were already waiting and, at the same time, the hospitals were full. If you needed elective surgery, you had to wait a year or two for your turn. There was no money for research as it was poured into socialized medicine. Research at the medical schools literally stopped, so the best doctors left Austria and emigrated to other countries.

Of course we all know what is going on in America today. The government spends nearly half of all health care dollars and Obamacare is going to mean more government control over the health care system than ever before.

#12 Under Adolf Hitler, abortion was made “safe and legal” in Germany.

It turns out that Hitler was a huge fan of the founder of Planned Parenthood, Margaret Sanger. And as I wrote about recently, it was Sanger that once said the following….

“The most merciful thing that a family does to one of its infant members is to kill it.”

Hitler echoed this sentiment when he wrote the following in Mein Kampf….

“The demand that defective people be prevented from propagating equally defective offspring. . . represents the most humane act of mankind.”

After the Nazis came to power in 1933, abortion was very quickly legalized. By 1935 there were approximately 500,000 abortions being performed in Germany every single year.

Yes, Hitler very much encouraged Aryan women to have as many children as possible. But he also very much viewed abortion as a way to reduce “undesirable” populations.

Unfortunately, something very similar is happening today. Abortion clinics are often located in the “poor” part of town, and a staggering 72 percent of Planned Parenthood’s “customers” have incomes that are either equal to or beneath 150 percent of the federal poverty level.

#13 In Nazi Germany, killing the “defective”, the “weak” and the “disabled” was considered to be a good thing because it made the German people “stronger”.

Unfortunately, many in America today have fully embraced the eugenics principles which were so dominant in Nazi Germany.

A 3 year old girl named Amelia was recently denied a kidney transplantbecause she is considered to be “mentally retarded”, and we all remember what happened to Terri Schiavo.

Not only that, the editorial page editor of the Detroit News recently proposed putting contraceptives into the drinking water in Michigan because the state has become a “breeding ground for poverty“.

This kind of sick thinking is rapidly spreading in America, and that is a very frightening thing.

#14 In Nazi Germany, education was nationalized and God was kicked out of the schools.

The following is more eyewitness testimony from Kitty Werthmann….

Our education was nationalized. I attended a very good public school. The population was predominantly Catholic, so we had religion in our schools. The day we elected Hitler (March 13, 1938), I walked into my schoolroom to find the crucifix replaced by Hitler’s picture hanging next to a Nazi flag. Our teacher, a very devout woman, stood up and told the class we wouldn’t pray or have religion anymore. Instead, we sang Deutschland, Deutschland, Uber Alles, and had physical education.

Unfortunately, the exact same thing is happening to U.S. public schools.

#15 Under Adolf Hitler, God was mocked and religion was pushed out of every corner of public life.

Just check out the following information uncovered by author Bruce Walker….

The Nazi tract Gott und Volk was distributed in 1941, and it describes the life cycle of German youth in the future, who would: “With parties and gifts the youth will be led painlessly from one faith to the other and will grow up without ever having heard of the Sermon on the Mount or the Golden Rule, to say nothing of the Ten Commandments… The education of the youth is to be confined primarily by the teacher, the officer, and the leaders of the party. The priests will die out. They have estranged the youth from the Volk. Into their places will step the leaders. Not deputies of God. But anyway the best Germans. And how shall we train our children? Thus, as though they had never heard of Christianity!”

Once again, this parallels what we are seeing happen in America today. Last year, a high school student in Southern California was suspended for two days because he had private conversations with his classmates during which he discussed Christianity. He was also banned from bringing his Bible to school ever again.

For many more examples of this phenomenon, please see this article: “18 Examples Of How Christians Are Being Specifically Targeted By Big Brother“.

#16 Adolf Hitler fully embraced the theory of evolution, and Darwinism provided the intellectual foundation for much of Nazism.

At a Nazi Party rally in Nuremberg in 1933, Hitler declared that “higher race subjects to itself a lower race . . .a right which we see in nature and which can be regarded as the sole conceivable right“.

Hitler was obsessed with the “survival of the fittest” and he took this theory to its logical extremes. The following is how one author put it….

“Hitler was influenced above all by the theories of the nineteenth-century social Darwinist school, whose conception of man as biological material was bound up with impulses towards a planned society. He was convinced that the race was disintegrating, deteriorating through faulty breeding as a result of a liberally tinged promiscuity that was vitiating the nation’s blood. And this led to the establishment of a catalogue of ‘positive’ curative measures: racial hygiene, eugenic choice of marriage partners, the breeding of human beings by the methods of selection on the one hand and extirpation on the other”

But of course we have no problem with teaching this flawed theory to our children in the public schools of America today.

Haven’t we learned anything from history?

#17 Under Adolf Hitler, the state started taking over the job of child care.

The following is more eyewitness testimony from Kitty Werthmann….

When the mothers had to go out into the work force, the government immediately established child care centers. You could take your children ages 4 weeks to school age and leave them there around-the-clock, 7 days a week, under the total care of the government. The state raised a whole generation of children. There were no motherly women to take care of the children, just people highly trained in child psychology.

Of course this is exactly what is happening in America today. Children are raised by day care centers and public schools, and most parents spend very little time with their own children.

#18 In Nazi Germany, it became fashionable to mock Christians and the Christian faith.

The following is more from author Bruce Walker….

By 1935, the virulently anti-Christian leader of the Hitler Youth, Baldur von Shirach issued a regulation that prohibited any child from belonging simultaneously to a church youth group and the Hitler Youth, and gradually membership in the Hitler Youth became almost obligatory – parents were told that their children would not get jobs in the civil service unless they belonged to the Hitler Youth and employers were told not to hire children who did not belong to the Hitler Youth. Christian schoolchildren who did not belong to the Hitler Youth or its female counterpart were routinely beaten up by young Nazi thugs.

Boys inducted into the Hitler Youth were required to explicitly reject Christianity by oaths like this: “German blood and Christian baptismal water are completely incompatible.” At Hitler Youth center at Halle, was the following prominent statement: “The Faith fanatics, who still to-day slide down on their knees with faces uplifted to heaven, waste their time in churchgoing and prayers, and have not yet understood that they are living on the earth and that therefore their task is of a thoroughly earthly kind. All we Hitler people can still only look with the greatest contempt on those young people who still run to their silly Evangelical or Catholic Churches in order to vent their quite superstitious religious feelings.”

Those that believe that the Nazis embraced Christianity are delusional. The following are direct quotes out of Hitler Youth training manuals….

“Christianity is a religion of slaves and fools.”

“How did Christ die? Whining at the Cross!”

“The Ten Commandments represent the lowest instincts of man.”

“Christianity is merely a cloak for Judaism.”

This is definitely where things are going in America today. Our television shows and our movies regularly mock Christians and they are always portrayed as the “bad guys”.

In addition, the name of Jesus is rapidly becoming a forbidden word. Some U.S. courts have even ruled that it is unconstitutional to use the name of “Jesus Christ” during any official government meeting. The following comes from a recent WorldNetDaily article….

But the American Civil Liberties Union and Americans United for Separation of Church and State are standing by their victory in a U.S. circuit court decision that states even “a solitary reference to Jesus Christ” in invocations before the Forsyth County Board of Commissioners’ meetings could do “violence to the pluralistic and inclusive values that are a defining feature of American public life.”

#19 Under Adolf Hitler, sexual promiscuity was actually encouraged.

The following is more eyewitness testimony from Kitty Werthmann….

My mother was very unhappy. When the next term started, she took me out of public school and put me in a convent. I told her she couldn’t do that and she told me that someday when I grew up, I would be grateful. There was a very good curriculum, but hardly any fun no sports, and no political indoctrination. I hated it at first but felt I could tolerate it. Every once in a while, on holidays, I went home. I would go back to my old friends and ask what was going on and what they were doing. Their loose lifestyle was very alarming to me. They lived without religion. By that time unwed mothers were glorified for having a baby for Hitler. It seemed strange to me that our society changed so suddenly. As time went along, I realized what a great deed my mother did so that I wasn’t exposed to that kind of humanistic philosophy.

Of course the exact same thing is happening in America today. If you doubt that your tax dollars are going to promote sexual promiscuity, then I have a video for you to watch. It is a video from the American Life League, and you can view itright here. DO NOT let any children watch this video. It is done by a pro-life organization but it is very graphic. I have posted a link to it because it isimperative that parents understand what is really going on out there. But please be warned that it is very, very graphic.

#20 Once the Nazis took power, they rapidly implemented gun control legislation and later on they took all of the guns away from the populace.

Kitty Werthmann remembers very well what happened in Austria under the Nazis….

Next came gun registration. People were getting injured by guns. Hitler said that the real way to catch criminals (we still had a few) was by matching serial numbers on guns. Most citizens were law abiding and dutifully marched to the police station to register their firearms. Not long after-wards, the police said that it was best for everyone to turn in their guns. The authorities already knew who had them, so it was futile not to comply voluntarily.

Last year, more than 10 million guns were sold in the United States, but gun control legislation continues to become even more strict, and it is only a matter of time before the federal government tries to disarm the U.S. population completely.

#21 Under the Nazis, large numbers of children were taken away from good families.

The following is more from author Bruce Walker….

Parents who resisted Nazi anti-Christian indoctrination too strongly simply had their children taken away from them. The Nazis even forbade parents to give their children Christian names and ordered babies instead to be given names like Dietrich, Otto or Siegfried. The home teaching of Christianity by parents in the home was forbidden. Not content with simply driving Christianity out of public schools, Himmler banned all Confessing Church seminaries and instruction in 1937 and he closed all private religious schools two years later.

Doesn’t this sound exactly like where America is headed?

In many states, CPS (“child protective services”) has become one of the most feared government agencies. All over the nation, thousands upon thousands of children have been removed from good homes because the parents were not raising them “correctly”.

You can read about one particularly bad CPS horror story right here.

#22 Under Adolf Hitler, society became very highly militarized.

Of course we are seeing the same thing in the U.S. right now.

Sadly, this is even happening to our public schools. According to blogger Alexander Higgins, students in kindergarten and the 1st grade in the state of New Jersey are now required by law to participate “in monthly anti-terrorism drills”. The following is an excerpt from a letter that he recently received from the school where his child attends….

Each month a school must conduct one fire drill and one security drill which may be a lockdown, bomb threat, evacuation, active shooter, or shelter-in place drill. All schools are now required by law to implement this procedure.

This is the kind of thing that a sicko like Adolf Hitler would try to do, and it is not good for our children.

#23 In Nazi Germany, the prisons were absolutely packed.

Right now, the United States has the highest incarceration rate in the world by far and the largest total prison population on the entire globe by far.

Even children are being arrested in alarming numbers. In a previous article, I described how one 12-year-old girl down in Texas was recently arrested for spraying herself with perfume and how police were recently sent out to collect an overdue library book from a 5-year-old girl in Massachusetts.

#24 Under Adolf Hitler, there was basically no freedom of speech.

In the United States today we are told that we still have freedom of speech, but that freedom is being “chilled” in thousands of different ways.

For example, the FBI is now admittedly recording Internet talk radio programs all over the United States. The following comes from a recent article by Mark Weaver of WMAL.com….

If you call a radio talk show and get on the air, you might be recorded by the FBI.

The FBI has awarded a $524,927 contract to a Virginia company to record as much radio news and talk programming as it can find on the Internet.

The FBI says it is not playing big brother by policing the airwaves, but rather seeking access to what airs as potential evidence.

So please speak freely on talk radio. Just realize that the feds will be recording every single word.

#25 Under Adolf Hitler, paranoia was standard operating procedure.

In Nazi Germany, every citizen was a potential threat and everyone had to be constantly watched for suspicious activity.

Of course the exact same thing is happening in America today. Just about anything you do can get you labeled as a “potential terrorist” by the government.

According to a new DHS report, the following are some of the beliefs and ideologies of potential terrorists….

-”fiercely nationalistic (as opposed to universal and international in orientation)”

-”anti-global”

-”suspicious of centralized federal authority”

-”reverent of individual liberty”

-”believe in conspiracy theories”

-”a belief that one’s personal and/or national “way of life” is under attack”

-”a belief in the need to be prepared for an attack either by participating in paramilitary preparations and training or survivalism”

-”impose strict religious tenets or laws on society (fundamentalists)”

-”insert religion into the political sphere”

-”those who seek to politicize religion”

-”supported political movements for autonomy”

-”anti-abortion”

-”anti-Catholic”

-”anti-nuclear”

And the definition of “suspicious activity” has become so broad in America that it pretty much covers 100% of us. In 2012, the following activities are considered to be “suspicious” by the FBI….

-shielding your computer screen from others

-paying with cash

-acting “nervous”

-using multiple cell phones

-requesting a specific room at a hotel

-traveling with a large amount of luggage

-refusing maid service at a hotel

-staying in your room for too long

-changing your appearance

In addition, the U.S. government has decided that it would be a really good idea for all of us to spy on one another. The “If You See Something, Say Something” campaign looks like it could have been pulled right out of a Gestapo security handbook.

But America is not supposed to be about spying on one another and reporting each other to the secret police.

America is supposed to be about liberty and freedom…’

Santorum releases federal tax returns showing sharp rise in personal wealth GOP candidate stresses his coal-mining background, but personal finances tell another story. (Washington Post) [ From beyond, it’s Jimmy Dean, is that sweet rick he’s singin’ of? ‘Every morning at the mine you could see him arrive, stood 5’11” and weighed 187, kind of narrow at the shoulders and wider at the hips, somewhat resembling Seinfeld you couldn’t mistake those lips of big rick, big rick, big ri__ck, you’re a d***, big bad rick’ ….. Not really! The only tunnel he’s worked in is the one under capital hill that leads to the treasured capital hill money for nothing. There’s only so much drain without value added that a nation can stand. Then again, trump really hurt romeney! Yet, whomever it’s to be is facing the most failed, incompetent, and typically corrupt presidents in american history, such as it has been miswritten. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , http://albertpeia.com/10mostcorruptpols.htm . To the Jimmy Dean sausage grinder for ‘big bad rick’!

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

After bailout, Greece and Europe must grow (Washington Post) [ Yes, indeed! The editorial board, by george, I think they’ve got it. Wow! Eureka! Reaching out to Harry Potter et als, a few magic wands, a few magic words, abracadabra, hocus potus, and voila; they’re growing again (NOT-the reality is that quite the contrary will be true, and here as well, particularly when you discount the inflated effect of over-printed debased fiat currencies globally and dollars particularly, that dern ‘perception versus reality thing’). Unfortunately, depressions, however obfuscated, are not known for their ‘economic growth’. http://albertpeia.com/22signsglobalrecessiondepression.htm , America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke…The government’s total indebtedness is $211 trillion’ (34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://theeconomiccollapseblog.com http://albertpeia.com/34shockingfactsaboutusdebt.htm ‘We have all been lied to. For decades, the leaders of both major political parties have promised us that they can fix our current system and that they can get our national debt under control. As the 2012 election approaches, they are making all kinds of wild promises once again. Well you know what? It is all a giant sham. The United States has gotten into so much debt that there will be no coming back from this. The current system is irretrievably broken… Professor Laurence J. Kotlikoff, the U.S. is facing a "fiscal gap" of over 200 trillion dollars in the future. The following is a brief excerpt from a recent article that he did for CNN...The government's total indebtedness -- its fiscal gap -- now stands at $211 trillion.. The fiscal gap is the difference, measured in present value, between all projected future spending obligations -- including our huge defense expenditures and massive entitlement programs, as well as making interest and principal payments on the official debt -- and all projected future taxes…#33 If you add up all forms of debt in the United States (government, business and consumer), it comes to more than 56 trillion dollars. That is more than $683,000 per family…)

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

The test of talking to Iran The West can’t let negotiations be an excuse for Tehran to buy time.(Washington Post) [ Oh, yeah! It might even be sufficient time for Iran to steal american nuclear technology as did israel en route to and completion of israel’s illegal nuke program … shhhhh … we don’t want to offend the tender sensibilities of the israelis and the jewish voting block / aipac. After all, this is an election year. Forget reality! Let’s talk election year politics.

Gen. Dempsey: Iran rational actor, not after nukes

Press TV | General described any Israeli attack on Iran as “destabilizing.”

Thai Muslim Leader: Mossad’s MEK Responsible for Diplomat Attack

Kurt Nimmo | Accusation completely ignored by establishment media.

Buchanan: What Happens in Iran and Syria is None of Our Business

Kurt Nimmo | It was Patrick Buchanan’s common sense views on U.S. foreign policy that got him fired.

Even Defense Contractors Support Ron Paul For President

Steve Watson | Paul wants to freeze defense spending but has most support from those in the industry

Election 2012: Just One More Crafted Illusion?

Rick Ackerman | The elitist, crusading cowards in the media execute their marching orders with gusto.

Hard talk with US officials on Iran fails to move Israel from military option

DEBKAfile | White House National Security Adviser Tom Donilon faced an acrimonious Prime Minister Binyamin Netanyahu.

Report: U.S. officials say Israel would need at least 100 planes to strike Iran

Haaretz | New York Times quotes U.S. defense and military officials as saying that should Israel choose to attack Iran, it would be a highly complex operation.

Iran launches aerial defense drill

YNet News | Preparing for strike on nuke sites? Tehran embarks on four-day drill that will include anti-aircraft fire; Iranian official threatens to push oil prices to $150 a barrel.

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

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

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

Tax holiday’s end sets up harder hit in 2013With Congress voting to extend payroll tax holiday, 160 million workers will be spared immediate hike. But move leaves them facing bigger hit in January, when holiday ends and tax joins long list of levies set to go up. ‘Now would be the perfect time to clean up the tax code’ (Washington Post) [ Harder hit indeed; and, much more than could possibly be imagined! I quite agree that now would be the perfect time to ‘clean up’ the tax code, as I’ve recently stated (rationale for not doing so previously, once upon a time, being ‘if it ain’t broke, don’t fix it’, ‘don’t argue with success’, ‘leave well enough alone’; none of which adages are apposite now – america’s broke, needs fixin’, is no longer successful, and is not at all well). The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm ] For those who think this money-printing out of thin air is without cost, you’re in for a worse than rude awakening. The global markets have become a joke! This is a ‘full press’ as in ‘fiat paper printing presses in overdrive’ debased Weimar dollars / currencies that will end quite badly so take this opportunity to take profits while you can. The manipulated, contrived, and fake data has all been unaffordably ‘electioneared’ for ‘electionyeared’ spin and propaganda. Don’t be their fool! The full moon previously helped keep the contraindicated lunatics’ huge suckers’ rally going with across the board media et als complicity (infra). But not quite … reality (will) catch(es) up … typical suckers’ surge into the close off lows. This will all end quite badly and is much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles. { http://albertpeia.com/todaysummarybuslinks21712.htm - today’s links only – scroll down as well for today’s links and for more complete context – Encouraged and recommended! } This global suckers’ rally is based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare (which is being injected sub rosa, see infra), bad news, fraud, b***s***, and desperation alone, as suckers’ rallies ushered in the new year in a most preposterous fashion [Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’ for the superstitious so-called ‘January effect’ based on based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, b***s***, and desperation alone to suck suckers in and keep suckers sucked in! Don’t be their fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s using the up moves to reduce risk assets / stocks / exposure, in other words, he’s selling the rallies which is sound advice. The fundamentals/realities, current and prospective, are worse than ever. There are no systems/formulas for these unprecedentedly dire times. Don’t be their sucker! This is an especially great opportunity to sell / take profits because there’s much, much worse to come! Here’s a simple chart of the Dow’s history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als.] with lingering intoxication an explanation as the printing presses and issuance of worthless insurmountable debt paper are in full throttle globally (a testament to global blindness as the blind follow the blind) making this impending disaster at this time an especially great opportunity to sell / take profits because there’s much, much worse to come! jersey-lautenberg based adp with 100% better than expectations private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce department data? Labor dept. ue claims / ue numbers? Only a fool believes what they say! ( After One Month Respite, Pink Slips Are Flying Again Durden , Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Durden on 01/06/2012 .. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg , ) The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , ‘…technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57…’ , The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm Why earnings will continue to decline MarketWatch , 10 Things That Every American Should Know About The Federal Reserve Eco.Coll.Blog http://albertpeia.com/10thingsmustknowaboutfedreserve.htm #1 The Federal Reserve System Is A Privately Owned Banking Cartel #2 The Federal Reserve System Is A Perpetual Debt Machine #3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar #4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability #5 The Federal Reserve Is Paying Banks Not To Lend Money #6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging #7 The Federal Reserve System Is Dominated By The Big Wall Street Banks #8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913 #9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence #10 The Federal Reserve Has Become Way Too Powerful , A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm Any financial system that is based on debt is doomed to fail. Today, we are living in the greatest debt bubble that the world has ever seen … , Despite Two Thirds Of Components Declining, Empire Fed Prints At Highest Since June 2010 ZeroHedge | Chalk this one to “seasonal adjustments” or something, cause we no longer have any clue what is going on with the data fudging in America. , 20 Signs You Might Be A Typical American Worker http://albertpeia.com/20signsoftypicalamericanworker.htm , Goldman Raises Stop On Its Long Russell 2000 Reco, Cites Heightened Concerns Of Greek Default Durden 2-16-12 , The Triumvirate of Wall Street/ the Fed/ and US Politicians is Crumbling Pt 2 : Phoenix Capital... : 02/17/2012 - ‘One thing is for certain, the litigation is beginning to shift from minor players to major players at the core of the Financial Crisis. , Greek CAC Trigger Walk Thru Durden 2-17-12 While we have done our best to explain what the implications are of the actions of the various parties in the Greek/German/ECB/Euro swap/default/CAC/PSI/Austerity events, it is perhaps worth one more try to address how we see this playing out and exactly what the ECB just did. The weakness in GGBs today along with the rise in the cost of Greek basis packages (a hedged bond trade that looks to profit from a credit event or compression) suggest markets are beginning to wake up to reality but the dead-currency-walking behavior of the EUR (and ES) since last night's close suggests many remain sidelined or have all their chips on the constantly-tilting table. In the end every private holder will write-off 50 percent permanently and those that live in a mark to market world (fewer and fewer live in that world in Europe) probably lose another 20 points or so. CDS will be triggered and we will be told how great it was that Greece avoided a default and that it is an isolated case. Is that scenario priced in? , Could ECB Greek Bond Swap Trigger Ratings Default?at The Wall Street Journal , Greek 1 Year At 629%, Biggest One Day Jump In Yield Ever Durden 2-17-12 , The equities market is acting like we know Greece's default will be orderly and no threat to financial stability. It is also acting like we know the U.S. economy can grow smartly while Europe contracts in recession. Lastly, the high level of confidence exuded by market participants suggests we know central bank liquidity is endlessly supportive of equities. What do we really know about the coming default of Greece? Whether we openly call it default or play semantic games with "voluntary haircuts," we know bondholders will absorb tremendous losses that are equivalent to default. We also suspect some bondholders will refuse to play nice and accept their voluntary haircuts. Beyond that, how much do we know about how this unprecedented situation will play out? , Dave’s Daily: http://www.etfdigest.com ‘Speaking of defaults Americans and Europeans dissatisfied with bailing out banks and countries should examine what has happened with Iceland. The country defaulted, banks failed, bankers were prosecuted and jailed. This was in 2008 as you may recall. The country is now on the mend and Fitch just upgraded the country’s credit rating to investment grade (BBB+) with a stable outlook. You see, you don’t need bailouts and money printing. Iceland is the anti-Keynes Bernanke/Geithner/Paulson/Bush/Obama story.’ , 'Dow Theory' Suggests Caution Ahead The Wall Street Journal ‘Transportation stocks are once again flashing a warning signal to the broader stock market. , Commercial Bank Consumer Credit Declines Sharply In January Forbes Charles Biderman, Contributor , Christine Lagarde Is Done Being Greece’s Sugar Momma Getting A Grip On Rising Costs Of Grub And Gas Forbes / John Debosz , Earnings Prepped To Fall Off A Cliffat The Wall Street JournalThe Latest Market Craze: Stock Trading Robots Reacting To Stories Written By... Robots Durden 2-17-12 It appears that while we were busy over the past month spreading the Greek pre- and post-bankruptcy balance sheet, and otherwise torturing Excel (something we urge other financial journalists to try once in a while - go ahead, it doesn't bite. In fact, it is almost as friendly as your favorite Powerpoint) our peer at such reputable financial publications as Forbes, and many others, were laying off carbon-based reporters and replacing them with... robots. As Mediabistro reports, "Forbes has joined a group of 30 publishers using Narrative Science software to write computer-generated stories. Here’s more about the program, used in one corner of Forbes‘ website: "“Narrative Science has developed a technology solution that creates rich narrative content from data. Narratives are seamlessly created from structured data sources and can be fully customized to fit a customer’s voice, style and tone. Stories are created in multiple formats, including long form stories, headlines, Tweets and industry reports with graphical visualizations.”" In other words, with well over 70% of stock trading now done by robots, we have gotten to a point where robots write headlines and stories read, reacted to and traded by robots. Surely, what can possibly go wrong. And here we were this morning, wondering why the market is not only broken but plain dumb. , Guest Post: Exploring The Not-So-Altruistic Aspects Of The "Buffett Rule" Durden 2-17-12 [While he formerly got help from that incestuous bunch of frauds on wall street who wanted this bumpkin from Omaha to suckceed, he now as always needs the inside help from d.c. to make up for what greater scrutiny precludes from fraudulent wall street. The guy’s a shill / complicit scammer like the rest of them. ] Although no one can be sure of Buffett's motives, it would be naïve to believe that .. Buffett has not considered the benefits of pushing through this tax structure. Higher taxes are always problems for entrepreneurs and regular people in the economy. However, they're often beneficial to the well-connected, who receive government bailouts and favors. And with Buffett even on the president's lips, he is becoming more connected to the power mechanism in D.C. every day. With many of Berkshire's companies, your loss as a taxpayer will be their gains. , China: ‘World Bank president should be selected on merit – not nationality’ AP/Washington Post | China now hinting it would like a seat at the VIP club table in New York City , A Depressed World Economy is Here To Stay: Bob Chapman Reports Prisonplanet.com | By decree, by the privately owned Federal Reserve, zero interest rates are here to stay. , Banker Occupied Europe and America Stephen Lendman | Money power rules. Across Europe and America, governments follow banker diktats. They demand economies and people suffer to assure they’re paid. , Gas Hts $3.99 in San Diego 10News.com | Average Price Of Gallon Of Gas Is $3.99. , CBO: Longest Period of High Unemployment Since Great Depression US News | After three years with unemployment topping 8 percent, the U.S. has seen the longest period of high unemployment since the Great Depression.

http://albertpeia.com/fbimartinezcongallard.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

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

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

Eisenhower Memorial misses the man (Washington Post) [ Great to see Mr. Will back to form. Indeed it is true, needed to be said out loud, and Mr. Will has said it. President General Eisenhower was a great man, a great president, and certainly the most underrated on both scores. A man of deeds, action and not just words (not a b***s*** artist), he invariably had the courage to do what history has invariably proven right; and, had the rare courage to warn in futurity the dangers inherent to the military industrial complex which have plagued this nation since. While it is true that no memorial can mark the measure of this great man of modern times, it is also true they must try harder. After all, without a doubt, they surely have ‘nothing better to do’.

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm ] This is a ‘full press’ as in ‘fiat paper printing presses in overdrive’ debased Weimar dollars / currencies that will end quite badly so take this opportunity to take profits while you can. The manipulated, contrived, and fake data has all been unaffordably ‘electioneared’ for ‘electionyeared’ spin and propaganda. Don’t be their fool! The full moon has previously helped keep the contraindicated lunatics’ huge suckers’ rally going with across the board media et als complicity (infra). But not quite … reality (will) catch(es) up … typical suckers’ surge into the close off lows. This will all end quite badly and is much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles. { http://albertpeia.com/todaysummarybuslinks21612.htm - today’s links only – scroll down as well for today’s links and for more complete context – Encouraged and recommended! } This global suckers’ rally is based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare (which is being injected sub rosa, see infra), bad news, fraud, bs, and desperation alone, as suckers’ rallies ushered in the new year in a most preposterous fashion [Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’ for the superstitious so-called ‘January effect’ based on based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, bs, and desperation alone to suck suckers in and keep suckers sucked in! Don’t be their fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s using the up moves to reduce risk assets / stocks / exposure, in other words, he’s selling the rallies which is sound advice. The fundamentals/realities, current and prospective, are worse than ever. There are no systems/formulas for these unprecedentedly dire times. Don’t be their sucker! This is an especially great opportunity to sell / take profits because there’s much, much worse to come! Here’s a simple chart of the Dow’s history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als.] with lingering intoxication an explanation as the printing presses and issuance of worthless insurmountable debt paper are in full throttle globally (a testament to global blindness as the blind follow the blind) making this impending disaster at this time an especially great opportunity to sell / take profits because there’s much, much worse to come! jersey-lautenberg based adp with 100% better than expectations private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce department data? Labor dept. ue claims / ue numbers? Only a fool believes what they say! ( After One Month Respite, Pink Slips Are Flying Again Durden , Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Durden on 01/06/2012 .. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg , ) The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , ‘…technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57…’ , The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm Why earnings will continue to decline MarketWatch , 10 Things That Every American Should Know About The Federal Reserve Eco.Coll.Blog http://albertpeia.com/10thingsmustknowaboutfedreserve.htm #1 The Federal Reserve System Is A Privately Owned Banking Cartel #2 The Federal Reserve System Is A Perpetual Debt Machine #3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar #4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability #5 The Federal Reserve Is Paying Banks Not To Lend Money #6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging #7 The Federal Reserve System Is Dominated By The Big Wall Street Banks #8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913 #9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence #10 The Federal Reserve Has Become Way Too Powerful , A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm Any financial system that is based on debt is doomed to fail. Today, we are living in the greatest debt bubble that the world has ever seen … , Despite Two Thirds Of Components Declining, Empire Fed Prints At Highest Since June 2010 ZeroHedge | Chalk this one to “seasonal adjustments” or something, cause we no longer have any clue what is going on with the data fudging in America. , 20 Signs You Might Be A Typical American Worker http://albertpeia.com/20signsoftypicalamericanworker.htm , Goldman Raises Stop On Its Long Russell 2000 Reco, Cites Heightened Concerns Of Greek Default Durden 2-16-12 , The Reporter Is Either Wrong Or This Is A Bad Deal For Greece Durden 2-16-12 , Bank Bonds Not Buying The Rally Durden 2-16-12 , Sprott's John Embry:“The Current Financial System Will Be Totally Destroyed“ Durden 2-16-12 , America's Discretionary Spending Well Has Run DryDurden 2-16-12 , Quote Of The Week Durden 2-16-12 “Whoever controls the volume of money in our country is absolute master of all industry and commerce…and when you realize that the entire system is very easily controlled, one way or another, by few powerful men at the top, you will not have to be told how periods of inflation and depression originate.” – President James Garfield, 2 weeks before his assassination. , SocGen Sums It Up: "The Time For Patching It Up Is Over" Durden 2-16-12 , Bullish Sentiment Takes A Diveat The Wall Street Journal , Greece is Not Lehman 2.0… As I’ll Show You, It’s Far Far Worse… February 16th, 2012 http://gainspainscapital.com , Morgan Stanley Smith Barney: Yep, We're Still Bearishat The Wall Street Journal , While You Were Sleeping, Central Banks Flooded The World In LiquidityDurden 2-16-12 There are those who have been waiting to buy undilutable precious metals in response to a headline announcement from the Fed that it is starting to buy up hundreds of billions of Treasurys or MBS. This is understandable - after all that is precisely the trigger that the headline scanning robots which account for 90% of market action in the past year are programmed to do. , As US Debt Hits New Record, Fiscal 2012 Tax Revenues Are 10% Higher Than Debt IssuanceDurden 2-16-12 Today, the US total debt rose by $32 billion touching on a new record high of $15.392 trillion. As a reminder this is just the beginning: as we noted yesterday, according to the president's own budget total US debt is now expected to surpasses the greatest and final debt ceiling of $16.4 trillion just around September, and likely sooner with the addition of the $160 billion in additional debt needed to fund the extension of the Bush temporary yet perpetual tax cut through the end of 2012. So while we know that total debt to GDP is already over 100% and unlikely to ever decline back to double digits, thus putting into question the marginal utility of debt to generate further economic growth, another just as important question is what is the incremental utility of tax revenue relative to debt issuance, i.e., is America now issuing more debt than it is collecting from tax revenues: a step which would further cement its status as a banana debt republic. , ECB To Fund Eurozone Central Banks As PSI SweetenerDurden 2-16-12 A number of headlines from Bloomberg, via Die Welt, that the ECB will undergo a bond swap on their greek government bonds and the 'profit' will flow to governments. This is absolute delusion. The ECB claims EUR50bn nominal value of GGBs - so likely took a EUR20-30bn loss on this given the prices they bought at under the SMP and the current market price. We explained last week (must-read) the delusional nature of these profits (given the losses that occur once the new bonds break) and assume this is yet another attempt to make market participants believe they wil help with PSI. However, there is more to this in our humble opinion. Since the ECB says they will distribute profits (which we know are illusory) to governments - it is nothing but a covert attempt to funnel money (think printing) to local government central banks - and the illusory profits here are simply giving away free money. Perhaps the loud screaming over the pain associated with even an 'orderly' Greek default is enough that the ECB needs to placate them with some new freshly printed money? For now, the PSI remains in limbo for the hold-out blocking stake reasons we have discussed at length - if the ECB were to step into the market and buy/swap with hold-outs all of their UK-law bonds at Par (for huge gains to the hedgies) then perhaps we get a deal done - but this would be astounding and leave the rest of the European sovereign debt market disabled as investors pushed for the same deal and vigilantes drove Portugal and then Spain to this point...Is it perhaps cheaper for the Troika to fund the ECB's EUR30bn loss (and let Greece default) than pay the EUR130bn for them to stay?Two formal requests to Mr. Draghi - please show where the profit is booked on your balance sheet and also explain how a notional swap (no debt reduction) in any helps the Greeks? , The Farce-Hole Gets Deeper: Obama's "Robo-Settlement For Votes" Cost To Taxpayers: $40 BillionDurden 2-16-12 Plunging deeper into the farce-hole, the FT reports tonight that Obama's foreclosure settlement with the banks over their improper seizure of tax-paying US citizens' homes will in fact be subsidized by those very same US taxpayers. It is a hidden clause (that has not been made public yet) that allows the banks to count future loan modifications under the $30bn (taxpayer funded) HAMP initiative towards their $35bn agreement to restructure obligations under the new settlement. As the FT goes on to note, BofA will be able to use future mods made under HAMP towards the $7.6bn in borrower assistance it is committed to provide - which means, in a (as TARP inspector general Neil Barofsky describes) 'scandalous' turn of events the bank will receive payments for averting a borrower default and be reimbursed by the taxpayer for the principal write-down. We have much stronger words for how we are feeling about this but Barofsky sums it up calmly "It turns the notion that this is about justice and accountability on its head". Are the Big Five banks truly beyond the law? Credit Suisse The Sequel: "Probability Of The Largest Disorderly Default Loss In History On March 20 Has Increased" Durden 2-16-12 A week ago we presented an excerpt from Credit Suisse's most excellent piece "The Flaw" - merely the latest in one of the best overviews of the neverending Greek soap opera by William Porter. Yet every soap opera eventually ends. Although when it comes to Nielsen ratings, the denouement is usually a whimper. In the case of Greece, it will be anything but. Yet listening to the daily cacafony of din from Europe's leaders, who are likely more clueless than the average reader as to what is really going on, one may be left with the impression that there is a simple solution to the problem, and Greece may be "saved... in hours." It can't. In fact, as of today, Porter's s conclusion is: "we are left with a sense that the probability of delivering the largest default loss in history in a disorderly way on or before 20 March has increased relative to doing so in an orderly way."

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

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

Wonkbook: Choose your own (Greek) adventure (Washington Post) [ Kind of like in the fashion of ‘you say tomahto, I say tomayto’, I’d like to choose ‘Illiad’ or ‘Oddyssey’; yet reality calls for the hobson’s choice of Scylla or Charybdis. Yes, indeed, any greek adventure is sure to be a horror show. Clock ticks on Greek bailout talksIn late March, the country faces a mammoth payment that it cannot meet without Europe’s help. (Washington Post) [ ‘The Neverending Story’ (a well done film, particularly for kids)! Yet, there’ll be no luck dragons to the rescue, with so many other dominoes / nations to similarly fall, not to mentioned that the scenario is so dire as to be irretrievable, much like america’s own debt scenario. Even with bailout, Greece faces crushing debtGreece will labor under a mountain of debt many analysts say is unsustainable, even after a bailout that will pump $170 billion into the country over three years. (Washington Post) [ Unsustainable debt … Sounds like America ( America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke…The government’s total indebtedness is $211 trillion’ ) . Greece reeling over deal on cuts Protesters flood the streets of Athens; leader fear new rules will worsen an already harsh recession (Washington Post) [ Death (of a nation) from a thousand cuts! This Is What An Economic Depression Looks Like In The 21stCentury http://albertpeia.com/21centurydepressiongreecedusup.htm Greek workers flood streets to protest deep austerity cuts Police and protesters clash after Greek leaders agree to deal in effort to help country avoid bankruptcy. (Washington Post) Check out this mind-numbing piigs reality ‘pictorial’ which doesn’t fall far from american home(y) reality http://albertpeia.com/europeandebtcrisispiigs.htm . I’m not quite sure what it’s going to be yet, but I’m sure there’ll be another meaning attached to the term, ‘getting greeked’. Greek leaders reach agreement on austerity measures to avoid default European Central Bank president announces breakthrough in efforts to resolve region’s ongoing crisis. (Washington Post) [ ‘The situation is getting more problematic for Greece day by day’Greece’s prime minister seeks rescue consensus amid political quarrels. (Washington Post) [ Indeed things are getting worse and in a manner of speaking now ‘B-B-B-B-Bad B-B-B-B-Bad B-B-B-B-Bad Bad to the bone’ (George Thorogood & the Destroyers’) Drudgereport: 2-7-12 Greece: 'There's no more left to cut'... , Greek Economy Implodes: Budget Revenues Tumble 7% In January On Expectation Of 9% Rise Durden 2-7-12 , Spiegel: "It's Time To End The Greek Rescue Farce"Durden 2-7-12 , Illusion of Recovery: Feelings Versus Facts The Burning Platform | The false storyline last week was the dramatic surge in new jobs. , China's Road to Becoming a Reserve Currency The Wall Street Journal , Yes, It Is Halftime In America – So Now Is The Time To Get Your Financial Priorities In Order ECB http://albertpeia.com/halftimeinamerica.htm , Why Is Global Shipping Slowing Down So Dramatically? ECB http://albertpeia.com/globalshipslowingdramatically.htm ‘If the global economy is not heading for a recession, then why is global shipping slowing down so dramatically? Many economists believe that measures of global shipping such as the Baltic Dry Index are leading economic indicators. In other words, they change before the overall economic picture changes. For example, back in early 2008 the Baltic Dry Index began falling dramatically. , Believe In A Return To The Gold Standard? You Are Now Officially An Extremist According To The FBI Durden 2-7-12

Greece Has No Idea What It’s Gotten Itself Into February 6th, 2012 http://gainspainscapital.com ‘Graham’s note: the following is an excerpt from a recent issue of my Private Wealth Advisory newsletter with some additional research I did on the economy of Greece.

The Greeks have no idea what they’ve gotten themselves into.

A few facts about Greece…

First off, demographics wise, Greece is a disaster.

Real Clear Markets shares the following facts.

Greece’s fertility rate is 1.3 children per women. This is nearly a full child below the “replacement rate”: the number of children needed to maintain the current population.

Greece’s population of 65 and over has soared from 11% in 1970 to 24% in 2010. It will hit 33% by 2050. Meanwhile, Greece’s working population will decline to 20% over the same time period.

Because of this, Greece spends 12% of its GDP on pensions.

As if this weren’t bad enough, the unemployment rate for Greeks aged 15-24 is 40%. For Greeks aged 24-34 it’s 22%. Imagine being a young person, not being able to find a job, and then knowing that huge percentage of your efforts (42%) are going to be taxed to fund all the crazy social welfare programs for Greece’s aging population. Small wonder that seven out of ten young Greeks want to work abroad and four of out ten are actively seeking work outside of Greece.

Also, it’s no surprise that those Greeks who do have jobs, don’t want to pay this massive tax load. Consider that the Greek working population is roughly seven million people. 95 percent of them declare annual income of less than 30,000 euros.

So that’s the situation in Greece. Terrible age demographics, an economy that’s in the toilet, and politicians who simply don’t get it.

Now let’s consider who’s actually got the cash to potentially help Greece from a default, and what they want in return.

We’re talking about Germany.

For most of the Greece Crisis, the supposed “saviors” were the IMF, the ECB, and Germany. That all changed in the last month. The IMF has called for more funds. Those funds aren’t coming. Remember, the IMF is largely a US-backed organization. And the US sure as heck won’t go for a US-backed bailout of Europe.

So the IMF is out of the picture in terms of helping Greece in any meaningful way.

Now, how about the ECB? Well Germany has told the ECB to its face that if it continues to monetize EU sovereign bonds that Germany will walk out on the Euro. So the ECB may continue to meddle in the bond market to avert a Crisis, but if it ever decides to publicly state it will be monetizing EU debt going forward, Germany’s out and the Euro implodes.

Which leaves Germany as the official backstop/ savior for Greece. And here’s how Germany recently address the IMF when the IMF asked Germany for help with the Greek situation.

Berlin resists pressure to give Greece more

Germany, the biggest and richest country in the euro zone, has provided the bulk of the funds for the bailouts of Ireland, Portugal and Greece. Now it is firmly rejecting calls to come up with yet more funds for Greece to compensate for any shortfalls in a debt relief deal with private creditors.

On Friday Foreign Minister Guido Westerwelle defended Berlin’s tough stance. The Greeks, he insisted, should show that they are willing to implement reforms before getting more money.

“We Germans do not expect from anyone in Europe more than what we are asking from our own citizens. We cannot explain to taxpayers in Germany that they have to do things that others do not want to do while at the same time asking for their money,” Westerwelle said in Brussels.

He pointed out that Germany had already come up over 200 billion euros ($262 billion) for the bailout funds. “It makes no sense” he said, to give more money to Greece, “if we don’t know whether the reforms which have been agreed upon will be really implemented.” He argued that coming up with more money just lessened the pressure to reform.

http://www.globalpost.com/dispatch/news/regions/europe/germany/120127/berlin-resists-pressure-give-greece-more

Diplomatically, this is about as close as Germany can come to telling the IMF to “stuff it.” Germany knows the IMF doesn’t have the funds and won’t be getting them (the IMF is primarily a US-backed entity and the US won’t stand for a US-backed European bailout).

Indeed, just a few days after Germany said “nein” to more Greece bailouts, it then threw the following suggestion out:

German proposal seeks EU commissioner with sweeping powers to directly control Greece’s budget

Germany is proposing that debt-ridden Greece temporarily cede sovereignty over tax and spending decisions to a powerful eurozone budget commissioner before it can secure further bailouts, an official in Berlin said Saturday.

The idea was quickly rejected by the European Union’s executive body and the government in Athens, with the EU Commission in Brussels insisting that “executive tasks must remain the full responsibility of the Greek government, which is accountable before its citizens and its institutions.”

http://www.washingtonpost.com/business/markets/german-proposal-seeks-eu-commissioner-with-sweeping-powers-to-directly-control-greeces-budget/2012/01/28/gIQAxHWgXQ_story.html

In plain terms, push has now to come shove in Europe. Germany permitted the ECB to implicitly monetize various EU sovereign nations’ debts during 2011 because Germany hadn’t yet taken the steps to prepare for a collapse of the EU.

It now has. In the last six months, Germany has:

1) Passed legislation permitting it to leave the Euro without leaving the EU.

2) Passed legislation permitting it to nationalize German banks during times of Crisis.

3) Demanded that German banks in general raise capital.

In plain terms, Germany is now prepared to walk if it has to. And it’s made its demands very clear: if you want German funds, you will need to give up fiscal sovereignty.

It’s also made it clear that it will tolerate neither the issuance of Eurobonds OR direct and open monetization by the ECB.

In other words, Germany has said “it’s our way or the highway.” True, this borders on an act of financial warfare, but in the end, Germany has never truly been interested in a monetary union so much as a political union.

Germany will not suffer inflation (they’ve seen how monetization works out, e.g. Weimar), nor internal discord (in November 78% of Germans thought the Euro would survive… by December 60% of them though the Euro was a “bad idea”.) Germany is going to look after its own domestic interests.

Put another way, if Greece wants to remain Greece it’s no getting any more funds and its bond markets will implode. The alternative is that if Greece wants German funds, it’s going to have to give up its fiscal sovereignty and essentially become a vassal state for Germany. End of story.

With that in mind, I believe the next round of the Euro Crisis is now at our doorstep. Indeed, this latest short-covering rally in the Euro (Euro shorts were at a record high) looks ready to end and reverse.

So if you think the EU Crisis is over, think again. True we’ve got until March 20^th for the Greek deal to be reached, but things have already gotten to the point that Germany has essentially issued its ultimatum. Either Greece hands over fiscal sovereignty, or it defaults in a BIG way…’

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

How Wall Street takes advantage of very confused Ivy League graduates COLUMN | Despite schools’ efforts to guide graduates into other fields, why do many still choose finance? (Washington Post) [ Confused? I’d say so. Incompetent? At the highest levels, there’s a plethora of samplings to be taken; ie., helicopter ben b.s. shalom bernanke : http://albertpeia.com/30bunglebenbernankequotes.htm , http://albertpeia.com/whathasthefeddone.htm , obama http://albertpeia.com/obamadeceptionhighqualityversion.flv , and the list goes on and on. But it’s not ‘finance’ that’s the culprit, per se. Rather, it’s the ‘go along to get along’ and as well, the resistance to owning up to messing up and being accountable that becomes problematic; and then comes the fraud friendly cover-ups which take on a life of their own. I’d say law is as bad and probably worse inasmuch as by oath, lawyers should know better … but they really don’t, and that’s so at the highest levels `http://albertpeia.com/fbimartinezcongallard.htm . Then, of course, there’s greed, which may motivate to initiate the fraud, but less often is the primary motivation for complicit cover-up. I invite attention to the great non-fiction book ‘Liar’s Poker’ by Michael Lewis from which one generally gleans the precarious mental state (`Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal ) of those infamous wall street bunch who’ve literally gotten away with crimes of such magnitude that it is doubtful the nation will ever quite recover from same. Having said that, to be fair, having had the opportunity to complete my MBA Thesis in Finance, 1977 at NYU GBA (evenings – I was just set to begin law school, evenings) with an Ivy Leaguer and expert in the fields of Finance / Economics including beyond academia; among the most eloquent, gifted, intelligent, balanced and impressively civilized people I’ve ever had occasion to come in contact with, viz., the great Dr. Robert A. Kavesh, I’m constrained to say that this one exceptional instance of a man is sufficient to rebut Mr. Klein’s premise and at the least, more Harvard grads should be encouraged to enter the field of Finance / Economics.

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

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

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

World’s largest banks may face downgrade Moody’s says it may lower the ratings of some of the world’s largest banks, including Citigroup, Bank of America, Goldman Sachs, JPMorgan and Morgan Stanley, on profitability concerns. (Washington Post) [ Profitability concerns? As the s*** hits the fan, and it will, there will again be solvency concerns! , Moody's may downgrade 17 banks, securities firms , , Li(e)borgate Set To Become "Next Big Litigation Thing" As Lawsuits Against Libor Banks Avalanche Tyler Durden 2-15-12 Last week we discussed the gradual unraveling of a topic we had been following for the past 3 years, namely the brazen and criminal manipulation in the Libor market, which directly and indirectly impacts a stunning $350 trillion worth of securities (and thus, their implied risk, and hence, prices). Today we are delighted to learn that the retribution against these banks who have been artificially representing to the market that they are in better condition than in reality (courtesy of Libor's "strict" self-reporting approach), are beginning to see lawsuits filed against them, with Schwab merely the latest out of the gate. And just as fraudclosure was the litigation topic of 2010 and 2011, sit down and watch as Li(E)borgate explodes into the biggest litigation pain for banks, with litigation expenses that could easily surpass both the robosigning scandal (and its robo-settlement) and the escalating banks Reps and Warranties scandal. Because as recent evidence confirms, there are likely emails proving manipulation exists black on white, as discussed last week. Which means that the case of Schwab, noted last summer by Reuters, is about to become a pandemic. , Complete Jeff Gundlach "Fall Of The [BLANK] Empire" SlideshowDurden 2-14-12 Your listened the call, now enjoy the Gundlach slides in the leisure of your own unrehypothecated concrete bunker, 50 feet below sea level A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm Any financial system that is based on debt is doomed to fail. Today, we are living in the greatest debt bubble that the world has ever seen … , Despite Two Thirds Of Components Declining, Empire Fed Prints At Highest Since June 2010 ZeroHedge | Chalk this one to “seasonal adjustments” or something, cause we no longer have any clue what is going on with the data fudging in America. , Dave’s Daily: http://www.etfdigest.com APPLE RUMORS & GREECE HALT RALLY February 15, 2012 , Inflation, Stealth Inflation, and How to Maintain Your Purchasing Power Against Both February 15th, 2012 http://gainspainscapital.com , A&G's AIG Moment Approaching: Moody's Downgrades Generali, Cuts Megainsurer Allianz Outlook To Negative Tyler Durden 2-15-12 , As Greece Crashes And Burns, Troika Arrives In Portugal With "Soothing Words Of Support" Tyler Durden 2-15-12 What is better than a one-front European war on insolvency? Why two-fronts of course , Guest Post: Bad Week For Freedom Tyler Durden 2-15-12 It was a bad week for freedom loving people, but I believe there are enough patriots left in this country to change our course. We are being buried under a blizzard of lies on a daily basis. We have a choice. We can support the existing corrupt crony capitalist establishment (Obama & Romney) or we can declare war on lies, deceit and misinformation by rallying behind the only person who would truly attempt to reverse decades of corruption, sleaze, incompetence, bloat, debt accumulation, and a warped version of free market capitalism – Ron Paul. He is the only public figure willing to level with the American people and tell them the truth. Will we let the concept of truth fade out of the world? The choice is ours. “In our age there is no such thing as ‘keeping out of politics.’ All issues are political issues, and politics itself is a mass of lies, evasions, folly, hatred and schizophrenia. The very concept of objective truth is fading out of the world. Lies will pass into history.” – George Orwell Biderman Beyond Baffled by B.O.'s Budget Durden 2-15-12 In his best Lewis Black impression, TrimTabs CEO Charles Biderman succinctly destroys the 'growth' myth behind Obama's budget plan as nothing but a handout and money-printing exercise in futility and drain-circling. Based on the $3.8tn budget plan, the TrimTabs truth-seeker notes that current government tax revenues are about $2.4tn, and growing at no more than $100bn each year, making the math surprisingly simple - we spend around $300bn per month and receive only $200bn with the missing $100bn to pay for the US government's largesse (income shortfall) coming from - 'printing money'. The spin is, of course, that revenues will somehow magically start to grow faster than spending and shrink the budget deficit. , The Hidden Taxes In Obama's Budget Tyler Durden 2-15-12. Rumor Regurgitation Time: China To The Rescue... All Over Again Durden 2-14-12 In case one is wondering what lit a fire under the EURUSD and the ES' ass in the past 30 minutes, why it is the trusty old fall back - China, to which all algos respond every single time like stung donkeys as if on command. Because just as the EURUSD was about to retrace the lows as the realization that the EOD rumor was nothing but an infrared herring, something else had to step in an continue to rumor-based levitation. , David Rosenberg - "Let's Get Real - Risks Are Looming Big Time" Durden 2-14-12 Earlier, you heard it from Jeff Gundlach, whom one can not accuse (at least not yet) of sleeping on his laurels and/or being a broken watch, who told his listeners to "reduce risk right now" especially in the frenzied momo stocks. Now, it is David Rosenberg's turn who tries to refute the presiding transitory dogma that 'things are ok" and that a Greek default will be contained (no, it won't be, and if nobody remembers what happened in 2008, here is a reminder of everything one needs to know ahead of the "controlled", whatever that is, Greek default). Alas, it will be to no avail, as one of the dominant features of the lemming herd is that it will gladly believe the grandest of delusions well past the ledge. On the other hand, they don't call it the pain trade for nothing. Infographic: Visualizing The True Cost Of War Durden 2-14-12 http://albertpeia.com/costofwar.jpg While we have shown some quite fascinating infographics (here and here) from the folks at Demonocracy, this one may be the most informative. Because while everyone knows by now that if the global "bailout" to preserve the insolvent ponzi were to be paid in crisp, physical $100 bills, the amount of money required would fill countless skyscrapers, and only pales compared to the the amount of money needed to fund the insolvent welfare state which at last check was at over a quarter of a quadrillion, it is another less appreciated aspect of the daily US spending routine that is arguably just as big an offender when it comes to endless wanton spending: the cost of war. Below we present just that, in a series of simple, easy to understand charts that even Nobel peace prize winners should grasp.Many Of You Will Not Believe Some Of The Things Americans Are Doing Just To Survive http://albertpeia.com/survivinginamerica.htm ‘You might not want to read this article if you have a weak stomach. Most Americans have absolutely no idea what is going on in the dark corners of America, and when people find out the truth it can come as quite a shock. Many of you will not believe some of the things Americans are doing just to survive. Some families are living in sewers and drain tunnels, some families are living in tents, some families are living in their cars, some families will make ketchup soup for dinner tonight and some families are even eating rats. Some homeless shelters in America are so overloaded that they are actually sending people out to live in the woods. As you read this, there are close to 50 million Americans that are living below the poverty line, and that number rises a little bit more every single day. America was once known as the greatest nation on earth, but now there is decay and economic despair almost everywhere you look. Yes, money certainly cannot buy happiness, but the lack of it sure can bring a lot of pain. As the economy continues to decline, the suffering that we see all around us is going to get a lot worse, and that is a very frightening thing to think about.The following is a half hour documentary produced by the BBC entitled "Poor America". Trust me, this is a must watch. Your heart will break as you hear some American children talk about what they have to do forfood ... http://www.youtube.com/watch?feature=player_embedded&v=suJCvkazrTc , Guest Post: Wall Street Has A Sad :-( Durden 2-14-12 Michael “Moneyball” Lewis was the first one to, er, expose us to the term Big Swinging Dick. His his first novel, Liar’s Poker, was full of them. The BSDs were the guys on the trading floor who brought more rain than El Niño. But the BSDs have gone a little soft now. Even the famous Wall Street bull has been caged. And some, like number one banking fanboi Dick Bove say that bankers been “castrated” altogether by new regulation. Regulation which many argue does not go far enough. Regardless, the Masters of the Universe suddenly find themselves feeling the pain that many of the rest of us have been feeling for the past four years. Only their ways of coping with it are a little different than what you might expect. US stocks fall as Greek talks lumber; Apple falls , Fed's Fisher Dismisses QE3 as 'Wall Street Fantasy' The Wall Street Journal , STOCKS FINALLY DIVE, TEMPERS EXPLODE IN EUROPE: Here's What You Need To KnowBusiness Insider , Market Recap: Stocks Slip as Greek Bailout Decision PostponedWall St. Cheat Sheet , Obama Cites Rising Gas Prices – Up 83 Percent Under His Tenure – Among Reasons to Extend Payroll Tax Cut CNS News , The Federal Reserve’s Explicit Goal: Devalue The Dollar 33% Business Insider

The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm ] Full moon has previously helped keep the contraindicated lunatics’ huge suckers’ rally going with across the board media et als complicity (infra). But not quite today as reality catches up somewhat, though only slightly less than typical suckers’ surge into the close off lows. This will all end quite badly and is much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles. { http://albertpeia.com/todaysummarybuslinks21512.htm - today’s links only – scroll down as well for today’s links and for more complete context – Encouraged! } This global suckers’ rally is based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare (which is being injected sub rosa, see infra), bad news, fraud, b***s***, and desperation alone, as suckers’ rallies ushered in the new year in a most preposterous fashion [Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’ for the superstitious so-called ‘January effect’ based on based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, b***s***, and desperation alone to suck suckers in and keep suckers sucked in! Don’t be their fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s using the up moves to reduce risk assets / stocks / exposure, in other words, he’s selling the rallies which is sound advice. The fundamentals/realities, current and prospective, are worse than ever. There are no systems/formulas for these unprecedentedly dire times. Don’t be their sucker! This is an especially great opportunity to sell / take profits because there’s much, much worse to come! Here’s a simple chart of the Dow’s history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als.] with lingering intoxication an explanation as the printing presses and issuance of worthless insurmountable debt paper are in full throttle globally (a testament to global blindness as the blind follow the blind) making this impending disaster at this time an especially great opportunity to sell / take profits because there’s much, much worse to come! jersey-lautenberg based adp with 100% better than expectations private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce department data? Labor dept. ue claims / ue numbers? Only a fool believes what they say! ( After One Month Respite, Pink Slips Are Flying Again Durden , Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Durden on 01/06/2012 .. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg , ) The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , ‘…technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57…’ , The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm Why earnings will continue to decline MarketWatch , 10 Things That Every American Should Know About The Federal Reserve Eco.Coll.Blog http://albertpeia.com/10thingsmustknowaboutfedreserve.htm #1 The Federal Reserve System Is A Privately Owned Banking Cartel #2 The Federal Reserve System Is A Perpetual Debt Machine #3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar #4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability #5 The Federal Reserve Is Paying Banks Not To Lend Money #6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging #7 The Federal Reserve System Is Dominated By The Big Wall Street Banks #8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913 #9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence #10 The Federal Reserve Has Become Way Too Powerful , A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm Any financial system that is based on debt is doomed to fail. Today, we are living in the greatest debt bubble that the world has ever seen …

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

Lawmakers reach deal on $150B economic plan Negotiators sign off early this morning on plan that includes a 10-month extension of a payroll tax holiday that lets the average worker keep an extra $1,000 a year. A vote could come as early as Friday. ‘It’s morning in America’ (Washington Post) [ It is mourning in america, spelled m_o_u_r_n_i_n_g in america, just as there’s mourning in greece et als with the inevitability in america slightly behind the curve. Not because of this; I’m truly glad for those in receipt of the money that’s not really there. After all, between the unprosecuted frauds corruption in the trillions coming from what’s not really there, why not? Actually, it’s owing to what’s previously been done and not done which adds a certitude to the unfolding disaster of the pols et als’ making. Yes, bad times are indeed coming to america; and, that is the only thing you can and should be taking to the bank. Biderman Beyond Baffled by B.O.'s Budget Durden 2-15-12 In his best Lewis Black impression, TrimTabs CEO Charles Biderman succinctly destroys the 'growth' myth behind Obama's budget plan as nothing but a handout and money-printing exercise in futility and drain-circling. Based on the $3.8tn budget plan, the TrimTabs truth-seeker notes that current government tax revenues are about $2.4tn, and growing at no more than $100bn each year, making the math surprisingly simple - we spend around $300bn per month and receive only $200bn with the missing $100bn to pay for the US government's largesse (income shortfall) coming from - 'printing money'. The spin is, of course, that revenues will somehow magically start to grow faster than spending and shrink the budget deficit. , A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm Any financial system that is based on debt is doomed to fail. Today, we are living in the greatest debt bubble that the world has ever seen …, ( America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke…The government’s total indebtedness is $211 trillion’ ) , Many Of You Will Not Believe Some Of The Things Americans Are Doing Just To Survive http://albertpeia.com/survivinginamerica.htm ‘You might not want to read this article if you have a weak stomach. Most Americans have absolutely no idea what is going on in the dark corners of America, and when people find out the truth it can come as quite a shock. Many of you will not believe some of the things Americans are doing just to survive. Some families are living in sewers and drain tunnels, some families are living in tents, some families are living in their cars, some families will make ketchup soup for dinner tonight and some families are even eating rats. Some homeless shelters in America are so overloaded that they are actually sending people out to live in the woods. As you read this, there are close to 50 million Americans that are living below the poverty line, and that number rises a little bit more every single day. America was once known as the greatest nation on earth, but now there is decay and economic despair almost everywhere you look. Yes, money certainly cannot buy happiness, but the lack of it sure can bring a lot of pain. As the economy continues to decline, the suffering that we see all around us is going to get a lot worse, and that is a very frightening thing to think about.The following is a half hour documentary produced by the BBC entitled "Poor America". Trust me, this is a must watch. Your heart will break as you hear some American children talk about what they have to do forfood ... Despite Two Thirds Of Components Declining, Empire Fed Prints At Highest Since June 2010 ZeroHedge | Chalk this one to “seasonal adjustments” or something, cause we no longer have any clue what is going on with the data fudging in America. , Dave’s Daily: http://www.etfdigest.com APPLE RUMORS & GREECE HALT RALLY February 15, 2012 , Inflation, Stealth Inflation, and How to Maintain Your Purchasing Power Against Both February 15th, 2012 http://gainspainscapital.com , A&G's AIG Moment Approaching: Moody's Downgrades Generali, Cuts Megainsurer Allianz Outlook To Negative Tyler Durden 2-15-12 , As Greece Crashes And Burns, Troika Arrives In Portugal With "Soothing Words Of Support" Tyler Durden 2-15-12 What is better than a one-front European war on insolvency? Why two-fronts of course , Guest Post: Bad Week For Freedom Tyler Durden 2-15-12 It was a bad week for freedom loving people, but I believe there are enough patriots left in this country to change our course. We are being buried under a blizzard of lies on a daily basis. We have a choice. We can support the existing corrupt crony capitalist establishment (Obama & Romney) or we can declare war on lies, deceit and misinformation by rallying behind the only person who would truly attempt to reverse decades of corruption, sleaze, incompetence, bloat, debt accumulation, and a warped version of free market capitalism – Ron Paul. He is the only public figure willing to level with the American people and tell them the truth. Will we let the concept of truth fade out of the world? The choice is ours. “In our age there is no such thing as ‘keeping out of politics.’ All issues are political issues, and politics itself is a mass of lies, evasions, folly, hatred and schizophrenia. The very concept of objective truth is fading out of the world. Lies will pass into history.” – George Orwell, The Hidden Taxes In Obama's Budget Tyler Durden 2-15-12 , Moody's may downgrade 17 banks, securities firms , US stocks fall as Greek talks lumber; Apple falls , Fed's Fisher Dismisses QE3 as 'Wall Street Fantasy' The Wall Street Journal , STOCKS FINALLY DIVE, TEMPERS EXPLODE IN EUROPE: Here's What You Need To KnowBusiness Insider , Market Recap: Stocks Slip as Greek Bailout Decision PostponedWall St. Cheat Sheet , Obama Cites Rising Gas Prices – Up 83 Percent Under His Tenure – Among Reasons to Extend Payroll Tax Cut CNS News , The Federal Reserve’s Explicit Goal: Devalue The Dollar 33% Business Insider , Li(e)borgate Set To Become "Next Big Litigation Thing" As Lawsuits Against Libor Banks Avalanche Tyler Durden 2-15-12 Last week we discussed the gradual unraveling of a topic we had been following for the past 3 years, namely the brazen and criminal manipulation in the Libor market, which directly and indirectly impacts a stunning $350 trillion worth of securities (and thus, their implied risk, and hence, prices). Today we are delighted to learn that the retribution against these banks who have been artificially representing to the market that they are in better condition than in reality (courtesy of Libor's "strict" self-reporting approach), are beginning to see lawsuits filed against them, with Schwab merely the latest out of the gate. And just as fraudclosure was the litigation topic of 2010 and 2011, sit down and watch as Li(E)borgate explodes into the biggest litigation pain for banks, with litigation expenses that could easily surpass both the robosigning scandal (and its robo-settlement) and the escalating banks Reps and Warranties scandal. Because as recent evidence confirms, there are likely emails proving manipulation exists black on white, as discussed last week. Which means that the case of Schwab, noted last summer by Reuters, is about to become a pandemic. , Complete Jeff Gundlach "Fall Of The [BLANK] Empire" SlideshowDurden 2-14-12 Your listened the call, now enjoy the Gundlach slides in the leisure of your own unrehypothecated concrete bunker, 50 feet below sea level.Rumor Regurgitation Time: China To The Rescue... All Over Again Durden 2-14-12 In case one is wondering what lit a fire under the EURUSD and the ES' ass in the past 30 minutes, why it is the trusty old fall back - China, to which all algos respond every single time like stung donkeys as if on command. Because just as the EURUSD was about to retrace the lows as the realization that the EOD rumor was nothing but an infrared herring, something else had to step in an continue to rumor-based levitation. , David Rosenberg - "Let's Get Real - Risks Are Looming Big Time" Durden 2-14-12 Earlier, you heard it from Jeff Gundlach, whom one can not accuse (at least not yet) of sleeping on his laurels and/or being a broken watch, who told his listeners to "reduce risk right now" especially in the frenzied momo stocks. Now, it is David Rosenberg's turn who tries to refute the presiding transitory dogma that 'things are ok" and that a Greek default will be contained (no, it won't be, and if nobody remembers what happened in 2008, here is a reminder of everything one needs to know ahead of the "controlled", whatever that is, Greek default). Alas, it will be to no avail, as one of the dominant features of the lemming herd is that it will gladly believe the grandest of delusions well past the ledge. On the other hand, they don't call it the pain trade for nothing. Infographic: Visualizing The True Cost Of War Durden 2-14-12 http://albertpeia.com/costofwar.jpg While we have shown some quite fascinating infographics (here and here) from the folks at Demonocracy, this one may be the most informative. Because while everyone knows by now that if the global "bailout" to preserve the insolvent ponzi were to be paid in crisp, physical $100 bills, the amount of money required would fill countless skyscrapers, and only pales compared to the the amount of money needed to fund the insolvent welfare state which at last check was at over a quarter of a quadrillion, it is another less appreciated aspect of the daily US spending routine that is arguably just as big an offender when it comes to endless wanton spending: the cost of war. Below we present just that, in a series of simple, easy to understand charts that even Nobel peace prize winners should grasp. http://www.youtube.com/watch?feature=player_embedded&v=suJCvkazrTc , Guest Post: Wall Street Has A Sad :-( Durden 2-14-12 Michael “Moneyball” Lewis was the first one to, er, expose us to the term Big Swinging Dick. His his first novel, Liar’s Poker, was full of them. The BSDs were the guys on the trading floor who brought more rain than El Niño. But the BSDs have gone a little soft now. Even the famous Wall Street bull has been caged. And some, like number one banking fanboi Dick Bove say that bankers been “castrated” altogether by new regulation. Regulation which many argue does not go far enough. Regardless, the Masters of the Universe suddenly find themselves feeling the pain that many of the rest of us have been feeling for the past four years. Only their ways of coping with it are a little different than what you might expect.

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

Jobless claims drop to 4-year low Number of people seeking unemployment benefits fell last week, the latest signal that the job market is steadily improving. (Washington Post) [ Oh come on! Spare us the election-year b***s*** / scam! http://albertpeia.com/governmentfraudulentemploymentstats.htm , Young Adults Jobless And Living At Home With Mom And Dad? http://albertpeia.com/joblesslivinhome.htm , January Gas Prices At All-Time Highs Tyler Durden 2-14-12 , 20 Things We Can Learn About The Future Of America From The Death Of Detroit http://albertpeia.com/20thingshellholeamericasfuturedeathofdetroit.htm , Midday Market Report: Poor Retail Sales Drag Down Equities Minyanville , The Triumvirate of Wall Street/ The Fed/ and the White House is Beginning to Crumble February 14th, 2012 ‘The Obama administration, as it pursues re-election in 2012, is doing all it can to claim that the US economy is in fact not quite as bad as previously thought. One of the tactics is to massage GDP and jobs data. True, this practice has been in place for over a decade, but the recent January jobs report from the BLS has set, shall we say, a new high-water mark for “adjustments.” According to the BLS, we ADDED 243,00 jobs that month. That’s an odd claim given that the BLS admits, in the very same report, that without adjustments, the US actually LOST 2.69 MILLION jobs in JanuaryThis is roughly a discrepancy of 3 MILLION jobs. Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Durden on 01/06/2012 .. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg , ) The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge )

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

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

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

Tapping banks for TARP’s tab Banks should not have to pay for an auto industry bailout. (Washington Post) [ Wow! Now, let’s not get maudlin and sentimental over the banks having to pay for bailouts. After all, they’ll be new frauds they can use with wall street’s inexticable complicity along with the corrupt governmental powers that be to concoct new frauds or continue old ones to pay for same. Then as well, there’s the current QE sub rosa which is just terrific for the banks and which everyone’s paying for anyway because in the last analysis, there’s no free lunch. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm ] Full moon has previously helped keep the contraindicated lunatics’ huge suckers’ rally going with across the board media et als complicity (infra). But not quite today as reality catches up somewhat, though typical suckers’ surge into the close off lows. This will all end quite badly and is much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles. This global suckers’ rally is based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare (which is being injected sub rosa, see infra), bad news, fraud, b***s***, and desperation alone, as suckers’ rallies ushered in the new year in a most preposterous fashion [Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’ for the superstitious so-called ‘January effect’ based on based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, b***s***, and desperation alone to suck suckers in and keep suckers sucked in! Don’t be their fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s using the up moves to reduce risk assets / stocks / exposure, in other words, he’s selling the rallies which is sound advice. The fundamentals/realities, current and prospective, are worse than ever. There are no systems/formulas for these unprecedentedly dire times. Don’t be their sucker! This is an especially great opportunity to sell / take profits because there’s much, much worse to come! Here’s a simple chart of the Dow’s history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als.] with lingering intoxication an explanation as the printing presses and issuance of worthless insurmountable debt paper are in full throttle globally (a testament to global blindness as the blind follow the blind) making this impending disaster at this time an especially great opportunity to sell / take profits because there’s much, much worse to come! jersey-lautenberg based adp with 100% better than expectations private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce department data? Labor dept. ue claims / ue numbers? Only a fool believes what they say! ( After One Month Respite, Pink Slips Are Flying Again Durden , Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Durden on 01/06/2012 .. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg , ) The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , ‘…technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57…’ , The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm Why earnings will continue to decline MarketWatch , 10 Things That Every American Should Know About The Federal Reserve Eco.Coll.Blog http://albertpeia.com/10thingsmustknowaboutfedreserve.htm #1 The Federal Reserve System Is A Privately Owned Banking Cartel #2 The Federal Reserve System Is A Perpetual Debt Machine #3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar #4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability #5 The Federal Reserve Is Paying Banks Not To Lend Money #6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging #7 The Federal Reserve System Is Dominated By The Big Wall Street Banks #8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913 #9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence #10 The Federal Reserve Has Become Way Too Powerful , News Flash: The Rally Is Over…For Now The Wall Street Journal 2-10-12 ‘..That’s enough of a pullback for Mr. Arbeter to call a near-term top. He sees the S&P 500 tumbling into the 1290 to 1320 range by early March, with tech stocks as the ”most overbought and vulnerable to some profit taking.”..’ , This Is What An Economic Depression Looks Like In The 21st Century http://albertpeia.com/21centurydepressiongreecedusup.htm 2-10-12 , Macroeconomic problems will not go away MarketWatch , S&P Downgrades 34 Of 37 Italian Banks - Full Statement Durden , The Great Squeeze: Asset Prices Will Fall, While the Cost of Living Will Rise February 13th, 2012 http://gainspainscapital.com , The next Black Swan is coming (Updated)at MarketWatch By Cody Willard … CBO Solution to Budget Crisis – Everyone Bend Over! , Young Adults Jobless And Living At Home With Mom And Dad? http://albertpeia.com/joblesslivinhome.htm , January Gas Prices At All-Time Highs Tyler Durden 2-14-12 , 20 Things We Can Learn About The Future Of America From The Death Of Detroit http://albertpeia.com/20thingshellholeamericasfuturedeathofdetroit.htm , Midday Market Report: Poor Retail Sales Drag Down Equities Minyanville , The Triumvirate of Wall Street/ The Fed/ and the White House is Beginning to Crumble February 14th, 2012 ‘The Obama administration, as it pursues re-election in 2012, is doing all it can to claim that the US economy is in fact not quite as bad as previously thought. One of the tactics is to massage GDP and jobs data. True, this practice has been in place for over a decade, but the recent January jobs report from the BLS has set, shall we say, a new high-water mark for “adjustments.” According to the BLS, we ADDED 243,00 jobs that month. That’s an odd claim given that the BLS admits, in the very same report, that without adjustments, the US actually LOST 2.69 MILLION jobs in JanuaryThis is roughly a discrepancy of 3 MILLION jobs. , MOODY'S Downgrades Italy, Portugal; Changes Outlook on France, UK to Negative... ,Rating Agencies vs Reggie Middleton Augmented Reality, Part 1 : Reggie Middleton : 02/14/2012 It's getting to the point where the rating agencies are so far behind the reality curve that they are putting the system at risk again, and again, and again... , Jeff Gundlach Live Webcast On "The Decline And Fall Of The Roman Empire" Tyler Durden 2-14-12 , Market Spike Driven By Latest Bout Of Idiocy Out Of Greece Tyler Durden 2-14-12 Wondering why the market just viagra'ed up to green on absolutely nothing? , Juncker Buries Hopes Of An "Imminent" Greek Deal, EURUSD Sliding Tyler Durden 2-14-12 , Jim Grant On Gold-Backed Bonds And 'The Hope Leeches' Tyler Durden 2-14-12 , "Uh, Marriner Eccles: We Have A Problem" - Obama Predicts He Will Breach Debt Ceiling Two Months Before Election Tyler Durden 2-14-12 , Guest Post: It's Not Just Gasoline Consumption That's Tanking, It's All Energy Tyler Durden 2-14-12 , Financial Illiteracy Widespread In America Forbes Robert Lenzner , EU Says Many Members Vulnerable Feb 14th, 2012 (The Wall Street Journal) , 2012 Update: What Part III of the financial crisis will look like http://pro.stansberryresearch.com/1011PSIENDVD/PPSIN223 http://albertpeia.com/WARNINGfromPorterStansberry.htm , Why Did Economists Get It So Wrong in 2011? The Wall Street Journal , Guest Post: Charting The Federal Reserve's Assets - 1915-2012 Durden 2-12-12 ‘…the Fed has degenerated from a by and large passive institution (dealing only in high-quality self-liquidating commercial paper and gold) to an active pursuant of junk, an enabler of wars, a ‘benevolent’ combatant of the depressions of its own creation…’ , Average Gasoline Price Jumps To Highest In 5 Months Durden 2-12-12 , Athens Burning As Police Runs Out Of Tear Gas Durden 2-12-12 , Unemployment, Foreclosures, Rising Debts and Despair: AMERICA’S SOCIAL CRISIS Bob Chapman | 2012 is going to be a difficult year… , Leading Economist: “We’re In a No Win Situation… This Is End of the World Type Stuff” *Video* Mac Slavo | This is an interview that shouldn’t be missed. , Is Greek Side Deal With Finland On Bailout Collateral About To Kill Greek Rescue Again? Durden 2-13-12 , European Financials At Worst Levels In Two Weeks Durden 2-13-12 , Guest Post: The First Dominoes: Greece, Reality, And Cascading Default Durden 2-13-12 , The Daily Market Report Feb 13th, 2012 News The Cradle of Western Civilization Burns (USAGOLD) , Athens Burns: buildings on fire as chaos, riots flare up RT | Technocrats are failing miserably, as Greece realizes it has been completely looted by Euro bankers, Mortgage Settlement Will Plunge Real Estate Values Greg Hunter | It is official. State and federal governments have condoned forgery, perjury and fraud , Is Okun's Law The Latest Casualty Of Central Planning...And BLS Seasonal Adjustments Durden 2-13-12 Okun's rule-of-thumb relates the long-term empirical finding that a country's unemployment rate is closely related to a country's output (or GDP) - perfectly sensible and comprehensible. In fact to be a little more explicit, it is the change in unemployment that is more notable in its relationship to the potential GDP (the output gap). His original work noted that a 3% increase in output corresponds to a 1% decline in unemployment rates (and/or rise in labor force participation, rise in hours worked, and rise in labor productivity) but as Goldman Sachs notes this week, Okun's Law has broken. As they point out, even though US real GDP growth has averaged a meager 2.5% pace since the end of the recession, the unemployment rate has fallen almost two percentage points from its peak. There are three implications, in our view: the unemployment rate is hopelessly miscalculated (and is much higher); potential growth is much lower than economists have been expecting (not such good news for real growth); and the multiplier effect of money has dropped structurally (in other words the implied money flow from more workers is not circulating the way it empirically has to juice growth). It seems to us that none of these are good for growth as the reality of a higher unemployment rate (BLS adjustments aside) is negative, lower potential for growth impacts earnings expectations (as we are already seeing in company and analyst outlooks which has perplexed those market watchers pinning their hopes on the jobless rate), and the balance sheet recessionary impacts of the 'employed' minimizing debt rather than maximizing potential gain is a further drag. Either way, as Goldman notes the potential growth rate going forward (2012 and 2013) is likely to remain quite weak, in the neighborhood of 2% in line with the CBO's dismal views and this could be further exacerbated by the drop in labor force participation we have noted vociferously. , Dave’s Daily: http://www.etfdigest.com ACCIDENT-PRONE MARKETS February 10, 2012 ‘With volume remaining holiday light and many indicators signaling overbought conditions, we’ve suggested markets were an accident waiting to happen… , Taxpayers Are Owed $133B From Bailouts http://video.foxbusiness.com/v/1416049583001/taxpayers-are-owed-133b-from-bailouts/?playlist_id=87093 , Investors Take Note: A Seismic Shift Has Begun in China… February 10th, 2012 http://gainspainscapital.com , Anxiety over incomes hits consumer morale , The Epic Farce Continues - US Attorneys General "Robosigned" A Foreclosure Settlement Which Does Not Exist Durden , Proof Of LTRO Bank Stigma, Or Why Mario Draghi Is Lying Durden , Obama Revises CBO Deficit Forecast, Predicts 110% Debt-To-GDP By End Of 2013, Worse Deficit In 2012 Than 2011 Durden , Ben Bernanke FTMFW Quote Of The Day Durden And the winner is... BERNANKE: HOUSING MAY NO LONGER BE VIEWED AS SECURE INVESTMENT … Here are some other pearls of ‘is dumb’ from helicopter ben b.s. shalom bernanke : http://albertpeia.com/30bunglebenbernankequotes.htm , Manipulation And Abuse Confirmed In $350 Trillion Market Durden Just over three years ago, Zero Hedge first pointed out some dramatically meaningless inconsistencies in one of the world's most important numbers (which also happens to be "self-reported" and without any checks and balances) - the London Interbank Offered Rate, better known as LIBOR, which is the reference rate of a rather large market. Following that, we made a stronger case that the Libor, should really be abbreviated to LiEbor in "On the Uselessness of Libor" from June 2009, which alleged that this number is essentially manipulated, potentially with malicious intent. That alone got us a very unhappy retort from the British Banker Association (BBA) which is the banker-owned entity set to "determine" what the daily Libor fixing is based on how banks themselves tell us their liquidity conditions are. Well, as has been getting more and more obvious over the past two years, our allegations were 100% correct, and have now manifested in a series of articles digging through the dirt, manipulation and outright crime behind this completely fabricated number. And yet this should be the most aggravated offence in the capital markets, because LIBOR just so happens is the primary driver in determining implicit risk as a reference rate for $350 trillion worth of financial products. That's right - that one little number, now thoroughly discredited, has downtstream effects on $350,000,000,000,000.00 worth of notional assets. That's a lot. And while we are confident that nobody will ever go to prison for LIBOR fraud, which has explicitly been leading investors and speculators alike to believe that risk is far lower than where it truly is… , All The World’s Gold by News (NumberSlueth) http://albertpeia.com/gold.jpg , [ AP: I personally believe significant amounts of american gold reseves have been looted, amounts misstated consistent with the typical patterns of fraud / theft endemic to america in these rather grim, desperate times accompanied by pervasive fraud and corruption. ] , University of Michigan consumer sentiment (prelim) fell to 72.5 in Feb, below market expectations of 74.0, vs 75.0 Jan. , Violence erupts as Greece ponders tough terms for new bailout , US trade gap widened to -$48.8 bln in Dec, near expectations of -$48.0 bln, vs -$47.06 bln in Nov. , MARKETS SINK AND GREECE IS FALLING APART: Here's What You Need To Know Business Insider , Unemployment, Foreclosures, Rising Debts and Despair: AMERICA’S SOCIAL CRISIS Bob Chapman | 2012 is going to be a difficult year , 2-10-12 Leading Economist: “We’re In a No Win Situation… This Is End of the World Type Stuff” *Video* Mac Slavo | This is an interview that shouldn’t be missed http://www.prisonplanet.com/leading-economist-%E2%80%9Cwe%E2%80%99re-in-a-no-win-situation%E2%80%A6-this-is-end-of-the-world-type-stuff%E2%80%9D-video.html , David Rosenberg: Bearish And Sticking To It The Wall Street Journal ’ Rosenberg: We have had three years of fiscal deficits around 10% of GDP. That’s the sort of red ink generally reserved for world wars. We have zero percent policy rates now for three years and a pledge for another three, and on top of that, a central bank that has blown out its balance sheet to a level that is now equivalent to 20% of GDP. With this massive government incursion, wouldn’t it make sense that the economy would have at least some modest growth? The question will ultimately be answered down the road as to how things look when all this largess unwinds — at some point, the piper gets paid. Rosenberg goes on to describe how the economy’s dependence on government intervention …The economy is sucking off Uncle Sam’s teat — that is the primary source of this seemingly resilient economy. Over the past two years, the American public’s reliance on public funds (housing goodies, expanded welfare, food stamps, extended jobless benefits and other subsidies) has surged 7.5% to 23% (67 million people supported). This metric usually goes down after recessions end — but not this time. And to put it all in perspective, in the severe 1981-82 recession, there was only a 6% increase (and then it fell sharply). So you may want to call the economy “resilient”, but keep in mind that it is still being heavily medicated’ , Dave’s Daily: http://www.etfdigest.com SLOW ASCENT FOR MARKET CONTINUES February 09, 2012 ‘Jobless Claims (358K vs 370K expected) continued to show some improvement but inside the numbers was one standout data point—there was no gain in “new hires”. So we’re still just seeing people falling off the roles , Naked Capitalism Thursday, February 9, 2012The Top Twelve Reasons Why You Should Hate the Mortgage Settlement Yves Smith , DJ EU CRISIS ROAD MAP: Key Milestones Ahead http://www.dowjones.com/products/djfxtrader/articles/EUCRISISROADMAPKeyMilestonesAhead0209.asp
February 9, 2012 , Infographic: Presenting A World Covered In (Hundred Dollar Bill) Debt Durden 2-9-12 http://albertpeia.com/europeandebtcrisispiigs.htm Our friends at Demonocracy have once again surpassed themselves, and have followed up the infographic showing the truckloads of cash that are needed to rescue the insolvent PIIGS, with this masterpiece which, while making the naive assumption that debt is represented by physical paper (when it is nothing but a bunch of electronic ones and zeros stored in various computers around the world), presents in gloriously visual terms precisely what the literal debt burden of the world's would look like expressed in piles of one hundred dollar bills. The result is quite stunning... , Guest Post: Stop The (Printing) Press!.... If Only We Could Durden 2-9-12 , Calm Before The Storm? Credit Plunges As VIX Futures Jump Most In 2 Months Durden 2-9-12 , Is The Foreclosure Settlement A Shadow Bailout For Broke California Durden 2-9-12 , Guest Post: Self-Interest And The Pathology Of Power: The Corruption Of America Part 2 Durden 2-9-12 The Power Elites' time-honored strategy to protect their own wealth and grip on power has three components: one is to pursue a strategy of pervasive, ceaseless propaganda to persuade the productive classes that the system is sound, fair and working for them; the second is to fund diversionary "bread and circuses" for the potentially troublesome lower classes, and the third is to harden the fiefdoms of power and wealth into an aristocracy that is impervious to the protests of debt-serfs and laborers below. In addition to "the system is working for you" social control myth, the wealth/power aristocracy also invokes various fear-based social control myths: external enemies are threatening us all, so ignore your debt-serfdom and powerlessness, etc… , Is A Greek Uncontrollable Default Inevitable? Durden 2-9-12 It seems … , Money, Money, Everywhere Durden 2-9-12 FX Concepts' John Taylor is out with today's slam dunk de-noisification of all that is irrelevant with the following summary of what is really going on as the world's central banks embark on the latest and hopefully final attempt to reliquify everything. All we can add to Taylor's analysis, especially in light of today's incremental easing in ECB collateral requirements, is that the biggest beneficiary by far of what in a few months will be another multi-trillion balance sheet expansion, is and continues to be hard, non-dilutable, i.e., real, money. Because as fiat currency loses all relevance in a world in which it is printed on a daily basis by the central banks, whether or not we end up with a Weimar scenario, the cash thrown out by the even profitable companies will be increasingly more meaningless. , Economists Surprised Again By Unemployment Claims, Should Not Have Been : ilene : 02/09/2012 - 21:37 Lots of motion, little progress. , Drudgereport: WIRE: Foreclosure Deal to Spur Home Seizures... , Israel teams with terror group to kill Iran’s nuclear scientists, U.S. officials tell NBC News NBC News | The group is financed, trained and armed by Israel’s secret service. , The High Cost of 0% Rate Feb 8th, 2012 (24hGold) — The interminable extension by the US Federal Reserve on the 0% rate into 2014 represents history in the making. It is the adoption of pure heresy in monetary policy, making it mainstream. Worse, it forces foreign central banks to adopt the same destructive policy in the Competing Currency War. Once upon a time, the highest priests from the central bank would admit in a guiding tone that accommodation on interest rates must be temporary. Nowadays it is engrained in the market mindset and permanent in monetary policy. The chronic 0% means the entire financial and monetary system is totally irreparably broken…’ , Dollar and America on the Road to Ruin Greg Hunter 2-8-12 By Greg Hunter’s USAWatchdog.com (revised) ‘In the last week or so, I’ve noticed an unusual amount of really well written and researched articles warning of impending doom and financial horror. These articles are not written by a bunch of angry uneducated bloggers but by money managers, investors and financial writers. All are people who got it right leading up to the meltdown of 2008, and my bet is they are right again. The mainstream media (MSM) told you after the 2008 crash, “Nobody saw that coming,” which is a bold faced lie that will not work again…, Kiss Hopes Of Chinese Easing Goodbye: January Inflation In China Soars To Highest Since October Durden 2-8-12 , Are Government Unions Out Of Control? An Infographic Durden 2-8-12 , Greek Meeting Ends Without Conclusion: LAOS Head Refuses To Sign Deal Durden 2-8-12 , Diamond Foods Fires CEO, CFO After Audit Committee Finds Books Have Been "Cooked" For The Past Two Years Durden 2-8-12 First, small momo-favorite companies. Next: entire nations. Finally: the all-seeing, all-dancing central banks…, Bill Gross Explains The European Ponzi Durden 2-8-12 Not like it is news, but... Out of one pocket, into another…, S&P Threatens US With Another Downgrade In As Little As 6 Months Durden 2-8-12 , Bernanke Talks His Book : Bruce Krasting : 02/08/2012 He's in the process of ruining the country. , Ter·ror·ist (Noun): Anyone Who Disagrees with the Government : George Washington : 02/08/2012 - 01:03 Any American Who Criticizes the Government May Be Labeled a Terrorist , Ponzi Proof: Trustee says MF Global sustained itself on customer funds Washington Post | An estimated $1.2 billion of customer money was looted from accounts at MF Global , Jobless Decline Masks Drop in U.S. Labor Force Feb 8th, 2012 (Bloomberg) — The unemployment rate’s unexpected drop to a three-year low has overshadowed a less-positive labor- market development: fewer Americans are looking for work.Last week’s Labor Department announcement that the jobless rate fell to 8.3 percent in January sent stocks and bond yields higher. The same report showed the share of working-age people in the labor force had declined to the lowest level in 29 years…, Andy Hicks ‘In 2010, inventory restocking contributed most to U.S GDP growth. In 2011, it was the rebound of private investment due to Obama's capital equipment tax credit contributing most to U.S GDP growth. The U.S. consumer, though, hasn't really been jumpstarted over the past two years. That is why earnings multiples on the S&P 500 continued to decrease, despite stellar earnings growth from emerging markets. Last week's Q4'11 GDP numbers confirmed, for me, that 2012 will be another year with little U.S. consumer growth, and that earnings multiples for most companies (even those companies named after fruit) will likely continue to compress as we head further into this year…’ , Yes, It Is Halftime In America – So Now Is The Time To Get Your Financial Priorities In Order ECB http://albertpeia.com/halftimeinamerica.htm , Why Is Global Shipping Slowing Down So Dramatically? ECB http://albertpeia.com/globalshipslowingdramatically.htm ‘If the global economy is not heading for a recession, then why is global shipping slowing down so dramatically? Many economists believe that measures of global shipping such as the Baltic Dry Index are leading economic indicators. In other words, they change before the overall economic picture changes. For example, back in early 2008 the Baltic Dry Index began falling dramatically. , Better Safe than Sorry - A Top Seems to be Forming Maierhofer , China's Road to Becoming a Reserve Currency The Wall Street Journal , Believe In A Return To The Gold Standard? You Are Now Officially An Extremist According To The FBI Durden 2-7-12 , Greek Economy Implodes: Budget Revenues Tumble 7% In January On Expectation Of 9% Rise Durden 2-7-12 , Unadjusted Consumer Credit Soars By Most Since Peak Of Credit Bubble In August 2007, Third Highest Ever Durden 2-7-12 As some may remember those long ago days of January, when the market was not still lost in the latest bout of QE-hopium induced euphoria, December sales missed expectations, following even more disappointing November sales, despite propaganda channel promises that the 2011 shopping season was the "strongest ever"... and yet, many were wondering where did the already cash-strapped US consumer procure the cash to shop as much as they did, even if it was well below a record level. Now we know: it was on credit…’ , Spiegel: "It's Time To End The Greek Rescue Farce"Durden 2-7-12 , Illusion of Recovery: Feelings Versus Facts The Burning Platform | The false storyline last week was the dramatic surge in new jobs. , Ron Paul Warns Of Federal Reserve Power Grab: Infowars Nightly News Prisonplanet.com | Ron Paul has warned that a new agency is itself an unconstitutional monster that will further degrade the financial health of the country. , ‘The people out there that believe that the U.S. economy is experiencing a permanent recovery and that very bright days are ahead for us should have their heads examined. Unfortunately, what we are going through right now is simply just a period of "hopetimism" between two financial crashes. Things may seem relatively stable right now, but it won't last long. The truth is that the financial crisis of 2008 was just a warm up act for the economic horror show that is coming. Nothing really got fixed after the crash of 2008. We are living in the biggest debt bubble in the history of the world, and it has gotten even bigger since then. The "too big to fail" banks are larger now than they have ever been. Americans continue to run up credit card balances like there is no tomorrow. Tens of thousands of manufacturing facilities and millions of jobs continue to leave the country. We continue to consume far more than we produce and we continue to become poorer as a nation. None of the problems that caused the crisis of 2008 have been solved and we are even weaker financially than we were back then. ‘ , Presenting The "Rise Of The HFT Machine" - Visual Confirmation How SkyNet Broke The Stock Market On US Downgrade Day Durden 2-6-12 Zero Hedge has not been focusing much on the topic of our broken equity markets recently because if by now, following over three years of coverage, someone is not aware just how fragmented, manipulated and largely broken the market truly is, they never will. Yet every now and then it worth reminding readers who may have stumbled on this blog recently, just how bad things are in graphic format. Our friends at Nanex, who are by far the best forensic analysts of everything that is busted with the US stock market, have completed a masterpiece analysis showing the churning (packet traffic) in the various fragmented US market venues, from the NYSE to the Nasdaq to BATS and so forth, on a daily basis beginning in January 2007 and continuing through today. While the "rise of the HFT machine" over the past 5 years, following the adoption of Reg NMS, will hardly be a surprise to most, what is stunning is the first animated confirmation of the market terminally breaking on August 5, 2011, the day the US was downgraded, an observation that first was made right here on Zero Hedge. Which begs the question: what really happened in the stock market on August 5, 2011 when the US was downgraded to AA+, when everything literally broke, who is intervening constantly in the stock market, and why are they doing so via various HFT intermediary mechanisms? , Contrary to Government Claims of 243,000 Jobs Created, Hundreds of Thousands of Jobs Were Actually LOST In January Washington’s Blog | Government Misrepresents Employment Picture. , Citigroup: Risk of Greek Exit From Euro Has Risen to 50% The Wall Street Journal , Fixed-Income ETFs Rally Despite Europe's Pending Recession Motley Fool , Greece Has No Idea What It’s Gotten Itself Into February 6th, 2012 http://gainspainscapital.com ‘.. the next round of the Euro Crisis is now at our doorstep. Indeed, this latest short-covering rally in the Euro (Euro shorts were at a record high) looks ready to end and reverse ..’ , , Guest Post: What If We're Beyond Mere Policy Tweaks? Durden 2-6-12 The mainstream view uniting the entire political spectrum is that all our financial problems can be fixed by what amounts to top-down, centralized policy tweaks and regulation: for example, tweaking policies to "tax the rich," limit the size of "too big to fail" financial institutions, regulate credit default swaps, lower the cost of healthcare (a.k.a. sickcare), limit the abuses of student loans to pay for online diploma mills, and on and on and on. But what if the rot is already beyond the reach of more top-down policy tweaks? Consider the recent healthcare legislation: thousands of pages of obtuse regulations that require a veritable army of regulators staffing a sprawling fiefdom with the net result of uncertain savings based on a board somewhere in the labyrinth establishing "best practices" that will magically cut costs in a system that expands by 9% a year, each and every year, a system so bloated with fraud, embezzlement and waste that the total sum squandered is incalculable, but estimated at around 40%, minimum....The painful truth is that we are far beyond the point where policy/legalist regulatory tweaks will actually fix what's wrong with America. The rot isn't just financial or political; those are real enough, but they are mere reflections of a profound social, cultural, yes, spiritual rot. This is the great illusion: that our financial and political crises can be resolved with top-down, centralized financial reforms of one ideological flavor or another. It is abundantly clear that our crises extend far beyond a lack of regulation or policy tweaks. We cling to this illusion because it is easy and comforting..’ , Negative Bank Preannouncements Begin Durden 2-6-12 We are not even half way into the quarter, and the negative preannouncements for financials have already begun:MACQUARIE SAYS `SUBSTANTIALLY LOWER LEVELS' OF CLIENT ACTIVITY – BLOOMBERG , Guest Post: Bringing The "Not In The Labor Force" Mystery To Light Durden 2-6-12 , Volumeless Equity Recovery Ignores Broad Risk Asset Derisking Durden 2-6-12 , San Fran Fed Finds Fiscal Stimulus Has Little Impact During Periods Of Economic Growth Durden 2-6-12 It has only been a week since we discussed the San Francisco Fed's research group admitted that ~~water was wet~~ Fed policy will be unable to impact unemployment since the cyclical changes are more structural leading to jobless recoveries as fat is removed from the system. , Guest Post: Illusion Of Recovery - Feelings Versus Facts Durden 2-6-12 The last week has offered an amusing display of the difference between the cheerleading corporate mainstream media, lying Wall Street shills and the critical thinking analysts. What passes for journalism at CNBC and the rest of the mainstream print and TV media is beyond laughable. , MF Global Trustee Finds That Company "Did Not Always Record Cash Movements" Durden 2-6-12 The MF Global Trustee has just released their preliminary report on the progress in uncovering where the vaporized cash went. Bloomberg notes:#1MF GLOBAL DIDN'T ALWAYS RECORD CASH MOVEMENTS, TRUSTEE SAYS#2TRUSTEE SAYS MF HAD SHORTFALL IN COMMODITIES FUNDS START OCT 26#3MF BROKERAGE TRUSTEE TRACED $105 BLN IN CASH MOVEMENT#4MF COMPUTERS COULDN'T TRACK VOLUME IN FINAL DAYS, TRUSTEE SAYSOf course, we know that MF Global is the only company to not follow Fiduciary Principles 101 (client cash commingling) but also Accounting 101 (T square, debits, credits, and all that boring and apparently irrelevant in a time of uber-kleptocracy, stuff) leaving us wondering just how much of that unrecorded cash may be found in unrecorded suitcases in unrecorded bank vaults. , "No Country For Old Men?" Bernanke Plan To Exterminate Savers Is Unsustainable Durden 2-6-12 Bernanke's recognition of his penalizing savers with low rates as an 'issue for people' sparked an interesting note from the WSJ on how sensible and stoic savers are being herded (unsafely) into risky investments… , Greek PM Demands Report On Default, Eurozone Exit Consequences Durden 2-6-12 , Fed’s Bullard: Extended Zero Rate stance ‘A Looming Disaster’ Feb 6th, 2012 (MNI) , Greece lets another deadline slip in bailout poker Feb 6th, 2012 (Reuters) , Illusion of Recovery: Feelings Versus Facts The Burning Platform | The false storyline last week was the dramatic surge in new jobs., 8.3% Unemployment Lie Greg Hunter | The most recent unemployment number is a total lie, and that lie was repeated all over the mainstream media (MSM). , Is Obama's Peace Prize About To Be Confiscated? Nobel Peace Prize Jury Under Investigation Durden on 02/05/2012 [ If it isn’t, it should be! Alternatively, if it isn’t confiscated, the nobel etc. should be abolished or relegated to the international joke they would then be and currently is as a consequence thereof! At the very least, they should be totally ignored until their wobama error is corrected! ] , Goldman Turns Bearish: Squid Releases Top Trades For 2012... And It's Not Pretty Durden .. the squid is bearish. Which is bad news , Market Rally Won't Last Long Forbes , The Worldwide Depression/Recession Of 2012 Jeff Harding, STOCKS RISE DESPITE MORE BAD NEWS: Here's What You Need To Know Business Insider Sam Ro ‘As Greece inches toward default and the sufficiency of Europe's EFSF bailout fund is called into question, everyone's worst nightmares of Europe's debt debacle escalating to a systemic crisis could be nearing reality. ‘ , The most accurate forecaster on the Street thinks stocks are going downAdam ParkerBloomberg Morgan Stanley's Adam Parker was crowned the most accurate forecaster when the S&P 500 closed 2011 within a handful of points of his year-end target of 1,238. His 2012 year end target calls for stocks to fall to 1,167. He sees a global economic slowdown hitting corporate profits hard. , An eerie technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57. And there's one thing that'll cause the markets to tip: Europe. “If the history of debt tells us anything it is that one cannot solve a debt crisis by lending more money to the bankrupt and the insolvent,” Zimmerman says. , As it stands, the dollar is toast Laura4Smith Euro Pacific Capital's John Browne thinks the U.S. dollar will soon lose credibility, thanks to manipulation by the Fed. , Persistent delevering will cause the whole world to implode Bloomberg TV Bill Gross kicked 2012 with a particularly gloomy letter. , Home prices will fall another 20% Bloomberg In his latest note, Gary Shilling lays out his 20 investment themes for 2012.Theme #12 calls for home prices to continue plummeting, falling another 20% over the next several years. This is on top of the 33% drop we've already seen. , Greece will hard default and bring everyone else down with it Nomura's permabear Bob Janjuah had some cheery things to say about Greece and it's effect on the markets."The real pain may only be seen in March, when I expect the hard Greece default to happen. In Q1 I expect the S&P will trade down to/below 1000, and core US, UK and German government Bond yields will be closer to 1.5% than 2%." , China is headed for a hardlanding SocGen's Albert Edwards thinks 2013 will be better than 2012. But that's only because he believes 2012 could be the worst year ever. , The US economy is about to tank ECRI's Lakshman Achutan hasn't budged on his recession call, and he has been taking a lot of heat for it. Here's a quote from a recent press release (via Doug Short): "If you think this is a bad economy, you haven’t seen anything yet. And that has profound implications for both Main Street and Wall Street.", Graham Summers’ Weekly Market Forecast (Has the Can Hit the Wall? Edition) http://gainspainscapital.com January 17th, 2012 ‘As usual, bad news was released over the weekend when the least number of people are paying attention… The answer is a Crisis that will make 2008 look like a picnic.This is coming… it’s only a matter of when…’ 17 Facts About The Decline Of The U.S. Auto Industry That Are Almost Too Crazy To Believe http://theeconomiccollapseblog.com http://albertpeia.com/declineusautoindustry.htm ( Warning Signs That We Should Prepare For The Worst http://albertpeia.com/prepareforworst.htm ) Very few things illustrate how dramatically America has been deindustrialized than the stunning decline of the U.S. auto industry. , RealClearMarkets - Gary Shilling: New Global Recession Is Here (It’s actually a depression and no nation will be spared!) http://www.marketwatch.com/story/shilling-says-new-global-recession-is-here-2012-01-20?link=MW_story_popular By Howard Gold NEW YORK (MarketWatch) — ‘For most economists, the main question is whether we will have a new recession. For Gary Shilling, the only question is how big. , 20 Signs That Europe Is Plunging Into A Full-Blown Economic Depression The American Dream | An economic nightmare is descending on Europe. http://albertpeia.com/20signsofeuropedepression.htm , Guest Post: Counterfeit Money, Counterfeit Policy Durden 1/31/12 Counterfeiting is illegal because it is the false creation of value. The counterfeiter takes low-value paper and turns it into high-value money, which is fundamentally a claim on the real productive value of the economy that issues the currency and recognizes it as a proxy means of exchanging that productive value. Counterfeiting is illegal because the counterfeiter creates no additional value--he creates only the proxy for value. Creating real value--adding meaningful goods or services to the economy--is tedious, hard work. How much easier to simply transform near-worthless paper into a claim on actual goods and services. If this is illegal, then would somebody please arrest the Board of the Federal Reserve for counterfeiting? The Fed has blatantly printed money without creating any real value to back up their added claims on productive value. Hence they are counterfeiting, pure and simple. A government based on rule of law would arrest these fraudsters and cons at the earliest possible convenience. , Survey: home prices declined in 19 of 20 cities in November; prices back to 2003 levels Jan 31st, 2012 (AP) , Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ http://albertpeia/americangovernmentdrugtrafficking.htm http://albertpeia/americascorruptiondrugtrade.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

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

Allan Sloan Marketing, hypocrisy and arrogance in Facebook’s financial filing — standard Wall Street fare. (Washington Post) [ Well, they may not be selling the ‘Brooklyn Bridge’, but they are selling shares of the Empire State Building’ (presumably for those who want to evince paper ownership of a piece of the apple … sounds like a plan! ) The following was my reaction to the intrusive facebook sign-in that was employed by the LATimes (I no longer, for quite some time, post to that ‘lesser paper’) and immediately following, some facebook responses by me only for the record on my website:

Amber Britton
Marketplace Customer Service Lead

[email protected]

The following two comments sum up my view on the subject. I would add that I really think facebook, the company, has become political, government centric (as has google, microsoft, etc.), and intrusive and hence, untrustworthy. Moreover, I truly and seriously think they are a bunch of ah*s. Indeed, their 'games' are pathetic and an insult to intelligence and typify the nerdy, neurotic persona of their founder(s) zuckerberg et als (I don't begrudge them their money but he is ‘painfully neurotic’ from what I’ve discerned); and, contrary to the spin, ****************** I initially signed up for website representation and was 'tagged' by some old friends from high school and even earlier without which I'd otherwise be inclined to delete my facebook account. If they were interested, they could sign up on the LATimes site, etc., themselves. This process of commenting is not brain surgery and for 'politically motivated' companies as facebook and the aforementioned, have the potential for a greater chilling effect on 1st amendment protected discourse. That facebook has become intrusively political is a testament to their 'hearing footsteps' of a fad of 'modern-day-hula-hoop' proportion; at the least, of 'also ran status' and hence, their entree into such arenas as this as the unavoidable but redundant 'middleman'. Publishers don't need them and should realize that. At most, it should be optional, which wasn't the case for some comments, despite my being signed in with the LATimes site, username, alpeia.

Signed: Albert L. Peia http://www.albertpeia.com

Comments:

I thought that if you use a Google authentication that would require a real identity (troll prevention). I hate Facebook and I wonder how Goldman Sachs applies a 50 Billion value but who cares, I won't be buying it. All I can say is give us another way to comment using our real identities but make Facebook an option not the requirement.

Posted by: Charles Morris

Frankly, i avoid commenting systems that use the Facebook model. I don't need my friends getting my comments on subjects they could care less about, or getting my comments that are diametrically opposed to their own particular viewpoints…

Posted by: cabeachguy

alpeia at 07:55 AM October 22, [email protected]

The following two comments sum up my view on the subject. I would add that I really think facebook, the company, has become political, government centric (as has google, microsoft, etc.), and intrusive and hence, untrustworthy. Moreover, I truly think they are a bunch of a**h***s. Their 'games' are pathetic and an insult to intelligence and typify the nerdy, neurotic persona of their founder(s) zuckerberg et als (I don't begrudge them their money but he is ‘painfully neurotic’ from what I’ve discerned);and, contrary to the spin, I think facebook is very uncool and in many ways trite. I initially signed up for website representation and was 'tagged' by some old friends from high school and even earlier without which I'd otherwise be inclined to delete my facebook account…

Al Peia

http://www.albertpeia.com

Comments:I thought that if you use a Google authentication that would require a real identity... I hate Facebook and I wonder how Goldman Sachs applies a 50 Billion value but who cares, I won't be buying it... make Facebook an option not the requirement

Posted by:Charles Morris

Frankly,i avoid commenting systems that use the Facebook model. I don't need my friends getting my comments on subjects they could care less about, or getting my comments that are diametrically opposed to their own particular viewpoints…

Posted by: cabeachguy

Automatic reply: Attn: Feedback

FROM:

Britton, Amber R

TO:

albert peia

Friday, October 21, 2011 6:52 PM

I am out of the office on weekends and will return Monday morning.

If you need immediate assistance, please contact the VIP Customer Service team at 213-237-3464. You can also send an email to [email protected].

Best Regards,

Amber Britton
Marketplace Customer Service Lead

[email protected]

The following two comments sum up my view on the subject. I would add that I really think facebook, the company, has become political, government centric (as has google, microsoft, etc.), and intrusive and hence, untrustworthy. Moreover, I truly and seriously think they are a bunch of ah*s. Indeed, their 'games' are pathetic and an insult to intelligence and typify the nerdy, neurotic persona of their founder(s) zuckerberg et als (I don't begrudge them their money but he is ‘painfully neurotic’ from what I’ve discerned); and, contrary to the spin, I think facebook is very uncool and in many ways trite. I initially signed up for website representation and was 'tagged' by some old friends from high school and even earlier without which I'd otherwise be inclined to delete my facebook account. If they were interested, they could sign up on the LATimes site, etc., themselves. This process of commenting is not brain surgery and for 'politically motivated' companies as facebook and the aforementioned, have the potential for a greater chilling effect on 1st amendment protected discourse. That facebook has become intrusively political is a testament to their 'hearing footsteps' of a fad of 'modern-day-hula-hoop' proportion; at the least, of 'also ran status' and hence, their entree into such arenas as this as the unavoidable but redundant 'middleman'. Publishers don't need them and should realize that. At most, it should be optional, which wasn't the case for some comments, despite my being signed in with the LATimes site, username, alpeia.

Signed: Albert L. Peia

Comments:

I thought that if you use a Google authentication that would require a real identity (troll prevention). I hate Facebook and I wonder how Goldman Sachs applies a 50 Billion value but who cares, I won't be buying it. All I can say is give us another way to comment using our real identities but make Facebook an option not the requirement.

Posted by: Charles Morris | March 16, 2011 at 06:32 AM

Frankly, i avoid commenting systems that use the Facebook model. I don't need my friends getting my comments on subjects they could care less about, or getting my comments that are diametrically opposed to their own particular viewpoints. We all have differing viewpoints on matters, and most of us know not to discuss those subjects with our friends that may (or are) rabid or reactionary.

So...when I post a comment regarding my leftist Kennedy Democrat leanings, I don't need it to be sent to one of my best friends who is a die hard Republican and former "operative" in Massachusetts politics. Similarly, I'm an agnostic while my brother is a born-again Baptist. Do I want him to get missives via Facebook every time I post somewhere regarding the lack of logic exhibited by the true believers?

We are all bombarded with information overload every day, taking up more and more of our time and brain bandwidth. I only want information that is relevant to me, and I'm sure my friends, family and business colleagues feel the same way.

Just think of the way the newspaper or LATimes website is structured: designed in sections so that the people interested in sports, food, politics etc. can access that info readily, without having to sift through and look at a bunch of extraneous info they could care less about.

Posted by: cabeachguy | March 16, 2011 at 06:46 AM

 Pat Donnelly Lenart Merry Christmas kindergarten friend!...lol



Al Peia Thank you Pat. Truth be told, I was always quite fond of that picture which was among those items/pictures stolen by that junkie / meth addict here in socal. I truly was glad Loraine posted same and I uploaded it also to my website as here for storage because here as particularly in jersey, s*** happens.



Al Peia Merry Christmas and Happy Healthy New Year!



Al Peia regards, Al Peia

Gary Wallen

Sad day for me!

We had to put down my great companion Nikki down today. Almost 12 years old Great Pyrennes (they were bred do guard sheep and protect them from bears and wolves). Truly a great dog who had a mind of her own and was loyal and I will really miss her. I have owned 3 great dogs in my life and all have lived to old age for a dog. It truly makes your heart feel sad when you finally have to say good-bye.

I hope my kids pull the plug on me so I don't suffer or are ever a burden to them.

Nikki, I will miss you!

[ Freakin’ Wal! ]

 Betsy Ciocci So sorry Gary. It really is hard. Nikki was so lucky to have you and you her. What a great gift you gave her by letting her go so she would not suffer. That is love.

Tuesday at 5:44pm · Like



Pat Donnelly Lenart Gary sorry! I've been there and it is a very challenging experience when a long term companion has to leave.

Tuesday at 5:51pm · Like



John Badasarian Sorry to hear that Gary....I know she was a great dog...

Tuesday at 5:54pm · Like



Gene Laks Sorry to hear such sad news. They truly are our children

Tuesday at 6:07pm · Like



Vicky Dodson So sorry to hear about Nikki. Beautiful dog...

Tuesday at 6:14pm · Like



Christa Krumins So sad. I am sure she had a wonderful life.

Tuesday at 6:33pm · Like



Lisa Wolfe Rozgony Sorry about the loss of your beautiful loving dog..She is at peace now..

Tuesday at 7:18pm · Like



Raina Grand Kass so sorry for you--been there-not a good place--feel better

Tuesday at 7:25pm · Like



Alecia Bicher This makes me so sad. She truly was a great dog and so gentle. Sorry for you guys.

Tuesday at 7:36pm · Like



Alecia Bicher P

Tuesday at 7:36pm · Like



Ellen Silverstein Levitt Sorry for your loss.

Tuesday at 7:57pm · Like



Steve Schoenberg Very sorry Gary. Been there.

Tuesday at 8:10pm · Like



Greg Bolosky I share your sorrow. She looked like a grand dog.

Tuesday at 8:10pm · Like



Elizabeth Allee So sorry my dog is the most precious thing to me. I have often thought what would I do without her. Dogs are the most loving creatures and are meant to be by our side. There are so many here that are abused and do not have good homes. I am sure you had a loving home for a beautiful animal. Just remember the unconditional love..........

Tuesday at 8:16pm · Like



Gale Kanyok Sostek Gary, Great Pyrennes are such wonderful and gorgeous dogs. You are ever so blessed to having had one own you. My heart goes out to you, at this most difficult time. Know that your Nikki will always be with you in spirit. xo

Tuesday at 8:55pm · Like



Catherine Palmer Lord Gary, I'm so sorry about your Nikki. My heart goes out to you and your family. I'm sure she's running around in heaven with my cat.

Tuesday at 9:02pm · Like



Jim Jackson GW - Nikki was a great dog, sorry, My kids labs (Kobe and Jordon) both went down last year.... A real bummer

Yesterday at 4:44am · Like



David Spenard Sorry to hear about Nikki Gary. She was truly a one of a kind dog.

Yesterday at 4:49am · Like



Larry Rosefield sorry for your loss gary..my two dogs two of my best friends and eating companions....as to becoming a burden to our kids (i keep a .357 and a bottle of xanax in my nightstand) just in case.

Yesterday at 5:46am · Like



Lorraine Fleming So sorrry, my little guy is young but I can say that he is better than people. Everyone should wag their tail and be so happy to see me when I walk in the door.

Yesterday at 6:27am · Like



Neal Remz Sorry for the your loss Gary, had to do the same thing about 4 yrs ago with our 17 yr old dog Abby.

Yesterday at 6:43am · Like



Joyce Foosaner Grossman So sorry...I remember the day my dog was put done too..

Yesterday at 7:40am · Like



Susyn Bernstein There are no words....my dog is so much a part of me, my life and history and I know this is something I must face in not too far future. I'm SO SORRY for your loss!!

23 hours ago · Like



Gail Hogan Nastasi Gary, I feel so sad foryoubut you were very strong to do that. My

18 hours ago · Like



Gail Hogan Nastasi prayers go out to you and your family

18 hours ago · Like



Keith G Loranger Sorry for your loss , dogs are great friends

4 hours ago · Like

Al Peia

Eggi:
Happy, healthy birthday to you and best wishes for many more to come! You may have noticed some news stories surrounding the earthquake damaged Washington Monument (or not … Washington Monument remains closed msnbc.com ) which brought to mind that long weekend excursion to D.C. you may recall (just a few years ago) upon Wal’s recommendation since AU was sporting an outdoor concert [‘Little Richard’(what’s up with that?) turned out to be the warm-up band to the featured band, ‘Procol Harem’] and there was to be a massive ‘protest / demonstration / camp-out’ at the monuments (and of course to hear ‘Forest Gump’s’ speech – just kidding). The (evening) concert in their amphitheater was cool and ‘stylishly late 60ish, early 70ish. It’s at this point that you’ll have to rely on my memory of the events immediately thereafter. As always, we were in search of babes of easy virtue (the free-lovin’ hippie girls were made to order for expedient, pseudo-hippies at best like us looking for a ‘proverbial roll in the hay’, euphemistically speaking). In fact, you shrewdly from a hawking perspective hooked up with a bunch of hippies at the concert and proceeded to get quite stoned while smoking what you assumed was just pot throughout. At the end of the concert, Wal gathered us up to head to the monuments where huge numbers were camped out for the ‘rallies’ the following day. When we finally found you, you were sitting with just a few of the bunch you were with, unable to speak, stand, or move at all. You seemed totally paralyzed. We asked them what they were smoking to which they replied, pot laced with ‘angel dust’ (pcp-I didn’t even know what it was). They assured us you’d be okay by morning. Finally, since Wal seemed to be in a rush to get to the ‘monuments’, we literally had to guide you by arm to the car and through the ‘monument campout grounds’ at a very brisk clip for reasons only Wal could explain, stopping to speak to no one [ You guys had mentioned that at Woodstock (I couldn’t get off work at Arcola Pool) Wal was a bit freaked by all the havoc and particularly the unsanitary conditions, even to the point he was refusing to check out the naked babes swimming openly without inhibition which you guys were really into, by your accounts. ] You were indeed fine by the next day, and we partied / got drunk and we wound up at ‘The Waff’. Wal was totally drunk, had a black water pistol (looked like a .38 cal) , and was squirting everyone. Suddenly, out jumped two plain clothes cops (I assume DC Police Detectives – FBI always announce / show their badges). Wal was so drunk he was still laughing and shooting the water pistol even as they slammed him up against the wall, guns drawn and pointed to his head; even as I was yelling at their over-reaction; and that it was a water pistol. As bad as that was, in today’s environment, we’d likely have been shot. (I think this was the same weekend as the concert).
Happy Birthday Eggi!
Al

Gary Wallen

Well, someone finally wrote a song. Here 'tis....

http://www.youtube.com/watch?v=6RzcvFLPg1A

Gary Wallen

I could not sleep last night and went for a bike ride at 3:00 AM. No one on the road but made me think that we are getting a lot closer to the backstrech. And I used to think my parents were ancient.

Gary Wallen

ALSO FOR MY BASKETBALL CHALLENGE I WENT TO THE PARK TO SHOOT YESTERDAY. I PROBABLY HAVE NOT SHOT IN ABOUT 8 YEARS AND DID A FEW WARMUPS AND PROCEEDED TO MAKE 37 FREETHOWS IN A ROW. I THOUGHT THAT WAS PRETTY IMPREESIVE FOR A 61 OLD.

Gary Wallen

I had an interesting challange from a 33 year old guy at work who never even
played high school ball. He said he could kick my ass in hoops. I know I can
still shoot, because you never lose that and I now I can always post my fat ass
to the hoop. I wonder if i could still kick his butt a age 61. My guess is a
definite yes .GAME ON.

Gary Wallen

Gotback from the dentist with two new crowns for my front teeth from my bycyle accident. Amaszing what they do with modern technology. No more making molds, they can scan your teeth and you get a perfect match. Plus, I got great feedback from the 30ish hygentist that I am now good looking again...!!!! Jill is in San Diego visiting our son Jason and I wish I could be there.

Gary Wallen

I went for a bike ride, fell and broke two teeth. My dentist is on vacation this week. Probably the ugliest smile in history. Trying to let the trauma subside before I go to his back up. It sucks getting Old.

Gary Wallen

I have learned to appreciate life much better and try to enjoy every day now that I am only a year away from being eligible for Social Security. I still find that very hard to say! I feel like I'm turning into my father, which is really scary. Everybody enjoy each day as if it may be your last and don't let the little things in life bring you down.

Gary Wallen

To everybody who wished me a happy b-day, Thanks...!!! Where has the time gone? It feels like yesterday I was in HS playing sports, not 43 yrs ago. I still remember going to Woodstock, going Up-State, the Canteen dances, Jimmy Byrnes at the Jersey Shore, the Prom with Jill Baines and much more.

Al Peia

Hey Wal:

I could have made this more cruel (but our longstanding friendship, upon reflection, got in the way and I deleted some) ***************. To save you from yourself and from becoming a facebook / internet bully, I write (and I'm smilin' as I do so) as follows:

Wal, I'm surprised and take umbrage at your insensitive remarks and on behalf of short people everywhere, I write in response to your observation immediately hereafter: '12-17-10 Gary Wallen Chalk it up to cold Darwinism, cultural standards, or the simple feminine desire to have a man around who can reach the top shelf, but just about every stature study in the last 20 years confirms what short guys already know: women prefer taller men.[ Wal, I believe this to be among the greatest insights into 'short people' since randy newman's hit song of the same name.] ...It's nice to be 6''5". I didn't know the average height for a man in the USA is only 5'9".' [***** And, I'm sure that 'great stature thing' was what the dinosaurs were sayin' just before ..... then there were the archaic modern human antecessors ..... I think we should ask the Chinese, Japanese, etc., what they think ... my own (different female sexual partner) liasons numbering in the low to mid hundreds (no exaggeration - and I can truthfully say that every girl among them I truly liked) probably meant, fortunately for me, said girls had not read your surveys ... The only direct experience (hardly a random sampling for statisticalvalidity) concerned that attractive 'Ridgewood girl' in the convertible with a mini-skirt that left little to the imagination who chose a short guy (me at 5'6" over that 3 varsity letter man you kept reminding her - I won't mention your dangling, by a string of saliva, throat lozenge that landed on her lap which I'm sure helped 'seal the deal') over that big guy (you at 6'5") ... Then there's Napoleon, Putin, Jefferson, Washington, etc.. There's also danger (liasons dangereux) as Julian Assange can attest to and I also experienced in light of my RICO litigation on my 'road to interim / temporary sacrificial celibacy', which has been great for my concentration ... It's brain size / capacity, short and simple, in the new century particularly, as it always was! ( About 23 million years ago hominoids appeared in the form of primative apes. It was from one of said primative apes that the family of man, Hominidae branched off 6 to 5 million years ago. The bigger brain and consequent ability to manipulate environment were the key to evolutionary success. The Darwinian model of a steady, gradual 'fine-tuning' of natural selection has been totally disavowed by all experts in favor of the view that natural selection is a conservative force, acting rather relatively quickly, to maintain a species adaptation. )

Finally, Wal, you may remember the first time we had gotten stoned. I was living in Seacrest Beach (summer, 1970) and you came down for the week. Two girls I had previously met on the beach apparently scored some pot (and probably needed a place to smoke it) stopped by; and we smoked some (I snitched a little which we were to continue smoking later.) Truth be told, in what was probably the only instance where being short was of a distinct advantage, I was paired with the smaller (about 5'4"), very cute and pretty blonde cheerleader from Parsipany, while you got the near 6' but also attractive friend. The pretty blonde and I retreated to my bedroom. Unfortunately for you, the tall girl you were with was bitchy and witchy (you may recall she was a self-proclaimed witch who had also dubbed me, 'Alday'. Our attitude concerning such personality quirks was one that comported with our rather shallow, jockish, but very expedient mindset with girls; viz., as long as they were attractive and 'put out', just fine ... or as they say here (in southern California) in the valley, 'whatever'). When they left, we smoked what was left of the pot, and you immediately began cooking up food (munchies) and as I watched you, you appeared to be moving in a very jerky but slow motion fashion (like a slow motion, 15 fps old silent film) to which I called your attention more than once also attributing same to your being stoned ... Finally, you abruptly stated that it was I who was stoned which I hadn't realized up to that point but suddenly realized was true. But it was also true that we were both stoned. ] ... JUST FUNNIN' WITH YOU, WAL! Regards, Al

----- As I previously related to Charlie Crane regarding that '21 questions thing' on facebook, and in light of your prior inquiries: The following is what I'm waiting on (note the disks sent twice to the FBI were waylaid by the u.s. postal service and finally delivered by UPS, causing delays). Hey Charlie! Thank you for your vote of confidence and kind remarks. I think you're correct on all counts. The last I heard (1992) you were doing extremely well (I think running a new car dealership and making loads of money, etc.). I remember in 7th grade you kept the class in stitches with your spontaneous, often hilarious humor, and in high school you were very prominent and tough on the football field. However, you did err regarding a girl (initials B.R.) in our 7th grade class who while wearing tea shirts then (you reminded her), wound up by high school having among the biggest pairs of t***s in the school.

The following is what I'm waiting on (note the disks sent twice to the FBI were waylaid by the u.s. postal service and finally delivered by UPS, causing delays). Regards, Al

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 ]. Continued December 19, 2010 at 4:31pm · Like Al Peia Cont’d 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 . ...See More December 19, 2010 at 4:32pm · Like

Eggi:

Thank you for the birthday wish, and though somewhat remiss in such things as this I'll make sure I don't miss yours. It's springtime and 'back when' as now, the same meant spring break. In discussing spring break with the instructor at the LATTC workout facility where I worked out, I told him the story you may recall of our spring break excursion to Fort Lauderdale / Daytona ('Where the Girls Are'). I also told him that you guys would never let me live this down ... but that I deserved not being able to live this down ... he couldn't stop laughing. Though set up by Steve with a great pad, viz., Harvey's plush apartment, we were not able to get any babes back to said pad. Indeed, the prevalence of 'sopers(sic)'(muscle relaxants/downs) made Steve's apartment, despite early unbridled enthusiasm including 'air guitars' to 'Gimme Shelter', look like the sight of a bomb blast with bodies strewn about, having 'fallen out' (except for that one 'curious' guy whom we'd invariably find struggling to stay awake and not 'fall out'), when we returned from our (unsuccessful) hawking rounds on the strip. We found this quite amusing and stuck to our 'smoke/boone's farm apple wine' regimen. We then went to Daytona where we met 3 attractive girls whose hardluck story was that despite having rented for the week, the landlord of the motel said they were to leave (in favor of some guys who had probably paid him extra). In what I described to some as 'my first legal case', I felt this to be wrong (I had business law and at the least this was breach of contract) and threatened to go to authorities / mayor's office to register a complaint. He relented, and the girls kept their room and came back to ours. We smoked hashish and we all got totally stoned. The truth is I was so stoned, I couldn't make up my mind which girl to go after and was as you aptly put it, 'floatin''. Daytona / floater, you guys rightfully got on my case for that one. I'll never live that down.

Regards,

Hello Ellen:

Thank you for the second year in a row for the birthday wish, and though somewhat remiss in such things as this I'll make sure I don't miss yours. You may recall (just a few years ago) at Steve Marcus' Bar Mitzvah at B'Nai Birth (?) how I walked into the chapel sans yarmilke and shawl and got a few looks. Your Dad interupted his duties to attend to my 'lapse in protocol' and escorted me to a separate room and supplied with same. He seemed amused by it all which I thought was very cool; and, I thought to myself what an nice, intelligent, and balanced man he was.[ In today's environment, such as it is, I would probably have been accused of anti-semitism and taken out back and shot ... just kidding! (such an accusation would have been ridiculous then as now). ]

Regards,

Doug:

Thank you for the second year in a row for the birthday wish, and though somewhat remiss in such things as this I'll make sure I don't miss yours. I could not help but notice your eclectic taste in and knowledge of such a wide variety of music. I've pretty simple musical taste (classic rock - ie., Beatles, Stones, Doors, Yes, Grand Funk, jefferson Starship, Supertramp, Creedence, Fleetwood Mac, etc.), some pop (ie., Cats, etc.), and of course, classical. I did see a reference to roller skating and you may recall our 'wild sessions' of same at the Church gym. I must say that to this day I'm somewhat ashamed of our youthful indiscretion / bad judgment in subtly mocking 'little hooky'.

Regards,

Hi Neal:

Thank you for the second year in a row for the birthday wish, and though somewhat remiss in such things as this I'll make sure I don't miss yours. When I scan FB 'headlines' I can't help but notice your beautiful family which probably makes you a living American testimonial to the beauty and benefits of Ireland, and as well, very proud.

Regards,

Bob:

Thank you for the second year in a row for the birthday wish, and though somewhat remiss in such things as this I'll make sure I don't miss yours. Sorry to hear of your medical difficulties and my best wishes for speedy recovery. As for your jersey government complaints, I've found mob-infested jersey to be totally hopeless [ You might find this link interesting re: same http://www.albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf (I'm waiting on the FBI whose position will determine mine) - plus, as pertains to the political scenario including the mob, sean hannity lives in jersey, so what can you expect. ] .

I include the following which in the process of updating / completing my skills / knowledge base were part of exercises therein (also on my website):

I support the police 100% for good reason and previously wrote: 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 (a police officer here in California was the object of intense criticism for having used a flashlight to subdue a criminal after a long chase so I included that here) . The girl was not that seriously injured, did get her pocketbook and tuition back, and the criminal went to jail. 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

Regards,

Hey Wal:

Happy, healthy new year to you and your family. My changed number was to 'magic jack' (I recommend it) since my att/sbc (jersey / bushland) phone line became unusable, affecting my dsl line which I dropped in favor of Time Warner Cable / Internet. I last spoke with the FBI in January, 2011, who informed me that 'they printed out the documents on the disks', which is, in their somewhat cryptic way of saying, a good thing. Their position will determine mine. I'll let you know when I do.

Regards,

Al

CHARITY QUIZ: Would Al Peia play truth or dare?

Lorraine Fleming answered this question

Lorraine:

You're quite right. I've been playing every day since I sued the mob in mob infested jersey. I'm currently waiting on the FBI whose position will determine mine.

Regards,

Al

Egils Obsteins

CHARITY QUIZ: Is Al Peia awesome?

Egils Obsteins answered this question

This week, each time you answer a question about a friend, our sponsors will donate food to a hungry child. With your help, we are now funding 1 meal every minute!

Al Peia Eggi:

Thank's for your affirmative vote. I'm sure you know it's mutual. As such, I have somewhat of a confession to make. You may recall how much we kidded you that summer by singing that song by the Brooklyn Bridge, 'The Worst That Could Happen'. Yet, truth be told, I always thought 'the Bloomfield Cheerleader' was a total babe (and Latvian at that) and well worth the break with Pam.

Regards,

Charles just answered a question about Al!

Al has new answers to unlock.

Al Peia

Hey Charlie!

Thank you for your vote of confidence and kind remarks. I think you're correct on all counts. The last I heard (1992) you were doing extremely well (I think running a new car dealership and making loads of money, etc.). I remember in 7th grade you kept the class in stitches with your spontaneous, often hilarious humor, and in high school you were very prominent and tough on the football field. However, you did err regarding a girl (initials B.R.) in our 7th grade class who while wearing tea shirts then (you reminded her), wound up by high school having among the biggest pairs of t***s in the school. The following is what I'm waiting on (note the disks sent twice to the FBI were waylaid by the u.s. postal service and finally delivered by UPS, causing delays).

Regards,

Al

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).

(continued)

Al Peia

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

1. A judgment had been entered in my favor in the case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of $300,000 remains unaccounted for and which could be used for payment to creditors, Los Angeles, etc..
2. Counsel Robert Sullivan on my behalf documented by way of certification upon investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he predicated a retaliatory and spurious contempt proceeding against me causing substantial damage, and for which he sought Judicial Notice of those and related proceedings as did I in some of my filings.
3. The Order of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the court’s deadline causing creditors and me substantial damages: [ Shiff Order of Dismissal With Prejudice on Coan’s Failure to File Page 1 Page 2 ]
4. Defendant Coan had filed an action against me to prevent me from suing him which necessitated me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief as to Coan but precluded my action against Shiff (although there is no immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ]
5. Newly appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite the conflict of interest in light of hundreds of thousands of dollars of illegal (drug) money being laundered through the Trump casinos by the RICO defendants, and despite my motion to recuse her which motion she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to join or file a separate motion to recuse and not long thereafter left said office for private practice at Cole, Shotz, et als on retainer with the RICO defendants as his primary client.
6. Probative and evidentiary documents, affidavits, exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said documents and their probative value with him. Within approximately a month thereafter upon inquiry I was told that Jonathon Lacey was no longer with the office, that the file/documents could not be located, and that there was no further information available concerning contacting him or his location. I thereupon delivered by hand, copies of said documents to the office of then U.S. Attorney Alito, addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one mob case he had brought, bungled, lost (accidently on purpose?) since I was suing some mob-connected under RICO and the court (I had known / previously met outside of court the judge Ackerman through a client) was absolute bedlam and a total joke since incompetent corrupt Alito brought in all 20 mob defendants (rather than prosecute one or a few to flip them first) who feigning illness had beds/cots in the courtroom along with their moans during testimony and had the jury in stitches. As much as I hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe corrupt because he is inept). After a reasonable (but still rather short) time I called to determine the status and was told that Alito was no longer with the Office of the U.S. Attorney, that he was (appointed) a federal judge, and that neither the documents nor any file or record of same could be located. Alito did parley the same / cover-up into quid pro quo direct lifetime appointment to the Court of Appeals, 3rd circuit, despite the absence of judicial experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now sits on the purported highest court in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.

There is applicable insurance / surety coverage and neither LA, nor creditors, nor I should continue to have been damaged by this brazened corrupt and illegal scenario, which should be resolved in accordance with the meaningful rules of law apposite thereto.

Sincerely,

Albert L. Peia
611 E. 5th Street, #404
Los Angeles, CA 90013
(213) ***-**** (cell phone)
(213) 622-3745 (listed land line but there are unresolved problems with the line, computer connection may be the reason but I hesitate to chance greater non-performance / worsening by their ‘fix’ so cell phone best for contact).

----------

*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. ]

December 14, 2010

Al Peia

Hi Lorraine:
Thanks for the tip. I could always use some weight loss; but, frankly, when I so choose I use the 'old wrestling diet' of not eating. You look healthy. I remember in first grade, we used to compare lunches in our 'little lunch boxes' (do they still use them?) and you gave a thumbs up to my least favorite lunch 'cheese sandwich', saying your grandfather told you that cheese was good for your teeth, which made my subsequent least favorite lunches more palatable. Wal (Gary Wallen) has always been a cheese aficionado, so much so that he earned the nickname 'cheese' / 'cheeseburger' at American U. where we used to visit Wal on a very fun campus. (I can attest to Wal's affinity for same from our 'shoretime party days' and when we worked together at Arcola Pool).

Regards,

Al

Lorraine Fleming

That must have come up in the ad column cause you are not the first person to comment. I have never used this product and do not endorse it. I could use some weight loss, but rather would count carbs and do some walking/stretching/dancing...See More

July 25, 2010 at 9:26am · Like

Lorraine Fleming no more little lunch boxs, use an insulated bag!

July 25, 2010 at 11:35am · Like

Al Peia Ah! I knew times were a changin'

July 25, 2010 at 9:48pm · Like

Al Peia

Hey Wal!

Happy healthy new year to you and your family. Thanks for your kind offer and I would extend the same courtesy out of friendship to you if the matter resolves, which at this juncture is in the hands of the local Congresswoman (I received an email from her, concurrent with some purported FBI correspondence), the Honorable Lucille Roybal-Allard (which also means I would make a commitment to her district, including marrying an Hispanic girl on favorable resolution- She's on the Homeland Security Subcommittee and is Whip, Congressional Hispanic Caucus) and the FBI and DOJ to whom I recently had to sign/give broad consent to 'check me out' again, despite having dealt with the FBI throughout this entire, sordid, particularly for the government, affair. Interestingly, the former FBI Director Louis Freeh with whom I dealt, who unfortunately had jersey boy roots, had cashed out, left the FBI, and now has Italian Citizenship, etc.). The proximity to San Diego would facilitate your seeing your son (I assume he's Navy) but it would be impolitic to discuss such now since I did, appropriately, sue the government which did not win me friends nor influence people therein but rather I suspect got me on one of their "lists" owing to their infinite state of paranoia (I say with no exaggeration that the rest of the nation's citizens have been screwed more thoroughly by the incompetent, corrupt elements in the government as well). I know I don't have to tell you what you already know, that you'll always be one of my best friends. I have already taken steps toward a position outside the country through a local contact's contact, my passport current, absent favorable resolution. I always say what I mean, and mean what I say and will call you as soon as I know. [my land line 213-622-3745 but cell phone better 213-219-7649]. I don't and haven't been to facebook for quite some time - I'm not into the typing.

So long for now, Big Fin, who I call Wal!

AL

Gary Wallen

Albie, I don't get on facebook enough but what's up with your thing about going out of the country? You could always come and stay with me. I was thinking of the Jersey shore the other day when I watched some stupid reality show about some young Italians parting at the shore. Always remenber JIMMY BYRNES, THE OSPEY, ETC. Remember t...See More

January 8, 2010 at 5:18pm · Like · · See Friendship

Al Peia

Howard Lipstein

you were a good wrestler compared to me, you beat me out easily for the team

Al Peia

Howard:

Thank you for your gracious and overly humble comment. Over time, such things become less and less important and I can't say that I actually recall that, per se. As we both know, wrestling was never a pleasant undertaking and although I respect(ed) the sport, I made it a point never to set foot on a mat off season. You may also find it somewhat ironic that I actually had made the basketball team (Hubie Brown for whom I had high regard was varsity coach and Richie Szura
the J.V. coach), which sport I enjoyed; and in a meeting arranged by Dan Deluca (I had won a tournament in junior high and the match against the rival Thomas Jefferson Junior High) with Coach Szura wherein Szura nicely but candidly told me that although I had made the team, "that I wasn't the tallest of angels" (which I thought was very funny and we all laughed) and essentially I'd be warming the bench while Deluca guaranteed me a varsity letter for wrestling the easy matches since varsity wrestler Richard Zocco was having difficulty making weight (he never made weight). As trite and cliched as it sounds, it was the varsity letter guarantee
that sealed the deal (and in my mind, the prospective "help with the babes therefrom" - actually, it was only the pretty sophomores with whom it ultimately paid dividends so to speak - how very high school). I had a great Coach in Roger Saunders who recruited me to NYU (Roger and his brother Richard, a CIA agent/mechanic, were both national champions). Wrestling has always been an important learning experience for me. Such a kind and humble remark as yours
deserved a greater explanation.

Al

Drudgereport: Car of Republican Philly Mayor Candidate Vandalized -- for the 10th Time! [ The ‘city of brotherly love’ that loves the bros! I was recruited by Temple University, but not seriously from my own perspective, infra; but, I had never seen a college wrestling match, so I went along as invited. When we came out from the match, the quiffy spike israel’s ‘little buddy’ jimmy fiore’s car was ‘sitting’ on its rims, all four tires stolen, etc..--- On Wed, 11/18/09, ethan lichtblau <[email protected]> wrote:
From: ethan lichtblau <[email protected]>
Subject: Your NYU Wrestling Experience
To: [email protected]
Date: Wednesday, November 18, 2009, 11:39 AM

Hi Al,

I know of you from my old wrestling coach, Ron Pollack. I know that you wrestled at NYU, and that you won the Met Championships. I am writing a book about my own experiences in wrestling, judo, and ju jitsu. I wrestled in the Met championships in 1984 when they were held at NYU, and I remember seeing an old newspaper article they had on display that talked about you winning the Mets in '72 or '73. You beat Pollack in the finals. Pollack's coach was quoted in the article as saying that Ron "gassed out", I'm assuming from nerves. I am really interested in the phenomenon of "choking" in a sports event due to being nervous. I was wondering if you had any memories you could share about this particular match? I know it was a long time ago, but if you do remember anything I would appreciate whatever you could share.

Regards,

Ethan Lichtblau

Date: Wed, 18 Nov 2009 22:50:55 -0800
From: [email protected]
Subject: Re: Your NYU Wrestling Experience
To: [email protected]

Hello Ethan:

The mother of one of our team mates worked with Ron Pollack's dad who kept telling her how badly Ron Pollack was going to beat me (some others played him up saying he consistently beat his team mate stu pruzansky by substantial margins and other such things). In fact, he took an early lead with a take-down that he was quite good at and I was looking for (something between a firemans' carry and a barrel role)[1972]. However, by the end of the match, he was quite haggard, in tears, and I actually had to hold him up on the podium. My tougher match was the semi's where I met two-time defending Met Champion Ed Rufrano (he got a special trophy for scoring the most team points over a period of time). He was quite strong and although I won, I had slipped a cervical disk (for which I ultimately needed traction - I couldn't even do a push-up after a couple of days which is very humbling when one relies so much on will-power). I had also beaten Ron in the finals of the Freshman Met Tournament. I was injured by the end of the season in the two prior intervening years (interestingly, the neurologist for the herniated disk pointed out that my bones were relatively small compared to my musculature/body-mass). I was fortunate to have a great coach in Roger Saunders (Roger and his brother Richard, a former CIA Agent/Mechanic, were both National Champions). I couldn't imagine Roger saying one of his wrestlers "gassed out", even if true. Ron certainly didn't "choke" in the first period, if at all.

Regards,

Al Peia

______

From: ethan lichtblau <[email protected]>
Subject: RE: Your NYU Wrestling Experience
To: "Al Peia" <[email protected]>
Date: Thursday, November 19, 2009, 2:07 PM

I really appreciate your insights about this. I never got a chance to speak to Ron about his own college wrestling days. I only knew him when I was in high school, where he was coaching a bunch of local high school wrestlers on a part time basis. He was also helping out at his alma mater
(?FDU) assisting a guy he used to refer to as "Metz" or "Metzy". By then he was a fairly un-assuming guy and never even told me that he had taken a 2nd at the Mets when he was in college. By the time I went off to NYU Ron had left town to go to chiropractic school, and I don't think we ever saw each other again.

I now remember what struck me so much about that article that was posted at NYU. It was accompanied by a picture of three guys on the podium. You were holding Ron up and he was crying. It's really a classic picture, even more so because unless you know the "back" story you can only imagine what is going on in the wrestler's heads at the moment the shot was taken. I saw this picture once about 25 years ago and it still sticks in my head. I was wondering if you could clarify: I am assuming your coach was named Saunders. He wasn't the one who spoke of gassing out. Like I said above, I thought Ron was coached at FDU by a guy he used to refer to as "Metz". It was either Ron's coach (whoever he might have been) or perhaps Ron himself that stated in the article that Ron had "gassed out". I also remember now that there was some suggestion that he had come down with a flu, which might explain his reaching a state of exhaustion by the end of the match. Or perhaps you just kicked his ass in in the last 2 periods.

Speaking of Stu Pruzanski, I never met him , but I knew his brother Dave a bit. Dave owned a gym in the early '80's and our Judo club used to work out there for a while. This was another guy who never really told you much about himself. I only found out years later that he once wrestled Gable to a tie. He was also the only guy to ever win US National championships in Judo, wrestling, and Sombo, all in the same year. (?1972). Years later, maybe 1985 or so, he decided to make a comeback in Judo. He cut a shit load of weight and ended up fighting me in the finals of a small regional tournament. I beat him by decision, but really got no satisfaction out of beating a guy who was so out of shape. Can't remember if this was before or after one of his kids committed suicide.

Ethan

Date: Thu, 19 Nov 2009 23:49:19 -0800
From: [email protected]
Subject: RE: Your NYU Wrestling Experience
To: [email protected]

Roger Saunders was my coach at NYU and clearly, a great one at that, who subsequently went to Bloomsburg where he was ultimately Athletic Director on last info. Bob Metz had quite a few winning teams at FDU, but he was not Saunders whose brother's wrestling success I alluded to so as to emphasize his wrestling prowess as no fluke. The last I heard of Dave Pruzansky he was diving out of a window of his house to evade police who had busted his drug-dealing operation. As a wrestler he was no joke and you did well to beat him and are too modest. I included reference to pruzansky because they developed a very curious, bizarre, and almost gang-like mentality within their "wrestling click". Upon information, many (if not all) of their clique "amped up" on amphetamines before their matches. Very close to their clique was the very weird and corrupt ref spike israel. The very quiffy spike israel had a "little buddy" jim fiore and had recruited David and his little buddy (among others) to Temple University to which he had some connection, and actually attempted to recruit me to same. I didn't take him seriously; firstly, because he told everyone he had been a state champ (bull s**t); secondly, because he had screwed me in a high school match wherein I had pinned leonard pruzanzky in the first period (I had him on his back almost the entire first period and israel gave me no back points, 2 or 3 for near fall, let alone the pin, and just the takedown and I lost by a point on riding time-leg ride). In an open tournament (I think Stroudsburg?), I was looking at the seedings/pairings/chart and David came up behind me pointed to my entry and said to the guy he was with that I had beaten his brother leonard. Roger required our team during one Christmas break to compete in my first and only free-style tournament. I was up two weight classes and David won quite handily. That was the third time I had beaten Ron and frankly, I did grind him into the mat and kick his ass for the late balance of the first period and the remainder of the match.

The following is a reply on facebook to someone who said I beat him in wrestle-off and

completes my wrestling story.

Good luck to you in all your endeavors.

Regards,

Al Peia

Howard:

Thank you for your gracious and overly humble comment. Over time, such things become less and less important and I can't say that I actually recall that, per se. As we both know, wrestling was never a pleasant undertaking and although I respect(ed) the sport, I made it a point never to set foot on a mat off season. You may also find it somewhat ironic that I actually had made the basketball team (Hubie Brown for whom I had high regard was varsity coach and Richie Szura the J.V. coach), which sport I enjoyed; and in a meeting arranged by Dan Deluca (I had won a tournament in junior high and the match against the rival Thomas Jefferson Junior High) with Coach Szura wherein Szura nicely but candidly told me that although I had made the team, "that I wasn't the tallest of angels" (which I thought was very funny and we all laughed) and essentially I'd be warming the bench while Deluca guaranteed me a varsity letter for wrestling the easy matches since varsity wrestler Richard Zocco was having difficulty making weight (he never made weight). As trite and cliched as it sounds, it was the varsity letter guarantee that sealed the deal (and in my mind, the prospective "help with the babes therefrom" - actually, it was only the pretty sophomores with whom it ultimately paid dividends so to speak - how very high school). I had a great Coach in Roger Sanders who recruited me to NYU (Roger and his brother Richard, a CIA agent/mechanic, were both national champions). Wrestling has always been an important learning experience for me. Such a kind and humble remark as yours deserved a greater explanation.

Al
______

From: ethan lichtblau <[email protected]>
Subject: RE: Your NYU Wrestling Experience
To: "Al Peia" <[email protected]>
Date: Monday, November 23, 2009, 5:30 AM

Truly, thanks for all your info. Interesting that you should mention Spike Israel. I am assuming that the word "quiffy" is code for "gay". Spike was coach at Tenafly High when I was in high school, and was known to "like boys". Apparently he taught the Tenafly guys only one move, the Granby roll, which they were all quite good at, but very little else. Besides Ron in the early '70's and Steve and Dave Yale in the later '70's Tenafly basically had no decent wrestlers during that period. Not really sure if this was a coaching issue or recruiting issue. Our high school (DMHS in Englewood) had former state champ Bob Hurley (Bergenfield) as our assistant coach and former state runner up Reggie Williams (Hackensack) as head coach, and we also fielded very few good wrestlers during those years.

Ethan

--- On Thu, 11/19/09, ethan lichtblau <[email protected]> wrote:

From: ethan lichtblau <[email protected]>
Subject: RE: Your NYU Wrestling Experience
To: "Al Peia" <[email protected]>
Date: Thursday, November 19, 2009, 2:07 PM

Ethan:

"As a wrestler he was no joke and you did well to beat him and are too modest."
To reiterate: you are far too modest!

Good luck to you in all your endeavors.

Regards,

Al Peia

Harvey Schwartz

Albie...it's good to see you after all years...how are you?...you look good...what have you been up to for the last 40 years?..jeez can you believe it's been that long...i've been in Colorado since '71...went to U of Colorado, married Debbie Simon from FLHS class of 1970 in 1975...we have 2 daughters, 28 & 30...Deb is a Speech Specialist in the public schools and i'm a disabled photographer trying to rehab my back so i can get back to work...so what's your story?...hope all is well...and welcome to the dark side...

Thanks for the pic. It's a much clearer version than that on Wal's (Gary Wallen) page which I saved and photoshoped a bit. You seem quite adept at such. I had the picture myself but it actually was stolen among others by a southern ...See More

September 30, 2009 at 11:31pm · Like

Jeff Laderman That takes me back. I was in Cub Scouts, too. Must have been a different den.

April 27, 2010 at 6:10pm · Like

Al Peia Different pack, I would say. Are you the same Jeff who played trumpet Warren Point with Mr. Lucas?

April 28, 2010 at 1:59am · Like

Jeff Laderman I'm impressed. You remembered the music teacher's name. Yes, that was me, but I played clarinet for all of one year.

April 29, 2010 at 6:29pm · Like

Al Peia

Jeffrey:

Sorry for the lapse in memory;quite embarrassing for me. I thought on it more and realized that it was Jeffrey Weiss I was thinking of.

Regards,
...See More

April 30, 2010 at 12:56am · Like

Al Peia The missing names in the photo are Robert Meyers, Peter Holmes, and Freddy Fredericks.

Hey Albie

Long time no see!!

October 29, 2009

Al Peia

Reply

Whatever it is, it's been a long time. You might contact Wal (Gary Wallen), Eggi (Egils Obsteins), and Stu (Sherman) for your "Miss Madison", 500,000 WANTED!!! WOODSTOCK 1969 - 2009 40th ANNIVERSARY FACEBOOK GROUP . I was working at a swim club and couldn't get off to go with them (to Woodstock).

Regards,

Al

October 30, 2009

My mom worked for me. Boy was she sorry..... I spent most of my time with Don Ruffilo, 69. Just saw him down here. It was great

Seeing Hendrix at dawn when we were covered with mud was a once in a lifetime......

October 30, 2009

Al Peia

I remember Don (tell him I said hi).....who talked us into going skiing, which was my first and last time for that (I almost broke my ankle). His girlfriend cried all the way home. - Wal was very disturbed by the unsanitary conditions at Woodstock according to Eggi and Stu.

Ellen Silverstein Levitt

Happy Birthday, Albie! Wishing you a great day.

Like · · See Friendship · April 27, 2011 at 6:13am

Al Peia Hello Ellen:

Thank you for the second year in a row for the birthday wish, and though somewhat remiss in such things as this I'll make sure I don't miss yours. You may recall (just a few years ago) at Steve Marcus' Bar Mitzvah at B'Nai Birth (?) how I walked into the chapel sans yarmilke and shawl and got a few looks. Your Dad interupted his duties to attend to my 'lapse in protocol' and escorted me to a separate room and supplied with same. He seemed amused by it all which I thought was very cool; and, I thought to myself what an nice, intelligent, and balanced man he was.[ In today's environment, such as it is, I would probably have been accused of anti-semitism and taken out back and shot ... just kidding! (such an accusation would have been ridiculous then as now). ]

Regards,

Al

April 27, 2011 at 8:23am · Like

Ellen Silverstein Levitt Hi Al....I can't believe you remembered that incident from Steve's Bar Mitzvah - I didn't. Sounds like my Dad. He continued to be an active participant in whatever temple he belonged to (they moved to Atlanta and then to CA), until dementia took that part of him. He lived until 94 1/2, passsed away in Jan., 2009. The last 2 years were difficult ones, but until then, he was mentally and physically together.

April 27, 2011 at 5:37pm · Like

Ellen Silverstein Levitt Hope you had a great day!

April 27, 2011 at 5:37pm · Like

Al Peia Sorry to hear of your substantial loss.

April 27, 2011 at 6:22pm · Like

Ellen Silverstein Levitt Thanks, but have great memo

April 27, 2011 at 6:32pm · Like

October 30, 2009

Being on this site, I forgot how much I missed everyone. Live in FL, you?

October 30, 2009

Al Peia

I'll be leaving the country soon.

November 2, 2009

Where are you going. I am saving to go to Guatemala on a mission trip with my church.

November 2, 2009

Al Peia

I am not well traveled as yet (carribean, canada, etc., only) and so it will be various, and ultimately Hong Kong owing to China's prospective good fortune as a world leading nation, along with Russia et als.

November 4, 2009

I lived in Europe for eight years. I started my German with Herr Garris in Fair Lawn.

Got pneumonia in Canterbury Catherdral. LOL

November 4, 2009

Al Peia

I always liked Herr Garris though never took German. He was quite an athlete (gymnast) in his day and he returned the hate (to bichler) that the very prejudiced hebrew bichler (bichler failed Jeff Mosenine because Jeff was half Arab) had for him.

November 6, 2009

I took German after I left school in Germany for eight years. He gave me a great foundation. I did not know he was a gymnast! You would know that being an athlete. Do you still doing anything athletic, like run or..... You don's seem like you were ever a couch potato kind of guy. So did you take Russian to ready yourself for your trip?

November 6, 2009

Did you go to the reunion in 2003?

November 7, 2009

Al Peia

I hope we're referring to the same German teacher that taught at Fair Lawn High, in the classroom across from my social studies class with that prejudiced zionist hebrew bichler (My yearbooks were among the items stolen in jersey). He was husky, bald and had congratulated me subsequent to my upsetting defending Regional Champion harvey gold in the District Tournament Finals. He took out some of his competition photos including high-bar gymnastics which sport always amazed me inasmuch that was an inherited trait of ancient primates that never manifested in me, nor did I even think of trying. He also praised the sport of wrestling because you
use every muscle in your body, which is true. I like Russia (and what's not to like about Russian girls), but not when they were the Soviet Union and I was very happy when Latvia got it's independence which made me think of Eggi, and particularly Eggi's dad who was extremely intelligent, cultured, and talented. Wal took Russian, I took French; but I have no facility with languages (including computer programming languages) other than what I initially learned and some code (html, etc.). I think I should invest in one of those elctronic translators. I work out at LATTC's gym/workout center. It is unlikely that I will ever set foot in the state of jersey again since I have more well connected (mob, etc.) enemies there than I care to think of.

Elizabeth, Elizabeth, Elizabeth ... That about does it from me to you prospectively since I'm "developing a case of carpal tunnel syndrome from all this typing".

Regards and Good Luck!

Al Peia

November 9, 2009

Albie, I thought there was only one German teacher....... I really did not know what an athlete he was. He must have loved our school though. We had the best athletic program!
I don't know if you remember Lew Detmering or not. I have know him since I was taller than he was. I was three and he was two. He was my neighbor. He told me about a year ago he went to a basketball game in Texas and who was the coach??? Hubie. He started singing in the stands when it got a little quiet. "Our strong bands can nare be broken..........., you know the rest of the alma mater....... Well Hubie turned around and started laughing. Lew's daughters nearly flipped because they thought their Dad was full of it saying he knew Hubie.
We had some crew in our school. I feel sorry for the kids where I live. I work for the Dept of Juvenile Justice in FL and the kids here have no sense of community or family for that matter. The state has become the parents... Sad.
Can't believe your yearbooks got stolen. YOU of all people not to have a yearbook with all you were in them!!!
I didn' ever think I would speak another language, you should give it a try. Before I took German, I had five wasted years of Spanish and all I ever said in any language was Oi Vey!!!

November 9, 2009

Al Peia

If it was only the yearbooks that were stolen, I'd be a bit happier; but, it was far, far more and hence, my animous towards jersey (but not the class), which is forever. I don't know Lew Detmering by name. I think if you sampled coast-to-coast, you'd have to feel very sad nationwide for such is the state of the nation with few exceptions.

Elizabeth, Elizabeth, Elizabeth ... That about does it from me to you prospectively since I'm "developing a case of carpal tunnel syndrome from all this typing".

Regards and Good Luck!

Al Peia

November 11, 2009

I am so excited!!! Just found out a local restaurant owner that I met is going to help me feed my people that are in need here. We had a staff meeting at the restaurant, he introduced me. He is going to give me Mondays at around 4:OO and he said I could feed as many as 100 people. I think that is a little too grand for the staff but I am so happy to be part of this.
Sorry you feel about NJ like you do. I got royally ripped off here. Long story. Went to Gibbs beside college so I type real fast. Have sympathy for the carpal tunnel syndrome. Life is very hard for some people here.

November 11, 2009

Al Peia

In this last message reply to you, I relate the following:

I was in Washington, D.C., at the law firm of reknown lawyer Edward Bennett Williams (even ego-maniac F. Lee Bailey conceded Williams talent?greatness, though Williams was more than just a lawyer, when lawyers were lawyers and not liars as today) on behalf of a client (Williams' firm represented the publisher - not The Washington Post for which I have high regard concerning their respect for the first amendment- and I was there concerning the contractually retained right of review and effectively, revision). It was there that I experienced the most astounding legal experience to date; viz., a word processor/typist who was able to type (not
short hand/stenography) at speeds exceeding what you could read off a written page or even think for that matter, and with complete accuracy. I am amazed by anyone who types nearly as fast, which talent eludes me compounded by my antipathy for same despite having to do same quite a bit. It's not that I'm without manual dexterity (with a year's worth of lessons I could play the piano, albeit somewhat perfunctorily - my piano was among the items stolen in jersey). In sum, I hate typing and hence, I am not into this, so please do not take it personally as my prospective replies to your messages to me will be euphemistically if not accurately as follows:

Elizabeth, Elizabeth, Elizabeth ... My fingers are aching. That about does it from me to you prospectively since I'm "developing a case of carpal tunnel syndrome from all this typing".

Regards and Good Luck!

Al Peia www.albertpeia.com

www.albertpeia.com

Share

November 13, 2009

Hey Billy: It has been a long time! You and your family look great! I always liked your dad whom I considered my friend and thought highly of him. The following summary explains what happened and I'm

Albie, did you know my step brother was Asst Atty General with William French Smith during the Reagan years. My sister in law was Director of Media Relations. What were you doing in Washington?

I too had my piano stolen. In Florida. It was a very nice grand piano. It could play itself if need be. I guess we will not be corresponding unless you get the voice activated program for typing so you do not get carpal tunnel syndrome.

You may google them. Her name is Merrie Spaeth Lezar. His name was Harold (Tex) Joseph Lezar, Jr. I have been orphaned here

Regards and Good Luck to you too!!

Liz

William Bauman

August 4, 2010

Nathanael Young

I've had many bad experiences with hotmail, messenger / outlook express, microsoft products generally (they do gov't shilling, etc., to preserve their monopoly and their record of non-performance). Ar

May 25, 2010

Ira MillerFriends with Neal Remz and 4 others

Hi Ira: ' Been a long time. Glad to hear you're going to be seeing Wal in Florida. Regards, Al

March 11, 2010

Felix Baldenbach

Felix: Do not take this personally, but as I've previously said to long-time friends on facebook, ".....I don't and haven't been to facebook for quite some time - I'm not into the typing.....". My web

March 7, 2010

Doug Thiel

Doug: Thank you for your message; the website was initially intended for the purpose of exposing in the context of the RICO Litigation and cover-up that which I never would have thought possible in t

March 1, 2010

Gary Wallen

family photos

January 25, 2010

Howard Lipstein

Hello Howard: Rather than ponder your message, being a "glass half full kind of guy", I thank you for the compliment. Regards, Al Peia

November 13, 2009

Albie, did you know my step brother was Asst Atty General with William French Smith during the Reagan years. My sister in law was Director of Media Relations. What were you doing in Washington? I to

October 2, 2009

Robert D. Cubby

AL: That's me. I'm well and I hope the same for you. Looking at that photo posted brought back a flood of memories of familiar names and faces. 50 years ago! WOW, that's a lot of history. Be well, it'

Al Peia

Hi Bob:
You were about two streets up (Romana Dr.?), approximately 5th house on the right, across from Joey Lagala’s house.
Hope everythings well with you.
Regards,
Robert D. Cubby

Albie: Happy birthday. Wow that confirmation picture brought back memories. Thanks for sharing.

Like · · See Friendship · April 27, 2011 at 11:54am

Al Peia

Bob:

Thank you for the second year in a row for the birthday wish, and though somewhat remiss in such things as this I'll make sure I don't miss yours. Sorry to hear of your medical difficulties and my best wishes for speedy recovery. As for your jersey government complaints, I've found mob-infested jersey to be totally hopeless [ You might find this link interesting re: same http://www.albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf (I'm waiting
on the FBI whose position will determine mine) - plus, as pertains to the political scenario including the mob, sean hannity lives in jersey, so what can you expect. ] .I include the following which in the process of updating / completing my skills / knowledge base were part of exercises therein (also on my website):

I support the police 100% for good reason and previously wrote: 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 (a police officer here in California was the object of intense criticism for having used a flashlight to subdue a criminal after a long chase so I included that here) . The girl was not that seriously injured, did get her pocketbook and tuition back, and the criminal went to jail. 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

Regards,

Al

April 27, 2011 at 6:13pm · Like

Al Peia

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

The U.S.-Israel trust gap on Iran (Washington Post) [ ‘…We continue to believe that military action against Iran, by Israel or the United States, is not yet necessary or wise. U.S. and Israeli officials share an assessment that, though Iran is building up nuclear capability, it has not taken decisive steps toward building a bomb. In the meantime, the pressures on its leadership — from sanctions, sabotage, the disarray of allies such as Syria and domestic discontent — are growing. The best strategy for now is to fan those flames, which could cause the regime to retreat or even to fall. On that, we agree with the Obama administration…’. Wow! It surely is the drinking water in dc! ‘fan those flames’ says the editorial board; acts of war of themselves and prelude to the false flag op based upon israeli interest and their usual paranoia by projection of their own misdeeds, ill will, greed and malevolence in the region, including possession of illegal nukes and throwing their weight around in the region as if they do. The editorial board once again disappoints with a ‘not quite’ assessment of the realities regarding israel’s militant, intransigent presence in the region while looking askance with blinders at the real provocateurs in the region; viz., israel, america, and to a lesser extent to all their detriment, the west generally.

Pretext For War: String of Global Bombings Blamed on Iran

Tony Cartalucci | Already, the corporate-media and certified warmongers alike are pinning the recent bombings in Bangkok, Thailand on “bungling” Iranian terrorists.

Navy Seals Say False Flag to be Blamed on Iran May Happen at Anytime: Ed Asner

Kurt Nimmo | Navy Seals told Asner a military action against Iran is forthcoming and will be preceded by a false flag attack.

Report: Mossad bolsters activity in Tunisia

YNet News | Israeli intelligence agency collaborating with CIA to revive spy network after revolution, Tunisian journal reports.

Drastic Outcome: West ‘could fire first shots of WW3′ in Syria

RT | Russia says it will study an Arab League proposal for a joint Arab-UN peacekeeping mission in Syria.

Israel Blames Iran for Convenient Bombing

Tony Cartalucci | No deaths, just long sought after provocations; a geopolitical gambit executed with the proficiency of Mossad.

Is Western Democracy Real or a Facade?

Paul Craig Roberts | The United States government and its NATO puppets have been killing Muslim men, women and children for a decade in the name of bringing them democracy.

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

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

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

Obama plan: Debt will be $1 trillion higher in a decade than forecast Budget delays action on deficits in favor of spending on Democratic priorities aimed at middle class. (Washington Post) [ And you can take that to the bank! After all, we all know how ‘accurate’ - NOT! - wobama’s forecasts / promises are when in election mode; and, how so, so conservative in his assumptions, projections –NOT!- regarding same.

The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm ] Full moon has helped keep the lunatics’ huge suckers’ rally going with across the board media et als complicity (infra). But not quite today as reality catches up somewhat, though typlical suckers’ surge into the close off lows. This will all end quite badly and is much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles. This global suckers’ rally is based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare (which is being injected sub rosa, see infra), bad news, fraud, bs, and desperation alone, as suckers’ rallies ushered in the new year in a most preposterous fashion [Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’ for the superstitious so-called ‘January effect’ based on based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, bs, and desperation alone to suck suckers in and keep suckers sucked in! Don’t be their fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s using the up moves to reduce risk assets / stocks / exposure, in other words, he’s selling the rallies which is sound advice. The fundamentals/realities, current and prospective, are worse than ever. There are no systems/formulas for these unprecedentedly dire times. Don’t be their sucker! This is an especially great opportunity to sell / take profits because there’s much, much worse to come! Here’s a simple chart of the Dow’s history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als.] with lingering intoxication an explanation as the printing presses and issuance of worthless insurmountable debt paper are in full throttle globally (a testament to global blindness as the blind follow the blind) making this impending disaster at this time an especially great opportunity to sell / take profits because there’s much, much worse to come! jersey-lautenberg based adp with 100% better than expectations private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce department data? Labor dept. ue claims / ue numbers? Only a fool believes what they say! ( After One Month Respite, Pink Slips Are Flying Again Durden , Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Durden on 01/06/2012 .. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg , ) The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , ‘…technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57…’ , The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm Why earnings will continue to decline MarketWatch , 10 Things That Every American Should Know About The Federal Reserve Eco.Coll.Blog http://albertpeia.com/10thingsmustknowaboutfedreserve.htm #1 The Federal Reserve System Is A Privately Owned Banking Cartel #2 The Federal Reserve System Is A Perpetual Debt Machine #3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar #4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability #5 The Federal Reserve Is Paying Banks Not To Lend Money #6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging #7 The Federal Reserve System Is Dominated By The Big Wall Street Banks #8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913 #9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence #10 The Federal Reserve Has Become Way Too Powerful , News Flash: The Rally Is Over…For Now The Wall Street Journal 2-10-12 ‘..That’s enough of a pullback for Mr. Arbeter to call a near-term top. He sees the S&P 500 tumbling into the 1290 to 1320 range by early March, with tech stocks as the ”most overbought and vulnerable to some profit taking.”..’ , This Is What An Economic Depression Looks Like In The 21st Century http://albertpeia.com/21centurydepressiongreecedusup.htm 2-10-12 , Macroeconomic problems will not go away MarketWatch , S&P Downgrades 34 Of 37 Italian Banks - Full Statement Durden , The Great Squeeze: Asset Prices Will Fall, While the Cost of Living Will Rise February 13th, 2012 http://gainspainscapital.com , The next Black Swan is coming (Updated)at MarketWatch By Cody Willard … CBO Solution to Budget Crisis – Everyone Bend Over! , Young Adults Jobless And Living At Home With Mom And Dad? http://albertpeia.com/joblesslivinhome.htm , Why Did Economists Get It So Wrong in 2011? The Wall Street Journal , Guest Post: Charting The Federal Reserve's Assets - 1915-2012 Durden 2-12-12 ‘…the Fed has degenerated from a by and large passive institution (dealing only in high-quality self-liquidating commercial paper and gold) to an active pursuant of junk, an enabler of wars, a ‘benevolent’ combatant of the depressions of its own creation…’ , Average Gasoline Price Jumps To Highest In 5 Months Durden 2-12-12 , Athens Burning As Police Runs Out Of Tear Gas Durden 2-12-12 , Unemployment, Foreclosures, Rising Debts and Despair: AMERICA’S SOCIAL CRISIS Bob Chapman | 2012 is going to be a difficult year… **, Leading Economist: “We’re In a No Win Situation… This Is End of the World Type Stuff” Video Mac Slavo | This is an interview that shouldn’t be missed. , Is Greek Side Deal With Finland On Bailout Collateral About To Kill Greek Rescue Again? Durden 2-13-12 , European Financials At Worst Levels In Two Weeks Durden 2-13-12 , Guest Post: The First Dominoes: Greece, Reality, And Cascading Default Durden 2-13-12 , The Daily Market Report Feb 13th, 2012 News The Cradle of Western Civilization Burns (USAGOLD) , Athens Burns: buildings on fire as chaos, riots flare up RT | Technocrats are failing miserably, as Greece realizes it has been completely looted by Euro bankers, Mortgage Settlement Will Plunge Real Estate Values Greg Hunter | It is official. State and federal governments have condoned forgery, perjury and fraud , Is Okun's Law The Latest Casualty Of Central Planning...And BLS Seasonal Adjustments Durden 2-13-12 Okun's rule-of-thumb relates the long-term empirical finding that a country's unemployment rate is closely related to a country's output (or GDP) - perfectly sensible and comprehensible. In fact to be a little more explicit, it is the change in unemployment that is more notable in its relationship to the potential GDP (the output gap). His original work noted that a 3% increase in output corresponds to a 1% decline in unemployment rates (and/or rise in labor force participation, rise in hours worked, and rise in labor productivity) but as Goldman Sachs notes this week, Okun's Law has broken. As they point out, even though US real GDP growth has averaged a meager 2.5% pace since the end of the recession, the unemployment rate has fallen almost two percentage points from its peak. There are three implications, in our view: the unemployment rate is hopelessly miscalculated (and is much higher); potential growth is much lower than economists have been expecting (not such good news for real growth); and the multiplier effect of money has dropped structurally (in other words the implied money flow from more workers is not circulating the way it empirically has to juice growth). It seems to us that none of these are good for growth as the reality of a higher unemployment rate (BLS adjustments aside) is negative, lower potential for growth impacts earnings expectations (as we are already seeing in company and analyst outlooks which has perplexed those market watchers pinning their hopes on the jobless rate), and the balance sheet recessionary impacts of the 'employed' minimizing debt rather than maximizing potential gain is a further drag. Either way, as Goldman notes the potential growth rate going forward (2012 and 2013) is likely to remain quite weak, in the neighborhood of 2% in line with the CBO's dismal views and this could be further exacerbated by the drop in labor force participation we have noted vociferously. , Dave’s Daily: http://www.etfdigest.com ACCIDENT-PRONE MARKETS February 10, 2012 ‘With volume remaining holiday light and many indicators signaling overbought conditions, we’ve suggested markets were an accident waiting to happen**… , Taxpayers Are Owed $133B From Bailouts http://video.foxbusiness.com/v/1416049583001/taxpayers-are-owed-133b-from-bailouts/?playlist_id=87093 , Investors Take Note: A Seismic Shift Has Begun in China… February 10th, 2012 http://gainspainscapital.com , Anxiety over incomes hits consumer morale , The Epic Farce Continues - US Attorneys General "Robosigned" A Foreclosure Settlement Which Does Not Exist Durden , Proof Of LTRO Bank Stigma, Or Why Mario Draghi Is Lying Durden , Obama Revises CBO Deficit Forecast, Predicts 110% Debt-To-GDP By End Of 2013, Worse Deficit In 2012 Than 2011 Durden , Ben Bernanke FTMFW Quote Of The Day Durden And the winner is... BERNANKE: HOUSING MAY NO LONGER BE VIEWED AS SECURE INVESTMENT … Here are some other pearls of ‘is dumb’ from helicopter ben b.s. shalom bernanke : http://albertpeia.com/30bunglebenbernankequotes.htm , Manipulation And Abuse Confirmed In $350 Trillion Market Durden Just over three years ago, Zero Hedge first pointed out some dramatically meaningless inconsistencies in one of the world's most important numbers (which also happens to be "self-reported" and without any checks and balances) - the London Interbank Offered Rate, better known as LIBOR, which is the reference rate of a rather large market. Following that, we made a stronger case that the Libor, should really be abbreviated to LiEbor in "On the Uselessness of Libor" from June 2009, which alleged that this number is essentially manipulated, potentially with malicious intent. That alone got us a very unhappy retort from the British Banker Association (BBA) which is the banker-owned entity set to "determine" what the daily Libor fixing is based on how banks themselves tell us their liquidity conditions are. Well, as has been getting more and more obvious over the past two years, our allegations were 100% correct, and have now manifested in a series of articles digging through the dirt, manipulation and outright crime behind this completely fabricated number. And yet this should be the most aggravated offence in the capital markets, because LIBOR just so happens is the primary driver in determining implicit risk as a reference rate for $350 trillion worth of financial products. That's right - that one little number, now thoroughly discredited, has downtstream effects on $350,000,000,000,000.00 worth of notional assets. That's a lot. And while we are confident that nobody will ever go to prison for LIBOR fraud, which has explicitly been leading investors and speculators alike to believe that risk is far lower than where it truly is… , All The World’s Gold by News (NumberSlueth) http://albertpeia.com/gold.jpg , [ AP: I personally believe significant amounts of american gold reseves have been looted, amounts misstated consistent with the typical patterns of fraud / theft endemic to america in these rather grim, desperate times accompanied by pervasive fraud and corruption. ] , University of Michigan consumer sentiment (prelim) fell to 72.5 in Feb, below market expectations of 74.0, vs 75.0 Jan. , Violence erupts as Greece ponders tough terms for new bailout , US trade gap widened to -$48.8 bln in Dec, near expectations of -$48.0 bln, vs -$47.06 bln in Nov. , MARKETS SINK AND GREECE IS FALLING APART: Here's What You Need To Know Business Insider , Unemployment, Foreclosures, Rising Debts and Despair: AMERICA’S SOCIAL CRISIS Bob Chapman | 2012 is going to be a difficult year , 2-10-12 Leading Economist: “We’re In a No Win Situation… This Is End of the World Type Stuff” Video Mac Slavo | This is an interview that shouldn’t be missed http://www.prisonplanet.com/leading-economist-%E2%80%9Cwe%E2%80%99re-in-a-no-win-situation%E2%80%A6-this-is-end-of-the-world-type-stuff%E2%80%9D-video.html , David Rosenberg: Bearish And Sticking To It The Wall Street Journal ’ Rosenberg: We have had three years of fiscal deficits around 10% of GDP. That’s the sort of red ink generally reserved for world wars. We have zero percent policy rates now for three years and a pledge for another three, and on top of that, a central bank that has blown out its balance sheet to a level that is now equivalent to 20% of GDP. With this massive government incursion, wouldn’t it make sense that the economy would have at least some modest growth? The question will ultimately be answered down the road as to how things look when all this largess unwinds — at some point, the piper gets paid. Rosenberg goes on to describe how the economy’s dependence on government intervention …The economy is sucking off Uncle Sam’s teat — that is the primary source of this seemingly resilient economy. Over the past two years, the American public’s reliance on public funds (housing goodies, expanded welfare, food stamps, extended jobless benefits and other subsidies) has surged 7.5% to 23% (67 million people supported). This metric usually goes down after recessions end — but not this time. And to put it all in perspective, in the severe 1981-82 recession, there was only a 6% increase (and then it fell sharply). So you may want to call the economy “resilient”, but keep in mind that it is still being heavily medicated’ , Dave’s Daily: http://www.etfdigest.com SLOW ASCENT FOR MARKET CONTINUES February 09, 2012 ‘Jobless Claims (358K vs 370K expected) continued to show some improvement but inside the numbers was one standout data point—there was no gain in “new hires”. So we’re still just seeing people falling off the roles , Naked Capitalism Thursday, February 9, 2012The Top Twelve Reasons Why You Should Hate the Mortgage Settlement Posted by Yves Smith , DJ EU CRISIS ROAD MAP: Key Milestones Ahead http://www.dowjones.com/products/djfxtrader/articles/EUCRISISROADMAPKeyMilestonesAhead0209.asp
February 9, 2012 , Infographic: Presenting A World Covered In (Hundred Dollar Bill) Debt Durden 2-9-12 http://albertpeia.com/europeandebtcrisispiigs.htm Our friends at Demonocracy have once again surpassed themselves, and have followed up the infographic showing the truckloads of cash that are needed to rescue the insolvent PIIGS, with this masterpiece which, while making the naive assumption that debt is represented by physical paper (when it is nothing but a bunch of electronic ones and zeros stored in various computers around the world), presents in gloriously visual terms precisely what the literal debt burden of the world's would look like expressed in piles of one hundred dollar bills. The result is quite stunning... , Guest Post: Stop The (Printing) Press!.... If Only We Could Durden 2-9-12 , Calm Before The Storm? Credit Plunges As VIX Futures Jump Most In 2 Months Durden 2-9-12 , Is The Foreclosure Settlement A Shadow Bailout For Broke California Durden 2-9-12 , Guest Post: Self-Interest And The Pathology Of Power: The Corruption Of America Part 2 Durden 2-9-12 The Power Elites' time-honored strategy to protect their own wealth and grip on power has three components: one is to pursue a strategy of pervasive, ceaseless propaganda to persuade the productive classes that the system is sound, fair and working for them; the second is to fund diversionary "bread and circuses" for the potentially troublesome lower classes, and the third is to harden the fiefdoms of power and wealth into an aristocracy that is impervious to the protests of debt-serfs and laborers below. In addition to "the system is working for you" social control myth, the wealth/power aristocracy also invokes various fear-based social control myths: external enemies are threatening us all, so ignore your debt-serfdom and powerlessness, etc… , Is A Greek Uncontrollable Default Inevitable? Durden 2-9-12 It seems … , Money, Money, Everywhere Durden 2-9-12 FX Concepts' John Taylor is out with today's slam dunk de-noisification of all that is irrelevant with the following summary of what is really going on as the world's central banks embark on the latest and hopefully final attempt to reliquify everything. All we can add to Taylor's analysis, especially in light of today's incremental easing in ECB collateral requirements, is that the biggest beneficiary by far of what in a few months will be another multi-trillion balance sheet expansion, is and continues to be hard, non-dilutable, i.e., real, money. Because as fiat currency loses all relevance in a world in which it is printed on a daily basis by the central banks, whether or not we end up with a Weimar scenario, the cash thrown out by the even profitable companies will be increasingly more meaningless. , Economists Surprised Again By Unemployment Claims, Should Not Have Been : ilene : 02/09/2012 - 21:37 Lots of motion, little progress. , Drudgereport: `WIRE: Foreclosure Deal to Spur Home Seizures...` , Israel teams with terror group to kill Iran’s nuclear scientists, U.S. officials tell NBC News NBC News | The group is financed, trained and armed by Israel’s secret service. , The High Cost of 0% Rate Feb 8th, 2012 (24hGold) — The interminable extension by the US Federal Reserve on the 0% rate into 2014 represents history in the making. It is the adoption of pure heresy in monetary policy, making it mainstream. Worse, it forces foreign central banks to adopt the same destructive policy in the Competing Currency War. Once upon a time, the highest priests from the central bank would admit in a guiding tone that accommodation on interest rates must be temporary. Nowadays it is engrained in the market mindset and permanent in monetary policy. The chronic 0% means the entire financial and monetary system is totally irreparably broken…’ , Dollar and America on the Road to Ruin Greg Hunter 2-8-12 By Greg Hunter’s USAWatchdog.com (revised) ‘In the last week or so, I’ve noticed an unusual amount of really well written and researched articles warning of impending doom and financial horror. These articles are not written by a bunch of angry uneducated bloggers but by money managers, investors and financial writers. All are people who got it right leading up to the meltdown of 2008, and my bet is they are right again. The mainstream media (MSM) told you after the 2008 crash, “Nobody saw that coming,” which is a bold faced lie that will not work again…, Kiss Hopes Of Chinese Easing Goodbye: January Inflation In China Soars To Highest Since October Durden 2-8-12 , Are Government Unions Out Of Control? An Infographic Durden 2-8-12 , Greek Meeting Ends Without Conclusion: LAOS Head Refuses To Sign Deal Durden 2-8-12 , Diamond Foods Fires CEO, CFO After Audit Committee Finds Books Have Been "Cooked" For The Past Two Years Durden 2-8-12 First, small momo-favorite companies. Next: entire nations. Finally: the all-seeing, all-dancing central banks…, Bill Gross Explains The European Ponzi Durden 2-8-12 Not like it is news, but... Out of one pocket, into another…, S&P Threatens US With Another Downgrade In As Little As 6 Months Durden 2-8-12 , Bernanke Talks His Book : Bruce Krasting : 02/08/2012 He's in the process of ruining the country. , Ter·ror·ist (Noun): Anyone Who Disagrees with the Government : George Washington : 02/08/2012 - 01:03 Any American Who Criticizes the Government May Be Labeled a Terrorist , Ponzi Proof: Trustee says MF Global sustained itself on customer funds Washington Post | An estimated $1.2 billion of customer money was looted from accounts at MF Global , Jobless Decline Masks Drop in U.S. Labor Force Feb 8th, 2012 (Bloomberg) — The unemployment rate’s unexpected drop to a three-year low has overshadowed a less-positive labor- market development: fewer Americans are looking for work.Last week’s Labor Department announcement that the jobless rate fell to 8.3 percent in January sent stocks and bond yields higher. The same report showed the share of working-age people in the labor force had declined to the lowest level in 29 years…, Andy Hicks ‘In 2010, inventory restocking contributed most to U.S GDP growth. In 2011, it was the rebound of private investment due to Obama's capital equipment tax credit contributing most to U.S GDP growth. The U.S. consumer, though, hasn't really been jumpstarted over the past two years. That is why earnings multiples on the S&P 500 continued to decrease, despite stellar earnings growth from emerging markets. Last week's Q4'11 GDP numbers confirmed, for me, that 2012 will be another year with little U.S. consumer growth, and that earnings multiples for most companies (even those companies named after fruit) will likely continue to compress as we head further into this year…’ , Yes, It Is Halftime In America – So Now Is The Time To Get Your Financial Priorities In Order ECB http://albertpeia.com/halftimeinamerica.htm , Why Is Global Shipping Slowing Down So Dramatically? ECB http://albertpeia.com/globalshipslowingdramatically.htm ‘If the global economy is not heading for a recession, then why is global shipping slowing down so dramatically? Many economists believe that measures of global shipping such as the Baltic Dry Index are leading economic indicators. In other words, they change before the overall economic picture changes. For example, back in early 2008 the Baltic Dry Index began falling dramatically. , Better Safe than Sorry - A Top Seems to be Forming Maierhofer , China's Road to Becoming a Reserve Currency The Wall Street Journal , Believe In A Return To The Gold Standard? You Are Now Officially An Extremist According To The FBI Durden 2-7-12 , Greek Economy Implodes: Budget Revenues Tumble 7% In January On Expectation Of 9% Rise Durden 2-7-12 , Unadjusted Consumer Credit Soars By Most Since Peak Of Credit Bubble In August 2007, Third Highest Ever Durden 2-7-12 As some may remember those long ago days of January, when the market was not still lost in the latest bout of QE-hopium induced euphoria, December sales missed expectations, following even more disappointing November sales, despite propaganda channel promises that the 2011 shopping season was the "strongest ever"... and yet, many were wondering where did the already cash-strapped US consumer procure the cash to shop as much as they did, even if it was well below a record level. Now we know: it was on credit…’ , Spiegel: "It's Time To End The Greek Rescue Farce"Durden 2-7-12 , Illusion of Recovery: Feelings Versus Facts The Burning Platform | The false storyline last week was the dramatic surge in new jobs. , Ron Paul Warns Of Federal Reserve Power Grab: Infowars Nightly News Prisonplanet.com | Ron Paul has warned that a new agency is itself an unconstitutional monster that will further degrade the financial health of the country. , ‘The people out there that believe that the U.S. economy is experiencing a permanent recovery and that very bright days are ahead for us should have their heads examined. Unfortunately, what we are going through right now is simply just a period of "hopetimism" between two financial crashes. Things may seem relatively stable right now, but it won't last long. The truth is that the financial crisis of 2008 was just a warm up act for the economic horror show that is coming. Nothing really got fixed after the crash of 2008. We are living in the biggest debt bubble in the history of the world, and it has gotten even bigger since then. The "too big to fail" banks are larger now than they have ever been. Americans continue to run up credit card balances like there is no tomorrow. Tens of thousands of manufacturing facilities and millions of jobs continue to leave the country. We continue to consume far more than we produce and we continue to become poorer as a nation. None of the problems that caused the crisis of 2008 have been solved and we are even weaker financially than we were back then. ‘ , Presenting The "Rise Of The HFT Machine" - Visual Confirmation How SkyNet Broke The Stock Market On US Downgrade Day Durden 2-6-12 Zero Hedge has not been focusing much on the topic of our broken equity markets recently because if by now, following over three years of coverage, someone is not aware just how fragmented, manipulated and largely broken the market truly is, they never will. Yet every now and then it worth reminding readers who may have stumbled on this blog recently, just how bad things are in graphic format. Our friends at Nanex, who are by far the best forensic analysts of everything that is busted with the US stock market, have completed a masterpiece analysis showing the churning (packet traffic) in the various fragmented US market venues, from the NYSE to the Nasdaq to BATS and so forth, on a daily basis beginning in January 2007 and continuing through today. While the "rise of the HFT machine" over the past 5 years, following the adoption of Reg NMS, will hardly be a surprise to most, what is stunning is the first animated confirmation of the market terminally breaking on August 5, 2011, the day the US was downgraded, an observation that first was made right here on Zero Hedge. Which begs the question: what really happened in the stock market on August 5, 2011 when the US was downgraded to AA+, when everything literally broke, who is intervening constantly in the stock market, and why are they doing so via various HFT intermediary mechanisms? , Contrary to Government Claims of 243,000 Jobs Created, Hundreds of Thousands of Jobs Were Actually LOST In January Washington’s Blog | Government Misrepresents Employment Picture. , Citigroup: Risk of Greek Exit From Euro Has Risen to 50% The Wall Street Journal , Fixed-Income ETFs Rally Despite Europe's Pending Recession Motley Fool , Greece Has No Idea What It’s Gotten Itself Into February 6th, 2012 http://gainspainscapital.com ‘.. the next round of the Euro Crisis is now at our doorstep. Indeed, this latest short-covering rally in the Euro (Euro shorts were at a record high) looks ready to end and reverse ..’ , , Guest Post: What If We're Beyond Mere Policy Tweaks? Durden 2-6-12 The mainstream view uniting the entire political spectrum is that all our financial problems can be fixed by what amounts to top-down, centralized policy tweaks and regulation: for example, tweaking policies to "tax the rich," limit the size of "too big to fail" financial institutions, regulate credit default swaps, lower the cost of healthcare (a.k.a. sickcare), limit the abuses of student loans to pay for online diploma mills, and on and on and on. But what if the rot is already beyond the reach of more top-down policy tweaks? Consider the recent healthcare legislation: thousands of pages of obtuse regulations that require a veritable army of regulators staffing a sprawling fiefdom with the net result of uncertain savings based on a board somewhere in the labyrinth establishing "best practices" that will magically cut costs in a system that expands by 9% a year, each and every year, a system so bloated with fraud, embezzlement and waste that the total sum squandered is incalculable, but estimated at around 40%, minimum....The painful truth is that we are far beyond the point where policy/legalist regulatory tweaks will actually fix what's wrong with America. The rot isn't just financial or political; those are real enough, but they are mere reflections of a profound social, cultural, yes, spiritual rot. This is the great illusion: that our financial and political crises can be resolved with top-down, centralized financial reforms of one ideological flavor or another. It is abundantly clear that our crises extend far beyond a lack of regulation or policy tweaks. We cling to this illusion because it is easy and comforting..’ , Negative Bank Preannouncements Begin Durden 2-6-12 We are not even half way into the quarter, and the negative preannouncements for financials have already begun:MACQUARIE SAYS `SUBSTANTIALLY LOWER LEVELS' OF CLIENT ACTIVITY – BLOOMBERG , Guest Post: Bringing The "Not In The Labor Force" Mystery To Light Durden 2-6-12 , Volumeless Equity Recovery Ignores Broad Risk Asset Derisking Durden 2-6-12 , San Fran Fed Finds Fiscal Stimulus Has Little Impact During Periods Of Economic Growth Durden 2-6-12 It has only been a week since we discussed the San Francisco Fed's research group admitted that water was wet Fed policy will be unable to impact unemployment since the cyclical changes are more structural leading to jobless recoveries as fat is removed from the system. , Guest Post: Illusion Of Recovery - Feelings Versus Facts Durden 2-6-12 The last week has offered an amusing display of the difference between the cheerleading corporate mainstream media, lying Wall Street shills and the critical thinking analysts. What passes for journalism at CNBC and the rest of the mainstream print and TV media is beyond laughable. , MF Global Trustee Finds That Company "Did Not Always Record Cash Movements" Durden 2-6-12 The MF Global Trustee has just released their preliminary report on the progress in uncovering where the vaporized cash went. Bloomberg notes:#1MF GLOBAL DIDN'T ALWAYS RECORD CASH MOVEMENTS, TRUSTEE SAYS#2TRUSTEE SAYS MF HAD SHORTFALL IN COMMODITIES FUNDS START OCT 26#3MF BROKERAGE TRUSTEE TRACED $105 BLN IN CASH MOVEMENT#4MF COMPUTERS COULDN'T TRACK VOLUME IN FINAL DAYS, TRUSTEE SAYSOf course, we know that MF Global is the only company to not follow Fiduciary Principles 101 (client cash commingling) but also Accounting 101 (T square, debits, credits, and all that boring and apparently irrelevant in a time of uber-kleptocracy, stuff) leaving us wondering just how much of that unrecorded cash may be found in unrecorded suitcases in unrecorded bank vaults. , "No Country For Old Men?" Bernanke Plan To Exterminate Savers Is Unsustainable Durden 2-6-12 Bernanke's recognition of his penalizing savers with low rates as an 'issue for people' sparked an interesting note from the WSJ on how sensible and stoic savers are being herded (unsafely) into risky investments… , Greek PM Demands Report On Default, Eurozone Exit Consequences Durden 2-6-12 , Fed’s Bullard: Extended Zero Rate stance ‘A Looming Disaster’ Feb 6th, 2012 (MNI) , Greece lets another deadline slip in bailout poker Feb 6th, 2012 (Reuters) , Illusion of Recovery: Feelings Versus Facts The Burning Platform | The false storyline last week was the dramatic surge in new jobs., 8.3% Unemployment Lie Greg Hunter | The most recent unemployment number is a total lie, and that lie was repeated all over the mainstream media (MSM). , Is Obama's Peace Prize About To Be Confiscated? Nobel Peace Prize Jury Under Investigation Durden on 02/05/2012 [ If it isn’t, it should be! Alternatively, if it isn’t confiscated, the nobel etc. should be abolished or relegated to the international joke they would then be and currently is as a consequence thereof! At the very least, they should be totally ignored until their wobama error is corrected! ] , Goldman Turns Bearish: Squid Releases Top Trades For 2012... And It's Not Pretty Durden .. the squid is bearish. Which is bad news , Market Rally Won't Last Long Forbes , The Worldwide Depression/Recession Of 2012 Jeff Harding

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

Mr. Obama’s budget Editorial Board Better than Republican alternatives, but far from what he promised. (Washington Post) [ Better? I don’t think so. Far from what he promised? How could anyone reasonably, rationally, realistically expect any less from wobama the b for b***s***? Milbank: Obama’s budget games He avoided anything resembling a serious proposal. (Washington Post) [ I’m totally astounded! I really am! I even checked / refreshed to see if this was a print / display error! Praise the Lord! It’s true! Criticism of his much-loved wobama! Even pinched myself to see if I was dreaming. Who woulda think it? Tough love? I’d say we’ll happily take any criticism of wobama by Mr. Milbank as welcomed and nothing short of a monumental breakthrough, whatever the reason. But indeed Mr. Milbank’s quite right and the context is surely typical wobama election-year b***s***!

Obama looks to tame U.S. debt Spending plan would pump nearly $500 billion into new construction projects over the next decade. (Washington Post) [ Tame u.s. debt … Yes indeed, by more record level spending … Sounds like a plan! Well, you know the drill; it’s an election year and it takes money ( that’s not really there, and no, not to make money ) to if not get elected, to enable an argument that, though contraindicated, you should be elected. I think we’ve passed the ‘fool me twice, shame on me’ threshold. Obama Revises CBO Deficit Forecast, Predicts 110% Debt-To-GDP By End Of 2013, Worse Deficit In 2012 Than 2011 Durden , Ben Bernanke FTMFW Quote Of The Day Durden And the winner is... BERNANKE: HOUSING MAY NO LONGER BE VIEWED AS SECURE INVESTMENT … Here are some other pearls of ‘is dumb’ from helicopter ben b.s. shalom bernanke : http://albertpeia.com/30bunglebenbernankequotes.htm , How much has Obama added to debt? OPINION | The amount he’s actually responsible for adding to the deficit is difficult to calculate. (Washington Post) [ Well, when you’re dealing with debased, over-printed fiat currency and insurmountable debt levels, the precise amount of debt added on his watch matters less than the fact that he’s increased america’s debt by an amount in excess of the total amounts of all the nations’ presidents since Eisenhower combined. http://albertpeia/34shockingfactsaboutusdebt.htm , Is the unemployment rate misleading? WONKBLOG | Some point out that it doesn’t count those who’ve given up looking for work. (Washington Post) [ Duh! Ya think? I don’t even buy their raw numbers; and, even if, arguendo, their raw numbers real, they are election year expedient at best for ‘reporting purposes’ and uneconomic, overcostly, and very, very temporary http://albertpeia.com/governmentfraudulentemploymentstats.htm . White House was warned about Solyndra layoffs E-mails show Energy Dept. asked firm in October 2010 to delay news of layoffs until after midterm vote. (Washington Post) [ Those unaffordably costly jobs { to pad stats - Drudgereport: Obama Economists Admit: 'Stimulus' Cost $278,000 per Job... } and those unaffordably costly cars { to pad sales - Drudgereport (on Government Motors): REPORT: Chevy Volt Costing Taxpayers Up to $250K Per Vehicle... CAVUTO: Volt sales inflated with taxpayer fleet buys... } and those unaffordably costly military industrial complex welfare programs . The ‘so-called improvement’? At what cost for election appearances only? (34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://theeconomiccollapseblog.com http://albertpeia.com/34shockingfactsaboutusdebt.htm ‘We have all been lied to. For decades, the leaders of both major political parties have promised us that they can fix our current system and that they can get our national debt under control. As the 2012 election approaches, they are making all kinds of wild promises once again. Well you know what? It is all a giant sham. The United States has gotten into so much debt that there will be no coming back from this. The current system is irretrievably broken… Professor Laurence J. Kotlikoff, the U.S. is facing a "fiscal gap" of over 200 trillion dollars in the future. The following is a brief excerpt from a recent article that he did for CNN...The government's total indebtedness -- its fiscal gap -- now stands at $211 trillion.. The fiscal gap is the difference, measured in present value, between all projected future spending obligations -- including our huge defense expenditures and massive entitlement programs, as well as making interest and principal payments on the official debt -- and all projected future taxes…#33 If you add up all forms of debt in the United States (government, business and consumer), it comes to more than 56 trillion dollars. That is more than $683,000 per family…).

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

Milbank: Obama’s budget games He avoided anything resembling a serious proposal. (Washington Post) [ I’m totally astounded! I really am! I even checked / refreshed to see if this was a print / display error! Praise the Lord! It’s true! Criticism of his much-loved wobama! Even pinched myself to see if I was dreaming. Who woulda think it? Tough love? I’d say we’ll happily take any criticism of wobama by Mr. Milbank as welcomed and nothing short of a monumental breakthrough, whatever the reason. But indeed Mr. Milbank’s quite right and the context is surely typical wobama election-year b***s***!

Obama looks to tame U.S. debt Spending plan would pump nearly $500 billion into new construction projects over the next decade. (Washington Post) [ Tame u.s. debt … Yes indeed, by more record level spending … Sounds like a plan! Well, you know the drill; it’s an election year and it takes money ( that’s not really there, and no, not to make money ) to if not get elected, to enable an argument that, though contraindicated, you should be elected. I think we’ve passed the ‘fool me twice, shame on me’ threshold. Obama Revises CBO Deficit Forecast, Predicts 110% Debt-To-GDP By End Of 2013, Worse Deficit In 2012 Than 2011 Durden , Ben Bernanke FTMFW Quote Of The Day Durden And the winner is... BERNANKE: HOUSING MAY NO LONGER BE VIEWED AS SECURE INVESTMENT … Here are some other pearls of ‘is dumb’ from helicopter ben b.s. shalom bernanke : http://albertpeia.com/30bunglebenbernankequotes.htm , How much has Obama added to debt? OPINION | The amount he’s actually responsible for adding to the deficit is difficult to calculate. (Washington Post) [ Well, when you’re dealing with debased, over-printed fiat currency and insurmountable debt levels, the precise amount of debt added on his watch matters less than the fact that he’s increased america’s debt by an amount in excess of the total amounts of all the nations’ presidents since Eisenhower combined. http://albertpeia/34shockingfactsaboutusdebt.htm , Is the unemployment rate misleading? WONKBLOG | Some point out that it doesn’t count those who’ve given up looking for work. (Washington Post) [ Duh! Ya think? I don’t even buy their raw numbers; and, even if, arguendo, their raw numbers real, they are election year expedient at best for ‘reporting purposes’ and uneconomic, overcostly, and very, very temporary http://albertpeia.com/governmentfraudulentemploymentstats.htm . White House was warned about Solyndra layoffs E-mails show Energy Dept. asked firm in October 2010 to delay news of layoffs until after midterm vote. (Washington Post) [ Those unaffordably costly jobs { to pad stats - Drudgereport: Obama Economists Admit: 'Stimulus' Cost $278,000 per Job... } and those unaffordably costly cars { to pad sales - Drudgereport (on Government Motors): REPORT: Chevy Volt Costing Taxpayers Up to $250K Per Vehicle... CAVUTO: Volt sales inflated with taxpayer fleet buys... } and those unaffordably costly military industrial complex welfare programs . The ‘so-called improvement’? At what cost for election appearances only? (34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://theeconomiccollapseblog.com http://albertpeia.com/34shockingfactsaboutusdebt.htm ‘We have all been lied to. For decades, the leaders of both major political parties have promised us that they can fix our current system and that they can get our national debt under control. As the 2012 election approaches, they are making all kinds of wild promises once again. Well you know what? It is all a giant sham. The United States has gotten into so much debt that there will be no coming back from this. The current system is irretrievably broken… Professor Laurence J. Kotlikoff, the U.S. is facing a "fiscal gap" of over 200 trillion dollars in the future. The following is a brief excerpt from a recent article that he did for CNN...The government's total indebtedness -- its fiscal gap -- now stands at $211 trillion.. The fiscal gap is the difference, measured in present value, between all projected future spending obligations -- including our huge defense expenditures and massive entitlement programs, as well as making interest and principal payments on the official debt -- and all projected future taxes…#33 If you add up all forms of debt in the United States (government, business and consumer), it comes to more than 56 trillion dollars. That is more than $683,000 per family…).

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm ] Full moon has helped keep the lunatics’ huge suckers’ rally going with across the board media et als complicity (infra). But not quite today as reality catches up somewhat, though typlical suckers’ surge into the close off lows. This will all end quite badly and is much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles. This global suckers’ rally is based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare (which is being injected sub rosa, see infra), bad news, fraud, b***s***, and desperation alone, as suckers’ rallies ushered in the new year in a most preposterous fashion [Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’ for the superstitious so-called ‘January effect’ based on based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, b***s***, and desperation alone to suck suckers in and keep suckers sucked in! Don’t be their fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s using the up moves to reduce risk assets / stocks / exposure, in other words, he’s selling the rallies which is sound advice. The fundamentals/realities, current and prospective, are worse than ever. There are no systems/formulas for these unprecedentedly dire times. Don’t be their sucker! This is an especially great opportunity to sell / take profits because there’s much, much worse to come! Here’s a simple chart of the Dow’s history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als.] with lingering intoxication an explanation as the printing presses and issuance of worthless insurmountable debt paper are in full throttle globally (a testament to global blindness as the blind follow the blind) making this impending disaster at this time an especially great opportunity to sell / take profits because there’s much, much worse to come! jersey-lautenberg based adp with 100% better than expectations private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce department data? Labor dept. ue claims / ue numbers? Only a fool believes what they say! ( After One Month Respite, Pink Slips Are Flying Again Durden , Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Durden on 01/06/2012 .. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg , ) The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , ‘…technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57…’ , The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm Why earnings will continue to decline MarketWatch, News Flash: The Rally Is Over…For Now The Wall Street Journal 2-10-12 ‘..That’s enough of a pullback for Mr. Arbeter to call a near-term top. He sees the S&P 500 tumbling into the 1290 to 1320 range by early March, with tech stocks as the ”most overbought and vulnerable to some profit taking.”..’ , This Is What An Economic Depression Looks Like In The 21st Century http://albertpeia.com/21centurydepressiongreecedusup.htm 2-10-12 , Macroeconomic problems will not go away MarketWatch , S&P Downgrades 34 Of 37 Italian Banks - Full Statement Durden , Dave’s Daily: http://www.etfdigest.com ACCIDENT-PRONE MARKETS February 10, 2012 ‘With volume remaining holiday light and many indicators signaling overbought conditions, we’ve suggested markets were an accident waiting to happen… , Taxpayers Are Owed $133B From Bailouts http://video.foxbusiness.com/v/1416049583001/taxpayers-are-owed-133b-from-bailouts/?playlist_id=87093 , Investors Take Note: A Seismic Shift Has Begun in China… February 10th, 2012 http://gainspainscapital.com , Anxiety over incomes hits consumer morale , The Epic Farce Continues - US Attorneys General "Robosigned" A Foreclosure Settlement Which Does Not Exist Durden , Proof Of LTRO Bank Stigma, Or Why Mario Draghi Is Lying Durden , , Manipulation And Abuse Confirmed In $350 Trillion Market Durden Just over three years ago, Zero Hedge first pointed out some dramatically meaningless inconsistencies in one of the world's most important numbers (which also happens to be "self-reported" and without any checks and balances) - the London Interbank Offered Rate, better known as LIBOR, which is the reference rate of a rather large market. Following that, we made a stronger case that the Libor, should really be abbreviated to LiEbor in "On the Uselessness of Libor" from June 2009, which alleged that this number is essentially manipulated, potentially with malicious intent. That alone got us a very unhappy retort from the British Banker Association (BBA) which is the banker-owned entity set to "determine" what the daily Libor fixing is based on how banks themselves tell us their liquidity conditions are. Well, as has been getting more and more obvious over the past two years, our allegations were 100% correct, and have now manifested in a series of articles digging through the dirt, manipulation and outright crime behind this completely fabricated number. And yet this should be the most aggravated offence in the capital markets, because LIBOR just so happens is the primary driver in determining implicit risk as a reference rate for $350 trillion worth of financial products. That's right - that one little number, now thoroughly discredited, has downtstream effects on $350,000,000,000,000.00 worth of notional assets. That's a lot. And while we are confident that nobody will ever go to prison for LIBOR fraud, which has explicitly been leading investors and speculators alike to believe that risk is far lower than where it truly is… , All The World’s Gold by News (NumberSlueth) http://albertpeia.com/gold.jpg , [ AP: I personally believe significant amounts of american gold reseves have been looted, amounts misstated consistent with the typical patterns of fraud / theft endemic to america in these rather grim, desperate times accompanied by pervasive fraud and corruption. ] , University of Michigan consumer sentiment (prelim) fell to 72.5 in Feb, below market expectations of 74.0, vs 75.0 Jan. , Violence erupts as Greece ponders tough terms for new bailout , US trade gap widened to -$48.8 bln in Dec, near expectations of -$48.0 bln, vs -$47.06 bln in Nov. , MARKETS SINK AND GREECE IS FALLING APART: Here's What You Need To Know Business Insider , Unemployment, Foreclosures, Rising Debts and Despair: AMERICA’S SOCIAL CRISIS Bob Chapman | 2012 is going to be a difficult year , 2-10-12 Leading Economist: “We’re In a No Win Situation… This Is End of the World Type Stuff” *Video* Mac Slavo | This is an interview that shouldn’t be missed http://www.prisonplanet.com/leading-economist-%E2%80%9Cwe%E2%80%99re-in-a-no-win-situation%E2%80%A6-this-is-end-of-the-world-type-stuff%E2%80%9D-video.html , David Rosenberg: Bearish And Sticking To It The Wall Street Journal ’ Rosenberg: We have had three years of fiscal deficits around 10% of GDP. That’s the sort of red ink generally reserved for world wars. We have zero percent policy rates now for three years and a pledge for another three, and on top of that, a central bank that has blown out its balance sheet to a level that is now equivalent to 20% of GDP. With this massive government incursion, wouldn’t it make sense that the economy would have at least some modest growth? The question will ultimately be answered down the road as to how things look when all this largess unwinds — at some point, the piper gets paid. Rosenberg goes on to describe how the economy’s dependence on government intervention …The economy is sucking off Uncle Sam’s teat — that is the primary source of this seemingly resilient economy. Over the past two years, the American public’s reliance on public funds (housing goodies, expanded welfare, food stamps, extended jobless benefits and other subsidies) has surged 7.5% to 23% (67 million people supported). This metric usually goes down after recessions end — but not this time. And to put it all in perspective, in the severe 1981-82 recession, there was only a 6% increase (and then it fell sharply). So you may want to call the economy “resilient”, but keep in mind that it is still being heavily medicated’ , Dave’s Daily: http://www.etfdigest.com SLOW ASCENT FOR MARKET CONTINUES February 09, 2012 ‘Jobless Claims (358K vs 370K expected) continued to show some improvement but inside the numbers was one standout data point—there was no gain in “new hires”. So we’re still just seeing people falling off the roles , Naked Capitalism Thursday, February 9, 2012The Top Twelve Reasons Why You Should Hate the Mortgage Settlement Posted by Yves Smith , DJ EU CRISIS ROAD MAP: Key Milestones Ahead http://www.dowjones.com/products/djfxtrader/articles/EUCRISISROADMAPKeyMilestonesAhead0209.asp
February 9, 2012 , Infographic: Presenting A World Covered In (Hundred Dollar Bill) Debt Durden 2-9-12 http://albertpeia.com/europeandebtcrisispiigs.htm Our friends at Demonocracy have once again surpassed themselves, and have followed up the infographic showing the truckloads of cash that are needed to rescue the insolvent PIIGS, with this masterpiece which, while making the naive assumption that debt is represented by physical paper (when it is nothing but a bunch of electronic ones and zeros stored in various computers around the world), presents in gloriously visual terms precisely what the literal debt burden of the world's would look like expressed in piles of one hundred dollar bills. The result is quite stunning... , Guest Post: Stop The (Printing) Press!.... If Only We Could Durden 2-9-12 , Calm Before The Storm? Credit Plunges As VIX Futures Jump Most In 2 Months Durden 2-9-12 , Is The Foreclosure Settlement A Shadow Bailout For Broke California Durden 2-9-12 , Guest Post: Self-Interest And The Pathology Of Power: The Corruption Of America Part 2 Durden 2-9-12 The Power Elites' time-honored strategy to protect their own wealth and grip on power has three components: one is to pursue a strategy of pervasive, ceaseless propaganda to persuade the productive classes that the system is sound, fair and working for them; the second is to fund diversionary "bread and circuses" for the potentially troublesome lower classes, and the third is to harden the fiefdoms of power and wealth into an aristocracy that is impervious to the protests of debt-serfs and laborers below. In addition to "the system is working for you" social control myth, the wealth/power aristocracy also invokes various fear-based social control myths: external enemies are threatening us all, so ignore your debt-serfdom and powerlessness, etc… , Is A Greek Uncontrollable Default Inevitable? Durden 2-9-12 It seems … , Money, Money, Everywhere Durden 2-9-12 FX Concepts' John Taylor is out with today's slam dunk de-noisification of all that is irrelevant with the following summary of what is really going on as the world's central banks embark on the latest and hopefully final attempt to reliquify everything. All we can add to Taylor's analysis, especially in light of today's incremental easing in ECB collateral requirements, is that the biggest beneficiary by far of what in a few months will be another multi-trillion balance sheet expansion, is and continues to be hard, non-dilutable, i.e., real, money. Because as fiat currency loses all relevance in a world in which it is printed on a daily basis by the central banks, whether or not we end up with a Weimar scenario, the cash thrown out by the even profitable companies will be increasingly more meaningless. , Economists Surprised Again By Unemployment Claims, Should Not Have Been : ilene : 02/09/2012 - 21:37 Lots of motion, little progress. , Drudgereport: WIRE: Foreclosure Deal to Spur Home Seizures... , Israel teams with terror group to kill Iran’s nuclear scientists, U.S. officials tell NBC News NBC News | The group is financed, trained and armed by Israel’s secret service. , The High Cost of 0% Rate Feb 8th, 2012 (24hGold) — The interminable extension by the US Federal Reserve on the 0% rate into 2014 represents history in the making. It is the adoption of pure heresy in monetary policy, making it mainstream. Worse, it forces foreign central banks to adopt the same destructive policy in the Competing Currency War. Once upon a time, the highest priests from the central bank would admit in a guiding tone that accommodation on interest rates must be temporary. Nowadays it is engrained in the market mindset and permanent in monetary policy. The chronic 0% means the entire financial and monetary system is totally irreparably broken…’ , Dollar and America on the Road to Ruin Greg Hunter 2-8-12 By Greg Hunter’s USAWatchdog.com (revised) ‘In the last week or so, I’ve noticed an unusual amount of really well written and researched articles warning of impending doom and financial horror. These articles are not written by a bunch of angry uneducated bloggers but by money managers, investors and financial writers. All are people who got it right leading up to the meltdown of 2008, and my bet is they are right again. The mainstream media (MSM) told you after the 2008 crash, “Nobody saw that coming,” which is a bold faced lie that will not work again…, Kiss Hopes Of Chinese Easing Goodbye: January Inflation In China Soars To Highest Since October Durden 2-8-12 , Are Government Unions Out Of Control? An Infographic Durden 2-8-12 , Greek Meeting Ends Without Conclusion: LAOS Head Refuses To Sign Deal Durden 2-8-12 , Diamond Foods Fires CEO, CFO After Audit Committee Finds Books Have Been "Cooked" For The Past Two Years Durden 2-8-12 First, small momo-favorite companies. Next: entire nations. Finally: the all-seeing, all-dancing central banks…, Bill Gross Explains The European Ponzi Durden 2-8-12 Not like it is news, but... Out of one pocket, into another…, S&P Threatens US With Another Downgrade In As Little As 6 Months Durden 2-8-12 , Bernanke Talks His Book : Bruce Krasting : 02/08/2012 He's in the process of ruining the country. , Ter·ror·ist (Noun): Anyone Who Disagrees with the Government : George Washington : 02/08/2012 - 01:03 Any American Who Criticizes the Government May Be Labeled a Terrorist , Ponzi Proof: Trustee says MF Global sustained itself on customer funds Washington Post | An estimated $1.2 billion of customer money was looted from accounts at MF Global , Jobless Decline Masks Drop in U.S. Labor Force Feb 8th, 2012 (Bloomberg) — The unemployment rate’s unexpected drop to a three-year low has overshadowed a less-positive labor- market development: fewer Americans are looking for work.Last week’s Labor Department announcement that the jobless rate fell to 8.3 percent in January sent stocks and bond yields higher. The same report showed the share of working-age people in the labor force had declined to the lowest level in 29 years…, Andy Hicks ‘In 2010, inventory restocking contributed most to U.S GDP growth. In 2011, it was the rebound of private investment due to Obama's capital equipment tax credit contributing most to U.S GDP growth. The U.S. consumer, though, hasn't really been jumpstarted over the past two years. That is why earnings multiples on the S&P 500 continued to decrease, despite stellar earnings growth from emerging markets. Last week's Q4'11 GDP numbers confirmed, for me, that 2012 will be another year with little U.S. consumer growth, and that earnings multiples for most companies (even those companies named after fruit) will likely continue to compress as we head further into this year…’ , Yes, It Is Halftime In America – So Now Is The Time To Get Your Financial Priorities In Order ECB http://albertpeia.com/halftimeinamerica.htm , Why Is Global Shipping Slowing Down So Dramatically? ECB http://albertpeia.com/globalshipslowingdramatically.htm ‘If the global economy is not heading for a recession, then why is global shipping slowing down so dramatically? Many economists believe that measures of global shipping such as the Baltic Dry Index are leading economic indicators. In other words, they change before the overall economic picture changes. For example, back in early 2008 the Baltic Dry Index began falling dramatically. , Better Safe than Sorry - A Top Seems to be Forming Maierhofer , China's Road to Becoming a Reserve Currency The Wall Street Journal , Believe In A Return To The Gold Standard? You Are Now Officially An Extremist According To The FBI Durden 2-7-12 , Greek Economy Implodes: Budget Revenues Tumble 7% In January On Expectation Of 9% Rise Durden 2-7-12 , Unadjusted Consumer Credit Soars By Most Since Peak Of Credit Bubble In August 2007, Third Highest Ever Durden 2-7-12 As some may remember those long ago days of January, when the market was not still lost in the latest bout of QE-hopium induced euphoria, December sales missed expectations, following even more disappointing November sales, despite propaganda channel promises that the 2011 shopping season was the "strongest ever"... and yet, many were wondering where did the already cash-strapped US consumer procure the cash to shop as much as they did, even if it was well below a record level. Now we know: it was on credit…’ , Spiegel: "It's Time To End The Greek Rescue Farce"Durden 2-7-12 , Illusion of Recovery: Feelings Versus Facts The Burning Platform | The false storyline last week was the dramatic surge in new jobs. , Ron Paul Warns Of Federal Reserve Power Grab: Infowars Nightly News Prisonplanet.com | Ron Paul has warned that a new agency is itself an unconstitutional monster that will further degrade the financial health of the country. , ‘The people out there that believe that the U.S. economy is experiencing a permanent recovery and that very bright days are ahead for us should have their heads examined. Unfortunately, what we are going through right now is simply just a period of "hopetimism" between two financial crashes. Things may seem relatively stable right now, but it won't last long. The truth is that the financial crisis of 2008 was just a warm up act for the economic horror show that is coming. Nothing really got fixed after the crash of 2008. We are living in the biggest debt bubble in the history of the world, and it has gotten even bigger since then. The "too big to fail" banks are larger now than they have ever been. Americans continue to run up credit card balances like there is no tomorrow. Tens of thousands of manufacturing facilities and millions of jobs continue to leave the country. We continue to consume far more than we produce and we continue to become poorer as a nation. None of the problems that caused the crisis of 2008 have been solved and we are even weaker financially than we were back then. ‘ , Presenting The "Rise Of The HFT Machine" - Visual Confirmation How SkyNet Broke The Stock Market On US Downgrade Day Durden 2-6-12 Zero Hedge has not been focusing much on the topic of our broken equity markets recently because if by now, following over three years of coverage, someone is not aware just how fragmented, manipulated and largely broken the market truly is, they never will. Yet every now and then it worth reminding readers who may have stumbled on this blog recently, just how bad things are in graphic format. Our friends at Nanex, who are by far the best forensic analysts of everything that is busted with the US stock market, have completed a masterpiece analysis showing the churning (packet traffic) in the various fragmented US market venues, from the NYSE to the Nasdaq to BATS and so forth, on a daily basis beginning in January 2007 and continuing through today. While the "rise of the HFT machine" over the past 5 years, following the adoption of Reg NMS, will hardly be a surprise to most, what is stunning is the first animated confirmation of the market terminally breaking on August 5, 2011, the day the US was downgraded, an observation that first was made right here on Zero Hedge. Which begs the question: what really happened in the stock market on August 5, 2011 when the US was downgraded to AA+, when everything literally broke, who is intervening constantly in the stock market, and why are they doing so via various HFT intermediary mechanisms? , Contrary to Government Claims of 243,000 Jobs Created, Hundreds of Thousands of Jobs Were Actually LOST In January Washington’s Blog | Government Misrepresents Employment Picture. , Citigroup: Risk of Greek Exit From Euro Has Risen to 50% The Wall Street Journal , Fixed-Income ETFs Rally Despite Europe's Pending Recession Motley Fool , Greece Has No Idea What It’s Gotten Itself Into February 6th, 2012 http://gainspainscapital.com ‘.. the next round of the Euro Crisis is now at our doorstep. Indeed, this latest short-covering rally in the Euro (Euro shorts were at a record high) looks ready to end and reverse ..’ , , Guest Post: What If We're Beyond Mere Policy Tweaks? Durden 2-6-12 The mainstream view uniting the entire political spectrum is that all our financial problems can be fixed by what amounts to top-down, centralized policy tweaks and regulation: for example, tweaking policies to "tax the rich," limit the size of "too big to fail" financial institutions, regulate credit default swaps, lower the cost of healthcare (a.k.a. sickcare), limit the abuses of student loans to pay for online diploma mills, and on and on and on. But what if the rot is already beyond the reach of more top-down policy tweaks? Consider the recent healthcare legislation: thousands of pages of obtuse regulations that require a veritable army of regulators staffing a sprawling fiefdom with the net result of uncertain savings based on a board somewhere in the labyrinth establishing "best practices" that will magically cut costs in a system that expands by 9% a year, each and every year, a system so bloated with fraud, embezzlement and waste that the total sum squandered is incalculable, but estimated at around 40%, minimum....The painful truth is that we are far beyond the point where policy/legalist regulatory tweaks will actually fix what's wrong with America. The rot isn't just financial or political; those are real enough, but they are mere reflections of a profound social, cultural, yes, spiritual rot. This is the great illusion: that our financial and political crises can be resolved with top-down, centralized financial reforms of one ideological flavor or another. It is abundantly clear that our crises extend far beyond a lack of regulation or policy tweaks. We cling to this illusion because it is easy and comforting..’ , Negative Bank Preannouncements Begin Durden 2-6-12 We are not even half way into the quarter, and the negative preannouncements for financials have already begun:MACQUARIE SAYS `SUBSTANTIALLY LOWER LEVELS' OF CLIENT ACTIVITY – BLOOMBERG , Guest Post: Bringing The "Not In The Labor Force" Mystery To Light Durden 2-6-12 , Volumeless Equity Recovery Ignores Broad Risk Asset Derisking Durden 2-6-12 , San Fran Fed Finds Fiscal Stimulus Has Little Impact During Periods Of Economic Growth Durden 2-6-12 It has only been a week since we discussed the San Francisco Fed's research group admitted that ~~water was wet~~ Fed policy will be unable to impact unemployment since the cyclical changes are more structural leading to jobless recoveries as fat is removed from the system. , Guest Post: Illusion Of Recovery - Feelings Versus Facts Durden 2-6-12 The last week has offered an amusing display of the difference between the cheerleading corporate mainstream media, lying Wall Street shills and the critical thinking analysts. What passes for journalism at CNBC and the rest of the mainstream print and TV media is beyond laughable. , MF Global Trustee Finds That Company "Did Not Always Record Cash Movements" Durden 2-6-12 The MF Global Trustee has just released their preliminary report on the progress in uncovering where the vaporized cash went. Bloomberg notes:#1MF GLOBAL DIDN'T ALWAYS RECORD CASH MOVEMENTS, TRUSTEE SAYS#2TRUSTEE SAYS MF HAD SHORTFALL IN COMMODITIES FUNDS START OCT 26#3MF BROKERAGE TRUSTEE TRACED $105 BLN IN CASH MOVEMENT#4MF COMPUTERS COULDN'T TRACK VOLUME IN FINAL DAYS, TRUSTEE SAYSOf course, we know that MF Global is the only company to not follow Fiduciary Principles 101 (client cash commingling) but also Accounting 101 (T square, debits, credits, and all that boring and apparently irrelevant in a time of uber-kleptocracy, stuff) leaving us wondering just how much of that unrecorded cash may be found in unrecorded suitcases in unrecorded bank vaults. , "No Country For Old Men?" Bernanke Plan To Exterminate Savers Is Unsustainable Durden 2-6-12 Bernanke's recognition of his penalizing savers with low rates as an 'issue for people' sparked an interesting note from the WSJ on how sensible and stoic savers are being herded (unsafely) into risky investments… , Greek PM Demands Report On Default, Eurozone Exit Consequences Durden 2-6-12 , Fed’s Bullard: Extended Zero Rate stance ‘A Looming Disaster’ Feb 6th, 2012 (MNI) , Greece lets another deadline slip in bailout poker Feb 6th, 2012 (Reuters) , Illusion of Recovery: Feelings Versus Facts The Burning Platform | The false storyline last week was the dramatic surge in new jobs., 8.3% Unemployment Lie Greg Hunter | The most recent unemployment number is a total lie, and that lie was repeated all over the mainstream media (MSM). , Is Obama's Peace Prize About To Be Confiscated? Nobel Peace Prize Jury Under Investigation Durden on 02/05/2012 [ If it isn’t, it should be! Alternatively, if it isn’t confiscated, the nobel etc. should be abolished or relegated to the international joke they would then be and currently is as a consequence thereof! At the very least, they should be totally ignored until their wobama error is corrected! ] , Goldman Turns Bearish: Squid Releases Top Trades For 2012... And It's Not Pretty Durden .. the squid is bearish. Which is bad news , Market Rally Won't Last Long Forbes , The Worldwide Depression/Recession Of 2012 Jeff Harding, STOCKS RISE DESPITE MORE BAD NEWS: Here's What You Need To Know Business Insider Sam Ro ‘As Greece inches toward default and the sufficiency of Europe's EFSF bailout fund is called into question, everyone's worst nightmares of Europe's debt debacle escalating to a systemic crisis could be nearing reality. ‘ , The most accurate forecaster on the Street thinks stocks are going downAdam ParkerBloomberg Morgan Stanley's Adam Parker was crowned the most accurate forecaster when the S&P 500 closed 2011 within a handful of points of his year-end target of 1,238. His 2012 year end target calls for stocks to fall to 1,167. He sees a global economic slowdown hitting corporate profits hard. , An eerie technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57. And there's one thing that'll cause the markets to tip: Europe. “If the history of debt tells us anything it is that one cannot solve a debt crisis by lending more money to the bankrupt and the insolvent,” Zimmerman says. , As it stands, the dollar is toast Laura4Smith Euro Pacific Capital's John Browne thinks the U.S. dollar will soon lose credibility, thanks to manipulation by the Fed. , Persistent delevering will cause the whole world to implode Bloomberg TV Bill Gross kicked 2012 with a particularly gloomy letter. , Home prices will fall another 20% Bloomberg In his latest note, Gary Shilling lays out his 20 investment themes for 2012.Theme #12 calls for home prices to continue plummeting, falling another 20% over the next several years. This is on top of the 33% drop we've already seen. , Greece will hard default and bring everyone else down with it Nomura's permabear Bob Janjuah had some cheery things to say about Greece and it's effect on the markets."The real pain may only be seen in March, when I expect the hard Greece default to happen. In Q1 I expect the S&P will trade down to/below 1000, and core US, UK and German government Bond yields will be closer to 1.5% than 2%." , China is headed for a hardlanding SocGen's Albert Edwards thinks 2013 will be better than 2012. But that's only because he believes 2012 could be the worst year ever. , The US economy is about to tank ECRI's Lakshman Achutan hasn't budged on his recession call, and he has been taking a lot of heat for it. Here's a quote from a recent press release (via Doug Short): "If you think this is a bad economy, you haven’t seen anything yet. And that has profound implications for both Main Street and Wall Street.", Graham Summers’ Weekly Market Forecast (Has the Can Hit the Wall? Edition) http://gainspainscapital.com January 17th, 2012 ‘As usual, bad news was released over the weekend when the least number of people are paying attention… The answer is a Crisis that will make 2008 look like a picnic.This is coming… it’s only a matter of when…’ 17 Facts About The Decline Of The U.S. Auto Industry That Are Almost Too Crazy To Believe http://theeconomiccollapseblog.com http://albertpeia.com/declineusautoindustry.htm ( Warning Signs That We Should Prepare For The Worst http://albertpeia.com/prepareforworst.htm ) Very few things illustrate how dramatically America has been deindustrialized than the stunning decline of the U.S. auto industry. , RealClearMarkets - Gary Shilling: New Global Recession Is Here (It’s actually a depression and no nation will be spared!) http://www.marketwatch.com/story/shilling-says-new-global-recession-is-here-2012-01-20?link=MW_story_popular By Howard Gold NEW YORK (MarketWatch) — ‘For most economists, the main question is whether we will have a new recession. For Gary Shilling, the only question is how big. , 20 Signs That Europe Is Plunging Into A Full-Blown Economic Depression The American Dream | An economic nightmare is descending on Europe. http://albertpeia.com/20signsofeuropedepression.htm , Guest Post: Counterfeit Money, Counterfeit Policy Durden 1/31/12 Counterfeiting is illegal because it is the false creation of value. The counterfeiter takes low-value paper and turns it into high-value money, which is fundamentally a claim on the real productive value of the economy that issues the currency and recognizes it as a proxy means of exchanging that productive value. Counterfeiting is illegal because the counterfeiter creates no additional value--he creates only the proxy for value. Creating real value--adding meaningful goods or services to the economy--is tedious, hard work. How much easier to simply transform near-worthless paper into a claim on actual goods and services. If this is illegal, then would somebody please arrest the Board of the Federal Reserve for counterfeiting? The Fed has blatantly printed money without creating any real value to back up their added claims on productive value. Hence they are counterfeiting, pure and simple. A government based on rule of law would arrest these fraudsters and cons at the earliest possible convenience. , Survey: home prices declined in 19 of 20 cities in November; prices back to 2003 levels Jan 31st, 2012 (AP) , Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ http://albertpeia/americangovernmentdrugtrafficking.htm http://albertpeia/americascorruptiondrugtrade.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”, The Markets Since Their 2000 Highs: We're Not Bouncing Back http://www.bullfax.com/?q=node-markets-their-2000-highs-were-not-bouncing-back ... [ Actually the picture is even worse if the real inflation rate used. Wall street is total fraud and b***s***! Keep in mind, ina addition to loss of principle, the flux / worry takes its toll on health as well as productivity. http://albertpeia.com/3real1.png http://albertpeia.com/3real2.png http://albertpeia.com/3real3.png http://albertpeia.com/3real4.png ] , Market Preview: Insiders (Getting’) Out!!!!!? , The Fed's Dirty Little Secret - QE3 is Already Here ETFguide [ And with all its contraindicated ponzi / inflationary implications. ] , 45% Of Greeks Have Never Used The Internet Durden on 02/02/2012 { These stats are rather shocking to me and surely pathetic. Note Iceland, which has come back after being ravaged by the banksters. http://albertpeia.com/greeksinternet.jpg } , Europe's "Great Deleveraging" Has Only Just Begun Durden on 02/02/2012 While Europe's financial services sector equity prices have retraced almost half of their May11 to Oct11 losses as we are told incessantly not to underestimate the impact of the LTRO, Morgan Stanley points out the other side of the balance sheet will continue to sag. While short-term liquidity (at least EUR-based liquidity as USD FX Swap lines are back at record highs this week) , Guest Post: Fraudulent Debt = Counterfeit Money Durden on 02/02/2012 Let's compare three financial criminals. The first is an old-fashioned counterfeiter who doctors up paper and runs a printing press to produce fake currency. The second criminal borrows money based on a fraudulent asset and phantom future income. , Goldman, Blackstone, Glencore and Facebook. What do they have in common? They all sold the Top. : thetrader : 02/02/2012 Smart money selling again. , Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ http://albertpeia/americangovernmentdrugtrafficking.htm http://albertpeia/americascorruptiondrugtrade.htm ] , House prices hit post-bubble low Washington Post | What Obama didn’t mention in his SOTU address – the housing bust has reached a new all-time low , Obama’s Economic Approval Just 36 Percent Campaign2012 | Only 36 percent of likely voters grade the administration’s handling of the economy at good or excellent. , Bribery, compromised officials leave indicted financial-crime suspects free from prosecution under Holder’s DOJ Daily Caller By Matthew Boyle http://dailycaller.com/2012/02/01/bribery-compromised-officials-leave-indicted-financial-crime-suspects-free-from-prosecution-under-holders-doj/#ixzz1lI97L3C5 | ‘A U.S. Justice Department source has told The Daily Caller that at least two DOJ prosecutors accepted cash bribes from allegedly corrupt finance executives. A U.S. Justice Department source has told The Daily Caller that at least two DOJ prosecutors accepted cash bribes from allegedly corrupt finance executives who were indicted under court seal within the past 13 months, but never arrested or prosecuted. , ‘FULL COVERAGE OF JUSTICE DEPT. SCANDALS http://topics.dailycaller.com/politics/justice-department.htm http://albertpeia.com/dojscandals.htm , I Can’t Take It Anymore! When Will The Government Quit Putting Out Fraudulent Employment Statistics? http://theeconomiccollapseblog.com http://albertpeia.com/governmentfraudulentemploymentstats.htm ‘On Friday, the entire financial world celebrated when it was announced that the unemployment rate in the United States had fallen to 8.3 percent. That is the lowest it has been since February 2009, and it came as an unexpected surprise for financial markets that are hungry for some good news. According to the Bureau of Labor Statistics, nonfarm payrolls jumped by 243,000 during the month of January. You can read the full employment report right here. Based on this news, pundits all over the world were declaring that the U.S. economy is back. Stocks continued to rise on Friday and the Dow is hovering near a 4 year high. So does this mean that our economic problems are over? Of course not. A closer look at the numbers reveals just how fraudulent these employment statistics really are. Between December 2011 and January 2012, the number of Americans "not in the labor force" increased by a whopping 1.2 million. That was the largest increase ever in that category for a single month. That is how the federal government is getting the unemployment rate to go down. The government is simply pretending that huge numbers of unemployed Americans don't want to be part of the labor force anymore. As you will see below, the employment situation in America is not improving. Yet everyone in the mainstream media is dancing around as if the economic crisis has been cancelled. I can't take it anymore! It is beyond ridiculous that so many intelligent people continue to buy in to such fraudulent numbers… http://albertpeia.com/Labor-Force-Participation-Rate-440x264.png , http://albertpeia.com/Employment-Population-Ratio-440x264.png … , Long-Term Unemployment Remains High, Millions Leave Labor Force Matt Cover | Number of long-term unemployed was unchanged at 5.5 million in January, near its record ..

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

Nattering nabobs of negativism The GOP has an anger management problem. (Washington Post) [ This from among the ‘chattering shishkebobs of chauvinism’; viz., wobama’s ever faithful aficionado, Mr. Milbank, whose love and support for all things obama knows no bounds. Negativism … hmmm … how ‘bout reality. Yes, things are that dire, having been made more so by wobama’s failure to abide by his last multitude of campaign promises. Then there’s the spending and now insurmountable debt, all for election year obfuscation of the grim reality. Negativism? How ‘bout plain old reality.

Obama’s lucky break Things are looking good for the president. (Washington Post) [ Yes indeed, if you believe in b***s*** and the parallel universe / reality they’re touting. At some point, the reality’s going to be by necessity the issue rather than the total b***s*** that’s been spoon fed in propaganda form; the false, manipulated data being just a small example of same. Then there’s the misguided actions that have belied the campaign promises of yesteryear. Sweet Mr. Milbank. His love and allegiance to wobama knows no bounds. Those ‘job / unemployment’ numbers are just one of many divergences from reality palmed off as ‘improvement’. Actually, the only thing that has ‘improved’, if size matters and is the criterion, is the size of pervasively corrupt america’s insurmountable and unsustainable debt http://albertpeia/34shockingfactsaboutusdebt.htm .

I Can’t Take It Anymore! When Will The Government Quit Putting Out Fraudulent Employment Statistics? http://theeconomiccollapseblog.com http://albertpeia.com/governmentfraudulentemploymentstats.htm

The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm

White House was warned about Solyndra layoffs E-mails show Energy Dept. asked firm in October 2010 to delay news of layoffs until after midterm vote. (WP) [ Those unaffordably costly jobs { to pad stats - Drudgereport: Obama Economists Admit: 'Stimulus' Cost $278,000 per Job... } and those unaffordably costly cars { to pad sales - Drudgereport (on Government Motors): REPORT: Chevy Volt Costing Taxpayers Up to $250K Per Vehicle... CAVUTO: Volt sales inflated with taxpayer fleet buys... } The wrong call on Keystone On substance, approving the pipeline project should’ve been easy for the administration. (Washington Post) [ For the Editorial Board (or anyone else), their’s is the right call. In truth, I’d have been somewhat surprised by this misguided action of the administration even if the nation was not in dire straits in almost every way imaginable; particularly, financially, economically, and structurally (including infrastructurally). hillary clinton? Oh yeah, that ‘chicago mercantile’ commodities wizard that turned some nominal sum ($3-7,000) into in excess of $100,000 in a rather short period of time (The Wall Street Journal’s expert concluded someone was giving the clintons money). Quite frankly, I’m a bit surprised she was involved at all in the process; being the first Secretary of State in memory to have done so. After all, she’s been so integrally involved in fomenting the prevalent anti-american sentiment throughout the world with great éclat. Then there’s america’s defacto bankruptcy. That’s gotta’ be the ‘last straw’ militating against this imprudent decision. Other astute financial people / commentators / analysts were also a bit ‘shaken’ (by the misstep) but ‘not stirred’ (typical failed americana) http://albertpeia/34shockingfactsaboutusdebt.htm , Obama continues trend of turning to budget director in time of trouble Lew’s replacement of Daley as chief of staff reflects anticipation of fight with Congress on payroll tax. (Washington Post) [ Let’s not sugar-coat the reality here! Given america’s defacto bankruptcy and wildly profligate spending by wobama exceeding by far all others (and the last several combined) thereby exacerbating america’s dire predicament (Dire predicament, forecast, time to ‘get out of Dodge (america)’ http://albertpeia.com/forecastusdebtgetoutofdodge.htm ) it was nothing short of pathetic to hear of wobama’s pre-election year military budget cuts while bragging that his military budget allocation still exceeds that of bush failure 2. Some companies won’t even hire until wobama’s out ( Drudgereport: COMPANY SHOCK: 'WE'RE NOT HIRING UNTIL OBAMA GONE' ) , the ‘budget director’ for his ‘knowledgeable budgetary skills’ is hardly palatable reality even to as gullible an american public as we’ve come to know. There’s a bit more to this story that needs sayin’.Romney’s money problem His nomination may be near, but his routine is getting a bit rich. (Washington Post) [ Yet another of those ‘aw come on Mr. Milbank moments’. I mean really. Wobama’s are as ‘rich’, disingenuous to say otherwise, and his routine, namely b***s***, is past ‘getting old’. After all, wobama can’t run on his clear record of failure as bush failure 3 with what turns out as before, b***s*** alone. The problem is that there’s nothing that can be said of the republican offerings (except Ron Paul) for which it can’t be said of wobama that he’s been there, done that in contravention of all prior campaign promises, to the substantial detriment of the nation. Even his new ‘displacement’ as chief of staff’s a ‘wall street inside man’ (Drudgereport: FLASHBACK: Daley planned to leave AFTER election... , Michelle (a black) distressed about power of 'white Irish Catholic'... , New Obama Chief of Staff: Former Hedge Fund Exec at CITI, Made Money off Mortgage Defaults... (even Castro’s correct on this obvous point regarding the duplicitous wobama ) Castro: 'Robot' better than Obama, Republicans...UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... WP ‘ignore cases that involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown. . Obama missing the mark on defense? President Obama’s defense strategy — and the assumptions underlying it — need a closer look. (Washington Post) [ I really don’t know what the editorial board really is; but that’s the only reason I’m commenting here (on this one) given their most recent, shocking ‘contributions’ to the discourse. First, let’s begin with a fundamental reality; viz., america is hopelessly and insurmountably defacto bankrupt. Second, I’d like to know how these unaffordably expensive military industrial complex (warned against by the great but substantially underrated President General Eisenhower) welfare programs have succeeded in accomplishing anything but the defacto bankruptcy of this nation, created fortunes for the war profiteering few, while fomenting (justifiable) anti-american sentiment globally (that ‘destructive thing’ that rational people abhor). Third, $489 billion in cuts over 10 years (however ‘sold’, ie., ‘new strategy’) is nothing relative to the enormity and insurmountability of the nation’s debt. What need’s a closer look is not so much the ‘new strategy’; but rather that failed abhorrent old strategy, however repackaged, and those who made it. After all, it doesn’t matter so much what they say, as it does what they do. A glaring example is the ‘war on drugs’ given america’s unequivocal involvement in same (infra). As for wobama missing the mark on defense, there isn’t anything whatsoever that wobama hasn’t missed the mark on. Obama flush with financial sector cash The president has managed to raise more money this year from the sector than any GOP contender. (WP) [ So much for obama and OWS; but how ‘bout wobama and obs … yes, more ‘obama b*** s*** ! The quid pro quo … the bribe … Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud )THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , http://albertpeia.com/10mostcorruptpols.htm

Barack Obama: The Naked Emperor Shocking but true revelations from David Icke| infra ‘...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, 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 Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm ‘

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

Trade deficit widens to $48.8 billion in December (Washington Post) [ Yes indeed! Export markets weak consistent with this election-year purposefully underheralded global recession / depression; but more important is the fed’s debased ever more worthless, over-printed Weimar fiat paper currency which misguided policy is designed to help the frauds on wall street (their wealth effect) and making virtually everything, including necessaries, and particularly here, imported oil more expensive. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm ] Full moon helps keep lunatics’ huge suckers’ rally going with across the board media et als complicity (infra). This will all end quite badly and is much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles. This global suckers’ rally is based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare (which is being injected sub rosa, see infra), bad news, fraud, b***s***, and desperation alone, as suckers’ rallies ushered in the new year in a most preposterous fashion [Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’ for the superstitious so-called ‘January effect’ based on based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, b***s***, and desperation alone to suck suckers in and keep suckers sucked in! Don’t be their fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s using the up moves to reduce risk assets / stocks / exposure, in other words, he’s selling the rallies which is sound advice. The fundamentals/realities, current and prospective, are worse than ever. There are no systems/formulas for these unprecedentedly dire times. Don’t be their sucker! This is an especially great opportunity to sell / take profits because there’s much, much worse to come! Here’s a simple chart of the Dow’s history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als.] with lingering intoxication an explanation as the printing presses and issuance of worthless insurmountable debt paper are in full throttle globally (a testament to global blindness as the blind follow the blind) making this impending disaster at this time an especially great opportunity to sell / take profits because there’s much, much worse to come! jersey-lautenberg based adp with 100% better than expectations private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce department data? Labor dept. ue claims / ue numbers? Only a fool believes what they say! ( After One Month Respite, Pink Slips Are Flying Again Durden , Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Durden on 01/06/2012 .. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg , ) The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , ‘…technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57…’ , The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm Why earnings will continue to decline MarketWatch , 10 Things That Every American Should Know About The Federal Reserve Eco.Coll.Blog http://albertpeia.com/10thingsmustknowaboutfedreserve.htm #1 The Federal Reserve System Is A Privately Owned Banking Cartel #2 The Federal Reserve System Is A Perpetual Debt Machine #3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar #4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability #5 The Federal Reserve Is Paying Banks Not To Lend Money #6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging #7 The Federal Reserve System Is Dominated By The Big Wall Street Banks #8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913 #9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence #10 The Federal Reserve Has Become Way Too Powerful , David Rosenberg: Bearish And Sticking To It The Wall Street Journal ’ Rosenberg: We have had three years of fiscal deficits around 10% of GDP. That’s the sort of red ink generally reserved for world wars. We have zero percent policy rates now for three years and a pledge for another three, and on top of that, a central bank that has blown out its balance sheet to a level that is now equivalent to 20% of GDP. With this massive government incursion, wouldn’t it make sense that the economy would have at least some modest growth? The question will ultimately be answered down the road as to how things look when all this largess unwinds — at some point, the piper gets paid. Rosenberg goes on to describe how the economy’s dependence on government intervention …The economy is sucking off Uncle Sam’s teat — that is the primary source of this seemingly resilient economy. Over the past two years, the American public’s reliance on public funds (housing goodies, expanded welfare, food stamps, extended jobless benefits and other subsidies) has surged 7.5% to 23% (67 million people supported). This metric usually goes down after recessions end — but not this time. And to put it all in perspective, in the severe 1981-82 recession, there was only a 6% increase (and then it fell sharply). So you may want to call the economy “resilient”, but keep in mind that it is still being heavily medicated’ , Dave’s Daily: http://www.etfdigest.com SLOW ASCENT FOR MARKET CONTINUES February 09, 2012 ‘Jobless Claims (358K vs 370K expected) continued to show some improvement but inside the numbers was one standout data point—there was no gain in “new hires”. So we’re still just seeing people falling off the roles , Naked Capitalism Thursday, February 9, 2012The Top Twelve Reasons Why You Should Hate the Mortgage Settlement Posted by Yves Smith , DJ EU CRISIS ROAD MAP: Key Milestones Ahead http://www.dowjones.com/products/djfxtrader/articles/EUCRISISROADMAPKeyMilestonesAhead0209.asp
February 9, 2012 , Infographic: Presenting A World Covered In (Hundred Dollar Bill) Debt Durden 2-9-12 http://albertpeia.com/europeandebtcrisispiigs.htm Our friends at Demonocracy have once again surpassed themselves, and have followed up the infographic showing the truckloads of cash that are needed to rescue the insolvent PIIGS, with this masterpiece which, while making the naive assumption that debt is represented by physical paper (when it is nothing but a bunch of electronic ones and zeros stored in various computers around the world), presents in gloriously visual terms precisely what the literal debt burden of the world's would look like expressed in piles of one hundred dollar bills. The result is quite stunning... , Guest Post: Stop The (Printing) Press!.... If Only We Could Durden 2-9-12 , Calm Before The Storm? Credit Plunges As VIX Futures Jump Most In 2 Months Durden 2-9-12 , Is The Foreclosure Settlement A Shadow Bailout For Broke California Durden 2-9-12 , Guest Post: Self-Interest And The Pathology Of Power: The Corruption Of America Part 2 Durden 2-9-12 The Power Elites' time-honored strategy to protect their own wealth and grip on power has three components: one is to pursue a strategy of pervasive, ceaseless propaganda to persuade the productive classes that the system is sound, fair and working for them; the second is to fund diversionary "bread and circuses" for the potentially troublesome lower classes, and the third is to harden the fiefdoms of power and wealth into an aristocracy that is impervious to the protests of debt-serfs and laborers below. In addition to "the system is working for you" social control myth, the wealth/power aristocracy also invokes various fear-based social control myths: external enemies are threatening us all, so ignore your debt-serfdom and powerlessness, etc… , Is A Greek Uncontrollable Default Inevitable? Durden 2-9-12 It seems … , Money, Money, Everywhere Durden 2-9-12 FX Concepts' John Taylor is out with today's slam dunk de-noisification of all that is irrelevant with the following summary of what is really going on as the world's central banks embark on the latest and hopefully final attempt to reliquify everything. All we can add to Taylor's analysis, especially in light of today's incremental easing in ECB collateral requirements, is that the biggest beneficiary by far of what in a few months will be another multi-trillion balance sheet expansion, is and continues to be hard, non-dilutable, i.e., real, money. Because as fiat currency loses all relevance in a world in which it is printed on a daily basis by the central banks, whether or not we end up with a Weimar scenario, the cash thrown out by the even profitable companies will be increasingly more meaningless. , Economists Surprised Again By Unemployment Claims, Should Not Have Been : ilene : 02/09/2012 - 21:37 Lots of motion, little progress. , Drudgereport: WIRE: Foreclosure Deal to Spur Home Seizures... , Israel teams with terror group to kill Iran’s nuclear scientists, U.S. officials tell NBC News NBC News | The group is financed, trained and armed by Israel’s secret service. , The High Cost of 0% Rate Feb 8th, 2012 (24hGold) — The interminable extension by the US Federal Reserve on the 0% rate into 2014 represents history in the making. It is the adoption of pure heresy in monetary policy, making it mainstream. Worse, it forces foreign central banks to adopt the same destructive policy in the Competing Currency War. Once upon a time, the highest priests from the central bank would admit in a guiding tone that accommodation on interest rates must be temporary. Nowadays it is engrained in the market mindset and permanent in monetary policy. The chronic 0% means the entire financial and monetary system is totally irreparably broken…’ , Dollar and America on the Road to Ruin Greg Hunter 2-8-12 By Greg Hunter’s USAWatchdog.com (revised) ‘In the last week or so, I’ve noticed an unusual amount of really well written and researched articles warning of impending doom and financial horror. These articles are not written by a bunch of angry uneducated bloggers but by money managers, investors and financial writers. All are people who got it right leading up to the meltdown of 2008, and my bet is they are right again. The mainstream media (MSM) told you after the 2008 crash, “Nobody saw that coming,” which is a bold faced lie that will not work again…, Kiss Hopes Of Chinese Easing Goodbye: January Inflation In China Soars To Highest Since October Durden 2-8-12 , Are Government Unions Out Of Control? An Infographic Durden 2-8-12 , Greek Meeting Ends Without Conclusion: LAOS Head Refuses To Sign Deal Durden 2-8-12 , Diamond Foods Fires CEO, CFO After Audit Committee Finds Books Have Been "Cooked" For The Past Two Years Durden 2-8-12 First, small momo-favorite companies. Next: entire nations. Finally: the all-seeing, all-dancing central banks…, Bill Gross Explains The European Ponzi Durden 2-8-12 Not like it is news, but... Out of one pocket, into another…, S&P Threatens US With Another Downgrade In As Little As 6 Months Durden 2-8-12 , Bernanke Talks His Book : Bruce Krasting : 02/08/2012 He's in the process of ruining the country. , Ter·ror·ist (Noun): Anyone Who Disagrees with the Government : George Washington : 02/08/2012 - 01:03 Any American Who Criticizes the Government May Be Labeled a Terrorist , Ponzi Proof: Trustee says MF Global sustained itself on customer funds Washington Post | An estimated $1.2 billion of customer money was looted from accounts at MF Global , Jobless Decline Masks Drop in U.S. Labor Force Feb 8th, 2012 (Bloomberg) — The unemployment rate’s unexpected drop to a three-year low has overshadowed a less-positive labor- market development: fewer Americans are looking for work.Last week’s Labor Department announcement that the jobless rate fell to 8.3 percent in January sent stocks and bond yields higher. The same report showed the share of working-age people in the labor force had declined to the lowest level in 29 years…, Andy Hicks ‘In 2010, inventory restocking contributed most to U.S GDP growth. In 2011, it was the rebound of private investment due to Obama's capital equipment tax credit contributing most to U.S GDP growth. The U.S. consumer, though, hasn't really been jumpstarted over the past two years. That is why earnings multiples on the S&P 500 continued to decrease, despite stellar earnings growth from emerging markets. Last week's Q4'11 GDP numbers confirmed, for me, that 2012 will be another year with little U.S. consumer growth, and that earnings multiples for most companies (even those companies named after fruit) will likely continue to compress as we head further into this year…’ , Yes, It Is Halftime In America – So Now Is The Time To Get Your Financial Priorities In Order ECB http://albertpeia.com/halftimeinamerica.htm , Why Is Global Shipping Slowing Down So Dramatically? ECB http://albertpeia.com/globalshipslowingdramatically.htm ‘If the global economy is not heading for a recession, then why is global shipping slowing down so dramatically? Many economists believe that measures of global shipping such as the Baltic Dry Index are leading economic indicators. In other words, they change before the overall economic picture changes. For example, back in early 2008 the Baltic Dry Index began falling dramatically. , Better Safe than Sorry - A Top Seems to be Forming Maierhofer , China's Road to Becoming a Reserve Currency The Wall Street Journal , Believe In A Return To The Gold Standard? You Are Now Officially An Extremist According To The FBI Durden 2-7-12 , Greek Economy Implodes: Budget Revenues Tumble 7% In January On Expectation Of 9% Rise Durden 2-7-12 , Unadjusted Consumer Credit Soars By Most Since Peak Of Credit Bubble In August 2007, Third Highest Ever Durden 2-7-12 As some may remember those long ago days of January, when the market was not still lost in the latest bout of QE-hopium induced euphoria, December sales missed expectations, following even more disappointing November sales, despite propaganda channel promises that the 2011 shopping season was the "strongest ever"... and yet, many were wondering where did the already cash-strapped US consumer procure the cash to shop as much as they did, even if it was well below a record level. Now we know: it was on credit…’ , Spiegel: "It's Time To End The Greek Rescue Farce"Durden 2-7-12 , Illusion of Recovery: Feelings Versus Facts The Burning Platform | The false storyline last week was the dramatic surge in new jobs. , Ron Paul Warns Of Federal Reserve Power Grab: Infowars Nightly News Prisonplanet.com | Ron Paul has warned that a new agency is itself an unconstitutional monster that will further degrade the financial health of the country. , ‘The people out there that believe that the U.S. economy is experiencing a permanent recovery and that very bright days are ahead for us should have their heads examined. Unfortunately, what we are going through right now is simply just a period of "hopetimism" between two financial crashes. Things may seem relatively stable right now, but it won't last long. The truth is that the financial crisis of 2008 was just a warm up act for the economic horror show that is coming. Nothing really got fixed after the crash of 2008. We are living in the biggest debt bubble in the history of the world, and it has gotten even bigger since then. The "too big to fail" banks are larger now than they have ever been. Americans continue to run up credit card balances like there is no tomorrow. Tens of thousands of manufacturing facilities and millions of jobs continue to leave the country. We continue to consume far more than we produce and we continue to become poorer as a nation. None of the problems that caused the crisis of 2008 have been solved and we are even weaker financially than we were back then. ‘ , Presenting The "Rise Of The HFT Machine" - Visual Confirmation How SkyNet Broke The Stock Market On US Downgrade Day Durden 2-6-12 Zero Hedge has not been focusing much on the topic of our broken equity markets recently because if by now, following over three years of coverage, someone is not aware just how fragmented, manipulated and largely broken the market truly is, they never will. Yet every now and then it worth reminding readers who may have stumbled on this blog recently, just how bad things are in graphic format. Our friends at Nanex, who are by far the best forensic analysts of everything that is busted with the US stock market, have completed a masterpiece analysis showing the churning (packet traffic) in the various fragmented US market venues, from the NYSE to the Nasdaq to BATS and so forth, on a daily basis beginning in January 2007 and continuing through today. While the "rise of the HFT machine" over the past 5 years, following the adoption of Reg NMS, will hardly be a surprise to most, what is stunning is the first animated confirmation of the market terminally breaking on August 5, 2011, the day the US was downgraded, an observation that first was made right here on Zero Hedge. Which begs the question: what really happened in the stock market on August 5, 2011 when the US was downgraded to AA+, when everything literally broke, who is intervening constantly in the stock market, and why are they doing so via various HFT intermediary mechanisms? , Contrary to Government Claims of 243,000 Jobs Created, Hundreds of Thousands of Jobs Were Actually LOST In January Washington’s Blog | Government Misrepresents Employment Picture. , Citigroup: Risk of Greek Exit From Euro Has Risen to 50% The Wall Street Journal , Fixed-Income ETFs Rally Despite Europe's Pending Recession Motley Fool , Greece Has No Idea What It’s Gotten Itself Into February 6th, 2012 http://gainspainscapital.com ‘.. the next round of the Euro Crisis is now at our doorstep. Indeed, this latest short-covering rally in the Euro (Euro shorts were at a record high) looks ready to end and reverse ..’ , , Guest Post: What If We're Beyond Mere Policy Tweaks? Durden 2-6-12 The mainstream view uniting the entire political spectrum is that all our financial problems can be fixed by what amounts to top-down, centralized policy tweaks and regulation: for example, tweaking policies to "tax the rich," limit the size of "too big to fail" financial institutions, regulate credit default swaps, lower the cost of healthcare (a.k.a. sickcare), limit the abuses of student loans to pay for online diploma mills, and on and on and on. But what if the rot is already beyond the reach of more top-down policy tweaks? Consider the recent healthcare legislation: thousands of pages of obtuse regulations that require a veritable army of regulators staffing a sprawling fiefdom with the net result of uncertain savings based on a board somewhere in the labyrinth establishing "best practices" that will magically cut costs in a system that expands by 9% a year, each and every year, a system so bloated with fraud, embezzlement and waste that the total sum squandered is incalculable, but estimated at around 40%, minimum....The painful truth is that we are far beyond the point where policy/legalist regulatory tweaks will actually fix what's wrong with America. The rot isn't just financial or political; those are real enough, but they are mere reflections of a profound social, cultural, yes, spiritual rot. This is the great illusion: that our financial and political crises can be resolved with top-down, centralized financial reforms of one ideological flavor or another. It is abundantly clear that our crises extend far beyond a lack of regulation or policy tweaks. We cling to this illusion because it is easy and comforting..’ , Negative Bank Preannouncements Begin Durden 2-6-12 We are not even half way into the quarter, and the negative preannouncements for financials have already begun:MACQUARIE SAYS `SUBSTANTIALLY LOWER LEVELS' OF CLIENT ACTIVITY – BLOOMBERG , Guest Post: Bringing The "Not In The Labor Force" Mystery To Light Durden 2-6-12 , Volumeless Equity Recovery Ignores Broad Risk Asset Derisking Durden 2-6-12 , San Fran Fed Finds Fiscal Stimulus Has Little Impact During Periods Of Economic Growth Durden 2-6-12 It has only been a week since we discussed the San Francisco Fed's research group admitted that ~~water was wet~~ Fed policy will be unable to impact unemployment since the cyclical changes are more structural leading to jobless recoveries as fat is removed from the system. , Guest Post: Illusion Of Recovery - Feelings Versus Facts Durden 2-6-12 The last week has offered an amusing display of the difference between the cheerleading corporate mainstream media, lying Wall Street shills and the critical thinking analysts. What passes for journalism at CNBC and the rest of the mainstream print and TV media is beyond laughable. , MF Global Trustee Finds That Company "Did Not Always Record Cash Movements" Durden 2-6-12 The MF Global Trustee has just released their preliminary report on the progress in uncovering where the vaporized cash went. Bloomberg notes:#1MF GLOBAL DIDN'T ALWAYS RECORD CASH MOVEMENTS, TRUSTEE SAYS#2TRUSTEE SAYS MF HAD SHORTFALL IN COMMODITIES FUNDS START OCT 26#3MF BROKERAGE TRUSTEE TRACED $105 BLN IN CASH MOVEMENT#4MF COMPUTERS COULDN'T TRACK VOLUME IN FINAL DAYS, TRUSTEE SAYSOf course, we know that MF Global is the only company to not follow Fiduciary Principles 101 (client cash commingling) but also Accounting 101 (T square, debits, credits, and all that boring and apparently irrelevant in a time of uber-kleptocracy, stuff) leaving us wondering just how much of that unrecorded cash may be found in unrecorded suitcases in unrecorded bank vaults. , "No Country For Old Men?" Bernanke Plan To Exterminate Savers Is Unsustainable Durden 2-6-12 Bernanke's recognition of his penalizing savers with low rates as an 'issue for people' sparked an interesting note from the WSJ on how sensible and stoic savers are being herded (unsafely) into risky investments… , Greek PM Demands Report On Default, Eurozone Exit Consequences Durden 2-6-12 , Fed’s Bullard: Extended Zero Rate stance ‘A Looming Disaster’ Feb 6th, 2012 (MNI) , Greece lets another deadline slip in bailout poker Feb 6th, 2012 (Reuters) , Illusion of Recovery: Feelings Versus Facts The Burning Platform | The false storyline last week was the dramatic surge in new jobs., 8.3% Unemployment Lie Greg Hunter | The most recent unemployment number is a total lie, and that lie was repeated all over the mainstream media (MSM). , Is Obama's Peace Prize About To Be Confiscated? Nobel Peace Prize Jury Under Investigation Durden on 02/05/2012 [ If it isn’t, it should be! Alternatively, if it isn’t confiscated, the nobel etc. should be abolished or relegated to the international joke they would then be and currently is as a consequence thereof! At the very least, they should be totally ignored until their wobama error is corrected! ] , Goldman Turns Bearish: Squid Releases Top Trades For 2012... And It's Not Pretty Durden .. the squid is bearish. Which is bad news , Market Rally Won't Last Long Forbes , The Worldwide Depression/Recession Of 2012 Jeff Harding, STOCKS RISE DESPITE MORE BAD NEWS: Here's What You Need To Know Business Insider Sam Ro ‘As Greece inches toward default and the sufficiency of Europe's EFSF bailout fund is called into question, everyone's worst nightmares of Europe's debt debacle escalating to a systemic crisis could be nearing reality. ‘ , The most accurate forecaster on the Street thinks stocks are going downAdam ParkerBloomberg Morgan Stanley's Adam Parker was crowned the most accurate forecaster when the S&P 500 closed 2011 within a handful of points of his year-end target of 1,238. His 2012 year end target calls for stocks to fall to 1,167. He sees a global economic slowdown hitting corporate profits hard. , An eerie technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57. And there's one thing that'll cause the markets to tip: Europe. “If the history of debt tells us anything it is that one cannot solve a debt crisis by lending more money to the bankrupt and the insolvent,” Zimmerman says. , As it stands, the dollar is toast Laura4Smith Euro Pacific Capital's John Browne thinks the U.S. dollar will soon lose credibility, thanks to manipulation by the Fed. , Persistent delevering will cause the whole world to implode Bloomberg TV Bill Gross kicked 2012 with a particularly gloomy letter. , Home prices will fall another 20% Bloomberg In his latest note, Gary Shilling lays out his 20 investment themes for 2012.Theme #12 calls for home prices to continue plummeting, falling another 20% over the next several years. This is on top of the 33% drop we've already seen. , Greece will hard default and bring everyone else down with it Nomura's permabear Bob Janjuah had some cheery things to say about Greece and it's effect on the markets."The real pain may only be seen in March, when I expect the hard Greece default to happen. In Q1 I expect the S&P will trade down to/below 1000, and core US, UK and German government Bond yields will be closer to 1.5% than 2%." , China is headed for a hardlanding SocGen's Albert Edwards thinks 2013 will be better than 2012. But that's only because he believes 2012 could be the worst year ever. , The US economy is about to tank ECRI's Lakshman Achutan hasn't budged on his recession call, and he has been taking a lot of heat for it. Here's a quote from a recent press release (via Doug Short): "If you think this is a bad economy, you haven’t seen anything yet. And that has profound implications for both Main Street and Wall Street.", Graham Summers’ Weekly Market Forecast (Has the Can Hit the Wall? Edition) http://gainspainscapital.com January 17th, 2012 ‘As usual, bad news was released over the weekend when the least number of people are paying attention… The answer is a Crisis that will make 2008 look like a picnic.This is coming… it’s only a matter of when…’ 17 Facts About The Decline Of The U.S. Auto Industry That Are Almost Too Crazy To Believe http://theeconomiccollapseblog.com http://albertpeia.com/declineusautoindustry.htm ( Warning Signs That We Should Prepare For The Worst http://albertpeia.com/prepareforworst.htm ) Very few things illustrate how dramatically America has been deindustrialized than the stunning decline of the U.S. auto industry. , RealClearMarkets - Gary Shilling: New Global Recession Is Here (It’s actually a depression and no nation will be spared!) http://www.marketwatch.com/story/shilling-says-new-global-recession-is-here-2012-01-20?link=MW_story_popular By Howard Gold NEW YORK (MarketWatch) — ‘For most economists, the main question is whether we will have a new recession. For Gary Shilling, the only question is how big. , 20 Signs That Europe Is Plunging Into A Full-Blown Economic Depression The American Dream | An economic nightmare is descending on Europe. http://albertpeia.com/20signsofeuropedepression.htm , Guest Post: Counterfeit Money, Counterfeit Policy Durden 1/31/12 Counterfeiting is illegal because it is the false creation of value. The counterfeiter takes low-value paper and turns it into high-value money, which is fundamentally a claim on the real productive value of the economy that issues the currency and recognizes it as a proxy means of exchanging that productive value. Counterfeiting is illegal because the counterfeiter creates no additional value--he creates only the proxy for value. Creating real value--adding meaningful goods or services to the economy--is tedious, hard work. How much easier to simply transform near-worthless paper into a claim on actual goods and services. If this is illegal, then would somebody please arrest the Board of the Federal Reserve for counterfeiting? The Fed has blatantly printed money without creating any real value to back up their added claims on productive value. Hence they are counterfeiting, pure and simple. A government based on rule of law would arrest these fraudsters and cons at the earliest possible convenience. , Survey: home prices declined in 19 of 20 cities in November; prices back to 2003 levels Jan 31st, 2012 (AP) , Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”, The Markets Since Their 2000 Highs: We're Not Bouncing Back http://www.bullfax.com/?q=node-markets-their-2000-highs-were-not-bouncing-back ... [ Actually the picture is even worse if the real inflation rate used. Wall street is total fraud and b***s***! Keep in mind, ina addition to loss of principle, the flux / worry takes its toll on health as well as productivity. http://albertpeia.com/3real1.png http://albertpeia.com/3real2.png http://albertpeia.com/3real3.png http://albertpeia.com/3real4.png ] , Market Preview: Insiders (Getting’) Out!!!!!? , The Fed's Dirty Little Secret - QE3 is Already Here ETFguide [ And with all its contraindicated ponzi / inflationary implications. ] , 45% Of Greeks Have Never Used The Internet Durden on 02/02/2012 { These stats are rather shocking to me and surely pathetic. Note Iceland, which has come back after being ravaged by the banksters. http://albertpeia.com/greeksinternet.jpg } , Europe's "Great Deleveraging" Has Only Just Begun Durden on 02/02/2012 While Europe's financial services sector equity prices have retraced almost half of their May11 to Oct11 losses as we are told incessantly not to underestimate the impact of the LTRO, Morgan Stanley points out the other side of the balance sheet will continue to sag. While short-term liquidity (at least EUR-based liquidity as USD FX Swap lines are back at record highs this week) , Guest Post: Fraudulent Debt = Counterfeit Money Durden on 02/02/2012 Let's compare three financial criminals. The first is an old-fashioned counterfeiter who doctors up paper and runs a printing press to produce fake currency. The second criminal borrows money based on a fraudulent asset and phantom future income. , Goldman, Blackstone, Glencore and Facebook. What do they have in common? They all sold the Top. : thetrader : 02/02/2012 Smart money selling again. , Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm ] , House prices hit post-bubble low Washington Post | What Obama didn’t mention in his SOTU address – the housing bust has reached a new all-time low , Obama’s Economic Approval Just 36 Percent Campaign2012 | Only 36 percent of likely voters grade the administration’s handling of the economy at good or excellent. , Bribery, compromised officials leave indicted financial-crime suspects free from prosecution under Holder’s DOJ Daily Caller By Matthew Boyle http://dailycaller.com/2012/02/01/bribery-compromised-officials-leave-indicted-financial-crime-suspects-free-from-prosecution-under-holders-doj/#ixzz1lI97L3C5 | ‘A U.S. Justice Department source has told The Daily Caller that at least two DOJ prosecutors accepted cash bribes from allegedly corrupt finance executives. A U.S. Justice Department source has told The Daily Caller that at least two DOJ prosecutors accepted cash bribes from allegedly corrupt finance executives who were indicted under court seal within the past 13 months, but never arrested or prosecuted. , ‘FULL COVERAGE OF JUSTICE DEPT. SCANDALS http://topics.dailycaller.com/politics/justice-department.htm http://albertpeia.com/dojscandals.htm , I Can’t Take It Anymore! When Will The Government Quit Putting Out Fraudulent Employment Statistics? http://theeconomiccollapseblog.com http://albertpeia.com/governmentfraudulentemploymentstats.htm ‘On Friday, the entire financial world celebrated when it was announced that the unemployment rate in the United States had fallen to 8.3 percent. That is the lowest it has been since February 2009, and it came as an unexpected surprise for financial markets that are hungry for some good news. According to the Bureau of Labor Statistics, nonfarm payrolls jumped by 243,000 during the month of January. You can read the full employment report right here. Based on this news, pundits all over the world were declaring that the U.S. economy is back. Stocks continued to rise on Friday and the Dow is hovering near a 4 year high. So does this mean that our economic problems are over? Of course not. A closer look at the numbers reveals just how fraudulent these employment statistics really are. Between December 2011 and January 2012, the number of Americans "not in the labor force" increased by a whopping 1.2 million. That was the largest increase ever in that category for a single month. That is how the federal government is getting the unemployment rate to go down. The government is simply pretending that huge numbers of unemployed Americans don't want to be part of the labor force anymore. As you will see below, the employment situation in America is not improving. Yet everyone in the mainstream media is dancing around as if the economic crisis has been cancelled. I can't take it anymore! It is beyond ridiculous that so many intelligent people continue to buy in to such fraudulent numbers… http://albertpeia.com/Labor-Force-Participation-Rate-440x264.png , http://albertpeia.com/Employment-Population-Ratio-440x264.png … , Long-Term Unemployment Remains High, Millions Leave Labor Force Matt Cover | Number of long-term unemployed was unchanged at 5.5 million in January, near its record .. , Dave’s Daily: http://www.etfdigest.com CONTROVERSIAL JOBS REPORT STOKES BULLS February 03, 2012 ‘The jobs report Friday was a ginned-up number but the media and algos don’t look under the hood much it seems. Yes, the unemployment rate fell to 8.3% and 243K new jobs were created and perhaps the number itself will boost confidence.My favorite book from college statistics was ‘How to Lie with Statistics’. I believe the Bureau of Labor Statistics (BLS) may have ripped a chapter or two from the book. The details were interesting and little reported because the media has soap to sell. First a whopping 1.2 million people vanished from the labor force in 2011. That is a massive seasonal/consensus driven adjustment. The BLS assumes those people aged 55 and higher died from the 2010 consensus. (So much for living longer in the USA!)This means the labor force fell to a 30 year low of 63.7%. Around 113K of the gain in employment came from low wage jobs according to CRT Capital Group. Also part-time jobs rose by 699K, the third highest in history, while only 80K full-time jobs were created. Finally, the ISM Services Report, which rose to 56.8 from 52.6, included an increase in sector employment from 49.8 to 57.3, but perhaps didn’t include large sector bank layoffs. Other skeptics included PIMCO’s Bill Gross who tweeted: http://albertpeia.com/grosstweet.htm Respected TrimTabs detailed analysis which mocks the BLS and well regarded blogger Jesse’s Café Americain.Lack of in-depth or accurate reporting aside, the stock market loved the report as it was “dummy up” time in the media. Other data included rising Factory Orders but missed expectations (1.1% vs 1.8% previous & 1.5% consensus)…’ , Obama’s economic policies have created a nation of jobless citizens dependent on government handouts Natural News | It’s no secret that the U.S. national debt is poised to increase by more than $6 trillion during President Obama’s first four years in office., Record 1.2 Million People Fall Out Of Labor Force In One Month, Labor Force Participation Rate Tumbles To Fresh 30 Year Low Durden 2-3-12 A month ago, we joked when we said that for Obama to get the unemployment rate to negative by election time, all he has to do is to crush the labor force participation rate to about 55%. Looks like the good folks at the BLS heard us: it appears that the people not in the labor force exploded by an unprecedented record 1.2 million. No, that's not a typo: 1.2 million people dropped out of the labor force in one month! So as the labor force increased from 153.9 million to 154.4 million, the non institutional population increased by 242.3 million meaning, those not in the labor force surged from 86.7 million to 87.9 million. Which means that the civilian labor force tumbled to a fresh 30 year low of 63.7% as the BLS is seriously planning on eliminating nearly half of the available labor pool from the unemployment calculation.. , Implied Unemployment Rate Rises To 11.5%, Spread To Propaganda Number Surges To 30 Year High Durden 2-3-12 Sick of the BLS propaganda? Then do the following calculation with us: the US civilian non-institutional population was 242,269 in January, an increase of 1.7 million month over month: apply the long-term average labor force participation rate of 65.8% to this number (because as chart 2 below shows, people are not retiring as the popular propaganda goes: in fact labor participation in those aged 55 and over has been soaring as more and more old people have to work overtime, forget retiring), and you get 159.4 million: that is what the real labor force should be. The BLS reported one? 154.4 million: a tiny 5 million difference. Then add these people who the BLS is purposefully ignoring yet who most certainly are in dire need of labor and/or a job to the 12.758 million reported unemployed by the BLS and you get 17.776 million in real unemployed workers. What does this mean? That using just the BLS denominator in calculating the unemployed rate of 154.4 million, the real unemployment rate actually rose in January to 11.5%. Compare that with the BLS reported decline from 8.5% to 8.3%. It also means that the spread between the reported and implied unemployment rate just soared to a fresh 30 year high of 3.2%. And that is how with a calculator and just one minute of math, one strips away countless hours of BLS propaganda. , Marc Faber: "Ron Paul Would Be A Very Good President" Durden on 2-3-12 While Marc Faber shares the usual stock of insightful market commentary, together with timing inflection points, and extended thoughts in the attached Bloomberg TV clip, it is the fact that he has officially joined Bill Gross, and so many others, in supporting the candidacy of Ron Paul as president. It is rather sad that only those who see beyond the surface of the current pyramid scheme facade, are bold enough to endorse the only man who is right for the White House. Fast forward to 15 minutes into the video to hear Marc Faber: "Ron Paul would be a very good president.", Europe Celebrates Its Latest Recession With Record High Gas Prices Durden on 2-3-12 , Is China's Yield Curve Signaling A Harder Landing? Durden on 2-3-12 , Guest Post: Counterfeit Value Derivatives: Follow The Bouncing Ball Durden on 2-3-12 According to the Bank of International Settlements, as of June 2011 total over-the-counter derivatives contracts have an outstanding notional value of 707.57 trillion dollars, ( 32.4 trillion dollars in CDS’s alone). Where does this kind of money come from, and what does it refer to? We don’t really know, because over-the-counter derivatives are not transparent or regulated. With regulated economic markets, when an underlying real asset is impaired (i.e. the company in question is bankrupt, the mortgage has defaulted, etc.), market value is assessed, default insurance is paid up to replacement or full value, bond holders and stock holders make claims on remaining value and the account is closed. There is no need for bailouts because order and proportion of compensation has been established and everything is attached to the value of the underlying asset. When the unreal, counterfeit economy intrudes, you now have a situation where a person can put in an unregulated, but recognized, claim to be paid a thousand times over in case of impairment. Say market participants have negotiated for a bankrupt company a 70% payback for bondholders and (36% payback for insurance claims), and I come with not one but rather 1,000 CDS claims demanding to be paid for each CDS. , Deconstructing The "Massive Beat" in Employment Data : ilene : 2-3-12 If last week's tax data is indicative of what's ahead this month, the "good news" won't be sustained. , Why U.S. Unemployment Rate Is 12.1% http://www.bullseyemicrocaps.com/?p=46058 February 2, 2012 Carlos X. Alexandre: ‘There are plenty of ways of looking at the unemployment numbers, and U3 is the “official unemployment rate.” The U6 measurement is often mentioned to highlight the precarious condition of the job market in America in a broader sense, and according to the Bureau of Labor Statistics (BLS), the official rate is 8.5% while U6 stands at 15.5%. The definition for U6 is as follows: “Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force.” I must acknowledge that the BLS has made modifications to its methods (pdf) over the years, but I used their numbers as published…’ , Why the Notions of Systemic Failure or “Going to Zero” Are On Par with Bigfoot and Unicorns for Most Investors http://gainspainscapital.com February 2nd, 2012 ‘I wanted to take a moment to address the notion of serious collapse and/or systemic failure...Most professional traders are usually under the age of 40 (in fact they’re typically in their mid to late 20s). 1) Didn’t experience the 1987 Crash 2) Have never seen a Crisis that the Fed/ IMF/ etc. couldn’t handle..Most institutional traders today operate, for the most part, based on trading models. These models, in general, are quantitative and based on correlations and patterns, not qualitative judgments..asset managers and other institutional investors, the vast majority of whom are under the age of 50 or so.Based on this age demographic, we find that there is an entire generation of investment professionals (aged 35-50+) who: 1) Have never witnessed nor invested during a bear market in bonds 2) Have never witnessed, nor invested during a credit market collapse 3) Have never witnessed a secular shift in the global economyConsequently, the vast majority of professional investors are unable to contemplate truly dark times for the markets..Here are just a few worth considering: 1) US commercial banks currently sit atop $248 TRILLION in derivatives 2) The US Federal Reserve is now buying 91% of all long-term new US debt issuance (at the same time China and Russia are dumping US bonds) 3) Japan already spends roughly half of its annual -tax revenues on debt payments and has relied on debt issuance more than tax revenues to fund its budget for four years now (how much longer can this last?) 4) Europe’s entire banking system is leveraged at 26 to 1 (Lehman Brothers was leveraged at 30 to 1 when it failed) Folks, bad times are coming. It doesn’t matter what the trading programs or “professionals” thinking about it… the math simply doesn’t add up …’ , .Dave’s Daily: http://www.etfdigest.com FACEBOOK IPO THE WORST KEPT SECRET ON WALL STREET February 01, 2012 [ As per Dave, infra, note the continued prior data revised downward in this continuing ‘data ponzi scheme’ along with a multitude of other ponzi schemes; and, let me add, I don’t believe their data in any event, here and in europe, particularly that contrived / manipulated for this election year. ] ‘Yes, the copy that follows has little to do with Facebook. After all what do we really know about it? The much watched ISM Manufacturing Data (54.1 vs 54.5 consensus and previous 53.1 revised lower) stimulated bulls Wednesday. Cynics believe auto manufacturers are just stuffing inventory to dealers. We’ll see if these cars get sold or not. One thing is clear; it’s easier to buy a car for consumers given industry self-financing than it is to buy a home period. If you have a pulse, you can buy a car. (See U.S. Sector, Stocks & Bond ETFs for GM and linked ETF XLI) Plus owning a new can be more satisfying than most things at least until the new car smell wears off and payments accumulate. Bulls did rally stocks from the opening bell on global manufacturing data including the U.S. ISM report. News that China’s PMI was slightly higher than expected (50.5 versus 50.4 previous) as was Europe’s (48.8 versus 46.9) was part of the stimulant. It may mean no manufacturing slowdown in those regions. Further the eurozone news that Greek debt negotiations with its bond holders would be resolved soon was also bullish. But, later it was announced a settlement may not occur until next week. Where have we heard this stuff before? (See Overseas Sectors & ETFs below for FXI, EZU and EFA).U.S. ADP Employment Data was rather confusing showing a jobs gain of 170K versus the previously revised data (325K to 292K). So jobs gained were weaker but bulls didn’t seem to mind. Construction Spending increased 1.5% but here too, previous data was revised sharply lower to .4% from 1.2% making Wednesday’s data seem better than it really was…’ , AMR wants to cut 13,000 jobs, pensions , JOSH KOPELMAN: “I THINK 2012 WILL LOOK MORE LIKE 2008 THAN 2011″ Erick Schonfeld http://techcrunch.com/2011/11/26/josh-kopelman-i-think-2012-will-look-more-like-2008-than-2011 , Greece Warns It Will Soon Be In "Condition Of Absolute Poverty" Durden 2-1-12 , Market Round-Trips To Yesterday's Open Durden 2-1-12 , "I'm Bill Gross And I Endorse Ron Paul For President" Durden 2-1-12 , "Hours" Downgraded To "Days" - Greek Deal No Longer "Any Hour Now" Durden 2-1-12 , As A Reminder, The President's Mortgage Plan Is "Dead On Arrival" Durden 2-1-12 , GM Channel Stuffing Resumes, January Dealer Inventory Second Highest Ever Durden 2-1-12 Just as we thought GM's channel stuffing days may be coming to an end, and the company may finally be normalizing its inventory management, here come January numbers, where we learn that in addition to car sales declining by 6% compared to a year ago, at 167,962 vehicles sold (of note: "Retail deliveries declined 15 percent compared with the same month a year ago and accounted for 70 percent of GM sales"), it was the all critical month end dealer inventory that caught our attention. And unfortunately as the skeptics expected, GM is back to its old tricks, as dealer inventories rose once again, this time by over 36k units, or the second highest in its post-reorg history, to a near record 619,455 vehicles stored with dealers. This is just the second highest ever in fresh start GM history, second only to November's 623,666. The January-end number represents 89 days supply, but more importantly the recent spike in restocking, which was seen with all other major car dealers, explains the ongoing "expansion" in the US economy as measured by indices such as the ISM. Eventually, when the end demand for these dealer parked vehicles does not materialize..’ , Guest Post: Our Counterfeit Economy Durden 2-1-12 Borrowing money based on imaginary future surpluses is a higher form of counterfeiting. And that is precisely what the U.S. is doing, borrowing immense sums at every level, private, corporate and State/Federal, all leveraged against phantom future surpluses, even as the economy requires some 10% of its supposed output (GDP) to be borrowed and spent on consumption each and every year just to run in place, i.e. the Red Queen's Race (Bernanke, Goldilocks and The Red Queen January 10, 2011). In other words, the U.S. economy is running a massive deficit, and squandering the vast sums being borrowed on consumption and mal-investments. Once you rely on more borrowing against imaginary future surpluses to fund your current expenses, then eventually the costs of servicing that debt exceeds any possible future surplus. The last-ditch "fix" is to simply print units of money (or borrow it into existence like the Federal Reserve)--counterfeiting, pure and simple-- and deceive the market for a time via the illusion that the freshly printed units of money are actually backed by productive value or surplus. As history has shown, eventually the market discovers the actual value of this counterfeit money, i.e. near-zero, and the system implodes. Once there is no more "free money" to fund consumption and mal-investment, then the reality of systemic insolvency is revealed to all. You cannot counterfeit actual surplus value generated by productive assets, you can only counterfeit proxy claims on future surplus. , Some Good News For Those of Us Who Are Sick of the Corruption February 1st, 2012 http://gainspainscapital.com http://albertpeia.com/americascorruptiondrugtrade.htm http://albertpeia.com/fbimartinezcongallard.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

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

Is the unemployment rate misleading? WONKBLOG | Some point out that it doesn’t count those who’ve given up looking for work. (Washington Post) [ Duh! Ya think? I don’t even buy their raw numbers; and, even if, arguendo, their raw numbers real, they are election year expedient at best for ‘reporting purposes’ and uneconomic, overcostly, and very, very temporary http://albertpeia.com/governmentfraudulentemploymentstats.htm . White House was warned about Solyndra layoffs E-mails show Energy Dept. asked firm in October 2010 to delay news of layoffs until after midterm vote. (Washington Post) [ Those unaffordably costly jobs { to pad stats - Drudgereport: Obama Economists Admit: 'Stimulus' Cost $278,000 per Job... } and those unaffordably costly cars { to pad sales - Drudgereport (on Government Motors): REPORT: Chevy Volt Costing Taxpayers Up to $250K Per Vehicle... CAVUTO: Volt sales inflated with taxpayer fleet buys... } and those unaffordably costly military industrial complex welfare programs . The ‘so-called improvement’? At what cost for election appearances only? (34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://theeconomiccollapseblog.com http://albertpeia.com/34shockingfactsaboutusdebt.htm ‘We have all been lied to. For decades, the leaders of both major political parties have promised us that they can fix our current system and that they can get our national debt under control. As the 2012 election approaches, they are making all kinds of wild promises once again. Well you know what? It is all a giant sham. The United States has gotten into so much debt that there will be no coming back from this. The current system is irretrievably broken… Professor Laurence J. Kotlikoff, the U.S. is facing a "fiscal gap" of over 200 trillion dollars in the future. The following is a brief excerpt from a recent article that he did for CNN...The government's total indebtedness -- its fiscal gap -- now stands at $211 trillion.. The fiscal gap is the difference, measured in present value, between all projected future spending obligations -- including our huge defense expenditures and massive entitlement programs, as well as making interest and principal payments on the official debt -- and all projected future taxes…#33 If you add up all forms of debt in the United States (government, business and consumer), it comes to more than 56 trillion dollars. That is more than $683,000 per family…).

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

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

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

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

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

Banks, states reach deal on foreclosure fraud State and federal officials will announce today an estimated $26 billion deal with five major U.S. banks as more than 40 states agree to sign on. Previous holdouts, California and New York, will also join the settlement .290+ comments: ‘Settlement is barely a slap on the hand for the bank’ (Washington Post) [ It really is true that in america, crime does pay and pays very well indeed. The biggest wall street frauds are still extant and unprosecuted despite promises, rhetoric to the contrary (Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of it and in fact continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not one high level wall street exec has been prosecuted … despite ‘earning’ billions from the fraud )THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , http://albertpeia.com/10mostcorruptpols.htm ). Even the so-called ‘drug wars’ are an american government entangled sham (http://albertpeia/americangovernmentdrugtrafficking.htm http://albertpeia/americascorruptiondrugtrade.htm ). I’ve seen the judicial / government corruption first hand ( http://albertpeia.com/fbimartinezcongallard.htm ). America’s decline should come as a surprise to no one.

(Washington Post) [ Such things do wonders for property values; even the most ill-chosen properties. Lesson: ‘If you don’t know a damn thing about much of anything, ie., finance, real estate, business, etc., run for and be part of congress to make being stupid not matter’. I think a more telling example of self-dealing are those steady raises and increased benefits packages that congress continued to vote for themselves despite what we all now know to be jobs so poorly done that the nation is now hopelessly and insumountably broke in every way that could possibky be imagined. House panel weighs insider-trading bill House committee members debated whether they should pass an insider-trading measure targeted at themselves. (Washington Post) [ Yeah … that’s a tough call … Bachmann received federally backed loanWeeks before Michele Bachmann called for dismantling federally subsidized loan programs, she and her husband signed for a $417,000 mortgage. (Washington Post) [ In my MBA thesis (MBA Finance, 1977, NYU GBA), among my conclusions was that ‘timing was everything in stock market investing’. Yes, indeed, you must time the market to be successful, though such position was squarely opposed to a panoply of ‘mechanized mindless approaches’ (ultimately that latter being a rationale to separate you from your money, regardless. In fact, today more than ever, buy and hold’s a sure loser even without the crashes when measured against a ‘real price deflator’ that takes into account the real rate of inflation. Well, in her defense she could always argue that the legislated ban on congressional insider trading hadn’t been passed yet … just kidding! Actually, we all know that just applied to stocks anywho. And, until the congress says those things that are illegal for everyone else are illegal for congress, such illegal activity is not really illegal; for them only, that is. No one’s above the law? Not so in pervasively corrupt, defacto bankrupt america where a clearly illegal act is not illegal for them unless they themselves say it’s to be prospectively considered illegal for them. Ethics? Silly boys and girls, as in , ‘don’t be silly!’. Congressional earmarks sometimes used to fund projects near lawmakers' properties EXCLUSIVE | Thirty-three members of Congress have steered more than $300 million in earmarks and other spending provisions to dozens of public projects that are next to or within about two miles of the lawmakers’ own property, according to a Washington Post investigation. Earmarks alive and well, probe finds A study of defense bill identifies 115 proposals as earmarks, including 20 by GOP freshmen who campaigned against the pet projects.

Guest Post: Counterfeit Money, Counterfeit Policy Tyler Durden on 01/31/2012 Counterfeiting is illegal because it is the false creation of value. The counterfeiter takes low-value paper and turns it into high-value money, which is fundamentally a claim on the real productive value of the economy that issues the currency and recognizes it as a proxy means of exchanging that productive value. Counterfeiting is illegal because the counterfeiter creates no additional value--he creates only the proxy for value. Creating real value--adding meaningful goods or services to the economy--is tedious, hard work. How much easier to simply transform near-worthless paper into a claim on actual goods and services. If this is illegal, then would somebody please arrest the Board of the Federal Reserve for counterfeiting? The Fed has blatantly printed money without creating any real value to back up their added claims on productive value. Hence they are counterfeiting, pure and simple. A government based on rule of law would arrest these fraudsters and cons at the earliest possible convenience.

I Can’t Take It Anymore! When Will The Government Quit Putting Out Fraudulent Employment Statistics? http://theeconomiccollapseblog.com http://albertpeia.com/governmentfraudulentemploymentstats.htm

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

Meyerson: GOP demonizing of Europe is ridiculous (Washington Post) [ Only in the sense that what’s said of europe applies to pervasively corrupt, defacto bankrupt america many times over (somewhat loosely in the realm of that ‘rubber and glue’ defensive word play / repartee that is of familiar use among children). Yet, I’m absolutely astounded by how dumb the europeans have proven themselves to be; ‘snatching defeat from the jaws of victory’ at every turn; displaying a naïvete that makes one wonder just how much an impact those anthropologically famed Neanderthals had on the region. After all, if they really thought that a very desperate, insurmountably debt-ridden and defacto bankrupt america was going to welcome the initially very successful euro in competition with the over-printed, ever more worthless fiat paper weimar dollar with open arms, they then are candidates for swampland in jersey, watches, brooklyn bridges, etc.. Moreover, a review of history including that too recent to be forgotten reveals ineluctably that with friends like the u.s., who needs enemies.

The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm

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

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

Bernanke cautions Senate panelThe Federal Reserve chairman warned the Senate to focus on growth now and deficit cuts later. (Washington Post) [ Well, there you have it; this, from the co-architect of the continued current debacle. This is exactly why accurate financial reporting is absolutely essential; viz., particularly, the fake employment / unemployment numbers and the vastly understated inflation numbers, from gasoline to basic food items to a multitude of other goods. This guy’s failed all mandates relative to the fed http://albertpeia.com/whathasthefeddone.htm ; and is still debasing the overprinted evermore worthless fiat paper weimar dollar currency for the wall street only ‘wealth effect’ which is not real wealth at all but rather a scam / fraud that in addition to the churn-and-earn at lightning computerized speeds, also allows for ‘cash outs’ at face value from paper to hard assets for the fraudulent / complicit few. Like wobama who reappointed him despite his failure, they’re in this together and obfuscation / deception in this election year is all ahead full. Forget the deficits … wealth effect as failed greenspun … print ever more worthless paper Weimar dollar fiat currency … borrow more … etc., clearly, having transferred productive capacity off-shore and is insurmountably defacto bankrupt (America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke…The government’s total indebtedness is $211 trillion’), the nation can neither grow nor borrow its way out of this crisis, and helicopter ben b.s. shalom bernanke is shootin’ for the election to save his failed job with as expected, imprudent judgment / advice and bad obfuscating policy.

The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm ] Huge suckers’ rally with across the board media et als complicity (infra). This will all end quite badly and is much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles. This global suckers’ rally is based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare (which is being injected sub rosa, see infra), bad news, fraud, b***s***, and desperation alone, as suckers’ rallies ushered in the new year in a most preposterous fashion [Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’ for the superstitious so-called ‘January effect’ based on based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, b***s***, and desperation alone to suck suckers in and keep suckers sucked in! Don’t be their fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s using the up moves to reduce risk assets / stocks / exposure, in other words, he’s selling the rallies which is sound advice. The fundamentals/realities, current and prospective, are worse than ever. There are no systems/formulas for these unprecedentedly dire times. Don’t be their sucker! This is an especially great opportunity to sell / take profits because there’s much, much worse to come! Here’s a simple chart of the Dow’s history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als.] with lingering intoxication an explanation as the printing presses and issuance of worthless insurmountable debt paper are in full throttle globally (a testament to global blindness as the blind follow the blind) making this impending disaster at this time an especially great opportunity to sell / take profits because there’s much, much worse to come! jersey-lautenberg based adp with 100% better than expectations private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce department data? Labor dept. ue claims / ue numbers? Only a fool believes what they say! ( After One Month Respite, Pink Slips Are Flying Again Durden , Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Durden on 01/06/2012 .. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg , ) The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , ‘…technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57…’ , The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm Why earnings will continue to decline MarketWatch Andy Hicks ‘In 2010, inventory restocking contributed most to U.S GDP growth. In 2011, it was the rebound of private investment due to Obama's capital equipment tax credit contributing most to U.S GDP growth. The U.S. consumer, though, hasn't really been jumpstarted over the past two years. That is why earnings multiples on the S&P 500 continued to decrease, despite stellar earnings growth from emerging markets. Last week's Q4'11 GDP numbers confirmed, for me, that 2012 will be another year with little U.S. consumer growth, and that earnings multiples for most companies (even those companies named after fruit) will likely continue to compress as we head further into this year…’ , Better Safe than Sorry - A Top Seems to be Forming Maierhofer , China's Road to Becoming a Reserve Currency The Wall Street Journal , Yes, It Is Halftime In America – So Now Is The Time To Get Your Financial Priorities In Order ECB http://albertpeia.com/halftimeinamerica.htm , Why Is Global Shipping Slowing Down So Dramatically? ECB http://albertpeia.com/globalshipslowingdramatically.htm ‘If the global economy is not heading for a recession, then why is global shipping slowing down so dramatically? Many economists believe that measures of global shipping such as the Baltic Dry Index are leading economic indicators. In other words, they change before the overall economic picture changes. For example, back in early 2008 the Baltic Dry Index began falling dramatically. , Believe In A Return To The Gold Standard? You Are Now Officially An Extremist According To The FBI Durden 2-7-12 , Greek Economy Implodes: Budget Revenues Tumble 7% In January On Expectation Of 9% Rise Durden 2-7-12 , Unadjusted Consumer Credit Soars By Most Since Peak Of Credit Bubble In August 2007, Third Highest Ever Durden 2-7-12 As some may remember those long ago days of January, when the market was not still lost in the latest bout of QE-hopium induced euphoria, December sales missed expectations, following even more disappointing November sales, despite propaganda channel promises that the 2011 shopping season was the "strongest ever"... and yet, many were wondering where did the already cash-strapped US consumer procure the cash to shop as much as they did, even if it was well below a record level. Now we know: it was on credit…’ , Spiegel: "It's Time To End The Greek Rescue Farce"Durden 2-7-12 , Illusion of Recovery: Feelings Versus Facts The Burning Platform | The false storyline last week was the dramatic surge in new jobs. , Ron Paul Warns Of Federal Reserve Power Grab: Infowars Nightly News Prisonplanet.com | Ron Paul has warned that a new agency is itself an unconstitutional monster that will further degrade the financial health of the country. , ‘The people out there that believe that the U.S. economy is experiencing a permanent recovery and that very bright days are ahead for us should have their heads examined. Unfortunately, what we are going through right now is simply just a period of "hopetimism" between two financial crashes. Things may seem relatively stable right now, but it won't last long. The truth is that the financial crisis of 2008 was just a warm up act for the economic horror show that is coming. Nothing really got fixed after the crash of 2008. We are living in the biggest debt bubble in the history of the world, and it has gotten even bigger since then. The "too big to fail" banks are larger now than they have ever been. Americans continue to run up credit card balances like there is no tomorrow. Tens of thousands of manufacturing facilities and millions of jobs continue to leave the country. We continue to consume far more than we produce and we continue to become poorer as a nation. None of the problems that caused the crisis of 2008 have been solved and we are even weaker financially than we were back then. ‘ , Presenting The "Rise Of The HFT Machine" - Visual Confirmation How SkyNet Broke The Stock Market On US Downgrade Day Durden 2-6-12 Zero Hedge has not been focusing much on the topic of our broken equity markets recently because if by now, following over three years of coverage, someone is not aware just how fragmented, manipulated and largely broken the market truly is, they never will. Yet every now and then it worth reminding readers who may have stumbled on this blog recently, just how bad things are in graphic format. Our friends at Nanex, who are by far the best forensic analysts of everything that is busted with the US stock market, have completed a masterpiece analysis showing the churning (packet traffic) in the various fragmented US market venues, from the NYSE to the Nasdaq to BATS and so forth, on a daily basis beginning in January 2007 and continuing through today. While the "rise of the HFT machine" over the past 5 years, following the adoption of Reg NMS, will hardly be a surprise to most, what is stunning is the first animated confirmation of the market terminally breaking on August 5, 2011, the day the US was downgraded, an observation that first was made right here on Zero Hedge. Which begs the question: what really happened in the stock market on August 5, 2011 when the US was downgraded to AA+, when everything literally broke, who is intervening constantly in the stock market, and why are they doing so via various HFT intermediary mechanisms? , Contrary to Government Claims of 243,000 Jobs Created, Hundreds of Thousands of Jobs Were Actually LOST In January Washington’s Blog | Government Misrepresents Employment Picture. , Citigroup: Risk of Greek Exit From Euro Has Risen to 50% The Wall Street Journal , Fixed-Income ETFs Rally Despite Europe's Pending Recession Motley Fool , Greece Has No Idea What It’s Gotten Itself Into February 6th, 2012 http://gainspainscapital.com ‘.. the next round of the Euro Crisis is now at our doorstep. Indeed, this latest short-covering rally in the Euro (Euro shorts were at a record high) looks ready to end and reverse ..’ , , Guest Post: What If We're Beyond Mere Policy Tweaks? Durden 2-6-12 The mainstream view uniting the entire political spectrum is that all our financial problems can be fixed by what amounts to top-down, centralized policy tweaks and regulation: for example, tweaking policies to "tax the rich," limit the size of "too big to fail" financial institutions, regulate credit default swaps, lower the cost of healthcare (a.k.a. sickcare), limit the abuses of student loans to pay for online diploma mills, and on and on and on. But what if the rot is already beyond the reach of more top-down policy tweaks? Consider the recent healthcare legislation: thousands of pages of obtuse regulations that require a veritable army of regulators staffing a sprawling fiefdom with the net result of uncertain savings based on a board somewhere in the labyrinth establishing "best practices" that will magically cut costs in a system that expands by 9% a year, each and every year, a system so bloated with fraud, embezzlement and waste that the total sum squandered is incalculable, but estimated at around 40%, minimum....The painful truth is that we are far beyond the point where policy/legalist regulatory tweaks will actually fix what's wrong with America. The rot isn't just financial or political; those are real enough, but they are mere reflections of a profound social, cultural, yes, spiritual rot. This is the great illusion: that our financial and political crises can be resolved with top-down, centralized financial reforms of one ideological flavor or another. It is abundantly clear that our crises extend far beyond a lack of regulation or policy tweaks. We cling to this illusion because it is easy and comforting..’ , Negative Bank Preannouncements Begin Durden 2-6-12 We are not even half way into the quarter, and the negative preannouncements for financials have already begun:MACQUARIE SAYS `SUBSTANTIALLY LOWER LEVELS' OF CLIENT ACTIVITY – BLOOMBERG , Guest Post: Bringing The "Not In The Labor Force" Mystery To Light Durden 2-6-12 , Volumeless Equity Recovery Ignores Broad Risk Asset Derisking Durden 2-6-12 , San Fran Fed Finds Fiscal Stimulus Has Little Impact During Periods Of Economic Growth Durden 2-6-12 It has only been a week since we discussed the San Francisco Fed's research group admitted that ~~water was wet~~ Fed policy will be unable to impact unemployment since the cyclical changes are more structural leading to jobless recoveries as fat is removed from the system. , Guest Post: Illusion Of Recovery - Feelings Versus Facts Durden 2-6-12 The last week has offered an amusing display of the difference between the cheerleading corporate mainstream media, lying Wall Street shills and the critical thinking analysts. What passes for journalism at CNBC and the rest of the mainstream print and TV media is beyond laughable. , MF Global Trustee Finds That Company "Did Not Always Record Cash Movements" Durden 2-6-12 The MF Global Trustee has just released their preliminary report on the progress in uncovering where the vaporized cash went. Bloomberg notes:#1MF GLOBAL DIDN'T ALWAYS RECORD CASH MOVEMENTS, TRUSTEE SAYS#2TRUSTEE SAYS MF HAD SHORTFALL IN COMMODITIES FUNDS START OCT 26#3MF BROKERAGE TRUSTEE TRACED $105 BLN IN CASH MOVEMENT#4MF COMPUTERS COULDN'T TRACK VOLUME IN FINAL DAYS, TRUSTEE SAYSOf course, we know that MF Global is the only company to not follow Fiduciary Principles 101 (client cash commingling) but also Accounting 101 (T square, debits, credits, and all that boring and apparently irrelevant in a time of uber-kleptocracy, stuff) leaving us wondering just how much of that unrecorded cash may be found in unrecorded suitcases in unrecorded bank vaults. , "No Country For Old Men?" Bernanke Plan To Exterminate Savers Is Unsustainable Durden 2-6-12 Bernanke's recognition of his penalizing savers with low rates as an 'issue for people' sparked an interesting note from the WSJ on how sensible and stoic savers are being herded (unsafely) into risky investments… , Greek PM Demands Report On Default, Eurozone Exit Consequences Durden 2-6-12 , Fed’s Bullard: Extended Zero Rate stance ‘A Looming Disaster’ Feb 6th, 2012 (MNI) , Greece lets another deadline slip in bailout poker Feb 6th, 2012 (Reuters) , Illusion of Recovery: Feelings Versus Facts The Burning Platform | The false storyline last week was the dramatic surge in new jobs., 8.3% Unemployment Lie Greg Hunter | The most recent unemployment number is a total lie, and that lie was repeated all over the mainstream media (MSM). , Is Obama's Peace Prize About To Be Confiscated? Nobel Peace Prize Jury Under Investigation Durden on 02/05/2012 [ If it isn’t, it should be! Alternatively, if it isn’t confiscated, the nobel etc. should be abolished or relegated to the international joke they would then be and currently is as a consequence thereof! At the very least, they should be totally ignored until their wobama error is corrected! ] , Goldman Turns Bearish: Squid Releases Top Trades For 2012... And It's Not Pretty Durden .. the squid is bearish. Which is bad news , Market Rally Won't Last Long Forbes , The Worldwide Depression/Recession Of 2012 Jeff Harding, STOCKS RISE DESPITE MORE BAD NEWS: Here's What You Need To Know Business Insider Sam Ro ‘As Greece inches toward default and the sufficiency of Europe's EFSF bailout fund is called into question, everyone's worst nightmares of Europe's debt debacle escalating to a systemic crisis could be nearing reality. ‘ , The most accurate forecaster on the Street thinks stocks are going downAdam ParkerBloomberg Morgan Stanley's Adam Parker was crowned the most accurate forecaster when the S&P 500 closed 2011 within a handful of points of his year-end target of 1,238. His 2012 year end target calls for stocks to fall to 1,167. He sees a global economic slowdown hitting corporate profits hard. , An eerie technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57. And there's one thing that'll cause the markets to tip: Europe. “If the history of debt tells us anything it is that one cannot solve a debt crisis by lending more money to the bankrupt and the insolvent,” Zimmerman says. , As it stands, the dollar is toast Laura4Smith Euro Pacific Capital's John Browne thinks the U.S. dollar will soon lose credibility, thanks to manipulation by the Fed. , Persistent delevering will cause the whole world to implode Bloomberg TV Bill Gross kicked 2012 with a particularly gloomy letter. , Home prices will fall another 20% Bloomberg In his latest note, Gary Shilling lays out his 20 investment themes for 2012.Theme #12 calls for home prices to continue plummeting, falling another 20% over the next several years. This is on top of the 33% drop we've already seen. , Greece will hard default and bring everyone else down with it Nomura's permabear Bob Janjuah had some cheery things to say about Greece and it's effect on the markets."The real pain may only be seen in March, when I expect the hard Greece default to happen. In Q1 I expect the S&P will trade down to/below 1000, and core US, UK and German government Bond yields will be closer to 1.5% than 2%." , China is headed for a hardlanding SocGen's Albert Edwards thinks 2013 will be better than 2012. But that's only because he believes 2012 could be the worst year ever. , The US economy is about to tank ECRI's Lakshman Achutan hasn't budged on his recession call, and he has been taking a lot of heat for it. Here's a quote from a recent press release (via Doug Short): "If you think this is a bad economy, you haven’t seen anything yet. And that has profound implications for both Main Street and Wall Street.", Graham Summers’ Weekly Market Forecast (Has the Can Hit the Wall? Edition) http://gainspainscapital.com January 17th, 2012 ‘As usual, bad news was released over the weekend when the least number of people are paying attention… The answer is a Crisis that will make 2008 look like a picnic.This is coming… it’s only a matter of when…’ 17 Facts About The Decline Of The U.S. Auto Industry That Are Almost Too Crazy To Believe http://theeconomiccollapseblog.com http://albertpeia.com/declineusautoindustry.htm ( Warning Signs That We Should Prepare For The Worst http://albertpeia.com/prepareforworst.htm ) Very few things illustrate how dramatically America has been deindustrialized than the stunning decline of the U.S. auto industry. , RealClearMarkets - Gary Shilling: New Global Recession Is Here (It’s actually a depression and no nation will be spared!) http://www.marketwatch.com/story/shilling-says-new-global-recession-is-here-2012-01-20?link=MW_story_popular By Howard Gold NEW YORK (MarketWatch) — ‘For most economists, the main question is whether we will have a new recession. For Gary Shilling, the only question is how big. , 20 Signs That Europe Is Plunging Into A Full-Blown Economic Depression The American Dream | An economic nightmare is descending on Europe. http://albertpeia.com/20signsofeuropedepression.htm , Guest Post: Counterfeit Money, Counterfeit Policy Durden 1/31/12 Counterfeiting is illegal because it is the false creation of value. The counterfeiter takes low-value paper and turns it into high-value money, which is fundamentally a claim on the real productive value of the economy that issues the currency and recognizes it as a proxy means of exchanging that productive value. Counterfeiting is illegal because the counterfeiter creates no additional value--he creates only the proxy for value. Creating real value--adding meaningful goods or services to the economy--is tedious, hard work. How much easier to simply transform near-worthless paper into a claim on actual goods and services. If this is illegal, then would somebody please arrest the Board of the Federal Reserve for counterfeiting? The Fed has blatantly printed money without creating any real value to back up their added claims on productive value. Hence they are counterfeiting, pure and simple. A government based on rule of law would arrest these fraudsters and cons at the earliest possible convenience. , Survey: home prices declined in 19 of 20 cities in November; prices back to 2003 levels Jan 31st, 2012 (AP) , Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ http://albertpeia/americangovernmentdrugtrafficking.htm http://albertpeia/americascorruptiondrugtrade.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”, The Markets Since Their 2000 Highs: We're Not Bouncing Back http://www.bullfax.com/?q=node-markets-their-2000-highs-were-not-bouncing-back ... [ Actually the picture is even worse if the real inflation rate used. Wall street is total fraud and b***s***! Keep in mind, ina addition to loss of principle, the flux / worry takes its toll on health as well as productivity. http://albertpeia.com/3real1.png http://albertpeia.com/3real2.png http://albertpeia.com/3real3.png http://albertpeia.com/3real4.png ] , Market Preview: Insiders (Getting’) Out!!!!!? , The Fed's Dirty Little Secret - QE3 is Already Here ETFguide [ And with all its contraindicated ponzi / inflationary implications. ]

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

I Can’t Take It Anymore! When Will The Government Quit Putting Out Fraudulent Employment Statistics? http://theeconomiccollapseblog.com http://albertpeia.com/governmentfraudulentemploymentstats.htm

The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm

The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm ‘The people out there that believe that the U.S. economy is experiencing a permanent recovery and that very bright days are ahead for us should have their heads examined. Unfortunately, what we are going through right now is simply just a period of "hopetimism" between two financial crashes. Things may seem relatively stable right now, but it won't last long. The truth is that the financial crisis of 2008 was just a warm up act for the economic horror show that is coming. Nothing really got fixed after the crash of 2008. We are living in the biggest debt bubble in the history of the world, and it has gotten even bigger since then. The "too big to fail" banks are larger now than they have ever been. Americans continue to run up credit card balances like there is no tomorrow. Tens of thousands of manufacturing facilities and millions of jobs continue to leave the country. We continue to consume far more than we produce and we continue to become poorer as a nation. None of the problems that caused the crisis of 2008 have been solved and we are even weaker financially than we were back then. So why in the world are so many people so optimistic about the economy right now?

Just take a look at the chart posted below. It shows the growth of total debt in the United States. During the financial crisis of 2008 there was a little "hiccup", but the truth is that not much deleveraging really took place at all. And since the recession "ended", total credit market debt has gone on to even greater heights....

http://albertpeia.com/Total-Credit-Market-Debt-Owed-440x264.png

So what does this mean for the future?

Well, if a small "hiccup" in the debt bubble caused so much chaos back in 2008, what is going to happen when this debt bubble finally bursts?

That is something to think about.

Sadly, most Americans seem oblivious to all of this.

If you go out to malls in the wealthy areas of America today, people are charging up a storm. In all, Americans charged a whopping 2.5 trillion dollars on their credit cards during 2011. Way too many people have already forgotten the lessons that we all learned back in 2008.

Of course some Americans pay off their credit cards every month, but way too many Americans are not doing that. In 1980, Americans were carrying 54 million dollars in revolving credit balances. Today, Americans are carrying 794 million dollars in revolving credit balances.

And student loan debt is an even bigger bubble than credit card debt is. As I have written about previously, total student loan debt in America is rapidly approaching a trillion dollars.

So it looks like U.S. consumers have not learned to stay away from debt.

That is not good.

Well, what about the banks?

Has the financial system learned any lessons since 2008?

No, not really.

Sadly, the "too big to fail" banks are now even bigger than ever. The total assets of the six largest U.S. banks increased by 39 percent between September 30, 2006 and September 30, 2011. If they were to fail today, they would be even more of a threat to our financial system than they were back in 2008.

And our major banks continue to be very highly leveraged. In fact, major banks all over the world are absolutely swamped with debt.

The following statistics come from Zero Hedge....

The U.S. banking system is leveraged 13 to 1.

The Japanese banking system is leveraged 23 to 1.

The French banking system is leveraged 26 to 1.

The German banking system is leveraged 32 to 1.

These are insane levels of leverage, and they are just inviting another major financial crisis.

Do you all remember Lehman Brothers? The fact that they were leveraged so highly is what did them in back in 2008. When the value of their holdings declined by just a little bit they were totally wiped out.

Well, during this next financial crisis large financial institutions are going to be wiped out all over the world. Major banks all over the globe are going to be crying out for more bailouts when things take a turn against them.

They are making the exact same mistakes that they made before, and they are going to be expecting more government handouts when things go bad.

Will we ever learn?

So obviously the banking system has not learned any lessons.

What about the federal government?

Well, if you follow my blog regularly, you know that I love to write about how horrific U.S. government debt is.

Unfortunately, over the past four years things have gotten so much worse.

Back in 2008, the U.S. national debt crossed the 10 trillion dollar mark.

Just recently, it crossed the 15 trillion dollar mark.

So now we are in a much weaker position financially to respond to another major financial crisis.

Just check out the chart posted below. This is a recipe for national financial suicide....

http://albertpeia.com/Federal-Government-Debt-440x264.png

During fiscal 2011, the Obama administration stole close to 150 million dollars from our children and our grandchildren every single hour.

At the moment, the legacy of debt that we are passing on to future generations is sitting a grand total of $15,351,406,294,640.49.

But keep in mind that it is going up every single hour.

Meanwhile, our ability to service that debt is declining. We are rapidly getting poorer as a nation.

During 2011, the amount of money that left the United States exceeded the amount of money that entered the United States by more than a half a trillion dollars.

This gap is called a trade deficit, and it is absolutely ripping our economy to shreds.

For a moment, imagine Uncle Sam standing next to a giant pile of money on a map of the United States. Then imagine a half a trillion dollars being taken out of that pile every single year.

So why haven't we totally run out of money yet?

Well, it is because we borrow those dollars back. In order to maintain our false standard of living, our federal government, our state governments and our local governments have to go out and beg the rest of the world to lend us our dollars back.

Sadly, our government schools have "dumbed-down" the population so much that most of them don't even know what a "trade deficit" is anymore.

Meanwhile, our economic infrastructure is being gutted like a fish.

Look, I know that I go over this point over and over and over, but it is absolutely imperative that we all understand this.

The half a trillion dollars a year that leaves this country every year could have gone to support businesses and jobs inside the United States.

But instead it is going to support businesses and jobs on the other side of the world.

The consequences of this are absolutely devastating.

According to U.S. Representative Betty Sutton, an average of 23 manufacturing facilities a day closed down in the United States during 2010. Overall, more than 56,000 manufacturing facilities in the United States have shut down since 2001.

Even many so-called "American companies" have been bought up by the rest of the world. The following comes from a recent article posted on Economy In Crisis....

RCA is now a French company, Zenith is a Korean company. Frigidaire is a Swedish company. IBM’s Personal Computer Division—with its 500 patents—is now a Chinese company. Westinghouse Nuclear Energy’s major shareholder is Toshiba—a Japanese Company. Lucent Technologies, a former research division of AT&T, along with all the patents acquired from the beginning of the phone system, is now a French company. In 2008, Brazilian-Belgian brewing company InBev purchased the iconic American brewer Anheuser-Busch, makers of Budweiser. With the sale of these manufacturing companies, the future profit and technologies all belong to foreign entities.

We once had the greatest economic machine in the history of the world.

Now it is being dismantled and bought up by foreigners.

When America's economic infrastructure declines, that means that there are less jobs available for all of us.

As I wrote about the other day, the employment situation in this country is not getting better and we have never even come close to recovering from the recession that started back in 2008.

During 2008 and 2009, the U.S. economy lost millions of jobs. Since the beginning of 2010, the percentage of the U.S. population that has had a job has remained very stable....

http://albertpeia.com/Employment-Population-Ratio1-440x264.png

Normally, when a recession ends the percentage of Americans that have a job bounces back pretty dramatically.

So considering the fact that the employment situation has never recovered from the last financial crisis, what is going to happen when the next financial crisis hits?

And most of the jobs that have been "created" during this so-called "recovery" have been low income jobs. In fact, if you look closely at the employment numbers that were released last Friday, you will find that the vast majority of the "new jobs" were part-time jobs.

But you cannot pay a mortgage and support a family on a part-time job.

Sadly, the truth is that median household income in America has been steadily dropping over the past several years. Tens of millions of American families are deeply struggling and more Americans than ever are falling into poverty.

Back in the year 2000, about one out of every nine Americans was living in poverty. Today, about one out of every seven Americans is living in poverty.

All of this is causing a great deal of anxiety in America today. Large numbers of Americans know that something has fundamentally changed, even if they don't understand the specifics. That is one reason why sites such as this one have become so popular. People want some answers.

And once people get some answers about what is really happening, they tend to want to prepare for the hard times that are coming.

In a few days, a new series on National Geographic entitled "Doomsday Preppers" premieres. The mainstream media is starting to take notice of the growing "prepper" movement in America today. It is estimated that there are at least 2 million "preppers" in the United States at this point. Of course people are "prepping" for a whole host of reasons, but the number one concern among most groups of preppers is the economy.

As the economy crumbles, more Americans than ever have decided that it is not a good thing to be 100% dependent on the system.

Back in 2008 and 2009, millions of Americans suddenly lost their jobs. Because they did not have any finances stored up, large numbers of them also lost their homes. Many went from being solidly middle class to being out on the street in a matter of months.

That doesn't have to happen to you. Instead of blowing your money on frivolous things, do what you can to set something aside for the difficult times that are on the horizon.

A lot of those "in the know" are quietly making their own preparations. For example, legendary film director James Cameron (Avatar, Titanic and Terminator) has purchased more than 2600 acres of farmland in New Zealand and he is getting out of the U.S. for good apparently.

Unfortunately, most of us do not have the resources for something like that. But what most of us can do is we can change our priorities and start focusing on the things that will help us survive the hard times that are coming…’

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

‘The situation is getting more problematic for Greece day by day’Greece’s prime minister seeks rescue consensus amid political quarrels. (Washington Post) [ Indeed things are getting worse and in a manner of speaking now ‘B-B-B-B-Bad B-B-B-B-Bad B-B-B-B-Bad Bad to the bone’ (George Thorogood & the Destroyers’) Drudgereport: 2-7-12 Greece: 'There's no more left to cut'... , Greek Economy Implodes: Budget Revenues Tumble 7% In January On Expectation Of 9% Rise Durden 2-7-12 , Spiegel: "It's Time To End The Greek Rescue Farce"Durden 2-7-12 , Illusion of Recovery: Feelings Versus Facts The Burning Platform | The false storyline last week was the dramatic surge in new jobs. , China's Road to Becoming a Reserve Currency The Wall Street Journal , Yes, It Is Halftime In America – So Now Is The Time To Get Your Financial Priorities In Order ECB http://albertpeia.com/halftimeinamerica.htm , Why Is Global Shipping Slowing Down So Dramatically? ECB http://albertpeia.com/globalshipslowingdramatically.htm ‘If the global economy is not heading for a recession, then why is global shipping slowing down so dramatically? Many economists believe that measures of global shipping such as the Baltic Dry Index are leading economic indicators. In other words, they change before the overall economic picture changes. For example, back in early 2008 the Baltic Dry Index began falling dramatically. , Believe In A Return To The Gold Standard? You Are Now Officially An Extremist According To The FBI Durden 2-7-12

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

Low-skilled workers hit hard by recession Although the nation’s job market is slowly recovering, workers with few educational credentials continue to struggle. By disproportionate numbers, these Americans have given up looking for work, making the nation’s recovery appear better than it is. (Washington Post) [ Not just the low-skilled! Yes, there are those who’ve given up looking for work; but, even more important are those numbers of americans that the government presumptively, self-servingly, and meretriciously has said have given up looking for work; which, of course, in an election year is great for that fictitiously spun unemployment rate now conveniently ‘improved’ to 8.3%. Balderdash! The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm ] Huge suckers’ rally with across the board media et als complicity (infra). This will all end quite badly and is much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles. This global suckers’ rally is based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare (which is being injected sub rosa, see infra), bad news, fraud, b***s***, and desperation alone, as suckers’ rallies ushered in the new year in a most preposterous fashion [Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’ for the superstitious so-called ‘January effect’ based on based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, b***s***, and desperation alone to suck suckers in and keep suckers sucked in! Don’t be their fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s using the up moves to reduce risk assets / stocks / exposure, in other words, he’s selling the rallies which is sound advice. The fundamentals/realities, current and prospective, are worse than ever. There are no systems/formulas for these unprecedentedly dire times. Don’t be their sucker! This is an especially great opportunity to sell / take profits because there’s much, much worse to come! Here’s a simple chart of the Dow’s history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als.] with lingering intoxication an explanation as the printing presses and issuance of worthless insurmountable debt paper are in full throttle globally (a testament to global blindness as the blind follow the blind) making this impending disaster at this time an especially great opportunity to sell / take profits because there’s much, much worse to come! jersey-lautenberg based adp with 100% better than expectations private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce department data? Labor dept. ue claims / ue numbers? Only a fool believes what they say! ( After One Month Respite, Pink Slips Are Flying Again Durden , Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Tyler Durden on 01/06/2012 .. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg , ) The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , ‘…technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57…’ , The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm ‘The people out there that believe that the U.S. economy is experiencing a permanent recovery and that very bright days are ahead for us should have their heads examined. Unfortunately, what we are going through right now is simply just a period of "hopetimism" between two financial crashes. Things may seem relatively stable right now, but it won't last long. The truth is that the financial crisis of 2008 was just a warm up act for the economic horror show that is coming. Nothing really got fixed after the crash of 2008. We are living in the biggest debt bubble in the history of the world, and it has gotten even bigger since then. The "too big to fail" banks are larger now than they have ever been. Americans continue to run up credit card balances like there is no tomorrow. Tens of thousands of manufacturing facilities and millions of jobs continue to leave the country. We continue to consume far more than we produce and we continue to become poorer as a nation. None of the problems that caused the crisis of 2008 have been solved and we are even weaker financially than we were back then. ‘ , Presenting The "Rise Of The HFT Machine" - Visual Confirmation How SkyNet Broke The Stock Market On US Downgrade Day Durden 2-6-12 Zero Hedge has not been focusing much on the topic of our broken equity markets recently because if by now, following over three years of coverage, someone is not aware just how fragmented, manipulated and largely broken the market truly is, they never will. Yet every now and then it worth reminding readers who may have stumbled on this blog recently, just how bad things are in graphic format. Our friends at Nanex, who are by far the best forensic analysts of everything that is busted with the US stock market, have completed a masterpiece analysis showing the churning (packet traffic) in the various fragmented US market venues, from the NYSE to the Nasdaq to BATS and so forth, on a daily basis beginning in January 2007 and continuing through today. While the "rise of the HFT machine" over the past 5 years, following the adoption of Reg NMS, will hardly be a surprise to most, what is stunning is the first animated confirmation of the market terminally breaking on August 5, 2011, the day the US was downgraded, an observation that first was made right here on Zero Hedge. Which begs the question: what really happened in the stock market on August 5, 2011 when the US was downgraded to AA+, when everything literally broke, who is intervening constantly in the stock market, and why are they doing so via various HFT intermediary mechanisms? , Contrary to Government Claims of 243,000 Jobs Created, Hundreds of Thousands of Jobs Were Actually LOST In January Washington’s Blog | Government Misrepresents Employment Picture. , Citigroup: Risk of Greek Exit From Euro Has Risen to 50% The Wall Street Journal , Fixed-Income ETFs Rally Despite Europe's Pending Recession Motley Fool , Greece Has No Idea What It’s Gotten Itself Into February 6th, 2012 http://gainspainscapital.com ‘.. the next round of the Euro Crisis is now at our doorstep. Indeed, this latest short-covering rally in the Euro (Euro shorts were at a record high) looks ready to end and reverse ..’ , , Guest Post: What If We're Beyond Mere Policy Tweaks? Durden 2-6-12 The mainstream view uniting the entire political spectrum is that all our financial problems can be fixed by what amounts to top-down, centralized policy tweaks and regulation: for example, tweaking policies to "tax the rich," limit the size of "too big to fail" financial institutions, regulate credit default swaps, lower the cost of healthcare (a.k.a. sickcare), limit the abuses of student loans to pay for online diploma mills, and on and on and on. But what if the rot is already beyond the reach of more top-down policy tweaks? Consider the recent healthcare legislation: thousands of pages of obtuse regulations that require a veritable army of regulators staffing a sprawling fiefdom with the net result of uncertain savings based on a board somewhere in the labyrinth establishing "best practices" that will magically cut costs in a system that expands by 9% a year, each and every year, a system so bloated with fraud, embezzlement and waste that the total sum squandered is incalculable, but estimated at around 40%, minimum....The painful truth is that we are far beyond the point where policy/legalist regulatory tweaks will actually fix what's wrong with America. The rot isn't just financial or political; those are real enough, but they are mere reflections of a profound social, cultural, yes, spiritual rot. This is the great illusion: that our financial and political crises can be resolved with top-down, centralized financial reforms of one ideological flavor or another. It is abundantly clear that our crises extend far beyond a lack of regulation or policy tweaks. We cling to this illusion because it is easy and comforting..’ , Negative Bank Preannouncements Begin Durden 2-6-12 We are not even half way into the quarter, and the negative preannouncements for financials have already begun:MACQUARIE SAYS `SUBSTANTIALLY LOWER LEVELS' OF CLIENT ACTIVITY – BLOOMBERG , Guest Post: Bringing The "Not In The Labor Force" Mystery To Light Durden 2-6-12 , Volumeless Equity Recovery Ignores Broad Risk Asset Derisking Durden 2-6-12 , San Fran Fed Finds Fiscal Stimulus Has Little Impact During Periods Of Economic Growth Durden 2-6-12 It has only been a week since we discussed the San Francisco Fed's research group admitted that ~~water was wet~~ Fed policy will be unable to impact unemployment since the cyclical changes are more structural leading to jobless recoveries as fat is removed from the system. , Guest Post: Illusion Of Recovery - Feelings Versus Facts Durden 2-6-12 The last week has offered an amusing display of the difference between the cheerleading corporate mainstream media, lying Wall Street shills and the critical thinking analysts. What passes for journalism at CNBC and the rest of the mainstream print and TV media is beyond laughable. , MF Global Trustee Finds That Company "Did Not Always Record Cash Movements" Durden 2-6-12 The MF Global Trustee has just released their preliminary report on the progress in uncovering where the vaporized cash went. Bloomberg notes:#1MF GLOBAL DIDN'T ALWAYS RECORD CASH MOVEMENTS, TRUSTEE SAYS#2TRUSTEE SAYS MF HAD SHORTFALL IN COMMODITIES FUNDS START OCT 26#3MF BROKERAGE TRUSTEE TRACED $105 BLN IN CASH MOVEMENT#4MF COMPUTERS COULDN'T TRACK VOLUME IN FINAL DAYS, TRUSTEE SAYSOf course, we know that MF Global is the only company to not follow Fiduciary Principles 101 (client cash commingling) but also Accounting 101 (T square, debits, credits, and all that boring and apparently irrelevant in a time of uber-kleptocracy, stuff) leaving us wondering just how much of that unrecorded cash may be found in unrecorded suitcases in unrecorded bank vaults. , "No Country For Old Men?" Bernanke Plan To Exterminate Savers Is Unsustainable Durden 2-6-12 Bernanke's recognition of his penalizing savers with low rates as an 'issue for people' sparked an interesting note from the WSJ on how sensible and stoic savers are being herded (unsafely) into risky investments… , Greek PM Demands Report On Default, Eurozone Exit Consequences Durden 2-6-12 , Fed’s Bullard: Extended Zero Rate stance ‘A Looming Disaster’ Feb 6th, 2012 (MNI) , Greece lets another deadline slip in bailout poker Feb 6th, 2012 (Reuters) , Illusion of Recovery: Feelings Versus Facts The Burning Platform | The false storyline last week was the dramatic surge in new jobs., 8.3% Unemployment Lie Greg Hunter | The most recent unemployment number is a total lie, and that lie was repeated all over the mainstream media (MSM). , Is Obama's Peace Prize About To Be Confiscated? Nobel Peace Prize Jury Under Investigation Tyler Durden on 02/05/2012 [ If it isn’t, it should be! Alternatively, if it isn’t confiscated, the nobel etc. should be abolished or relegated to the international joke they would then be and currently is as a consequence thereof! At the very least, they should be totally ignored until their wobama error is corrected! ] , Goldman Turns Bearish: Squid Releases Top Trades For 2012... And It's Not Pretty Durden .. the squid is bearish. Which is bad news , Market Rally Won't Last Long Forbes , The Worldwide Depression/Recession Of 2012 Jeff Harding, STOCKS RISE DESPITE MORE BAD NEWS: Here's What You Need To Know Business Insider Sam Ro ‘As Greece inches toward default and the sufficiency of Europe's EFSF bailout fund is called into question, everyone's worst nightmares of Europe's debt debacle escalating to a systemic crisis could be nearing reality. ‘ , The most accurate forecaster on the Street thinks stocks are going downAdam ParkerBloomberg Morgan Stanley's Adam Parker was crowned the most accurate forecaster when the S&P 500 closed 2011 within a handful of points of his year-end target of 1,238. His 2012 year end target calls for stocks to fall to 1,167. He sees a global economic slowdown hitting corporate profits hard. , An eerie technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57. And there's one thing that'll cause the markets to tip: Europe. “If the history of debt tells us anything it is that one cannot solve a debt crisis by lending more money to the bankrupt and the insolvent,” Zimmerman says. , As it stands, the dollar is toast Laura4Smith Euro Pacific Capital's John Browne thinks the U.S. dollar will soon lose credibility, thanks to manipulation by the Fed. , Persistent delevering will cause the whole world to implode Bloomberg TV Bill Gross kicked 2012 with a particularly gloomy letter. , Home prices will fall another 20% Bloomberg In his latest note, Gary Shilling lays out his 20 investment themes for 2012.Theme #12 calls for home prices to continue plummeting, falling another 20% over the next several years. This is on top of the 33% drop we've already seen. , Greece will hard default and bring everyone else down with it Nomura's permabear Bob Janjuah had some cheery things to say about Greece and it's effect on the markets."The real pain may only be seen in March, when I expect the hard Greece default to happen. In Q1 I expect the S&P will trade down to/below 1000, and core US, UK and German government Bond yields will be closer to 1.5% than 2%." , China is headed for a hardlanding SocGen's Albert Edwards thinks 2013 will be better than 2012. But that's only because he believes 2012 could be the worst year ever. , The US economy is about to tank ECRI's Lakshman Achutan hasn't budged on his recession call, and he has been taking a lot of heat for it. Here's a quote from a recent press release (via Doug Short): "If you think this is a bad economy, you haven’t seen anything yet. And that has profound implications for both Main Street and Wall Street.", Graham Summers’ Weekly Market Forecast (Has the Can Hit the Wall? Edition) http://gainspainscapital.com January 17th, 2012 ‘As usual, bad news was released over the weekend when the least number of people are paying attention… The answer is a Crisis that will make 2008 look like a picnic.This is coming… it’s only a matter of when…’ 17 Facts About The Decline Of The U.S. Auto Industry That Are Almost Too Crazy To Believe http://theeconomiccollapseblog.com http://albertpeia.com/declineusautoindustry.htm ( Warning Signs That We Should Prepare For The Worst http://albertpeia.com/prepareforworst.htm ) Very few things illustrate how dramatically America has been deindustrialized than the stunning decline of the U.S. auto industry. , RealClearMarkets - Gary Shilling: New Global Recession Is Here (It’s actually a depression and no nation will be spared!) http://www.marketwatch.com/story/shilling-says-new-global-recession-is-here-2012-01-20?link=MW_story_popular By Howard Gold NEW YORK (MarketWatch) — ‘For most economists, the main question is whether we will have a new recession. For Gary Shilling, the only question is how big. , 20 Signs That Europe Is Plunging Into A Full-Blown Economic Depression The American Dream | An economic nightmare is descending on Europe. http://albertpeia.com/20signsofeuropedepression.htm , Guest Post: Counterfeit Money, Counterfeit Policy Durden 1/31/12 Counterfeiting is illegal because it is the false creation of value. The counterfeiter takes low-value paper and turns it into high-value money, which is fundamentally a claim on the real productive value of the economy that issues the currency and recognizes it as a proxy means of exchanging that productive value. Counterfeiting is illegal because the counterfeiter creates no additional value--he creates only the proxy for value. Creating real value--adding meaningful goods or services to the economy--is tedious, hard work. How much easier to simply transform near-worthless paper into a claim on actual goods and services. If this is illegal, then would somebody please arrest the Board of the Federal Reserve for counterfeiting? The Fed has blatantly printed money without creating any real value to back up their added claims on productive value. Hence they are counterfeiting, pure and simple. A government based on rule of law would arrest these fraudsters and cons at the earliest possible convenience. , Survey: home prices declined in 19 of 20 cities in November; prices back to 2003 levels Jan 31st, 2012 (AP) , Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ http://albertpeia/americangovernmentdrugtrafficking.htm http://albertpeia/americascorruptiondrugtrade.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”, The Markets Since Their 2000 Highs: We're Not Bouncing Back http://www.bullfax.com/?q=node-markets-their-2000-highs-were-not-bouncing-back ... [ Actually the picture is even worse if the real inflation rate used. Wall street is total fraud and b***s***! Keep in mind, ina addition to loss of principle, the flux / worry takes its toll on health as well as productivity. http://albertpeia.com/3real1.png http://albertpeia.com/3real2.png http://albertpeia.com/3real3.png http://albertpeia.com/3real4.png ] , Market Preview: Insiders (Getting’) Out!!!!!? , The Fed's Dirty Little Secret - QE3 is Already Here ETFguide [ And with all its contraindicated ponzi / inflationary implications. ] , 45% Of Greeks Have Never Used The Internet Durden on 02/02/2012 { These stats are rather shocking to me and surely pathetic. Note Iceland, which has come back after being ravaged by the banksters. http://albertpeia.com/greeksinternet.jpg } , Europe's "Great Deleveraging" Has Only Just Begun Durden on 02/02/2012 While Europe's financial services sector equity prices have retraced almost half of their May11 to Oct11 losses as we are told incessantly not to underestimate the impact of the LTRO, Morgan Stanley points out the other side of the balance sheet will continue to sag. While short-term liquidity (at least EUR-based liquidity as USD FX Swap lines are back at record highs this week) , Guest Post: Fraudulent Debt = Counterfeit Money Durden on 02/02/2012 Let's compare three financial criminals. The first is an old-fashioned counterfeiter who doctors up paper and runs a printing press to produce fake currency. The second criminal borrows money based on a fraudulent asset and phantom future income. , Goldman, Blackstone, Glencore and Facebook. What do they have in common? They all sold the Top. : thetrader : 02/02/2012 Smart money selling again. , Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ http://albertpeia/americangovernmentdrugtrafficking.htm http://albertpeia/americascorruptiondrugtrade.htm ] , House prices hit post-bubble low Washington Post | What Obama didn’t mention in his SOTU address – the housing bust has reached a new all-time low , Obama’s Economic Approval Just 36 Percent Campaign2012 | Only 36 percent of likely voters grade the administration’s handling of the economy at good or excellent. , Bribery, compromised officials leave indicted financial-crime suspects free from prosecution under Holder’s DOJ Daily Caller By Matthew Boyle http://dailycaller.com/2012/02/01/bribery-compromised-officials-leave-indicted-financial-crime-suspects-free-from-prosecution-under-holders-doj/#ixzz1lI97L3C5 | ‘A U.S. Justice Department source has told The Daily Caller that at least two DOJ prosecutors accepted cash bribes from allegedly corrupt finance executives. A U.S. Justice Department source has told The Daily Caller that at least two DOJ prosecutors accepted cash bribes from allegedly corrupt finance executives who were indicted under court seal within the past 13 months, but never arrested or prosecuted. , ‘FULL COVERAGE OF JUSTICE DEPT. SCANDALS http://topics.dailycaller.com/politics/justice-department.htm http://albertpeia.com/dojscandals.htm , I Can’t Take It Anymore! When Will The Government Quit Putting Out Fraudulent Employment Statistics? http://theeconomiccollapseblog.com http://albertpeia.com/governmentfraudulentemploymentstats.htm ‘On Friday, the entire financial world celebrated when it was announced that the unemployment rate in the United States had fallen to 8.3 percent. That is the lowest it has been since February 2009, and it came as an unexpected surprise for financial markets that are hungry for some good news. According to the Bureau of Labor Statistics, nonfarm payrolls jumped by 243,000 during the month of January. You can read the full employment report right here. Based on this news, pundits all over the world were declaring that the U.S. economy is back. Stocks continued to rise on Friday and the Dow is hovering near a 4 year high. So does this mean that our economic problems are over? Of course not. A closer look at the numbers reveals just how fraudulent these employment statistics really are. Between December 2011 and January 2012, the number of Americans "not in the labor force" increased by a whopping 1.2 million. That was the largest increase ever in that category for a single month. That is how the federal government is getting the unemployment rate to go down. The government is simply pretending that huge numbers of unemployed Americans don't want to be part of the labor force anymore. As you will see below, the employment situation in America is not improving. Yet everyone in the mainstream media is dancing around as if the economic crisis has been cancelled. I can't take it anymore! It is beyond ridiculous that so many intelligent people continue to buy in to such fraudulent numbers… http://albertpeia.com/Labor-Force-Participation-Rate-440x264.png , http://albertpeia.com/Employment-Population-Ratio-440x264.png … , Long-Term Unemployment Remains High, Millions Leave Labor Force Matt Cover | Number of long-term unemployed was unchanged at 5.5 million in January, near its record .. , Dave’s Daily: http://www.etfdigest.com CONTROVERSIAL JOBS REPORT STOKES BULLS February 03, 2012 ‘The jobs report Friday was a ginned-up number but the media and algos don’t look under the hood much it seems. Yes, the unemployment rate fell to 8.3% and 243K new jobs were created and perhaps the number itself will boost confidence.My favorite book from college statistics was ‘How to Lie with Statistics’. I believe the Bureau of Labor Statistics (BLS) may have ripped a chapter or two from the book. The details were interesting and little reported because the media has soap to sell. First a whopping 1.2 million people vanished from the labor force in 2011. That is a massive seasonal/consensus driven adjustment. The BLS assumes those people aged 55 and higher died from the 2010 consensus. (So much for living longer in the USA!)This means the labor force fell to a 30 year low of 63.7%. Around 113K of the gain in employment came from low wage jobs according to CRT Capital Group. Also part-time jobs rose by 699K, the third highest in history, while only 80K full-time jobs were created. Finally, the ISM Services Report, which rose to 56.8 from 52.6, included an increase in sector employment from 49.8 to 57.3, but perhaps didn’t include large sector bank layoffs. Other skeptics included PIMCO’s Bill Gross who tweeted: http://albertpeia.com/grosstweet.htm Respected TrimTabs detailed analysis which mocks the BLS and well regarded blogger Jesse’s Café Americain.Lack of in-depth or accurate reporting aside, the stock market loved the report as it was “dummy up” time in the media. Other data included rising Factory Orders but missed expectations (1.1% vs 1.8% previous & 1.5% consensus)…’ , Obama’s economic policies have created a nation of jobless citizens dependent on government handouts Natural News | It’s no secret that the U.S. national debt is poised to increase by more than $6 trillion during President Obama’s first four years in office., Record 1.2 Million People Fall Out Of Labor Force In One Month, Labor Force Participation Rate Tumbles To Fresh 30 Year Low Durden 2-3-12 A month ago, we joked when we said that for Obama to get the unemployment rate to negative by election time, all he has to do is to crush the labor force participation rate to about 55%. Looks like the good folks at the BLS heard us: it appears that the people not in the labor force exploded by an unprecedented record 1.2 million. No, that's not a typo: 1.2 million people dropped out of the labor force in one month! So as the labor force increased from 153.9 million to 154.4 million, the non institutional population increased by 242.3 million meaning, those not in the labor force surged from 86.7 million to 87.9 million. Which means that the civilian labor force tumbled to a fresh 30 year low of 63.7% as the BLS is seriously planning on eliminating nearly half of the available labor pool from the unemployment calculation.. , Implied Unemployment Rate Rises To 11.5%, Spread To Propaganda Number Surges To 30 Year High Durden 2-3-12 Sick of the BLS propaganda? Then do the following calculation with us: the US civilian non-institutional population was 242,269 in January, an increase of 1.7 million month over month: apply the long-term average labor force participation rate of 65.8% to this number (because as chart 2 below shows, people are not retiring as the popular propaganda goes: in fact labor participation in those aged 55 and over has been soaring as more and more old people have to work overtime, forget retiring), and you get 159.4 million: that is what the real labor force should be. The BLS reported one? 154.4 million: a tiny 5 million difference. Then add these people who the BLS is purposefully ignoring yet who most certainly are in dire need of labor and/or a job to the 12.758 million reported unemployed by the BLS and you get 17.776 million in real unemployed workers. What does this mean? That using just the BLS denominator in calculating the unemployed rate of 154.4 million, the real unemployment rate actually rose in January to 11.5%. Compare that with the BLS reported decline from 8.5% to 8.3%. It also means that the spread between the reported and implied unemployment rate just soared to a fresh 30 year high of 3.2%. And that is how with a calculator and just one minute of math, one strips away countless hours of BLS propaganda. , Marc Faber: "Ron Paul Would Be A Very Good President" Durden on 2-3-12 While Marc Faber shares the usual stock of insightful market commentary, together with timing inflection points, and extended thoughts in the attached Bloomberg TV clip, it is the fact that he has officially joined Bill Gross, and so many others, in supporting the candidacy of Ron Paul as president. It is rather sad that only those who see beyond the surface of the current pyramid scheme facade, are bold enough to endorse the only man who is right for the White House. Fast forward to 15 minutes into the video to hear Marc Faber: "Ron Paul would be a very good president.", Europe Celebrates Its Latest Recession With Record High Gas Prices Durden on 2-3-12 , Is China's Yield Curve Signaling A Harder Landing? Durden on 2-3-12 , Guest Post: Counterfeit Value Derivatives: Follow The Bouncing Ball Durden on 2-3-12 According to the Bank of International Settlements, as of June 2011 total over-the-counter derivatives contracts have an outstanding notional value of 707.57 trillion dollars, ( 32.4 trillion dollars in CDS’s alone). Where does this kind of money come from, and what does it refer to? We don’t really know, because over-the-counter derivatives are not transparent or regulated. With regulated economic markets, when an underlying real asset is impaired (i.e. the company in question is bankrupt, the mortgage has defaulted, etc.), market value is assessed, default insurance is paid up to replacement or full value, bond holders and stock holders make claims on remaining value and the account is closed. There is no need for bailouts because order and proportion of compensation has been established and everything is attached to the value of the underlying asset. When the unreal, counterfeit economy intrudes, you now have a situation where a person can put in an unregulated, but recognized, claim to be paid a thousand times over in case of impairment. Say market participants have negotiated for a bankrupt company a 70% payback for bondholders and (36% payback for insurance claims), and I come with not one but rather 1,000 CDS claims demanding to be paid for each CDS. , Deconstructing The "Massive Beat" in Employment Data : ilene : 2-3-12 If last week's tax data is indicative of what's ahead this month, the "good news" won't be sustained. , Why U.S. Unemployment Rate Is 12.1% http://www.bullseyemicrocaps.com/?p=46058 February 2, 2012 Carlos X. Alexandre: ‘There are plenty of ways of looking at the unemployment numbers, and U3 is the “official unemployment rate.” The U6 measurement is often mentioned to highlight the precarious condition of the job market in America in a broader sense, and according to the Bureau of Labor Statistics (BLS), the official rate is 8.5% while U6 stands at 15.5%. The definition for U6 is as follows: “Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force.” I must acknowledge that the BLS has made modifications to its methods (pdf) over the years, but I used their numbers as published…’ , Why the Notions of Systemic Failure or “Going to Zero” Are On Par with Bigfoot and Unicorns for Most Investors http://gainspainscapital.com February 2nd, 2012 ‘I wanted to take a moment to address the notion of serious collapse and/or systemic failure...Most professional traders are usually under the age of 40 (in fact they’re typically in their mid to late 20s). 1) Didn’t experience the 1987 Crash 2) Have never seen a Crisis that the Fed/ IMF/ etc. couldn’t handle..Most institutional traders today operate, for the most part, based on trading models. These models, in general, are quantitative and based on correlations and patterns, not qualitative judgments..asset managers and other institutional investors, the vast majority of whom are under the age of 50 or so.Based on this age demographic, we find that there is an entire generation of investment professionals (aged 35-50+) who: 1) Have never witnessed nor invested during a bear market in bonds 2) Have never witnessed, nor invested during a credit market collapse 3) Have never witnessed a secular shift in the global economyConsequently, the vast majority of professional investors are unable to contemplate truly dark times for the markets..Here are just a few worth considering: 1) US commercial banks currently sit atop $248 TRILLION in derivatives 2) The US Federal Reserve is now buying 91% of all long-term new US debt issuance (at the same time China and Russia are dumping US bonds) 3) Japan already spends roughly half of its annual -tax revenues on debt payments and has relied on debt issuance more than tax revenues to fund its budget for four years now (how much longer can this last?) 4) Europe’s entire banking system is leveraged at 26 to 1 (Lehman Brothers was leveraged at 30 to 1 when it failed) Folks, bad times are coming. It doesn’t matter what the trading programs or “professionals” thinking about it… the math simply doesn’t add up …’ , .Dave’s Daily: http://www.etfdigest.com FACEBOOK IPO THE WORST KEPT SECRET ON WALL STREET February 01, 2012 [ As per Dave, infra, note the continued prior data revised downward in this continuing ‘data ponzi scheme’ along with a multitude of other ponzi schemes; and, let me add, I don’t believe their data in any event, here and in europe, particularly that contrived / manipulated for this election year. ] ‘Yes, the copy that follows has little to do with Facebook. After all what do we really know about it? The much watched ISM Manufacturing Data (54.1 vs 54.5 consensus and previous 53.1 revised lower) stimulated bulls Wednesday. Cynics believe auto manufacturers are just stuffing inventory to dealers. We’ll see if these cars get sold or not. One thing is clear; it’s easier to buy a car for consumers given industry self-financing than it is to buy a home period. If you have a pulse, you can buy a car. (See U.S. Sector, Stocks & Bond ETFs for GM and linked ETF XLI) Plus owning a new can be more satisfying than most things at least until the new car smell wears off and payments accumulate. Bulls did rally stocks from the opening bell on global manufacturing data including the U.S. ISM report. News that China’s PMI was slightly higher than expected (50.5 versus 50.4 previous) as was Europe’s (48.8 versus 46.9) was part of the stimulant. It may mean no manufacturing slowdown in those regions. Further the eurozone news that Greek debt negotiations with its bond holders would be resolved soon was also bullish. But, later it was announced a settlement may not occur until next week. Where have we heard this stuff before? (See Overseas Sectors & ETFs below for FXI, EZU and EFA).U.S. ADP Employment Data was rather confusing showing a jobs gain of 170K versus the previously revised data (325K to 292K). So jobs gained were weaker but bulls didn’t seem to mind. Construction Spending increased 1.5% but here too, previous data was revised sharply lower to .4% from 1.2% making Wednesday’s data seem better than it really was…’ , AMR wants to cut 13,000 jobs, pensions , JOSH KOPELMAN: “I THINK 2012 WILL LOOK MORE LIKE 2008 THAN 2011″ Erick Schonfeld http://techcrunch.com/2011/11/26/josh-kopelman-i-think-2012-will-look-more-like-2008-than-2011 , Greece Warns It Will Soon Be In "Condition Of Absolute Poverty" Durden 2-1-12 , Market Round-Trips To Yesterday's Open Durden 2-1-12 , "I'm Bill Gross And I Endorse Ron Paul For President" Durden 2-1-12 , "Hours" Downgraded To "Days" - Greek Deal No Longer "Any Hour Now" Durden 2-1-12 , As A Reminder, The President's Mortgage Plan Is "Dead On Arrival" Durden 2-1-12 , GM Channel Stuffing Resumes, January Dealer Inventory Second Highest Ever Durden 2-1-12 Just as we thought GM's channel stuffing days may be coming to an end, and the company may finally be normalizing its inventory management, here come January numbers, where we learn that in addition to car sales declining by 6% compared to a year ago, at 167,962 vehicles sold (of note: "Retail deliveries declined 15 percent compared with the same month a year ago and accounted for 70 percent of GM sales"), it was the all critical month end dealer inventory that caught our attention. And unfortunately as the skeptics expected, GM is back to its old tricks, as dealer inventories rose once again, this time by over 36k units, or the second highest in its post-reorg history, to a near record 619,455 vehicles stored with dealers. This is just the second highest ever in fresh start GM history, second only to November's 623,666. The January-end number represents 89 days supply, but more importantly the recent spike in restocking, which was seen with all other major car dealers, explains the ongoing "expansion" in the US economy as measured by indices such as the ISM. Eventually, when the end demand for these dealer parked vehicles does not materialize..’ , Guest Post: Our Counterfeit Economy Durden 2-1-12 Borrowing money based on imaginary future surpluses is a higher form of counterfeiting. And that is precisely what the U.S. is doing, borrowing immense sums at every level, private, corporate and State/Federal, all leveraged against phantom future surpluses, even as the economy requires some 10% of its supposed output (GDP) to be borrowed and spent on consumption each and every year just to run in place, i.e. the Red Queen's Race (Bernanke, Goldilocks and The Red Queen January 10, 2011). In other words, the U.S. economy is running a massive deficit, and squandering the vast sums being borrowed on consumption and mal-investments. Once you rely on more borrowing against imaginary future surpluses to fund your current expenses, then eventually the costs of servicing that debt exceeds any possible future surplus. The last-ditch "fix" is to simply print units of money (or borrow it into existence like the Federal Reserve)--counterfeiting, pure and simple-- and deceive the market for a time via the illusion that the freshly printed units of money are actually backed by productive value or surplus. As history has shown, eventually the market discovers the actual value of this counterfeit money, i.e. near-zero, and the system implodes. Once there is no more "free money" to fund consumption and mal-investment, then the reality of systemic insolvency is revealed to all. You cannot counterfeit actual surplus value generated by productive assets, you can only counterfeit proxy claims on future surplus. , Some Good News For Those of Us Who Are Sick of the Corruption February 1st, 2012 http://gainspainscapital.com http://albertpeia/americascorruptiondrugtrade.htm http://albertpeia.com/fbimartinezcongallard.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ‘At some point someone will talk… and that’s when things will get interesting.The last four years have been something of a high-water mark for corruption in the US. Whether it’s Solyndra, Congress’s insider trading, MF Global, the countless pork spending bills from Congress, or any number of the other hundred or so incidents that have made decent ordinary people outraged, we’ve definitely entered a period in which everyone knows the deal: the power elite live by a different set of laws than the rest of us.A record 64 percent of American adults surveyed by Gallup in a poll released Monday rated the honesty and ethical standards for members of Congress as “low” or “very low… Wall Street CEO or member of Congress might go to jail, the confessions are going to start coming fast and furious. This will have a seismic shift on the lobbying/ crony capitalism/ back-room deals that currently define American politics. That shift is already beginning (note that Goldman Sachs’ CEO hired a defense attorney and Ben Bernanke is trying to present himself as a man of the people). Also, consider the recent “slip up” by an MF Global executive under oath.Granted, we’re not yet at the point where people area actually getting nailed for the crimes they’ve committed… , Dead Market Exhibit A: January Volume Durden 1/31/12 , Gold, Silver Winning 2012 Asset Return Race With 11 Months Left Durden 1/31/12, Chicago ISM sank to 60.2 in Jan, well below market expectations of 63.0, vs 62.2 in Dec. Jan 31st, 2012 , Amazon Slides After Missing Revenues Expectations, Guides Much Lower Durden 1/31/12 , California To Run Out Of Cash In One Month, Controller Warns Durden 1/31/12 , Greece Calls Crisis Meeting As Debt Talks Stall Durden 1/31/12 , Euro Zone Jobless Hits Highest Level Since Birth of Euro Jan 31st, 2012 (CNBC) , Labor Unions Demand Escalation Of Trade War With China, Ask Obama To Restrict Chinese Auto Part Imports Durden , Greece Releases New Proposal With Even Greater Losses To Creditors Durden , Prophetic Economist Warns, ‘It’s Curtains for the US.’ Prepare. (Moneynews) Katrina Turner , STOCKS GO NOWHERE ON MORE DISAPPOINTING DATA: Here's What You Need To Know Business Insider , US S&P Case-Shiller home prices -0.7% in Nov for 20-cities index, -3.67% y/y, weaker than market expectations. Jan 31st, 2012 , SPX Update: Bears Fire a Shot Across the Bow By Jason Haver Jan 31, 2012 , 47 Signs That China Is Absolutely Destroying America On The Global Economic Stage http://theeconomiccollapseblog.com http://albertpeia.com/47signschinadestroyingamericaoneconomicstage.htm , Senators: Get Rid of Dollar Bills The Wall Street Journal [ Given the dollar debasement policies, they’re kind of like those nuisance pennies, and, as fiat paper currency, don’t even have the value of copper to fall back on. ] , Exxon Leads DJIA Losers On Tepid DayWall St. Cheat Sheet [ Increased costs the reason, the flip side of that debased dollar manipulation that’s artificially propped earnings, particularly for those multi-nationals. ] , Investors: There's Increased Probability of a Correction Minyanville Chris Vermeulen Jan 30, 2012 ‘Eventually equities will start to underperform. At that point, gold will be in the final stages of its bubble, and the term "parabolic" could likely be applied. Read more: http://www.minyanville.com/businessmarkets/articles/gold-prices-price-of-gold-federal/1/30/2012/id/39109#ixzz1kzPLaKZl , Dave’s Daily: http://www.etfdigest.com BULLS KEEP JANUARY ASCENT INTACT January 30, 2012 ‘Eurozone news took markets lower early as Portugal’s bond yields rose sharply and there still is no accord on Greek debt with private lenders. News from the eurozone remains .. natural to suspect some end-of-month window dressing. U.S. stocks began to rally off triple digit DJIA lows led primarily by technology after Europe closed (funny how that happens). Burlington Northern stated the economy was growing slowly and they were adding employees and railroad cars to meet perceived demand. This helped stimulate stocks overall even though it was little help to the transport sector (IYT) which closed the day down .43%In housing market news was this eye-opening story that Freddie Mac was betting big time against its own customers. Or, as the story headline goes, “When Homeowners Lose, Freddie Mac Wins”. Betting against your own customers isn’t anything new on Wall Street, something begun by then Goldman Sachs CEO Robert Rubin in the 90s. But for the government to do so states the obvious conflict. Also in the news was the government has increased loss projections for the auto bailout to $27 billion... http://i238.photobucket.com/albums/ff171/flyfry/new%20album/image004-114.jpg .. These stories hardly seem bullish..consumer spending was lower…’ , Conflicting Signals? Four Questions Facing The Market Forbes Charles Biderman, Contributor [ Mr. Biderman provides an astute backdrop to the ongoing debacle, but fails to properly access and attribute the fact/reality that in many ways fraudulent wall street is ‘the government’ as we’ve lamentably seen in the form of paulsen, rubin, geithner, bernanke, goldman saches, etc., and certainly when it counted for wall street at everyone else’s expense; and, the absence of high level prosecutions further testament to that factual reality. See here as well: Nothing Has Changed, But Bulls Are Becoming More Bullish Forbes Charles Biderman, Contributorhttp://www.forbes.com/sites/investor/2012/01/23/nothing-has-changed-but-bulls-are-becoming-more-bullish/?partner=yahootix This article is an incisive yet brief look at the source of funds for the upside biased stock manipulation and an important read from Forbes / Biderman ] ‘Again and again I have to keep reminding myself that most portfolio managers, as well as individual investors, firmly believe that not only can the U.S. economy grow its way out of its current mess, but that the U.S. economy has already begun that process.The fact that the Fed continues to create $100 billion of new money each month to support the economy is not as important to them as is the cumulative 60% growth in the federal deficit since 2008. Also irrelevant is that take home pay net of inflation is and has been declining on a year over year basis for the past several months…’ , REGARDING SOCIAL PROGRAMS AND GOVERNMENT OUTLAYS: THE MONEY SIMPLY ISN’T THERE January 30th, 2012 http://gainspainscapital.com , Fannie Mae, Freddie Mac Shown as Mortgage Market Predators : rcwhalen : 01/30/2012 This morning, NPR and ProPublica, began reporting on financial transactions at Freddie Mac that bet against homeowner refinancing with their portfolio. , The Market Could Soon Bottom (And Nobody Knows It) Minyanville David Banister Jan 30, 2012 , The Baltic Dry Meltdown Continues The Wall Street Journal , Making Money On Poverty: JP Morgan Makes Bigger Profits When The Number Of Americans On Food Stamps Goes Up http://theeconomiccollapseblog.com http://albertpeia.com/makingmoneyonpoverty.htm , Guest Post: The Price of Growth Tyler Durden on 01/30/2012 … Are we better off if a near-term recovery comes at the expense of our future security? The prudent among us would disagree. , Long-Dated VIX Still Priced For Depression Risk Tyler Durden on 01/30/12 , San Francisco Fed Admits Bernanke Powerless To Fix Unemployment Problem Tyler Durden on 01/30/2012 , Europe Has Worst Day In Six Weeks Zero Hedge , It's Official: German Economy Minister Demands Surrender Of Greek Budget Policy, Says It Is First Of Many Such Sovereign "Requests" Tyler Durden on 01/29/2012 , Greece Politely Declines German Annexation Demands Tyler Durden , Dave’s Daily: http://www.etfdigest.com 1-26-12 ‘…phony CPI because authorities want you to pretend you neither use heating oil, gasoline or even food for that matter. They’ve reconfigured the CPI more times than congress votes on a new debt ceiling. And, they do this to deceive but also to lower entitlement spending. Imagine all those government workers on COLAs and Social Security recipients who just stare at their heating and electric bills in disbelief. What’s a nice T-bone cost nowadays anyway? It’s the dropping price of tech toys and quality improvements they focus on that matters now. Economic data was mostly disappointing versus estimates. Jobless Claims were up more than expected (377K vs 370 exp. & prior revised higher as usual to 356K); Durable Goods Orders also missed (+.3% vs +2.2% exp. & prior 4.3%); Leading Indicators missed (+.4% vs +.7% exp. & prior +.5%); and, New Home Sales also disappointed (307K vs 320K exp. & prior 314K prior)…’ , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 http://www.marketwatch.com/video/asset/investors-skip-the-january-indicator-for-stocks-2012-01-26/D6D6B044-07E7-455A-A669-F97B87EE8452#!D6D6B044-07E7-455A-A669-F97B87EE8452 What's known as the "January indicator" says a positive month often yields gains for the year. But the indicator isn't what it's cracked up tobe,according to Market Watch's MarkHulbert , IfTheEconomyIsImproving…(Not!)... http://albertpeia.com/economynotimproving.htm , Market Preview: The Fed's Stealth Bailout of Europe TheStreet , I Present To You The First Probable US Commercial Real Estate Insolvency Of Many To Come Middleton : 01/26/2012 GGP part deux, as the hopium high sold by US regulators that allowed banks and borrowers to pretend bad loans were good wears off and reality sets in.. , Dave’s Daily: http://www.etfdigest.com 1-27-12 GDP DATA CONFIRMS SLOW GROWTH ‘GDP data was released Friday revealing headline economic growth of 2.8% versus consensus of 3.1%. Real economic growth after inflation was only 1.7% for 2011. Negatively affecting the data were lower state and local government spending, private inventory investment and, believe it or not, federal government spending. While the all-important, and much watched by the Fed, PCE (Personal Consumption Expenditures) was higher it was a disappointment overall. This may reflect what the Fed saw in the data (weak growth) which then caused them to keep interest rates low for a long period. They must worry this slow growth condition is going to be with us for a long time. This is hardly encouraging.The month of January has only a couple of trading days left. Even with Friday’s poor performance the month is still scoring outsized gains for most stock sectors. Consumer Sentiment data has stock prices as a high component, so it’s not surprising the measure was 75 versus 74 expected … , Largest Central Banks Now Hold Over 15 Trillion in Fictitious Capital : ilene : 01/27/2012 , The Silent Anschluss: Germany Formally Requests That Greece Hand Over Its Fiscal Independence Tyler Durden on 01/27/2012 , Endgame Begins - UK "Foreign Office Sources Say Merkel Now Thinks Greece Will Default" Tyler Durden on 01/27/2012 , Friday Tragedy: The US Debt Limit Explained Tyler Durden on 01/27/2012 , Fitch Gives Europe Not So High Five, Downgrades 5 Countries... But Not France Tyler Durden on 01/27/2012 , Naturally no downgrade of France. French Fitch won't downgrade France. , 16 Statistics Which Show That The Number Of Americans Dependent On The Government Is At An All-Time High http://theeconomiccollapseblog.com http://albertpeia.com/16statsamericansdependentongov.htm , Largest Central Banks Now Hold Over 15 Trillion in Fictitious Capital : ilene : 01/27/2012 A strong yen strikes again. , Fed Won't Admit it - But QE3 is Already in Force ETFguide Simon Maierhofer ‘..True, there is no QE3 (yet) in the form of QE1 or QE2. QE stands for quantitative easing and quantitative easing happens when a central bank buys financial assets to inject money into the economy. Even though it's not called QE3, the Fed is right now making billions of dollars available to buy financial instruments. We're not talking about Operation Twist here; we're talking about a covert operation that's essentially a U.S. bailout of Europe.. the S&P has reached (and exceeded) the initial up side target and is starting to create a sell signal similar to the May 2011 top..’ , Greenspan's Successor Pushing On A String Forbes , ECONOMY DISAPPOINTS, EUROPE GETS DOWNGRADED, MARKETS GO NOWHERE: Here's What You Need To KnowBusiness Insider , All Central Bank Balance Sheets Are Exploding Higher, Or Engaged In QE Jan 27th, 2012 (The Big Picture) — The degree to which central banks around the world are printing money is unprecedented …’ Economists React: GDP 'Less Impressive Than It Looks'at The Wall Street Journal , Euro Zone Money Supply Offers Grim Newsat The Wall Street Journal , Q4 GDP Misses Estimates, Inventory Stockpiling Accounts For 1.9% Of 2.8% Q4 US Economic Growth Durden on 01/27/2012 , The US economy grew at a 2.8% annualized pace in the supposedly blistering fourth quarter, yet the number was a disappointment not only in that it missed estimates of 3.0% (and far higher whisper numbers) but when one looks at the components, where a whopping 1.94% of the upside was attributable to a rise in inventories as restocking took place. And as everyone knows in this day and age a spike in inventories only leads to sub-cost dumping a few months later. In other words, the economy grew at a 0.8% pace ex inventories. Yet for all intents and purposes, this is considered "growth." , Frontrunning: January 27 Durden on 01/27/2012 · Greek Debt Wrangle May Pull Default Trigger (Bloomberg) · Italy Sells Maximum EU11 Billion of Bills (Bloomberg) · Romney Demands Gingrich Apology on Immigration (Bloomberg) · China’s Residential Prices Need to Decline 30%, Lawmaker Says (Bloomberg) · EU Red-Flags 'Volcker' (WSJ) · EU Official Sees Bailout-Fund Boost (WSJ) · EU Delays Bank Bond Writedown Plans Until Fiscal Crisis Abates (Bloomberg) · Germany Poised to Woo U.K. With Transaction Tax Alternative (Bloomberg) · Ahmadinejad: Iran Ready to Renew Nuclear Talks (Bloomberg) · Monti Takes On Italian Bureaucracy in Latest Policy Push to Revamp Economy (Bloomberg) , Juncker Breaks Away From Propaganda Pack, Says Euro Default Will Lead To Contagion Durden on 01/27/2012 , Roubini's Bearish Forecast Is Bullish For Gold Durden on 01/27/2012 He said, “Rising commodity prices, uncertainty in the Middle East, the spreading European debt crisis, increased frequency of “extreme weather events” and U.S. fiscal issues are “persistent” problems that will continue to spur market volatility and sway asset prices in the global economy. This is great news for gold. Goldman Sachs noted in a report on Jan. 13th that futures will advance to $1,940 an ounce in 12 months. Morgan Stanley forecasts the yellow metal will climb to a record of $2,175 by 2013, said analysts Peter Richardson and Joel Crane in their research report. , IceCap Asset Management: No Country For Old Men Durden on 01/26/2012 Most Canadian pension funds are banking on 7% annual returns forever. Over the next few years, this unrealistic expectation will cost the respective governments and companies millions in shortfalls. In the USA, the California Public Employees Retirement System assumes it will earn over 7.75% annual returns. This false hope will result in over $6 billion a year in lower than expected investment income, that will also have to be paid by the financially challenged state (ie. taxpayers). , Stephen Roach Explains How The Fed Is Pulling The Wool Over Our Eyes Durden on 01/26/2012 , The Fed Cannot Move Without a Crisis… And One is Coming http://gainspainscapital.com January 26th, 2012 ‘Well the Fed disappointed as I stated it would. How anyone could be surprised by this is beyond me. The Fed was admitting that the consequences of QE rendered it less “attractive” as an option as far back as May 2011.Moreover, the last six months have shown the Fed to be relying heavily on verbal intervention rather than direct monetary intervention. Every FOMC meeting (and any time the market takes a dive) some Fed official steps forward and promises that the Fed stands ready to help if needed.The reasons for this are three fold: #1) Why bother with monetary intervention when you can get the same effect from verbal intervention? #2) The Fed is too politically toxic now to simply unveil a massive new monetary scheme without a Crisis hitting first. #3) The Fed is well aware of the consequences of QE (higher food and gas prices) and while it focuses on CPI as the measure of inflation, the political pressure engendered by higher costs of living are certainly on the Fed’s radar. In plain terms, the bar for more QE is set much, much higher than the vast majority of analysts realize. The reason is that the Fed can no longer simply prime up the printing presses if the economy takes a dip. , Median Single Family Home Price in Terms of Gold Jan 27th, 2012 (Chart of the Day) — Severely depressed real estate prices continue to be a concern for investors. For some perspective on the magnitude of the decline in home prices, today’s chart presents the median single-family home price divided by the price of one ounce of gold. This results in the home / gold ratio or the cost of the median single-family home in ounces of gold. For example, it currently takes a relatively low 105 ounces of gold to buy the median single-family home. This is dramatically less than the 601 ounces it took back in 2001. When priced in gold, the median single-family home is down over 80% from its 2001 peak, remains well within the confines of a six-year accelerated downtrend and remains very near its 1980 trough. http://albertpeia.com/housegold.gif , The Man Without A Plan http://theeconomiccollapseblog.com http://albertpeia.com/omanwithoutaplan.htm ‘Barack Obama is a man without a plan. , Newt Gingrich promises to build a moon colony by 2020; make it a U.S. state [ Wow! Absolute proof that the slimy newt’s not dealing with a full deck. Say anything? This takes the cake! The ‘idea man’? Sure, all he needs is Aladdin’s lamp and infinite capital! Oh yeah, reality nothwithstanding, nasa boondoggles sell well in Cape Canaveral, Florida (and Houston, Texas). Note, he couldn’t just ‘go to the moon for the first time’ (that fake video with the flag waving in the moon’s windy atmosphere yet another example as on fraudulent wall street of that pervasively addictive hopium) America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion’

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

Gerson: Poor pay the price for Obama’s policies (Washington Post) [ True enough, consistent with the converse of ‘a rising tide lifts all boats’; viz., a falling tide sinks them (all). Yet, he’ll get their vote regardless of his recklessness and his specific damage to them. Why? Because once again, campaign rhetoric unchallenged and belied by failure to live up to his campaign rhetoric / promises / lies / b***s*** from last time around. Even that so-called safety net in an insurmountably debt-ridden defacto bankrupt nation is no safety net at all. In fact, despite the statistical / manipulative skullduggery, the costs of those window dressed make-shift jobs (temps, ‘projects’, etc.), though election year expedient, were downright unaffordably uneconomic. Wake up! ). (34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://theeconomiccollapseblog.com http://albertpeia/34shockingfactsaboutusdebt.htm ‘We have all been lied to. For decades, the leaders of both major political parties have promised us that they can fix our current system and that they can get our national debt under control. As the 2012 election approaches, they are making all kinds of wild promises once again. Well you know what? It is all a giant sham. The United States has gotten into so much debt that there will be no coming back from this. The current system is irretrievably broken… Professor Laurence J. Kotlikoff, the U.S. is facing a "fiscal gap" of over 200 trillion dollars in the future. The following is a brief excerpt from a recent article that he did for CNN...The government's total indebtedness -- its fiscal gap -- now stands at $211 trillion.. The fiscal gap is the difference, measured in present value, between all projected future spending obligations -- including our huge defense expenditures and massive entitlement programs, as well as making interest and principal payments on the official debt -- and all projected future taxes…#33 If you add up all forms of debt in the United States (government, business and consumer), it comes to more than 56 trillion dollars. That is more than $683,000 per family…). america’s totally broke! Really! No joke! Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ http://albertpeia/americangovernmentdrugtrafficking.htm http://albertpeia/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

House panel weighs insider-trading bill House committee members debated whether they should pass an insider-trading measure targeted at themselves. (Washington Post) [ Yeah … that’s a tough call … Bachmann received federally backed loanWeeks before Michele Bachmann called for dismantling federally subsidized loan programs, she and her husband signed for a $417,000 mortgage. (Washington Post) [ In my MBA thesis (MBA Finance, 1977, NYU GBA), among my conclusions was that ‘timing was everything in stock market investing’. Yes, indeed, you must time the market to be successful, though such position was squarely opposed to a panoply of ‘mechanized approaches’ (ultimately that latter being a rationale to separate you from your money, regardless. In fact, today more than ever, buy and hold’s a sure loser even without the crashes when measured against a ‘real price deflator’ that takes into account the real rate of inflation. Well, in her defense she could always argue that the legislated ban on congressional insider trading hadn’t been passed yet … just kidding! Actually, we all know that just applied to stocks anywho. And, until the congress says those things that are illegal for everyone else are illegal for congress, such illegal activity is not really illegal; for them only, that is. No one’s above the law? Not so in pervasively corrupt, defacto bankrupt america where a clearly illegal act is not illegal for them unless they themselves say it’s to be prospectively considered illegal for them. Ethics? Silly boys and girls, as in , ‘don’t be silly!’. Congressional earmarks sometimes used to fund projects near lawmakers' properties EXCLUSIVE | Thirty-three members of Congress have steered more than $300 million in earmarks and other spending provisions to dozens of public projects that are next to or within about two miles of the lawmakers’ own property, according to a Washington Post investigation. Earmarks alive and well, probe finds A study of defense bill identifies 115 proposals as earmarks, including 20 by GOP freshmen who campaigned against the pet projects. (Washington Post) [ Such things do wonders for property values; even the most ill-chosen properties. Lesson: ‘If you don’t know a damn thing about much of anything, ie., finance, real estate, business, etc., run for and be part of congress to make being stupid not matter’. I think a more telling example of self-dealing are those steady raises and increased benefits packages that congress continued to vote for themselves despite what we all now know to be jobs so poorly done that the nation is now hopelessly and insumountably broke in every way that could possibky be imagined. ‘FULL COVERAGE OF JUSTICE DEPT. SCANDALS http://topics.dailycaller.com/politics/justice-department.htm http://albertpeia.com/dojscandals.htm , I Can’t Take It Anymore! When Will The Government Quit Putting Out Fraudulent Employment Statistics? http://theeconomiccollapseblog.com http://albertpeia.com/governmentfraudulentemploymentstats.htm

The Markets Since Their 2000 Highs: We're Not Bouncing Back http://www.bullfax.com/?q=node-markets-their-2000-highs-were-not-bouncing-back ... [ Actually the picture is even worse if the real inflation rate used. Wall street is total fraud and bs! Keep in mind, in addition to loss of principal, the flux / worry takes its toll on health as well as productivity. ] 02/02/2012 By Doug Short: ‘The January Effect in 2012 was quite strong, and the U.S. markets have continued the rally that began last October. But let's take a step back and review the performance of the major US indexes in the 21st century through the end of January 2012. Here is an update in response to a standing request from David England, a professor who has developed a popular college level stock market classes at John A. Logan College in Carterville, Illinois. David is also the founder of thetraderseye.com. In his upcoming presentations, he wants to disprove the standard message of Wall Street, "Don't worry! The market will always come back." I furnished David with some charts, and I shared them with regular visitors to my Advisor Perspectives pages. Specifically, David had asked for real (inflation-adjusted) charts of the S&P 500, Dow 30, and Nasdaq Composite. So I created two overlays — one with Complete Story » [ The following are important charts from Doug Short:

http://albertpeia.com/3real1.png

http://albertpeia.com/3real2.png

http://albertpeia.com/3real3.png

http://albertpeia.com/3real4.png

I Can’t Take It Anymore! When Will The Government Quit Putting Out Fraudulent Employment Statistics? http://theeconomiccollapseblog.com http://albertpeia.com/governmentfraudulentemploymentstats.htm

The Financial Crisis Of 2008 Was Just A Warm Up Act For The Economic Horror Show That Is Coming http://theeconomiccollapseblog.com http://albertpeia.com/2008crisisjustwarmupforcomingcollapse.htm

A Decade of Decline in Equity Markets Faisal Humayun [ This is a must read and explains how the market’s been artificially propped, the dow relative to hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was trading at 11,357 levels at the beginning of the year 2000. More than a decade later (as of beginning July 2011), the index is at 12582. Therefore, the index has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining) debasement rate was 31%. (-31%) Meanwhile, the frauds on wall street are churnin’ and earnin’ like never before at lightning computerized speeds enabling the high-frequency trades that are commissioned in unprecedented large volumes; a big net negative in real economic terms.Check out this inflation calculator:http://www.albertpeia.com/inflationcalculator.htm Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year. I now see a similar confluence of events that warns of phase II of the global crisis.

Once again I see all the “canaries in the mine,” which warned of the 2008 crisis. My just released book, Financial Apocalypse , provides the clues and the road map, with charts, of how my indicators successfully predicted the meltdown that occurred in the fall of 2008. This book is a guide for detecting the next crisis whenever it occurs. History repeats, or at minimum, it rhymes.

My work shows that “the new recession has started.” The May 9 issue of the Wellington Letter was headlined: “Return of the Double-Dip.” At the time, economists were looking for a great economy in the second half. Now they talk about a “soft patch.” Over the past 33 years, we have called the start of every recession, often on the exact month, or within one month, of the official start as determined one year later by the official arbiter of recession, the National Bureau of Economic Research (NBER).

How can we be in recession now when the GDP still shows growth? Because of improper inflation adjustments. “Real” GDP growth, the headline number, is nominal growth minus the rate of inflation. However, inflation is far understated for political reasons.

Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation, according to free market economists who calculate inflation as it was done in 1980 before the politician re-engineered it, is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction.

When the current euphoric earnings forecasts of Wall Street finally reflect that via significant “earnings downgrades,” the stock market will see a serious “adjustment” as well.

On July 18, Goldman Sachs (GS) substantially lowered its economic growth forecast. Marketwatch.com had this headline: Goldman Sachs slashes Economic Forecasts. The next step will be for them to substantially reduce earnings forecasts for the S&P 500.

Will the phase II be as bad as the 2008 crisis? The last crisis was confined to the private sector, i.e. financial institutions. The next one will be involve the threatened default of entire countries. The last time, the central banks bailed out the financial firms and even Warren Buffett bailed out several firms. Who is big enough to bail out entire countries? Or will the term of “too big to fail” turn to “too big to bail?”…’

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

Bachmann received federally backed loanWeeks before Michele Bachmann called for dismantling federally subsidized loan programs, she and her husband signed for a $417,000 mortgage. (Washington Post) [ Timing’s everything! In my MBA thesis (MBA Finance, 1977, NYU GBA), among my conclusions was that ‘timing was everything in stock market investing’. Yes, indeed, you must time the market to be successful, though such position was squarely opposed to a panoply of ‘mechanized approaches’ (ultimately that latter being a rationale to separate you from your money, regardless. In fact, today more than ever, buy and hold’s a sure loser even without the crashes when measured against a ‘real price deflator’ that takes into account the real rate of inflation. Well, in her defense she could always argue that the legislated ban on congressional insider trading hadn’t been passed yet … just kidding! Actually, we all know that just applied to stocks anywho…riiiiight! And, until the congress says those things that are illegal for everyone else are illegal for congress, such illegal activity is not really illegal; for them only, that is. No one’s above the law? Not so in pervasively corrupt, defacto bankrupt america where a clearly illegal act is not illegal for them and their’s (see infra) unless they themselves say it’s to be prospectively considered illegal for them. Ethics? Silly boys and girls, as in , ‘don’t be silly!’.

The Markets Since Their 2000 Highs: We're Not Bouncing Back http://www.bullfax.com/?q=node-markets-their-2000-highs-were-not-bouncing-back ... [ Actually the picture is even worse if the real inflation rate used. Wall street is total fraud and bs! Keep in mind, in addition to loss of principal, the flux / worry takes its toll on health as well as productivity. ] 02/02/2012 By Doug Short: ‘The January Effect in 2012 was quite strong, and the U.S. markets have continued the rally that began last October. But let's take a step back and review the performance of the major US indexes in the 21st century through the end of January 2012. Here is an update in response to a standing request from David England, a professor who has developed a popular college level stock market classes at John A. Logan College in Carterville, Illinois. David is also the founder of thetraderseye.com. In his upcoming presentations, he wants to disprove the standard message of Wall Street, "Don't worry! The market will always come back." I furnished David with some charts, and I shared them with regular visitors to my Advisor Perspectives pages. Specifically, David had asked for real (inflation-adjusted) charts of the S&P 500, Dow 30, and Nasdaq Composite. So I created two overlays — one with Complete Story » [ The following are important charts from Doug Short:

http://albertpeia.com/3real1.png

http://albertpeia.com/3real2.png

http://albertpeia.com/3real3.png

http://albertpeia.com/3real4.png

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

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

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

Job gains lead to surge on Wall Street Unexpectedly rosy jobs report sets off a chain reaction, upending economists’ gloomy predictions. ‘This is all smoke and mirrors.’ (Washington Post) [ Wow! The ‘jobs report’ is being discussed / hailed as if it’s real! I had hoped by scouring this article before comment to have been able to put The Post among the few so-called ‘mainstream media’ exceptions to what otherwise must be categorized journalistically as either corrupt, incompetent, or just plain dumb. Sadly, truly, I cannot (unretire / bring back Mr. Woodward!). No doubt, a reason for decline in readership, viewing among those ‘mainstream’ sources; whether it be print, television, or digital / internet. Such a pronouncement might be considered a bit harsh if only the substantive issues were a bit more financially complex; and, even then no justification for this lapse in journalistic integrity and consequent shoddy journalism. However, this is not the case and the factual scenario / issues rather simple (see infra). Quite simply, there’s absolutely no excuse for this ‘lightweight’ fluff piece which is totally devoid of substance (euphemistically speaking, that is – I’d be more apt to describe this article in terms of a four letter word that begins with the letter ‘s’). How pathetic! To see this pandering to the desperate pols in this election year regardless of failure at the unaffordable and insurmountable cost for obfuscation is unquestionably somewhat Orwellian, ‘1984ish’. Terrible! How very disappointing! I guess the late William Colby is still right! ‘The CIA’s secret operations to influence journalism started in the 1950s by infiltrating the media and bribing journalists to be operatives and assets for the CIA. By 1976, then CIA director William Colby reportedly bragged that the CIA owned the press. Supposedly, this too secret to name operation was coined “Operation Mockingbird” by Deborah Davis in her book Katherine the Great’.

‘FULL COVERAGE OF JUSTICE DEPT. SCANDALS http://topics.dailycaller.com/politics/justice-department.htm http://albertpeia.com/dojscandals.htm , I Can’t Take It Anymore! When Will The Government Quit Putting Out Fraudulent Employment Statistics? http://theeconomiccollapseblog.com http://albertpeia.com/governmentfraudulentemploymentstats.htm ‘On Friday, the entire financial world celebrated when it was announced that the unemployment rate in the United States had fallen to 8.3 percent. That is the lowest it has been since February 2009, and it came as an unexpected surprise for financial markets that are hungry for some good news. According to the Bureau of Labor Statistics, nonfarm payrolls jumped by 243,000 during the month of January. You can read the full employment report right here. Based on this news, pundits all over the world were declaring that the U.S. economy is back. Stocks continued to rise on Friday and the Dow is hovering near a 4 year high. So does this mean that our economic problems are over? Of course not. A closer look at the numbers reveals just how fraudulent these employment statistics really are. Between December 2011 and January 2012, the number of Americans "not in the labor force" increased by a whopping 1.2 million. That was the largest increase ever in that category for a single month. That is how the federal government is getting the unemployment rate to go down. The government is simply pretending that huge numbers of unemployed Americans don't want to be part of the labor force anymore. As you will see below, the employment situation in America is not improving. Yet everyone in the mainstream media is dancing around as if the economic crisis has been cancelled. I can't take it anymore! It is beyond ridiculous that so many intelligent people continue to buy in to such fraudulent numbers… http://albertpeia.com/Labor-Force-Participation-Rate-440x264.png , http://albertpeia.com/Employment-Population-Ratio-440x264.png … , Long-Term Unemployment Remains High, Millions Leave Labor Force Matt Cover | Number of long-term unemployed was unchanged at 5.5 million in January, near its record .. , Dave’s Daily: http://www.etfdigest.com CONTROVERSIAL JOBS REPORT STOKES BULLS February 03, 2012 ‘The jobs report Friday was a ginned-up number but the media and algos don’t look under the hood much it seems. Yes, the unemployment rate fell to 8.3% and 243K new jobs were created and perhaps the number itself will boost confidence.My favorite book from college statistics was ‘How to Lie with Statistics’. I believe the Bureau of Labor Statistics (BLS) may have ripped a chapter or two from the book. The details were interesting and little reported because the media has soap to sell. First a whopping 1.2 million people vanished from the labor force in 2011. That is a massive seasonal/consensus driven adjustment. The BLS assumes those people aged 55 and higher died from the 2010 consensus. (So much for living longer in the USA!)This means the labor force fell to a 30 year low of 63.7%. Around 113K of the gain in employment came from low wage jobs according to CRT Capital Group. Also part-time jobs rose by 699K, the third highest in history, while only 80K full-time jobs were created. Finally, the ISM Services Report, which rose to 56.8 from 52.6, included an increase in sector employment from 49.8 to 57.3, but perhaps didn’t include large sector bank layoffs. Other skeptics included PIMCO’s Bill Gross who tweeted: http://albertpeia.com/grosstweet.jpg Respected TrimTabs detailed analysis which mocks the BLS and well regarded blogger Jesse’s Café Americain.Lack of in-depth or accurate reporting aside, the stock market loved the report as it was “dummy up” time in the media. Other data included rising Factory Orders but missed expectations (1.1% vs 1.8% previous & 1.5% consensus)…’ , Obama’s economic policies have created a nation of jobless citizens dependent on government handouts Natural News | It’s no secret that the U.S. national debt is poised to increase by more than $6 trillion during President Obama’s first four years in office., Record 1.2 Million People Fall Out Of Labor Force In One Month, Labor Force Participation Rate Tumbles To Fresh 30 Year Low Durden 2-3-12 A month ago, we joked when we said that for Obama to get the unemployment rate to negative by election time, all he has to do is to crush the labor force participation rate to about 55%. Looks like the good folks at the BLS heard us: it appears that the people not in the labor force exploded by an unprecedented record 1.2 million. No, that's not a typo: 1.2 million people dropped out of the labor force in one month! So as the labor force increased from 153.9 million to 154.4 million, the non institutional population increased by 242.3 million meaning, those not in the labor force surged from 86.7 million to 87.9 million. Which means that the civilian labor force tumbled to a fresh 30 year low of 63.7% as the BLS is seriously planning on eliminating nearly half of the available labor pool from the unemployment calculation.. , Implied Unemployment Rate Rises To 11.5%, Spread To Propaganda Number Surges To 30 Year High Durden 2-3-12 Sick of the BLS propaganda? Then do the following calculation with us: the US civilian non-institutional population was 242,269 in January, an increase of 1.7 million month over month: apply the long-term average labor force participation rate of 65.8% to this number (because as chart 2 below shows, people are not retiring as the popular propaganda goes: in fact labor participation in those aged 55 and over has been soaring as more and more old people have to work overtime, forget retiring), and you get 159.4 million: that is what the real labor force should be. The BLS reported one? 154.4 million: a tiny 5 million difference. Then add these people who the BLS is purposefully ignoring yet who most certainly are in dire need of labor and/or a job to the 12.758 million reported unemployed by the BLS and you get 17.776 million in real unemployed workers. What does this mean? That using just the BLS denominator in calculating the unemployed rate of 154.4 million, the real unemployment rate actually rose in January to 11.5%. Compare that with the BLS reported decline from 8.5% to 8.3%. It also means that the spread between the reported and implied unemployment rate just soared to a fresh 30 year high of 3.2%. And that is how with a calculator and just one minute of math, one strips away countless hours of BLS propaganda. , Marc Faber: "Ron Paul Would Be A Very Good President" Durden on 2-3-12 While Marc Faber shares the usual stock of insightful market commentary, together with timing inflection points, and extended thoughts in the attached Bloomberg TV clip, it is the fact that he has officially joined Bill Gross, and so many others, in supporting the candidacy of Ron Paul as president. It is rather sad that only those who see beyond the surface of the current pyramid scheme facade, are bold enough to endorse the only man who is right for the White House. Fast forward to 15 minutes into the video to hear Marc Faber: "Ron Paul would be a very good president.", Europe Celebrates Its Latest Recession With Record High Gas Prices Durden on 2-3-12 , Is China's Yield Curve Signaling A Harder Landing? Durden on 2-3-12 , Guest Post: Counterfeit Value Derivatives: Follow The Bouncing Ball Durden on 2-3-12 According to the Bank of International Settlements, as of June 2011 total over-the-counter derivatives contracts have an outstanding notional value of 707.57 trillion dollars, ( 32.4 trillion dollars in CDS’s alone). Where does this kind of money come from, and what does it refer to? We don’t really know, because over-the-counter derivatives are not transparent or regulated. With regulated economic markets, when an underlying real asset is impaired (i.e. the company in question is bankrupt, the mortgage has defaulted, etc.), market value is assessed, default insurance is paid up to replacement or full value, bond holders and stock holders make claims on remaining value and the account is closed. There is no need for bailouts because order and proportion of compensation has been established and everything is attached to the value of the underlying asset. When the unreal, counterfeit economy intrudes, you now have a situation where a person can put in an unregulated, but recognized, claim to be paid a thousand times over in case of impairment. Say market participants have negotiated for a bankrupt company a 70% payback for bondholders and (36% payback for insurance claims), and I come with not one but rather 1,000 CDS claims demanding to be paid for each CDS. , Deconstructing The "Massive Beat" in Employment Data : ilene : 2-3-12 If last week's tax data is indicative of what's ahead this month, the "good news" won't be sustained. , Why U.S. Unemployment Rate Is 12.1% http://www.bullseyemicrocaps.com/?p=46058 February 2, 2012 Carlos X. Alexandre: ‘There are plenty of ways of looking at the unemployment numbers, and U3 is the “official unemployment rate.” The U6 measurement is often mentioned to highlight the precarious condition of the job market in America in a broader sense, and according to the Bureau of Labor Statistics (BLS), the official rate is 8.5% while U6 stands at 15.5%. The definition for U6 is as follows: “Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force.” I must acknowledge that the BLS has made modifications to its methods (pdf) over the years, but I used their numbers as published…’

Record 1.2 Million People Fall Out Of Labor Force In One Month, Labor Force Participation Rate Tumbles To Fresh 30 Year Low Tyler Durden 2-3-12 A month ago, we joked when we said that for Obama to get the unemployment rate to negative by election time, all he has to do is to crush the labor force participation rate to about 55%. Looks like the good folks at the BLS heard us: it appears that the people not in the labor force exploded by an unprecedented record 1.2 million. No, that's not a typo: 1.2 million people dropped out of the labor force in one month! So as the labor force increased from 153.9 million to 154.4 million, the non institutional population increased by 242.3 million meaning, those not in the labor force surged from 86.7 million to 87.9 million. Which means that the civilian labor force tumbled to a fresh 30 year low of 63.7% as the BLS is seriously planning on eliminating nearly half of the available labor pool from the unemployment calculation.. it can only mean that the US is replacing high paying FIRE jobs with low paying construction and manufacturing

Implied Unemployment Rate Rises To 11.5%, Spread To Propaganda Number Surges To 30 Year High Tyler Durden 2-3-12 Sick of the BLS propaganda? Then do the following calculation with us: the US civilian non-institutional population was 242,269 in January, an increase of 1.7 million month over month: apply the long-term average labor force participation rate of 65.8% to this number (because as chart 2 below shows, people are not retiring as the popular propaganda goes: in fact labor participation in those aged 55 and over has been soaring as more and more old people have to work overtime, forget retiring), and you get 159.4 million: that is what the real labor force should be. The BLS reported one? 154.4 million: a tiny 5 million difference. Then add these people who the BLS is purposefully ignoring yet who most certainly are in dire need of labor and/or a job to the 12.758 million reported unemployed by the BLS and you get 17.776 million in real unemployed workers. What does this mean? That using just the BLS denominator in calculating the unemployed rate of 154.4 million, the real unemployment rate actually rose in January to 11.5%. Compare that with the BLS reported decline from 8.5% to 8.3%. It also means that the spread between the reported and implied unemployment rate just soared to a fresh 30 year high of 3.2%. And that is how with a calculator and just one minute of math, one strips away countless hours of BLS propaganda.

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

Airline’s pension bailout plan draws ire American Airlines’ move to terminate its pension plans has angered the PBGC and labor unions. (Washington Post) [ Sign of the times? Y’ain’t seen nothin’ yet. This is especially so for any of those numerous pension plans of the defined benefit variety (the benefit as defined is what you get and shortfalls in returns to fund same must be made up), as opposed to the more fiscally conservative defined contribution (whatever the contribution earns is what you get) genre. Why? Because the assumptions for returns in said plans to fund the benefits are ‘wildly optimistic’ and far in excess of the ‘zero interest rate reality’ without imprudent risks, including that of the wildly overvalued stock market, currently being flooded sub rosa with the latest manifestation of QE, viz. over-printed / created Weimar fiat paper dollar currency, to everyone’s detriment save those frauds on wall street. The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm ] Huge suckers’ rally with across the board media et als complicity (infra). This will all end quite badly and is much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles. This global suckers’ rally is based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare (which is being injected sub rosa, see infra), bad news, fraud, b***s***, and desperation alone, as suckers’ rallies ushered in the new year in a most preposterous fashion [Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’ for the superstitious so-called ‘January effect’ based on based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, b***s***, and desperation alone to suck suckers in and keep suckers sucked in! Don’t be their fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s using the up moves to reduce risk assets / stocks / exposure, in other words, he’s selling the rallies which is sound advice. The fundamentals/realities, current and prospective, are worse than ever. There are no systems/formulas for these unprecedentedly dire times. Don’t be their sucker! This is an especially great opportunity to sell / take profits because there’s much, much worse to come! Here’s a simple chart of the Dow’s history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als.] with lingering intoxication an explanation as the printing presses and issuance of worthless insurmountable debt paper are in full throttle globally (a testament to global blindness as the blind follow the blind) making this impending disaster at this time an especially great opportunity to sell / take profits because there’s much, much worse to come! jersey-lautenberg based adp with 100% better than expectations private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce department data? Labor dept. ue claims / ue numbers? Only a fool believes what they say! ( After One Month Respite, Pink Slips Are Flying Again Tyler Durden , Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Tyler Durden on 01/06/2012 .. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg , ) The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , Goldman Turns Bearish: Squid Releases Top Trades For 2012... And It's Not Pretty Durden .. the squid is bearish. Which is bad news , Market Rally Won't Last Long Forbes , The Worldwide Depression/Recession Of 2012 Jeff Harding, STOCKS RISE DESPITE MORE BAD NEWS: Here's What You Need To Know Business Insider Sam Ro ‘As Greece inches toward default and the sufficiency of Europe's EFSF bailout fund is called into question, everyone's worst nightmares of Europe's debt debacle escalating to a systemic crisis could be nearing reality. ‘ , The most accurate forecaster on the Street thinks stocks are going downAdam ParkerBloomberg Morgan Stanley's Adam Parker was crowned the most accurate forecaster when the S&P 500 closed 2011 within a handful of points of his year-end target of 1,238. His 2012 year end target calls for stocks to fall to 1,167. He sees a global economic slowdown hitting corporate profits hard. , An eerie technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57. And there's one thing that'll cause the markets to tip: Europe. “If the history of debt tells us anything it is that one cannot solve a debt crisis by lending more money to the bankrupt and the insolvent,” Zimmerman says. , As it stands, the dollar is toast Laura4Smith Euro Pacific Capital's John Browne thinks the U.S. dollar will soon lose credibility, thanks to manipulation by the Fed. , Persistent delevering will cause the whole world to implode Bloomberg TV Bill Gross kicked 2012 with a particularly gloomy letter. , Home prices will fall another 20% Bloomberg In his latest note, Gary Shilling lays out his 20 investment themes for 2012.Theme #12 calls for home prices to continue plummeting, falling another 20% over the next several years. This is on top of the 33% drop we've already seen. , Greece will hard default and bring everyone else down with it Nomura's permabear Bob Janjuah had some cheery things to say about Greece and it's effect on the markets."The real pain may only be seen in March, when I expect the hard Greece default to happen. In Q1 I expect the S&P will trade down to/below 1000, and core US, UK and German government Bond yields will be closer to 1.5% than 2%." , China is headed for a hardlanding SocGen's Albert Edwards thinks 2013 will be better than 2012. But that's only because he believes 2012 could be the worst year ever. , The US economy is about to tank ECRI's Lakshman Achutan hasn't budged on his recession call, and he has been taking a lot of heat for it. Here's a quote from a recent press release (via Doug Short): "If you think this is a bad economy, you haven’t seen anything yet. And that has profound implications for both Main Street and Wall Street.", Graham Summers’ Weekly Market Forecast (Has the Can Hit the Wall? Edition) http://gainspainscapital.com January 17th, 2012 ‘As usual, bad news was released over the weekend when the least number of people are paying attention… The answer is a Crisis that will make 2008 look like a picnic.This is coming… it’s only a matter of when…’ 17 Facts About The Decline Of The U.S. Auto Industry That Are Almost Too Crazy To Believe http://theeconomiccollapseblog.com http://albertpeia.com/declineusautoindustry.htm ( Warning Signs That We Should Prepare For The Worst http://albertpeia.com/prepareforworst.htm ) Very few things illustrate how dramatically America has been deindustrialized than the stunning decline of the U.S. auto industry. , RealClearMarkets - Gary Shilling: New Global Recession Is Here (It’s actually a depression and no nation will be spared!) http://www.marketwatch.com/story/shilling-says-new-global-recession-is-here-2012-01-20?link=MW_story_popular By Howard Gold NEW YORK (MarketWatch) — ‘For most economists, the main question is whether we will have a new recession. For Gary Shilling, the only question is how big. , 20 Signs That Europe Is Plunging Into A Full-Blown Economic Depression The American Dream | An economic nightmare is descending on Europe. http://albertpeia.com/20signsofeuropedepression.htm , Guest Post: Counterfeit Money, Counterfeit Policy Durden 1/31/12 Counterfeiting is illegal because it is the false creation of value. The counterfeiter takes low-value paper and turns it into high-value money, which is fundamentally a claim on the real productive value of the economy that issues the currency and recognizes it as a proxy means of exchanging that productive value. Counterfeiting is illegal because the counterfeiter creates no additional value--he creates only the proxy for value. Creating real value--adding meaningful goods or services to the economy--is tedious, hard work. How much easier to simply transform near-worthless paper into a claim on actual goods and services. If this is illegal, then would somebody please arrest the Board of the Federal Reserve for counterfeiting? The Fed has blatantly printed money without creating any real value to back up their added claims on productive value. Hence they are counterfeiting, pure and simple. A government based on rule of law would arrest these fraudsters and cons at the earliest possible convenience. , Survey: home prices declined in 19 of 20 cities in November; prices back to 2003 levels Jan 31st, 2012 (AP) , Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ http://albertpeia/americangovernmentdrugtrafficking.htm http://albertpeia/americascorruptiondrugtrade.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”, The Markets Since Their 2000 Highs: We're Not Bouncing Back http://www.bullfax.com/?q=node-markets-their-2000-highs-were-not-bouncing-back ... [ Actually the picture is even worse if the real inflation rate used. Wall street is total fraud and b***s***! Keep in mind, ina addition to loss of principle, the flux / worry takes its toll on health as well as productivity. http://albertpeia.com/3real1.png http://albertpeia.com/3real2.png http://albertpeia.com/3real3.png http://albertpeia.com/3real4.png ] , Market Preview: Insiders (Getting’) Out!!!!!? , The Fed's Dirty Little Secret - QE3 is Already Here ETFguide [ And with all its contraindicated ponzi / inflationary implications. ] , 45% Of Greeks Have Never Used The Internet Durden on 02/02/2012 { These stats are rather shocking to me and surely pathetic. Note Iceland, which has come back after being ravaged by the banksters. http://albertpeia.com/greeksinternet.jpg } , Europe's "Great Deleveraging" Has Only Just Begun Durden on 02/02/2012 While Europe's financial services sector equity prices have retraced almost half of their May11 to Oct11 losses as we are told incessantly not to underestimate the impact of the LTRO, Morgan Stanley points out the other side of the balance sheet will continue to sag. While short-term liquidity (at least EUR-based liquidity as USD FX Swap lines are back at record highs this week) , Guest Post: Fraudulent Debt = Counterfeit Money Durden on 02/02/2012 Let's compare three financial criminals. The first is an old-fashioned counterfeiter who doctors up paper and runs a printing press to produce fake currency. The second criminal borrows money based on a fraudulent asset and phantom future income. , Goldman, Blackstone, Glencore and Facebook. What do they have in common? They all sold the Top. : thetrader : 02/02/2012 Smart money selling again. , Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ http://albertpeia/americangovernmentdrugtrafficking.htm http://albertpeia/americascorruptiondrugtrade.htm ] , House prices hit post-bubble low Washington Post | What Obama didn’t mention in his SOTU address – the housing bust has reached a new all-time low , Obama’s Economic Approval Just 36 Percent Campaign2012 | Only 36 percent of likely voters grade the administration’s handling of the economy at good or excellent. , Bribery, compromised officials leave indicted financial-crime suspects free from prosecution under Holder’s DOJ Daily Caller By Matthew Boyle http://dailycaller.com/2012/02/01/bribery-compromised-officials-leave-indicted-financial-crime-suspects-free-from-prosecution-under-holders-doj/#ixzz1lI97L3C5 | ‘A U.S. Justice Department source has told The Daily Caller that at least two DOJ prosecutors accepted cash bribes from allegedly corrupt finance executives. A U.S. Justice Department source has told The Daily Caller that at least two DOJ prosecutors accepted cash bribes from allegedly corrupt finance executives who were indicted under court seal within the past 13 months, but never arrested or prosecuted. , ‘FULL COVERAGE OF JUSTICE DEPT. SCANDALS http://topics.dailycaller.com/politics/justice-department.htm http://albertpeia.com/dojscandals.htm , I Can’t Take It Anymore! When Will The Government Quit Putting Out Fraudulent Employment Statistics? http://theeconomiccollapseblog.com http://albertpeia.com/governmentfraudulentemploymentstats.htm ‘On Friday, the entire financial world celebrated when it was announced that the unemployment rate in the United States had fallen to 8.3 percent. That is the lowest it has been since February 2009, and it came as an unexpected surprise for financial markets that are hungry for some good news. According to the Bureau of Labor Statistics, nonfarm payrolls jumped by 243,000 during the month of January. You can read the full employment report right here. Based on this news, pundits all over the world were declaring that the U.S. economy is back. Stocks continued to rise on Friday and the Dow is hovering near a 4 year high. So does this mean that our economic problems are over? Of course not. A closer look at the numbers reveals just how fraudulent these employment statistics really are. Between December 2011 and January 2012, the number of Americans "not in the labor force" increased by a whopping 1.2 million. That was the largest increase ever in that category for a single month. That is how the federal government is getting the unemployment rate to go down. The government is simply pretending that huge numbers of unemployed Americans don't want to be part of the labor force anymore. As you will see below, the employment situation in America is not improving. Yet everyone in the mainstream media is dancing around as if the economic crisis has been cancelled. I can't take it anymore! It is beyond ridiculous that so many intelligent people continue to buy in to such fraudulent numbers… http://albertpeia.com/Labor-Force-Participation-Rate-440x264.png , http://albertpeia.com/Employment-Population-Ratio-440x264.png … , Long-Term Unemployment Remains High, Millions Leave Labor Force Matt Cover | Number of long-term unemployed was unchanged at 5.5 million in January, near its record .. , Dave’s Daily: http://www.etfdigest.com CONTROVERSIAL JOBS REPORT STOKES BULLS February 03, 2012 ‘The jobs report Friday was a ginned-up number but the media and algos don’t look under the hood much it seems. Yes, the unemployment rate fell to 8.3% and 243K new jobs were created and perhaps the number itself will boost confidence.My favorite book from college statistics was ‘How to Lie with Statistics’. I believe the Bureau of Labor Statistics (BLS) may have ripped a chapter or two from the book. The details were interesting and little reported because the media has soap to sell. First a whopping 1.2 million people vanished from the labor force in 2011. That is a massive seasonal/consensus driven adjustment. The BLS assumes those people aged 55 and higher died from the 2010 consensus. (So much for living longer in the USA!)This means the labor force fell to a 30 year low of 63.7%. Around 113K of the gain in employment came from low wage jobs according to CRT Capital Group. Also part-time jobs rose by 699K, the third highest in history, while only 80K full-time jobs were created. Finally, the ISM Services Report, which rose to 56.8 from 52.6, included an increase in sector employment from 49.8 to 57.3, but perhaps didn’t include large sector bank layoffs. Other skeptics included PIMCO’s Bill Gross who tweeted: http://albertpeia.com/grosstweet.jpg Respected TrimTabs detailed analysis which mocks the BLS and well regarded blogger Jesse’s Café Americain.Lack of in-depth or accurate reporting aside, the stock market loved the report as it was “dummy up” time in the media. Other data included rising Factory Orders but missed expectations (1.1% vs 1.8% previous & 1.5% consensus)…’ , Obama’s economic policies have created a nation of jobless citizens dependent on government handouts Natural News | It’s no secret that the U.S. national debt is poised to increase by more than $6 trillion during President Obama’s first four years in office., Record 1.2 Million People Fall Out Of Labor Force In One Month, Labor Force Participation Rate Tumbles To Fresh 30 Year Low Durden 2-3-12 A month ago, we joked when we said that for Obama to get the unemployment rate to negative by election time, all he has to do is to crush the labor force participation rate to about 55%. Looks like the good folks at the BLS heard us: it appears that the people not in the labor force exploded by an unprecedented record 1.2 million. No, that's not a typo: 1.2 million people dropped out of the labor force in one month! So as the labor force increased from 153.9 million to 154.4 million, the non institutional population increased by 242.3 million meaning, those not in the labor force surged from 86.7 million to 87.9 million. Which means that the civilian labor force tumbled to a fresh 30 year low of 63.7% as the BLS is seriously planning on eliminating nearly half of the available labor pool from the unemployment calculation.. , Implied Unemployment Rate Rises To 11.5%, Spread To Propaganda Number Surges To 30 Year High Durden 2-3-12 Sick of the BLS propaganda? Then do the following calculation with us: the US civilian non-institutional population was 242,269 in January, an increase of 1.7 million month over month: apply the long-term average labor force participation rate of 65.8% to this number (because as chart 2 below shows, people are not retiring as the popular propaganda goes: in fact labor participation in those aged 55 and over has been soaring as more and more old people have to work overtime, forget retiring), and you get 159.4 million: that is what the real labor force should be. The BLS reported one? 154.4 million: a tiny 5 million difference. Then add these people who the BLS is purposefully ignoring yet who most certainly are in dire need of labor and/or a job to the 12.758 million reported unemployed by the BLS and you get 17.776 million in real unemployed workers. What does this mean? That using just the BLS denominator in calculating the unemployed rate of 154.4 million, the real unemployment rate actually rose in January to 11.5%. Compare that with the BLS reported decline from 8.5% to 8.3%. It also means that the spread between the reported and implied unemployment rate just soared to a fresh 30 year high of 3.2%. And that is how with a calculator and just one minute of math, one strips away countless hours of BLS propaganda. , Marc Faber: "Ron Paul Would Be A Very Good President" Durden on 2-3-12 While Marc Faber shares the usual stock of insightful market commentary, together with timing inflection points, and extended thoughts in the attached Bloomberg TV clip, it is the fact that he has officially joined Bill Gross, and so many others, in supporting the candidacy of Ron Paul as president. It is rather sad that only those who see beyond the surface of the current pyramid scheme facade, are bold enough to endorse the only man who is right for the White House. Fast forward to 15 minutes into the video to hear Marc Faber: "Ron Paul would be a very good president.", Europe Celebrates Its Latest Recession With Record High Gas Prices Durden on 2-3-12 , Is China's Yield Curve Signaling A Harder Landing? Durden on 2-3-12 , Guest Post: Counterfeit Value Derivatives: Follow The Bouncing Ball Durden on 2-3-12 According to the Bank of International Settlements, as of June 2011 total over-the-counter derivatives contracts have an outstanding notional value of 707.57 trillion dollars, ( 32.4 trillion dollars in CDS’s alone). Where does this kind of money come from, and what does it refer to? We don’t really know, because over-the-counter derivatives are not transparent or regulated. With regulated economic markets, when an underlying real asset is impaired (i.e. the company in question is bankrupt, the mortgage has defaulted, etc.), market value is assessed, default insurance is paid up to replacement or full value, bond holders and stock holders make claims on remaining value and the account is closed. There is no need for bailouts because order and proportion of compensation has been established and everything is attached to the value of the underlying asset. When the unreal, counterfeit economy intrudes, you now have a situation where a person can put in an unregulated, but recognized, claim to be paid a thousand times over in case of impairment. Say market participants have negotiated for a bankrupt company a 70% payback for bondholders and (36% payback for insurance claims), and I come with not one but rather 1,000 CDS claims demanding to be paid for each CDS. , Deconstructing The "Massive Beat" in Employment Data : ilene : 2-3-12 If last week's tax data is indicative of what's ahead this month, the "good news" won't be sustained. , Why U.S. Unemployment Rate Is 12.1% http://www.bullseyemicrocaps.com/?p=46058 February 2, 2012 Carlos X. Alexandre: ‘There are plenty of ways of looking at the unemployment numbers, and U3 is the “official unemployment rate.” The U6 measurement is often mentioned to highlight the precarious condition of the job market in America in a broader sense, and according to the Bureau of Labor Statistics (BLS), the official rate is 8.5% while U6 stands at 15.5%. The definition for U6 is as follows: “Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force.” I must acknowledge that the BLS has made modifications to its methods (pdf) over the years, but I used their numbers as published…’

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

El-Erian: Still losing the unemployment war (Washington Post) [ Yeah, I think his partner’s tweet sums it up quite nicely: ‘.. skeptics included PIMCO’s Bill Gross who tweeted: http://albertpeia.com/grosstweet.jpg ..’ ‘FULL COVERAGE OF JUSTICE DEPT. SCANDALS http://topics.dailycaller.com/politics/justice-department.htm http://albertpeia.com/dojscandals.htm , I Can’t Take It Anymore! When Will The Government Quit Putting Out Fraudulent Employment Statistics? http://theeconomiccollapseblog.com http://albertpeia.com/governmentfraudulentemploymentstats.htm ‘On Friday, the entire financial world celebrated when it was announced that the unemployment rate in the United States had fallen to 8.3 percent. That is the lowest it has been since February 2009, and it came as an unexpected surprise for financial markets that are hungry for some good news. According to the Bureau of Labor Statistics, nonfarm payrolls jumped by 243,000 during the month of January. You can read the full employment report right here. Based on this news, pundits all over the world were declaring that the U.S. economy is back. Stocks continued to rise on Friday and the Dow is hovering near a 4 year high. So does this mean that our economic problems are over? Of course not. A closer look at the numbers reveals just how fraudulent these employment statistics really are. Between December 2011 and January 2012, the number of Americans "not in the labor force" increased by a whopping 1.2 million. That was the largest increase ever in that category for a single month. That is how the federal government is getting the unemployment rate to go down. The government is simply pretending that huge numbers of unemployed Americans don't want to be part of the labor force anymore. As you will see below, the employment situation in America is not improving. Yet everyone in the mainstream media is dancing around as if the economic crisis has been cancelled. I can't take it anymore! It is beyond ridiculous that so many intelligent people continue to buy in to such fraudulent numbers… http://albertpeia.com/Labor-Force-Participation-Rate-440x264.png , http://albertpeia.com/Employment-Population-Ratio-440x264.png … , Long-Term Unemployment Remains High, Millions Leave Labor Force Matt Cover | Number of long-term unemployed was unchanged at 5.5 million in January, near its record .. , Dave’s Daily: http://www.etfdigest.com CONTROVERSIAL JOBS REPORT STOKES BULLS February 03, 2012 ‘The jobs report Friday was a ginned-up number but the media and algos don’t look under the hood much it seems. Yes, the unemployment rate fell to 8.3% and 243K new jobs were created and perhaps the number itself will boost confidence.My favorite book from college statistics was ‘How to Lie with Statistics’. I believe the Bureau of Labor Statistics (BLS) may have ripped a chapter or two from the book. The details were interesting and little reported because the media has soap to sell. First a whopping 1.2 million people vanished from the labor force in 2011. That is a massive seasonal/consensus driven adjustment. The BLS assumes those people aged 55 and higher died from the 2010 consensus. (So much for living longer in the USA!)This means the labor force fell to a 30 year low of 63.7%. Around 113K of the gain in employment came from low wage jobs according to CRT Capital Group. Also part-time jobs rose by 699K, the third highest in history, while only 80K full-time jobs were created. Finally, the ISM Services Report, which rose to 56.8 from 52.6, included an increase in sector employment from 49.8 to 57.3, but perhaps didn’t include large sector bank layoffs. Other skeptics included PIMCO’s Bill Gross who tweeted: http://albertpeia.com/grosstweet.jpg Respected TrimTabs detailed analysis which mocks the BLS and well regarded blogger Jesse’s Café Americain.Lack of in-depth or accurate reporting aside, the stock market loved the report as it was “dummy up” time in the media. Other data included rising Factory Orders but missed expectations (1.1% vs 1.8% previous & 1.5% consensus)…’ , Obama’s economic policies have created a nation of jobless citizens dependent on government handouts Natural News | It’s no secret that the U.S. national debt is poised to increase by more than $6 trillion during President Obama’s first four years in office., Record 1.2 Million People Fall Out Of Labor Force In One Month, Labor Force Participation Rate Tumbles To Fresh 30 Year Low Durden 2-3-12 A month ago, we joked when we said that for Obama to get the unemployment rate to negative by election time, all he has to do is to crush the labor force participation rate to about 55%. Looks like the good folks at the BLS heard us: it appears that the people not in the labor force exploded by an unprecedented record 1.2 million. No, that's not a typo: 1.2 million people dropped out of the labor force in one month! So as the labor force increased from 153.9 million to 154.4 million, the non institutional population increased by 242.3 million meaning, those not in the labor force surged from 86.7 million to 87.9 million. Which means that the civilian labor force tumbled to a fresh 30 year low of 63.7% as the BLS is seriously planning on eliminating nearly half of the available labor pool from the unemployment calculation.. , Implied Unemployment Rate Rises To 11.5%, Spread To Propaganda Number Surges To 30 Year High Durden 2-3-12 Sick of the BLS propaganda? Then do the following calculation with us: the US civilian non-institutional population was 242,269 in January, an increase of 1.7 million month over month: apply the long-term average labor force participation rate of 65.8% to this number (because as chart 2 below shows, people are not retiring as the popular propaganda goes: in fact labor participation in those aged 55 and over has been soaring as more and more old people have to work overtime, forget retiring), and you get 159.4 million: that is what the real labor force should be. The BLS reported one? 154.4 million: a tiny 5 million difference. Then add these people who the BLS is purposefully ignoring yet who most certainly are in dire need of labor and/or a job to the 12.758 million reported unemployed by the BLS and you get 17.776 million in real unemployed workers. What does this mean? That using just the BLS denominator in calculating the unemployed rate of 154.4 million, the real unemployment rate actually rose in January to 11.5%. Compare that with the BLS reported decline from 8.5% to 8.3%. It also means that the spread between the reported and implied unemployment rate just soared to a fresh 30 year high of 3.2%. And that is how with a calculator and just one minute of math, one strips away countless hours of BLS propaganda. , Marc Faber: "Ron Paul Would Be A Very Good President" Durden on 2-3-12 While Marc Faber shares the usual stock of insightful market commentary, together with timing inflection points, and extended thoughts in the attached Bloomberg TV clip, it is the fact that he has officially joined Bill Gross, and so many others, in supporting the candidacy of Ron Paul as president. It is rather sad that only those who see beyond the surface of the current pyramid scheme facade, are bold enough to endorse the only man who is right for the White House. Fast forward to 15 minutes into the video to hear Marc Faber: "Ron Paul would be a very good president.", Europe Celebrates Its Latest Recession With Record High Gas Prices Durden on 2-3-12 , Is China's Yield Curve Signaling A Harder Landing? Durden on 2-3-12 , Guest Post: Counterfeit Value Derivatives: Follow The Bouncing Ball Durden on 2-3-12 According to the Bank of International Settlements, as of June 2011 total over-the-counter derivatives contracts have an outstanding notional value of 707.57 trillion dollars, ( 32.4 trillion dollars in CDS’s alone). Where does this kind of money come from, and what does it refer to? We don’t really know, because over-the-counter derivatives are not transparent or regulated. With regulated economic markets, when an underlying real asset is impaired (i.e. the company in question is bankrupt, the mortgage has defaulted, etc.), market value is assessed, default insurance is paid up to replacement or full value, bond holders and stock holders make claims on remaining value and the account is closed. There is no need for bailouts because order and proportion of compensation has been established and everything is attached to the value of the underlying asset. When the unreal, counterfeit economy intrudes, you now have a situation where a person can put in an unregulated, but recognized, claim to be paid a thousand times over in case of impairment. Say market participants have negotiated for a bankrupt company a 70% payback for bondholders and (36% payback for insurance claims), and I come with not one but rather 1,000 CDS claims demanding to be paid for each CDS. , Deconstructing The "Massive Beat" in Employment Data : ilene : 2-3-12 If last week's tax data is indicative of what's ahead this month, the "good news" won't be sustained.

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

MERs sued over foreclosure papers New York sues Reston firm, big banks for deceiving borrowers through fraudulent documents. (Washington Post) [ The rehypothecation of worthless paper creates (created) this insurmountable, fraudulent debacle for which there is no real value behind these still extant frauds. Kiss The Foreclosure Settlement Goodbye: Bank of America, Wells And JP Morgan Are Sued Over Use Of MERS Durden (Zero Hedge) on 2-3-12 A little over a year since the day that the world first learned about robosigning and the broader problem of fraudclosure, which is merely the functional equivalent of infinite rehypothecation of an underlying asset between a daisy-chain of lien holders, we get the first legal incursion into this farce. From Bloomberg we learn that:

BANK OF AMERICA, WELLS FARGO, JPMORGAN SUED BY NEW YORK OVER MERS

NY AG SUIT CITES FRAUDULENT FORECLOSURE FILINGS

In other words, kiss that foreclosure settlement goodbye. In the meantime, the electronic momos keep taking BAC ever higher even as this news confirms that the bank is about to suffer a multi-billion impairment shortly.

. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , Goldman Turns Bearish: Squid Releases Top Trades For 2012... And It's Not Pretty Durden .. the squid is bearish. Which is bad news , Market Rally Won't Last Long Forbes , The Worldwide Depression/Recession Of 2012 Jeff Harding, STOCKS RISE DESPITE MORE BAD NEWS: Here's What You Need To Know Business Insider Sam Ro ‘As Greece inches toward default and the sufficiency of Europe's EFSF bailout fund is called into question, everyone's worst nightmares of Europe's debt debacle escalating to a systemic crisis could be nearing reality. ‘ , The most accurate forecaster on the Street thinks stocks are going downAdam ParkerBloomberg Morgan Stanley's Adam Parker was crowned the most accurate forecaster when the S&P 500 closed 2011 within a handful of points of his year-end target of 1,238. His 2012 year end target calls for stocks to fall to 1,167. He sees a global economic slowdown hitting corporate profits hard. , An eerie technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57. And there's one thing that'll cause the markets to tip: Europe. “If the history of debt tells us anything it is that one cannot solve a debt crisis by lending more money to the bankrupt and the insolvent,” Zimmerman says. , As it stands, the dollar is toast Laura4Smith Euro Pacific Capital's John Browne thinks the U.S. dollar will soon lose credibility, thanks to manipulation by the Fed. , Persistent delevering will cause the whole world to implode Bloomberg TV Bill Gross kicked 2012 with a particularly gloomy letter. , Home prices will fall another 20% Bloomberg In his latest note, Gary Shilling lays out his 20 investment themes for 2012.Theme #12 calls for home prices to continue plummeting, falling another 20% over the next several years. This is on top of the 33% drop we've already seen. , Greece will hard default and bring everyone else down with it Nomura's permabear Bob Janjuah had some cheery things to say about Greece and it's effect on the markets."The real pain may only be seen in March, when I expect the hard Greece default to happen. In Q1 I expect the S&P will trade down to/below 1000, and core US, UK and German government Bond yields will be closer to 1.5% than 2%." , China is headed for a hardlanding SocGen's Albert Edwards thinks 2013 will be better than 2012. But that's only because he believes 2012 could be the worst year ever. , The US economy is about to tank ECRI's Lakshman Achutan hasn't budged on his recession call, and he has been taking a lot of heat for it. Here's a quote from a recent press release (via Doug Short): "If you think this is a bad economy, you haven’t seen anything yet. And that has profound implications for both Main Street and Wall Street.", Graham Summers’ Weekly Market Forecast (Has the Can Hit the Wall? Edition) http://gainspainscapital.com January 17th, 2012 ‘As usual, bad news was released over the weekend when the least number of people are paying attention… The answer is a Crisis that will make 2008 look like a picnic.This is coming… it’s only a matter of when…’ 17 Facts About The Decline Of The U.S. Auto Industry That Are Almost Too Crazy To Believe http://theeconomiccollapseblog.com http://albertpeia.com/declineusautoindustry.htm ( Warning Signs That We Should Prepare For The Worst http://albertpeia.com/prepareforworst.htm ) Very few things illustrate how dramatically America has been deindustrialized than the stunning decline of the U.S. auto industry. , RealClearMarkets - Gary Shilling: New Global Recession Is Here (It’s actually a depression and no nation will be spared!) http://www.marketwatch.com/story/shilling-says-new-global-recession-is-here-2012-01-20?link=MW_story_popular By Howard Gold NEW YORK (MarketWatch) — ‘For most economists, the main question is whether we will have a new recession. For Gary Shilling, the only question is how big. , 20 Signs That Europe Is Plunging Into A Full-Blown Economic Depression The American Dream | An economic nightmare is descending on Europe. http://albertpeia.com/20signsofeuropedepression.htm , Guest Post: Counterfeit Money, Counterfeit Policy Durden 1/31/12 Counterfeiting is illegal because it is the false creation of value. The counterfeiter takes low-value paper and turns it into high-value money, which is fundamentally a claim on the real productive value of the economy that issues the currency and recognizes it as a proxy means of exchanging that productive value. Counterfeiting is illegal because the counterfeiter creates no additional value--he creates only the proxy for value. Creating real value--adding meaningful goods or services to the economy--is tedious, hard work. How much easier to simply transform near-worthless paper into a claim on actual goods and services. If this is illegal, then would somebody please arrest the Board of the Federal Reserve for counterfeiting? The Fed has blatantly printed money without creating any real value to back up their added claims on productive value. Hence they are counterfeiting, pure and simple. A government based on rule of law would arrest these fraudsters and cons at the earliest possible convenience. , Survey: home prices declined in 19 of 20 cities in November; prices back to 2003 levels Jan 31st, 2012 (AP) , Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ http://albertpeia/americangovernmentdrugtrafficking.htm http://albertpeia/americascorruptiondrugtrade.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”, The Markets Since Their 2000 Highs: We're Not Bouncing Back http://www.bullfax.com/?q=node-markets-their-2000-highs-were-not-bouncing-back ... [ Actually the picture is even worse if the real inflation rate used. Wall street is total fraud and b***s***! Keep in mind, ina addition to loss of principle, the flux / worry takes its toll on health as well as productivity. http://albertpeia.com/3real1.png http://albertpeia.com/3real2.png http://albertpeia.com/3real3.png http://albertpeia.com/3real4.png ] , Market Preview: Insiders (Getting’) Out!!!!!? , The Fed's Dirty Little Secret - QE3 is Already Here ETFguide [ And with all its contraindicated ponzi / inflationary implications. ]

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

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

Modest gains forecast for jobs report Economists predict Friday’s job report will show that the U.S. added about 150,000 jobs last month. (Washington Post) [ Come on! Who takes their manipulated / fudged, if not outright false, data seriously, at this point in what has now gone global in terms of real economic debacle beyond the over-printed fiat currency, multi-ponzi (ie., borrowing on borrowing, paper on paper, rehypothecation of worthless paper / toxic assets, even data in terms inflated data to supplant prior revised downward/worse data, etc.) obfuscations. ( After One Month Respite, Pink Slips Are Flying Again Tyler Durden , Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Tyler Durden on 01/06/2012 .. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg , ) The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm ] Suckers’ rally much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles, this global suckers’ rally is based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare (which is being injected sub rosa, infra), bad news, fraud, b***s***, and desperation alone, as suckers’ rallies ushered in the new year in a most preposterous fashion [Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’ for the superstitious so-called ‘January effect’ based on based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, b***s***, and desperation alone to suck suckers in and keep suckers sucked in! Don’t be their fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s using the up moves to reduce risk assets / stocks / exposure, in other words, he’s selling the rallies which is sound advice. The fundamentals/realities, current and prospective, are worse than ever. There are no systems/formulas for these unprecedentedly dire times. Don’t be their sucker! This is an especially great opportunity to sell / take profits because there’s much, much worse to come! Here’s a simple chart of the Dow’s history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als.] with lingering intoxication an explanation as the printing presses and issuance of worthless insurmountable debt paper are in full throttle globally (a testament to global blindness as the blind follow the blind) making this impending disaster at this time an especially great opportunity to sell / take profits because there’s much, much worse to come! jersey-lautenberg based adp with 100% better than expectations private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce department data? Labor dept. ue claims / ue numbers? Only a fool believes what they say! Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , Goldman Turns Bearish: Squid Releases Top Trades For 2012... And It's Not Pretty Durden .. the squid is bearish. Which is bad news , Market Rally Won't Last Long Forbes , The Worldwide Depression/Recession Of 2012 Jeff Harding, STOCKS RISE DESPITE MORE BAD NEWS: Here's What You Need To Know Business Insider Sam Ro ‘As Greece inches toward default and the sufficiency of Europe's EFSF bailout fund is called into question, everyone's worst nightmares of Europe's debt debacle escalating to a systemic crisis could be nearing reality. ‘ , The most accurate forecaster on the Street thinks stocks are going downAdam ParkerBloomberg Morgan Stanley's Adam Parker was crowned the most accurate forecaster when the S&P 500 closed 2011 within a handful of points of his year-end target of 1,238. His 2012 year end target calls for stocks to fall to 1,167. He sees a global economic slowdown hitting corporate profits hard. , An eerie technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57. And there's one thing that'll cause the markets to tip: Europe. “If the history of debt tells us anything it is that one cannot solve a debt crisis by lending more money to the bankrupt and the insolvent,” Zimmerman says. , As it stands, the dollar is toast Laura4Smith Euro Pacific Capital's John Browne thinks the U.S. dollar will soon lose credibility, thanks to manipulation by the Fed. , Persistent delevering will cause the whole world to implode Bloomberg TV Bill Gross kicked 2012 with a particularly gloomy letter. , Home prices will fall another 20% Bloomberg In his latest note, Gary Shilling lays out his 20 investment themes for 2012.Theme #12 calls for home prices to continue plummeting, falling another 20% over the next several years. This is on top of the 33% drop we've already seen. , Greece will hard default and bring everyone else down with it Nomura's permabear Bob Janjuah had some cheery things to say about Greece and it's effect on the markets."The real pain may only be seen in March, when I expect the hard Greece default to happen. In Q1 I expect the S&P will trade down to/below 1000, and core US, UK and German government Bond yields will be closer to 1.5% than 2%." , China is headed for a hardlanding SocGen's Albert Edwards thinks 2013 will be better than 2012. But that's only because he believes 2012 could be the worst year ever. , The US economy is about to tank ECRI's Lakshman Achutan hasn't budged on his recession call, and he has been taking a lot of heat for it. Here's a quote from a recent press release (via Doug Short): "If you think this is a bad economy, you haven’t seen anything yet. And that has profound implications for both Main Street and Wall Street.", Graham Summers’ Weekly Market Forecast (Has the Can Hit the Wall? Edition) http://gainspainscapital.com January 17th, 2012 ‘As usual, bad news was released over the weekend when the least number of people are paying attention… The answer is a Crisis that will make 2008 look like a picnic.This is coming… it’s only a matter of when…’ 17 Facts About The Decline Of The U.S. Auto Industry That Are Almost Too Crazy To Believe http://theeconomiccollapseblog.com http://albertpeia.com/declineusautoindustry.htm ( Warning Signs That We Should Prepare For The Worst http://albertpeia.com/prepareforworst.htm ) Very few things illustrate how dramatically America has been deindustrialized than the stunning decline of the U.S. auto industry. , RealClearMarkets - Gary Shilling: New Global Recession Is Here (It’s actually a depression and no nation will be spared!) http://www.marketwatch.com/story/shilling-says-new-global-recession-is-here-2012-01-20?link=MW_story_popular By Howard Gold NEW YORK (MarketWatch) — ‘For most economists, the main question is whether we will have a new recession. For Gary Shilling, the only question is how big. , 20 Signs That Europe Is Plunging Into A Full-Blown Economic Depression The American Dream | An economic nightmare is descending on Europe. http://albertpeia.com/20signsofeuropedepression.htm , Guest Post: Counterfeit Money, Counterfeit Policy Durden 1/31/12 Counterfeiting is illegal because it is the false creation of value. The counterfeiter takes low-value paper and turns it into high-value money, which is fundamentally a claim on the real productive value of the economy that issues the currency and recognizes it as a proxy means of exchanging that productive value. Counterfeiting is illegal because the counterfeiter creates no additional value--he creates only the proxy for value. Creating real value--adding meaningful goods or services to the economy--is tedious, hard work. How much easier to simply transform near-worthless paper into a claim on actual goods and services. If this is illegal, then would somebody please arrest the Board of the Federal Reserve for counterfeiting? The Fed has blatantly printed money without creating any real value to back up their added claims on productive value. Hence they are counterfeiting, pure and simple. A government based on rule of law would arrest these fraudsters and cons at the earliest possible convenience. , Survey: home prices declined in 19 of 20 cities in November; prices back to 2003 levels Jan 31st, 2012 (AP) , Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ http://albertpeia/americangovernmentdrugtrafficking.htm http://albertpeia/americascorruptiondrugtrade.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”, The Markets Since Their 2000 Highs: We're Not Bouncing Back http://www.bullfax.com/?q=node-markets-their-2000-highs-were-not-bouncing-back ... [ Actually the picture is even worse if the real inflation rate used. Wall street is total fraud and b***s***! Keep in mind, ina addition to loss of principle, the flux / worry takes its toll on health as well as productivity. http://albertpeia.com/3real1.png http://albertpeia.com/3real2.png http://albertpeia.com/3real3.png http://albertpeia.com/3real4.png ] , Market Preview: Insiders (Getting’) Out!!!!!? , The Fed's Dirty Little Secret - QE3 is Already Here ETFguide [ And with all its contraindicated ponzi / inflationary implications. ] , 45% Of Greeks Have Never Used The Internet Durden on 02/02/2012 { These stats are rather shocking to me and surely pathetic. Note Iceland, which has come back after being ravaged by the banksters. http://albertpeia.com/greeksinternet.jpg } , Europe's "Great Deleveraging" Has Only Just Begun Durden on 02/02/2012 While Europe's financial services sector equity prices have retraced almost half of their May11 to Oct11 losses as we are told incessantly not to underestimate the impact of the LTRO, Morgan Stanley points out the other side of the balance sheet will continue to sag. While short-term liquidity (at least EUR-based liquidity as USD FX Swap lines are back at record highs this week) , Guest Post: Fraudulent Debt = Counterfeit Money Durden on 02/02/2012 Let's compare three financial criminals. The first is an old-fashioned counterfeiter who doctors up paper and runs a printing press to produce fake currency. The second criminal borrows money based on a fraudulent asset and phantom future income. , Goldman, Blackstone, Glencore and Facebook. What do they have in common? They all sold the Top. : thetrader : 02/02/2012 Smart money selling again. , Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ http://albertpeia/americangovernmentdrugtrafficking.htm http://albertpeia/americascorruptiondrugtrade.htm ] , House prices hit post-bubble low Washington Post | What Obama didn’t mention in his SOTU address – the housing bust has reached a new all-time low , Obama’s Economic Approval Just 36 Percent Campaign2012 | Only 36 percent of likely voters grade the administration’s handling of the economy at good or excellent. , Bribery, compromised officials leave indicted financial-crime suspects free from prosecution under Holder’s DOJ Daily Caller By Matthew Boyle http://dailycaller.com/2012/02/01/bribery-compromised-officials-leave-indicted-financial-crime-suspects-free-from-prosecution-under-holders-doj/#ixzz1lI97L3C5 | ‘A U.S. Justice Department source has told The Daily Caller that at least two DOJ prosecutors accepted cash bribes from allegedly corrupt finance executives. A U.S. Justice Department source has told The Daily Caller that at least two DOJ prosecutors accepted cash bribes from allegedly corrupt finance executives who were indicted under court seal within the past 13 months, but never arrested or prosecuted. , ‘FULL COVERAGE OF JUSTICE DEPT. SCANDALS http://topics.dailycaller.com/politics/justice-department.htm http://albertpeia.com/dojscandals.htm , Why U.S. Unemployment Rate Is 12.1% http://www.bullseyemicrocaps.com/?p=46058 February 2, 2012 Carlos X. Alexandre: ‘There are plenty of ways of looking at the unemployment numbers, and U3 is the “official unemployment rate.” The U6 measurement is often mentioned to highlight the precarious condition of the job market in America in a broader sense, and according to the Bureau of Labor Statistics (BLS), the official rate is 8.5% while U6 stands at 15.5%. The definition for U6 is as follows: “Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force.” I must acknowledge that the BLS has made modifications to its methods (pdf) over the years, but I used their numbers as published…’ , Why the Notions of Systemic Failure or “Going to Zero” Are On Par with Bigfoot and Unicorns for Most Investors http://gainspainscapital.com February 2nd, 2012 ‘I wanted to take a moment to address the notion of serious collapse and/or systemic failure...Most professional traders are usually under the age of 40 (in fact they’re typically in their mid to late 20s). 1) Didn’t experience the 1987 Crash 2) Have never seen a Crisis that the Fed/ IMF/ etc. couldn’t handle..Most institutional traders today operate, for the most part, based on trading models. These models, in general, are quantitative and based on correlations and patterns, not qualitative judgments..asset managers and other institutional investors, the vast majority of whom are under the age of 50 or so.Based on this age demographic, we find that there is an entire generation of investment professionals (aged 35-50+) who: 1) Have never witnessed nor invested during a bear market in bonds 2) Have never witnessed, nor invested during a credit market collapse 3) Have never witnessed a secular shift in the global economyConsequently, the vast majority of professional investors are unable to contemplate truly dark times for the markets..Here are just a few worth considering: 1) US commercial banks currently sit atop $248 TRILLION in derivatives 2) The US Federal Reserve is now buying 91% of all long-term new US debt issuance (at the same time China and Russia are dumping US bonds) 3) Japan already spends roughly half of its annual -tax revenues on debt payments and has relied on debt issuance more than tax revenues to fund its budget for four years now (how much longer can this last?) 4) Europe’s entire banking system is leveraged at 26 to 1 (Lehman Brothers was leveraged at 30 to 1 when it failed) Folks, bad times are coming. It doesn’t matter what the trading programs or “professionals” thinking about it… the math simply doesn’t add up …’ , .Dave’s Daily: http://www.etfdigest.com FACEBOOK IPO THE WORST KEPT SECRET ON WALL STREET February 01, 2012 [ As per Dave, infra, note the continued prior data revised downward in this continuing ‘data ponzi scheme’ along with a multitude of other ponzi schemes; and, let me add, I don’t believe their data in any event, here and in europe, particularly that contrived / manipulated for this election year. ] ‘Yes, the copy that follows has little to do with Facebook. After all what do we really know about it? The much watched ISM Manufacturing Data (54.1 vs 54.5 consensus and previous 53.1 revised lower) stimulated bulls Wednesday. Cynics believe auto manufacturers are just stuffing inventory to dealers. We’ll see if these cars get sold or not. One thing is clear; it’s easier to buy a car for consumers given industry self-financing than it is to buy a home period. If you have a pulse, you can buy a car. (See U.S. Sector, Stocks & Bond ETFs for GM and linked ETF XLI) Plus owning a new can be more satisfying than most things at least until the new car smell wears off and payments accumulate. Bulls did rally stocks from the opening bell on global manufacturing data including the U.S. ISM report. News that China’s PMI was slightly higher than expected (50.5 versus 50.4 previous) as was Europe’s (48.8 versus 46.9) was part of the stimulant. It may mean no manufacturing slowdown in those regions. Further the eurozone news that Greek debt negotiations with its bond holders would be resolved soon was also bullish. But, later it was announced a settlement may not occur until next week. Where have we heard this stuff before? (See Overseas Sectors & ETFs below for FXI, EZU and EFA).U.S. ADP Employment Data was rather confusing showing a jobs gain of 170K versus the previously revised data (325K to 292K). So jobs gained were weaker but bulls didn’t seem to mind. Construction Spending increased 1.5% but here too, previous data was revised sharply lower to .4% from 1.2% making Wednesday’s data seem better than it really was…’ , AMR wants to cut 13,000 jobs, pensions , JOSH KOPELMAN: “I THINK 2012 WILL LOOK MORE LIKE 2008 THAN 2011″ Erick Schonfeld http://techcrunch.com/2011/11/26/josh-kopelman-i-think-2012-will-look-more-like-2008-than-2011 , Greece Warns It Will Soon Be In "Condition Of Absolute Poverty" Durden 2-1-12 , Market Round-Trips To Yesterday's Open Durden 2-1-12 , "I'm Bill Gross And I Endorse Ron Paul For President" Durden 2-1-12 , "Hours" Downgraded To "Days" - Greek Deal No Longer "Any Hour Now" Durden 2-1-12 , As A Reminder, The President's Mortgage Plan Is "Dead On Arrival" Durden 2-1-12 , GM Channel Stuffing Resumes, January Dealer Inventory Second Highest Ever Durden 2-1-12 Just as we thought GM's channel stuffing days may be coming to an end, and the company may finally be normalizing its inventory management, here come January numbers, where we learn that in addition to car sales declining by 6% compared to a year ago, at 167,962 vehicles sold (of note: "Retail deliveries declined 15 percent compared with the same month a year ago and accounted for 70 percent of GM sales"), it was the all critical month end dealer inventory that caught our attention. And unfortunately as the skeptics expected, GM is back to its old tricks, as dealer inventories rose once again, this time by over 36k units, or the second highest in its post-reorg history, to a near record 619,455 vehicles stored with dealers. This is just the second highest ever in fresh start GM history, second only to November's 623,666. The January-end number represents 89 days supply, but more importantly the recent spike in restocking, which was seen with all other major car dealers, explains the ongoing "expansion" in the US economy as measured by indices such as the ISM. Eventually, when the end demand for these dealer parked vehicles does not materialize..’ , Guest Post: Our Counterfeit Economy Durden 2-1-12 Borrowing money based on imaginary future surpluses is a higher form of counterfeiting. And that is precisely what the U.S. is doing, borrowing immense sums at every level, private, corporate and State/Federal, all leveraged against phantom future surpluses, even as the economy requires some 10% of its supposed output (GDP) to be borrowed and spent on consumption each and every year just to run in place, i.e. the Red Queen's Race (Bernanke, Goldilocks and The Red Queen January 10, 2011). In other words, the U.S. economy is running a massive deficit, and squandering the vast sums being borrowed on consumption and mal-investments. Once you rely on more borrowing against imaginary future surpluses to fund your current expenses, then eventually the costs of servicing that debt exceeds any possible future surplus. The last-ditch "fix" is to simply print units of money (or borrow it into existence like the Federal Reserve)--counterfeiting, pure and simple-- and deceive the market for a time via the illusion that the freshly printed units of money are actually backed by productive value or surplus. As history has shown, eventually the market discovers the actual value of this counterfeit money, i.e. near-zero, and the system implodes. Once there is no more "free money" to fund consumption and mal-investment, then the reality of systemic insolvency is revealed to all. You cannot counterfeit actual surplus value generated by productive assets, you can only counterfeit proxy claims on future surplus. , Some Good News For Those of Us Who Are Sick of the Corruption February 1st, 2012 http://gainspainscapital.com http://albertpeia/americascorruptiondrugtrade.htm http://albertpeia.com/fbimartinezcongallard.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

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

Israeli leaders: Iran must be stopped soon One of the bluntest warnings to date of possible airstrikes against Iranian nuclear sites adds to the anxiety in Western capitals that a surprise attack could spark a broader military conflict in the Middle East. 900+ comments: ‘They better be prepared to fight the war on their own’ (Washington Post) [ Much like the illegal, misguided war in Iraq based upon lies amidst the clamoring bloodthirst of zionist neocons and israel alike, the Iraq debacle pleased the aforesaid immensely while costing this nation immeasurably in terms of blood (beyond the dead, over a $trillion yet to come in long-term health costs for injured troops), treasure, and geopolitical standing/credibility. Somewhat fresh off a humiliating shellackin’ at the hands of Hezbollah, the mid-east provocoteur israel then constrained to be bully to the captive, down-trodden Palestinians / Gazans has a panoply of reasons for their fears of blowback for their misdeeds, illegal nukes being among them. Yet, their fears / paranoia in no way coincide with the interests of the rest of the world, not that they care one bit, greedy / self-interested as they invariably are. Those murdered scientists? Yeah, karma’s a b**ch when you know you’ve something to look forward to when you know you’ve done something so sinister so as not to want to ‘pay the piper’ therefore! Quite simply, israel’s problems are of their own making, troublesome for the world only to the extent they try to make their problem seem to be and then the world’s problem, and likely will create more problems by their own transgressions than any of those possibly imagined by the paranoid war criminal israelis. US Joint Chiefs Gen. Dempsey draws a line between Israel and US, over Iran LaRouche PAC | Top ranking US General states that US policies on Iran are not in line with US interests , 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!… , Panetta: Israel must negotiate with Palestine (Washington Post) [ Seems we’ve heard that song before. How can anyone, including the israelis, take him seriously when the whole world knows that if he really meant it, the same would be done in a ‘new york minute’. After all, client state israel, ultimately the source of substantially all america’s gargantuan geopolitical (and increasingly economic) problems, really has no real choice but to obey. The great but underrated President General Eisenhower who admonished about the military industrial complex would never sacrifice as now american interests for the sake of israel. Israel wary of transition in Egypt, concerned about regional stability Republican Jewish Coalition Bars Ron Paul From Debate: ‘He’s misguided and extreme’ Reason | Ron Paul’s comments about Israeli dependence on the US have fallen foul of the AIPAC crowd U.N. showdown could test U.S. role in Mideast One week before a United Nations vote over Palestinian statehood, the Obama administration is confronting the stark new limits of its influence. (Washington Post) [ What role? As israel’s mouthpiece? War, war, and more war? Death, destruction, and self-defeat including defacto bankruptcy for the u.s.? Fomenting anti-american sentiment? What role? The role the israeli lobby says is appropriate for america? How foolish america has been! Anxieties mount over Palestinian statehood bid (WP) [ And anxieties mount over no statehood bid! What gives here! Only ‘yesterday’ (not long ago), hillary clinton was talking about the need for and appropriateness of same. Has the israeli lobby, so costly and detrimental to american interests here and abroad, given her and hers a ‘talking to’? . U.S. vetoes Security Council resolution denouncing Israeli settlements (WP) [ 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 so don’t just talk about it,DO SOMETHING!]..pervasively corrupt, defacto america’s self-defeating,self-destructive wayU.S. vetoes Security Council resolution denouncing Israeli settlements Sounds like a plan!..for self-destruction! ] Israel's fear (WP)[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/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 u.s., not israel’s interests, first.Who cares what israel fears! 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. Obsessive / 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) psychogenic 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. No time for complacency on Iran Its nuclear program has accelerated and could produce a bomb before the world realizes. (Washington Post) [ Hopefully, quite right … Iran should be encouraged to hurry a nuke program to thwart the consistent israeli real nuke threat to Iran and in the region, generally. After all, israel has illegal nukes, violates international law / u.n. resolutions with impunity, commits war crimes; and, although there are dubious claims that Iran has / is close to having them, such israeli lies, as always, lack credibility (much like the wmd’s in Iraq). No smoking gun: IAEA Iranian nuclear report falls flat on its face Patrick Henningsen | The IAEA report has come up short, but the Axis powers are still desperate to hit Iran (is america once again ready to self-defeatingly sacrifice itself for ‘greater zion’. Among the many attributes of the great but underrated President General Eisenhower, a man of honor, was that he never, never took any crap from america-dependent-dependant / albatross israel. ) Drudgereport: RUSSIA [ The Rational Pan-European Nation ] WARNS AGAINST STRIKE ON IRAN... , TRUTHFUL TRASH TALK (ABOUT ISRAELI TRASH) BEHIND ISRAELI LEADER'S BACKReport: Sarkozy calls Netanyahu 'liar' Microphones accidently left on after G20 meeting pick up private conversation between US, French presidents. Sarkozy admits he 'can't stand' Israeli premier. Obama: You're fed up with him? I have to deal with him every day!

Trump to moderate GOP debate This won’t end well. (Washington Post) [ Goes without saying… of all people to choose … Why not Jerry Springer?… ‘Non-celebrity Apprentice’, the new reality show, as in who scratches whose back for favors down the road, as in quid pro quo, as in trump’s continued ‘graduation’ from commonly mob connected, to new york/new jersey politically sordid sinkholes, to now failed washingtonian … ‘establishment’? Hasn’t trump’s rise coincided with the nation’s decline / demise? I’ve seen the corruption first hand! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm

CRIME STATS(u.s.No.1)

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

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

E.U. official: Greece needs extra $20B The debt-ridden nation is locked in tough talks on two fronts to ensure that it remains solvent. (Washington Post) [ What they really need is to step up and into the 21st century…I was absolutely astounded by the following statistics in this chart: http://albertpeia.com/greeksinternet.jpg 45% Of Greeks Have Never Used The Internet Durden on 02/02/2012 { These stats are rather shocking to me and surely pathetic. Note Iceland, which has come back after being ravaged by the banksters. } The Fed's Dirty Little Secret - QE3 is Already Here ETFguide [ And with all its contraindicated ponzi / inflationary implications. ], Europe's "Great Deleveraging" Has Only Just Begun Durden on 02/02/2012 While Europe's financial services sector equity prices have retraced almost half of their May11 to Oct11 losses as we are told incessantly not to underestimate the impact of the LTRO, Morgan Stanley points out the other side of the balance sheet will continue to sag. While short-term liquidity (at least EUR-based liquidity as USD FX Swap lines are back at record highs this week)

! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , Goldman Turns Bearish: Squid Releases Top Trades For 2012... And It's Not Pretty Durden .. the squid is bearish. Which is bad news , Market Rally Won't Last Long Forbes , The Worldwide Depression/Recession Of 2012 Jeff Harding, STOCKS RISE DESPITE MORE BAD NEWS: Here's What You Need To Know Business Insider Sam Ro ‘As Greece inches toward default and the sufficiency of Europe's EFSF bailout fund is called into question, everyone's worst nightmares of Europe's debt debacle escalating to a systemic crisis could be nearing reality. ‘ , The most accurate forecaster on the Street thinks stocks are going downAdam ParkerBloomberg Morgan Stanley's Adam Parker was crowned the most accurate forecaster when the S&P 500 closed 2011 within a handful of points of his year-end target of 1,238. His 2012 year end target calls for stocks to fall to 1,167. He sees a global economic slowdown hitting corporate profits hard. , An eerie technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57. And there's one thing that'll cause the markets to tip: Europe. “If the history of debt tells us anything it is that one cannot solve a debt crisis by lending more money to the bankrupt and the insolvent,” Zimmerman says. , As it stands, the dollar is toast Laura4Smith Euro Pacific Capital's John Browne thinks the U.S. dollar will soon lose credibility, thanks to manipulation by the Fed. , Persistent delevering will cause the whole world to implode Bloomberg TV Bill Gross kicked 2012 with a particularly gloomy letter. , Home prices will fall another 20% Bloomberg In his latest note, Gary Shilling lays out his 20 investment themes for 2012.Theme #12 calls for home prices to continue plummeting, falling another 20% over the next several years. This is on top of the 33% drop we've already seen. , Greece will hard default and bring everyone else down with it Nomura's permabear Bob Janjuah had some cheery things to say about Greece and it's effect on the markets."The real pain may only be seen in March, when I expect the hard Greece default to happen. In Q1 I expect the S&P will trade down to/below 1000, and core US, UK and German government Bond yields will be closer to 1.5% than 2%." , China is headed for a hardlanding SocGen's Albert Edwards thinks 2013 will be better than 2012. But that's only because he believes 2012 could be the worst year ever. , The US economy is about to tank ECRI's Lakshman Achutan hasn't budged on his recession call, and he has been taking a lot of heat for it. Here's a quote from a recent press release (via Doug Short): "If you think this is a bad economy, you haven’t seen anything yet. And that has profound implications for both Main Street and Wall Street.", Graham Summers’ Weekly Market Forecast (Has the Can Hit the Wall? Edition) http://gainspainscapital.com January 17th, 2012 ‘As usual, bad news was released over the weekend when the least number of people are paying attention… The answer is a Crisis that will make 2008 look like a picnic.This is coming… it’s only a matter of when…’ 17 Facts About The Decline Of The U.S. Auto Industry That Are Almost Too Crazy To Believe http://theeconomiccollapseblog.com http://albertpeia.com/declineusautoindustry.htm ( Warning Signs That We Should Prepare For The Worst http://albertpeia.com/prepareforworst.htm ) Very few things illustrate how dramatically America has been deindustrialized than the stunning decline of the U.S. auto industry. , RealClearMarkets - Gary Shilling: New Global Recession Is Here (It’s actually a depression and no nation will be spared!) http://www.marketwatch.com/story/shilling-says-new-global-recession-is-here-2012-01-20?link=MW_story_popular By Howard Gold NEW YORK (MarketWatch) — ‘For most economists, the main question is whether we will have a new recession. For Gary Shilling, the only question is how big. , 20 Signs That Europe Is Plunging Into A Full-Blown Economic Depression The American Dream | An economic nightmare is descending on Europe. http://albertpeia.com/20signsofeuropedepression.htm , Guest Post: Counterfeit Money, Counterfeit Policy Durden 1/31/12 Counterfeiting is illegal because it is the false creation of value. The counterfeiter takes low-value paper and turns it into high-value money, which is fundamentally a claim on the real productive value of the economy that issues the currency and recognizes it as a proxy means of exchanging that productive value. Counterfeiting is illegal because the counterfeiter creates no additional value--he creates only the proxy for value. Creating real value--adding meaningful goods or services to the economy--is tedious, hard work. How much easier to simply transform near-worthless paper into a claim on actual goods and services. If this is illegal, then would somebody please arrest the Board of the Federal Reserve for counterfeiting? The Fed has blatantly printed money without creating any real value to back up their added claims on productive value. Hence they are counterfeiting, pure and simple. A government based on rule of law would arrest these fraudsters and cons at the earliest possible convenience. , Survey: home prices declined in 19 of 20 cities in November; prices back to 2003 levels Jan 31st, 2012 (AP) , Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ http://albertpeia/americangovernmentdrugtrafficking.htm http://albertpeia/americascorruptiondrugtrade.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”, The Markets Since Their 2000 Highs: We're Not Bouncing Back http://www.bullfax.com/?q=node-markets-their-2000-highs-were-not-bouncing-back ... [ Actually the picture is even worse if the real inflation rate used. Wall street is total fraud and b***s***! Keep in mind, ina addition to loss of principle, the flux / worry takes its toll on health as well as productivity. http://albertpeia.com/3real1.png http://albertpeia.com/3real2.png http://albertpeia.com/3real3.png http://albertpeia.com/3real4.png ] , Market Preview: Insiders (Getting’) Out!!!!!? , Guest Post: Fraudulent Debt = Counterfeit Money Durden on 02/02/2012 Let's compare three financial criminals. The first is an old-fashioned counterfeiter who doctors up paper and runs a printing press to produce fake currency. The second criminal borrows money based on a fraudulent asset and phantom future income. , Goldman, Blackstone, Glencore and Facebook. What do they have in common? They all sold the Top. : thetrader : 02/02/2012 Smart money selling again. , Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ http://albertpeia/americangovernmentdrugtrafficking.htm http://albertpeia/americascorruptiondrugtrade.htm ] , House prices hit post-bubble low Washington Post | What Obama didn’t mention in his SOTU address – the housing bust has reached a new all-time low , Obama’s Economic Approval Just 36 Percent Campaign2012 | Only 36 percent of likely voters grade the administration’s handling of the economy at good or excellent. , Bribery, compromised officials leave indicted financial-crime suspects free from prosecution under Holder’s DOJ Daily Caller By Matthew Boyle http://dailycaller.com/2012/02/01/bribery-compromised-officials-leave-indicted-financial-crime-suspects-free-from-prosecution-under-holders-doj/#ixzz1lI97L3C5 | ‘A U.S. Justice Department source has told The Daily Caller that at least two DOJ prosecutors accepted cash bribes from allegedly corrupt finance executives. A U.S. Justice Department source has told The Daily Caller that at least two DOJ prosecutors accepted cash bribes from allegedly corrupt finance executives who were indicted under court seal within the past 13 months, but never arrested or prosecuted. , ‘FULL COVERAGE OF JUSTICE DEPT. SCANDALS http://topics.dailycaller.com/politics/justice-department.htm http://albertpeia.com/dojscandals.htm , Why U.S. Unemployment Rate Is 12.1% http://www.bullseyemicrocaps.com/?p=46058 February 2, 2012 Carlos X. Alexandre: ‘There are plenty of ways of looking at the unemployment numbers, and U3 is the “official unemployment rate.” The U6 measurement is often mentioned to highlight the precarious condition of the job market in America in a broader sense, and according to the Bureau of Labor Statistics (BLS), the official rate is 8.5% while U6 stands at 15.5%. The definition for U6 is as follows: “Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force.” I must acknowledge that the BLS has made modifications to its methods (pdf) over the years, but I used their numbers as published…’ , Why the Notions of Systemic Failure or “Going to Zero” Are On Par with Bigfoot and Unicorns for Most Investors http://gainspainscapital.com February 2nd, 2012 ‘I wanted to take a moment to address the notion of serious collapse and/or systemic failure...Most professional traders are usually under the age of 40 (in fact they’re typically in their mid to late 20s). 1) Didn’t experience the 1987 Crash 2) Have never seen a Crisis that the Fed/ IMF/ etc. couldn’t handle..Most institutional traders today operate, for the most part, based on trading models. These models, in general, are quantitative and based on correlations and patterns, not qualitative judgments..asset managers and other institutional investors, the vast majority of whom are under the age of 50 or so.Based on this age demographic, we find that there is an entire generation of investment professionals (aged 35-50+) who: 1) Have never witnessed nor invested during a bear market in bonds 2) Have never witnessed, nor invested during a credit market collapse 3) Have never witnessed a secular shift in the global economyConsequently, the vast majority of professional investors are unable to contemplate truly dark times for the markets..Here are just a few worth considering: 1) US commercial banks currently sit atop $248 TRILLION in derivatives 2) The US Federal Reserve is now buying 91% of all long-term new US debt issuance (at the same time China and Russia are dumping US bonds) 3) Japan already spends roughly half of its annual -tax revenues on debt payments and has relied on debt issuance more than tax revenues to fund its budget for four years now (how much longer can this last?) 4) Europe’s entire banking system is leveraged at 26 to 1 (Lehman Brothers was leveraged at 30 to 1 when it failed) Folks, bad times are coming. It doesn’t matter what the trading programs or “professionals” thinking about it… the math simply doesn’t add up …’

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

Bernanke cautions on debt cutsThe Fed chief warns lawmakers that they need to focus on economic growth while trying to shave the debt (Washington Post) [ Yes, sir! You don’t want to put him out of the job of being the only fool buying ultimately worthless american paper, infra, ‘2) The US Federal Reserve is now buying 91% of all long-term new US debt issuance (at the same time China and Russia are dumping US bonds)’ Why the Notions of Systemic Failure or “Going to Zero” Are On Par with Bigfoot and Unicorns for Most Investors http://gainspainscapital.com February 2nd, 2012 ‘I wanted to take a moment to address the notion of serious collapse and/or systemic failure.

First off, most people in general tend to be optimists or to generally believe that things will work out fine. So the idea of catastrophe is not something they spend much time thinking about.

Because of this and other factors I’m about to explore, for most investors the notion of systemic failure is virtually impossible to grasp. Most professional traders are usually under the age of 40 (in fact they’re typically in their mid to late 20s). As a result of this, they:

1) Didn’t experience the 1987 Crash

2) Have never seen a Crisis that the Fed/ IMF/ etc. couldn’t handle

Let’s add a secondary element to this. Most institutional traders today operate, for the most part, based on trading models. These models, in general, are quantitative and based on correlations and patterns, not qualitative judgments.

This goes a long ways towards explaining why the market has developed such simplistic trading patterns. Consider the “Monday market rally” phenomenon we saw throughout 2009-2010. Or how about the Aussie Dollar/Japanese yen correlation to the S&P 500 we saw throughout much of 2010-2011. As one asset manager put it to me recently, the market has essentially become “one big trade” with virtually all asset classes moving tick for tick relative to each other.

Let us consider the mentality these age demographics and professional working tools engender. In general, both of these factors make for short-term thinking and a lack of qualitative analysis. They also mean that items or developments that exist outside the universe of trading models (most of which are entirely based on post-WWII data), are outside the scope of these traders’ thinking.

This issue doesn’t merely pertain to traders either. Going back 80+ years, there’s never been a time in which the markets didn’t have a backstop in the form of the Fed/ IMF/ or some other entity. No matter the Crisis that erupted, there was always money printing and other monetary policies to calm the storm.

Now, let’s expand out analysis outside of professional traders to include asset managers and other institutional investors, the vast majority of whom are under the age of 50 or so.

Based on this age demographic, we find that there is an entire generation of investment professionals (aged 35-50+) who:

1) Have never witnessed nor invested during a bear market in bonds

2) Have never witnessed, nor invested during a credit market collapse

3) Have never witnessed a secular shift in the global economy

Consequently, the vast majority of professional investors are unable to contemplate truly dark times for the markets. After all, the two worst items most of them have witnessed (the Tech Bust and 2008) were both remedied within about 18 months and were followed by massive market rallies.

Because of this, the idea that the financial system might fail or that we might see any number of major catastrophes (Germany leaving the EU, a US debt default, hyperinflation, etc.) is on par with Bigfoot or Unicorns for 99% of those whose job it is to manage investors’ money or advise investors on how to allocate their capital.

If this doesn’t worry you, you need to start looking at the actual numbers in the financial system today. Here are just a few worth considering:

1) US commercial banks currently sit atop $248 TRILLION in derivatives

2) The US Federal Reserve is now buying 91% of all long-term new US debt issuance (at the same time China and Russia are dumping US bonds)

3) Japan already spends roughly half of its annual -tax revenues on debt payments and has relied on debt issuance more than tax revenues to fund its budget for four years now (how much longer can this last?)

4) Europe’s entire banking system is leveraged at 26 to 1 (Lehman Brothers was leveraged at 30 to 1 when it failed)

Folks, bad times are coming. It doesn’t matter what the trading programs or “professionals” thinking about it… the math simply doesn’t add up to us having a calm, profitable time in the markets over the next few years…’

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

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

Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ http://albertpeia/americangovernmentdrugtrafficking.htm http://albertpeia/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”

Today in Afghanistan, American troops have been seen guarding poppy fields used to make heroin. Those fields were all but wiped out by 2001 when the Taliban destroyed them and forbade that agricultural pursuit. Now they’re flourishing again after the American occupation.

This doesn’t make sense despite all the mainstream reports that American troops are protecting the poppy farmers from the bad guys. Internet sites such as Prison Planet, Info Wars, The Political Coffeehouse and others report otherwise. They connect the CIA and US military to restarting the poppy fields in Afghanistan in 2002, increasing poppy growth by over 650 percent. Who’s telling it like it is?

One way the CIA keeps their drug trafficking hidden from public view

The CIA’s secret operations to influence journalism started in the 1950s by infiltrating the media and bribing journalists to be operatives and assets for the CIA. By 1976, then CIA director William Colby reportedly bragged that the CIA owned the press. Supposedly, this too secret to name operation was coined “Operation Mockingbird” by Deborah Davis in her book Katherine the Great.

Journalists all over the USA jumped on the series, claiming Webb’s journalism was shoddy. The newspaper had to recant and fire him, and Gary Webb was black listed from mainstream journalism completely.

Webb retaliated by having his book Dark Alliance published and making the NY Times best seller list, forcing some of his critics to privately eat crow after the fact.

Despite the CIA’s control of the press, a few Mexico and Central America cocaine busts of plane cargoes and discoveries of large cocaine stashes on crashed planes with CIA hired pilots flying them for front companies did hit the mainstream news, albeit briefly.

Remember the movie “Air America?” It was based on an actual CIA owned front company transporting tons of heroin from Southeast Asia’s “Golden Triangle” poppy fields during and after the Vietnam conflicts. Now Afghanistan and the “Golden Crescent” are the featured opium/heroin conduit sources.

Government and big business using drug traffic profits is nothing new

But opium trade history goes back further, to colonial times and early America. That’s when American shipping magnates used their fast Clipper Ships to compete with England’s monarch sanctioned dope running East India Company for transporting opium to China.

A few key players created family fortunes from the China opium trade that exist today within some northeast America’s “old money” families.

Now it is illegal as well. Ironically, this allows the biggest illicit drug providers to financially benefit the CIA and international banking.’

Sources for this article include:

http://whatreallyhappened.com/RANCHO/POLITICS/MOCK/mockingbird.php

http://thepoliticalcoffeehouse.com/2011/12/01/us-military-opium-afghanistan/

Much Of Afghan Drug Money Going To ‘Our Friends’

Steady Stream of Drug Money Departs Afghanistan, U.S. Officials Flummoxed

Afghan CIA Drug Kingpin Shot Dead by Own Bodyguard

Occupiers involved in drug trade: Afghan minister

B.C. RCMP seize 60,000 poppy plants in record haul

NATO rejects Russian call for Afghan poppy spraying

War on drugs is a hoax: US admits to guarding, assisting lucrative Afghan opium trade

UN: Afghan opium production up by 61% under NATO’s watch

DOJ: Drug Cartel’s Influence Extends Well Beyond Border Well Into the U.S.

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

American Airlines plans to cut 13K jobs Company wants to cut 15 percent of the workforce as it remakes itself under bankruptcy protection. (Washington Post) [ Despite the election year fudging, subsidizing, and manipulating, there’s going to be more of this prospectively, even at the dismal levels of (un)employment currently today, exacerbating the deteriorating economic picture beyond the rhetoric / spin / outright lies. AMR wants to cut 13,000 jobs, pensions , JOSH KOPELMAN: “I THINK 2012 WILL LOOK MORE LIKE 2008 THAN 2011″ Erick Schonfeld http://techcrunch.com/2011/11/26/josh-kopelman-i-think-2012-will-look-more-like-2008-than-2011 , Greece Warns It Will Soon Be In "Condition Of Absolute Poverty" Durden 2-1-12 ( After One Month Respite, Pink Slips Are Flying Again Tyler Durden , Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%. , NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 Tyler Durden on 01/06/2012 .. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it. http://www.albertpeia.com/laborparticipationrate.jpg ) , The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed! Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal , [ STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm ] Suckers’ rally much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles, this global suckers’ rally is based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare (which is being injected sub rosa, infra), bad news, fraud, b***s***, and desperation alone, as suckers’ rallies ushered in the new year in a most preposterous fashion [Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html http://albertpeia.com/forgetthejanuaryeffect.htm , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’ for the superstitious so-called ‘January effect’ based on based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, b***s***, and desperation alone to suck suckers in and keep suckers sucked in! Don’t be their fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s using the up moves to reduce risk assets / stocks / exposure, in other words, he’s selling the rallies which is sound advice. The fundamentals/realities, current and prospective, are worse than ever. There are no systems/formulas for these unprecedentedly dire times. Don’t be their sucker! This is an especially great opportunity to sell / take profits because there’s much, much worse to come! Here’s a simple chart of the Dow’s history http://albertpeia.com/dowjonesindavghistory.htm . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als.] with lingering intoxication an explanation as the printing presses and issuance of worthless insurmountable debt paper are in full throttle globally (a testament to global blindness as the blind follow the blind) making this impending disaster at this time an especially great opportunity to sell / take profits because there’s much, much worse to come! jersey-lautenberg based adp with 100% better than expectations private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce department data? Labor dept. ue claims / ue numbers? Only a fool believes what they say! The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm , David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending Durden, This is No Cyclical Recession… It is a Secular DE-pression Phoenix Capital , MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k , ’ Famed economist predicts economic calamity in 2012. See the evidence. http://w3.newsmax.com/a/aftershockb/video.cfm 50% unemployment & 90% Dow crash also predicted. Newsmax , Economic / Financial Collapse Imminent – Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , Goldman Turns Bearish: Squid Releases Top Trades For 2012... And It's Not Pretty Durden .. the squid is bearish. Which is bad news , Market Rally Won't Last Long Forbes , The Worldwide Depression/Recession Of 2012 Jeff Harding, STOCKS RISE DESPITE MORE BAD NEWS: Here's What You Need To Know Business Insider Sam Ro ‘As Greece inches toward default and the sufficiency of Europe's EFSF bailout fund is called into question, everyone's worst nightmares of Europe's debt debacle escalating to a systemic crisis could be nearing reality. ‘ , The most accurate forecaster on the Street thinks stocks are going downAdam ParkerBloomberg Morgan Stanley's Adam Parker was crowned the most accurate forecaster when the S&P 500 closed 2011 within a handful of points of his year-end target of 1,238. His 2012 year end target calls for stocks to fall to 1,167. He sees a global economic slowdown hitting corporate profits hard. , An eerie technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57. And there's one thing that'll cause the markets to tip: Europe. “If the history of debt tells us anything it is that one cannot solve a debt crisis by lending more money to the bankrupt and the insolvent,” Zimmerman says. , As it stands, the dollar is toast Laura4Smith Euro Pacific Capital's John Browne thinks the U.S. dollar will soon lose credibility, thanks to manipulation by the Fed. , Persistent delevering will cause the whole world to implode Bloomberg TV Bill Gross kicked 2012 with a particularly gloomy letter. , Home prices will fall another 20% Bloomberg In his latest note, Gary Shilling lays out his 20 investment themes for 2012.Theme #12 calls for home prices to continue plummeting, falling another 20% over the next several years. This is on top of the 33% drop we've already seen. , Greece will hard default and bring everyone else down with it Nomura's permabear Bob Janjuah had some cheery things to say about Greece and it's effect on the markets."The real pain may only be seen in March, when I expect the hard Greece default to happen. In Q1 I expect the S&P will trade down to/below 1000, and core US, UK and German government Bond yields will be closer to 1.5% than 2%." , China is headed for a hardlanding SocGen's Albert Edwards thinks 2013 will be better than 2012. But that's only because he believes 2012 could be the worst year ever. , The US economy is about to tank ECRI's Lakshman Achutan hasn't budged on his recession call, and he has been taking a lot of heat for it. Here's a quote from a recent press release (via Doug Short): "If you think this is a bad economy, you haven’t seen anything yet. And that has profound implications for both Main Street and Wall Street.", Graham Summers’ Weekly Market Forecast (Has the Can Hit the Wall? Edition) http://gainspainscapital.com January 17th, 2012 ‘As usual, bad news was released over the weekend when the least number of people are paying attention… The answer is a Crisis that will make 2008 look like a picnic.This is coming… it’s only a matter of when…’ 17 Facts About The Decline Of The U.S. Auto Industry That Are Almost Too Crazy To Believe http://theeconomiccollapseblog.com http://albertpeia.com/declineusautoindustry.htm ( Warning Signs That We Should Prepare For The Worst http://albertpeia.com/prepareforworst.htm ) Very few things illustrate how dramatically America has been deindustrialized than the stunning decline of the U.S. auto industry. , RealClearMarkets - Gary Shilling: New Global Recession Is Here (It’s actually a depression and no nation will be spared!) http://www.marketwatch.com/story/shilling-says-new-global-recession-is-here-2012-01-20?link=MW_story_popular By Howard Gold NEW YORK (MarketWatch) — ‘For most economists, the main question is whether we will have a new recession. For Gary Shilling, the only question is how big. , 20 Signs That Europe Is Plunging Into A Full-Blown Economic Depression The American Dream | An economic nightmare is descending on Europe. http://albertpeia.com/20signsofeuropedepression.htm , Guest Post: Counterfeit Money, Counterfeit Policy Durden 1/31/12 Counterfeiting is illegal because it is the false creation of value. The counterfeiter takes low-value paper and turns it into high-value money, which is fundamentally a claim on the real productive value of the economy that issues the currency and recognizes it as a proxy means of exchanging that productive value. Counterfeiting is illegal because the counterfeiter creates no additional value--he creates only the proxy for value. Creating real value--adding meaningful goods or services to the economy--is tedious, hard work. How much easier to simply transform near-worthless paper into a claim on actual goods and services. If this is illegal, then would somebody please arrest the Board of the Federal Reserve for counterfeiting? The Fed has blatantly printed money without creating any real value to back up their added claims on productive value. Hence they are counterfeiting, pure and simple. A government based on rule of law would arrest these fraudsters and cons at the earliest possible convenience. , Survey: home prices declined in 19 of 20 cities in November; prices back to 2003 levels Jan 31st, 2012 (AP) , Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ http://albertpeia/americangovernmentdrugtrafficking.htm http://albertpeia/americascorruptiondrugtrade.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”, .Dave’s Daily: http://www.etfdigest.com FACEBOOK IPO THE WORST KEPT SECRET ON WALL STREET February 01, 2012 [ As per Dave, infra, note the continued prior data revised downward in this continuing ‘data ponzi scheme’ along with a multitude of other ponzi schemes; and, let me add, I don’t believe their data in any event, here and in europe, particularly that contrived / manipulated for this election year. ] ‘Yes, the copy that follows has little to do with Facebook. After all what do we really know about it? The much watched ISM Manufacturing Data (54.1 vs 54.5 consensus and previous 53.1 revised lower) stimulated bulls Wednesday. Cynics believe auto manufacturers are just stuffing inventory to dealers. We’ll see if these cars get sold or not. One thing is clear; it’s easier to buy a car for consumers given industry self-financing than it is to buy a home period. If you have a pulse, you can buy a car. (See U.S. Sector, Stocks & Bond ETFs for GM and linked ETF XLI) Plus owning a new can be more satisfying than most things at least until the new car smell wears off and payments accumulate. Bulls did rally stocks from the opening bell on global manufacturing data including the U.S. ISM report. News that China’s PMI was slightly higher than expected (50.5 versus 50.4 previous) as was Europe’s (48.8 versus 46.9) was part of the stimulant. It may mean no manufacturing slowdown in those regions. Further the eurozone news that Greek debt negotiations with its bond holders would be resolved soon was also bullish. But, later it was announced a settlement may not occur until next week. Where have we heard this stuff before? (See Overseas Sectors & ETFs below for FXI, EZU and EFA).U.S. ADP Employment Data was rather confusing showing a jobs gain of 170K versus the previously revised data (325K to 292K). So jobs gained were weaker but bulls didn’t seem to mind. Construction Spending increased 1.5% but here too, previous data was revised sharply lower to .4% from 1.2% making Wednesday’s data seem better than it really was…’ , Market Round-Trips To Yesterday's Open Durden 2-1-12 , "I'm Bill Gross And I Endorse Ron Paul For President" Durden 2-1-12 , "Hours" Downgraded To "Days" - Greek Deal No Longer "Any Hour Now" Durden 2-1-12 , As A Reminder, The President's Mortgage Plan Is "Dead On Arrival" Durden 2-1-12 , GM Channel Stuffing Resumes, January Dealer Inventory Second Highest Ever Durden 2-1-12 Just as we thought GM's channel stuffing days may be coming to an end, and the company may finally be normalizing its inventory management, here come January numbers, where we learn that in addition to car sales declining by 6% compared to a year ago, at 167,962 vehicles sold (of note: "Retail deliveries declined 15 percent compared with the same month a year ago and accounted for 70 percent of GM sales"), it was the all critical month end dealer inventory that caught our attention. And unfortunately as the skeptics expected, GM is back to its old tricks, as dealer inventories rose once again, this time by over 36k units, or the second highest in its post-reorg history, to a near record 619,455 vehicles stored with dealers. This is just the second highest ever in fresh start GM history, second only to November's 623,666. The January-end number represents 89 days supply, but more importantly the recent spike in restocking, which was seen with all other major car dealers, explains the ongoing "expansion" in the US economy as measured by indices such as the ISM. Eventually, when the end demand for these dealer parked vehicles does not materialize..’ , Guest Post: Our Counterfeit Economy Durden 2-1-12 Borrowing money based on imaginary future surpluses is a higher form of counterfeiting. And that is precisely what the U.S. is doing, borrowing immense sums at every level, private, corporate and State/Federal, all leveraged against phantom future surpluses, even as the economy requires some 10% of its supposed output (GDP) to be borrowed and spent on consumption each and every year just to run in place, i.e. the Red Queen's Race (Bernanke, Goldilocks and The Red Queen January 10, 2011). In other words, the U.S. economy is running a massive deficit, and squandering the vast sums being borrowed on consumption and mal-investments. Once you rely on more borrowing against imaginary future surpluses to fund your current expenses, then eventually the costs of servicing that debt exceeds any possible future surplus. The last-ditch "fix" is to simply print units of money (or borrow it into existence like the Federal Reserve)--counterfeiting, pure and simple-- and deceive the market for a time via the illusion that the freshly printed units of money are actually backed by productive value or surplus. As history has shown, eventually the market discovers the actual value of this counterfeit money, i.e. near-zero, and the system implodes. Once there is no more "free money" to fund consumption and mal-investment, then the reality of systemic insolvency is revealed to all. You cannot counterfeit actual surplus value generated by productive assets, you can only counterfeit proxy claims on future surplus. , Some Good News For Those of Us Who Are Sick of the Corruption February 1st, 2012 http://gainspainscapital.com http://albertpeia/americascorruptiondrugtrade.htm http://albertpeia.com/fbimartinezcongallard.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ‘At some point someone will talk… and that’s when things will get interesting.The last four years have been something of a high-water mark for corruption in the US. Whether it’s Solyndra, Congress’s insider trading, MF Global, the countless pork spending bills from Congress, or any number of the other hundred or so incidents that have made decent ordinary people outraged, we’ve definitely entered a period in which everyone knows the deal: the power elite live by a different set of laws than the rest of us.A record 64 percent of American adults surveyed by Gallup in a poll released Monday rated the honesty and ethical standards for members of Congress as “low” or “very low… Wall Street CEO or member of Congress might go to jail, the confessions are going to start coming fast and furious. This will have a seismic shift on the lobbying/ crony capitalism/ back-room deals that currently define American politics. That shift is already beginning (note that Goldman Sachs’ CEO hired a defense attorney and Ben Bernanke is trying to present himself as a man of the people). Also, consider the recent “slip up” by an MF Global executive under oath.Granted, we’re not yet at the point where people area actually getting nailed for the crimes they’ve committed… , Dead Market Exhibit A: January Volume Durden 1/31/12 , Gold, Silver Winning 2012 Asset Return Race With 11 Months Left Durden 1/31/12, Chicago ISM sank to 60.2 in Jan, well below market expectations of 63.0, vs 62.2 in Dec. Jan 31st, 2012 , Amazon Slides After Missing Revenues Expectations, Guides Much Lower Durden 1/31/12 , California To Run Out Of Cash In One Month, Controller Warns Durden 1/31/12 , Greece Calls Crisis Meeting As Debt Talks Stall Durden 1/31/12 , Euro Zone Jobless Hits Highest Level Since Birth of Euro Jan 31st, 2012 (CNBC) , Labor Unions Demand Escalation Of Trade War With China, Ask Obama To Restrict Chinese Auto Part Imports Durden , Greece Releases New Proposal With Even Greater Losses To Creditors Durden , Prophetic Economist Warns, ‘It’s Curtains for the US.’ Prepare. (Moneynews) Katrina Turner , STOCKS GO NOWHERE ON MORE DISAPPOINTING DATA: Here's What You Need To Know Business Insider , US S&P Case-Shiller home prices -0.7% in Nov for 20-cities index, -3.67% y/y, weaker than market expectations. Jan 31st, 2012 , SPX Update: Bears Fire a Shot Across the Bow By Jason Haver Jan 31, 2012 , 47 Signs That China Is Absolutely Destroying America On The Global Economic Stage http://theeconomiccollapseblog.com http://albertpeia.com/47signschinadestroyingamericaoneconomicstage.htm , Senators: Get Rid of Dollar Bills The Wall Street Journal [ Given the dollar debasement policies, they’re kind of like those nuisance pennies, and, as fiat paper currency, don’t even have the value of copper to fall back on. ] , Exxon Leads DJIA Losers On Tepid DayWall St. Cheat Sheet [ Increased costs the reason, the flip side of that debased dollar manipulation that’s artificially propped earnings, particularly for those multi-nationals. ] , Investors: There's Increased Probability of a Correction Minyanville Chris Vermeulen Jan 30, 2012 ‘Eventually equities will start to underperform. At that point, gold will be in the final stages of its bubble, and the term "parabolic" could likely be applied. Read more: http://www.minyanville.com/businessmarkets/articles/gold-prices-price-of-gold-federal/1/30/2012/id/39109#ixzz1kzPLaKZl , Dave’s Daily: http://www.etfdigest.com BULLS KEEP JANUARY ASCENT INTACT January 30, 2012 ‘Eurozone news took markets lower early as Portugal’s bond yields rose sharply and there still is no accord on Greek debt with private lenders. News from the eurozone remains .. natural to suspect some end-of-month window dressing. U.S. stocks began to rally off triple digit DJIA lows led primarily by technology after Europe closed (funny how that happens). Burlington Northern stated the economy was growing slowly and they were adding employees and railroad cars to meet perceived demand. This helped stimulate stocks overall even though it was little help to the transport sector (IYT) which closed the day down .43%In housing market news was this eye-opening story that Freddie Mac was betting big time against its own customers. Or, as the story headline goes, “When Homeowners Lose, Freddie Mac Wins”. Betting against your own customers isn’t anything new on Wall Street, something begun by then Goldman Sachs CEO Robert Rubin in the 90s. But for the government to do so states the obvious conflict. Also in the news was the government has increased loss projections for the auto bailout to $27 billion... http://i238.photobucket.com/albums/ff171/flyfry/new%20album/image004-114.jpg .. These stories hardly seem bullish..consumer spending was lower…’ , Conflicting Signals? Four Questions Facing The Market Forbes Charles Biderman, Contributor [ Mr. Biderman provides an astute backdrop to the ongoing debacle, but fails to properly access and attribute the fact/reality that in many ways fraudulent wall street is ‘the government’ as we’ve lamentably seen in the form of paulsen, rubin, geithner, bernanke, goldman saches, etc., and certainly when it counted for wall street at everyone else’s expense; and, the absence of high level prosecutions further testament to that factual reality. See here as well: Nothing Has Changed, But Bulls Are Becoming More Bullish Forbes Charles Biderman, Contributorhttp://www.forbes.com/sites/investor/2012/01/23/nothing-has-changed-but-bulls-are-becoming-more-bullish/?partner=yahootix This article is an incisive yet brief look at the source of funds for the upside biased stock manipulation and an important read from Forbes / Biderman ] ‘Again and again I have to keep reminding myself that most portfolio managers, as well as individual investors, firmly believe that not only can the U.S. economy grow its way out of its current mess, but that the U.S. economy has already begun that process.The fact that the Fed continues to create $100 billion of new money each month to support the economy is not as important to them as is the cumulative 60% growth in the federal deficit since 2008. Also irrelevant is that take home pay net of inflation is and has been declining on a year over year basis for the past several months…’ , REGARDING SOCIAL PROGRAMS AND GOVERNMENT OUTLAYS: THE MONEY SIMPLY ISN’T THERE January 30th, 2012 http://gainspainscapital.com , Fannie Mae, Freddie Mac Shown as Mortgage Market Predators : rcwhalen : 01/30/2012 This morning, NPR and ProPublica, began reporting on financial transactions at Freddie Mac that bet against homeowner refinancing with their portfolio. , The Market Could Soon Bottom (And Nobody Knows It) Minyanville David Banister Jan 30, 2012 , The Baltic Dry Meltdown Continues The Wall Street Journal , Making Money On Poverty: JP Morgan Makes Bigger Profits When The Number Of Americans On Food Stamps Goes Up http://theeconomiccollapseblog.com http://albertpeia.com/makingmoneyonpoverty.htm , Guest Post: The Price of Growth Tyler Durden on 01/30/2012 … Are we better off if a near-term recovery comes at the expense of our future security? The prudent among us would disagree.

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

Romney: It 'makes absolutely no sense' (Washington Post) [ I realize this is an election year; and, certainly since the coup d’etat by way of the assassination of JFK, the military industrial complex / military establishment / pentagon’s prior ‘approval’ for such pronouncements, more than just a perfunctory nod, token heads up. What makes no sense is pervasively corrupt, defacto bankrupt america’s ever increasingly insurmountable debt burden which will take the nation down faster than any purported foreign enemy. Actually, I believe the increased scrutiny has revealed america’s heroin trade there does not come close to justifying the costs (except for ‘those few’). What made no sense in the broader sense was ‘being there’ in the first place. They’re just no threat to america and yet ‘being there’ a substantial provocation sufficient to make them so. Indeed, that a war mongering, zionist, neocon mental case like john bolton has endorsed Romney is certainly, if taken seriously along with the implications, a credible foreboding of further bad times for america to come thereby. Wake up! ). (34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger http://theeconomiccollapseblog.com http://albertpeia/34shockingfactsaboutusdebt.htm ‘We have all been lied to. For decades, the leaders of both major political parties have promised us that they can fix our current system and that they can get our national debt under control. As the 2012 election approaches, they are making all kinds of wild promises once again. Well you know what? It is all a giant sham. The United States has gotten into so much debt that there will be no coming back from this. The current system is irretrievably broken… Professor Laurence J. Kotlikoff, the U.S. is facing a "fiscal gap" of over 200 trillion dollars in the future. The following is a brief excerpt from a recent article that he did for CNN...The government's total indebtedness -- its fiscal gap -- now stands at $211 trillion.. The fiscal gap is the difference, measured in present value, between all projected future spending obligations -- including our huge defense expenditures and massive entitlement programs, as well as making interest and principal payments on the official debt -- and all projected future taxes…#33 If you add up all forms of debt in the United States (government, business and consumer), it comes to more than 56 trillion dollars. That is more than $683,000 per family…). america’s totally broke! Really! No joke! Drug war hypocrisy: drug trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the amount of drug trafficking that benefits the CIA and international banking system. Natural News February 1, 2012 [ http://albertpeia/americangovernmentdrugtrafficking.htm http://albertpeia/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the amount of drug trafficking that benefits the CIA and international banking system. The son of a convicted notorious mobster, John Gotti Jr, when asked in court if the family still dealt drugs cracked, “No, we can’t compete with the government.”

Today in Afghanistan, American troops have been seen guarding poppy fields used to make heroin. Those fields were all but wiped out by 2001 when the Taliban destroyed them and forbade that agricultural pursuit. Now they’re flourishing again after the American occupation.

One way the CIA keeps their drug trafficking hidden from public view

Webb retaliated by having his book Dark Alliance published and making the NY Times best seller list, forcing some of his critics to privately eat crow after the fact.

Government and big business using drug traffic profits is nothing new

A few key players created family fortunes from the China opium trade that exist today within some northeast America’s “old money” families.

Now it is illegal as well. Ironically, this allows the biggest illicit drug providers to financially benefit the CIA and international banking.’

Sources for this article include:

http://whatreallyhappened.com/RANCHO/POLITICS/MOCK/mockingbird.php

http://thepoliticalcoffeehouse.com/2011/12/01/us-military-opium-afghanistan/

Much Of Afghan Drug Money Going To ‘Our Friends’

Steady Stream of Drug Money Departs Afghanistan, U.S. Officials Flummoxed

Afghan CIA Drug Kingpin Shot Dead by Own Bodyguard

Occupiers involved in drug trade: Afghan minister